Document:

Indenture, dated as of September 30, 2013

 Exhibit 4.1 

EXECUTION VERSION 
  

 
 CONTINENTAL WIND, LLC 

CONTINENTAL WIND HOLDING, LLC 

THE OTHER NOTE GUARANTORS PARTIES HERETO 

6.000% SENIOR SECURED NOTES DUE 2033 
  

 
 INDENTURE 

Dated as of September 30, 2013 
  

 
 WILMINGTON
TRUST, NATIONAL ASSOCIATION 
 As Trustee 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	 ARTICLE 1

DEFINITIONS AND INCORPORATION
 BY
REFERENCE
	   
   

  

			
	 Section 1.01
	 	 Definitions
	  	 	1	  
			
	 Section 1.02
	 	 Other Definitions
	  	 	37	  
			
	 Section 1.03
	 	 Rules of Construction
	  	 	37	  
	
	 ARTICLE 2

THE NOTES
	   
   

			
	 Section 2.01
	 	 Form and Dating
	  	 	38	  
			
	 Section 2.02
	 	 Execution and Authentication
	  	 	40	  
			
	 Section 2.03
	 	 Registrar and Paying Agent
	  	 	40	  
			
	 Section 2.04
	 	 Paying Agent to Hold Money in Trust
	  	 	40	  
			
	 Section 2.05
	 	 Holder Lists
	  	 	41	  
			
	 Section 2.06
	 	 Transfer and Exchange
	  	 	41	  
			
	 Section 2.07
	 	 Replacement Notes
	  	 	52	  
			
	 Section 2.08
	 	 Outstanding Notes
	  	 	52	  
			
	 Section 2.09
	 	 Treasury Notes
	  	 	52	  
			
	 Section 2.10
	 	 Temporary Notes
	  	 	52	  
			
	 Section 2.11
	 	 Cancellation
	  	 	53	  
			
	 Section 2.12
	 	 Defaulted Interest
	  	 	53	  
			
	 Section 2.13
	 	 CUSIP Numbers
	  	 	53	  
	
	 ARTICLE 3

REDEMPTION AND PREPAYMENT
	   
   

			
	 Section 3.01
	 	 Notices to Trustee
	  	 	54	  
			
	 Section 3.02
	 	 Selection of Notes to Be Redeemed or Purchased
	  	 	54	  
			
	 Section 3.03
	 	 Notice of Redemption
	  	 	54	  

  
 i 

							
	 Section 3.04
	 	 Effect of Notice of Redemption
	  	 	55	  
			
	 Section 3.05
	 	 Deposit of Redemption or Purchase Price
	  	 	56	  
			
	 Section 3.06
	 	 Notes Redeemed or Purchased in Part
	  	 	56	  
			
	 Section 3.07
	 	 Optional Redemption
	  	 	56	  
			
	 Section 3.08
	 	 Sinking Fund
	  	 	57	  
			
	 Section 3.09
	 	 Mandatory Redemption
	  	 	57	  
			
	 Section 3.10
	 	 Change of Control; Offer to Repurchase Upon Change of Control
	  	 	58	  
	
	 ARTICLE 4

COVENANTS
	   
   

			
	 Section 4.01
	 	 Payment of Notes
	  	 	60	  
			
	 Section 4.02
	 	 Maintenance of Office or Agency
	  	 	60	  
			
	 Section 4.03
	 	 Financial Information; Reporting Requirements
	  	 	60	  
			
	 Section 4.04
	 	 Taxes
	  	 	64	  
			
	 Section 4.05
	 	 Restricted Payments
	  	 	64	  
			
	 Section 4.06
	 	 Use of Note Proceeds; Credit Facilities
	  	 	66	  
			
	 Section 4.07
	 	 Incurrence of Indebtedness and Issuance of Preferred Stock
	  	 	66	  
			
	 Section 4.08
	 	 Leases
	  	 	68	  
			
	 Section 4.09
	 	 Limitations on Transactions with Affiliates
	  	 	68	  
			
	 Section 4.10
	 	 Limitation on Liens
	  	 	70	  
			
	 Section 4.11
	 	 Conduct of Business; Maintenance of Properties, Etc.
	  	 	70	  
			
	 Section 4.12
	 	 Maintenance of Existence
	  	 	70	  
			
	 Section 4.13
	 	 Separate Existence
	  	 	71	  
			
	 Section 4.14
	 	 Maintenance of Books and Records, Inspection, Fiscal Year
	  	 	71	  
			
	 Section 4.15
	 	 Annual Operating Budget
	  	 	71	  
			
	 Section 4.16
	 	 Insurance
	  	 	71	  
			
	 Section 4.17
	 	 Perfection or Validity and Maintenance of Security Interests
	  	 	72	  
			
	 Section 4.18
	 	 Maintenance of Priority of the Notes
	  	 	72	  

  
 ii 

							
	 Section 4.19
	 	 Maintenance of Rights in Project Property
	  	 	72	  
			
	 Section 4.20
	 	 Compliance with Laws and Agreements; Maintenance of Permits
	  	 	73	  
			
	 Section 4.21
	 	 Limitation on Nature of Business
	  	 	73	  
			
	 Section 4.22
	 	 Limitation on Termination or Amendments to Major Project Contracts
	  	 	73	  
			
	 Section 4.23
	 	 Organizational Documents
	  	 	74	  
			
	 Section 4.24
	 	 Fundamental Changes; Asset Dispositions and Acquisitions
	  	 	75	  
			
	 Section 4.25
	 	 Hedging Agreements; Permitted Commodity Hedge Agreements
	  	 	75	  
			
	 Section 4.26
	 	 Investments
	  	 	75	  
			
	 Section 4.27
	 	 Capital Expenditures
	  	 	76	  
			
	 Section 4.28
	 	 Subsidiaries; Partnerships
	  	 	77	  
			
	 Section 4.29
	 	 Accounts
	  	 	77	  
			
	 Section 4.30
	 	 Performance of Major Project Contracts
	  	 	77	  
			
	 Section 4.31
	 	 Exercise of Rights
	  	 	77	  
			
	 Section 4.32
	 	 Consents to Assignment
	  	 	77	  
			
	 Section 4.33
	 	 Additional Major Project Contracts
	  	 	78	  
			
	 Section 4.34
	 	 Rating
	  	 	78	  
			
	 Section 4.35
	 	 Restriction on Subsidiary Distributions
	  	 	78	  
			
	 Section 4.36
	 	 Loss Event
	  	 	78	  
			
	 Section 4.37
	 	 Loss Events and Events of Taking
	  	 	78	  
			
	 Section 4.38
	 	 Title Events
	  	 	79	  
			
	 Section 4.39
	 	 Project Contract Termination
	  	 	79	  
			
	 Section 4.40
	 	 Material Asset Sales
	  	 	79	  
			
	 Section 4.41
	 	 Accumulation of Amounts in Distribution Suspense Account
	  	 	80	  
			
	 Section 4.42
	 	 Tax Equity Option Payment Proceeds; Whitetail Wind Project Prepayment Amount
	  	 	80	  
			
	 Section 4.43
	 	 Payments for Consent
	  	 	80	  
			
	 Section 4.44
	 	 Further Assurances
	  	 	81	  

  
 iii 

							
	 Section 4.45
	 	 Energy Regulatory Status
	  	 	81	  
			
	 Section 4.46
	 	 Negative Pledge Clauses
	  	 	81	  
			
	 Section 4.47
	 	 Fiscal Year, Name, Location and EIN
	  	 	82	  
			
	 Section 4.48
	 	 Hazardous Materials and Protected Organisms
	  	 	82	  
			
	 Section 4.49
	 	 Stay, Extension and Usury Laws
	  	 	82	  
	
	 ARTICLE 5

NOTE GUARANTEE
	   
   

			
	 Section 5.01
	 	 Note Guarantee
	  	 	82	  
			
	 Section 5.02
	 	 Limitation on Liability
	  	 	84	  
			
	 Section 5.03
	 	 Right of Contribution
	  	 	84	  
			
	 Section 5.04
	 	 No Subrogation
	  	 	84	  
	
	 ARTICLE 6

DEFAULTS AND REMEDIES
	   
   

			
	 Section 6.01
	 	 Events of Default
	  	 	85	  
			
	 Section 6.02
	 	 Acceleration
	  	 	88	  
			
	 Section 6.03
	 	 Other Remedies
	  	 	88	  
			
	 Section 6.04
	 	 Waiver of Past Defaults
	  	 	89	  
			
	 Section 6.05
	 	 Control by Majority
	  	 	89	  
			
	 Section 6.06
	 	 Limitation on Suits
	  	 	89	  
			
	 Section 6.07
	 	 Rights of Holders to Receive Payment
	  	 	89	  
			
	 Section 6.08
	 	 Collection Suit by Trustee
	  	 	89	  
			
	 Section 6.09
	 	 Rights and Remedies Cumulative
	  	 	90	  
			
	 Section 6.10
	 	 Delay or Omission Not Waiver
	  	 	90	  
			
	 Section 6.11
	 	 Trustee May File Proofs of Claim
	  	 	90	  
			
	 Section 6.12
	 	 Priorities
	  	 	91	  
			
	 Section 6.13
	 	 Undertaking for Costs
	  	 	91	  

  
 iv 

							
	 ARTICLE 7

TRUSTEE
	   
   

			
	 Section 7.01
	 	 Duties of Trustee
	  	 	91	  
			
	 Section 7.02
	 	 Rights of Trustee
	  	 	92	  
			
	 Section 7.03
	 	 Individual Rights of Trustee
	  	 	94	  
			
	 Section 7.04
	 	 Trustee’s Disclaimer
	  	 	94	  
			
	 Section 7.05
	 	 Notice of Defaults
	  	 	94	  
			
	 Section 7.06
	 	 Reports by Trustee to Holders
	  	 	94	  
			
	 Section 7.07
	 	 Compensation and Indemnity
	  	 	95	  
			
	 Section 7.08
	 	 Replacement of Trustee
	  	 	95	  
			
	 Section 7.09
	 	 Successor Trustee by Merger, etc.
	  	 	96	  
			
	 Section 7.10
	 	 Eligibility; Disqualification
	  	 	96	  
			
	 Section 7.11
	 	 Reports; Information, Annual Budget, Etc.
	  	 	97	  
	
	 ARTICLE 8

LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	   
   

			
	 Section 8.01
	 	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	97	  
			
	 Section 8.02
	 	 Legal Defeasance and Discharge
	  	 	97	  
			
	 Section 8.03
	 	 Covenant Defeasance
	  	 	98	  
			
	 Section 8.04
	 	 Conditions to Legal or Covenant Defeasance
	  	 	98	  
			
	 Section 8.05
	 	 Deposited Money and Governmental Securities to be Held in Trust; Other Miscellaneous Provisions
	  	 	99	  
			
	 Section 8.06
	 	 Repayment to Company
	  	 	100	  
			
	 Section 8.07
	 	 Reinstatement
	  	 	100	  
	
	 ARTICLE 9

AMENDMENT, SUPPLEMENT AND WAIVER
	   
   

			
	 Section 9.01
	 	 Without Consent of Holders
	  	 	100	  
			
	 Section 9.02
	 	 With Consent of Holders
	  	 	101	  
			
	 Section 9.03
	 	 Revocation and Effect of Consents
	  	 	103	  

  
 v 

							
	 Section 9.04
	 	 Notation on or Exchange of Notes
	  	 	103	  
			
	 Section 9.05
	 	 Trustee to Sign Amendments, etc.
	  	 	103	  
	
	 ARTICLE 10

COLLATERAL AND SECURITY
	   
   

			
	 Section 10.01
	 	 Security Documents
	  	 	104	  
			
	 Section 10.02
	 	 Recording and Opinions
	  	 	104	  
			
	 Section 10.03
	 	 Release of Collateral
	  	 	105	  
			
	 Section 10.04
	 	 Certificates of the Trustee
	  	 	106	  
			
	 Section 10.05
	 	 Authorization of Actions to Be Taken by the Trustee Under the Security Documents
	  	 	106	  
			
	 Section 10.06
	 	 Authorization of Receipt of Funds by the Trustee Under the Security Documents
	  	 	106	  
			
	 Section 10.07
	 	 Termination of Security Interest
	  	 	106	  
	
	 ARTICLE 11

SATISFACTION AND DISCHARGE
	   
   

			
	 Section 11.01
	 	 Satisfaction and Discharge
	  	 	107	  
			
	 Section 11.02
	 	 Application of Trust Money
	  	 	108	  
	
	 ARTICLE 12

MISCELLANEOUS
	   
   

			
	 Section 12.01
	 	 Notices
	  	 	108	  
			
	 Section 12.02
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	110	  
			
	 Section 12.03
	 	 Statements Required in Certificate or Opinion
	  	 	110	  
			
	 Section 12.04
	 	 Rules by Trustee and Agents
	  	 	111	  
			
	 Section 12.05
	 	 No Personal Liability of Directors, Officers, Employees and Equityholders
	  	 	111	  
			
	 Section 12.06
	 	 Governing Law
	  	 	111	  
			
	 Section 12.07
	 	 Submission to Jurisdiction
	  	 	111	  
			
	 Section 12.08
	 	 Waiver of Jury Trial
	  	 	111	  
			
	 Section 12.09
	 	 No Adverse Interpretation of Other Agreements
	  	 	111	  
			
	 Section 12.10
	 	 Successors
	  	 	112	  

  
 vi 

							
	 Section 12.11
	 	 Severability
	  	 	112	  
			
	 Section 12.12
	 	 Counterpart Originals
	  	 	112	  
			
	 Section 12.13
	 	 Table of Contents, Headings, etc.
	  	 	112	  
			
	 Section 12.14
	 	 Force Majeure
	  	 	112	  
			
	 Section 12.15
	 	 Rights of Agents
	  	 	112	  
			
	 Section 12.16
	 	 U.S.A. Patriot Act
	  	 	112	  
			
	 Section 12.17
	 	 Payments Due on Non-Business Days
	  	 	113	  
			
	 Section 12.18
	 	 Intercreditor Agreement
	  	 	113	  

  
 vii 

 SCHEDULES 
  

			
	Schedule A	  	 Major Project Contracts

	Schedule B	  	 Permitted Co-Tenancy Agreements

	Schedule C	  	 Consents

	Schedule D	  	 Real Estate Documents

 EXHIBITS 
  

			
	Exhibit A1	  	 FORM OF NOTE

	Exhibit A2	  	 FORM OF REGULATION S TEMPORARY GLOBAL NOTE

	Exhibit B	  	 FORM OF CERTIFICATE OF TRANSFER

	Exhibit C	  	 FORM OF CERTIFICATE OF EXCHANGE

	Exhibit D	  	 BASE CASE PROJECTIONS

	Exhibit E	  	 FORM OF CONSENT

	Exhibit F	  	 SUBORDINATION TERMS

  
 viii 

 INDENTURE dated as of September 30, 2013 among Continental Wind, LLC, a Delaware limited
liability company (the “Company”), Continental Wind Holding, LLC, a Delaware limited liability company (“Continental Wind Holding”), the other Note Guarantors parties hereto and Wilmington Trust, National
Association, a national banking association, as trustee (the “Trustee”). 
 RECITALS OF THE COMPANY 

WHEREAS, the Company has authorized the execution and delivery of this Indenture to provide for the issuance of its 6.000% Senior Secured
Notes due 2033 (the “Notes”); 
 WHEREAS, Continental Wind Holding, the Company’s direct parent, and all of the
Company’s Subsidiaries (collectively, the “Note Guarantors”) have authorized the execution and delivery of this Indenture to provide for the guarantees of the Notes; and 

WHEREAS, all things necessary to make this Indenture a legal, valid and binding agreement of the Company and the Note Guarantors, in
accordance with its terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually agreed by the Company, the Note
Guarantors and the Trustee, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION 
 BY
REFERENCE 
  

	Section 1.01	Definitions. 

 “144A Global Note” means a Global Note substantially in
the form of Exhibit A1 hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the
outstanding principal amount of the Notes sold in reliance on Rule 144A. 
 “Accounts” means, collectively, the
Project Accounts and each cash collateral account referred to in any Note Document in which the Company has an interest, including any sub-accounts within such accounts, which Project Accounts and cash collateral accounts shall each be subject to a
first priority Lien (subject to Permitted Liens) in favor of the Collateral Agent (for the benefit of the Secured Parties). 

“Actual Knowledge” means the actual knowledge of a Responsible Officer of the Company or the applicable Note Guarantor, as
applicable (or individuals serving in functionally equivalent positions after the Issue Date). 
 “Additional Major Project
Contract” means (a) any Replacement Project Contract (including in any event any PPA that replaces a PPA in effect on the Issue Date and any further Replacement Project Contracts therefor) and (b) any other Project Contract
entered into after the Issue Date having a term greater than three (3) years and providing for payments thereunder to or by the Company or a Project Company during such term in excess of $25.0 million. 

  
 1 

 “Administrative Agent” means the administrative agent under the Credit
Facilities Agreement and/or any administrative agent under any Replacement Credit Facility, together with their respective permitted successors in such capacity. 

“Affected Property” means, with respect to any Loss Event, the property of the Company or the applicable Project Company
which has been lost, destroyed, damaged, condemned, taken or otherwise adversely affected as a result of such Loss Event. 

“Affiliate” of any specified Person means any other Person who directly, or indirectly through one or more intermediaries,
controls or is controlled by or is under common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and
“under common control with” have correlative meanings. 
 “Agent” means any Registrar, co-registrar, Paying Agent
or additional paying agent. 
 “Agent Fees” means any fees due and payable to any trustee, agent, or other Person acting in
a representative or administrative capacity pursuant to any Financing Document. 
 “Annual Operating Budget” means
(x) for the period from the Issue Date through December 31, 2014, the Company’s operating plan and budget in effect for such period on the Issue Date and (y) thereafter, the operating plan and budget the Company shall adopt on or
prior to 30 days prior to the end of each Fiscal Year commencing after December 31, 2014, for the following calendar year with respect to the operation and maintenance of the Projects, on a consolidated basis (and, in the case of each of
the Harvest II Wind Project, the Beebe Wind Project, the Michigan Wind II Project, the Whitetail Wind Project and the Shooting Star Wind Project, on a Project basis), detailed by month, of anticipated revenues, anticipated revenue allocations under
all waterfall levels set forth in the applicable section of the Depositary Agreement and anticipated expenditures, such budget to include debt service, proposed distributions, reserves and all anticipated O&M Costs (including reasonable
allowance for contingencies and including Required Capital Expenditures), in each case, applicable to the Projects (or applicable Project) for the period, to the conclusion of such Fiscal Year, and for the corresponding periods with respect to each
subsequent annual operating budget, in customary form. 
 “Applicable Procedures” means, with respect to any transfer or
exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 

“Asset Sale” means the sale, lease, transfer, conveyance or other disposition of any assets or other property by the Company
or any Project Company; provided that the sale, lease, transfer, conveyance or other disposition of all or substantially all of the assets of the Company or any Project Company will be governed by Section 4.24 hereof. 

Notwithstanding the foregoing, none of the following items will be deemed to be an Asset Sale (each a “Permitted Asset
Sale”): 
 (1) any transactions that involve assets not material to the operation of any Project having a Fair
Market Value in the aggregate from the Issue Date of not more than $25.0 million; 

  
 2 

 (2) any transactions that involve assets not material to the operation of any
Project having a Fair Market Value in the aggregate from the Issue Date of more than $25.0 million (it being understood that transactions entered into pursuant to clause (1) shall be taken into account in calculating such aggregate
amount); provided that the Asset Sale Proceeds therefrom are applied to redeem the Notes and prepay or cash collateralize the Credit Facilities Obligations and/or Replacement Credit Facilities Obligations pursuant to Section 4.40 hereof;

 (3) the sale, lease or other transfer of energy, capacity, ancillary services, emission credits, other products, services
or accounts receivable in the ordinary course of business and any sale or other disposition of damaged, worn-out or obsolete assets in the ordinary course of business (including the abandonment or other disposition of intellectual property that is,
in the reasonable judgment of the Company or the applicable Project Company, no longer economically practicable to maintain); 

(4) licenses and sublicenses by any Project Company of software or intellectual property in the ordinary course of business;

 (5) any surrender or waiver of contract rights or settlement, release, recovery on or surrender of contract, tort or other
claims in the ordinary course of business; 
 (6) the granting of Liens not prohibited by Section 4.10 hereof and any
other grant, transfer, disposition or transaction that constitutes a Permitted Lien; 
 (7) the sale or other disposition of
Cash Equivalent Investments in the ordinary course; 
 (8) a Restricted Payment that does not violate Sections 4.05 or 4.26
hereof; 
 (9) any sale or transfer expressly contemplated in the Beebe 1B Agreements and/or the Beebe 2 Agreements completed
in accordance with the terms thereof and pursuant to agreements or transfer instruments substantially in the forms attached thereto and any sale or transfer expressly contemplated in a Permitted Co-Tenancy Agreement; 

(10) with respect to the Whitetail Wind Project, the release by Whitetail of portions of the real property covered by that
certain Windpark Easement and Easement Agreement, dated as of February 22, 2012, between Whitetail and the owner parties thereto which are not necessary for the operation of the Whitetail Wind Project, as contemplated under Section 5.11
thereof as in effect on the date hereof; 
 (11) the sale of the Whitetail Wind Project to the City of Austin d/b/a Austin
Energy pursuant to the purchase option set forth in Section 19 of the Amended and Restated Power Purchase Agreement, dated September 28, 2011 and amended and restated as of March 7, 2012, between Whitetail and Austin Energy;
provided that an amount equal to the Whitetail Wind Project Prepayment Amount is applied to redeem the Notes pursuant to Section 4.42(b) hereof; and provided, further, that all outstanding letters of credit issued under the Credit
Facilities or any Replacement Credit Facilities to support obligations of or for the benefit of Whitetail or the Whitetail Wind Project have been terminated, returned for cancellation or, to the extent and on terms acceptable to the applicable
issuing bank, cash collateralized, prior to or substantially simultaneously with the consummation of such sale; and 

  
 3 

 (12) the sale of the [*] Wind Project to [*] pursuant to the purchase option set
forth in Section 5.6 of the Amended and Restated Power Purchase Agreement, dated as of September 7, 2011, between [*] and [*], on or after September 29, 2032; provided that all outstanding letters of credit issued under the
Credit Facilities or any Replacement Credit Facilities to support obligations of or for the benefit of [*] or the [*] Wind Project have been terminated, returned for cancellation or, to the extent and on terms acceptable to the applicable issuing
bank, cash collateralized, prior to or substantially simultaneously with the consummation of such sale. 
 “Asset Sale
Proceeds” means all proceeds in excess of $25.0 million in the aggregate received in respect of Asset Sales permitted pursuant to clause (2) of the definition of Permitted Asset Sale (it being understood that transactions entered into
pursuant to clause (1) of such definition shall be taken into account in calculating such aggregate amount), net of all reasonable out-of-pocket costs or expenses (if any) and, if applicable, reasonable transaction costs (including reasonable
legal and accounting fees and expenses, and taxes paid or payable as a result thereof), incurred by any Company Entity in connection with such Asset Sale(s). 

“Bankruptcy Event” shall be deemed to occur with respect to any Person if (a) such Person shall institute a voluntary
case seeking liquidation or reorganization under the Bankruptcy Law, or shall consent to the institution of an involuntary case thereunder against it; or (b) such Person shall file a similar petition or shall otherwise institute any similar
proceeding under any other applicable federal or state law, or shall consent thereto; or (c) such Person shall apply for the appointment, or by consent or acquiescence there shall be an appointment, of a receiver, liquidator, sequestrator,
trustee or other officer or custodian with similar powers for itself or any substantial part of its property or assets; or (d) such Person shall make an assignment for the benefit of its creditors; or (e) such Person shall become
insolvent, or admit in writing its inability to pay its debts generally as they become due; or (f) an involuntary case shall be commenced seeking liquidation or reorganization of such Person under the Bankruptcy Law or any similar proceedings
shall be commenced against such Person under any other applicable federal or state law and (i) the petition commencing the involuntary case is not timely controverted, or (ii) the petition commencing the involuntary case is not dismissed
within 60 days of its filing, or (iii) an interim trustee is appointed to take possession of all or a material portion of the property, and/or to operate all or any material part of the business, of such Person and such appointment is not
vacated within 60 days, or (iv) an order for relief shall have been issued or entered therein; (g) a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee
or other officer having similar powers of such Person or all or a material part of its property shall have been entered; or (h) any other similar relief shall be granted against such Person under any applicable Bankruptcy Law. 

“Bankruptcy Law” means the U.S. Bankruptcy Code and any other state or federal insolvency, reorganization, moratorium or
similar law for the relief of debtors. 
 “Base Case Projections” means the base case projections of the Company’s
consolidated operating results for the Projects set forth on Exhibit D attached hereto. 
 “Beebe” means Beebe
Renewable Energy, LLC, a limited liability company organized and existing under the laws of the State of Delaware. 
 “Beebe
1B” means Beebe 1B Renewable Energy, LLC. 

  
 4 

 “Beebe 1B Agreements” means the Beebe 1B Build-Out Agreement, the Beebe 1B
Co-Tenancy Agreements, the Beebe 1B Easements and the Beebe 1B Sublease. 
 “Beebe 1B Build-Out Agreement” means the
Build-Out Agreement, dated July 19, 2013, between Beebe and Beebe 1B. 
 “Beebe 1B Co-Tenancy Agreements” means
(i) the Substation Co-Tenancy, Shared Facilities and Easement Agreement, dated July 19, 2013, among Beebe, Beebe 1B and Exelon Wind, LLC as the asset manager, and (ii) the Co-Tenancy, Shared Facilities and Easement Agreement, dated
July 19, 2013, among Beebe, Beebe 1B and Exelon Wind, LLC as the asset manager. 
 “Beebe 1B Easements” means certain
easements granted by Beebe to Beebe 1B to facilitate the Beebe 1B Project, as detailed in the Beebe 1B Build-Out Agreement. 

“Beebe 1B Project” means the wind project to be developed, owned and operated by Beebe 1B. 

“Beebe 1B Sublease” means the Wind Energy Project Sublease Agreement between Beebe and Beebe 1B, dated July 19, 2013,
pursuant to which Beebe is subleasing certain property located in the vicinity of the Beebe Wind Project to Beebe 1B for use in connection with the Beebe 1B Project. 

“Beebe 2” means Beebe Renewable Energy 2, LLC. 

“Beebe 2 Agreements” means the Beebe 2 Build-Out Agreement, the Beebe 2 Co-Tenancy
Agreement and the Beebe 2 Easements. 
 “Beebe 2 Build-Out Agreement” means the Build-Out Agreement, dated August 9,
2013, among Beebe, Beebe 1B and Beebe 2. 
 “Beebe 2 Co-Tenancy Agreement” means the Co-Tenancy, Shared Facilities and
Easement Agreement, to be entered into among Beebe, Beebe 1B, Beebe 2 and Exelon Wind, LLC as the asset manager, substantially in the form attached to the Beebe 2 Build-Out Agreement. 

“Beebe 2 Easements” means certain easements to be granted by Beebe and/or Beebe 1B to Beebe 2 to facilitate the Beebe 2
Project, as detailed in the Beebe 2 Build-Out Agreement. 
 “Beebe 2 Project” means the wind project to be developed, owned
and operated by Beebe 2. 
 “Beebe Wind Project” means the approximately 81.6 MW wind-powered electrical generation
facility owned by Beebe and located in Gratiot County, Michigan, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site and all other equipment and property leased or owned
by Beebe and attached to or placed upon the related Project Site or used in connection with the operation of the Beebe Wind Project. 

“Bennett Creek” means Bennett Creek Windfarm, LLC, a limited liability company organized and existing under the laws of the
State of Idaho. 
 “Board of Directors” means 

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

  
 5 

 (2) with respect to a partnership, the Board of Directors of the general partner
of the partnership; 
 (3) with respect to a limited liability company, the manager or managers thereof or any controlling
committee of managers or members thereof; and 
 (4) with respect to any other Person, the board or committee of such Person
serving a similar function. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to remain closed. 
 “Capital Expenditures” mean expenditures made
by any Project Company to acquire or construct fixed assets, plant and equipment which, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of
cash flows of the Company (including renewals, improvements and replacements thereto, but, notwithstanding the foregoing, excluding any such expenditures that are paid out of Loss Proceeds). 

“Capital Lease Obligations” means, at the time any determination is to be made, the amount of the liability in respect of a
capital lease that would at that time be required to be capitalized on a balance sheet prepared in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to
the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 
 “Capital Stock” means:

 (1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company,
partnership interests (whether general or limited) or membership interests; and 
 (4) any other interest or participation
that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such
debt securities include any right of participation with Capital Stock. 
 “Cash Equivalent Investments” means: 

(a) direct obligations of the United States of America or any agency thereof or obligations guaranteed by the United States of America or any
agency thereof, in each case with maturities not exceeding two years; 
 (b) time deposit accounts, certificates of deposit and money market
deposit maturing within 90 days of the date of acquisition thereof issued by a bank or trust company that is organized under the laws of the United States of America, or any state thereof having capital, surplus and undivided profits in excess
of $1.0 billion and whose long-term debt, or whose parent holding company’s long-term debt, is rated A (or such similar equivalent rating or higher) by at least one nationally recognized statistical rating organization (as defined in
Rule 436 under the Securities Act); 

  
 6 

 (c) repurchase obligations with a term of not more than 90 days for underlying securities of
the types described in clause (a) above entered into with a bank meeting the qualifications described in clause (b) above; 
 (d)
commercial paper, maturing not more than one year after the date of acquisition, issued by a corporation (other than an Affiliate of the Company) organized and in existence under the laws of the United States of America or any foreign country
recognized by the United States of America with a rating at the time as of which any investment therein is made of P-1 (or higher) according to Moody’s or A-1 (or higher) according to S&P; 

(e) money market funds that (i) comply with the criteria set forth in Rule 2a-7 under the Investment Company Act of 1940,
(ii) if rated, are rated AA by S&P or Aa2 by Moody’s and (iii) have portfolio assets of at least $1.0 billion; 

(f) time deposit accounts, certificates of deposit and money market deposits in an aggregate face amount not in excess of 1/2 of 1.00% of the
total assets of the Company as of the end of the Company’s most recently completed Fiscal Year; 
 (g) time deposit accounts,
certificates of deposit and money market deposits held with the Depositary Agent; 
 (h) shares of mutual funds whose investment guidelines
restrict 95% of such funds’ investments to those satisfying the provisions of clauses (a) through (g) above; 
 (i) other
investments that at the time acquired by the Company were formerly of the type described in clauses (a) through (h) above; provided that such other investment shall cease to be a Cash Equivalent Investment at such time as the
Company shall have held such investment for a period in excess of 60 days from which such investment was no longer an investment of the type described in clauses (a) through (h) above; 

(j) deposit accounts with any bank that is insured by the Federal Deposit Insurance Corporation and whose long-term obligations are rated A2
or better by Moody’s and/or A or better by S&P; and 
 (k) cash. 

“Cash Flow Available for Debt Service” means, for any period, the excess (if any) of (a) Project Revenues for such
period over (b) the sum of actual O&M Costs paid pursuant to Section 3.1(b)(i) of the Depositary Agreement (including those paid with any amounts transferred to the O&M Account pursuant to Section 3.12 of the Depositary
Agreement) during such period. 
 “Cassia Gulch” shall mean Cassia Gulch Wind Park, LLC, a limited liability company
organized and existing under the laws of the State of Idaho. 
 “Cassia Wind” shall mean Cassia Wind Farm, LLC, a limited
liability company organized and existing under the laws of the State of Idaho. 
 “Cassia Wind Project” shall mean the
approximately 29.4 MW wind powered electrical generation facility owned by Cassia Gulch and Cassia Wind, located in Twin Falls County, Idaho, including the related Project Site, and the turbines, facilities, structures and improvements erected on
the related Project Site and all other equipment and property leased or owned by Cassia Gulch and Cassia Wind and attached to or placed upon the related Project Site or used in connection with the operation of the Cassia Wind Project. 

  
 7 

 “Casualty Event” means an event (or series of events) which causes (or cause)
all or any material portion of the Collateral or any Project to be damaged, destroyed or rendered unfit for its intended use for any reason whatsoever, other than an Event of Eminent Domain or a Title Event. 

“Change in Law” means (a) the adoption or taking effect of any law, rule, treaty or regulation by any Governmental
Authority after the Issue Date or (b) any change in law, rule, treaty or regulation or in the administration, interpretation, implementation or application thereof by any Governmental Authority after the Issue Date. 

“Change of Control” means the consummation of any transaction or series of transactions as a result of which (a) the
Parent shall cease to Control Continental Wind Holding; provided that no Change of Control shall be deemed to occur if (i) a Person that has substantial experience as an owner or operator of at least 500 MW of wind electric-generating
facilities directly or indirectly Controls Continental Wind Holding as a result of such transaction and (ii) a Ratings Reaffirmation has been obtained in connection with such transaction; or (b) Continental Wind Holding shall cease to own
and control, directly, 100% of the voting power of the Voting Stock and economic interests of the Company or (c) the Company shall cease to own and control, directly, 100% of the voting power of the Voting Stock and economic interests of each
Project Company; provided, that a recapitalization made in accordance with the Tax Equity Option Agreement shall under no circumstances be deemed to result in a Change of Control. 

“Clearstream” means Clearstream Banking, S.A. (or any successor securities clearing agency). 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” means all assets, rights, interests and other property in or upon which a security interest or Lien is or is
purported to be granted to the Collateral Agent for the benefit of the Secured Parties pursuant to the Security Documents. 

“Collateral Agent” means Wilmington Trust, National Association, in its capacity as “Collateral Agent” under the
Intercreditor Agreement and the Security Documents, and any successor thereto in such capacity. 
 “Collection Expenses”
means all reasonable out-of-pocket costs or expenses (if any) and, if applicable, reasonable transaction costs (including reasonable legal and accounting fees and expenses, and taxes paid or payable as a result thereof), incurred or reasonably
anticipated to be incurred by the Company in connection with the collection, enforcement, negotiation, consummation, settlement, proceedings, administration or other activity related to the receipt or collection of the relevant proceeds, as
applicable. 
 “Commodity Hedge Agreement” means any agreement (including each confirmation entered into pursuant to any
master agreement) providing for any swap, cap, collar, put, call, floor, future, option, spot, forward, power purchase and sale agreement (including heat rate options), tolling agreement, fuel purchase and sale agreement, emissions credit purchase
or sale agreement, power transmission agreement, fuel transportation agreement, fuel storage agreement, energy management agreement, netting agreement or similar agreement entered into in respect of any commodity, whether physical or financial, and
any agreement (including any guarantee, credit sleeve or similar arrangement) providing for credit support for the foregoing. 

  
 8 

 “Company” means Continental Wind, LLC, and any and all successors thereto. 

“Company Entities” means the Company and each Project Company. 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment
Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of a comparable maturity to the remaining term of such Notes. 
 “Comparable Treasury Price” means, with
respect to any redemption date (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotation or (2) if the Quotation Agent obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Consent” means
(a) each consent and agreement with respect to each Major Project Contract set forth on Schedule C hereto in effect as of the Issue Date, in form and substance reasonably satisfactory to the Administrative Agent and (b) with respect to any
Replacement Project Contract and any other applicable Additional Major Project Contract, a consent and agreement of each party to such agreement (in each case, other than any Project Company), substantially in the form attached hereto as Exhibit
E, with such modifications as may be reasonably acceptable to the Administrative Agent and the Collateral Agent or otherwise in a usual and customary form. 

“Continental Wind Holding” means Continental Wind Holding, LLC, a Delaware limited liability company, which, on the Issue
Date, owns all of the Equity Interests in the Company. 
 “continuing” means, with respect to any Default or Event of
Default, that such Default or Event of Default has not been cured or waived. 
 “Control” of Continental Wind Holding by a
Person shall mean that such Person owns and controls, directly or indirectly, at least 50.1% of (i) the economic interests in Continental Wind Holding and (b) the voting power of the Voting Stock (whether by committee, contract or
otherwise) of Continental Wind Holding. “Controlled” shall have the correlative meaning. 
 “Control
Agreement” means any account control agreement entered into to establish “control” (within the meaning of the UCC) over any account established by the Company or any Project Company as permitted by the Financing Documents and
required to be subject to the Lien of the Collateral Agent pursuant to the Financing Documents, in substantially the same form as those entered into on or prior to the Issue Date or otherwise in form and substance reasonably satisfactory to the
Collateral Agent. 
 “Corporate Trust Office of the Trustee” will be at the address of the Trustee specified in
Section 12.01 hereof or such other address as to which the Trustee may give notice to the Company. 
 “Credit
Facilities” means the LC Facility and the Working Capital Facility. 
 “Credit Facilities Agreement” means the
Credit Agreement, dated as of September 30, 2013, among the Company, the Note Guarantors, the Lenders, the Administrative Agent and the other agents party thereto. 

“Credit Facilities Documents” means the Credit Facilities Agreement and the other “Loan Documents” as defined
therein. 

  
 9 

 “Credit Facilities Obligations” means all Obligations of the Company under the
Credit Facilities Documents. 
 “Credit Facilities Prepayment Account” means the Credit Facilities Prepayment Account so
designated, established and created by the Depositary Agent pursuant to the Depositary Agreement. 
 “Custodian” means the
Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto. 
 “Debt Service” means,
for the Company and for any period, all obligations for principal and interest payments and any fees, expenses or other charges, including Fees and Agent Fees, due or payable under the Financing Documents in such period. 

“Debt Service Coverage Ratio” means, for any period, the ratio of (a) Cash Flow Available for Debt Service for such
period to (b) Debt Service for such period. 
 “Debt Service Reserve Account” means the Debt Service Reserve Account
so designated, established and created by the Depositary Agent pursuant to the Depositary Agreement. 
 “Debt Service Reserve
Requirement” means (a) on the Issue Date, $32,242,655, and (b) for each Quarterly Payment Date after the Issue Date, the amount equal to the sum of $5.0 million and the scheduled principal, interest and fees due and payable
under the Financing Documents for the following six-month period (but excluding the principal amount of LC Loans and Working Capital Loans). 

“Default” means any event or condition that, with the passage of time or the giving of notice or both would be, an Event of
Default. 
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in
accordance with Section 2.06 hereof, substantially in the form of Exhibit A1 hereto, except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global
Note” attached thereto. 
 “Depositary” means, with respect to the Notes issuable or issued in whole or in part in
global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this
Indenture. 
 “Depositary Agent” means the depositary agent, bank and securities intermediary under the Depositary
Agreement, together with its successors and permitted assigns in such capacities. 
 “Depositary Agreement” means the
Depositary Agreement, dated as of the Issue Date, among the Company, the Note Guarantors, the Trustee, the Administrative Agent, the Collateral Agent, the Depositary Agent and each other Person party thereto from time to time. 

“Discretionary Capital Expenditures” means any Capital Expenditures (other than Required Capital Expenditures, Emergency
Capital Expenditures and Capital Expenditures financed with the proceeds of Equity Contributions made to the Company) incurred or expended in connection with any modification, alteration, addition or improvement to any Project that a Company Entity
considers necessary or desirable in the proper conduct of its business and is not expressly prohibited under the Financing Documents. 

  
 10 

 “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms
of any security into which it is convertible, or for which it is exchangeable, in each case, at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or redeemable at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock
that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the Company or any Project Company to repurchase such Capital Stock upon the occurrence of a Change of Control or an asset sale will
not constitute Disqualified Stock if the terms of such Capital Stock provide that neither the Company nor any Project Company may repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies
with Section 4.05 hereof. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Indenture will be the maximum amount that the Company or any Project Company may become obligated to pay upon the maturity of,
or pursuant to any mandatory redemption provisions of, such Disqualified Stock, exclusive of accrued dividends. 
 “Distribution
Suspense Account” means the Distribution Suspense Account so designated, established and created by the Depositary Agent pursuant to the Depositary Agreement. 

“Distribution Suspense Period” means any period of eight consecutive Quarterly Payment Dates on which the Distribution
Conditions for making a Restricted Payment have not been satisfied or waived. 
 “DTC” means The Depository Trust Company
and its nominees and successors. 
 “Easements” means the easements appurtenant, easements in gross, license agreements,
lease agreements and other rights running in favor of the Company, any Note Guarantor and/or appurtenant to any Project Site, including, without limitation, those certain easements, leases and licenses insured in the Title Policies. 

“Echo II Wind Project” means the approximately 20 MW wind-powered electrical generation facility owned by Four Corners and
Four Mile Canyon, located in Morrow and Umatilla County, Oregon, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site and all other equipment and property leased or owned
by Four Corners and Four Mile Canyon and attached to or placed upon the related Project Site or used in connection with the operation of the Echo II Wind Project. 

“Emergency Capital Expenditures” means those Capital Expenditures believed by the Company or the applicable Project Company
in its good faith judgment to be required to be expended as a result of the occurrence of an unanticipated event in order to prevent or mitigate an emergency situation involving endangerment of life, human health, safety or the environment or damage
to Property; provided that such expenditures shall be in an aggregate amount not to exceed $10.0 million in any consecutive 12-month period. 

“Eminent Domain Proceeds” means the Net Available Amount in respect of any Event of Eminent Domain. 

“Environment” means ambient and indoor air, surface water and groundwater (including potable water, navigable water and
wetlands), the land surface or subsurface strata or sediment, and all other environmental media, and natural resources, including flora and fauna, including birds and bats, or as otherwise defined in any Environmental Law. 

  
 11 

 “Environmental Attributes” means renewable energy credits, “green
tags,” and any and all other current or future credits, benefits, emissions reductions, offsets or allowances, howsoever entitled, named, registered, created, measured, allocated or validated (A) that are at any time recognized or deemed
of value, or both, by any buyer, applicable law, or any voluntary or mandatory program of any Governmental Authority or other Person and (B) that are attributable to (i) generation by a Project and (ii) the emissions or other
environmental characteristics of such generation or its displacement of conventional or other types of energy generation through the avoidance of environmental impacts on air, soil or water, including but not limited to the emission of any oxides of
nitrogen, sulfur or carbon or of mercury, or other gas or chemical, soot, particulate matter or other substances. Environmental Attributes include without limitation any of the aforementioned arising out of legislation or regulation concerned with
oxides of nitrogen, sulfur, carbon, or any other greenhouse gas or chemical compound, particulate matter, soot, or mercury, or implementing the UNFCCC, the Kyoto Protocol to the UNFCCC, or any similar international, federal, state or local program
or crediting “early action” with a view thereto, or laws or regulations involving or administered by the Clean Air Markets Division of the Environmental Protection Agency or successor administrator or any state or federal entity given
jurisdiction over a program involving transferability of environmental attributes or the right of the owner to report to any federal, state, or local agency, authority or other party that the owner owns the environmental attributes associated with
the energy output from any Project. Environmental Attributes specifically exclude (i) investment tax credits, any local, state or federal production tax credits, depreciation deductions or other tax credits providing a tax benefit any Person
based on ownership or a security interest in a Project or Project Company, or energy production from any portion of a Project, including any investment or production tax credit expected to be available with respect to a Project,
(ii) depreciation deductions and depreciation benefits, and other tax benefits arising from ownership or operation of a Project, and (iii) cash grants or other financial incentives from any local, state or federal government available with
respect to a Project. 
 “Environmental Law” means, collectively, all federal, state or local laws, including common law,
statutes, ordinances, regulations, rules, codes, orders, judgments or other requirements or rules of law governing (a) the prevention, abatement or elimination of pollution, or the protection of the Environment, natural resources or human
health or safety, or natural resource damages and (b) the use, generation, handling, treatment, storage, Release, transportation or regulation of, or human exposure to, Hazardous Materials, including the Comprehensive Environmental Response,
Compensation and Liability Act, 42 U.S.C. §§ 9601 et seq., the Endangered Species Act, 16 U.S.C. §§ 1531 et seq., the Solid Waste Disposal Act, as amended by the Resource Conservation
and Recovery Act, 42 U.S.C. §§ 6901 et seq., the Clean Air Act, 42 U.S.C. §§ 7401 et seq., the Clean Water Act, 33 U.S.C. §§ 1251 et seq., the Toxic
Substances Control Act, 15 U.S.C. §§ 2601 et seq., the Emergency Planning and Community Right to Know Act, 42 U.S.C. §§ 11001 et seq.; the National Environmental Policy Act,
42 U.S.C. §§ 4321 et. seq.; the Migratory Bird Treaty Act, 16 U.S.C. §§ 703 et. seq.; and the Bald and Golden Eagle Protection Act, 16 U.S.C. §§ 668
et. seq., each as amended, and their state or local counterparts or equivalents. 
 “Equity Contribution” means
any amount contributed as equity to the Company by the Sponsor or Continental Wind Holding or any Affiliate thereof. 
 “Equity
Interests” means, for any Person, any and all shares, interests, rights to purchase, warrants, options, participation or other equivalents of or interests in (however designated) equity of such Person, including any preferred equity
interests, any limited or general partnership interest and any limited liability company membership interest. 
 “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended. 

  
 12 

 “ERISA Affiliate” means any trade or business (whether or not incorporated)
that, together with any Note Guarantor, is treated as a single employer under Section 414 of the Code. 
 “Escrow
Accounts” means any escrow accounts established by one or more of the Project Companies in connection with a cash deposit required pursuant to a Project Contract and contemplated in part (5) of the definition of Permitted Liens. 

“Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear system (or any successor securities clearing
agency). 
 “Event of Abandonment” means, with respect to a Project, (i) the Company or the applicable Project Company
shall willfully and voluntarily cause a permanent suspension or cessation of the operation of such Project, or (ii) the operation of any Project shall be permanently suspended or ceased for a period of (x) in the case of each of the
Harvest II Wind Project, the Beebe Wind Project, the Michigan Wind II Project, the Whitetail Wind Project and the Shooting Start Wind Project, at least 30 consecutive days for any reason (other than force majeure) or (y) in the case of
any other Project, at least 60 consecutive days for any reason (other than force majeure); provided that, in each case, none of (A) scheduled maintenance of any Project, (B) repairs to any Project, whether or not scheduled,
or (C) a forced outage or scheduled outage of any Project shall constitute abandonment or suspension of such Project so long as the Company or the applicable Project Company is diligently attempting to end such suspension. 

“Event of Default” has the meaning specified in Section 6.01 hereof. 

“Event of Eminent Domain” means any (a) taking, seizure, confiscation, requisition, exercise of rights of eminent
domain, public improvement, condemnation or similar action of or proceeding by any Governmental Authority of all or any material portion of the Collateral or any Project or (b) action (or series of related actions) by which such Governmental
Authority assumes custody or control of (i) all or any portion of any Project, (ii) the business operations of the Company or any Project Company or (iii) any Equity Interests in the Company or any Project Company, in each case, that
is reasonably anticipated to last for more than 90 consecutive days. 
 “EWG” means an “exempt wholesale
generator” as such term is defined in Section 1262 of PUHCA. 
 “Exchange Act” means the Securities Exchange Act
of 1934, as amended. 
 “Extraordinary Proceeds Account” means the Extraordinary Proceeds Account so designated,
established and created by the Depositary Agent pursuant to the Depositary Agreement. 
 “Fair Market Value” means the
value that would be paid by a willing buyer to an unaffiliated willing seller in a transaction not involving distress or necessity of either party, determined in good faith by the Board of Directors of the Company (unless otherwise provided in this
Indenture). 
 “Fees” means the commitment fees, letter of credit participation fees and any other similar fees (other than
the Agent Fees) owing under any Financing Document. 
 “FERC” means the Federal Energy Regulatory Commission and its
successors. 
 “Financial Officer” means, for any Person, the chief financial officer, principal accounting officer,
treasurer, assistant treasurer or controller of such Person. 

  
 13 

 “Financing Documents” means the Credit Facilities Documents and/or any
Replacement Credit Facilities Documents, as applicable, the Note Documents, the Intercreditor Agreement and the Tax Equity Option Agreement. 

“Financing Entity” means the Company Entities and Continental Wind Holding. 

“Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 

“Fiscal Year” means the fiscal year of the Company ending on December 31 of each calendar year. 

“Fitch” means Fitch Ratings and its successors. 

“Foreign Benefit Arrangement” means any employee benefit arrangement mandated by non-U.S. law that is maintained or
contributed to by the Company or any Note Guarantor. 
 “Foreign Plan” means each employee benefit plan (within the meaning
of Section 3(3) of ERISA, whether or not subject to ERISA) that is not subject to U.S. law and is maintained or contributed to by the Company or any Note Guarantor. 

“Foreign Plan Event” means, with respect to any Foreign Benefit Arrangement or Foreign Plan, (a) the failure to make or,
if applicable, accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Benefit Arrangement or Foreign Plan, (b) the failure to register or loss of
good standing with applicable regulatory authorities of any such Foreign Benefit Arrangement or Foreign Plan required to be registered, or (c) the failure of any Foreign Benefit Arrangement or Foreign Plan to comply with any material provisions
of applicable law and regulations or with the material terms of such Foreign Benefit Arrangement or Foreign Plan. 
 “Four
Corners” shall mean Four Corners Windfarm, LLC, a limited liability company organized and existing under the laws of the State of Oregon. 

“Four Mile Canyon” shall mean Four Mile Canyon Windfarm, LLC, a limited liability company organized and existing under the
laws of the State of Oregon. 
 “Funding Date” means any Business Day of each month occurring after the Issue Date, as
determined by the Company in the applicable Withdrawal Certificate; provided that (a) there shall only be a single Funding Date for any month, (b) if no earlier date is so determined for any month, the Funding Date shall be the last
day of such month and (c) for the months of February, May, August and November, the Funding Date shall be the last day of such month; provided, further that, in any event, if such day is not a Business Day, the Funding Date shall be the
immediately preceding Business Day. 
 “GAAP” means generally accepted accounting principles and practices as in effect
from time to time in the United States of America. 
 “Global Note Legend” means the legend set forth in
Section 2.06(g)(2) hereof, which is required to be placed on all Global Notes issued under this Indenture. 
 “Global
Notes” means, individually and collectively, each of the Restricted Global Notes and the Unrestricted Global Notes deposited with or on behalf of and registered in the name of the Depositary or its nominee, substantially in the form of
Exhibit A1 and A2 hereto and that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with Section 2.01, 2.06(b)(3),
2.06(b)(4), 2.06(d)(2) or 2.06(f) hereof. 

  
 14 

 “Global Services Agreement” means the Global Management Services Agreement by
and between the Company and the Sponsor, dated June 14, 2013. 
 “Government Securities” means direct obligations of
or obligations guaranteed by, the United States of America for the payment of which obligations or guarantee the full faith and credit of the United States is pledged and which have a remaining weighted average life to maturity of not more than
18 months from the date of Investment therein. 
 “Governmental Authority” means any federal, state or local court or
governmental agency, authority, commission, board, bureau, instrumentality or regulatory or legislative body or political subdivision thereof or any entity, officer or examiner exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to any government or court. 
 “Governmental Rule” means any law, statute, rule,
regulation, ordinance, order, code, treaty, judgment, decree, or any published directive or requirement which has the force of law, or other legally binding form of governmental restriction or decision of any Governmental Authority binding on any
given Person or any Project, as the context may require. 
 “Grantor” means the Company and each Note Guarantor. 

“Greensburg” means Greensburg Wind Farm, LLC, a limited liability company organized and existing under the laws of the State
of Delaware. 
 “Greensburg Wind Project” means the approximately 12.5 MW wind powered electric generating facility owned
by Greensburg, located in Kiowa County, Kansas, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site and all other equipment and property leased or owned by Greensburg and
attached to or placed upon the related Project Site or used in connection with the operation of the Greensburg Wind Project. 

“Guarantee” means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of
business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness (whether arising by virtue of
partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or otherwise). 

“Harvest” means Harvest Windfarm, LLC, a limited liability company organized and existing under the laws of the State of
Michigan. 
 “Harvest SFA and Related Agreements” means the Shared Facilities Agreement, dated January 1, 2012, by and
between Harvest and Harvest II and related agreements regarding real estate rights consistent with the terms of such Shared Facilities Agreement so long as such agreements do not materially adversely interfere with, or have a material adverse impact
on, the operation, maintenance or development of the Harvest Wind Project or the Harvest II Wind Project, as applicable. 
 “Harvest
Wind Project” means the approximately 52.8 MW wind-powered electrical generation facility owned by Harvest, located in Huron County, Michigan, including the related Project Site, and the turbines, facilities, structures and improvements
erected on the related Project Site and all other equipment and property leased or owned by Harvest and attached to or placed upon the related Project Site or used in connection with the operation of the Harvest Wind Project. 

  
 15 

 “Harvest II” means Harvest II Windfarm, LLC, a limited liability company
organized and existing under the laws of the State of Delaware. 
 “Harvest II Wind Project” means the approximately 59.4
MW wind-powered electrical generation facility owned by Harvest II, located in Huron County, Michigan, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site and all other
equipment and property leased or owned by Harvest II and attached to or placed upon the related Project Site or used in connection with the operation of the Harvest II Wind Project. 

“Hazardous Materials” means all pollutants, contaminants, wastes, chemicals, materials, substances and constituents,
including explosive or radioactive substances or petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls or radon gas, of any nature, in each case to the extent subject to regulation or for which
liability can be imposed under any Environmental Law. 
 “Hedging Obligations” means, with respect to any specified Person,
the obligations of such Person under: 
 (1) interest rate swap agreements (whether from fixed to floating or from floating
to fixed), interest rate cap agreements and interest rate collar agreements; 
 (2) other agreements or arrangements designed
to manage interest rates or interest rate risk; and 
 (3) other agreements or arrangements designed to protect such Person
against fluctuations in currency exchange rates or commodity prices, including Commodity Hedge Agreements. 
 “High Mesa”
means High Mesa Energy, LLC, a limited liability company organized and existing under the laws of the State of Idaho. 
 “High Mesa
Wind Project” means the approximately 39.9 MW wind-powered electrical generation facility owned by High Mesa, located in Elmore and Twins Falls Counties, Idaho, including the related Project Site, and the turbines, facilities, structures
and improvements erected on the related Project Site and all other equipment and property leased or owned by High Mesa and attached to or placed upon the related Project Site or used in connection with the operation of the High Mesa Wind Project.

 “High Mesa RECs” means any renewable energy credits generated by the High Mesa Wind Project or any proceeds from the
sale of such renewable energy credits. 
 “Holder” means, with respect to any Note, the Person in whose name such Note is
registered on the Registrar’s books. 
 “Holding Pledge Agreement” means the Pledge Agreement, dated as of the Issue
Date, between Continental Wind Holding and the Collateral Agent. 

  
 16 

 “Hot Springs” means Hot Springs Windfarm, LLC, a limited liability company
organized and existing under the laws of the State of Idaho. 
 “Incremental LC Facility” means an increase in the
commitments under the LC Facility (including by creating a new tranche under the Credit Facilities Agreement) or under any letter of credit facility under any Replacement Credit Facility, in an aggregate principal amount outstanding at any time not
to exceed $25.0 million, which increase is to be used solely for purposes of issuing letters of credit to support the security obligations of the Project Companies under Permitted Commodity Hedge Agreements; provided that the following
conditions are satisfied: (i) such Incremental LC Facility is incurred after the fourteenth anniversary of the Issue Date, (ii) such Incremental LC Facility will be on terms and conditions (excluding pricing and fee provisions) not less
favorable to the Company than the LC Facility in any material respect, (iii) both immediately before and after giving effect to the incurrence of such Incremental LC Facility, no Default or Event of Default shall have occurred and be
continuing, (iv) after updating the Base Case Projections to give pro forma effect to (x) the incurrence of such Incremental LC Facility (assuming a full drawing under the commitments thereunder) and (y) contracted revenues from
Permitted Commodity Hedge Agreements payable or reasonably anticipated to be payable to the Project Companies, the minimum Projected Debt Service Coverage Ratio for each period of six consecutive months commencing from the date of such incurrence
(including the remainder of the fiscal year during which such date occurs) through the Maturity Date (calculated using one year P90 energy production assumptions), will be at least equal to the lesser of (1) 1.4:1.0 and (2) such minimum
Projected Debt Service Coverage Ratios calculated immediately prior to giving effect to such Incremental LC Facility and Permitted Commodity Hedge Agreements and (v) the Company shall have delivered to the Trustee, no less than five Business
Days prior to the incurrence of such Incremental LC Facility, a certificate of a Responsible Officer of the Company certifying and showing (in reasonable detail and with appropriate calculations and computations, where applicable, in all respects
reasonably satisfactory to the Administrative Agent) that the conditions set forth in clauses (iii) and (iv) above in connection with the incurrence of such Incremental LC Facility have been satisfied. 

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person (excluding accrued expenses and
trade payables), whether or not contingent: 
 (1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments; 

(3) in respect of letters of credit, banker’s acceptances or other similar instruments (or reimbursement agreements in
respect thereof); 
 (4) representing Capital Lease Obligations; 

(5) representing the balance deferred and unpaid of the purchase price of any property or services due more than 60 days
after such property is acquired or such services are completed; or 
 (6) representing any Hedging Obligations, 

if and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the
specified Person) and, to the extent not otherwise included, the Guarantee by the specified Person of any Indebtedness of any 

  
 17 

 
other Person. Indebtedness shall be calculated without giving effect to the effects of Statement of Financial Accounting Standards No. 133 and related interpretations to the extent such
effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Indenture as a result of accounting for any embedded derivatives created by the terms of such Indebtedness. 

“Indenture” means this Indenture, as amended, supplemented or otherwise modified from time to time. 

“Independent Auditors” means PricewaterhouseCoopers LLP, or another nationally recognized accounting firm. 

“Independent Consultants” means the Independent Engineer and Moore McNeil Inc., or another nationally recognized insurance
consultant appointed in accordance with the applicable Financing Documents, as insurance consultant for the Secured Parties. 

“Independent Engineer” means DNV KEMA Renewables Inc., or another nationally recognized engineering consultant appointed in
accordance with the applicable Financing Documents. 
 “Independent Investment Banker” means one of the Reference Treasury
Dealers appointed by the Company. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note
through a Participant. 
 “Initial Amortization Payment Date” means February 28, 2014. 

“Initial Purchasers” means RBS Securities Inc., Barclays Bank PLC and Citigroup Global Markets Inc. and co-managers. 

“Insurance Proceeds” means all Net Available Amounts in respect of any property or casualty insurance policy (other than
proceeds of business interruption insurance or service interruption coverage) covering the Projects. 
 “Interconnection
Agreements” means any Project Contract entered into by any Project Company with a transmission provider providing for the electrical interconnection of a Project into the relevant transmission system serving such Project, including in each
case those portions of any agreement for the sale of energy and/or capacity from a Project, which provides for such interconnection. 

“Intercreditor Agreement” means the Collateral Agency and Intercreditor Agreement, dated as of the Issue Date among the
Company, Continental Wind Holding, the other Note Guarantors, the Administrative Agent, the Trustee, the Collateral Agent and the other Persons party thereto from time to time. 

“Investment” by any Person means any direct or indirect loan, advance or other extension of credit or capital contribution to
(by means of transfers of cash or other Property to others or payments for Property or services for the account or use of others, or otherwise), or purchase or acquisition of Capital Stock, bonds, notes, debentures or other securities or evidence of
Indebtedness issued by, any other Person, and any Capital Expenditures. 
 “Issue Date” means September 30, 2013, the
date of issuance of the Notes under this Indenture. 

  
 18 

 “LC Facility” means the $131.0 million letter of credit and reimbursement
facility entered into by the Company on the Issue Date under the Credit Facilities Agreement. 
 “LC Loan” means “LC
Loans” (or similar term) as defined in the Credit Facilities Agreement or any Replacement Credit Facilities Agreement, as applicable. 

“Legal Requirements” means, as to any Person, any requirement under a Permit and any Governmental Rule, in each case
applicable to or binding upon such Person or any of its properties or to which such Person or any of its properties is subject. 

“Lenders” means “Lenders” (or similar term) as defined in the Credit Facilities Agreement or any Replacement Credit
Facilities Agreement, as applicable. 
 “Letters of Credit” means “Letters of Credit” (or similar term) as
defined in the Credit Facilities Agreement or any Replacement Credit Facilities Agreement, as applicable. 
 “Lien” means,
with respect to any asset, (a) any mortgage, deed of trust, lien, hypothecation, pledge, encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital
lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset, and (c) in the case of securities, any purchase option, call or similar right of a third
party with respect to such securities. For certainty, “Lien” shall not include any netting or set-off arrangements under any contract, agreement or other undertaking that is otherwise permitted to be entered into by the Company or any
Project Company in accordance with the Financing Documents. 
 “Loans” means, collectively, LC Loans and Working Capital
Loans and any other “Loans” (or similar term) as defined in the Credit Facilities Agreement or any Replacement Credit Facilities Agreement, as applicable. 

“Local Account” means one or more “local checking account(s)” or similar account(s) to be established by the
Company or any Project Company at their respective election, which account(s) shall be subject to the Lien of the Collateral Agent pursuant to the Pledge and Security Agreement (and covered by a Control Agreement) but to which the Company or such
Project Company shall have at all times, other than during a Trigger Event, full access and signing authority for the purpose of writing checks or wiring funds for the payment of O&M Costs between Funding Dates; provided that the
aggregate amount on deposit in all Local Accounts at any time shall not exceed $10.0 million. 
 “Loss Event” means
any Casualty Event or Event of Eminent Domain, as the context requires. 
 “Loss Proceeds” mean, individually and
collectively, Insurance Proceeds and Eminent Domain Proceeds. 
 “Loss Proceeds Account” means the Loss Proceeds Account,
so designated, established and created by the Depositary Agent pursuant to the Depositary Agreement. 
 “Major PPA” means
each Power Purchase Agreement entered into with respect to output of the Harvest II Wind Project, the Beebe Wind Project, the Michigan Wind II Project, the Whitetail Wind Project and the Shooting Star Wind Project. 

“Major Project Contracts” means the Power Purchase Agreements; the Interconnection Agreements; the Warranty Agreements (but
as to each such Warranty Agreement, only to the extent any 

  
 19 

 
warranty obligations remain in full force and effect thereunder); the O&M Agreements; the Global Services Agreement; the Real Estate Documents; the Wildcat Sale Leaseback Documents; the
Permitted Co-Tenancy Agreements; the Permitted Commodity Hedge Agreements; the PTC Offtake Agreement; and each Guarantee supporting the obligations of any Major Project Party that is a party to any of the foregoing documents, in each
case which are either (i) in existence on the Issue Date and identified on Schedule A hereto (except in the case of the Real Estate Documents) or (ii) entered into following the Issue Date and constitutes a Replacement Project
Contract or an Additional Major Project Contract, in each such case only prior to such agreement’s expiration in accordance with its terms or full performance by the parties thereto of their respective obligations thereunder (other than with
respect to unidentified and unasserted indemnity claims which by the terms of such agreement survive the expiration or termination thereof). 

“Major Project Party” means each party to a Major Project Contract other than any Company Entity. 

“Make-Whole Amount” means, with respect to any Notes to be redeemed on any redemption date, an amount as of such date equal
to the excess, if any, of (a) the sum of the present value of the remaining scheduled payments of principal of and interest thereon (but excluding that portion of any scheduled installment of principal or payment of interest that is actually
due and paid on the redemption date) in respect of such Notes being redeemed discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points, over
(b) the unpaid principal amount of such Notes being redeemed; provided that the Make-Whole Amount may in no event be less than zero. 

“Material Adverse Effect” means a material adverse change in or a material adverse effect on (a) the business,
operations, properties, assets or condition (financial or otherwise) of the Company and the Note Guarantors (taken as a whole), (b) the ability of the Company or any Note Guarantor to fully and timely perform its obligations under any Financing
Document to which it is a party, (c) the legality, validity, binding effect or enforceability against the Company or any Note Guarantor of any Financing Document to which it is a party, or (d) the rights and remedies available to, or
conferred upon, the Trustee, the Collateral Agent or any other Secured Party under any Financing Document. 
 “Maturity
Date” means February 28, 2033. 
 “MBR Authority” means an order of FERC pursuant to Section 205 of the
Federal Power Act (a) authorizing the Company to sell electric energy, capacity and specified ancillary services at negotiated (market-based) rates, (b) accepting the Company’s market-based rate tariff under Section 205 of the
Federal Power Act and (c) granting the Company regulatory waivers and blanket authorizations as are customarily granted by FERC to persons with market-based rate authority, including blanket authorization under Section 204 of the Federal
Power Act to issue securities and assume liabilities. 
 “Michigan Wind II” means Michigan Wind 2, LLC, a limited liability
company organized and existing under the laws of the State of Delaware. 
 “Michigan Wind II Agreements” means a Shared
Facilities Agreement between Michigan Wind II and a neighboring wind farm substantially similar to the Harvest SFA and Related Agreements and agreements among the co-tenants contemplated therein with respect to the Michigan Wind II Project (and the
transactions contemplated thereby) so long as such agreements do not materially adversely interfere with, or have a material adverse impact on, (a) the operation, maintenance or development of the Michigan Wind II Project or (b) the
ability to obtain or maintain the Permits necessary or desirable for the operation, maintenance or development of the Michigan Wind II Project. 

  
 20 

 “Michigan Wind II Project” means the approximately 90 MW wind-powered electrical
generation facility owned by Michigan Wind II, located in Sanilac County and Huron County, Michigan, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site and all other
equipment and property leased or owned by Michigan Wind II and attached to or placed upon the related Project Site or used in connection with the operation of the Michigan Wind II Project. 

“Moody’s” means Moody’s Investors Service, Inc., a Delaware corporation, and its successors. 

“Mortgages” means each mortgage or deed of trust, to be dated as of the Issue Date, by each Project Company to the mortgagee
or trustee named therein for the benefit of the Collateral Agent (for the benefit of the Secured Parties), as the same may be replaced or modified as permitted under the Financing Documents. 

“Mountain Home Wind Project” means the approximately 42 MW wind-powered electrical generation facility owned by Bennett Creek
and Hot Springs, located in Elmore County, Idaho, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site and all other equipment and property leased or owned by Bennett Creek
and Hot Springs and attached to or placed upon the related Project Site or used in connection with the operation of the Mountain Home Wind Project. 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the
Company or any ERISA Affiliate makes or is obligated to make contributions. 
 “Necessary Project Permit” means as of any
date of determination, any Permit (including any environmental, regulatory or other Permit) that is necessary under Legal Requirements applicable to the Company or any Project Company, or that is otherwise necessary under any of the Financing
Documents and the Major Project Contracts, to be obtained by or on behalf of the Company or any Project Company at such time, in light of the stage of ownership or operation of any Project, in each case in order for the Company or the Project
Companies to operate, maintain, repair, own, lease or use the Projects as contemplated by the Financing Documents and the Major Project Contracts, including the ability to sell Power or Environmental Attributes from or deliver inputs to the
Projects, or for the Company or any Project Company to consummate and/or perform any of the Major Project Contracts or any obligation contemplated in any of the Financing Documents or any of the Major Project Contracts. 

“Net Available Amount” means, with respect to any proceeds received by the Company or any Project Company, such proceeds net
of the related Collection Expenses. 
 “Non-U.S. Person” means a Person who is not a U.S. Person. 

“Note Documents” means the Notes, this Indenture and the Security Documents. 

“Note Guarantee” means, individually, each Guarantee of payment of the Notes by Continental Wind Holding or a Project Company
pursuant to the terms of Article 5 hereof, and collectively, all such Guarantees. 
 “Note Guarantors” means
Continental Wind Holding and each Project Company. 
 “Note Obligations” means all Obligations of the Company under the
Note Documents. 

  
 21 

 “Note Redemption Account” means the Note Redemption Account so designated,
established and created by the Depositary Agent pursuant to the Depositary Agreement. 
 “Notes” has the meaning assigned
to it in the preamble to this Indenture. The Notes shall be treated as a single class for all purposes under this Indenture. 

“Obligation” means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities
payable under the documentation governing any Indebtedness. 
 “Offering Memorandum” means the confidential offering
memorandum, dated September 23, 2013, relating to the initial offering of the Notes. 
 “Officer” means, with respect
to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, any Vice-President or any other
officer of such Person that serves a similar function to any of the foregoing. 
 “Officer’s Certificate” means a
certificate signed on behalf of the Company or a Note Guarantor by an Officer of the Company or such Note Guarantor, who must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of
the Company or such Note Guarantor or any other officer that serves a similar function to any of the foregoing. 
 “O&M
Account” means the O&M Account so designated, established and created by the Depositary Agent pursuant to the Depositary Agreement. 

“O&M Agreements” means agreements entered into between a Project Company and the supplier or manufacturer of wind
turbines and related equipment (or an affiliate thereof) for the performance of maintenance activities and related services. 

“O&M Costs” means all actual cash operation, maintenance and administrative costs relating to the Projects or any portion
thereof, or required in connection with satisfying a Legal Requirement (but only such costs as are required to satisfy such Legal Requirement), incurred or payable by the Company or any Project Company in any particular calendar or Fiscal Year or
other period to which said term is applicable, including: 
 (a) amounts payable by the Company and the Project Companies
under the Project Contracts (but excluding all amounts payable by the Company and the Project Companies under Project Contracts with amounts on deposit in another Project Account (other than the O&M Account or the O&M Reserve Account or,
solely with respect to payments made to Persons that are not affiliates of the Company Entities, the Distribution Suspense Account), pursuant to the Depositary Agreement), site leasing and preparation costs and transportation costs incurred in
connection with the sale of products or otherwise to satisfy obligations under the PPAs or any other Project Contract; 
 (b)
Taxes other than those based upon the Company’s or any Project Company’s income, including franchise and excise taxes; 

(c) employee salaries, wages and other employment and labor-related costs; 

(d) costs incurred to procure insurance, consumables, spare parts, equipment, materials, utilities, repair and maintenance
services and payments under any parts agreement; 

  
 22 

 (e) reasonable general administrative costs, including legal, accounting and
consulting fees and expenses, incurred by the Company or any Project Company in connection with the financing, management, operation or maintenance of the Projects (other than amounts constituting scheduled Debt Service and voluntary and mandatory
redemption and prepayments under the Financing Documents); 
 (f) fees and costs paid in connection with obtaining,
transferring, maintaining or amending any Permits relating to the Projects; 
 (g) reasonable expenses to keep the Collateral
free and clear of all Liens (other than Permitted Liens); 
 (h) Required Capital Expenditures and Emergency Capital
Expenditures; 
 (i) Collection Expenses incurred in connection with a Loss Event, to the extent amounts therefor are
deposited into the Revenue Account; and 
 (j) payments to (A) direct or indirect owners of the Company for
administrative expenses charged at cost, pursuant to the Global Services Agreement, or charged at such other amount as required by law or regulation, not to exceed $3.0 million (increased annually based on the consumer price index for each
subsequent Operating Year (as defined in the Global Services Agreement)) in the aggregate per Fiscal Year and (B) any Affiliate of any Company Entity pursuant to the agreements referred to in clauses (7), (8), (9), (12), (13), (14), (16),
(18) or (19) of Section 4.09 hereof or pursuant to any other agreement entered into after the Issue Date in compliance with Section 4.09 to the extent the payments made thereunder made by any Company Entity to such Affiliate
would otherwise constitute an O&M Cost pursuant to any other clause of this definition. 
 Notwithstanding the foregoing, O&M Costs shall not
include (i) distributions or payments of any kind to any Affiliate of the Company or any Project Company (other than as described in clause (j) above), (ii) non-cash charges, including depreciation or obsolescence charges or reserves
therefor, amortization of intangibles or other bookkeeping entries of a similar nature, (iii) Capital Expenditures other than Required Capital Expenditures and Emergency Capital Expenditures, (iv) Debt Service and (v) payments
expressly contemplated herein to be made with proceeds on deposit in a Project Account other than the O&M Account or the O&M Reserve Account (or, solely with respect to payments made to Persons that are not affiliates of the Company
Entities, the Distribution Suspense Account, in accordance with the Depositary Agreement) or in a Local Account. 
 “O&M Reserve
Account” means the O&M Reserve Account so designated, established and created by the Depositary Agent pursuant to the Depositary Agreement. 

“O&M Reserve Requirement” means, as of any Quarterly Payment Date, the amount equal to the total O&M Costs scheduled
to be due and payable under the then current Annual Operating Budget within six months after such Quarterly Payment Date. 

“Opinion of Counsel” means a written opinion reasonably acceptable to the Trustee from legal counsel (which Opinion of
Counsel may be subject to customary assumptions and exclusions). The counsel may be an employee of or counsel to any Company Entity, any Secured party or any of their respective Affiliates. 

“Parent” means Exelon Corporation, a Pennsylvania corporation. 

  
 23 

 “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a
Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Pension Plan” means any Plan subject to the provisions of Title IV of ERISA or Section 412
of the Code or Section 302 of ERISA. 
 “Permits” means any and all franchises, licenses, leases, permits, approvals,
notifications, certifications, registrations, authorizations, acceptances, exemptions, qualifications, easements, rights of way, Liens and other rights, privileges and approvals required to be obtained from a Governmental Authority under any
Governmental Rule. 
 “Permitted Asset Sale” has the meaning set forth within the definition of “Asset Sale”.

 “Permitted Commodity Hedge Agreements” means any Commodity Hedge Agreement entered into from time to time with respect
to a Project by the applicable Project Company, entered into not for speculative purposes and only with respect to any period during which no PPA with respect to such Project is in effect, provided that the following conditions are satisfied:
(i) the collateral requirements under such Permitted Commodity Hedge Agreement can be satisfied by the issuance of Letters of Credit pursuant to the LC Facility or any Replacement Credit Facilities (including any Incremental LC Facility),
(ii) there is sufficient availability at the time such Permitted Commodity Hedge Agreement is entered into under the LC Facility or any Replacement Credit Facilities (including any Incremental LC Facility) to satisfy such additional collateral
requirements and (iii) the obligations of the applicable Project Company thereunder shall not be secured by any of the Collateral. 

“Permitted Co-Tenancy Agreements” means any co-tenancy agreements or shared facilities agreements in place between one or
more Project Companies and affiliates of the Company and set forth on Schedule B hereto. 
 “Permitted Liens” means:

 (1) subject to the terms, conditions and limitations set forth in the Intercreditor Agreement, Liens created pursuant to
the Security Documents (including in respect of any Replacement Credit Facility); 
 (2) Liens for any Tax not yet due and
payable or to the extent being contested and reserved against in accordance with the Financing Documents; 
 (3)
materialmen’s, mechanics’, workers’, repairmen’s, landlords’, carriers’, warehouseman’s, suppliers’, vendors’, employees’ or other like Liens, arising in the ordinary course of business or in
connection with the operation and maintenance of any Project, (i) that do not individually or in the aggregate materially detract from the value of such Project or materially impair the use of such Project or (ii) either for amounts not
yet due or for amounts being contested in good faith by appropriate proceedings, so long as such proceedings shall not involve any substantial danger of the sale, forfeiture or loss of such Project or the Project Site related to such Project, as the
case may be, and shall not interfere in any material respect with the use or disposition of such Project or the Project Site related to such Project, and (A) a bond or other security has been posted or provided in such manner and amount as to
assure that any amounts determined to be due will be promptly paid in full when such contest is determined or (B) adequate reserves have been provided therefor in accordance with GAAP; 

  
 24 

 (4) Liens arising out of judgments or awards so long as an appeal or proceeding
for review is being prosecuted in good faith and for the payment of which adequate reserves are established in accordance with GAAP or bonds or other security has been posted or provided in such manner and amounts as to assure that any amounts
determined to be due will be promptly paid in full when such contest is determined or are fully covered by insurance (other than deductibles); 

(5) Liens, deposits or pledges to secure statutory obligations or performance of bids, tenders, contracts (other than for the
repayment of borrowed money) or leases, or for purposes of like general nature in the ordinary course of its business, not to exceed $10.0 million in the aggregate at any time; 

(6) involuntary Liens as contemplated by the Financing Documents and the Project Contracts (including a Lien of an attachment,
judgment or execution) securing a charge or obligation on the property of the Company or any Project Company, either real or personal, whether now or hereafter owned in the aggregate sum of less than $10.0 million at any one time outstanding;

 (7) all exceptions scheduled in the Title Policies; 

(8) survey exceptions, easements, rights of way, licenses, leases, subleases, reservations of gas, water and mineral rights,
restrictions (including zoning restrictions), trackage rights, minor defects or irregularities in title, restrictions on use of real property and other encumbrances, title exceptions or liens that, in the aggregate, do not materially interfere with
the applicable Project Company’s use of the Property to which such Lien is attached; 
 (9) rights reserved for or
vested in any municipality or Governmental Authority to control or regulate the use of any Real Property or to use any Real Property in any manner, including zoning and land use regulations; 

(10) Liens arising by virtue of any statutory or common law provisions relating to bankers’ liens, rights of set off or
similar rights; 
 (11) Liens or pledges of deposits of cash securing deductibles, self-insurance, co-payment, co-insurance,
retentions or similar obligations to providers or property, casualty or liability insurance in the ordinary course of business; 

(12) purchase money Liens upon or in real property or equipment acquired or held by any Project Company in the ordinary course
of business securing the purchase price of such property or equipment or to secure Indebtedness incurred solely for the purpose of financing the acquisition, construction or improvement of any such property or equipment to be subject to such Liens,
or Liens existing on any such property or equipment at the time of acquisition (other than any such Liens created in contemplation of such acquisition that do not secure the purchase price), or extensions, renewals or replacement of any of the
foregoing for the same or a lesser amount; provided that no such Lien shall extend to or cover any property of the applicable Project Company other than the property or equipment being acquired, constructed or improved, and no such extension,
renewal or replacement shall extend to or cover any property not theretofore subject to the Lien being extended, renewed or replaced; provided further that the aggregate 

  
 25 

 
principal amount of the Indebtedness secured by Liens permitted by this clause, when taken together with Capitalized Lease Obligations secured by Liens permitted by clause (13), shall not
exceed $10.0 million in the aggregate at any time outstanding; 
 (13) Liens under capital leases that are Permitted
Indebtedness (to the extent such Liens attach only to the assets subject to the respective lease); provided that the aggregate principal amount of such Indebtedness, when taken together with Indebtedness secured by Liens permitted by
clause (12), shall not exceed $10.0 million in the aggregate at any time outstanding; 
 (14) Liens existing on the
date of this Indenture; 
 (15) filing of UCC financing statements as a precautionary measure in connection with operating
leases; 
 (16) Liens on cash or other property arising in connection with the defeasance, discharge or redemption of
Indebtedness; 
 (17) grants of software and other technology licenses in the ordinary course of business; 

(18) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered
into in the ordinary course of business; 
 (19) Liens not otherwise permitted hereunder so long as the aggregate outstanding
principal amount of the obligations secured thereby does not exceed $5.0 million at any one time; 
 (20) In the case of
any Project with respect to which the interests of the applicable Project Company in the underlying real estate consist (in whole or in part) of one or more leasehold, easement, subleasehold or subeasement interests: 

(i) the terms of each applicable lease, easement, sublease and/or subeasement; and 

(ii) Liens affecting the underlying fee interest in the real estate and/or any of the property of the lessor, grantor,
sublessor or subgrantor under the applicable lease, easement, sublease or subeasement (for example, but without limitation, any mortgages on the landlord’s fee interest in any real estate that is leased by a Project Company); and 

(iii) in the case of any Project with respect to which the interests of the applicable Project Company in the underlying real
estate consist (in whole or in part) of one or more subleasehold or subeasement interests, each applicable overlying lease or easement under which such subleasehold or subeasement interest was created, and any Liens affecting such overlying lease or
easement (or any interest therein); 
 (21) Liens which are bonded or insured over in a manner reasonably acceptable to the
Required Secured Parties; 
 (22) Liens pursuant to the Wildcat Sale Leaseback and the lease thereunder; 

(23) Liens pursuant to the Permitted Co-Tenancy Agreements and the Michigan Wind 2 Agreements; 

  
 26 

 (24) the Beebe 1B Agreements, the Beebe 2 Agreements and the Liens relating
thereto or arising therefrom; and 
 (25) Liens securing a charge or obligation on the Transmission Deposit Accounts so long
as the aggregate outstanding amount of the obligations secured thereby does not exceed the aggregate amount available in the Transmission Deposit Accounts at any time. 

“Person” means any natural person, corporation, business trust, joint venture, association, company, partnership, limited
liability company or government, individual or family trusts, or any agency or political subdivision thereof. 
 “Plan”
means any employee pension benefit plan (other than a Multiemployer Plan) that is maintained or is contributed to by the Company or any ERISA Affiliate and is covered by Title IV of ERISA or is subject to minimum funding standards under
Section 412 of the Code. 
 “Pledge and Security Agreement” means the Pledge and Security Agreement, dated as of the
Issue Date, among the Company, the Project Companies and the Collateral Agent. 
 “Power” means electric energy and related
products, including capacity, reactive power and ancillary services; provided, however, that the term “Power” shall specifically exclude any items included in the definition of Environmental Attributes. 

“Power Purchase Agreement” or “PPA” means any agreement for the sale of all or a portion of the energy,
capacity and/or ancillary services generated by a Project entered into by any Project Company from time to time. 
 “Pre-Closing
Lost Production Payment” means any payment for lost production pursuant to the [*] Letter Agreement which relates to periods prior to the Issue Date, which payments shall not be subject to the Lien of the Collateral Agent pursuant to the
Pledge and Security Agreement. 
 “Private Placement Legend” means the legend set forth in Section 2.06(f)(1) hereof
to be placed on all Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 

“Projects” means each of, or all of, as the context shall require, the Greensburg Wind Project, the Wildcat Wind Project, the
High Mesa Wind Project, the Harvest Wind Project, the Harvest II Wind Project, the Michigan Wind II Project, the Whitetail Wind Project, the Beebe Wind Project, the Echo II Wind Project, the Tuana Springs Wind Project, the Cassia Wind Project, the
Mountain Home Wind Project and the Shooting Star Wind Project. 
 “Project Accounts” has the meaning assigned to such term
in the Depositary Agreement. 
 “Project Company” means each of, or all of, as the context shall require, Greensburg,
Wildcat, Wildcat Finance, High Mesa, Harvest, Harvest II, Michigan Wind II, Whitetail, Beebe, Four Corners, Four Mile Canyon, Tuana Springs, Cassia Gulch, Cassia Wind, Bennett Creek, Hot Springs and Shooting Star. 

“Project Contract Termination Proceeds” means the Net Available Amount of any termination payments pursuant to any Project
Contract. 

  
 27 

 “Project Contracts” mean the Major Project Contracts and each other contract or
agreement related to the operation, maintenance, management, administration, ownership, lease or use of any Project, the sale of Power or Environmental Attributes therefrom, the provision of electricity, interconnection and other services therefor
and Real Property rights and interests relating to any Project, in each case, entered into by, or assigned to, the Company or any Project Company. 

“Project Revenues” means all revenues, interest, payments, cash and other proceeds from whatever source received by or on
behalf of the Company or any Project Company arising from the operations of the Projects including with respect to sales of Power under the PPAs and sales of Environmental Attributes, payments in respect of liquidated damages (including all
availability liquidated damages), other compensation payments or other amounts received under any Project Contract to which the Company or any Project Company is a party or otherwise, interest income to the extent deposited or to be deposited into
the Project Accounts, business interruption insurance proceeds, service interruption insurance proceeds (including pursuant to any Project Contract), other than any such amounts that are not required to be deposited into the Revenue Account pursuant
to the Depositary Agreement (it being acknowledged that any Loss Proceeds, any Project Contract Termination Proceeds, any Asset Sale Proceeds, any amounts and investments in the Transmission Deposit Accounts returned to the Company or any Project
Company, any Pre-Closing Lost Production Payments, all High Mesa RECs or any proceeds therefrom, any proceeds of Indebtedness for borrowed money and Equity Contributions, and any other amounts not required to be deposited into the Revenue Account,
shall not be Project Revenues). 
 “Project Site” means, with respect to any Project, the meaning assigned to the term
“Site” in the Mortgage to which the Project Company that owns such Project is a party. 
 “Projected Debt Service Coverage
Ratio” means as of any date of determination, the average projected Debt Service Coverage Ratio for the applicable period following such date, but without taking into account any revenues from the sale of energy, capacity or ancillary
services, Environmental Attributes or other output that are not contracted revenues. The Company shall determine the satisfaction of any Projected Debt Service Coverage Ratio based on projections (i) prepared in good faith by the Company based
on reasonable assumptions as to all factual matters material to the estimates set forth therein; (ii) are consistent in all material respects with any relevant provisions of the Financing Documents, the Major Project Contracts and the
then-current Annual Operating Budget and (iii) prepared upon the assumption that there will be no early redemption or prepayment of Indebtedness or that any Indebtedness which matures within the projected periods will be refinanced on
reasonable terms. 
 “Property” means any right or interest in or to property of any kind whatsoever, whether real,
personal or mixed and whether tangible or intangible. 
 “Prudent Operating Practices” means the practices, methods and
acts generally engaged in or approved by a significant portion of the wind electric power generation industry during the relevant time period and for the relevant size, type and location of the facility that, in the exercise of reasonable judgment
and actions in light of the applicable manufacturer’s recommendations and manufacturer’s warranties and the facts known or that reasonably should have been known at the time the decision was made, would reasonably have been expected to
accomplish the desired result of safe and reliable maintenance, operation and service at a reasonable cost such that the judgment and actions are consistent with good business practices, reliability, safety, expedition and contractual obligations
and in compliance with applicable Governmental Rules and Necessary Project Permits. Prudent Operating Practices are intended to consist of practices, methods or acts generally employed by reputable operators in the region where the applicable
Project is located, and are not intended to be limited to the best practices, methods or acts. 

  
 28 

 “PTC Offtake Agreement” means that certain Offtake Agreement, dated as of
September 1, 2013, by and between the PTC Offtaker and the Company. 
 “PTC Offtaker” means Parent, together with its
successors and permitted assigns under the PTC Offtake Agreement. 
 “PUHCA” means the Public Utility Holding Company Act
of 2005, as amended, and all rules and regulations adopted thereunder. 
 “PURPA” means the Public Utility Regulatory
Policies Act of 1978, as amended and all implementing rules and regulations adopted by FERC thereunder. 
 “QF” means a
“qualifying small power production facility” under PURPA and 18 C.F.R. §292.203(a) of FERC’s regulations. 

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

“Quarterly Payment Date” means the Funding Date occurring in the months of February, May, August and November, after the
Issue Date. 
 “Quotation Agent” means an internationally recognized investment bank, other than Reference Treasury
Dealers. 
 “Rating” means the credit rating of the Notes by the Rating Agencies. 

“Rating Agency” means any of (or each, as the context may require) Fitch, S&P or Moody’s; provided that if any two
of Fitch, S&P or Moody’s shall cease to operate as a “rating agency,” or shall cease to maintain a rating on the Notes, then any other nationally recognized rating agency or agencies then maintaining a rating on the Notes. 

“Ratings Reaffirmation” means, in the case of an event or proposed event, a reaffirmation by any two of the Rating Agencies
rating the Notes that the then current Ratings on the Notes will not be lower, after giving effect to the event or proposed event, than the Ratings of the Notes in effect immediately prior to such event or proposed event. 

“Real Estate Documents” means the following documents to which any Project Company is a party if and to the extent the rights
granted thereunder are required for the operation of the applicable Project: (a) leases and subleases under which a Project Company is a lessee or sublessee (as applicable), (b) granting deeds under which a Project Company is a grantee and
(c) easements and subeasements under which a Project Company is a grantee or subgrantee (as applicable), which are, in each case, either (i) in existence on the Issue Date and identified on Schedule D hereto or (ii) entered into
following the Issue Date. 
 “Real Property” means all right, title and interest of the Company and the Project Companies
in and to any and all parcels of real property (including each Project Site) owned, leased, subleased or operated by the Company or any Project Company together with all of such Person’s interests in all improvements and appurtenant fixtures,
equipment, personal property, easements, subeasements and other property and rights incidental to the ownership, lease or operation thereof, including all right, title and interest of the Company and the Project Companies in and to all Easements.

 “Redemption Date” means any date for redemption of Notes established pursuant to Article 3. 

  
 29 

 “Reference Treasury Dealer” means RBS Securities Inc., Barclays Bank PLC and
Citigroup Global Markets Inc. or any of their respective Affiliates which are primary United States government securities dealers in New York City and not less than two other leading primary United States government securities dealers in New York
City reasonably designated by the Company; provided, however, that if any of the foregoing shall cease to be a primary United States government securities dealer in New York City (a “Primary Treasury Dealer”), the Company will substitute
therefor another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotation” means, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and asked price for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Quotation Agent by such Reference Treasury Dealer at 3:30 p.m. New York time on the third Business Day preceding such redemption date. 

“Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Global Note” means a Regulation S Temporary Global Note or Regulation S Permanent Global Note,
as appropriate. 
 “Regulation S Permanent Global Note” means a permanent Global Note in the form of
Exhibit A1 hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal
amount of the Regulation S Temporary Global Note upon expiration of the Restricted Period. 
 “Regulation S Temporary
Global Note” means a temporary Global Note in the form of Exhibit A2 hereto deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal
amount of the Notes initially sold in reliance on Rule 903 of Regulation S. 
 “Reimbursement Obligations” means
“Reimbursement Obligations” (or similar term) as defined in the Credit Facilities Agreement or any Replacement Credit Facilities Agreement, as applicable. 

“Release” means any placing, spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting,
escaping, leaching, dumping, disposing, depositing or migrating in, into, onto or through the Environment. 
 “Replacement Credit
Facilities” means Indebtedness of the Company comprising letter of credit and reimbursement facilities, working capital facilities and/or other similar facilities permitted to be incurred on a pari passu basis with the Secured
Obligations in accordance with the applicable provisions of the Financing Documents and incurred to renew, refund, refinance, replace, defease or discharge all or part of the Credit Facilities so long as the principal amount (with commitments and
letters of credit being deemed to have a principal amount equal to the maximum potential liability of the Company thereunder) of such Replacement Credit Facilities, together with any remaining Credit Facilities, does not exceed the sum of
(i) $142.0 million (plus all accrued interest and the amount of all fees and expenses, including premiums, incurred in connection therewith) and (ii) any Incremental LC Facility. 

“Replacement Credit Facilities Agreement” means a credit agreement, reimbursement agreement or similar financing agreement,
as applicable, entered into by the Company to evidence any Replacement Credit Facilities. 

  
 30 

 “Replacement Credit Facilities Documents” means the Replacement Credit
Facilities Agreement and the other “Loan Documents” as defined therein. 
 “Replacement Credit Facilities
Obligations” means, with respect to any Replacement Credit Facilities, all Obligations of the Company under the Replacement Credit Facilities Documents evidencing such Replacement Credit Facilities. 

“Replacement Project Contract” means one or more contracts or agreements which (i) is entered into by the Company or the
applicable Project Company in substitution for any Major Project Contract (other than any Specified Major Project Contract) that has been terminated in accordance with its terms or otherwise or replaced following an event of default thereunder,
(ii) has economic and other terms which, taken as a whole, are not materially less favorable to the Company or the applicable Project Company as the Major Project Contract being replaced and (iii) either (a)(1) is with one or more
counterparties (or guarantors of such counterparties’ obligations) having substantially similar or better creditworthiness (or is otherwise credit supported so that the credit risk of such counterparty is not materially less favorable to the
Company or the applicable Project Company than the existing counterparty) and (2) solely with respect to the Global Services Agreement, is with one or more counterparties which has substantially similar or better experience in the industry, in
each case, as the counterparty to the Major Project Contract being replaced, or (b) in the case of any Major Project Contract entered into in substitution for or otherwise replacing any PPA, the Company delivers evidence of a Ratings
Reaffirmation. 
 “Required Capital Expenditures” means Capital Expenditures set forth in the then current Annual Operating
Budget that are reasonably required in order to operate and maintain the Projects in accordance with applicable Legal Requirements (excluding, for certainty, any Emergency Capital Expenditures and Capital Expenditures financed with the proceeds of
Equity Contributions made to the Company). 
 “Required Secured Parties” means at any time, the holders of 50.1% or more of
the sum of, without duplication, (a) the aggregate outstanding principal amount of all Secured Obligations (other than in respect of any Letter of Credit so included pursuant to clause (b) below) and (b) the aggregate unfunded (and
unexpired and uncancelled) Letters of Credit (and, if applicable, outstanding letters of credit under a Replacement Credit Facility), including the face amount of outstanding Letters of Credit (including, if applicable, outstanding letters of credit
under a Replacement Credit Facility) and commitments to extend credit (without duplication of Letters of Credit and letters of credit under a Replacement Credit Facility and corresponding LC Loans or letter of credit loans under any Replacement
Credit Facility, as applicable) that are unexpired and uncancelled that, when funded, would constitute Secured Obligations at such time, in each case, with the applicable Secured Parties voting as a class in accordance with the voting procedures set
forth in their respective Financing Documents. For purposes of this definition, (x) any obligations registered in the name of, or beneficially owned by, any Financing Party or any Affiliate of any Financing Party will be deemed not to be
outstanding and (y) any obligations registered in the name of, or beneficially owned by, any Defaulting Lender (as defined in the Credit Facilities Documents and/or any Replacement Credit Facilities Documents) will be deemed not to be
outstanding to the extent such Defaulting Lender is not permitted to vote on such matter pursuant to the Credit Facilities Documents and/or any Replacement Credit Facilities Documents. 

“Responsible Officer” means, for any Person, excluding the Trustee, Collateral Agent and Depositary Agent, any executive
officer or financial officer (including the chief financial officer, principal accounting officer, treasurer, assistant treasurer or controller) of such Person and any other officer or similar official thereof responsible for the administration of
the obligations of such Person in respect of a Project Contract or Financing Document. 

  
 31 

 “Responsible Officer of the Trustee” means, when used with respect to the
Trustee, any officer within the corporate trust department of the Trustee having direct responsibility for the administration of this Indenture, or to whom any corporate trust matter is referred because of such person’s knowledge of and
familiarity with the particular subject. 
 “Restoration Work” means, with respect to any Affected Property, any action
taken by or on behalf of the Company or any Project Company to rebuild, repair, replace, redesign, alter or otherwise restore or complete such Affected Property or any portion thereof, and all activities incidental and necessary for such matters, in
order to permit operation of the applicable Project in accordance in all material respects with the Financing Documents, including any redesign, alteration, retesting, re-commissioning and putting into service of the Affected Property, in each case,
necessary to compensate for any failure of such Project to satisfy any performance guarantee under any Project Contract. 

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

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

“Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 

“Revenue Account” means the Revenue Account so designated, established and created by the Depositary Agent pursuant to the
Depositary Agreement. 
 “Rule 144” means Rule 144 promulgated under the Securities Act. 

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

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

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

“SEC” means the Securities and Exchange Commission and its successors. 

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw Hill Companies, Inc., and its
successors. 
 “Secured Debt Representative” means (a) the Administrative Agent on behalf of the lenders and issuing
banks under the Credit Facilities Documents (and/or any similar agent under Replacement Credit Facilities Documents, as applicable) and (b) the Trustee. 

“Secured Obligations” means, without duplication: 

(1) all Indebtedness, loans, advances, debts, liabilities and all other obligations (including Obligations), howsoever arising,
owed by the Company to the Secured Parties of every kind and description (whether or not evidenced by any note or instrument and whether or not for the payment of money), direct or indirect, absolute or contingent, due or to become due, now existing
or hereafter arising, pursuant to the terms of the Financing Documents, including the Intercreditor Agreement and any other Security Documents, including all interest, fees (including commitment fees, participation fees and fronting fees), charges,
expenses, attorneys’ fees and accountants fees chargeable to the Company or payable by the Company thereunder or hereunder; 

  
 32 

 (2) any and all sums advanced by the Collateral Agent in order to preserve the
Collateral or preserve its security interest in the Collateral; and 
 (3) in the event of any proceeding for the collection
or enforcement of the obligations described in clause (1) or (2) above, after an Event of Default, shall have occurred and is continuing and unwaived, the expenses of retaking, holding, preparing for sale or lease, selling or otherwise
disposing of or realizing on the Collateral, or of any exercise by the Collateral Agent of its rights under the Security Documents, together with any necessary attorneys’ fees and court costs. 

“Secured Party” means each agent, lender and issuing bank under the Credit Facilities and/or Replacement Credit Facilities,
as applicable, the Holders, the Trustee, the Collateral Agent, the Depositary Agent and each other Secured Debt Representative. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Security Documents” mean the Intercreditor Agreement, the Consents, the Pledge and Security Agreement, the Holding Pledge
Agreement, the Depositary Agreement, the Mortgages, the Control Agreements, and each of the security agreements, mortgages, pledge agreements, agency agreements and other instruments and documents executed and delivered pursuant to this Indenture or
any of the foregoing, as the same may be amended, supplemented or otherwise modified from time to time and pursuant to which Collateral is pledged, assigned or granted to or on behalf of the Collateral Agent for the ratable benefit of the Secured
Parties or notice of such pledge, assignment or grant is given. 
 “Senior Debt” means the Credit Facilities, any
Replacement Credit Facility and the Notes. 
 “Shooting Star” means Shooting Star Wind Project, LLC, a limited liability
company organized and existing under the laws of the State of Delaware. 
 “Shooting Star Wind Project” means the
approximately 104 MW wind powered electric generating facility owned by Shooting Star, located in Kiowa County, Kansas, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site
and all other equipment and property leased or owned by Shooting Star and attached to or placed upon the related Project Site or used in connection with the operation of the Shooting Star Wind Project. 

“Specified Major Project Contracts” means any Warranty Agreement (but only to the extent any warranty obligations remain in
full force and effect thereunder), any O&M Agreements, any Permitted Commodity Hedge Agreement, and any Guarantee supporting the obligations of any Major Project Party that is a party to any of the foregoing. 

“Sponsor” means Exelon Generation Company, LLC, a Delaware limited liability company. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on
which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the date of this Indenture, and will not include any contingent obligations to repay, redeem or repurchase any such interest
or principal prior to the date originally scheduled for the payment thereof. 

  
 33 

 “Subsidiary” means, with respect to any specified Person: 

(1) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital
Stock entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees
of the corporation, association or other business entity 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); and 

(2) any partnership or limited liability company of which (a) more than 50% of the capital accounts, distribution rights,
total equity and voting interests or general and limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, whether
in the form of membership, general, special or limited partnership interests or otherwise, and (b) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 

“Tax Equity Option Agreement” means the Tax Equity Option Agreement, dated as of September 30, 2013, between the PTC
Offtaker and the Collateral Agent. 
 “Tax Equity Option Payment” means the payment to be made by Parent pursuant to
Section 3 of the Tax Equity Option Agreement. 
 “Taxes” mean any and all present or future taxes, and any and all
levies, imposts, duties and similar charges or withholdings, in each case, in the nature of a tax, imposed, levied, withheld, collected or assessed by any Governmental Authority and any and all interest, penalties and additions related thereto. 

“Title Event” means the existence of any defect of title or Lien on any Project (other than Permitted Liens) that entitles
the Company, any Project Company or the Collateral Agent to make a claim under any title policies issued in favor of the Company, any Project Company or the Collateral Agent. 

“Title Event Proceeds” means, in connection with any Title Event, the Net Available Amount payable to the Company, any
Project Company or the Collateral Agent (on behalf of the Secured Parties) in connection with such Title Event. 
 “Title
Policies” means the lender’s title insurance policies issued to Collateral Agent on or about the Issue Date with respect to the Project Sites. 

“Transaction Documents” means the Major Project Contracts and the Financing Documents. 

“Transmission Deposit Accounts” means one or more collateral or security deposit account(s) established by or on behalf of
Beebe, Tuana Springs or Harvest II, securing certain respective obligations of each such Project Company under the Interconnection Agreements to which they are a party, which account(s) and the amounts deposited therein shall not be subject to the
Lien of the Collateral Agent pursuant to the Pledge and Security Agreement. 
 “Treasury Rate” means with respect to any
redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolated maturity (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage
of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

  
 34 

 “Trigger Event” means an event of default exists under a Financing Document and
as a result thereof any Secured Obligations under such Financing Document become or are declared to be due and payable prior to their scheduled maturity, in each case, as notified in writing to the Collateral Agent. 

“Trustee” means Wilmington Trust, National Association, until a successor replaces it in accordance with the applicable
provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Tuana Springs” shall mean Tuana
Springs Energy, LLC, a limited liability company organized and existing under the laws of the State of Idaho. 
 “Tuana Springs Wind
Project” shall mean the approximately 16.8 MW wind-powered electrical generation facility owned by Tuana Springs, located in Twin Falls County, Idaho, including the related Project Site, and the turbines, facilities, structures and
improvements erected on the related Project Site and all other equipment and property leased or owned by Tuana Springs and attached to or placed upon the related Project Site or used in connection with the operation of the Tuana Springs Wind
Project. 
 “UCC” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the State of
New York; provided however that, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in effect in
a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and
for purposes of definitions related to such provisions. 
 “UNFCCC” means the United Nations Framework Convention on
Climate Change. 
 “Unrestricted Definitive Note” means a Definitive Note that does not bear and is not required to bear
the Private Placement Legend. 
 “Unrestricted Global Note” means a Global Note that does not bear and is not required to
bear the Private Placement Legend. 
 “U.S. Person” means a U.S. Person as defined in Rule 902(k) promulgated
under the Securities Act. 
 “[*] Letter Agreement” means the letter agreement by and between [*] and [*], dated
June 25, 2013 regarding the [*] blades installed at the [*] Project. 
 “Voting Stock” of any specified Person as of
any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. 

“Warranty Agreements” means (i) agreements entered into between a Project Company and the supplier or manufacturer of
wind turbines (or an affiliate thereof) pursuant to which such Person grants certain warranties with respect to the wind turbines and/or related equipment and services supplied to the Project Company, and (ii) agreements entered into between a
Project Company and a balance of plant contractor pursuant to which the contractor grants certain warranties with respect to the equipment and services that it supplied to the Project Company for an agreed warranty period; provided, that to
the extent the warranties described above are set forth in the original turbine supply agreement or balance of plant contract then such agreement shall be deemed to constitute a “Warranty Agreement” and, provided further, that an
agreement shall only constitute a “Warranty Agreement” for so long as the applicable warranty remains in effect. 

  
 35 

 “Whitetail” means Whitetail Wind Energy, LLC, a limited liability company
organized and existing under the laws of the State of Delaware. 
 “Whitetail Wind Project” means the approximately 91.2 MW
wind-powered electrical generation facility owned by Whitetail, located in Webb County, Texas, including the related Project Site, and the turbines, facilities, structures and improvements erected on the related Project Site and all other equipment
and property leased or owned by Whitetail and attached to or placed upon the related Project Site or used in connection with the operation of the Whitetail Wind Project. 

“Wildcat” means Wildcat Wind LLC, a limited liability company organized and existing under the laws of the State of New
Mexico. 
 “Wildcat Bond” means “Bond” as defined in the Wildcat Lease. 

“Wildcat Finance” means Wildcat Finance, LLC, a limited liability company organized and existing under the laws of the State
of Delaware. 
 “Wildcat Indenture” means “Indenture” as defined in the Wildcat Lease. 

“Wildcat Lease” means the Lease Agreement, dated as of March 1, 2012, between Lea County New Mexico and Wildcat. 

“Wildcat Wind Project” means the approximately 27.3 MW wind-powered electrical generation facility leased by Wildcat pursuant
to the Wildcat Lease entered into in connection with the Wildcat Sale Leaseback, located in Lea County, New Mexico, including Wildcat’s leasehold interest in the related Project Site, and the turbines, facilities, structures and improvements
erected on the related Project Site and all other equipment and property leased or owned by Wildcat and attached to or placed upon the related Project Site or used in connection with the operation of the Wildcat Wind Project. 

“Wildcat Sale Leaseback” means, collectively, the assignment by Wildcat of underlying leases for the land on which the
Wildcat Wind Project is situated to Lea County, New Mexico, the sublease of such land by Lea County, New Mexico back to Wildcat pursuant to the terms of the Wildcat Lease and the financing of such sale and leaseback through the issuance of New
Mexico Taxable Industrial Revenue Bonds issued by Lea County, New Mexico and sold to Wildcat Finance, and the related transactions contemplated by, and described in more detail in, the Wildcat Sale Leaseback Documents. 

“Wildcat Sale Leaseback Documents” means the Wildcat Lease, the “Bond Purchase Agreement” (as defined in the
Wildcat Lease), the Wildcat Indenture and the Wildcat Bond. 
 “Withdrawal Certificate” means an Officer’s Certificate
in the form provided in the Depositary Agreement. 
 “Working Capital Facility” means the $10.0 million revolving
working capital credit facility under the Credit Facilities Agreement. 
 “Working Capital Loan” means “Working
Capital Loan” (or similar term) as defined in the Credit Facilities Agreement or Replacement Credit Facilities Agreement, as applicable. 

  
 36 

	Section 1.02	Other Definitions. 

  

					
	 Term
	  	Defined in Section	 
	 “Authentication Order”
	  	 	2.02	  
	 “Change of Control Offer”
	  	 	3.10	(a) 
	 “Change of Control Payment”
	  	 	3.10	(a) 
	 “Change of Control Payment Date”
	  	 	3.10	(a)(2) 
	 “Covenant Defeasance”
	  	 	8.03	  
	 “Distribution Conditions”
	  	 	4.05	(a) 
	 “DTC”
	  	 	2.03	  
	 “Guaranteed Obligations”
	  	 	5.01	  
	 “incur”
	  	 	4.07	(a) 
	 “Legal Defeasance”
	  	 	8.02	  
	 “Mandatory Redemption”
	  	 	3.09	  
	 “Mandatory Redemption Amount”
	  	 	3.09	  
	 “Paying Agent”
	  	 	2.03	  
	 “Permitted Indebtedness”
	  	 	4.07	(a) 
	 “Registrar”
	  	 	2.03	  
	 “Restricted Payment”
	  	 	4.05	(a) 
	 “Restricted Payment Date”
	  	 	4.05	(a) 
	 “Whitetail Wind Project Prepayment Amount”
	  	 	4.42	(b) 

  

	Section 1.03	Rules of Construction. 

 Unless the context otherwise requires: 

(1) a defined term has the meaning assigned to it therein; 

(2) except as otherwise expressly provided herein, (i) all accounting terms used herein shall be interpreted,
(ii) all financial statements and all certificates and reports as to financial matters required to be delivered to the Trustee hereunder shall be prepared and (iii) all calculations made for the purposes of determining compliance with this
Indenture shall (except as otherwise expressly provided herein) be made, in accordance with, or by application of, GAAP applied on a basis consistent (except inconsistencies that are disclosed in writing to the Trustee and are in accordance with
GAAP as certified by a firm of independent certified public accountants of recognized national standing) with those used in the preparation of the latest corresponding financial statements furnished hereunder to the Trustee; 

(3) “or” is not exclusive; 

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

  
 37 

 (5) “including” means including without limitation; 

(6) references to sections of or rules under the Securities Act or the Exchange Act will be deemed to include substitute,
replacement of successor sections or rules adopted by the SEC from time to time; 
 (7) in the event that a transaction meets
the criteria of more than one category of permitted transactions or listed exceptions, the Company may classify such transaction as it determines; 

(8) unless otherwise expressly specified, any agreement, contract or document defined or referred to herein shall mean such
agreement, contract or document as in effect as of the date hereof, as the same may thereafter be amended, supplemented and/or otherwise modified from time to time in accordance with the terms of this Indenture and the other Financing Documents and
shall include any agreement, contract or document in substitution or replacement of any of the foregoing entered into in accordance with the terms of this Indenture and the other Financing Documents; 

(9) unless otherwise specified herein, references to any Person shall be to it and any permitted successor in interest thereto
and its permitted assigns in accordance with the terms of this Indenture and the other Financing Documents; 
 (10) all
references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require; 

(11) any reference to any Legal Requirements or Governmental Rules in any of the Loan Documents shall include all references to
such Legal Requirements or Governmental Rules as amended or otherwise modified; 
 (12) the words “hereof,”
“herein” and “hereunder” and words of similar import when used in any document shall refer to such document as a whole and not to any particular provision of such document; and 

(13) the words “will” and “shall” shall be construed to have the same meaning and effect. 

ARTICLE 2 
 THE NOTES 

 

	Section 2.01	Form and Dating. 

 (a) General. The Notes issued on the date hereof shall be
(i) offered and sold by the Company to the initial purchasers thereof and (ii) resold only to (1) QIBs in reliance on Rule 144A and (2) Non-U.S. Persons other than U.S. persons in reliance on Regulation S. The Notes and
the Trustee’s certificate of authentication will be substantially in the form of Exhibits A1 and A2 hereto, respectively. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage and approved by the
Company. Each Note will be dated the date of its authentication. The Notes shall be in denominations of $100,000 and integral multiples of $1,000 in excess thereof. 

  
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 The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a
part of this Indenture and the Company, the Note Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note
conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
 (b) Global
Notes. Notes issued in global form will be substantially in the form of Exhibits A1 or A2 hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued
in definitive form will be substantially in the form of Exhibit A1 hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will
represent such of the outstanding Notes as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of
outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal
amount of outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 hereof. 

(c) Temporary Global Notes. Notes offered and sold in reliance on Regulation S will be issued initially in the form of the
Regulation S Temporary Global Note, which will be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the Depositary, and registered in the name of the Depositary or the nominee of the
Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The Restricted Period with respect to any Regulation S
Temporary Global Note will be terminated upon the receipt by the Trustee of: 
 (1) a written certificate from the
Depositary, together with copies of certificates from Euroclear and Clearstream certifying that they have received certification of non-United States beneficial ownership of 100% of the aggregate principal amount of such Regulation S Temporary
Global Note (except to the extent of any beneficial owners thereof who acquired an interest therein during the Restricted Period pursuant to another exemption from registration under the Securities Act and who will take delivery of a beneficial
ownership interest in a 144A Global Note bearing a Private Placement Legend, all as contemplated by Section 2.06(b) hereof); and 

(2) an Officer’s Certificate from the Company. 

Following the termination of the Restricted Period with respect to any Regulation S Temporary Global Note, beneficial interests in such
Regulation S Temporary Global Note will be exchanged for beneficial interests in a Regulation S Permanent Global Note pursuant to the Applicable Procedures. Simultaneously with the authentication of the Regulation S Permanent Global
Note related to any issuance of Notes hereunder, the Trustee will cancel the related Regulation S Temporary Global Note. The aggregate principal amount of the Regulation S Temporary Global Note and the Regulation S Permanent Global
Note may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interest as hereinafter provided. 

(d) Euroclear and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the Euroclear System” and
“Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of beneficial interests in any
Regulation S Temporary Global Note and the related Regulation S Permanent Global Note that are held by Participants through Euroclear or Clearstream. 

  
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	Section 2.02	Execution and Authentication. 

 At least one Officer must sign the Notes on behalf of the
Company by manual or facsimile signature. 
 If an Officer whose signature is on a Note no longer holds that office at the time a Note is
authenticated, the Note will nevertheless be valid. 
 A Note will not be entitled to any benefit under this Indenture or be valid until
authenticated by the manual signature of an authorized signatory of the Trustee. The signature will be conclusive evidence that the Note has been duly authenticated and delivered under this Indenture. 

On the Issue Date, the Trustee will, upon receipt of a written order of the Company signed by an Officer (an “Authentication
Order”), authenticate and deliver Notes for original issue that may be validly issued under this Indenture. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized
for issuance by the Company pursuant to one or more Authentication Orders, except as provided in Section 2.07 hereof. 
 The Trustee
may appoint an authenticating agent acceptable to the Company to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders, the Company or an Affiliate of the Company. 
  

	Section 2.03	Registrar and Paying Agent. 

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

The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with respect to the Global Notes.

 The Company initially appoints the Trustee to act as the Registrar and Paying Agent for the Notes and to act as Custodian with respect to
the Global Notes. 
  

	Section 2.04	Paying Agent to Hold Money in Trust. 

 The Company will, on each due date for the payment
of principal, premium, if any, Make-Whole Amounts, if any, and interest, if any, on any of the Notes, deposit with the Paying Agent a sum sufficient to pay such amount, such sum to be held in trust for the Holders entitled to the same and, unless
such Paying Agent is the Trustee, the Company will promptly notify the Trustee of its action or failure so to 

  
 40 

 
act. The Company will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Trustee all money held by the
Paying Agent for the payment of principal of, premium on, if any, or interest, if any, on, the Notes, and will notify the Trustee of any default by the Company in making any such payment. While any such default is continuing, the Trustee may require
a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary)
will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or
reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes. 
  

	Section 2.05	Holder Lists. 

 The Trustee will preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of all Holders. If the Trustee is not the Registrar, the Company will furnish to the Trustee at least seven Business Days before each interest payment date and at such other
times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders. 
  

	Section 2.06	Transfer and Exchange. 

 (a) Transfer and Exchange of Global Notes. A Global Note
may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary
or a nominee of such successor Depositary. All Global Notes will be exchanged by the Company for Definitive Notes if: 
 (1)
the Company delivers to the Trustee notice from the Depositary that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is
not appointed by the Company within 90 days after the date of such notice from the Depositary; 
 (2) the Company in its
sole discretion determines that the Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a written notice to such effect to the Trustee; provided that in no event shall any Regulation S Temporary
Global Note be exchanged by the Company for Definitive Notes prior to (A) the expiration of the Restricted Period for such Regulation S Temporary Global Note and (B) the receipt by the Registrar of any certificates required pursuant
to Rule 903(b)(3)(ii)(B) under the Securities Act; or 
 (3) there has occurred and is continuing an Event of Default
with respect to the Notes. 
 Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and
2.10 hereof. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of,
and shall be, a Global Note, except that upon the occurrence of any of the preceding events in (1), (2) or (3) above, Definitive Notes shall be issued in such names as the Depositary shall instruct the Trustee. A Global Note may not be
exchanged for another Note other than as provided in this Section 2.06(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b) or (c) hereof. 

  
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 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and
exchange of beneficial interests in the Global Notes will be effected through the Depositary in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes will be subject to
restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or (2) below, as
applicable, as well as one or more of the other following subparagraphs, as applicable: 
 (1) Transfer of Beneficial
Interests in the Same Global Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer
restrictions set forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period for any Regulation S Temporary Global Note, transfers of beneficial interests in such Regulation S
Temporary Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery
thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1). 

(2) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and
exchanges of beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A) both: 

(i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable
Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase; or 
 (B) both: 

(i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable
Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such
Definitive Note shall be registered to effect the transfer or exchange referred to in (1) above; 
 provided that in no event
shall Definitive Notes other than Restricted Definitive Notes be issued pursuant to (A) or (B) upon the transfer or exchange of beneficial interests in any Regulation S Temporary Global Note prior to (A) the expiration

  
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of the Restricted Period with respect to such Regulation S Temporary Global Note and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903 under the
Securities Act; and provided further, that the issuance of any Definitive Notes pursuant to (A) or (B) upon the transfer or exchange of beneficial interests of any Restricted Global Note must be in accordance with the transfer
restrictions set forth in the Private Placement Legend. 
 Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in
Global Notes contained in this Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(h) hereof. 

(3) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global
Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the
following: 
 (A) if the transferee will take delivery in the form of a beneficial interest in a 144A Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; and 

(B) if the transferee will take delivery in the form of a beneficial interest in a Regulation S Temporary Global Note or a
Regulation S Permanent Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof. 

(4) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted
Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(2) above and: 

(A) the Registrar receives the following: 

(i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

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

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

  
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 If any such transfer is effected pursuant to subparagraph (A) above at a time when an
Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate
principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (A) above. Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take
delivery thereof in the form of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer or Exchange of Beneficial Interests
for Definitive Notes. 
 (1) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If
any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted
Definitive Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the holder of such beneficial
interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item
(2)(a) thereof; 
 (B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such beneficial interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with
Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such beneficial interest is being transferred to the Company, a certificate to the effect set forth in
Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
 (F) if such beneficial interest
is being transferred pursuant to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 

the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and
the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest in a
Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar

  
 44 

 
through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered.
Any Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein.

 (2) Beneficial Interests in Regulation S Temporary Global Note to Definitive Notes. Notwithstanding
Sections 2.06(c)(1)(A) and (C) hereof, a beneficial interest in a Regulation S Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note
prior to (A) the expiration of the Restricted Period with respect to such Regulation S Temporary Global Note and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities
Act, except for Restricted Definitive Notes issued in the case of a transfer pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 

(3) Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes. A holder of a beneficial interest
in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if: 

(A) the Registrar receives the following: 

(i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for an
Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

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

and, in each such case set forth in this subparagraph (A), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 (4) Beneficial Interests in Unrestricted
Global Notes to Unrestricted Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who
takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b)(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced
accordingly pursuant to Section 2.06(h) hereof, and the Company will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note
issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will be registered in such name or names and in such authorized denomination or denominations 

  
 45 

 
as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such
Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will not bear the Private Placement Legend. 

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 

(1) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted
Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global
Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such Restricted Definitive
Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate to the
effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such
Restricted Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in
item (2) thereof; 
 (D) if such Restricted Definitive Note is being transferred pursuant to an exemption from the
registration requirements of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such Restricted Definitive Note is being transferred to the Company, a certificate to the effect set forth in
Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
 (F) if such Restricted
Definitive Note is being transferred pursuant to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 

the Trustee will cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of
clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the appropriate 144A Global Note, in the case of clause (C) above, the appropriate Regulation S Global Note, and in the case of clause
(D), (E) or (F) above, the appropriate Global Note. 

  
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 (2) Restricted Definitive Notes to Beneficial Interests in Unrestricted Global
Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note only if: 
 (A) the Registrar receives the following: 

(i) if the Holder of such Definitive Notes proposes to exchange such Notes for a beneficial interest in the Unrestricted
Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

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

and, in each such case set forth in this subparagraph (A), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions of any of the
subparagraphs in this Section 2.06(d)(2), the Trustee will cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the appropriate Unrestricted Global Note. 

(3) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted
Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time.
Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of the appropriate Unrestricted Global Note. 

If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to subparagraphs (2)
or (3) above at a time when an Unrestricted Global Note has not yet been issued, the Company will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee will authenticate one or more
Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 
 (e)
Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 2.06(e), the Registrar will register the transfer or
exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form
satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to
the following provisions of this Section 2.06(e). 

  
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 (1) Restricted Definitive Notes to Restricted Definitive Notes. Any
Restricted Definitive Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

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

(C) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then
the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications, required by item (3) thereof, if applicable, and such other certification and/or Opinion of Counsel as the Registrar may
reasonably request. 
 (2) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive
Note may be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if: 

(A) the Registrar receives the following: 

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

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

and, in each such case set forth in this subparagraph (A), if the Registrar so requests, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain
compliance with the Securities Act. 
 (3) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of
Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted
Definitive Notes pursuant to the instructions from the Holder thereof. 
 (f) Legends. The following legends will appear on the face
of all Global Notes and Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 

  
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 (1) Private Placement Legend. 

(A) Except as permitted by subparagraph (B) below, each Global Note and each Definitive Note (and all Notes issued in
exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 “THE SECURITY (OR ITS PREDECESSOR) EVIDENCED
HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE
SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES
TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO
THE COMPANY IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO
THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.” 
 (B)
Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraphs (b)(4), (c)(3), (c)(4), (d)(2), (d)(3), (e)(2) or (e)(3) of this Section 2.06 (and all Notes issued in exchange therefor or substitution
thereof) will not bear the Private Placement Legend. 
 (2) Global Note Legend. Each Global Note will bear a legend in
substantially the following form: 
 “THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN
CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE,
(2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE 

  
 49 

 
TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

(3) Regulation S Temporary Global Note Legend. Each Regulation S Temporary Global Note will bear a Legend in
substantially the following form: 
 “THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS
EXCHANGE FOR CERTIFICATED NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON. 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT.” 

(g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been
exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Trustee in accordance with Section 2.11
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and
if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an endorsement will be
made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

  
 50 

 (h) General Provisions Relating to Transfers and Exchanges. 

(1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes
and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request. 

(2) No service charge will be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note
for any registration of transfer or exchange, but the Company and the Trustee may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or
similar governmental charge payable upon an exchange pursuant to Section 2.10, 3.06, 3.09, 3.10, 4.37, 4.38, 4.39, 4.40, 4.41, 4.42 or 9.04 hereof). 

(3) The Registrar will not be required to register the transfer of or exchange of any Note selected for redemption in whole or
in part, except the unredeemed portion of any Note being redeemed in part. 
 (4) All Global Notes and Definitive Notes
issued upon any registration of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or
Definitive Notes surrendered upon such registration of transfer or exchange. 
 (5) Neither the Registrar nor the Company
will be required: 
 (A) to issue, to register the transfer of or to exchange any Note during a period beginning at the
opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on the day of selection; 

(B) to register the transfer of or to exchange any Note selected for redemption or tendered for repurchase in connection with a
Change of Control Offer in whole or in part, except the unredeemed or unpurchased portion of any Note being redeemed or unpurchased in part; or 

(C) to register the transfer of or to exchange a Note between a record date and the next succeeding interest payment date. 

(6) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Company may deem
and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal, premium, if any, and (subject to the record date provisions of the Notes) interest on such Notes and for
all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (7) The
Trustee will authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.02 hereof. 

(8) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this
Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile or email. 

  
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	Section 2.07	Replacement Notes. 

 If any mutilated Note is surrendered to the Trustee or if a Holder
claims that its Note has been lost, destroyed or wrongfully taken and the Company and the Trustee receive evidence to their respective satisfaction of the ownership, destruction, loss or theft of any Note, in the absence of evidence that such Note
is actually held by a protected purchaser (as such term is defined in Section 8-303 of the Uniform Commercial Code in effect in the State of New York), the Company will issue and the Trustee, upon receipt of an Authentication Order, will
authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the
Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a Note. 

Every replacement Note is a contractual obligation of the Company and will be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued hereunder. 
  

	Section 2.08	Outstanding Notes. 

 The Notes outstanding at any time are all the Notes authenticated by
the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as
not outstanding. Except as set forth in Section 2.09 hereof, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 

If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it
that the replaced Note is held by a protected purchaser (as such term is defined in Section 8-303 of the Uniform Commercial Code in effect in the State of New York). 

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

	Section 2.09	Treasury Notes. 

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

 

	Section 2.10	Temporary Notes. 

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

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

 

	Section 2.11	Cancellation. 

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

 

	Section 2.12	Defaulted Interest. 

 If the Company defaults in a payment of interest on the Notes, it
will pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in
Section 4.01 hereof. The Company will notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at the same time, the Company shall deposit with the Trustee an
amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or will make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be
held in trust for the benefit of the Persons entitled to such defaulted interest as provided in this Section 2.12. The Trustee will fix or cause to be fixed each such special record date and payment date; provided that no such special
record date may be less than 10 days prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Company (or, upon the written request of the Company and provision by the Company of
such notice information, the Trustee in the name and at the expense of the Company) will mail or cause to be mailed to Holders a notice that states the special record date, the related payment date and the amount of such interest to be paid. 

 

	Section 2.13	CUSIP Numbers. 

 The Company in issuing the Notes may use “CUSIP” numbers (if
then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption or in Offers to Purchase as a convenience to Holders; provided that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or in Offers to Purchase and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption
or Offer to Purchase shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

  
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 ARTICLE 3 

REDEMPTION AND PREPAYMENT 
  

	Section 3.01	Notices to Trustee. 

 If the Company elects to redeem Notes pursuant to the optional
redemption provisions of Section 3.07 hereof, it must furnish to the Trustee, at least five Business Days before notice of redemption is required to be mailed or caused to be mailed to Holders (unless a shorter notice shall be agreed to by the
Trustee) but not more than 60 days before a redemption date, an Officer’s Certificate setting forth: 
 (1) the
clause of this Indenture pursuant to which the redemption shall occur; 
 (2) the redemption date; 

(3) the principal amount of Notes to be redeemed; and 

(4) the redemption price, if then ascertainable. 
  

	Section 3.02	Selection of Notes to Be Redeemed or Purchased. 

 In the event that less than all of the
Notes are to be redeemed or purchased at any time, the selection of Notes for redemption or purchase will be made by the Trustee in the case of certificated Notes and by DTC in all other cases, in each case, in compliance with the requirements of
the principal securities exchange or market, if any, on which the Notes are listed or, if the Notes are not then listed on a securities exchange or market, on a pro rata basis, by lot or by any other method that most nearly approximates
a pro rata selection as the Trustee in the case of certificated Notes and by DTC in all other cases, in each case, shall deem fair and appropriate (subject to the procedures of the Depositary), provided that no Notes of an
original principal amount of $100,000 or less may be redeemed in part and Notes of an original principal amount of in excess of $100,000 may be redeemed in multiples of $1,000 only. 

In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased will be selected, unless otherwise
provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the then outstanding Notes not previously called for redemption or purchase. 

The Trustee will promptly notify the Company in writing of the Notes selected for redemption or purchase and, in the case of any Note selected
for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Provisions of this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for redemption or purchase. 

After the redemption date, upon surrender of a Note to be redeemed in part only, a new Note or Notes in principal amount equal to the
unredeemed portion of the original Note, representing the same Indebtedness to the extent not redeemed, will be issued in the name of the Holder of the Notes upon cancellation of the original Note (or appropriate book entries made to reflect such
partial redemption). 
  

	Section 3.03	Notice of Redemption. 

 Subject to the provisions of Section 3.09 hereof, at least
30 days but not more than 60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail (or, in the case of Notes held in book-entry form, by electronic transmission), a notice of redemption to each
Holder whose Notes are to be redeemed at its registered address (or otherwise in accordance with the procedures of the 

  
 54 

 
Depositary), except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes, a satisfaction
and discharge of this Indenture or a Change of Control pursuant to Articles 4, 8 or 11 hereof. Any redemption notice may, at the Company’s discretion, be subject to one or more conditions precedent, including completion of a corporate
transaction. 
 The notice will identify the Notes to be redeemed and will state: 

(1) the redemption date; 

(2) the redemption price, including the portion thereof representing any accrued and unpaid interest;; 

(3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion thereof (which shall not be less than $100,000, as reduced by any scheduled principal payments on such Note) will be issued upon
cancellation of the original Note; 
 (4) the name and address of the Paying Agent; 

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

(6) that, unless the Company fails to deposit with the Trustee or with the Paying Agent money sufficient to make such
redemption payment, interest on Notes called for redemption ceases to accrue on and after the redemption date; 
 (7) the
paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed; 

(8) that no representation is made as to the correctness or accuracy of the CUSIP number of the Notes, if any, listed in such
notice or printed on the Notes; and 
 (9) if applicable, any condition to such redemption. 

At the Company’s request, the Trustee will give the notice of redemption in the Company’s name and at its expense; provided,
however, that the Company has delivered to the Trustee, at least two Business Days before notice of redemption is required to be sent or caused to be sent to Holders pursuant to this Section 3.03 (unless a shorter notice shall be agreed to
by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

 

	Section 3.04	Effect of Notice of Redemption. 

 Once notice of redemption is mailed in accordance with
Section 3.03 hereof, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption price, except as provided for in clause (9) of Section 3.03 and in Section 3.07(a). The notice, if
mailed in a manner herein provided, will be conclusively presumed to have been given, whether or not the Holder receives such notice. 

  
 55 

	Section 3.05	Deposit of Redemption or Purchase Price. 

 Except as provided in Section 3.10,
pursuant to the terms of the Depositary Agreement, the Company will instruct the Depositary Agent to transfer to or deposit with the Trustee or the Paying Agent, or in the case of Section 3.10, the Company shall deposit with the Trustee or the
Paying Agent, on the redemption or purchase date (or such later time to which the Trustee may reasonably agree), money sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Notes to be redeemed or purchased on
that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with or transferred to the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of,
and accrued interest, if any, on, all Notes to be redeemed or purchased. 
 If the Company complies with the provisions of the preceding
paragraph, and upon receipt by the Trustee or the Paying Agent of money sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Notes to be redeemed or purchased from the Depositary Agent as applicable, on and
after the redemption or purchase date, interest will cease to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date but on or prior to the related
interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender
for redemption or purchase because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on
any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. 
  

	Section 3.06	Notes Redeemed or Purchased in Part. 

 Upon surrender of a Note to the Paying Agent that
is redeemed or purchased in part, the Company will issue and, upon receipt of an Authentication Order, the Trustee will authenticate for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed or unpurchased
portion of the Note surrendered. In the event of any redemption or purchase of any Note in part, each remaining scheduled principal payment provided in Schedule 1 to Exhibits A1 and A2 shall be reduced on a pro rata basis in respect
of Notes issued pursuant to this Section 3.06. It is understood that, notwithstanding anything in this Indenture to the contrary, only an Authentication Order and not an Opinion of Counsel or Officer’s Certificate is required for the
Trustee to authenticate any such new Note issued pursuant to this Section 3.06. 
  

	Section 3.07	Optional Redemption. 

 (a) At any time prior to the Maturity Date, the Company will have
the right, at its option, to redeem any of the Notes, in whole at any time or in part from time to time prior to their maturity, on at least 30 days’ but not more than 60 days’ notice mailed or otherwise delivered to each Holder
of the Notes in accordance with the applicable procedures of DTC, as provided in Section 3.03, at a redemption price equal to (1) 100% of the principal amount of such Notes being redeemed, plus (2) accrued and unpaid interest
on such Notes being redeemed up to, but not including, the redemption date, plus (3) the Make-Whole Amount (subject to the rights of the Holders of record on the relevant record date to receive interest due on the relevant interest
payment date). Interest payable on any interest payment date occurring after a notice of optional redemption is delivered but prior to the applicable redemption date specified in such notice shall be paid to the holders of such Notes as of the close
of business on the applicable interest payment record date. 

  
 56 

 (b) Except pursuant to Section 3.07(a) hereof, the Notes will not be redeemable at the
Company’s option. 
 (c) Unless the Company fails to deposit with the Trustee or the Paying Agent money sufficient to make such
redemption payment, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 

(d) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof. 

 

	Section 3.08	Sinking Fund. 

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

	Section 3.09	Mandatory Redemption. 

 In the event that the Company is required to redeem the Notes, in
whole or in part, with any Loss Proceeds, any Title Event Proceeds, any Asset Sale Proceeds, any Project Contract Termination Proceeds, any Tax Equity Option Payment, the Whitetail Wind Project Prepayment Amount, any accumulated amounts in the
Distribution Suspense Account or otherwise (collectively “Mandatory Redemption Amounts”) pursuant to Sections 4.37, 4.38, 4.39, 4.40, 4.41 or 4.42 hereof (a “Mandatory Redemption”), it will follow the
procedures specified below in this Section, in such Sections (as the case may be) and in the Depositary Agreement. 
 The Company shall make
any such prepayment on the Notes (i) at one hundred percent (100%) of the principal amount so prepaid and without payment of the Make-Whole Amount or any premium, and (ii) where specified in the Depositary Agreement, on a pro rata
basis with the Credit Facilities Obligations and/or Replacement Credit Facilities Obligations, in accordance with Sections 4.37, 4.38, 4.39, 4.40, 4.41 or 4.42 (as the case may be). 

Promptly upon the transfer of any Mandatory Redemption Amounts to the Note Redemption Account, the Company shall, with written notice to the
Trustee, set a Redemption Date, which Redemption Date shall be within sixty (60) days following the transfer of monies to the Note Redemption Account in respect of the event giving rise to the Notes being subject to redemption. 

If the Redemption Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid
interest, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest will be payable to Holders whose Notes are purchased pursuant to such Mandatory Redemption. 

If any amount remains in the Note Redemption Account after consummation of such Mandatory Redemption, the Company shall direct the Depositary
to transfer such amount to the Revenue Account pursuant to the terms of the Depositary Agreement. 
 Upon the commencement of a Mandatory
Redemption, the Company will send by first class mail, a notice of redemption to each Holder, with a copy to the Trustee, pursuant to Section 3.03. 

On the Redemption Date, the Depositary Agent shall transfer from the Note Redemption Account to the Trustee an amount equal to the purchase
price of the Notes to be redeemed pursuant to such Mandatory Redemption. The Trustee, the Depositary or the Paying Agent, as the case may be, will promptly (but in any case not later than five days after the Redemption Date) mail or deliver to each

  
 57 

 
Holder an amount equal to the redemption price of the Notes being redeemed pursuant to such Mandatory Redemption in accordance with the Company’s written instructions, and the Company will
promptly issue a new Note, and the Trustee, upon written request from the Company, will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unredeemed portion
of the Note surrendered. 
 Other than as specifically provided in this Section 3.09, any redemption pursuant to this Section 3.09
shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof. 
  

	Section 3.10	Change of Control; Offer to Repurchase Upon Change of Control. 

 (a) Upon the occurrence
of a Change of Control, unless the Company has exercised its right to redeem all of the Notes as described under Section 3.07 hereof, each Holder will have the right to require the Company to repurchase all or a portion (equal to $100,000 or an
integral multiple of $1,000 in excess thereof) of that Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount of such Notes repurchased, plus accrued and unpaid interest, if any, on the Notes repurchased to
the date of purchase (the “Change of Control Payment”), (subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, without premium or penalty). Within ten
(10) Business Days after obtaining knowledge of any Change of Control, unless the Company has exercised its right to redeem all of the Notes as described under Section 3.07 hereof, the Company will send, by first-class mail a notice (the
“Change of Control Offer”) to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute the Change of Control and stating: 

(1) that the Change of Control Offer is being made pursuant to this Section 3.10 and that all Notes tendered will be
accepted for payment; 
 (2) the purchase price and the purchase date, which shall be no earlier than 30 days and no
later than 90 days from the date such notice is mailed, other than as may be required by law (the “Change of Control Payment Date”); 

(3) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer must accept and not thereafter
withdraw, such offer by delivering written notice of acceptance to the Trustee within 30 days following the date of the Change of Control Offer (the “Offer Period”), it being understood that each Holder shall have the right to
accept such Change of Control Offer prior to the expiration of the applicable Offer Period; 
 (4) that any Note not tendered
will continue to accrue interest; 
 (5) that, unless the Company fails to make the Change of Control Payment, all Notes
accepted for payment pursuant to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 

(6) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the
Notes, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on the third
Business Day preceding the Change of Control Payment Date; 
 (7) that Holders will be entitled to withdraw their election if
the Paying Agent receives, not later than the close of business on the fifth Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of
Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; and 

(8) that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the
unpurchased portion of the Notes surrendered. 

  
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 If necessary, the Company will comply with the requirements of Rule 14e-1 under the Exchange
Act and any other securities laws and regulations thereunder solely to the extent those laws and regulations are applicable in connection with the repurchase of Notes pursuant to this Section. To the extent that the provisions of any securities laws
or regulations conflict with the provisions of this Section 3.10, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 3.10 by virtue of such
compliance. 
 (b) On the Change of Control Payment Date, the Company will: 

(1) accept for payment all Notes or portions of Notes properly tendered and not withdrawn pursuant to the terms of the Change
of Control Offer; 
 (2) deposit or cause to be deposited with the Paying Agent or the Trustee an amount equal to the Change
of Control Payment in respect of all Notes or portions thereof tendered in accordance with the procedures described in clause (b) of this Section 3.10; and 

(3) deliver or cause to be delivered to the Trustee for cancellation the Notes properly accepted together with an
Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 The
Paying Agent will promptly mail (but in any case not later than five days after the Change of Control Payment Date) to each Holder that properly tendered Notes the Change of Control Payment for such Notes (or if a Holder has given wire transfer
instructions to the Paying Agent, promptly make such payment in accordance with such instructions), and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to
any unpurchased portion of the Notes surrendered, if any. 
 Interest payable on any interest payment date occurring after a Change of
Control Offer but prior to the specified date for the Change of Control Payment shall be paid to the holders of such Notes as of the close of business on the applicable interest payment record date. 

(c) Notwithstanding anything to the contrary in this Section 3.10, the Company will not be required to make a Change of Control Payment
upon a Change of Control (and any related Change of Control Offer made by the Company shall be deemed to be immediately rescinded and terminated) if (1) the Holders of at least 50.1% of the total outstanding principal amount of the Notes
(excluding Notes held by Continental Wind Holding or an Affiliate thereof) consent to such Change of Control prior to the applicable Change of Control Payment Date, (2) a third party makes the Change of Control Offer in the manner, at the times
and otherwise in compliance with the requirements set forth in this Section 3.10 and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer or (3) notice of redemption has been given pursuant to
Section 3.07 hereof, unless or until there is a default in payment of the applicable redemption price. 
 (d) Notwithstanding anything
to the contrary contained herein, a Change of Control Offer may be made in advance of a Change of Control, conditioned upon the consummation of such Change of Control, if a definitive agreement is in place for the Change of Control at the time the
Change of Control Offer is made. 

  
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 ARTICLE 4 

COVENANTS 
  

	Section 4.01	Payment of Notes. 

 The Company will duly and punctually pay, or cause to be paid, the
principal of or premium, if any, interest, Make-Whole Amounts, if any, and all other amounts due and payable on the Notes in accordance with the terms of the Notes, including the Schedule of Principal Payments set forth on Schedule 1 attached
thereto, this Indenture and the other Financing Documents. Principal, premium, if any, Make-Whole Amounts, if any, and interest, if any, will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary, holds,
as of 1:00 p.m. Eastern Time on the due date, money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, Make-Whole Amounts, if any, and interest, if any, then due.

 The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at a
rate that is 1.00% per annum higher than the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest, if any (without regard to any applicable grace period), at the same rate to the extent lawful. 
  

	Section 4.02	Maintenance of Office or Agency. 

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

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

The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in accordance with
Section 2.03 hereof. 
  

	Section 4.03	Financial Information; Reporting Requirements. 

 (a) So long as any Notes are
outstanding, the Company will furnish to the Trustee and, upon their request, furnish or cause the Trustee to furnish to the Holders: 

(1) within 75 days after the end of each of the first three fiscal quarterly accounting periods of the Company’s
Fiscal Year, quarterly consolidated financial statements of the 

  
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Company and its Subsidiaries, including the unaudited consolidated balance sheet as of such quarterly period and the related unaudited consolidated statement of income, changes in members’
equity and cash flow for such fiscal quarterly period and for the portion of such Fiscal Year ending on the last day of such fiscal period, all in reasonable detail; 

(2) within 150 days after the end of each Fiscal Year of the Company, audited annual consolidated financial statements for
such Fiscal Year for the Company and its Subsidiaries, including therein the consolidated balance sheet as of the end of such Fiscal Year and the related consolidated statement of income, changes in members’ equity, changes in financial
position and cash flows for such year, all in reasonable detail and accompanied by an audit opinion thereon by the Independent Auditors, which opinion shall state that such financial statements present fairly, in all material respects, the financial
position of the Company and its Subsidiaries at the end of, and for, such Fiscal Year in accordance with GAAP; 
 (3) at the
time of delivery of the financial statements under clauses (1) and (2) above, an Officer’s Certificate of the Company certifying that (i) such financial statements fairly present the financial condition and results of operations
of the Company on the dates and for the periods indicated in accordance with GAAP, subject in the case of interim financial statements, to the absence of footnotes and normally recurring year-end adjustments and (ii) to the knowledge of the
officer signatory thereto, no Default or Event of Default under this Indenture and no default or event of default (as such terms are defined in any other Financing Documents or any Major Project Contracts, as applicable) under any other Financing
Documents or any Major Project Contracts, as applicable, exists or if such event or condition exists, the nature of such event or condition and the corrective actions such Person has taken or proposes to take with respect thereto; 

(4) within 75 days after the end of each Fiscal Quarter of the Company’s Fiscal Year, an operations report for such
Fiscal Quarter showing operating data for the previous Fiscal Quarter, on a consolidated basis (and, in the case of each of the Harvest II Wind Project, the Beebe Wind Project, the Michigan Wind II Project, the Whitetail Wind Project and the
Shooting Star Wind Project, on a Project-specific basis), focusing on availability, electrical production, capacity, curtailment, status of scheduled and unscheduled maintenance performed and Capital Expenditures, force majeure events,
planned outages and forced outages (and the reason for such forced outages), casualty losses in excess of $10.0 million for any one casualty or loss or an aggregate of $30.0 million in any Fiscal Year and material changes to insurance
coverages, accompanied by an Officers’ Certificate of the Company certifying to the knowledge of the officer signatory thereto that such operations report is accurate and complete in all material respects and each such other document is based
upon the Company’s good faith reasonable estimates of information contained therein; 
 (5) on or before (i) the
date that is 60 days prior to the end of any Fiscal Year, (A) a draft updated operating plan for the next four Fiscal Quarters, detailed by month, on a consolidated basis (and, in the case of each of the Harvest II Wind Project, the Beebe
Wind Project, the Michigan Wind II Project, the Whitetail Wind Project and the Shooting Star Wind Project, on a Project-specific basis), and (B) a draft updated operating forecast for the next four Fiscal Quarters, on a consolidated basis (and,
in the case of each of the Harvest II Wind Project, the Beebe Wind Project, the Michigan Wind II Project, the Whitetail Wind Project and the Shooting Start Wind Project, on a Project-specific basis), and (ii) the date that is 30 days prior
to any Fiscal Year, (A) a final Annual Operating Budget for the next four Fiscal Quarters, detailed by month, and (B) a final updated operating forecast for the next four Fiscal Quarters, on a consolidated basis (and, in the case of each
of the Harvest II Wind Project, the Beebe Wind 

  
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Project, the Michigan Wind II Project, the Whitetail Wind Project and the Shooting Star Wind Project, on a Project-specific basis), in the case of the foregoing clauses (ii)(A) and (ii)(B),
accompanied by an Officers’ Certificate of the Company (which shall be countersigned by the Independent Engineer to confirm its satisfaction therewith) certifying to the knowledge of the persons signatory thereto that such operating plan is
accurate and complete in all material respects based upon the Company’s good faith reasonable estimates of information contained therein; 

(6) promptly (and in any event within ten Business Days) upon a Responsible Officer of any Company Entity obtaining Actual
Knowledge thereof, copies of material notices received by such Company Entity under the Project Contracts; 
 (7) at the time
of delivery of the financial statements under clause (2) above, an Officer’s Certificate of the Company briefly summarizing, to the Actual Knowledge of the signing Responsible Officer, the Company’s compliance with the covenants
of this Indenture during the immediately preceding Fiscal Year; and 
 (8) such other information with respect to the
condition (financial or otherwise), business, operations, performance, prospects of the Company, the Note Guarantors or the Projects as the Trustee or the Administrative Agent may from time to time reasonably request. 

(b) Notices. Each Company Entity (and, in the case of clause (9), Continental Wind Holding) must promptly (and in any event within ten
Business Days) upon a Responsible Officer of such Company Entity or Continental Wind Holding, as applicable, obtaining Actual Knowledge thereof, give notice to the Trustee of the following events and occurrences: 

(1) any fact, event, circumstance, condition or occurrence, including without limitation, any claim (including any
Environmental Claim), litigation, investigation, administrative or other proceeding affecting any Company Entity or any of the Projects, pending (including any environmental claim or proceeding) or, to the best of such Company Entity’s
knowledge, threatened in writing, which has, or would reasonably be expected to have, a Material Adverse Effect or, in the case of any filed claim, filed litigation, formal investigation, administrative or other proceeding which would reasonably be
expected, if adversely decided, to have a Material Adverse Effect; 
 (2) the occurrence of a Default or an Event of Default
or any breach or default under any Major Project Contract, which breach or default permits or would permit (with the passage of time and/or giving of notice or otherwise) the termination thereof by any party thereto; 

(3) if at any time any of the events listed in clauses (i) through (xi) of Section 6.01(q) is reasonably likely
to occur and would reasonably be expected to have a Material Adverse Effect, a written notice thereof, which notice shall state that it is an “ERISA Notice” for purposes of the Financing Documents; 

(4) at any time following delivery by any Company Entity of an ERISA Notice, within 10 Business Days after becoming aware of
any of the following, a written notice setting forth the nature thereof and the action, if any, that such Company Entity proposes to take with respect thereto: 

(A) with respect to any Plan, any “reportable event,” as defined in Section 4043 of ERISA and the regulations
thereunder, for which notice thereof has not been waived pursuant to such regulations as in effect on the date hereof; 

  
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 (B) the taking by the PBGC of steps to institute, or the threatening by the PBGC
of the institution of, proceedings under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by any Company Entity of a notice from a Multiemployer Plan that such events have, or
are reasonably expected to, taken place; or 
 (C) any event, transaction or condition that could result in the incurrence of
any liability by any Company Entity pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans, or in the imposition of any Lien on any of the rights, properties or assets of any
Company Entity pursuant to Title I or IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken together with any other such liabilities or Liens then existing, would reasonably be expected to have a Material
Adverse Effect; 
 (5) the occurrence of any force majeure event under any Major Project Contract; 

(6) the occurrence of any Loss Event the cost of which is expected to exceed $10.0 million, any Title Event and any Event
of Eminent Domain with respect to all or a material portion of any Project, Project Site or Real Property; 
 (7) the
occurrence of a Change of Control; 
 (8) any notice received by any Company Entity purporting to cancel any material
insurance policy which any Company Entity is required to maintain pursuant to Section 4.16; and 
 (9) (A) any
action, suit or proceeding at law or in equity by or before any Governmental Authority, arbitral tribunal or other body pending or threatened against Continental Wind Holding which could reasonably be expected to result in a material adverse effect
on Continental Wind Holding’s ability to grant the Liens on the Collateral intended to be granted under the Holding Pledge Agreement or otherwise perform its obligations under the Holding Pledge Agreement, and (B) the occurrence of any
other circumstance, act or condition (including the adoption, amendment or repeal of any Legal Requirement or notice (whether formal or informal, written or oral) of the failure to comply with the terms and conditions of any Legal Requirement) which
could reasonably be expected to result in a material adverse effect on Continental Wind Holding’s ability to grant the Liens on the Collateral intended to be granted under the Holding Pledge Agreement or otherwise perform its obligations under
the Holding Pledge Agreement, 
 each such notice being in the form of a certificate of a Responsible Officer specifying (to the knowledge of the officer
signatory thereto) the nature and period of existence of any such event and what action the Company, Continental Wind Holding or the applicable Project Company has taken, is taking or proposes to take with respect thereto. The Company shall, after
delivering such certificate, provide further notices as events reasonably warrant regarding the impact of the event and the implementation of any proposed cure. 

(c) Rule 144A Information. The Company shall furnish to Holders and prospective investors, upon their request, any information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Securities Act. 

(d) Compliance Certificate. The Company shall deliver to the Trustee, within 90 days after the end of each Fiscal Year, an
Officer’s Certificate certifying (to such officer’s Actual Knowledge as of 

  
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the date thereof) as to the Company’s and the Note Guarantors compliance with the covenants of this Indenture during the subject Fiscal Year (including a brief description of any Defaults or
Events of Default and what action the Company or the applicable Note Guarantor has taken, is taking or proposes to take with respect thereto). 
  

	Section 4.04	Taxes. 

 Each Financing Entity will pay all material taxes and assessments required to be
paid by it, except such as are contested in good faith and by appropriate proceedings where adequate reserves have been established or where the failure to effect such payment is not adverse in any material respect to the Holders. 

 

	Section 4.05	Restricted Payments. 

 (a) No Company Entity will directly or indirectly: 

(1) declare or pay any dividend or make any other payment or distribution (whether made in cash, securities or other property)
on account of Equity Interests in the Company or any Project Company (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any Project Company) or to the direct or indirect holders of
Equity Interests in the Company or the Project Companies in their capacity as such (other than (a) the dividend contemplated to be made on the Issue Date and described in Section 4.06, (b) dividends or distributions payable in Equity
Interests (other than Disqualified Stock) of the Company, (c) dividends or distributions payable by any Project Company to the Company, (d) dividends or distributions of amounts and investments in the Transmission Deposit Accounts upon
their release pursuant to the terms of the applicable Interconnection Agreement, (e) a dividend or distribution of a Pre-Closing Lost Production Payment and (f) a dividend or distribution of the High Mesa RECs); 

(2) purchase, redeem or otherwise acquire or retire for value (including, without limitation, in connection with any merger or
consolidation involving the Company or any Project Company) any Equity Interests of the Company, any Project Company or any direct or indirect parent of the Company; or 

(3) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value any
Indebtedness of the Company or any Project Company that is contractually subordinated to the Notes, except payments of interest or principal at the Stated Maturity thereof, 

(all such payments and other actions included in these clauses (1) (except as expressly excluded therein) through (3) above being collectively
referred to as “Restricted Payments”), unless, at the time of and after giving effect to such Restricted Payment each of the Distribution Conditions described in the immediately succeeding paragraph have been satisfied or waived as
of the date of each Restricted Payment and after giving pro forma effect to such Restricted Payment in accordance with the Depository Agreement and as of the date of each Restricted Payment no Default or Event of Default has occurred and is
continuing or would occur and be continuing as a consequence of such Restricted Payment. 
 The Company may transfer monies from the
Distribution Suspense Account for any use permitted by this Indenture including making Restricted Payments permitted by this Section 4.05 on or within 45 days following any Quarterly Payment Date if (x) as of such Quarterly Payment
Date, the following conditions (such conditions, the “Distribution Conditions”) have been satisfied or waived and (y) as of 

  
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the date of the proposed Restricted Payment, which shall be on or within 45 days following such Quarterly Payment Date (the “Restricted Payment Date”), no Default or Event
of Default has occurred and is continuing or would occur and be continuing as a consequence of such Restricted Payment: 

(a) (x) the funds then on deposit in or credited to the Debt Service Reserve Account shall be equal to or greater than the Debt
Service Reserve Requirement and (y) the funds then on deposit in or credited to the O&M Reserve Account shall be equal to or greater than the O&M Reserve Requirement; 

(b) such Restricted Payment is made only from funds remaining on deposit in the Distribution Suspense Account; 

(c) no Default or Event of Default has occurred and is continuing or would occur and be continuing as a consequence of such
Restricted Payment; 
 (d) the historical Debt Service Coverage Ratio calculated for the immediately preceding 12 month
period ending on the relevant Quarterly Payment Date based on actual historical figures, measured as of such Quarterly Payment Date, is at least 1.20 to 1.00; provided, however, for purposes of the first four Quarterly Payment Dates
after the Issue Date, the Debt Service Coverage Ratio as of each such Quarterly Payment Date shall be calculated from the first day after the Issue Date through the applicable Quarterly Payment Date; 

(e) the Projected Debt Service Coverage Ratio calculated for the 12 month period immediately following the relevant
Quarterly Payment Date is at least 1.20 to 1.00; 
 (f) there is no then outstanding principal or interest on any LC Loans
(whether or not matured) or then unreimbursed Reimbursement Obligations; and 
 (g) the Company shall have delivered to the
Trustee (without written objection from it, which objection may only be delivered on the basis that such distribution is in violation of the Depositary Agreement), at least five Business Days (but not more than 30 days) prior to the Restricted
Payment Date, a Certificate of a Responsible Officer of the Company, dated within 30 days of the Restricted Payment Date: 

(1) to the effect that all conditions for a Restricted Payment on the upcoming Restricted Payment Date have been satisfied; and

 (2) setting out in reasonable detail the calculations for computing the Debt Service Coverage Ratios and Projected Debt
Service Coverage Ratios for the relevant periods and stating that such calculations were prepared in good faith and were based on reasonable assumptions and otherwise in accordance with the definition thereof. 

For the avoidance of doubt, the Company will not be prohibited from receiving Equity Contributions from time to time; provided that the
return of such equity, including any equity contributed prior to the Issue Date, will be subject to this Section 4.05. 
 The preceding
restrictions will not prohibit (i) payments pursuant to the Global Services Agreement and the other agreements referred to in clause (j) of the definition of O&M Costs, to the extent constituting O&M Costs or
(ii) distributions by the Company to the Sponsor or any other Affiliate of the Company on the Issue Date with a portion of the net proceeds from the sale of the Notes as provided under Section 4.06. 

  
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	Section 4.06	Use of Note Proceeds; Credit Facilities. 

 The Company will use the gross proceeds from
the sale of the Notes on the Issue Date to make a distribution to the Sponsor or any other Affiliate of the Company for general business purposes and/or to pay transaction fees and expenses at the Company’s election. Letters of Credit issued
under the Credit Facilities will be used to (a) fund the Debt Service Reserve Requirement and the O&M Reserve Requirement and (b) fund the Projects’ various security or credit support requirements under certain Major Project
Contracts. The proceeds of the Working Capital Facility will be used to provide for the ongoing working capital requirements and for general corporate purposes of the Company and the Project Companies. 

 

	Section 4.07	Incurrence of Indebtedness and Issuance of Preferred Stock. 

 (a) No Company Entity will,
directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness, or issue any Disqualified Stock,
except for any of the following items of Indebtedness (collectively, “Permitted Indebtedness”): 
 (1)
Indebtedness under the Credit Facilities Agreement in an aggregate principal amount at any one time outstanding under this clause (1) (with Letters of Credit being deemed to have a principal amount equal to the maximum potential liability of
the Company thereunder) not to exceed $142.0 million plus any Incremental LC Facility, and any Replacement Credit Facilities (less, if applicable, any Guarantees issued pursuant to clause (13) below); 

(2) the Note Guarantees and guarantees of the Note Guarantors of Indebtedness of the Company under the Credit Facilities
(including any Incremental LC Facility and any Replacement Credit Facilities); 
 (3) the Wildcat Sale Leaseback to the
extent constituting Indebtedness; 
 (4) Indebtedness represented by the Notes (including any Note Guarantee); 

(5) Indebtedness of any Project Company represented by (i) secured equipment or similar financings (where the security
interests are incurred, and the Indebtedness secured thereby is created, within 60 days after the acquisition or construction of the relevant property, plant or equipment) or purchase money obligations, in each case, incurred for the purpose of
financing all or any part of the purchase price or cost of design, construction, installation or improvement of property, plant or equipment used in the business of the Project Companies in the ordinary course and (ii) Capital Lease Obligations
of any Project Company, in an aggregate amount not to exceed $10.0 million at any time outstanding; 
 (6) Indebtedness
in respect of workers’ compensation claims, self-insurance obligations, bankers’ acceptances, performance and surety bonds in the ordinary course of business; 

(7) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument
inadvertently drawn against insufficient funds, so long as such Indebtedness is covered within five Business Days; 
 (8)
contingent obligations arising from indemnities provided under the Financing Documents and the Project Contracts; 

  
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 (9) obligations of any Project Company under Permitted Commodity Hedge Agreements
to the extent constituting Indebtedness; 
 (10) Indebtedness arising from netting services, overdraft protection, cash
management obligations and otherwise in connection with deposit, securities and commodities accounts in the ordinary course of business; 

(11) intercompany loans among the Company and/or any of the Project Companies resulting from the flow of funds among the
Company Entities, so long as such loans are fully subordinated to the Senior Obligations pursuant to an agreement containing the terms attached as Exhibit F hereto and not secured by any of the Collateral; 

(12) unsecured Indebtedness in an aggregate amount at any time outstanding not to exceed $10.0 million; and 

(13) any Guaranty by the Company on behalf of a Project Company to secure obligations under a Project Contract related to
decommissioning costs for the benefit of a Governmental Authority, to the extent such credit support is required by applicable law, up to a maximum aggregate amount at any time equal to an amount that, when combined with the aggregate amount of all
outstanding LC Loans and the available amount of all outstanding Letters of Credit (but excluding LC Loans and Letters of Credit under any Incremental LC Facility) does not exceed $132.0 million. 

(b) For purposes of determining compliance with this Section 4.07, in the event that an item of Indebtedness meets the criteria of more
than one of the categories of Permitted Indebtedness described in clauses (1) through (12) of paragraph (a) above, or is entitled to be incurred pursuant to the first paragraph of this Section 4.07, the Company will be permitted
to classify and later reclassify such item of Indebtedness on the date of its incurrence in any manner that complies with this Section 4.07 and will be entitled to divide the amount and type of such Indebtedness among more than one of such
clauses under this Section 4.07. Indebtedness under the Credit Facilities outstanding on the date on which Notes are first issued and authenticated under this Indenture will initially be deemed to have been incurred on such date in reliance on
the exception provided by clause (1) of the definition of Permitted Indebtedness. All Indebtedness shall be denominated in U.S. dollars. 

(c) The amount of any Indebtedness outstanding as of any date will be: 

(1) the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue discount; 

(2) the principal amount of the Indebtedness, in the case of any other Indebtedness; and 

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

(A) the Fair Market Value of such assets at the date of determination; and 

(B) the amount of the Indebtedness of the other Person. 

  
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	Section 4.08	Leases. 

 No Company Entity shall enter into any agreement or arrangement to lease the
use of any Property or equipment of any kind (including by sale-leaseback, operating leases, capital leases or otherwise), except for (i) the Wildcat Sale Leaseback; (ii) the Beebe 1B Agreements, (iii) the Beebe 2 Agreements,
(iv) the Michigan Wind II Agreements, (v) the Harvest SFA and Related Agreements, (vi) operating leases entered into by the Project Companies in the ordinary course of business under which the aggregate payments from the Project
Companies under all such leases do not exceed $500,000 in the aggregate in any Fiscal Year, (vii) capital leases that constitute Permitted Indebtedness, (viii) on the terms and subject to the conditions of this Indenture, the lease of
rights in additional real property on commercially reasonable terms if such rights are reasonably necessary or desirable in connection with the operation of any Project and consistent with the then current Annual Operating Budget and (ix) any
other lease arrangement deemed a Lien that constitutes a Permitted Lien. 
  

	Section 4.09	Limitations on Transactions with Affiliates. 

 (a) No Company Entity shall engage in any
transactions with Affiliates except for any of the following: 
 (1) transactions entered into on or after the Issue Date on
terms which are no less favorable to such Company Entity than it would obtain in an arm’s-length transaction with a Person that is not an Affiliate of such Company Entity; 

(2) the payment of reasonable fees and compensation paid to and indemnities provided for or on behalf of officers, directors,
employees or consultants of any Company Entity; 
 (3) the payment of Restricted Payments in accordance with this Indenture;

 (4) the Global Services Agreement, and any amendments, supplements or other modifications thereto or renewals,
replacements or substitutions therefor, provided that any such amendment, supplement, modification, renewal, replacement or substitution is not materially less favorable to the Company Entities than the Global Services Agreement as in effect
on the Issue Date (except as otherwise consistent with then-prevailing market terms and conditions applicable to similar agreements), and the transactions contemplated thereby; 

(5) the Wildcat Sale Leaseback (including, from and after the end of the term of the Wildcat Lease, the transfer of the
property subject to the Wildcat Sale Leaseback to Wildcat pursuant to the terms of the Wildcat Lease), and the transactions contemplated thereby; 

(6) the PTC Offtake Agreement and the Tax Equity Option Agreement (and the transactions contemplated thereby); 

(7) the Electricity Supply Agreement, dated September 27, 2012, between Whitetail and Constellation Newenergy, Inc. (and
the transactions contemplated thereby); 
 (8) the Assignment, Shared Premises, and Shared Facilities Agreement, dated as of
April 10, 2010, by and among Cassia Gulch Wind Park, LLC, Cassia Wind Farm, LLC, Tuana Springs Energy, LLC and Exelon Wind, LLC (f/k/a John Deere Renewables, LLC); 

(9) the Permitted Co-Tenancy Agreements, the Beebe 1B Agreements and the Beebe 2 Agreements and sublease agreements; 

  
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 (10) the Agreement for the Purchase and Sale of Renewable Energy Certificates
(Oregon Windfarms — Four Corners), dated as of August 21, 2009, among Grey K Renewable Energy Limited, Oregon Windfarms, LLC, Four Corners (solely for purposes of Article 5, Section 7.2, and Articles 11 and 12) and Exelon Wind, LLC
(f/k/a John Deere Renewables, LLC) (solely for purposes of Articles 11 and 12), and the transactions contemplated thereby; 

(11) the Agreement for the Purchase and Sale of Renewable Energy Certificates (Oregon Windfarms — Four Mile), dated as of
August 21, 2009, among Grey K Renewable Energy Limited, Oregon Windfarms, LLC, Four Mile Canyon (solely for purposes of Article 5, Section 7.2, and Articles 11 and 12) and Exelon Wind, LLC (f/k/a John Deere Renewables, LLC) (solely for
purposes of Articles 11 and 12), and the transactions contemplated thereby; 
 (12) the Oregon Strategic Investment Program
Agreement, dated as of December 19, 2008, among Morrow County, Umatilla County, Four Corners, Four Mile Canyon, Pacific Canyon Windfarm, LLC, Sand Ranch Windfarm, LLC, Ward Butte Windfarm, LLC, Oregon Trail Windfarm, LLC, Butter Creek Power,
LLC, Big Top, LLC and Wagon Trail, LLC, and the transactions contemplated thereby; 
 (13) the Amended and Restated
Assignment, Shared Premises, and Shared Facilities Agreement, dated as of October 21, 2008, among Oregon Windfarms, LLC, Exelon Wind, LLC (f/k/a John Deere Renewables, LLC), Four Mile Canyon Windfarm, LLC, Four Corners Windfarm, LLC, Ward Butte
Windfarm, LLC, Pacific Canyon Windfarm, LLC, Sand Ranch Windfarm, LLC, Oregon Trail Windfarm, LLC, Butter Creek Power, LLC, Wagon Trail, LLC, and Big Top, LLC; 

(14) the 69 KV Power Line 69 KV Line Agreement, dated as of February 20, 2012, by and between Oregon Windfarms,, LLC, Four
Mile Canyon Windfarm, LLC, Four Corners Windfarm, LLC, Ward Butte Windfarm, LLC, Pacific Canyon Windfarm, LLC, Sand Ranch Windfarm, LLC, Oregon Trail Windfarm, LLC, Butter Creek Power, LLC, Wagon Trail, LLC, and Big Top, LLC, High Plateau Windfarm,
LLC, Lower Ridge Windfarm, LLC, Mule Hollow, LLC, Pine City Windfarm, LLC and Exelon Wind, LLC; 
 (15) the Wind Turbine
Lockout Agreement, dated as of February 14, 2012, by and between Oregon Windfarms,, LLC, Four Mile Canyon Windfarm, LLC, Four Corners Windfarm, LLC, Ward Butte Windfarm, LLC, Pacific Canyon Windfarm, LLC, Sand Ranch Windfarm, LLC, Oregon Trail
Windfarm, LLC, Butter Creek Power, LLC, Wagon Trail, LLC, and Big Top, LLC, High Plateau Windfarm, LLC, Lower Ridge Windfarm, LLC, Mule Hollow, LLC, Pine City Windfarm, LLC and Exelon Wind, LLC; 

(16) the Agreement Regarding Shared Interconnection Facilities, dated as of January 18, 2012, by and between Oregon
Windfarms,, LLC, Four Mile Canyon Windfarm, LLC, Four Corners Windfarm, LLC, Ward Butte Windfarm, LLC, Pacific Canyon Windfarm, LLC, Sand Ranch Windfarm, LLC, Oregon Trail Windfarm, LLC, Butter Creek Power, LLC, Wagon Trail, LLC, and Big Top, LLC,
High Plateau Windfarm, LLC, Lower Ridge Windfarm, LLC, Mule Hollow, LLC, Pine City Windfarm, LLC and Exelon Wind, LLC; 

(17) Addendum L to PPAs– Station Losses and Net Output Allocation Alogorithm for the Morrow Projects, by and among
PacifiCorp, Sand Ranch Windfarm, LLC, Orego Trail Windfarm, LLC, Ward Butte Windfarm, LLC, Pacific Canyon Windfarm, LLC, Four Corners Windfarm, LLC, Big Top, LLC, Butter Creek Power, LLC, Wagon Trail, LLC, Lower Ridge Windfarm, LLC, High Plateau
Windfarm, LLC, Mule Hollow Windfarm, LLC and Pine City Windfarm, LLC; 

  
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 (18) the Reimbursement Agreement, dated September 23, 2013, by and between
Continental Wind, LLC and Exelon Generation Company, LLC regarding insurance costs; 
 (19) the Reimbursement Agreement,
dated September 23, 2013, by and between Continental Wind, LLC and Exelon Generation Company, LLC regarding certain guaranties provided by Exelon Generation Company, LLC for the benefit of certain Project Companies; 

(20) Land Lease Agreement, dated February 9, 2012, by and between Tuana Springs Energy, LLC and High Mesa Energy, LLC;

 (21) the Harvest SFA and Related Agreements; 

(22) the Michigan Wind 2 Agreements; and 

(23) the Assignment Agreement, dated September 23, 2013, by and among Exelon Wind, LLC, the Company and High Mesa
regarding the High Mesa RECs and certain general obligations. 
 Prior to entering into any transaction contemplated by clause (1) of this
Section 4.09, the Company shall deliver to the Trustee an Officers’ Certificate, as reviewed by the Independent Engineer, stating that, to the knowledge of the Officer signatory thereto, the requirements of such clause (1) are
satisfied. 
  

	Section 4.10	Limitation on Liens. 

 No Company Entity will, directly or indirectly, create, incur,
assume or suffer to exist any Lien of any kind securing Indebtedness or trade payables on any asset now owned or hereafter acquired, except Permitted Liens. 
  

	Section 4.11	Conduct of Business; Maintenance of Properties, Etc. 

 The Company will own and
manage the Project Companies in conformity with the requirements of the Financing Documents. The Project Companies will operate, manage and maintain (or cause to be operated, managed and maintained) the Projects in conformity with their respective
obligations under the Major Project Contracts to which they are a party and all Permits issued to them, and all insurance policies, in accordance with Prudent Operating Practices, except where the failure to so operate, manage and maintain the
Projects would not reasonably be expected to result in a Material Adverse Effect. The Company will, or the applicable Project Company will, maintain, renew and replace in accordance with Prudent Operating Practices agreements (whether as a master
agreement and/or individual agreements) with affiliates or qualified third parties providing for necessary operation and management services for the Projects. 
  

	Section 4.12	Maintenance of Existence. 

 Each Financing Entity (i) will preserve and maintain
(A) its existence and good standing under the laws of the state of its formation or incorporation and (B) its qualification to do business in each other jurisdiction in which the character of its properties or the nature of its activities
makes such qualification necessary, except where the failure to be so qualified in such other jurisdiction would not reasonably be expected to result in a Material Adverse Effect and (ii) obtain and maintain, or cause to be obtained or
maintained, as the case may be, as and when needed, all material Permits necessary for the operation of the applicable Projects and conduct of the applicable Project Companies’ business, except where any failure to obtain and maintain such
Permits would not reasonably be expected to have a Material Adverse Effect. 

  
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	Section 4.13	Separate Existence. 

 (i) Each Financing Entity shall (a) maintain entity records
and books of account separate from those of any other entity (other than in the case of books of accounts, the other Financing Entities) which is an Affiliate of the Company or any Project Company, (b) act solely in its name and through its
duly authorized officers, managers, representatives or agents in the conduct of its businesses, (c) conduct in all material respects its business solely in its own name, in a manner not misleading to other Persons as to its identity (without
limiting the generality of the foregoing, all oral and written communications (if any), including invoices, purchase orders, and contracts), (d) comply in all material respects with the terms of its certificate of formation and limited
liability company agreement (or similar constituent documents), (e) not commingle its funds or assets with those of any other entity (other than the other Financing Entities) which is an Affiliate of the Company or any Project Company and
(ii) Continental Wind Holding shall at all times maintain at least one independent director who for the five year period prior to his or her appointment as an independent director, has not been, and during the continuation of his or her service
as an independent director is not: (x) an employee, director, stockholder, partner or officer of the Company, Continental Wind Holding, the Project Companies or the Sponsor (other than his or her service as an independent director or similar
capacity of the Company, Continental Wind Holding, the Project Companies or the Sponsor); (y) a customer or supplier of the Company, Continental Wind Holding, the Project Companies or the Sponsor (other than an independent director provided by
a corporate services company that provides independent directors in the ordinary course of its business); or (z) any member of the immediate family of a person described in (x) or (y). 

 

	Section 4.14	Maintenance of Books and Records, Inspection, Fiscal Year. 

 The Company will maintain
its books, accounts and records in accordance in all material respects with GAAP. Each Company Entity will provide the Trustee and the Independent Engineer with reasonable inspection rights with respect to its Project and its books and records. The
Company will not change its Fiscal Year, and each Company Entity shall keep books of accounts or records concerning its accounts, contract rights and proceeds at its office identified in Section 12.01 hereof (as the address may be changed from
time to time in accordance with this Indenture). 
  

	Section 4.15	Annual Operating Budget. 

 On or prior to the date 30 days prior to the end of each
Fiscal Year after the Issue Date (other than the 2013 Fiscal Year), the Company will adopt (and deliver a copy to the Trustee) an Annual Operating Budget for the immediately following Fiscal Year, and the Company and the Project Companies shall use
commercially reasonable efforts to comply with such adopted Annual Operating Budget during the applicable Fiscal Year. 
  

	Section 4.16	Insurance. 

 The Company will purchase or provide (or cause to be purchased or provided)
and maintain (or cause to be maintained), with responsible and financially sound insurance carriers, customary insurance coverage for the Projects in accordance with Prudent Operating Practices. 

All insurance must be placed with insurance companies rated “A-X” or better by A.M. Best’s Insurance Guide and Key Ratings
(or equivalent rating by another nationally recognized insurance rating agency of similar standing if A.M. Best’s Insurance Guide and Key Ratings is no longer published). The Company and the Project Companies must carry and maintain the
following insurance coverages: (i) comprehensive or commercial general liability (with a per occurrence limit of not less than $1.0 million for injuries or death to one or more persons or damage to property resulting from any one

  
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occurrence and a $2.0 million annual aggregate limit for products or completed operations), (ii) automobile liability to the extent the Company or any Project Company own, hire, lease
or use non-owned automobiles, (iii) worker’s compensation and employer’s liability insurance to the extent the Company or any Project Company have direct employees, (iv) excess umbrella liability insurance of not less than
$25.0 million per occurrence and in the annual aggregate and (v) “all risk” property insurance covering all of the Projects’ assets and machinery and equipment and any property for which the Projects have responsibility to
insure (except coverage for transmission and distribution lines which shall be at the option of the Project Company), with a limit equal to the full replacement cost value or an acceptable loss limit with no deduction for depreciation or coinsurance
penalty basis, including earthquake and flood insurance on a sub-limited annual aggregate basis and business interruption insurance. The Company will not be required to maintain any such insurance to the extent it is not available on commercially
reasonable terms in the commercial insurance market. All policies of insurance shall name the Collateral Agent and the Trustee as an additional insured (with the exception of workers compensation) and the Collateral Agent as loss payee pursuant to a
loss payee/mortgagee clause, as applicable, in a form approved by the Insurance Consultant with respect to insurance required in clause (v) above. 
  

	Section 4.17	Perfection or Validity and Maintenance of Security Interests. 

 Each Financing Entity
shall at its expense, prepare, give, execute, deliver, file and/or record any notice, financing statement, continuation statement, public deed, instrument or agreement necessary to maintain, preserve, continue, perfect or validate a first priority
security interest granted under the Security Documents or pursuant to the Security Documents for the benefit of the Holders with respect to such security interest, subject to Permitted Liens. The Company shall, at its expense, furnish the Trustee
and Collateral Agent, no later than 120 days following each fourth anniversary of the date of this Indenture, with an Officer’s Certificate specifying the action taken or required to be taken by it to comply with the requirements of this
Section 4.17 since the date of this Indenture or the last such Officer’s Certificate, or stating that no such action is necessary. 
  

	Section 4.18	Maintenance of Priority of the Notes. 

 The Company shall ensure that its payment
obligations with respect to the Notes will constitute its direct, unconditional and general senior secured obligations and will rank pari passu with all of its other Senior Debt and senior in priority of payment, in right of security and
in all other respects over all of its other Indebtedness, with the exception of Permitted Indebtedness, which shall rank pari passu or subordinate in priority of payment and in right of security to such payment obligations. Each Note
Guarantor will ensure that its respective payment obligations with respect to the Note Guarantee will constitute its direct, unconditional and general senior secured obligations and will rank pari passu with all of its other senior
Indebtedness and senior in priority of payment, in right of security and in all other respects over all of its other Indebtedness, with the exception of Permitted Indebtedness, which shall rank pari passu or subordinate in priority of
payment and in right of security to such payment obligations. 
  

	Section 4.19	Maintenance of Rights in Project Property. 

 Each Company Entity shall preserve and
maintain good and valid title or valid leasehold or subleasehold rights, easement or subeasement rights, or license rights to all properties and assets of such Company Entity (subject to no Liens other than Permitted Liens), unless failure to
maintain or preserve such title or rights would not reasonably be expected to result in a Material Adverse Effect. 

  
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	Section 4.20	Compliance with Laws and Agreements; Maintenance of Permits. 

 Each Company Entity will
(i) comply with all applicable laws and regulations (including any Environmental Laws) of any Governmental Authority having jurisdiction over such Company Entity or its business and the operation of the applicable Projects and Prudent Operating
Practices applicable to such Company Entity’s business and operation of the applicable Projects and (ii) take all necessary action to obtain and maintain in full force and effect all material Permits and rights required to be obtained from
time to time by such Company Entity in connection with the conduct of its business and the transactions contemplated by the Major Project Contracts and the Financing Documents, except, in each case, where the failure to comply, obtain or maintain
would not reasonably be expected to result in a Material Adverse Effect. 
  

	Section 4.21	Limitation on Nature of Business. 

 (a) The Company shall not engage or enter into any
business other than the issuance of the Notes and the incurrence of other Indebtedness and Liens permitted under the Financing Documents and holding of direct Equity Interests in the Project Companies and ancillary activities related thereto and
(b) none of the Project Companies shall engage or enter into any business other than the financing, ownership, operation, maintenance and administration of the Projects as contemplated by the Transaction Documents, the sale of Power generated
and Environmental Attributes and tax benefits produced thereby and ancillary activities related thereto. 
 (b) Continental Wind Holding
shall not (i) directly conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations or other activity other than those related to its ownership of the Capital Stock of the Company
and the performance of its obligations under the Financing Documents and ancillary activities related thereto, including (A) activities associated with the making of capital contributions to the Company and (B) the issuance of Capital
Stock in connection with its ownership of the Company and the Project Companies, in each case for the purposes contemplated by this Agreement; (ii) create, incur, assume or suffer to exist (A) any Indebtedness other than
(x) Indebtedness outstanding under its Note Guarantee and (y) Indebtedness described in clauses (7), (8), (10) and (11) of Section 4.07(a) or (B) any Lien other than Permitted Liens set forth in clauses (1)
and (2) of the definition of “Permitted Liens”; (iii) directly own, lease, manage or otherwise operate any material properties or assets other than the ownership of shares of Capital Stock of the Company and Cash Equivalent
Investments received in connection therewith pending application thereof as contemplated by the Financing Documents; (iv) directly or indirectly, amend or modify any of its organizational documents, including the separateness provisions
thereof, or permit or suffer to exist any amendment or modification of any of its organizational documents if any such amendment or modification materially and adversely affects any material rights or remedies of any of the Secured Parties under the
Security Documents or would permit the termination of a Major Project Contract by a counterparty thereto; (v) change its legal form; (vi) liquidate, wind-up or dissolve, or sell, lease or otherwise transfer or dispose of all or
substantially all of its property, assets or business or combine, merge or consolidate with or into any other entity; (vii) implement any acquisition or purchase of assets consisting of a business or line of business from any Person;
(viii) create, form or acquire any new Subsidiary or enter into any partnership or joint venture; or (ix) except as contemplated in clause (i) above, make any investments (whether by purchase of stocks, bonds, notes or other
securities, loan, extension of credit, advance or otherwise). 
  

	Section 4.22	Limitation on Termination or Amendments to Major Project Contracts. 

 No Company Entity
will cause or consent to or permit, any amendment, modification, extension, variance or waiver of timely compliance with any material terms or conditions of any Major Project 

  
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Contract, or cause or consent to or permit any termination, cancellation, assignment or replacement (other than upon expiration in accordance with its terms) of any Major Project Contract;
provided, however, that (a) the Company or the applicable Project Company may cause, consent to or permit such an amendment, modification, extension, variance or waiver if (i) such amendment, modification, extension, variance
or waiver is entered into to correct errors or is of a ministerial nature; (ii) such amendment, modification, extension, variance or waiver is no less favorable to Continental Wind or the applicable Project Company than commercially reasonable
and would not reasonably be expected to result in a Material Adverse Effect; or (iii) in the case of any material amendment or material modification of a PPA that adversely affects Project Revenues by more than $5.0 million annually in the
aggregate, when aggregated with all previous amendments or modifications in such calendar year with respect to all PPAs, or $15.0 million in the aggregate, when aggregated with all previous amendments or modifications prior to the Maturity Date
with respect to all PPAs, the Company delivers evidence of a Ratings Reaffirmation; and (b) the Company or the applicable Project Company may cause, consent to or permit a termination (or an effective termination by assignment) or cancellation
of a Major Project Contact if (i) for any Major Project Contract that is a Specified Major Project Contract or a Wildcat Sale Leaseback Document, such termination or cancellation would not reasonably be expected to have a Material Adverse
Effect or the Company delivers evidence of a Ratings Reaffirmation, or (ii) for any other Major Project Contract, such Major Project Contract is replaced with a Replacement Project Contract or the Company delivers evidence of a Ratings
Reaffirmation (in each case after giving effect to any required mandatory redemption). After the execution and delivery of any material amendment, modification, extension, assignment, variance or waiver of timely compliance of any terms or
conditions of any Major Project Contract or a new Major Project Contract, the Company shall (A) promptly furnish the Trustee, the Administrative Agent and the Collateral Agent with certified copies of such amendment, modification, extension,
assignment, variance or waiver of or new Major Project Contract and (B) within 90 days, furnish any ancillary contract documents applicable to such material amendment, modification, extension, termination, variance or waiver of timely
compliance. Notwithstanding the foregoing, the Company will not (i) cause or consent to or permit, any amendment, modification, extension, variance or waiver of timely compliance with any material terms or conditions of the PTC Offtake
Agreement, or cause or consent to or permit any termination, cancellation, assignment or replacement (other than upon expiration in accordance with its terms) of the PTC Offtake Agreement, provided, however, that the Company may cause,
consent to or permit such an amendment, modification, extension, variance or waiver if such amendment, modification, extension, variance or waiver is entered into to correct errors or is of a ministerial nature or (ii) cause or consent to or
permit, any amendment, modification, extension, variance or waiver of timely compliance with any material terms or conditions of (x) Section 19 of the Amended and Restated Power Purchase Agreement, dated September 28, 2011 and amended
and restated as of March 7, 2012, between Whitetail and Austin Energy or (y) Section 5.6 of the Second Amended and Restated Power Purchase Agreement, dated as of June 14, 2013, between [*] and [*], in each case resulting in
(x) an earlier exercise time, (y) in the case of the Whitetail Wind Project, a reduced purchase price or (z) any other change that would have a material adverse effect on the Holders. 

 

	Section 4.23	Organizational Documents. 

 Each Company Entity will comply with and not amend or modify
any of its organizational documents, including the separateness provisions thereof, or permit or suffer to exist any amendment or modification of any of its organizational documents if any such amendment or modification materially and adversely
affects any material rights or remedies of any of the Secured Parties under the Security Documents or would permit the termination of a Major Project Contract by a counterparty thereto. 

  
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	Section 4.24	Fundamental Changes; Asset Dispositions and Acquisitions. 

 No Company Entity shall (in
one transaction or a series of transactions) merge into or consolidate with or wind up into (whether or not the Company or any Project Company, as applicable, is the surviving entity), or acquire all or any substantial part of the assets or any
class of stock or other ownership interests of, any other Person or sell, transfer or otherwise dispose of all or substantially all of its assets to any other Person. 

No Company Entity shall purchase or acquire any assets other than: (i) the purchase of assets in the ordinary course of business as
reasonably required in connection with the operation and maintenance of the applicable Projects, including maintenance Capital Expenditures, Required Capital Expenditures and Emergency Capital Expenditures and as contemplated in the Beebe 1B
Agreements, the Beebe 2 Agreements, the Michigan Wind II Agreements and the Harvest SFA and Related Agreements; (ii) Capital Expenditures funded solely from Equity Contributions to the Company; (iii) purchase of assets reasonably required
by applicable law; (iv) on the terms and subject to the conditions of this Indenture, the purchase or acquisition of rights in additional real estate on commercially reasonable terms if reasonably necessary or desirable in connection with the
operation of any Project; and (v) Cash Equivalent Investments. 
 No Company Entity shall sell, transfer, convey, lease or otherwise
dispose of any assets other than Permitted Asset Sales or (in the case of leases) as provided in Section 4.08; provided that, notwithstanding the foregoing, the sale, lease, transfer, conveyance or other disposition of all or
substantially all of the assets of the Company or any Project Company will be governed by the first paragraph of this Section 4.24. 
  

	Section 4.25	Hedging Agreements; Permitted Commodity Hedge Agreements. 

 No Company Entity will incur
any Hedging Obligations or enter into any foreign currency trading or any speculative transactions, except Permitted Commodity Hedge Agreements. For the avoidance of doubt, neither the PTC Offtake Agreement or the Wildcat Sale Leaseback shall be
deemed Hedging Obligations. 
  

	Section 4.26	Investments. 

 No Company Entity shall make any advance, loan, extension of credit (by
way of guaranty or otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities or Equity Securities of, or any assets constituting a business unit of, or make any other investment in, any
Person, other than: 
 (a) Cash Equivalent Investments; 

(b) Capital Expenditures permitted under Section 4.27 hereof; 

(c) investments consisting of extensions of credit in the nature of deposits, prepayments, accounts receivable, notes receivable or other
similar accounts arising from the grant of trade credit in the ordinary course of business; 
 (d) investments received in satisfaction or
partial satisfaction thereof from financially troubled account debtors and other credits to suppliers in the ordinary course of business; 

  
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 (e) investments in the ordinary course of business consisting of UCC Article 3 endorsements
for collection or deposit and UCC Article 4 customary trade arrangements with customers consistent with past practices; 
 (f)
investments of amounts in the Transmission Deposit Accounts or the Escrow Accounts made in the ordinary course of business; 
 (g) the
Wildcat Sale Leaseback, to the extent deemed to be an investment (including, from and after the end of the term of the Wildcat Lease, the transfer of the property subject to the Wildcat Sale Leaseback to Wildcat pursuant to the terms of the Wildcat
Lease); 
 (h) transactions pursuant to the PTC Offtake Agreement, the Tax Equity Option Agreement and any Permitted Commodity Hedge
Agreement, to the extent deemed to be an investment; 
 (i) Permitted Co-Tenancy Agreements, Beebe 1B Co-Tenancy Agreements, the Beebe 2
Co-Tenancy Agreement, the Harvest SFA and Related Agreements and the Michigan Wind II Agreements, to the extent deemed to be an investment or joint venture; and 

(j) Investments consisting of Restricted Payments, Indebtedness, acquisitions and leases to the extent otherwise permitted under
Sections 4.05, 4.07, 4.08 or 4.24. 
  

	Section 4.27	Capital Expenditures. 

 No Company Entity shall make any Capital Expenditures other than:

 (a) Required Capital Expenditures; 

(b) Emergency Capital Expenditures; 

(c) Capital Expenditures financed with proceeds of Equity Contributions made to the Company and the Project Companies; and 

(d) the Company Entities will have the right to make (or cause to be made) Discretionary Capital Expenditures, without expense to or the
consent of any Secured Party; provided that any such Discretionary Capital Expenditure will not be permitted hereunder if it (i) will decrease by more than a de minimis amount the then current value, residual value, utility,
or remaining useful life of the applicable Project immediately prior to such Discretionary Capital Expenditure, (ii) will cause the applicable Project to become “limited use property” or (iii) would reasonably be expected to have
a Material Adverse Effect. In addition, such Discretionary Capital Expenditure will only be permitted if: 
 (1) the
Distribution Conditions are satisfied, applied as if such Discretionary Capital Expenditure were a Restricted Payment, and as of the date of the proposed Discretionary Capital Expenditure, no Default or Event of Default has occurred and is
continuing or would occur and be continuing as a consequence of such Discretionary Capital Expenditure; 
 (2) the funds
applied to such Discretionary Capital Expenditure are available from the funds remaining on deposit in the Revenue Account immediately prior to transfer to the Distribution Suspense Account; 

(3) the Company provides to the Trustee, the Administrative Agent and the Collateral Agent a written confirmation from the
Independent Engineer that such Discretionary 

  
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Capital Expenditure is not reasonably expected to materially reduce or impair the wind resources available to the applicable Project Company for the purpose of satisfying the obligations of the
applicable PPA; and 
 (4) the Company or the applicable Project Company shall have received all consents and approvals from
any Governmental Authority having jurisdiction. 
  

	Section 4.28	Subsidiaries; Partnerships. 

 No Company Entity shall create or suffer to exist any
Subsidiaries (other than, (a) in the case of the Company, the Project Companies and (b) in the case of Wildcat, Wildcat Finance). No Company Entity shall become a general partner in any general or limited partnership or joint venture or
other similar arrangement, whether in corporate, partnership or other legal form (other than, to the extent considered a joint venture, the Permitted Co-Tenancy Agreements). 
  

	Section 4.29	Accounts. 

 No Company Entity shall open and/or maintain any bank, brokerage or other
account other than the Accounts, the Transmission Deposit Accounts, the Escrow Accounts and the Local Accounts, except as permitted under this Indenture. Each Company Entity will take all commercially reasonable actions necessary to cause Project
Revenues (i) to be deposited in the Accounts as and to the extent required by the Depositary Agreement and this Indenture and (ii) otherwise be applied consistently with the terms of the Depositary Agreement and this Indenture. 

 

	Section 4.30	Performance of Major Project Contracts. 

 Each Company Entity will perform and observe
the covenants and obligations under each Major Project Contract and other Project Contract to which it is a party and diligently exercise and enforce all of its rights and remedies under each such Major Project Contract and other Project Contract,
except in each case where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 
  

	Section 4.31	Exercise of Rights. 

 To the extent commercially reasonable under the circumstances in
accordance with Prudent Operating Practices, each Company Entity will diligently pursue all rights and remedies under any insurance policy or Project Contract with respect to the receipt of Loss Proceeds or other compensation available to it upon
the occurrence of a Loss Event, including an Event of Eminent Domain. 
  

	Section 4.32	Consents to Assignment. 

 Concurrently with or promptly after entering into any
Additional Major Project Contract, including any Replacement Project Contract, after the Issue Date, the Company or the applicable Company Entity shall give or cause to be given written notice to the counterparty thereto of the security interest
therein granted under the Security Documents and (a) with respect to any Replacement Project Contract that replaces a Major PPA (and any further Replacement Project Contracts therefor), will obtain, or cause the applicable Project Company to
obtain, from the counterparty under such Replacement Project Contract, and deliver or cause to be delivered to the Trustee, a Consent and (b) with respect to any other Additional Major Project Contract, will cause such contract to be assignable
as Collateral in accordance with its terms or obtain, or cause the applicable Project Company to obtain, from the counterparty under such contract, a Consent. 

  
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	Section 4.33	Additional Major Project Contracts. 

 No Company Entity will enter into any Additional
Major Project Contract, including any Replacement Project Contract, if entering into such document (i) would reasonably be expected to result in a Material Adverse Effect, or (ii) would reasonably be expected to result in a breach or
default under the terms of any other Major Project Contract, which breach or default permits or would permit (with the passage of time and/or giving notice or otherwise) the termination thereof by any party thereto. 

 

	Section 4.34	Rating. 

 The Company shall use commercially reasonable efforts to cause each of the
applicable Rating Agencies to continue to provide a rating on the Notes (but not a maintenance of a minimum rating). 
  

	Section 4.35	Restriction on Subsidiary Distributions. 

 Neither the Company nor any Note Guarantor
shall enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Project Company to (a) make Restricted Payments in respect of any Capital Stock of such Project Company held by, or pay any
Indebtedness owed to, the Company, (b) make loans or advances to, or other Investments in, the Company or (c) transfer any of its assets to the Company, except for such encumbrances or restrictions (i) existing under or by reason of
any restrictions existing under, or otherwise expressly provided to the contrary in, the Financing Documents or (ii) in any other Project Contract in effect as of the Issue Date (or any replacements, renewals or substitutions thereof to the
extent no more onerous or restrictive than the provision applicable under the relevant Project Contract being replaced, renewed or substituted). 
  

	Section 4.36	Loss Event. 

 If any material Loss Event occurs with respect to any Project or any part
thereof, the Company or the applicable Project Company will (i) diligently pursue all rights to compensation and remedies against all relevant insurers, reinsurers and governmental authorities, as applicable, in respect of such event,
(ii) if the Company has received written notice from the Collateral Agent (at the direction of the Required Secured Parties), not compromise or settle any claim with respect to any Loss Event involving more than $10.0 million per claim and
(iii) pay or apply all Loss Proceeds (as defined in the applicable Financing Documents) stemming from such event in accordance with the Financing Documents. 
  

	Section 4.37	Loss Events and Events of Taking. 

 The Company shall redeem the Notes with Loss Proceeds
in accordance with Section 3.09 hereof and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such redemption (without
premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest
payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Loss Proceeds, the Notes and
outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based on the amounts required
to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be
redeemed). 

  
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	Section 4.38	Title Events. 

 The Company shall redeem the Notes with Title Event Proceeds in
accordance with Section 3.09 hereof and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such redemption (without
premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest
payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Title Event Proceeds, the Notes and
outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based on the amounts required
to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be
redeemed). 
  

	Section 4.39	Project Contract Termination. 

 The Company shall repay the Notes with Project Contract
Termination Proceeds in accordance with Section 3.09 hereof and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such
redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the
relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Project Contract
Termination Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata
basis, based on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of
$1,000 in excess thereof, will be redeemed). 
  

	Section 4.40	Material Asset Sales. 

 The Company shall repay the Notes with Asset Sale Proceeds in
accordance with Section 3.09 hereof and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such redemption (without
premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest
payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Asset Sale Proceeds, the Notes and
outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based on the amounts required
to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be
redeemed). 

  
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	Section 4.41	Accumulation of Amounts in Distribution Suspense Account. 

 The Company shall repay the
Notes with accumulated amounts in the Distribution Suspense Account on the last Quarterly Payment Date of any Distribution Suspense Period in accordance with Section 3.09 hereof and the provisions of the Depositary Agreement, to the extent
required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes redeemed in any such redemption will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption
(without premium or penalty), subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of
such funds on deposit in such sub-account, the Notes will be redeemed on a pro rata basis, based on the amounts required to be redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal
denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 
  

	Section 4.42	Tax Equity Option Payment Proceeds; Whitetail Wind Project Prepayment Amount. 

 (a) If
the Company or any Project Company receives any Tax Equity Option Payment pursuant to the Tax Equity Option Agreement, then, within five (5) Business Days of receipt of such Tax Equity Option Payment, the Company shall provide written direction
to the Depositary Agent to deposit or transfer the Net Available Amount of such Tax Equity Option Payment to the Note Redemption Account, which amount shall be used to redeem the maximum principal amount of Notes that may be redeemed out of such
proceeds in accordance with Section 3.09 hereof and the provisions of the Depositary Agreement. The redemption price for the Notes redeemed in any such redemption will be equal to 100% of the principal amount, plus accrued and unpaid interest,
if any, to the date of redemption (without premium or penalty), subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal
amount of Notes exceeds the amount of the Tax Equity Option Payment, the Notes will be redeemed on a pro rata basis, based on the amounts required to be redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes
in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 
 (b) If the
Whitetail Wind Project is sold pursuant to clause (11) of the definition of Permitted Asset Sale, then, prior to or substantially simultaneously with the consummation of such sale, the Company shall deposit or cause to be deposited into the
Note Redemption Account an amount in cash equal to $2,500,000 (the “Whitetail Wind Project Prepayment Amount”), which amount shall be used to redeem the maximum principal amount of Notes that may be redeemed out of such amount in
accordance with Section 3.09 hereof. The redemption price for the Notes redeemed in any such redemption will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption (without premium or
penalty), subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of the Whitetail Wind
Project Prepayment Amount, the Notes will be redeemed on a pro rata basis, based on the amounts required to be redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of
$100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 
  

	Section 4.43	Payments for Consent. 

 No Company Entity will, directly or indirectly, pay or cause to
be paid any consideration to or for the benefit of any Holder of Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid and
is paid to all Holders of the Notes that consent, waive or agree to amend in the applicable time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 

  
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	Section 4.44	Further Assurances. 

 Each Company Entity will, at its own cost and expense, execute and
deliver to the Trustee all such documents, instruments and agreements and do all such other acts and things as may be reasonably required, or as may be reasonably requested by the Trustee or the Collateral Agent, to enable the Trustee or the
Collateral Agent, as applicable to exercise and enforce its rights in connection with the Collateral provided for in the Security Documents and this Indenture, and take such other actions as reasonably may be necessary to carry out the intent of
this Indenture. Each Financing Entity will maintain the Liens created under the Security Documents as valid and enforceable perfected (or, in the case of Real Property, valid) Liens in and on all the Collateral, in favor of the Collateral Agent for
the benefit of the Secured Parties, superior to and prior to the rights of all third Persons and subject to no other Liens, in each case, other than Permitted Liens. 
  

	Section 4.45	Energy Regulatory Status. 

 (a) Prior to the date that any Project Company that is a QF
makes sales of electric energy generated by its Project that are not exempt from the requirements of Section 205 of the Federal Power Act, such Project Company shall obtain and deliver to the Trustee an order from FERC granting such Project
Company MBR Authority, which order shall be in full force and effect. Each Company Entity shall take or cause to be taken all necessary actions so that such Company Entity (A) will be in material compliance with the requirements of the Federal
Power Act, PUHCA and PURPA, and (B) has made all necessary filings to remain in material compliance with its MBR Authority to the extent such Project Company has MBR Authority. 

(b) Each Company Entity shall take or cause to be taken all necessary actions and make all necessary filings so that each Project Company
maintains its status as an EWG under PUHCA or as a QF (and shall maintain the applicable status as required under any Major Project Contract). 

(c) Each Project Company shall maintain its exemption from financial, organizational or rate regulation as a public utility under the laws of
the state in which its Project is located and any other state with jurisdiction over the operations of such Project. 
  

	Section 4.46	Negative Pledge Clauses. 

 Neither the Company nor any Note Guarantor shall enter
into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Company or any Note Guarantor to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or
hereafter acquired, to secure its Obligations under the Note Documents other than (a) this Indenture and the other Note Documents and the Credit Facilities Documents, (b) any agreements governing any purchase money Liens or Capital Lease
Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed thereby) and (c) other Project Contract in effect as of the date hereof (or any replacements, renewals or
substitutions thereof to the extent no more onerous or restrictive than the provision applicable under the relevant Project Contract being replaced, renewed or substituted). 

  
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	Section 4.47	Fiscal Year, Name, Location and EIN. 

 Neither the Company nor any Note Guarantor shall
change (a) its Fiscal Year, name or federal employer identification number or (b) its jurisdiction of organization, its organization identification number or the location of its principal place of business, in the case of either
(a) or (b) without at least 10 days’ prior written notice to the Trustee and the Collateral Agent. 
  

	Section 4.48	Hazardous Materials and Protected Organisms. 

 No Company Entity shall use or Release any
Hazardous Materials or harm or kill any organisms protected under any Environmental Law in violation of any Environmental Laws, other Legal Requirements or applicable Necessary Project Permits in a manner that would reasonably be expected to result
in a Material Adverse Effect. In the event of any such Release, the Company or the applicable Project Company shall conduct and complete any investigation, study, sampling and testing, and undertake any corrective, cleanup, removal, response,
remedial or other action necessary to identify, report, remove and remediate all such Hazardous Materials Released at, on, in, under or from any of the applicable Projects or applicable Real Property, to the extent required by and in accordance in
all respects with the requirements of all Environmental Laws. In the event of any such harming or killing, the applicable Company Entity shall complete any investigation and undertake any corrective or compensatory measures relating to the harming
or killing of such organisms as required by and in accordance in all respects with the requirements of all Environmental Laws. 
  

	Section 4.49	Stay, Extension and Usury Laws. 

 Each Financing Entity covenants (to the extent that it
may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that would prohibit
or forgive such Financing Entity from paying all or any portion of (i) with respect to the Company, the Note Obligations or (ii) with respect to the other Financing Entities, the Guaranteed Obligations as contemplated herein; and each
Financing Entity (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 
 ARTICLE 5

 NOTE GUARANTEE 
  

	Section 5.01	Note Guarantee. 

 Subject to the provisions of this Article 5, each Note Guarantor
hereby fully, unconditionally and irrevocably guarantees, jointly and severally with each other Note Guarantor, to each Holder of the Notes and the Trustee and their respective successors, indorsees, transferees and assigns the full and punctual
payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the principal of, premium, if any, Make-Whole Amount, if any, and interest on the Notes and all other obligations and liabilities of the Company under this
Indenture (including without limitation interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Company or any Note Guarantor whether or not a claim
for post-filing or post-petition interest is allowed in such proceeding), and the other Note Documents (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). Each Note Guarantor further agrees that
the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from it, and that it will remain bound under this Article 5 notwithstanding any extension or renewal of any Guaranteed Obligation. 

  
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 Each Note Guarantor waives notice of protest for nonpayment, notice of presentment for payment,
demand, protest, and notice thereof as to any of the Guaranteed Obligations. Each Note Guarantor waives notice of any default under the Notes or the Guaranteed Obligations. 

Each Note Guarantor further agrees that its Note Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of
collection) and waives any right to require that any resort be had by the Trustee, the Collateral Agent or any Holder to any security held for payment of the Guaranteed Obligations. In addition, the Guaranteed Obligations of each Note Guarantor
under or in respect of its Note Guarantee are independent of the Note Guarantees or any other Guaranteed Obligations of any other Note Guarantors under or in respect of this Indenture or the other Note Documents, and a separate action or actions may
be brought and prosecuted against each Note Guarantor to enforce its Note Guarantee, irrespective of whether any action is brought against the Company or any other Note Guarantor or whether the Issuer or any other Note Guarantor is joined in any
such action or actions. 
 Except as set forth in Section 9.02, the obligations of each Note Guarantor hereunder shall not be subject
to any reduction, limitation, impairment or termination for any reason (other than payment of the Guaranteed Obligations in full or the benefit of any statute of limitations affecting such Note Guarantor’s liability hereunder or the
enforcement thereof), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or
unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Note Guarantor herein shall not be discharged or impaired or otherwise affected by (a) the failure of the
Trustee, the Collateral Agent or any Holder to assert any claim or demand or to enforce any right or remedy against the Company or any other person under this Indenture, the Notes or any other agreement or otherwise; (b) any extension or
renewal of any thereof; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes, any other Note Document or any other agreement; (d) the release or non-perfection of any security
held by any Holder or the Trustee or the Collateral Agent for the Guaranteed Obligations or any of them; (e) the failure of the Trustee, the Collateral Agent or any Holder to exercise any right or remedy against any other Note Guarantor;
(f) any change in the ownership of the Company or any Note Guarantor; (g) any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or (h) 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 any Note Guarantor or would otherwise operate as a discharge of such Note Guarantor as a matter of law or equity. 

Each Note Guarantor agrees that its Note Guarantee herein shall remain in full force and effect until payment in full of all the Guaranteed
Obligations. Each Note Guarantor further agrees that its Note Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of, premium, if any, or interest on any of
the Guaranteed Obligations is rescinded or must otherwise be restored by the Trustee or any Holder upon the bankruptcy or reorganization of the Company or otherwise. 

Each Note Guarantor hereby guarantees that payments hereunder will be paid to the Trustee in cash upon demand by the Trustee without set-off
or counterclaim. 
 Each Note Guarantor further agrees that, as between such Note Guarantor, on the one hand, and the Trustee and the
Holders, on the other hand, (x) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Note Guarantee herein, 

  
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notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations guaranteed hereby arising in connection with any Bankruptcy Event
with respect to any Financing Entity or otherwise and (y) in the event of any such declaration of acceleration of such Guaranteed Obligations, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable
by the Note Guarantor for the purposes of this Note Guarantee. 
 Neither the Company nor the Note Guarantors shall be required to make a
notation on the Notes to reflect any Note Guarantee or any release, termination or discharge thereof and any such notation shall not be a condition to the validity of any Note Guarantee. 

 

	Section 5.02	Limitation on Liability. 

 Any term or provision of this Indenture or the other Note
Documents to the contrary notwithstanding, the obligations of each Note Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Note Guarantor (including, without
limitation, any guarantees under the Credit Facilities) and after giving effect to any collections from or payments made by or on behalf of any other Note Guarantor in respect of the obligations of such other Note Guarantor under its Note Guarantee
or pursuant to its contribution obligations under this Indenture, result in the obligations of such Note Guarantor under its Note Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law and not otherwise
being void or voidable under any similar laws affecting the rights of creditors generally. 
  

	Section 5.03	Right of Contribution. 

 Each Note Guarantor hereby agrees that to the extent that any
Note Guarantor shall have paid more than its proportionate share of any payment made on the obligations under the Note Guarantees, such Note Guarantor shall be entitled to seek and receive contribution from and against the Company or any other Note
Guarantor who has not paid its proportionate share of such payment. The provisions of this Section 5.03 shall in no respect limit the obligations and liabilities of each Note Guarantor to the Trustee and the Holders and each Note Guarantor
shall remain liable to the Trustee and the Holders for the full amount guaranteed by such Note Guarantor hereunder. 
  

	Section 5.04	No Subrogation. 

 Notwithstanding any payment or payments made by each Note Guarantor
hereunder, no Note Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any Holder against the Company or any other Note Guarantor or any collateral security or guarantee or right of offset held by the Trustee or any
Holder for the payment of the Guaranteed Obligations, nor shall any Note Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any other Note Guarantor in respect of payments made by such Note Guarantor
hereunder, until all amounts owing to the Trustee and the Holders by the Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Note Guarantor on account of such subrogation rights at any time when all
of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Note Guarantor in trust for the Trustee and the Holders, segregated from other funds of such Note Guarantor, and shall, forthwith upon receipt by such
Note Guarantor, be turned over to the Trustee in the exact form received by such Note Guarantor (duly indorsed by such Note Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations. 

  
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 ARTICLE 6 

DEFAULTS AND REMEDIES 
  

	Section 6.01	Events of Default. 

 Each of the following is an “Event of Default”:

 (a) the Company fails to pay interest on any Note in accordance with the terms of this Indenture within three Business Days after the
same becomes due and payable; 
 (b) the Company fails to pay any principal or premium, if any, on any Note after the same becomes due and
payable, whether by scheduled maturity, redemption, acceleration or otherwise, or the Company fails to offer to redeem or purchase the Notes when required to do so pursuant to Sections 3.09, 3.10, 4.37, 4.38, 4.39, 4.40, 4.41 or 4.42 hereof;

 (c) any representation or warranty made by the Company or any Note Guarantor or the PTC Offtaker in any Financing Document, or in any
certificate furnished to the Secured Parties or the Independent Consultants in accordance with the terms of the Financing Documents, proves to have been false or misleading in any material respect as of the time made, and the fact, event or
circumstance that gave rise to the misrepresentation has resulted in or is reasonably expected to result in a Material Adverse Effect and such misrepresentation or such Material Adverse Effect continues uncured for 30 or more days from the date a
Responsible Officer of the Company or applicable Note Guarantor or the PTC Offtaker obtains Actual Knowledge thereof; provided that if the Company or the relevant Note Guarantor or the PTC Offtaker commences efforts to cure such
misrepresentation within such 30-day period, it may continue to effect such cure of the Default (and such Default will not be deemed an Event of Default) for an additional period of 60 days; 

(d) the Company or any Note Guarantor shall fail to perform or observe in any material respect any covenant or agreement set forth in Sections
3.10, 4.01 (to the extent not covered by Section 6.01(a) or (b)), 4.05, 4.06, 4.07, 4.10, 4.12(i)(A), 4.15, 4.16, 4.21, 4.24, 4.26, 4.29 and 4.40, and any such failure continues uncured for a period of 30 days after a Responsible Officer of the
Company or any Note Guarantor obtains Actual Knowledge of such failure; 
 (e) the Company or any Note Guarantor fails to perform or observe
any of the other covenants under this Indenture, the Intercreditor Agreement or any Security Document (other than immaterial covenants) and not otherwise specifically provided for elsewhere under this Section 6.01, or the PTC Offtaker fails to
perform or observe any affirmative covenants expressly set forth in the Tax Equity Option Agreement, and does not cure such failure within 30 days after its receipt of notice by the Trustee or Holders of at least 25% of the aggregate principal
amount of the Notes then outstanding as a single class and its Actual Knowledge thereof; provided that such grace period may be extended to 90 days if the Company or the applicable Note Guarantor or, if applicable, the PTC Offtaker, is
taking action reasonably likely to cure such failure to perform; 
 (f) the Company and/or any Note Guarantor is involved in a Bankruptcy
Event; provided that a Bankruptcy Event with respect to a Project Company will not constitute an Event of Default to the extent that the minimum Projected Debt Service Coverage Ratio forecast as of the end of each six-month period from the
date of such occurrence until the Maturity Date (calculated using P99 energy production assumptions) is at least 1.05:1.0 (as certified in an Officer’s Certificate delivered to the Trustee and the Administrative Agent showing in reasonable
detail and with appropriate calculations and computations such minimum Projected Debt Service Coverage Ratio); 
 (g) (i) an “event of
default” occurs under the Credit Facilities Documents or the Replacement Credit Facilities Documents or (ii) default by the Company or any Note Guarantor in the performance or observance of any obligation or condition with respect to any
other Indebtedness in an aggregate principal amount of $15.0 million or more that results in the acceleration of such amounts prior to scheduled maturity; 

  
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 (h) a final judgment or judgments for the payment of money exceeding $15.0 million in the
aggregate that are not covered by available insurance as acknowledged in writing by the provider of such insurance or as certified to the Trustee by an insurance consultant shall be entered against the Company and/or any Note Guarantor by one or
more courts, administrative tribunals or other bodies having jurisdiction over the Company and/or such Note Guarantor and the same is not paid, discharged or stayed, or for which no bond is posted, for a period of 90 consecutive days after its
entry; 
 (i) the occurrence of an Event of Abandonment; 

(j) subject to clause (k) below, an event of default (subject to the applicable cure period, if any) shall have occurred under any Major
Project Contract other than the PPAs that would reasonably be expected to have a Material Adverse Effect and such event of default shall continue unremedied for a period equal to 60 days; provided, however, that if (i) such
event of default cannot be cured with such 60-day period, (ii) such event of default is reasonably susceptible of cure within 120 days from such event of default, (iii) the defaulting party is proceeding with all requisite diligence
and in good faith to cure such failure, (iv) such breach or default is the subject of a good faith dispute between the parties (and such parties are utilizing the appropriate dispute resolution procedures set forth in such Major Project
Contract) and (v) an extension of such 60- day cure would not reasonably be expected to have a Material Adverse Effect, then the time within which such failure may be cured shall be extended to such date, not to exceed 90 days after the
end of the initial 60-day period (for a total of 150 days), as shall be necessary for such party diligently to cure such failure; provided further, however, that notwithstanding the foregoing, the Company may replace any such
Major Project Contract (i) in the case of any Major Project Contract other than any PPA or Specified Major Project Contract, with a Replacement Project Contract or (ii) in the case of any Specified Major Project Contract, otherwise enter
into a replacement Project Contract to replace such Specified Major Project Contract and after giving effect to such replacement, no Material Adverse Effect would reasonably be expected to occur, in each case within 120 days; provided that
the foregoing shall not apply to the PTC Offtake Agreement; 
 (k) notwithstanding clause (j) above, any Major Project Contract other
than the PPAs shall terminate or otherwise cease to be valid and binding on any party thereto (except upon expiration in accordance with its terms or full performance by such party of its obligations thereunder), unless (i) such termination or
cessation would not reasonably be expected to have a Material Adverse Effect (after giving effect to any replacement Project Contract, if any, entered into to replace the terminated or cancelled Major Project Contract in accordance with the
Financing Documents), or (ii) otherwise, (x) the applicable Project Company replaces such Major Project Contract (i) in the case of any Major Project Contract other than any PPA or Specified Major Project Contract, with a Replacement
Project Contract or (ii) in the case of any Specified Major Project Contract, otherwise enter into a replacement Project Contract to replace such Specified Major Project Contract and after giving effect to such replacement, no Material Adverse
Effect would reasonably be expected to occur, in each case within 120 days after such termination or cessation and (y) the applicable Project Company shall have fully satisfied all of its obligations arising out of such termination or cessation
within such 120-day period; provided that the foregoing shall not apply to the PTC Offtake Agreement; 
 (l) subject to
clause (m) below, an event of default (subject to the applicable cure period, if any) shall have occurred under any PPA or the PTC Offtake Agreement that would reasonably be expected to have a Material Adverse Effect and such event of default
shall continue unremedied for a period equal to 30 days; provided, however, that if (i) such event of default cannot be cured with such 30-day period, (ii) such event of default is reasonably susceptible of cure within
90 days from such event of 

  
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default, (iii) the defaulting party is proceeding with all requisite diligence and in good faith to cure such failure, (iv) such breach or default is the subject of a good faith dispute
between the parties (and such parties are utilizing the appropriate dispute resolution procedures set forth in the applicable PPA or the PTC Offtake Agreement (as the case may be)) and (v) an extension of such 30-day cure would not reasonably
be expected to have a Material Adverse Effect, then the time within which such failure may be cured shall be extended to such date, not to exceed 60 days after the end of the initial 30-day period (for a total of 90 days), as shall be
necessary for such party diligently to cure such failure; provided, further, however, that notwithstanding the foregoing, the applicable PPA or the PTC Offtake Agreement may be replaced by the Company or the applicable Project
Company party thereto (as applicable) with a Replacement Project Contract within 90 days; 
 (m) notwithstanding clause (l) above,
any PPA or the PTC Offtake Agreement shall terminate or otherwise cease to be valid and binding on any party thereto (except upon expiration in accordance with its terms or full performance by such party of its obligations thereunder) and such
termination could reasonably be expected to have a Material Adverse Effect unless (i) the applicable Company Entity replaces such PPA or the PTC Offtake Agreement with a Replacement Project Contract within 90 days after such termination or
cessation and (ii) the applicable Company Entity shall have fully satisfied all of its obligations arising out of such termination or cessation within such 90-day period; 

(n) any Permit necessary to operate any Project substantially in accordance with the applicable Project Contracts has been revoked or
withdrawn where such revocation or withdrawal would reasonably be expected to have a Material Adverse Effect and no replacement Permit has been obtained within 60 days of such revocation or withdrawal; provided that if such replacement
Permit cannot be obtained within such 60-day period then the time within which such replacement Permit may be obtained shall be extended for a period as long as reasonably necessary to obtain such Permit, as long as diligent efforts are undertaken
and continuing to obtain such replacement Permit during such period and such extension of time would not reasonably be expected to have a Material Adverse Effect; 

(o) the Lien contained in this Indenture or any of the Security Documents ceases to be effective to grant a perfected (or, as to Real
Property, valid) Lien to the Collateral Agent on any material portion of the Collateral described therein with the priority and validity purported to be created thereby and such effectiveness and perfection priority (or, as to Real Property,
validity) is not reinstated or the Company has not posted cash collateral to the Collateral Agent equal to the replacement value thereof, in each case within 30 days after the time of discovery thereof by the Company or any Note Guarantor,
except to the extent that any such loss of effectiveness results from the failure of the Collateral Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Security Documents; 

(p) (i) this Indenture, any Note or any Security Document is declared unenforceable by a Governmental Authority having jurisdiction over any
party thereto or the subject matter thereof or is otherwise not in full force and effect or (ii) the Tax Equity Option Agreement shall cease to be in full force and effect and valid and binding on the PTC Offtaker or shall be declared void by a
Governmental Authority, or the PTC Offtaker shall claim in writing such unenforceability or invalidity; or 
 (q) if, at any time,
(i) any Plan fails to comply with any material provision of ERISA and/or the Code (and applicable regulations under either) or with the material terms of such Plan, (ii) any Plan fails to satisfy the minimum funding standards of ERISA or
the Code for any plan year or part thereof or a waiver of such standards or extension of any amortization period is sought or granted under Section 412 of the Code, (iii) a notice of intent to terminate any Plan is or is reasonably
expected to be filed with the PBGC or the PBGC institutes proceedings under Section 4042 of ERISA to terminate or appoint a trustee to administer any Plan or the PBGC notifies the Company that a Plan may become a subject of any such

  
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proceedings, (iv) the Company incurs or is reasonably expected to incur any liability pursuant to Title I of ERISA (other than routine claims for benefits) or the penalty or excise tax
provisions of the Code relating to employee benefit plans, or the Company or any ERISA Affiliate incurs or is reasonably expected to incur any liability pursuant to Title IV of ERISA (other than for timely paid premiums to the Pension Benefit
Guaranty Corporation), (v) the Company or any ERISA Affiliate withdraws from any Multiemployer Plan in a complete withdrawal or a partial withdrawal, (vi) the Company or any ERISA Affiliate fails to make any required contribution to a
Multiemployer Plan pursuant to Section 431 or 432 of the Code, (vii) any Multiemployer Plan is determined to be insolvent, in reorganization, or in “endangered” or “critical” status (within the meaning of
Section 432 of the Code or Section 305 of ERISA), (viii) the Company establishes or amends any employee welfare benefit plan that provides post-employment welfare benefits in a manner that would increase the liability of the Company
thereunder; (ix) a non-exempt “prohibited transaction” (within the meaning of Section 406 of ERISA and Section 4975(c) of the Code) occurs with respect to any Plan, (x) any Pension Plan is determined to be in “at
risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA), or (xi) a Foreign Plan Event occurs, and any such event or events described in clauses (i) through (xi) above, either individually or
together with any other such event or events, would reasonably be expected to have a Material Adverse Effect. 
  

	Section 6.02	Acceleration. 

 If an Event of Default shall have occurred and is continuing and a
Responsible Officer of the Trustee has received written notification of such Event of Default, the Trustee will promptly notify the Holders. The Holders of at least 25% in aggregate principal amount of the outstanding Notes may require the Trustee
to accelerate the maturity of all the Notes and exercise all other available remedies. 
 Notwithstanding the preceding paragraph, upon the
occurrence of an Event of Default referred to in Section 6.01(f) hereof all of the principal of and accrued interest on all of the Notes shall become immediately due and payable without any demand or other action by the Trustee or the Holders.

 After any such acceleration, but before any sale of all or part of the Collateral, the Holders of a majority in aggregate principal
amount of the then outstanding Notes by written notice to the Trustee may, on behalf of all of the Holders, rescind an acceleration and its consequences hereunder, if (i) the rescission would not conflict with any judgment or decree, and
(ii) all existing Events of Default (except nonpayment of principal of, premium on, if any, or interest, if any, on the Notes that has become due solely because of the acceleration) have been cured or waived. 

 

	Section 6.03	Other Remedies. 

 If an Event of Default occurs and is continuing, the Trustee may pursue
any available remedy to collect the payment of principal of, premium on, if any, or interest, if any, on, the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the
extent permitted by law. 

  
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	Section 6.04	Waiver of Past Defaults. 

 Subject to Section 6.02, the Holders of a majority in
aggregate principal amount of the then outstanding Notes by written notice to the Trustee may, on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its consequences under this Indenture, except a continuing
Default or Event of Default in the payment of principal of, premium on, if any, or interest, if any, on, the Notes and a Default with respect to a provision that under Section 9.02 cannot be amended without the consent of each Holder affected.
Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but, except as expressly provided therein, no such waiver shall extend to any
subsequent or other Default or impair any right consequent thereon. 
  

	Section 6.05	Control by Majority. 

 Holders of a majority in aggregate principal amount of the then
outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, subject to certain exceptions, including the limitations set
forth in the Intercreditor Agreement. However, the Trustee may refuse to follow any direction that conflicts with law or the Intercreditor Agreement, this Indenture, the Notes or any Note Guarantee or that the Trustee determines may be unduly
prejudicial to the rights of other Holders or that may involve the Trustee in personal liability. 
  

	Section 6.06	Limitation on Suits. 

 Subject to Section 6.07, no Holder of any Note will have any
right to institute any proceeding for a remedy under this Indenture or the Notes unless (i) such Holder has previously given to the Trustee written notice of the occurrence of an Event of Default that is continuing, (ii) the Holders of at
least 25% in aggregate principal amount of the outstanding Notes have made written request to the Trustee to institute such proceeding, (iii) the Holders have offered to the Trustee security and indemnity satisfactory to the Trustee against
costs and liabilities associated with such proceeding, (iv) the Trustee has failed to institute such proceeding within 60 days after the receipt of such notice and the offer of security or indemnity and (v) no direction inconsistent
with such written request has been given to the Trustee during such 60-day period by the Holders of a majority of the outstanding principal amount of the Notes. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 

 

	Section 6.07	Rights of Holders to Receive Payment. 

 Notwithstanding any other provision of this
Indenture, the right of any Holder, which is absolute and unconditional, to receive payment of the principal of, Make Whole Amounts, if any, and interest on its Notes, on or after the respective due dates expressed in the Note (including in
connection with an offer to purchase), or to institute suit for the enforcement of any such payment on or after such respective dates, or the Company’s obligation, which is also absolute and unconditional, to pay the principal of, Make-Whole
Amounts, if any, and interest on each of the Notes to the respective Holders at the time and place set forth in the Notes, shall not be impaired or adversely affected without the consent of such Holder. 

 

	Section 6.08	Collection Suit by Trustee. 

 If an Event of Default specified in Section 6.01(a) or
(b) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the 

  
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Company for the whole amount of principal of, premium on, if any, and interest, if any, remaining unpaid on, the Notes and interest on overdue principal and, to the extent lawful, interest and
such further reasonable and documented amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable and documented compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

  

	Section 6.09	Rights and Remedies Cumulative. 

 Except as otherwise provided with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every
right and remedy is, to the extent permitted by law, cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  

	Section 6.10	Delay or Omission Not Waiver. 

 No delay or omission of the Trustee or of any Holder to
exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Section or by law to the
Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
  

	Section 6.11	Trustee May File Proofs of Claim. 

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

  
 90 

	Section 6.12	Priorities. 

 Subject to the Intercreditor Agreement, if the Trustee collects any money
pursuant to this Article 6, it shall pay out the money in the following order: 
 First: to the Trustee, its
agents and attorneys for amounts due under Section 7.07 hereof, including payment of all reasonable compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

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

Third: to the Company or to such party as a court of competent jurisdiction shall direct, including a Note Guarantor, if
applicable. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.12 and shall
notify the Company and the Holders of such record date and payment date in the manner set forth in Section 12.01. 
  

	Section 6.13	Undertaking for Costs. 

 In any suit for the enforcement of any right or remedy under
this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in
its discretion may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This
Section 6.11 does not apply to a suit by the Trustee. 
 ARTICLE 7 

TRUSTEE 
  

	Section 7.01	Duties of Trustee. 

 (a) If an Event of Default has occurred and is continuing, the
Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own
affairs. 
 (b) Except during the continuance of an Event of Default: 

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

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee will examine the certificates and opinions to determine whether or not
they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

  
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 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph does not limit the effect of
paragraph (b) of this Section 7.01; 
 (2) the Trustee will not be liable for any error of judgment made in good
faith by a Responsible Officer, unless it is proved in a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and 

(3) the Trustee will not be liable with respect to any action it takes or omits to take in good faith in accordance with a
direction received by it pursuant to Section 6.05 hereof. 
 (d) Whether or not therein expressly so provided, every provision of this
Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), and (c) of this Section 7.01. 
 (e) No
provision of this Indenture will require the Trustee to expend or risk its own funds or incur any liability. 
 (f) The Trustee will not be
liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

 

	Section 7.02	Rights of Trustee. 

 (a) The Trustee may conclusively rely, and shall be fully protected
in acting or refraining from acting in so relying, upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document, but the Trustee,
in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine in good faith to make such further inquiry or investigation, it shall be entitled upon reasonable
notice during normal business hours to examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and the Trustee shall incur no liability of any kind by reason of such inquiry or
investigation. 
 (b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel
or both, subject to the other provisions of this Indenture. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with
counsel of its own selection and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in
reliance thereon. 
 (c) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence
of any attorney or agent appointed with due care. 
 (d) The Trustee will not be liable for any action it takes or omits to take in good
faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 

  
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 (e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or
notice from the Company or a Note Guarantor will be sufficient if signed by an Officer of the Company or such Guarantor. 
 (f) None of the
provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers
if an indemnity or security reasonably satisfactory to it against such risk or liability is not assured or provided to it. 
 (g) The
Trustee shall not be deemed to have notice or knowledge of any Default or Event of Default unless written notice of any event which is in fact such a Default is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the
Trustee, and such notice references the existence of a Default or Event of Default, the Notes and this Indenture. 
 (h) In no event shall
the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of
such loss or damage and regardless of the form of action. 
 (i) The Trustee may request that the Company deliver an Officer’s
Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an
Officer’s Certificate, including any Person specified as so authorized in any such certificate previously delivered and not superseded. 

(j) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder. 

(k) The permissive right of the Trustee to take the actions permitted by this Indenture shall not be construed as an obligation or duty to do
so. 
 (l) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction. 
 (m) The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(n) The Trustee may request that the Company or any Note Guarantor deliver an Officers’ Certificate setting forth the names of
individuals and/or titles of officers authorized at such time to take specified actions pursuant to the is Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person
specified as so authorized in any such certificate previously delivered an not superseded. 
 (o) The Trustee shall at no time have any
responsibility or liability for or in respect to the legality, validity or enforceability of any Collateral or any arrangement or agreement between the Company or any Note Guarantor and any other Person with respect thereto, or the perfection or
priority of any security interest created in any of the Collateral or maintenance of any perfection and priority, or for or with respect to the sufficiency of the Collateral following an Event of Default. 

  
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	Section 7.03	Individual Rights of Trustee. 

 The Trustee in its individual or any other capacity may
become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights and duties. The Trustee is also
subject to Sections 7.10 and 7.11 hereof. 
  

	Section 7.04	Trustee’s Disclaimer. 

 The Trustee will not be responsible for and makes no
representation as to the validity or adequacy of this Indenture, the Notes, the Security Documents or the Intercreditor Agreement, it shall not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company
or upon the Company’s direction under any provision of this Indenture, it will not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or
recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication on the Notes. 

 

	Section 7.05	Notice of Defaults. 

 If a Default or Event of Default occurs and is continuing and a
Responsible Officer of the Trustee has received written notice thereof, the Trustee will mail to the Holders a notice of the Default or Event of Default within 90 days after receipt of such notice. Except in the case of an Event of Default specified
in clause (a) or (b) of Section 6.01, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders. The Trustee
shall have no duty to inquire as to the performance of the covenants of any Company Entity in Article 4. In addition, the Trustee shall not be deemed to have knowledge of any Default or Event of Default except: (i) any Event of Default
occurring pursuant to Sections 6.01(a) or 6.01(b) (provided it is acting as Paying Agent); and (ii) any Default or Event of Default of which a Responsible Officer of the Trustee shall have received written notification. Delivery of
reports, information and documents to the Trustee under Section 4.03 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or
determinable from information contained therein, including the Issuer’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

 

	Section 7.06	Reports by Trustee to Holders. 

 Within 60 days after each May 15, beginning
with the May 15 following the date of this Indenture, and for so long as Notes remain outstanding, the Trustee will mail to the Holders a brief report dated as of such reporting date that complies with TIA §313(a) (but if no event
described in TIA §313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA §313(b)(2). The Trustee will also transmit by mail all reports as required
by TIA §313(c). The Company shall promptly notify the Trustee in writing in the event the Notes are listed on any national securities exchange or delisted therefrom. A copy of each report at the time of its mailing to the Holders will be
delivered by the Trustee to the Company. 

  
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	Section 7.07	Compensation and Indemnity. 

 (a) The Company will pay to the Trustee from time to time
reasonable compensation for its acceptance of this Indenture and services hereunder as the parties shall agree in writing from time to time. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express
trust. The Company will reimburse the Trustee promptly upon request for all reasonable and documented disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses will include the
reasonable and documented compensation, disbursements and expenses of the Trustee’s agents and a single outside counsel. 
 (b) The
Company will indemnify the Trustee, including its officers, directors, employees and agents, for, and hold each of the Trustee, including its officers, directors, employees and agents, and any predecessor, harmless against any and all damages,
losses, liabilities, claims or expenses (including reasonable attorneys’ fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the reasonable and
documented costs and expenses of enforcing this Indenture and the Notes against the Company or any Note Guarantor (including Article 5 hereof and this Section 7.07) and defending itself against any claim (whether asserted by the Company, any
Note Guarantor, any Holder or any other Person) or liability in connection with the exercise, failure or refusal to exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense is
determined by a court of competent jurisdiction to have been caused by its own negligence or willful misconduct. The Trustee will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the
Company will not relieve the Company of its obligations hereunder. The Company will defend the claim and the Trustee will cooperate in the defense. The Trustee may have separate counsel of its selection and the Company will pay the reasonable and
documented fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent will not be unreasonably withheld. 

(c) For purposes of clarity and without duplication of the Company’s obligations pursuant to paragraph (b) of this Section (and the
Note Guarantors obligations with respect thereto pursuant to the Note Guarantee as referenced therein), the Guaranteed Obligations shall include the Trustee’s reasonable and documented costs and expenses of enforcing the Note Guarantee. 

(d) The obligations of the Company and the Note Guarantors under this Section 7.07 will survive the satisfaction and discharge of this
Indenture or the earlier resignation or removal of the Trustee. 
 (e) To secure the payment obligations of the Company in this
Section 7.07, the Trustee will have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal of, premium on, if any, or interest, if any, on, particular Notes. Such Lien
will survive the satisfaction and discharge of this Indenture. 
 (f) Without prejudice to any other rights available to the Trustee under
applicable law, when the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(d) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and
counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 
  

	Section 7.08	Replacement of Trustee. 

 (a) A resignation or removal of the Trustee and appointment of
a successor Trustee will become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 

  
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 (b) The Trustee may resign in writing at any time by giving 30 days’ prior notice of such
resignation to the Company and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the
Company in writing. The Company may remove the Trustee if: 
 (1) the Trustee fails to comply with Section 7.10 hereof;

 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under
any Bankruptcy Law; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company will promptly appoint a
successor Trustee. 
 (d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed,
the retiring Trustee (at the expense of the Company), the Company, or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor
Trustee. 
 (e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with
Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

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

(g) As used in this Section 7.08, the term “Trustee” shall also include each Agent. 

 

	Section 7.09	Successor Trustee by Merger, etc. 

 If the Trustee consolidates, merges or converts into,
or transfers all or substantially all of its corporate trust business to, another corporation or national banking association, the successor corporation or national banking association without any further act will be the successor Trustee, subject
to Section 7.10. 
  

	Section 7.10	Eligibility; Disqualification. 

 There will at all times be a Trustee hereunder that is a
corporation or national banking association organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or
examination by federal or state authorities and that has a combined capital and surplus of at least $100.0 million as set forth in its most recent published annual report of condition. 

  
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	Section 7.11	Reports; Information, Annual Budget, Etc. 

 Delivery of reports, information and
documents to the Trustee pursuant to Section 4.03(a) and the Annual Operating Budget to the Trustee pursuant to Section 4.15 is for informational purposes only and shall not constitute a representation or warranty by the Trustee as to the
accuracy or completeness of the reports, information and documents. The Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates of the Company). 

ARTICLE 8 
 LEGAL DEFEASANCE AND
COVENANT DEFEASANCE 
  

	Section 8.01	Option to Effect Legal Defeasance or Covenant Defeasance. 

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

	Section 8.02	Legal Defeasance and Discharge. 

 Upon the Company’s exercise under
Section 8.01 hereof of the option applicable to this Section 8.02, the Company and the Note Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their
obligations with respect to all outstanding Notes and the Note Guarantees on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company will be
deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture
referred to in clauses (1) and (2) below, and to have satisfied all its other obligations under such Notes and this Indenture, including that the Note Guarantors (and the Trustee, on demand of and at the expense of the Company, shall
execute proper instruments acknowledging the same, including the release of the Collateral) and the other Financing Documents as they apply for the benefit of the Holders, except for the following provisions which will survive until otherwise
terminated or discharged hereunder: 
 (1) the rights of Holders of outstanding Notes to receive payments in respect of the
principal of, Make-Whole Amounts, if any, or interest, if any, on, such Notes when such payments are due from the trust referred to in Section 8.04 hereof; 

(2) the Company’s obligations with respect to such Notes under Sections 2.07, 2.09 and 4.02 hereof; 

(3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations in connection
therewith; and 
 (4) this Section 8.02. 

  
 97 

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

	Section 8.03	Covenant Defeasance. 

 Upon the Company’s exercise under Section 8.01 hereof of
the option applicable to this Section 8.03, the Company and the Note Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations under the covenants contained
in Sections 4.01, 4.03(a)(4)-(8), 4.03(b), 4.04 through 4.11, 4.13 and 4.15 through 4.48 hereof with respect to the outstanding Notes, and the Note Guarantors shall be deemed to have been discharged from their obligations with respect to the
Note Guarantees, on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter, “Covenant Defeasance”), and the Notes will thereafter be deemed not “outstanding” for the purposes of
any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it being understood
that such Notes will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to this Indenture and the outstanding Notes, the Company may omit to comply with and will have no liability in
respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision
herein or in any other document and such omission to comply will not constitute a Default or an Event of Default, but, except as specified above, the remainder of this Indenture and such Notes will be unaffected thereby. In addition, upon the
Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, none of the events or circumstances described in
Section 6.01(a), (b), (c), (e), (f), (g), (h), (i), (j), (k), (l), (m), (n), (o), (p) and (q) hereof will constitute Events of Default. 
  

	Section 8.04	Conditions to Legal or Covenant Defeasance. 

 In order to exercise either Legal
Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof: 
 (1) the Company must irrevocably deposit
with the Trustee, in trust, for the benefit of the Holders, cash in U.S dollars, non-callable Governmental Securities, or a combination thereof, in amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal
firm or firm of independent public accountants, to pay the principal of, premium on, if any, and interest, if any, on, the outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the
Company must specify whether the Notes are being defeased to such stated date for payment or to a particular redemption date; 

(2) in the case of Legal Defeasance, the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the
Trustee confirming that, subject to customary assumptions and exclusions, (a) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (b) since the date of this Indenture, there has been a
change in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel will confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax
purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

  
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 (3) in the case of Covenant Defeasance, the Company must deliver to the Trustee
an Opinion of Counsel reasonably acceptable to the Trustee confirming, subject to customary assumptions and exclusions, that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of
such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default has occurred and is continuing on the date of such deposit (other than a Default or Event of
Default resulting from the borrowing of funds to be applied to such deposit (and any similar concurrent deposit relating to other Indebtedness), and the granting of Liens to secure such borrowings); 

(5) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under,
any material agreement or instrument (other than this Indenture and the agreements governing any other Indebtedness being defeased, discharged or replaced) to which the Company or any Note Guarantor is a party or by which the Company or any Note
Guarantor is bound; 
 (6) the Company must deliver to the Trustee an Officer’s Certificate stating that the deposit was
not made by the Company with the intent of preferring the Holders of Notes over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company, any Note Guarantor or others; 

(7) the Company must deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with; and 
 (8) the
Company has delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be (which instructions may be contained in the Officer’s
Certificate). 
  

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

Subject to Section 8.06 hereof, all money and non-callable Governmental Securities (including the proceeds thereof) deposited with the
Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Notes will be held in trust and applied by the Trustee, in
accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company or Note Guarantor acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes
of all sums due and to become due thereon in respect of principal, premium, if any, and interest, if any, but such money need not be segregated from other funds except to the extent required by law. 

The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash and non-callable
Governmental Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

 Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay to the Company from time to time upon
the request of the Company any money and non-callable Governmental Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized 

  
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firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) hereof), are in excess
of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
  

	Section 8.06	Repayment to Company. 

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

	Section 8.07	Reinstatement. 

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

ARTICLE 9 
 AMENDMENT, SUPPLEMENT
AND WAIVER 
  

	Section 9.01	Without Consent of Holders. 

 Notwithstanding Section 9.02 of this Indenture,
without the consent of any Holder, the Company, the Note Guarantors and the Trustee may amend or supplement this Indenture or the other Note Documents: 

(1) to cure any ambiguity, omission, defect or inconsistency; 

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

(3) to provide for the assumption by a successor entity of the Company’s or any Note Guarantor’s obligations to the
Holders under this Indenture, the Notes or the Note Guarantees in the case of merger or consolidation or sale of all or substantially all of the Company’s assets to the extent permitted pursuant to this Indenture; 

  
 100 

 (4) to make any change that would provide any additional rights or benefits to
the Holders or that does not adversely affect the legal rights hereunder of any Holder; 
 (5) to conform the text of this
Indenture, the Notes, the Note Guarantees or the Security Documents to any provision of the “Description of Notes” section of the Offering Memorandum to the extent that such provision in such “Description of the Notes” section
was intended to be a verbatim recitation of a provision of this Indenture, the Notes, the Note Guarantees or the Security Documents, which intent may be evidenced by an Officer’s Certificate to that effect; 

(6) to enter into additional or supplemental Security Documents; 

(7) to release Collateral in accordance with the terms of this Indenture and the Security Documents; 

(8) to evidence the succession of a new Trustee hereunder; provided that the successor Trustee is otherwise qualified
and eligible to act as such under the terms of this Indenture; 
 (9) to comply with the rules of any Depositary; or 

(10) to update any schedules, annexes or appendices thereto in accordance with the terms of the relevant Note Document. 

Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or
supplemental indenture, and upon receipt by the Trustee of the documents described in Sections 9.05 and 12.02 hereof, the Trustee will join with the Company and the Note Guarantors in the execution of any amended or supplemental indenture
authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended or supplemental indenture that
affects its own rights, duties or immunities under this Indenture or otherwise. 
  

	Section 9.02	With Consent of Holders. 

 Except as provided above in Section 9.01 or below in this
Section 9.02, the Company, the Note Guarantors and the Trustee may amend or supplement this Indenture (including, without limitation, Section 3.10 hereof), the Notes and the Note Guarantees with the consent of the Holders of at least a
majority in aggregate principal amount of the then outstanding Notes voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes), and, subject to
Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium on, if any, or interest, if any, on, the Notes, except a payment default resulting
from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Notes or the Note Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding
Notes voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes). Section 2.08 and Section 2.09 shall determine which Notes are considered
to be outstanding for the purposes of this Section 9.02. 
 Upon the request of the Company accompanied by a resolution of its Board of
Directors authorizing the execution of any such amended or supplemental indenture, and upon the filing with the 

  
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Trustee of evidence satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in Section 12.02 hereof, the Trustee
will join with the Company and the Note Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture. 

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

(1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the principal of or change the fixed maturity of any Note or alter or waive any of the provisions with respect to
the redemption of the Notes (except Section 3.10 hereof); 
 (3) reduce the rate of or change the time for payment of
interest, including default interest, on any Note; 
 (4) waive a Default or Event of Default in the payment of principal of,
premium on, if any, or interest, if any, on, the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment default that
resulted from such acceleration); 
 (5) make any Note payable in money other than that stated in the Notes; 

(6) make any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of holders of Notes
to receive payments of principal of, premium on, if any, or interest, if any, on, the Notes; 
 (7) waive a redemption
payment with respect to any Note (other than a payment required pursuant to Section 3.10 hereof); 
 (8) modify the Note
Guarantees in any manner adverse to the Holder; 
 (9) release all or substantially all of the Collateral from the Liens
created by the Security Documents, except as specifically provided in this Indenture and the Security Documents; and 
 (10)
make any change in the amendment or waiver provisions of this Indenture which require Holders’ consent or make any change in the preceding amendment and waiver provisions. 

  
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	Section 9.03	Revocation and Effect of Consents. 

 Until an amendment, supplement or waiver becomes
effective, a consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on
any Note. However, prior to the proposed effective date of any amendment, supplement or waiver, any Holder or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of such revocation before the date
the amendment, supplement or waiver becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 
  

	Section 9.04	Notation on or Exchange of Notes. 

 The Trustee may place an appropriate notation about
an amendment, supplement or waiver on any Note thereafter authenticated. The Company in exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or
waiver. 
 Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment,
supplement or waiver. 
  

	Section 9.05	Trustee to Sign Amendments, etc. 

 The Trustee will sign any amendment, supplement or
waiver authorized pursuant to this Article 9 if the amendment, supplement or waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amendment, supplement or waiver until the
Board of Directors of the Company approves it. In executing any amended or supplemental indenture, the Trustee will be provided with and (subject to Section 7.01 hereof) will be fully protected in relying upon, in addition to the documents
required by Section 12.02 hereof, an Officer’s Certificate and an Opinion of Counsel each stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture. 

  
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 ARTICLE 10 

COLLATERAL AND SECURITY 
  

	Section 10.01	Security Documents. 

 The due and punctual payment of the principal of, Make Whole
Amounts, if any, premium on, if any, and interest, if any, on, the Notes when and as the same shall be due and payable, whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the
overdue principal of, premium on, if any, and interest, if any (to the extent permitted by law), on the Notes and performance of all other obligations of the Financing Entities to the Holders or the Trustee under this Indenture and the Notes,
according to the terms hereunder or thereunder, are secured as provided in the Security Documents, which the Financing Entities have entered into simultaneously with the execution of this Indenture. Each Holder, by its acceptance hereof, consents
and agrees to the terms of the Intercreditor Agreement and the other Security Documents (including, without limitation, the provisions providing for foreclosure and release of Collateral (as defined in the Security Documents)) as the same may be in
effect or may be amended from time to time in accordance with its terms and authorizes and directs the Collateral Agent to enter into the Intercreditor Agreement and the other Security Documents and to perform its obligations and exercise its rights
thereunder in accordance therewith. Each Financing Entity will do or cause to be done all such acts and things as may be reasonably necessary or proper, or as may be required by the provisions of the Security Documents, to assure and confirm to the
Trustee and the Collateral Agent the security interest in the Collateral contemplated hereby, by the Security Documents or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this
Indenture and of the Notes secured hereby, according to the intent and purposes herein expressed. Each Financing Entity will take any and all actions reasonably required to cause the Security Documents to create and maintain, as security for the
Obligations of the Company hereunder, a valid and enforceable perfected (or, in the case of Real Property, valid) first priority Lien in and on all the Collateral, in favor of the Collateral Agent for the benefit of the Holders, superior to and
prior to the rights of all third Persons and subject to no other Liens, in each case, other than Permitted Liens. 
 Each of the Holders
hereby appoints the Collateral Agent and the Depositary Agent to be the agent for and representative of the Trustee for the benefit of the Holders with respect to the Security Documents, and each of the Holders hereby authorizes and directs each of
the Trustee, the Collateral Agent and the Depositary Agent to execute, deliver and perform each of the Security Documents to which the Trustee, the Collateral Agent or the Depositary Agent, as the case may be, is or is intended to be a party, and
each Holder agrees to be bound by all of the agreements of the Trustee, the Collateral Agent and the Depositary Agent contained in the Security Documents. Each of the Collateral Agent and the Depositary Agent is further authorized and directed by
the Holders to, and shall, enter into one or more joinder agreements under the Intercreditor Agreement and/or the Depositary Agreement, in any case, pursuant to the terms thereof. 

 

	Section 10.02	Recording and Opinions. 

 (a) The Company will furnish to the Trustee simultaneously with
the execution and delivery of this Indenture an Opinion of Counsel either: 
 (1) stating that, in the opinion of such
counsel, all action has been taken with respect to the recording, registering and filing of financing statements or other instruments necessary to make effective the Lien intended to be created by the Security Documents, and reciting with respect to
the security interests in the Collateral owned by the Financing Entities on the date hereof, the details of such action; provided, that with respect to the Lien created by the Security Documents with respect to Real Property, the requirements
set forth in this clause (1) shall be deemed satisfied by the issuance of the Title Policies to the Collateral Agent; or 

(2) stating that, in the opinion of such counsel, no such action is necessary to make such Lien effective. 

  
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	Section 10.03	Release of Collateral. 

 (a) Subject to subsections (b), (c), (d) and
(e) of this Section 10.03 and subject to the Intercreditor Agreement, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of
the Security Documents or as provided hereby. In addition, upon the request of the Company pursuant to an Officer’s Certificate certifying that all conditions precedent hereunder have been met, and at the sole cost and expense of the Company,
the Trustee will direct the Collateral Agent to release Collateral that is sold, transferred, conveyed or otherwise disposed of in compliance with the provisions of this Indenture. Upon receipt of such Officer’s Certificate and direction, the
Collateral Agent shall execute, deliver or acknowledge any necessary or proper instruments of termination, satisfaction or release to evidence the release of any Collateral permitted to be released pursuant to this Indenture or the Security
Documents. 
 (b) The Collateral Agent’s Liens upon the Collateral will no longer secure the Notes outstanding under this Indenture or
any other Obligations under this Indenture, and the right of the Holders to the benefits and proceeds of the Collateral Agent’s Liens on the Collateral will automatically terminate and be unconditionally discharged: 

(1) upon satisfaction and discharge of this Indenture pursuant to Article 11 hereof; 

(2) upon a defeasance of the Notes pursuant to Article 8 hereof; 

(3) upon payment in full and discharge of all Notes outstanding under this Indenture and all Obligations that are outstanding,
due and payable under this Indenture at the time the Notes are paid in full and discharged; 
 (4) in whole or in part, with
the consent of the Holders of the requisite percentage of Notes in accordance with Article 9 hereof; or 
 (5) if any of
the Collateral shall be sold, conveyed or disposed of to any Person in a transaction (i) permitted under the Financing Documents or (ii) consented to pursuant to the Financing Documents, in each case, subject to the Intercreditor
Agreement. 
 (c) No Collateral may be released from the Lien and security interest created by the Security Documents pursuant to the
provisions of the Security Documents unless the certificate required by this Section 10.03 has been delivered to the Collateral Agent and any Opinion of Counsel, if requested by the Trustee pursuant to Section 12.02, has been delivered to
the Trustee. 
 (d) At any time when an Event of Default has occurred and is continuing and the maturity of the Notes has been accelerated
(whether by declaration or otherwise) and the Trustee has delivered a notice of acceleration to the Collateral Agent, no release of Collateral pursuant to the provisions of the Security Documents will be effective as against the Holders, other than
upon payment in full and discharge of all Notes outstanding under this Indenture. 

  
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 (e) The release of any Collateral from the terms of this Indenture and the Security Documents
will not be deemed to impair the security under this Indenture in contravention of the provisions hereof if and to the extent the Collateral is released pursuant to the terms of the Security Documents. 

 

	Section 10.04	Certificates of the Trustee. 

 In the event that the Company wishes to release Collateral
in accordance with the Security Documents and has delivered the certificates and documents required by the Security Documents and Section 10.03 hereof, the Trustee, based on any Opinion of Counsel delivered pursuant to Section 12.02
hereof, will deliver a certificate and written direction to the Collateral Agent setting forth that based on the documents received, the applicable Collateral may be so released and directing the Collateral Agent to do so. 

 

	Section 10.05	Authorization of Actions to Be Taken by the Trustee Under the Security Documents. 

Subject to the provisions of Section 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders,
direct, on behalf of the Holders, the Collateral Agent to, take all actions it deems necessary or appropriate in order to: 

(1) enforce any of the terms of the Intercreditor Agreement or the other Security Documents or to take actions requiring
direction under the Depositary Agreement; and 
 (2) collect and receive any and all amounts payable in respect of the Note
Obligations. 
 Subject to the terms of the Intercreditor Agreement, the Trustee will have power to institute and maintain such suits and
proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to
preserve or protect its interests and the interests of the Holders in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment,
rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders or of the
Trustee). 
  

	Section 10.06	Authorization of Receipt of Funds by the Trustee Under the Security Documents. 

 The
Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture. 

 

	Section 10.07	Termination of Security Interest. 

 Upon the full and final payment and performance of
all Obligations of the Financing Entities under this Indenture, the Notes and the Security Documents or upon Legal Defeasance, Covenant Defeasance or satisfaction and discharge of this Indenture in accordance with Article 11 hereof, the Trustee
will at the written request of the Company deliver a certificate and written direction to the Collateral Agent stating that such Obligations of the Financing Entities have been paid in full, and directing the Collateral Agent to release the Liens
pursuant to this Indenture and the Security Documents with respect to such Obligations. 

  
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 ARTICLE 11 

SATISFACTION AND DISCHARGE 
  

	Section 11.01	Satisfaction and Discharge. 

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

(a) all Notes that have been authenticated, except lost, stolen or destroyed Notes that have been replaced or paid and Notes
for whose payment money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or 

(b) all Notes that have not been delivered to the Trustee for cancellation have become due and payable by reason of the mailing
of a notice of redemption or otherwise or will become due and payable within one year and the Company or any Note Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the
Holders, cash in U.S. dollars, non-callable Governmental Securities, or a combination thereof, in amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not
delivered to the Trustee for cancellation for principal of, premium on, if any, and interest, if any, on, the Notes to the date of maturity or redemption; 

(2) in respect of clause (1)(b), no Trigger Event has occurred and is continuing on the date of the deposit (other than a
Trigger Event arising in connection the borrowing of funds to be applied to such deposit and any similar concurrent deposit relating to other Indebtedness and, in each case, the granting of Liens to secure such borrowings) and the deposit will not
result in a breach or violation of, or constitute a default under, any other material agreement or instrument to which the Company or any Note Guarantor is a party or by which the Company is bound (other than with respect to the borrowing of funds
to be applied concurrently to make the deposit required to effect such satisfaction and discharge and any similar concurrent deposit relating to other Indebtedness, and in each case the granting of Liens to secure such borrowings); 

(3) the Company has paid or caused to be paid all sums payable by it under this Indenture; and 

(4) the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward
the payment of the Notes at maturity or on the redemption date, as the case may be. 
 In addition, the Company must deliver an
Officer’s Certificate to the Trustee stating that all the conditions precedent to satisfaction and discharge have been satisfied. 

Notwithstanding the satisfaction and discharge of this Indenture, if money has been deposited with the Trustee pursuant to clause (2) of
this Section 11.01, the provisions of Sections 11.02 and 8.06 hereof will survive. In addition, nothing in this Section 11.01 will be deemed to discharge those provisions of Section 7.07 hereof, that, by their terms, survive the
satisfaction and discharge of this Indenture. 

  
 107 

	Section 11.02	Application of Trust Money. 

 Subject to the provisions of Section 8.06 hereof, all
money deposited with the Trustee pursuant to Section 11.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest, if any, for whose payment such money has been deposited with the Trustee; but such
money need not be segregated from other funds except to the extent required by law. 
 If the Trustee or Paying Agent is unable to apply any
money or Government Securities in accordance with Section 11.01 hereof by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such
application, the Company’s and any Note Guarantor’s obligations under this Indenture, the Notes and the Note Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01 hereof;
provided that if the Company has made any payment of principal of, premium on, if any, or interest, if any, on, any Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such
Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 
 ARTICLE 12 

MISCELLANEOUS 
  

	Section 12.01	Notices. 

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

 If to the Financing Entities: 

Continental Wind, LLC 
 c/o Exelon
Corporation 
 10 South Dearborn Street, 52nd Floor, 

Chicago, IL, 60603. 
 Attention:
Manager, Treasury Operations 
 With a copy to: 

Sidley Austin LLP 
 787 Seventh
Avenue 
 New York, NY 10019 

Facsimile No.: (212) 839-5599 

Attention: Phil Corsello 

Continental Wind, LLC 
 c/o Exelon
Wind, LLC 
 Address: 4601 Westown Parkway, Suite 300, West Des Moines, IA 50266 

Attention: Director, Finance 

  
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 Continental Wind, LLC 

c/o Exelon Business Services Company, LLC 

Address: 100 Constellation Way, Suite 500P, Baltimore, MD 21202 

Attention: Assistant General Counsel, Project Finance 

If to the Trustee: 
 Wilmington
Trust, National Association 
 1100 North Market Street 

Wilmington, DE 19890-1605 

Facsimile No.: (302) 636-4149 

Attention: Institutional Client Services/Project Finance 

The Company, any Note Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent
notices or communications. 
 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person
entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waiver of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the
validity of any action taken in reliance upon such waiver. 
 Where this Indenture provides for notice of any event to a Holder, such notice
shall be sufficiently given if provided to the Depositary (or its designee), according to the applicable procedures of such Depositary, if any, prescribed for the giving of such notice. The Trustee agrees to accept and act upon instructions or
directions pursuant to this Indenture sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing
persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing.
If any Financing Entity elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such
instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reasonable reliance upon and compliance with such instructions notwithstanding such
instructions conflict or are inconsistent with a subsequent written instruction received after such reliance and/or compliance. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and
directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. 

All notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand, if
personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after timely delivery to the courier, if sent by overnight air
courier guaranteeing next day delivery. 
 Any notice or communication to a Holder will be mailed by first class mail, certified or
registered, return receipt requested, or by overnight courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Failure to mail a notice or communication to a Holder or any defect in it will not affect its
sufficiency with respect to other Holders. 

  
 109 

 If a notice or communication is mailed in the manner provided above within the time prescribed,
it is duly given, whether or not the addressee receives it. 
 If the Company mails a notice or communication to Holders, it will mail a
copy to the Trustee and each Agent at the same time. 
  

	Section 12.02	Certificate and Opinion as to Conditions Precedent. 

 Upon any request or application by
the Company or any Note Guarantor to the Trustee to take any action under this Indenture, including in connection with any release of Collateral pursuant to Section 10.03, the Company or such Note Guarantor, as the case may be, shall furnish to
the Trustee: 
 (1) an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee (which must
include the statements set forth in Section 12.03 hereof) stating that, in the opinion of the signer, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied or, in the
case of any release of Collateral, to the effect that such Collateral may be released in accordance with this Indenture and the Security Documents; and 

(2) an Opinion of Counsel (which may be limited to reliance on an Officer’s Certificate as to matters of fact) in form and
substance reasonably satisfactory to the Trustee (which must include the statements set forth in Section 12.03 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied or, in the case
of any release of Collateral, to the effect that such Collateral may be released in accordance with this Indenture and the Security Documents. 

The Trustee shall, to the extent permitted by Sections 7.01 and 7.02 hereof, accept as conclusive evidence of compliance with the applicable
provisions of the Financing Documents the appropriate statements contained in such documents. 
  

	Section 12.03	Statements Required in Certificate or Opinion. 

 Each certificate or opinion with respect
to compliance with a condition or covenant provided for in this Indenture and must include: 
 (1) a statement that the
Person making such certificate or opinion has read such covenant or condition; 
 (2) a brief statement as to the nature and
scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary
to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied or, in the
case of any release of Collateral, to the effect that such Collateral may be released in accordance with this Indenture and the Security Documents. 

  
 110 

	Section 12.04	Rules by Trustee and Agents. 

 The Trustee may make reasonable rules for action by or at
a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 
  

	Section 12.05	No Personal Liability of Directors, Officers, Employees and Equityholders. 

 No past,
present or future director, officer, representative, Controlling person, executive, agent, employee, incorporator or shareholder (whether direct or indirect) of the Company or any Note Guarantor (including any holder of any membership interests in
the Company or any Note Guarantor), as such, will have any liability for any obligations of the Company or any Note Guarantor under the Notes, the Note Guarantees, this Indenture, the Security Documents or any other Note Document or for any claim
based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not
be effective to waive liabilities under the federal securities laws. 
  

	Section 12.06	Governing Law. 

 THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  

	Section 12.07	Submission to Jurisdiction. 

 Each party hereto hereby submits to the exclusive
jurisdiction of the New York state courts and the federal courts sitting in the State of New York for the purposes of all legal proceedings arising out of or relating to this Indenture or the transactions contemplated hereby. Each party hereto
hereby irrevocably waives, to the fullest extent permitted by applicable law, any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought
in such court has been brought in an inconvenient forum. 
  

	Section 12.08	Waiver of Jury Trial. 

 EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER THIS INDENTURE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

 

	Section 12.09	No Adverse Interpretation of Other Agreements. 

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

  
 111 

	Section 12.10	Successors. 

 All agreements of the Company in this Indenture and the Notes will bind its
successors. All agreements of the Note Guarantors in this Indenture shall bind its successors. All agreements of the Trustee in this Indenture will bind its successors. 
  

	Section 12.11	Severability. 

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

	Section 12.12	Counterpart Originals. 

 The parties may sign any number of copies of this Indenture.
Each signed copy will be an original, but all of them together represent the same agreement. 
  

	Section 12.13	Table of Contents, Headings, etc.. 

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

 

	Section 12.14	Force Majeure. 

 In no event shall the Trustee be responsible or liable for any failure
or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which
are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
  

	Section 12.15	Rights of Agents. 

 In connection with their acting hereunder, each of the Trustee and
the Collateral Agent, as the case may be, is entitled to all rights, privileges, protections, benefits, immunities and indemnities, in addition to those set forth herein, provided to the Trustee or the Collateral Agent, as applicable, under the
Financing Documents. 
  

	Section 12.16	U.S.A. Patriot Act. 

 The parties hereto acknowledge that in accordance with
Section 326 of the U.S.A. PATRIOT Act, the Trustee is required to obtain, verify and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this
Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

  
 112 

	Section 12.17	Payments Due on Non-Business Days. 

 In any case where any interest payment date,
redemption date, repurchase date or maturity date of the Notes shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Notes) payment of principal, premium, if any, or interest on the Notes need not be made
on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the interest payment date, redemption date, repurchase date or maturity date of the Notes; provided that no interest will accrue
for the period from and after such interest payment date, redemption date, repurchase date or maturity date of the Notes, as the case may be. 
  

	Section 12.18	Intercreditor Agreement. 

 In the event of any conflict between the provisions set forth
in this Indenture or any other Financing Document (other than the Intercreditor Agreement) and those set forth in the Intercreditor Agreement, the provisions of the Intercreditor Agreement shall supersede and control the terms and provisions of this
Indenture or any such other Financing Document. 
 [Signatures on following page] 

  
 113 

 SIGNATURES 

Dated as of September 30, 2013 
  

			
	CONTINENTAL WIND, LLC, as Issuer
		
	By:	 	 /s/ Shane Smith

	Name:	 	Shane Smith
	Title:	 	Assistant Treasurer
	
	CONTINENTAL WIND HOLDING, LLC

 
					
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	BEEBE RENEWABLE ENERGY, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	BENNETT CREEK WINDFARM, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	CASSIA GULCH WIND PARK LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	CASSIA WIND FARM LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer

 
					
	FOUR CORNERS WINDFARM, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	FOUR MILE CANYON WINDFARM, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	GREENSBURG WIND FARM, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	HARVEST WINDFARM, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	HARVEST II WINDFARM LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	HIGH MESA ENERGY, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer

 
					
	HOT SPRINGS WINDFARM, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	MICHIGAN WIND 2, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	SHOOTING STAR WIND PROJECT, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	TUANA SPRINGS ENERGY, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	WHITETAIL WIND ENERGY, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer
	
	WILDCAT FINANCE, LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer

 
					
	WILDCAT WIND LLC
		
	By:	 	 /s/ Shane Smith

		 	Name:	 	Shane Smith
		 	Title:	 	Assistant Treasurer

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Steve Barone

	Name:	 	Steve Barone
	Title:	 	Assistant Vice President

 Exhibit 4.2 

EXHIBIT A1 
 [Form of Face of Note]

 [THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN
WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE
MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR
A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER
ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.]1 
 THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A
THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A
UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A TRANSACTION 
  

	1 	 Include in Global Notes. 

 
MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144
THEREUNDER (IF APPLICABLE) OR (d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY
OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT
HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE
SECURITY EVIDENCED HEREBY. 
 [THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT.]2 

 

	2 	Include in Regulation S Permanent Global Notes. 

  
 A1-2 

 CUSIP
[                    ] 
 ISIN
[                    ]3 

[144A GLOBAL] [REGULATION S PERMANENT GLOBAL] [DEFINITIVE] NOTE 

6.000% Senior Secured Notes due 2033 
  

			
	No. [RA-    ] [RS-    ] [U-    ]	 	[Up to]4
[$        ]                

 CONTINENTAL WIND, LLC 

promises to pay to [CEDE & CO.]5
[                    ] or its registered assigns the principal sum [set forth on the Schedule of Exchanges of Interests in the Global Note attached
hereto]6 [of $         (         Dollars)]7 in installments on
the dates and in the amounts as set forth in Schedule 1 hereto and made part hereof. 
 Interest Payment Dates: February 28 or 29, as applicable, and
August 31 
 Record Dates: February 14 or 15, as applicable, and August 15 

 

	3 	Rule 144A Note CUSIP: [                    ] 

Rule 144A Note ISIN: [                    ]

 Regulation S Note CUSIP:
[                    ] 
 Regulation S
Note ISIN: [                    ] 

[CUSIP for Unrestricted Global Note:
[                    ]] 
 [ISIN for
Unrestricted Global Note: [                    ]] 

	4 	Include in Global Notes. 

	5 	Include in Global Notes. 

	6 	Include in Global Notes. 

	7 	Include in Definitive Notes. 

  
 A1-3 

 IN WITNESS HEREOF, the Company has caused this instrument to be duly executed. 

Dated: [            ], 2013 

 

			
	CONTINENTAL WIND, LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 A1-4 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated: [            ], 2013 

  
 A1-5 

 [Reverse Side of Note] 

6.000% Senior Secured Notes due 2033 

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

(1) INTEREST. Continental Wind, LLC, a Delaware limited liability company (the
“Company”), promises to pay or cause to be paid interest on the principal amount of this Note at 6.000% per annum until but excluding maturity. The Company shall pay interest semi-annually in arrears on
[                    ] of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest
Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of original issuance; provided that the first Interest Payment
Date shall be [            ], 20[    ]. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal
at a rate that is 1.00% per annum higher than the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest, if any (without regard to any applicable grace periods), at the same rate to the extent lawful. 
 Interest will be computed on the
basis of a 360-day year comprised of twelve 30-day months. 
 (2) METHOD OF
PAYMENT. The Company will pay interest, and will make payments of principal in accordance with Schedule 1 hereto, on the Notes (except defaulted interest), if any, to the Persons who are registered Holders at the
close of business on the February 14 or 15, as applicable, or August 15 immediately preceding the Interest Payment Date; provided, that if such day is not a Business Day then such payment need not be made on such date, but may be
made on the next succeeding Business Day. The Notes will be payable as to principal, premium, if any, Make-Whole Amounts, if any, and interest, if any, at the office or agency of the Company maintained for such purpose. Such payment will be in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

(3) PAYING AGENT AND REGISTRAR. Initially,
Wilmington Trust, National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change the Paying Agent or Registrar without notice to the Holders. The Company or any of its subsidiaries may act as
Paying Agent or Registrar. 
 (4) INDENTURE AND SECURITY
DOCUMENTS. The Company issued the Notes under an Indenture dated as of September 30, 2013 (as amended or supplemented from time to time, the “Indenture”) among the Company, the Note Guarantors
named therein and the Trustee. This Note is one of a duly authorized issue of notes of the Company designated as its 6.000% Senior Secured Notes due 2033. The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939, as amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. Any term used in this Note that is
defined in the Indenture shall have the meaning assigned to it in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The
Notes are senior secured obligations of the Company and the Note Guarantors. The Notes and the related guarantees are secured on a first-priority basis (subject to certain permitted liens and except for certain excluded assets) by (i) all of
our existing 

  
 A1-6 

 
and future equity interests in the Project Companies and all of Continental Wind Holding’s existing and future equity interests in the Company, (ii) the interests of the Project
Companies in substantially all of the Project Sites (as defined herein), including the leasehold interests therein, and improvements and fixtures thereon and all related easements, rights-of-way, servitudes, licenses and similar property rights, and
(iii) substantially all of the Company and the Note Guarantors’ assets, other than Continental Wind Holding, as described in the Security Documents referred to in the Indenture. 

(5) OPTIONAL REDEMPTION. 

(a) At any time prior to the Maturity Date the Company will have the right, at its option, to redeem any of the Notes, in
whole at any time or in part from time to time prior to their maturity, on at least 30 days’ but not more than 60 days’ notice, at a redemption price equal to (1) 100% of the principal amount of such Notes being redeemed, plus
(2) accrued and unpaid interest on such Notes being redeemed up to, but not including, the redemption date, plus (3) the Make-Whole Amount (subject to the rights of the Holders of record on the relevant record date to receive
interest due on the relevant Interest Payment Date) 
 (b) Unless the Company fails to deposit with the Trustee of the
Paying Agent money sufficient to make such redemption payment, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 

(6) NOTICE OF REDEMPTION. At least 30 days but not more than
60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail (or in the case of Notes held in book-entry form, by electronic transmission), a notice of redemption to each Holder whose Notes are to be redeemed at
its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes, a satisfaction and discharge of the Indenture or a Change of
Control pursuant to Articles 3, 8 or 11 thereof. Any redemption notice may, at the Company’s discretion, be subject to one or more conditions precedent. Notes and portions of Notes selected will be in amounts of $100,000 or integral multiples
of $1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder shall be redeemed or purchased. 

(7) SINKING FUND. The Company is not required to make sinking fund payments
with respect to the Notes. 
 (8) MANDATORY REDEMPTION. The Company is
required to redeem the Notes, in whole or in part, with Loss Proceeds, Title Event Proceeds, Asset Sale Proceeds, Project Contract Termination Proceeds, the proceeds of any Tax Equity Option Payment, the Whitetail Wind Project Prepayment Amount,
accumulated amounts in the Distribution Suspense Account (subject to certain conditions described in the Indenture) pursuant to the following provisions: 

(a) LOSS EVENTS AND EVENTS OF
TAKING. The Company shall redeem the Notes with Loss Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the
Depositary Agreement. The redemption price for the Notes to be redeemed in any such redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject
to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or
Replacement Credit Facilities Obligations 

  
 A1-7 

 
exceeds the amount of applicable Loss Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash
collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only
Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(b) TITLE EVENTS. The Company shall redeem the Notes with Title Event
Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such
redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the
relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Title Event
Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based
on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess
thereof, will be redeemed). 
 (c) PROJECT CONTRACT
TERMINATION. The Company shall repay the Notes with Project Contract Termination Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required
pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the
date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities
Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Project Contract Termination Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be
redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by
the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(d) MATERIAL ASSET SALES. The Company shall repay the Notes
with Asset Sale Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be
redeemed in any such redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive
interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of
applicable Asset Sale Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a
pro rata basis, based on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral
multiple of $1,000 in excess thereof, will be redeemed). 

  
 A1-8 

 (e) ACCUMULATION OF AMOUNTS
IN DISTRIBUTION SUSPENSE ACCOUNT. The Company shall repay the Notes with accumulated amounts in the Distribution Suspense Account on the last Quarterly Payment Date of
any Distribution Suspense Period in accordance with the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes redeemed in any such
redemption will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption (without premium or penalty), subject to the rights of Holders on the relevant record date to receive interest due on the
relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of such funds on deposit in such sub-account, the Notes will be redeemed on a pro rata basis, based on the amounts required to
be redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(f) TAX EQUITY OPTION PAYMENT
PROCEEDS. If the Company or any Project Company receives any Tax Equity Option Payment pursuant to the Tax Equity Option Agreement, then, within five (5) Business Days of receipt of such Tax Equity Option
Payment, the Company shall provide written direction to the Depositary Agent to deposit or transfer the Net Available Amount of such Tax Equity Option Payment to the Note Redemption Account, which amount shall be used to redeem the maximum principal
amount of Notes that may be redeemed out of such proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement. The redemption price for the Notes redeemed in any such redemption will be equal to 100%
of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption (without premium or penalty), subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date,
and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of the Tax Equity Option Payment, the Notes will be redeemed on a pro rata basis, based on the amounts required to be redeemed (with such adjustments as may
be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(g) WHITETAIL WIND PROJECT PREPAYMENT
AMOUNT. If the Whitetail Wind Project is sold pursuant to clause (11) of the definition of Permitted Asset Sale, then, prior to or substantially simultaneously with the consummation of such sale, the Company
shall deposit or cause to be deposited into the Note Redemption Account an amount in cash equal to $2,500,000, which amount shall be used to redeem the maximum principal amount of Notes that may be redeemed out of such amount in accordance with
Section 3.09 of the Indenture. The redemption price for the Notes redeemed in any such redemption will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption (without premium or penalty),
subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of the Whitetail Wind Project
Prepayment Amount, the Notes will be redeemed on a pro rata basis, based on the amounts required to be redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or
an integral multiple of $1,000 in excess thereof, will be redeemed). 
 (9) CHANGE OF
CONTROL REPURCHASE AT THE OPTION OF HOLDER. Upon the occurrence of a Change of Control, unless the Company has exercised its
right to redeem all of the Notes as described under Section 3.07 hereof, each Holder will have the right to require the Company to repurchase all or a portion (equal to $100,000 or an integral multiple of $1,000 in

  
 A1-9 

 
excess thereof) of that Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount of such Notes repurchased, plus accrued and unpaid interest, if any, on the
Notes repurchased to the date of purchase (subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, without premium or penalty). Within 10 Business Days following after obtaining
knowledge of any Change of Control, unless the Company has exercised its right to redeem all of the Notes, the Company will send, by first-class mail a notice to each Holder, with a copy to Trustee, describing the transaction or transactions that
constitute the Change of Control and setting forth the procedures governing the Change of Control Offer as required by the Indenture. 

(10) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in
registered form in denominations of $100,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder,
among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of
any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. 

(11) PERSONS DEEMED OWNERS. The registered Holder of a Note
may be treated as the owner of it for all purposes. Only registered Holders have rights under the Indenture. 
 (12)
AMENDMENT SUPPLEMENT AND WAIVER. The Indenture, the Note Guarantees or the Notes may be amended or supplemented as provided in the Indenture. 

(13) DEFAULTS AND REMEDIES. The Events of Default relating
to the Notes are defined in Article 6 of the Indenture. Upon the occurrence of an Event of Default, the rights and obligations of the Company, the Note Guarantors, the Trustee and the Holders shall be as set forth in the applicable provisions of the
Indenture. 
 (14) NO RECOURSE AGAINST
OTHERS. No past, present or future director, officer, representative, Controlling person, executive, agent, employee, incorporator or shareholder (whether direct or indirect) of the Company or any Note Guarantor
(including any holder of any membership interests in the Company or any Note Guarantor), as such, will have any liability for any obligations of the Company or any Note Guarantor under the Notes, the Note Guarantees, the Indenture, the Security
Documents or any other Note Document or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of
the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

(15) AUTHENTICATION. This Note will not be entitled to any benefit under the Indenture or
be valid or obligatory for any purpose until authenticated by the manual signature of an authorized signatory of the Trustee. 

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

  
 A1-10 

 (17) GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 The Company will furnish to any Holder upon written request and without charge a copy
of the Indenture. Requests may be made to the Company at the following address: 
 Continental Wind, LLC 

c/o Exelon Corporation 
 Address:
10 South Dearborn Street, 52nd Floor, Chicago, IL, 60603. 
 Attention: Manager, Treasury Operations 

With a copy to: 
 Continental
Wind, LLC 
 c/o Exelon Wind, LLC 

Address: 4601 Westown Parkway, Suite 300, West Des Moines, IA 50266 

Attention: Director, Finance 
 and

 Continental Wind, LLC 
 c/o
Exelon Business Services Company, LLC 
 Address: 100 Constellation Way, Suite 500P, Baltimore, MD 21202 

Attention: Assistant General Counsel, Project Finance 

  
 A1-11 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)

  
  

 
 (Insert assignee’s soc. sec. or
tax I.D. no.) 
  
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
  

			
	and irrevocably appoint	  	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

  

			
	Date:	 	  

  

			
	Your Signature:	 	  

 (Sign exactly as your name appears on the face of this Note) 

 

			
	Signature Guarantee*:	 	  

  

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

  
 A1-12 

 OPTION OF HOLDER TO
ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Company pursuant to
Section 3.10 of the Indenture, check the box below: 
  ̈  Section 3.10

 If you want to elect to have only part of the Note purchased by the Company pursuant to Section 3.10 of the Indenture, state the
amount you elect to have purchased: 
  

					
		 	$        (equal to $100,000 or	 	
		 	          an integral multiple of	 	
		 	          $1,000 in excess thereof)	 	
		 		 	

  

			
	Date:	 	  

  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

 
			
		
	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

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

  
 A1-13 

 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE8 

The outstanding principal amount of this Global Note is $[        ]. The following exchanges of a part
of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

									
	 Date of Exchange
	  	Amount of
decrease in
Principal
Amount of this
Global Note	  	Amount of
increase in
Principal
Amount of this
Global Note	  	Principal
Amount of this
Global Note
following such
decrease or
increase	  	Signature of
authorized
signatory of
Trustee or
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	8 	Include in Global Notes. 

  
 A1-14 

 SCHEDULE 1 

SCHEDULE OF PRINCIPAL PAYMENTS 

The principal amount of the Notes will be payable in semi-annual installments, commencing
[            ], pro rata to the registered Holders thereof in accordance with the following schedule: 
  

							
	 Interest Payment Date
	  	Percentage of Original
Principal Amount
Payable	  	Interest Payment Date	  	Percentage of Original
Principal Amount
Payable
		  		  		  	
		  		  		  	
		  		  		  	

 This Schedule 1 shall be adjusted in the event of any redemption or purchase of the Notes in part. 

  
 A1-15 

 EXHIBIT A2 

[Form of Face of Regulation S Temporary Global Note] 

THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON. 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. 

  
 A2-1 

 CUSIP              

[REGULATION S TEMPORARY GLOBAL NOTE] 

6.000% Senior Secured Notes due 2033 
  

			
	No.     	  	$        

 CONTINENTAL WIND, LLC 

promises to pay to [CEDE & CO.]9
[                    ] or its registered assigns the principal sum of $         
(            Dollars) in installments on the dates and in the amounts as set forth in Schedule 1 hereto and made part hereof. 

Interest Payment Dates: February 28 or 29, as applicable, and August 31 

Record Dates: February 14 or 15, as applicable, and August 15 

 

	9 	Include in Global Notes. 

  
 A2-2 

 IN WITNESS HEREOF, the Company has caused this instrument to be duly executed. 

Dated: [            ], 2013 

 

			
	CONTINENTAL WIND, LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 A2-3 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated: [            ], 2013 

  
 A2-4 

 [Reverse Side of Regulation S Temporary Global Note] 

6.000% Senior Secured Notes due 2033 

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

(1) INTEREST. Continental Wind, LLC, a Delaware limited liability company (the
“Company”), promises to pay or cause to be paid interest on the principal amount of this Note at 6.000% per annum until but excluding maturity. The Company shall pay interest semi-annually in arrears on
[                    ] of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest
Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of original issuance; provided that the first Interest Payment
Date shall be [            ], 20[    ]. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal
at a rate that is 1.00% per annum higher than the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest, if any (without regard to any applicable grace periods), at the same rate to the extent lawful. 
 Interest will be computed on the
basis of a 360-day year comprised of twelve 30-day months. 
 (2) METHOD OF
PAYMENT. The Company will pay interest, and will make payments of principal in accordance with Schedule 1 hereto, on the Notes (except defaulted interest), if any, to the Persons who are registered Holders at the
close of business on the February 14 or 15, as applicable, or August 15 immediately preceding the Interest Payment Date; provided, that if such day is not a Business Day then such payment need not be made on such date, but may be
made on the next succeeding Business Day. The Notes will be payable as to principal, premium, if any, Make-Whole Amounts, if any, and interest, if any, at the office or agency of the Company maintained for such purpose. Such payment will be in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

(3) PAYING AGENT AND REGISTRAR. Initially,
Wilmington Trust, National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change the Paying Agent or Registrar without notice to the Holders. The Company or any of its subsidiaries may act as
Paying Agent or Registrar. 
 (4) INDENTURE AND SECURITY
DOCUMENTS. The Company issued the Notes under an Indenture dated as of September 30, 2013 (as amended or supplemented from time to time, the “Indenture”) among the Company, the Note Guarantors
named therein and the Trustee. This Note is one of a duly authorized issue of notes of the Company designated as its 6.000% Senior Secured Notes due 2033. The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939, as amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. Any term used in this Note that is
defined in the Indenture shall have the meaning assigned to it in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The
Notes are senior secured obligations of the Company and the Note Guarantors. The Notes and the related guarantees are secured on a first-priority basis (subject to certain permitted liens and except for certain excluded assets) by (i) all of
our existing 

  
 A2-5 

 
and future equity interests in the Project Companies and all of Continental Wind Holding’s existing and future equity interests in the Company, (ii) the interests of the Project
Companies in substantially all of the Project Sites (as defined herein), including the leasehold interests therein, and improvements and fixtures thereon and all related easements, rights-of-way, servitudes, licenses and similar property rights, and
(iii) substantially all of the Company and the Note Guarantors’ assets, other than Continental Wind Holding, as described in the Security Documents referred to in the Indenture. 

(5) OPTIONAL REDEMPTION. 

(a) At any time prior to the Maturity Date the Company will have the right, at its option, to redeem any of the Notes, in
whole at any time or in part from time to time prior to their maturity, on at least 30 days’ but not more than 60 days’ notice, at a redemption price equal to (1) 100% of the principal amount of such Notes being redeemed, plus
(2) accrued and unpaid interest on such Notes being redeemed up to, but not including, the redemption date, plus (3) the Make-Whole Amount (subject to the rights of the Holders of record on the relevant record date to receive
interest due on the relevant Interest Payment Date) 
 (b) Unless the Company fails to deposit with the Trustee of the
Paying Agent money sufficient to make such redemption payment, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 

(6) NOTICE OF REDEMPTION. At least 30 days but not more than
60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail (or in the case of Notes held in book-entry form, by electronic transmission), a notice of redemption to each Holder whose Notes are to be redeemed at
its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes, a satisfaction and discharge of the Indenture or a Change of
Control pursuant to Articles 3, 8 or 11 thereof. Any redemption notice may, at the Company’s discretion, be subject to one or more conditions precedent. Notes and portions of Notes selected will be in amounts of $100,000 or integral multiples
of $1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder shall be redeemed or purchased. 

(7) SINKING FUND. The Company is not required to make sinking fund payments
with respect to the Notes. 
 (8) MANDATORY REDEMPTION. The Company is
required to redeem the Notes, in whole or in part, with Loss Proceeds, Title Event Proceeds, Asset Sale Proceeds, Project Contract Termination Proceeds, the proceeds of any Tax Equity Option Payment, the Whitetail Wind Project Prepayment Amount,
accumulated amounts in the Distribution Suspense Account (subject to certain conditions described in the Indenture) pursuant to the following provisions: 

(a) LOSS EVENTS AND EVENTS OF
TAKING. The Company shall redeem the Notes with Loss Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the
Depositary Agreement. The redemption price for the Notes to be redeemed in any such redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject
to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or
Replacement Credit Facilities Obligations 

  
 A2-6 

 
exceeds the amount of applicable Loss Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash
collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only
Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(b) TITLE EVENTS. The Company shall redeem the Notes with Title Event
Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such
redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the
relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Title Event
Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based
on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess
thereof, will be redeemed). 
 (c) PROJECT CONTRACT
TERMINATION. The Company shall repay the Notes with Project Contract Termination Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required
pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be redeemed in any such redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the
date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities
Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of applicable Project Contract Termination Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be
redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a pro rata basis, based on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by
the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(d) MATERIAL ASSET SALES. The Company shall repay the Notes
with Asset Sale Proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes to be
redeemed in any such redemption (without premium or penalty) will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive
interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations exceeds the amount of
applicable Asset Sale Proceeds, the Notes and outstanding Credit Facilities Obligations and/or Replacement Credit Facilities Obligations will be redeemed or prepaid, or cash collateralized in the case of letters of credit, as the case may be, on a
pro rata basis, based on the amounts required to be prepaid cash collateralized or redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral
multiple of $1,000 in excess thereof, will be redeemed). 

  
 A2-7 

 (e) ACCUMULATION OF AMOUNTS
IN DISTRIBUTION SUSPENSE ACCOUNT. The Company shall repay the Notes with accumulated amounts in the Distribution Suspense Account on the last Quarterly Payment Date of
any Distribution Suspense Period in accordance with the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement. The redemption price for the Notes redeemed in any such
redemption will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption (without premium or penalty), subject to the rights of Holders on the relevant record date to receive interest due on the
relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of such funds on deposit in such sub-account, the Notes will be redeemed on a pro rata basis, based on the amounts required to
be redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(f) TAX EQUITY OPTION PAYMENT
PROCEEDS. If the Company or any Project Company receives any Tax Equity Option Payment pursuant to the Tax Equity Option Agreement, then, within five (5) Business Days of receipt of such Tax Equity Option
Payment, the Company shall provide written direction to the Depositary Agent to deposit or transfer the Net Available Amount of such Tax Equity Option Payment to the Note Redemption Account, which amount shall be used to redeem the maximum principal
amount of Notes that may be redeemed out of such proceeds in accordance with Section 3.09 of the Indenture and the provisions of the Depositary Agreement. The redemption price for the Notes redeemed in any such redemption will be equal to 100%
of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption (without premium or penalty), subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date,
and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of the Tax Equity Option Payment, the Notes will be redeemed on a pro rata basis, based on the amounts required to be redeemed (with such adjustments as may
be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or an integral multiple of $1,000 in excess thereof, will be redeemed). 

(g) WHITETAIL WIND PROJECT PREPAYMENT
AMOUNT. If the Whitetail Wind Project is sold pursuant to clause (11) of the definition of Permitted Asset Sale, then, prior to or substantially simultaneously with the consummation of such sale, the Company
shall deposit or cause to be deposited into the Note Redemption Account an amount in cash equal to $2,500,000, which amount shall be used to redeem the maximum principal amount of Notes that may be redeemed out of such amount in accordance with
Section 3.09 of the Indenture. The redemption price for the Notes redeemed in any such redemption will be equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption (without premium or penalty),
subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If the aggregate principal amount of Notes exceeds the amount of the Whitetail Wind Project
Prepayment Amount, the Notes will be redeemed on a pro rata basis, based on the amounts required to be redeemed (with such adjustments as may be deemed appropriate by the Company so that only Notes in original principal denominations of $100,000, or
an integral multiple of $1,000 in excess thereof, will be redeemed). 
 (9) CHANGE OF
CONTROL REPURCHASE AT THE OPTION OF HOLDER. Upon the occurrence of a Change of Control, unless the Company has exercised its
right to redeem all of the Notes as described under Section 3.07 hereof, each Holder will have the right to require the Company to repurchase all or a portion (equal to $100,000 or an integral multiple of $1,000 in

  
 A2-8 

 
excess thereof) of that Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount of such Notes repurchased, plus accrued and unpaid interest, if any, on the
Notes repurchased to the date of purchase (subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date, without premium or penalty). Within 10 Business Days following after obtaining
knowledge of any Change of Control, unless the Company has exercised its right to redeem all of the Notes, the Company will send, by first-class mail a notice to each Holder, with a copy to Trustee, describing the transaction or transactions that
constitute the Change of Control and setting forth the procedures governing the Change of Control Offer as required by the Indenture. 

(10) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in
registered form in denominations of $100,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder,
among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of
any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. 

(11) PERSONS DEEMED OWNERS. The registered Holder of a Note
may be treated as the owner of it for all purposes. Only registered Holders have rights under the Indenture. 
 (12)
AMENDMENT SUPPLEMENT AND WAIVER. The Indenture, the Note Guarantees or the Notes may be amended or supplemented as provided in the Indenture. 

(13) DEFAULTS AND REMEDIES. The Events of Default relating
to the Notes are defined in Article 6 of the Indenture. Upon the occurrence of an Event of Default, the rights and obligations of the Company, the Note Guarantors, the Trustee and the Holders shall be as set forth in the applicable provisions of the
Indenture. 
 (14) NO RECOURSE AGAINST
OTHERS. No past, present or future director, officer, representative, Controlling person, executive, agent, employee, incorporator or shareholder (whether direct or indirect) of the Company or any Note Guarantor
(including any holder of any membership interests in the Company or any Note Guarantor), as such, will have any liability for any obligations of the Company or any Note Guarantor under the Notes, the Note Guarantees, the Indenture, the Security
Documents or any other Note Document or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

(15) AUTHENTICATION. This Note will not be entitled to any benefit under the Indenture or
be valid or obligatory for any purpose until authenticated by the manual signature of an authorized signatory of the Trustee. 

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

 (17) GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK. 

  
 A2-9 

 The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to the Company at the following address: 
 Continental Wind, LLC 

c/o Exelon Corporation 
 Address:
10 South Dearborn Street, 52nd Floor, Chicago, IL, 60603. 
 Attention: Manager, Treasury Operations 

With a copy to: 
 Continental
Wind, LLC 
 c/o Exelon Wind, LLC 

Address: 4601 Westown Parkway, Suite 300, West Des Moines, IA 50266 

Attention: Director, Finance 
 and

 Continental Wind, LLC 
 c/o
Exelon Business Services Company, LLC 
 Address: 100 Constellation Way, Suite 500P, Baltimore, MD 21202 

Attention: Assistant General Counsel, Project Finance 

  
 A2-10 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)

  
  

 
 (Insert assignee’s soc. sec. or
tax I.D. no.) 
  
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
  

			
	and irrevocably appoint	  	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

  

			
	Date:	 	  

  

			
	Your Signature:	 	  

 (Sign exactly as your name appears on the face of this Note) 

 

			
	Signature Guarantee*:	 	  

  

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

  
 A2-11 

 OPTION OF HOLDER TO
ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Company pursuant to
Section 3.10 of the Indenture, check the box below: 
  ̈  Section 3.10

 If you want to elect to have only part of the Note purchased by the Company pursuant to Section 3.10 of the Indenture, state the
amount you elect to have purchased: 
  

					
		 	$        (equal to $100,000 or	 	
		 	          an integral multiple of	 	
		 	          $1,000 in excess thereof)	 	

  

			
	Date:	 	  

  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

 
			
		
	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

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

  
 A2-12 

 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE REGULATION S TEMPORARY GLOBAL NOTE10 

The outstanding principal amount of this Global Note is $        . The following exchanges of a part
of this Regulation S Temporary Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Regulation S Temporary Global Note, have been made:

  

									
	 Date of Exchange
	  	Amount of
decrease in
Principal
Amount of this
Global Note	  	Amount of
increase in
Principal
Amount of this
Global Note	  	Principal
Amount of this
Global Note
following such
decrease or
increase	  	Signature of
authorized
signatory of
Trustee or
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	10 	Include in Global Notes. 

  
 A2-13 

 SCHEDULE 1 

SCHEDULE OF PRINCIPAL PAYMENTS 

The principal amount of the Notes will be payable in semi-annual installments, commencing
[            ], pro rata to the registered Holders thereof in accordance with the following schedule: 
  

							
	 Interest Payment Date
	  	Percentage of Original
Principal Amount
Payable	  	Interest Payment Date	  	Percentage of Original
Principal Amount
Payable
		  		  		  	
		  		  		  	
		  		  		  	

 This Schedule 1 shall be adjusted in the event of any redemption or purchase of the Notes in part. 

  
 A2-14 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 Continental
Wind, LLC 
 c/o Exelon Corporation, 
 10 South Dearborn Street,
48th Floor 
 Chicago, IL 60680 
 [Registrar address
block] 
 Re: 6.000% Senior Secured Notes due 2033 (CUSIP
[            ]) 
 Reference is hereby made to the Indenture, dated as of
September 30, 2013 (the “Indenture”), among Continental Wind, LLC, as issuer (the “Company”), the Note Guarantors party thereto and Wilmington Trust, National Association, as trustee. Capitalized terms used but
not defined herein shall have the meanings given to them in the Indenture. 

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

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

2.  ̈ Check if Transferee will take delivery of a beneficial interest in the Regulation S
Temporary Global Note, the Regulation S Permanent Global Note or a Restricted Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and,
accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor
and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither
such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b)
of Regulation S under the Securities Act [and/,] (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act [and 

  
 B-1 

 
(iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other
than an Initial Purchaser)]. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer enumerated in the Private
Placement Legend printed on the Regulation S Permanent Global Note, the Regulation S Temporary Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 

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

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

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

4.  ̈ Check if Transferee will take delivery of a beneficial interest in an Unrestricted
Global Note or of an Unrestricted Definitive Note. 
 (a)  ̈ Check if Transfer is
pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities
laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed
Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global
Notes, on Restricted Definitive Notes and in the Indenture. 
 (b)  ̈ Check if Transfer is
Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable
blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon
consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed
on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 

  
 B-2 

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

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Dated:	 	  

  
 B-3 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

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

 [CHECK ONE OF (a) OR (b)]

  

	 	(a)	a beneficial interest in the: 

  

	 	(i)	 ̈ 144A Global Note (CUSIP             ), or 

 

	 	(ii)	 ̈ Regulation S Global Note (CUSIP             ), or 

 

	 	(b)	 ̈ a Restricted Definitive Note. 

  

	 	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE] 

 

	 	(a)	 ̈ a beneficial interest in the: 

  

	 	(i)	 ̈ 144A Global Note (CUSIP             ), or 

 

	 	(ii)	 ̈ Regulation S Global Note (CUSIP             ), or 

 

	 	(iv)	 ̈ Unrestricted Global Note (CUSIP             ); or 

 

	 	(b)	 ̈ a Restricted Definitive Note; or 

  

	 	(c)	 ̈ an Unrestricted Definitive Note, 

 in
accordance with the terms of the Indenture. 

  
 B-4 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 Continental
Wind, LLC 
 c/o Exelon Corporation 
 10 South Dearborn Street,
48th Floor 
 Chicago, IL 60680 
 [Registrar address
block] 
 Re: 6.000% Senior Secured Notes due 20[33] (CUSIP
[            ]) 
 Reference is hereby made to the Indenture, dated
as of September 30, 2013 (the “Indenture”), among Continental Wind, LLC, as issuer (the “Company”), the Note Guarantors party thereto and Wilmington Trust, National Association, as Trustee. Capitalized terms
used but not defined herein shall have the meanings given to them in the Indenture. 

                       
                 , (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of
$         in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or
Beneficial Interests in an Unrestricted Global Note 
 (a)  ̈ Check if Exchange is
from beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an
Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of
any state of the United States. 
 (b)  ̈ Check if Exchange is from beneficial interest in
a Restricted Global Note to Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive
Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the
Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being acquired in
compliance with any applicable blue sky securities laws of any state of the United States. 
 (c)
 ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a
beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in

  
 C-1 

 
compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in
the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws of any state
of the United States. 
 (d)  ̈ Check if Exchange is from Restricted Definitive Note to
Unrestricted Definitive Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the
Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any
applicable blue sky securities laws of any state of the United States. 
 2. Exchange of Restricted Definitive Notes or Beneficial
Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted
Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed
Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the
Indenture and the Securities Act. 
 (b)  ̈ Check if Exchange is from Restricted
Definitive Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the 144A Global Note or Regulation S Global Note with an equal
principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable
to the Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance
with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act.

  
 C-2 

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

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Dated:	 	  

  
 C-3 

 EXHIBIT D 

BASE CASE PROJECTIONS 
 [To come]

  
 D-1 

 EXHIBIT E 

FORM OF CONSENT 
 CONSENT AND
AGREEMENT 
 This CONSENT AND AGREEMENT (this “Consent”), dated as of
                    , is entered into by and among
[                                ] (the “Consenting Party”),
[                    ] (the “Company”) and
[                    ] (in such capacity, together with its successors and assigns, the “Collateral Agent”), acting as collateral
agent for the Secured Parties (as defined below). 
 RECITALS 

WHEREAS, Continental Wind, LLC, the parent of the Company (the “Issuer”), will issue senior secured notes in the amount of
[$        ] (the “Notes”) pursuant to that certain Indenture as among the Issuer, the indenture trustee named therein and the other parties thereto (as amended, restated, supplemented or
otherwise modified from time to time, the “Indenture”), dated as of [            ], 2013 (the “Closing Date”), to finance the operation of various wind
farms in which Issuer holds an indirect interest, including [                    ] (the “Project[s]”); [Name all relevant
Projects] 
 WHEREAS, the Issuer, the Collateral Agent, the issuing banks identified therein (the “Issuing Banks”), the
administrative agent identified therein (in such capacity, together with its successors and assigns, the “Administrative Agent”), the lenders party thereto from time to time (the “Lenders”) and the other parties
thereto have entered into that certain Credit Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), dated as of the Closing Date pursuant to which the Issuing Banks will
issue letters of credit and the Lenders will advance certain loans (the “Loans”) to finance the operation of various wind farms in which Issuer holds an indirect interest, including the Project[s]; 

WHEREAS, the Company will benefit directly from the proceeds of the Notes and the Loans and the issuance of the letters of credit and has,
therefore, provided a guaranty of the obligations of the Issuer (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) pursuant to the Financing Documents (as defined below); 

WHEREAS, the Company and Consenting Party have entered into that certain
[                                        ] (as
amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof and hereof, the “Assigned Agreement[s]”); [Name all relevant agreements; revise terms herein
accordingly] 
 WHEREAS, pursuant to certain security agreements and related documents, dated as of the Closing Date (as amended,
restated, supplemented or otherwise modified from time to time, the “Security Documents”), between the Issuer, the Company, certain other subsidiaries of the Issuer and the Collateral Agent, the Company has collaterally assigned its
interest under the Assigned Agreement[s] (the “Collateral Assignment”) as security for the Company’s obligations under the Financing Documents for the benefit of the Lenders, the Collateral Agent, the Administrative Agent and
the depositary bank identified in the Credit Agreement, the holders of the Notes from time to time (the “Holders”) and the indenture trustee pursuant to the Indenture (collectively, the “Secured Parties”); 

  
 E-1 

 WHEREAS, the Guaranty, Indenture, the Credit Agreement, the Security Documents and all related
agreements shall be referred to herein as the “Financing Documents;” 
 WHEREAS, the Collateral Agent shall act hereunder for the
benefit of the Secured Parties pursuant to that certain Intercreditor Agreement, dated the Closing Date; and 
 WHEREAS, the Company
requests that Consenting Party consent to the Collateral Assignment. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Collateral
Assignment. Consenting Party hereby consents to the Collateral Assignment. Consenting Party further acknowledges the right of the Collateral Agent or any designee of the Collateral Agent, in exercise of the Collateral Agent’s rights and
remedies as a secured creditor of the Company and acting on behalf of the Secured Parties, to make all demands, give all notices, take all actions and exercise all rights of the Company under the Assigned Agreement. The Collateral Agent (acting at
the direction of the Secured Parties) shall be entitled (but not obligated) to cure any defaults of the Company under the Assigned Agreement in accordance with the provisions thereof. Consenting Party agrees to accept such cure by the Collateral
Agent (acting at the direction of the Secured Parties) and, subject to the terms and conditions of the Assigned Agreement and cure of such defaults, to render to the Secured Parties all performance due by it under the Assigned Agreement and this
Consent. 
 2. Payments. The Company hereby irrevocably authorizes and directs that any payments from Consenting Party which are due
and payable to the Company under the Assigned Agreement be made directly to depositary bank in accordance with the following payment instructions: 

[                       
                 ] 
 or such other payment instructions
as may be provided in writing to the Consenting Party from the Collateral Agent from time to time. The Company hereby agrees that Consenting Party may rely on any such instructions by the Collateral Agent to Consenting Party, and the Company
releases Consenting Party from all liability for making payments to the Collateral Agent upon receipt by Consenting Party of any such instructions. 

3. Cure of Default. Upon the occurrence of a breach, default or event of default by the Company under the Assigned Agreement, or upon
the occurrence or non-occurrence of any other event or condition which would enable the Consenting Party to terminate or suspend its obligations under the Assigned Agreement (herein called a “default”), the Consenting Party will
continue to perform and not terminate or suspend its obligations under the Assigned Agreement until it first (i) gives to the Collateral Agent the written notice required to be given to the Company by the Assigned Agreement specifying the
nature of the default giving rise to such right (and in the case of a payment default, specifying the amount thereof), (ii) gives the Collateral Agent as well as the Company the opportunity to cure such default during the cure period specified
in the Assigned 

  
 E-2 

 
Agreement beginning upon receipt of notice of such default by the Collateral Agent (the “Assignment Agreement Cure Period”), and (iii) gives the Collateral Agent the opportunity to
cure such default for an additional period of thirty (30) days after the Assignment Agreement Cure Period in the case of a payment default and thirty (30) days after the expiration of the Assignment Agreement Cure Period in the case of
performance defaults which shall be extended to ninety (90) days if such default is not capable of being cured in such period and the Collateral Agent is diligently pursuing cure. If possession of the Project is necessary to cure any
non-payment default and the Collateral Agent commences foreclosure proceedings against the Company within such 90-day period and is diligently pursuing such proceeding, or if the Collateral Agent is prohibited from curing any default or from
commencing or prosecuting foreclosure or other appropriate proceedings by operation of law or by any process, stay or injunction issued by any governmental authority or pursuant to any bankruptcy or insolvency proceeding or other similar proceeding
involving the Company, then in each case the time periods specified herein for curing a default (other than a payment default) or commencing or prosecuting such foreclosure or other proceedings shall be extended for the period to complete such
proceeding or of such prohibition. 
 4. Substitution. Upon receipt of notification from the Collateral Agent of any default by the
Company under the Financing Documents and that the Collateral Agent desires to exercise its rights and remedies pursuant to the Security Documents (i) to have itself or its designee substituted for the Company under the Assigned Agreement or
(ii) to sell, assign, transfer or otherwise dispose of the Assigned Agreement to any other person, including any assignee which is a purchaser at a foreclosure sale or by deed in lieu of foreclosure (an “Assignee”), then Consenting
Party agrees that the Collateral Agent, any of the Secured Parties or their respective designee or any Assignee (each, a “Substitute Owner”) may be substituted for the Company under the Assigned Agreement and the Consenting Party shall
continue to perform its obligations under the Assigned Agreement in favor of the Substitute Owner if such Substitute Owner assumes in writing the obligations of the Company under the Assigned Agreement (including the obligation to cure any
then-existing payment and performance defaults but excluding the obligation to cure any then-existing performance defaults that are not reasonably susceptible of cure). Consenting Party acknowledges that none of the Collateral Agent or the Secured
Parties are liable under the Assigned Agreement and shall not become liable thereunder unless and until such party shall become a Substitute Owner as described in this Section 4 hereof, and then, the Collateral Agent, the Secured Parties, their
successors or designees, and any Assignee shall not have personal liability to the Consenting Party for the performance of the obligations under the Assigned Agreement and the sole recourse of the Consenting Party in seeking enforcement of such
obligations shall be to such parties’ interest in the Project. Upon any sale, assignment, transfer or other disposition to an Assignee, the Collateral Agent, its designees, and the Secured Parties shall be relieved of any and all obligations
arising under the Assigned Agreement. 
 5. Rejection in Bankruptcy. If the Assigned Agreement is rejected or terminated by a trustee
or debtor-in-possession in any bankruptcy or insolvency proceeding involving the Company, and if, within sixty (60) days after such rejection or termination, the Collateral Agent, any Secured Party or their respective designee or assignee shall
so request, the Collateral Agent, such Secured Party or such designee or assignee and the Consenting Party will promptly execute a new agreement that shall be for the balance of the remaining term under the Assigned Agreement (before giving effect
to such rejection or termination) and shall contain the same agreements, terms and conditions as the Assigned Agreement. 

  
 E-3 

 6. Termination; Material Amendment. Notwithstanding anything contained in the Assigned
Agreement to the contrary, Consenting Party shall not, without prior written consent of the Collateral Agent, cancel or terminate the Assigned Agreement except as expressly provided in the Assigned Agreement (but subject to the rights to cure set
forth in Section 3 above), or assign or consent to the Company’s assignment of the Assigned Agreement. Consenting Party shall not enter into any Modification (as defined below) of the Assigned Agreement as in effect on the date hereof
unless the Company shall have provided the Consenting Party with a certificate certifying that the consent of the Collateral Agent has been obtained or is not required. A “Modification” for purposes of this Section 6 shall mean a
material amendment to the Assigned Agreement the effect of which (x) is to materially expand the obligations of the Company or materially reduce the payment obligations of Consenting Party or (y) could reasonably be expected to have a
material adverse effect on the Company or the Project. 
 7. Delivery of Notices. The Consenting Party shall deliver to the
Collateral Agent and the Administrative Agent, concurrently with the delivery thereof to the Company, a copy of each notice of default, violation or breach or of a suspension of performance given by the Consenting Party pursuant to the Assigned
Agreement and each notice of a force majeure event. In addition, the Consenting Party shall provide notice to the Collateral Agent, the Administrative Agent and the Company of any material litigation, investigation or governmental proceeding or any
dispute with a government entity which is pending or threatened in writing against the Consenting Party if such matter could reasonably be expected to have a material adverse effect on the Company or the Project. 

8. Representations and Warranties. The Consenting Party makes the following representations and warranties to the Collateral Agent and
the other Secured Parties: 
 8.1 Organizational Matters. The Consenting Party is a [corporation/limited partnership/limited
liability company] duly organized, validly existing and in good standing under the laws of the state of its organization, and has all requisite power and authority, corporate and otherwise, to enter into and to perform its obligations hereunder and
under the Assigned Agreement. Each of this Consent and the Assigned Agreement has been duly authorized, executed and delivered on behalf of the Consenting Party by the appropriate officers or agents of the Consenting Party, and constitutes the
legal, valid and binding obligation of the Consenting Party, enforceable against the Consenting Party in accordance with its terms, except as the enforceability thereof may be limited by (a) bankruptcy, insolvency, reorganization, moratorium or
other similar laws affecting the enforcement of creditors’ rights generally, and (b) general equitable principles (whether considered in a proceeding in equity or at law). 

8.2 Litigation. There is no litigation, proceeding or investigation pending or (to the knowledge of the Consenting Party) threatened
against the Consenting Party before or by any court, administrative agency, arbitrator or governmental authority, body or agency which questions the validity, binding effect or enforceability hereof or of the Assigned Agreement or which, if
adversely determined, individually or in the aggregate, could have a material adverse effect upon the ability of the Consenting Party to perform under the Assigned Agreement or this Consent. 

8.3 Governmental Approvals; Compliance. No consent, order, authorization, waiver, approval or any other action, or registration,
declaration or filing with, any government or public body, authority or agency is required to be obtained or made by the Consenting Party in connection with the execution, delivery or performance of the Assigned Agreement or this Consent,

  
 E-4 

 
except as has been validly issued, is in full force and effect, is not subject to any condition (other than compliance with the terms thereof), does not impose restrictions or requirements
inconsistent with the terms of the Assigned Agreement, and is final and non-appealable. The Consenting Party has not violated applicable law by entering into the Assigned Agreement or this Consent. The execution, delivery and performance by the
Consenting Party of this Consent and the Assigned Agreement and the consummation of the transactions contemplated hereby and thereby will not result in any violation of, breach of or default under any term of its charter or by-laws, or of any
material contract or agreement to which it is a party or by which it or its property is bound. 
 8.4 No Default or Amendment.
Neither the Consenting Party nor, to the knowledge of the Consenting Party, the Company is in default of any of its obligations or covenants under the Assigned Agreement and no such default has occurred and has been cured prior to the date hereof.
No event or condition exists (including any condition arising as a result of, and after giving effect to, the assignment by the Consenting Party to the Collateral Agent of the Assigned Agreement) which would, either immediately or with the passage
of any applicable grace period or giving of notice, or both, enable the Consenting Party to terminate or suspend its obligations under the Assigned Agreement. The Assigned Agreement has not been amended, modified or supplemented in any manner
[except as described in the recitals hereto]. The Consenting Party has no notice of, and has not consented to, any previous assignment by the Company of all or any part of its rights in, to or under the Assigned Agreement. 

9. No Liability. Except during any period in which the Collateral Agent or any Secured Party (or any of their respective designees or
assignees) is substituted for the Company pursuant to Section 4 (and subject to the limitations therein), the Consenting Party acknowledges and agrees that neither the Collateral Agent nor any Secured Party (or any of their respective designees
or assignees) shall have any liability or obligation under the Assigned Agreement as a result of this Consent or any Security Documents, nor shall the Collateral Agent or any Secured Party (or any of their respective designees or assignees) be
obligated or required to perform any of the Company’s obligations under the Assigned Agreement or to take any action to collect or enforce any claim for payment assigned under any Security Documents. No curing of any defaults under the Assigned
Agreement shall be construed as an assumption by the Collateral Agent or any Secured Party (or any of their respective designees or assignees) of any of the obligations, covenants or agreements of the Company under the Assigned Agreement. 

10. Notices. All notices hereunder shall be in writing and shall be deemed received (i) at the close of business of the date of
receipt, if delivered by hand or by facsimile, or (ii) when signed for by recipient, if sent registered or certified mail, postage prepaid or by a nationally recognized courier service charges prepaid, provided such notice was properly
addressed to the appropriate address indicated on the signature page hereof or to such other address as a party may designate by prior written notice to the other parties. 

11. Refinancing. In the event that the Loans and/or the Notes are refinanced or replaced in whole or in part by other credit
facilities, this Consent and Agreement shall continue in effect for the benefit of the Company and the provider of such new credit facilities (the “New Secured Party”) provided that (i) within five (5) days following
delivery by the Company to the Consenting Party of the notice that the original Loans and/or the Notes have been satisfied in full, the New Secured Party or an agent, trustee or other representative of the New Secured Party, shall have notified the
Consenting Party that it assumes the rights and the prospective obligations of the Indenture Trustee or the Collateral Agent under this Consent, and shall have supplied substitute notice address 

  
 E-5 

 
information and new payment instructions pursuant to Section 2, (ii) the amount of the new credit facilities does not exceed the original amount of commitments by the Holders or the
Lenders and (iii) thereafter, (1) the term “Notes” and/or “Loans” under this Consent will be deemed to refer to the new credit facilities, (2) the term “Indenture Trustee,” “Holders,”
“Collateral Agent,” “Administrative Agent” or “Lenders” shall be deemed to refer to the New Secured Party or any agent or trustee for the New Secured Party, (3) the term “Indenture” or “Credit
Agreement” shall be deemed to refer to the credit agreement, indenture or other instrument providing for the new credit facilities and (4) the term “Security Documents” shall be deemed to refer to the security agreement under
which the Assigned Agreement is assigned as collateral to secure performance of the obligations of the Company under the new credit facilities. Notwithstanding anything to the contrary in this Section 11, in the event that the Loans are
refinanced or replaced as contemplated herein, the Consenting Party shall continue to be entitled to any and all rights and remedies set forth in the Assigned Agreement subject to the terms and limitations set forth herein. 

12. Governing Law. THIS CONSENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF [                ].11 

13. No Waiver. Neither this Consent nor any of the terms hereof may be terminated, amended, supplemented, waived or modified except by
an instrument in writing signed by each party hereto. No term, covenant or condition hereof shall be deemed waived and no breach excused unless such waiver or excuse shall be in writing and signed by the party claimed to have so waived or excused.
The invalidity or unenforceability of any provision of this Consent shall not affect the validity or enforceability of any other provision of this Consent, which shall remain in full force and effect. 

14. Successors and Assigns. This Consent shall be binding upon the permitted successors and assigns of the Company, the Consenting
Party and the Collateral Agent and inure, together with the rights and remedies of the Company, the Consenting Party and the Collateral Agent, to the benefit of the Company, the Consenting Party, the Collateral Agent, and to the Secured Parties as
third party beneficiaries and their respective permitted successors, designees, transferees and assigns. 
 15. Waiver of Trial by
Jury. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE CONSENTING PARTY, THE BORROWER AND THE COLLATERAL AGENT HEREBY IRREVOCABLY WAIVE ALL RIGHT OF TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS
CONSENT. 
 16. Assignment and Termination. Except as set forth in Section 11, this Consent may only be assigned with the prior
written consent of each of the other parties hereto. Any purported assignment not in compliance with this Section 16 shall be void and without force or effect. Unless otherwise expressly provided, the respective obligations of each party
hereunder are absolute and unconditional, and no party has, or shall have, a right to terminate this Consent or to be released, relieved or discharged from any obligation hereunder until all secured obligations of the Issuer pursuant to the
Financing Documents have been satisfied in full. 
  

	11 	Insert governing law of Assigned Agreement 

  
 E-6 

 17. Entire Agreement. This Consent embodies the complete agreement among the parties
hereto with respect to the matters specified herein and supersedes all other oral or written understandings or agreements. 
 18.
Counterparts. This Consent may be executed in one or more duplicate counterparts, and when executed and delivered by all the parties listed below, shall constitute a single binding agreement. A facsimile or .pdf copy of a counterpart
signature page shall serve as the functional equivalent of a manually executed copy for all purposes. 
 [Signature Pages Follow] 

  
 E-7 

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

			
	[                                    
    ], as Company
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Address:	 	
		
	Fax:	 	
	E-mail:	 	

  

			
	[                                    
    ], as Consenting Party
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Address:	 	
		
	Fax:	 	
	E-mail:	 	

 
			
	[                                    
    ], as Collateral Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Address:	 	
		
	Fax:	 	
	E-mail:	 	

 EXHIBIT F 

SUBORDINATION TERMS 
 Definitions and Rules of
Interpretation. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Credit Agreement. The rules of construction set forth in the Credit Agreement shall apply to this document as if fully set
forth herein. In addition, the following terms shall have the following meanings: 
 “Subordinated Lenders” shall
mean each and every lender to whom any of the Subordinated Indebtedness are owed and any holder of any document evidencing such Subordinated Indebtedness. 

“Subordinated Indebtedness” shall mean any unsecured indebtedness of any Company Entities permitted to be provided
by any other Company Entity pursuant to Section 6.2 of the Credit Agreement. 
 Ranking of Obligations. 

Until the final maturity date of the Secured Obligations, (i) the Subordinated Lenders and the Borrower hereby agree
that all Subordinated Indebtedness are and shall be subordinated in right of payment and liquidation in relation to all Secured Obligations to the extent and in the manner hereinafter set forth, (ii) except as provided in Section 2.2
hereof, no payments or other distributions whatsoever in respect of any part of the Subordinated Indebtedness shall be made nor shall any property or assets of the Borrower be applied to the purchase or other acquisition or retirement of any part of
the Subordinated Indebtedness, and (iii) each of the Subordinated Lenders agrees that it will not ask, demand, sue for, take or receive from or for the account of the Borrower (whether directly or indirectly), by set-off or in any other manner,
the Subordinated Indebtedness, or any security therefor, except with the prior written consent of the Required Secured Parties, until all the Secured Obligations have been indefeasibily paid in full in cash. 

Notwithstanding the restrictions set forth in Section 2.1 above, but without limitation to the rights of the Secured
Parties under the terms of the Financing Documents, on or following the Closing Date and until the final maturity date of the Secured Obligations, the Borrower may make repayments of principal of, other prepayments of principal of, and payments of
interest on, and other amounts owing in respect of, the Subordinated Indebtedness solely out of and to the extent of any funds permitted to be paid out of the Distribution Suspense Account in accordance with the provisions of the Depositary
Agreement. 
 Payments of the Subordinated Indebtedness not payable by reason of Section 2.2 above shall be deferred
until the date on which such payment may be made in accordance with the terms hereof; provided that, in the event that the payment of the Subordinated Indebtedness is so deferred or the conditions to payment have not been satisfied in
accordance with the terms hereof, such delay in payment shall not constitute a default in respect of the Subordinated Indebtedness. 
 No Payment in
Certain Circumstances. Until the final maturity date of the Secured Obligations, and without limitation to the rights of the Secured Parties under the terms of the Financing Documents: 

upon any distribution or application of the assets of the Borrower in connection with any liquidation, dissolution or other
proceeding for the winding up of the Borrower (whether partial or complete) or any proceeding for insolvency or bankruptcy (whether voluntary or involuntary) or any receivership, reorganization or other similar case or proceeding in connection
therewith, or any assignment for the benefit of creditors or arrangement with creditors, whether or not pursuant to the insolvency, bankruptcy or similar laws of any jurisdiction, or the sale of all or substantially all of the assets of the Borrower
or any other marshaling of assets and liabilities of the Borrower: 
  

	 	1.1.1	the Secured Obligations shall first be irrevocably and indefeasibly paid in full to the Secured Parties before any of the Subordinated Lenders shall be entitled to receive any payment on account of the Subordinated
Indebtedness or any other interests in the Borrower arising from the Subordinated Indebtedness whether in cash, securities or other assets; and 

  
 F-1 

	 	1.1.2	any payment or distribution of assets of the Borrower of any kind or character in respect of the Subordinated Indebtedness to which any of the Subordinated Lenders would be entitled if the Subordinated Indebtedness were
not subordinated pursuant to the terms hereof shall be made by the trustee, liquidator or agent or other Person making such payment or distribution, directly to the Secured Parties until the Secured Obligations are irrevocably and indefeasibly paid
in full and each of the Subordinated Lenders irrevocably authorizes and empowers the Collateral Agent, acting for and on behalf of the Secured Parties, to receive and collect on its behalf any and all such payments or distributions, after giving
effect to any concurrent payment or distribution to any holder of Secured Obligations; 

 without limitation
to the foregoing, in the event any of the Distribution Conditions are not satisfied, then no payment of principal, interest or other amounts owing shall be made by the Borrower on or in respect of the Subordinated Indebtedness, and each Subordinated
Lender agrees that it will not ask, demand, sue for, take or receive from or for the account of the Borrower (whether directly or indirectly), by set-off or in any other manner, or retain payment (in whole or in part) of, the Subordinated
Indebtedness, or any security therefor, until payments are permitted to be made out of the Distribution Suspense Account in accordance with the provisions of the Depositary Agreement; 

if, for any reason whatsoever and whether pursuant to a bankruptcy, liquidation or similar proceeding or otherwise, the
Borrower shall make or any of the Subordinated Lenders shall receive any payment or distribution of any kind or character, whether in cash, securities or other property, on account or in respect of the Subordinated Indebtedness in contravention of
any of the terms set forth herein, such Subordinated Lender shall hold any such payment or distribution in trust for the benefit of the Secured Parties, promptly notify the Collateral Agent of the receipt of such payment or distribution and promptly
pay over or deliver such distribution or payment to the Collateral Agent or to any other Person nominated by the Collateral Agent, to hold for the account of the Secured Parties. In the event of failure of any Subordinated Lender to make any such
endorsement or assignment, the Collateral Agent is irrevocably authorized by the Subordinated Lenders to make the same; provided, however, that nothing in this sentence shall be deemed to restrict any rights of the Secured Parties to
enforce in any manner provided under applicable Law the obligation of a Subordinated Lender to make any such endorsement or assignment; and 

notwithstanding any provision to the contrary herein or in any other Financing Document, no payment or delivery shall be made
to the Subordinated Lenders of securities or other obligations which are issued upon any merger, consolidation, sale, lease, transfer or other disposal by any Person succeeding to the Borrower or acquiring the Borrower’s property and assets,
unless such securities or obligations are pledged in favor of the Secured Parties and subordinate and junior at least to the extent provided herein to the irrevocable and indefeasible payment in full in cash of all Secured Obligations and to the
payment of any stock or obligations which are issued in exchange or substitution for any such obligations. 

 Authorizations to Collateral Agent. Until the final maturity date of the Secured Obligations, and without
limitation to the rights of the Secured Parties under the terms of the Financing Documents, each Subordinated Lender (i) irrevocably authorizes and empowers (without imposing any obligation on) the Collateral Agent to claim, enforce, demand,
sue for, collect and receive all payments and distributions on or in respect of the Subordinated Indebtedness which are required to be paid or delivered to any Secured Party, as provided herein, and to file and prove all claims therefor, give
receipts and take all such other action, in the name of such Subordinated Lender or otherwise, necessary or appropriate for the enforcement of these subordination provisions, (ii) irrevocably authorizes and empowers (without imposing any
obligation on) the Collateral Agent to vote the Subordinated Indebtedness in favor of or in opposition to any matter which may come before any meeting of creditors of the Borrower generally or in connection with, or in anticipation of, any
insolvency or bankruptcy case or proceeding, or any proceeding under any laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations, compositions or extensions relative to the Borrower, and (iii) agrees
to execute and deliver to the Collateral Agent all such further instruments reasonably required confirming the above authorization, and all such powers of attorney, proofs of claim, assignments of claim and other instruments, and to take all such
other action, as may be necessary or as may be reasonably requested by any Secured Party in order to enable the Collateral Agent (following the written instructions of the Required Secured Parties or all of the Secured Parties, as the case may be)
to enforce all claims upon or in respect of the Subordinated Indebtedness. 
 Non-Impairment. None of the Secured Obligations shall be impaired by
the Secured Parties: 
 agreeing with the Borrower, any Subordinated Lender or any other Person as to any amendment,
variation, assignment, novation, extension or departure (however substantial or material) of, to or from any Financing Document (including changing the manner, place or terms of payment of or extending the time of payment of, or renewing or
altering, the Secured Obligations, or otherwise amending or supplementing in any manner the Secured Obligations or any instrument evidencing the same or any agreement under which the Secured Obligations are outstanding, or any Financing Document) so
that any such amendment, variation, assignment, novation or departure shall, whatever its nature, be binding upon the Subordinated Lenders in all circumstances; 

releasing, granting any time, any indulgence or any waiver of any kind to, or composition with, the Borrower, any
Subordinated Lender or any other Person (including, without limitation, the waiver of any preconditions for drawing under, or of any breach of, the Financing Documents or the exercise or the failure to exercise any rights against the Borrower and
any other Person), or entering into any transaction or arrangements whatsoever with or in relation to the Borrower, any Subordinated Lender and/or any other Person; 

taking, accepting, varying, dealing with, exchanging, renewing, enforcing, failing to enforce, take up or perfect, abstaining
from enforcing, surrendering or releasing any security, right of recourse, set-off or combination or other right, remedy or interest held by the Secured Parties in connection with the Secured Obligations or any part thereof, or acting in relation to
the Financing Documents in such manner as it thinks fit; 
 failing to present or observe any formality or other
requirement in respect of any instrument or any failure to realise the full value of any security; 
 claiming, proving
for, accepting or transferring any payment in respect of the Secured Obligations in any composition by, or winding up of, the Borrower, any Subordinated Lender and/or any other Person or abstaining from so claiming, proving for, accepting or
transferring; or 

 actually or purportedly assigning all or any portion of the Secured Obligations to any other Person. 

To the fullest extent permitted by applicable Law, no change of law or circumstances shall release or diminish any of the Subordinated Lender’s
obligations, liabilities, agreements or duties hereunder, affect the provisions set forth herein in any way, or afford the Subordinated Lenders any recourse against any of the Secured Parties. 

Benefit of Subordination Provisions. These subordination provisions are intended solely to define the relative rights of the Secured Parties, the
Subordinated Lenders, and their respective successors and permitted assigns. 
 Subordination of Liens. Without limitation of any other provisions of
this Exhibit, the Borrower shall not create or suffer to exist any Lien on any of its Property benefiting the Subordinated Indebtedness. If in contravention of this Section 7, any such Liens shall now or hereafter secure or benefit the
Subordinated Indebtedness, whether arising by statute, in law or equity or by contract, then, without limiting any of the Secured Parties’ rights in respect of such breach, such Lien shall and is hereby expressly subordinated and made secondary
and inferior to the Liens now or hereafter securing or benefiting the Secured Obligations. 
 Reinstatement. If any payment to any of the Secured
Parties by the Borrower or any other Person in respect of any of the Secured Obligations is held to constitute a preference or a voidable transfer under applicable Law, or if for any other reason any Secured Party is required to refund such payment
to the Borrower or to such Person or to pay the amount thereof to any other Person, such payment to such Secured Party shall not constitute a release of any of the Subordinated Lenders from any of its liability hereunder, and each Subordinated
Lender agrees and acknowledges that the provisions set forth herein shall continue to be effective or shall be reinstated, as the case may be, to the extent of any such payment or payments. 

Restrictions on Transfers. None of the Subordinated Lenders may transfer (by sale, novation or otherwise) any of its rights or obligations under the
Subordinated Indebtedness unless the transferee of such interest first agrees in writing to be bound by the terms of this Exhibit applicable to the transferor of such interest and executes an instrument to that effect. 

Agreements of Subordinated Lenders. Each of the Subordinated Lenders shall: 

until the Secured Obligations have been paid in full, promptly deliver to the Collateral Agent copies of each amendment or
modification to any agreement relating to the Subordinated Indebtedness agreed to which such Subordinated Lender is a party; 

until the Secured Obligations have been paid in full, cause to be clearly inserted in any instrument which at any time
evidences any part of the Subordinated Indebtedness owing to such Subordinated Lender a statement to the effect that the payment thereof is subordinated in accordance with the terms of this Exhibit; and 

at its own cost, file all documents or instruments necessary or advisable and do all things as any Secured Party may
reasonably request in order to carry out more effectively the intent and purpose of these subordination provisions. 

 Waiver of Subrogation. 

Notwithstanding anything to the contrary herein or in any other Financing Document, until the final maturity date of the
Secured Obligations each of the Subordinated Lenders irrevocably waives any claim or other rights which it may now have or hereafter acquire against the Borrower that arise from the existence or performance of its Secured Obligations hereunder
including any and all rights of subrogation, reimbursement, exoneration, contribution, indemnification, any right to participate in any claim or remedy of the Secured Parties against the Borrower, or any security which the Secured Parties may now
have or hereafter acquire, by any payment made hereunder or otherwise, including the right to take or receive from the Borrower, 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 or other rights. 
 For the purposes of such waiver of subrogation, any payments or distributions to the
Secured Parties of any cash, property or securities to which the Subordinated Lenders would be entitled except for these provisions shall, as between the [Borrower][Company] and the Subordinated Lenders and their respective other creditors, be
deemed to be a payment by the Borrower to or on account of the Secured Obligations. 
 Exercise of Powers. 

The Secured Parties shall be entitled to exercise their rights and powers under these subordination provisions in such a
manner and at such times as the Secured Parties in their absolute discretion may determine. None of the Secured Parties shall be liable for any losses arising in connection with the exercise of or failure to exercise any of its rights, powers and
discretions hereunder. 
 The Subordinated Lenders alone shall be responsible for their contracts, engagements, acts,
omissions, defaults and losses and for liabilities incurred by them.EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

Published CUSIP Number: 76658HAA5 

Revolving Credit Facility: 76658HAC1 

Term Facility: 76658HAB3 
 SECOND
AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of October 3, 2013 

among 
 RIGNET, INC., 

as Borrower, 
 THE SUBSIDIARIES OF
THE BORROWER PARTY HERETO, 
 as Guarantors, 

BANK OF AMERICA, N.A., 
 as
Administrative Agent, Swingline Lender and 
 L/C Issuer, 

COMPASS BANK, 
 as Syndication
Agent, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Documentation Agent, 
 and 

THE LENDERS PARTY HERETO 
 MERRILL
LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
 as Sole Lead Arranger and Sole Book Manager 

 
  

 

 TABLE OF CONTENTS 
  

							
	 	    	 	    	Page	 
	 Article I DEFINITIONS AND ACCOUNTING TERMS
	    	 	1	  
			
	 1.01
	    	Defined Terms	    	 	1	  
			
	 1.02
	    	Other Interpretive Provisions	    	 	28	  
			
	 1.03
	    	Accounting Terms	    	 	28	  
			
	 1.04
	    	Rounding	    	 	29	  
			
	 1.05
	    	Times of Day	    	 	29	  
			
	 1.06
	    	Rates	    	 	29	  
			
	 1.07
	    	Letter of Credit Amounts	    	 	29	  
			
	 1.08
	    	UCC Terms	    	 	29	  
			
	 1.09
	    	Timing of Payment or Performance	    	 	29	  
		
	 Article II COMMITMENTS AND CREDIT EXTENSIONS
	    	 	30	  
			
	 2.01
	    	Loans	    	 	30	  
			
	 2.02
	    	Borrowings, Conversions and Continuations of Loans	    	 	30	  
			
	 2.03
	    	Letters of Credit	    	 	31	  
			
	 2.04
	    	Swingline Loans	    	 	39	  
			
	 2.05
	    	Prepayments	    	 	41	  
			
	 2.06
	    	Termination or Reduction of Commitments	    	 	43	  
			
	 2.07
	    	Repayment of Loans	    	 	43	  
			
	 2.08
	    	Interest and Default Rate	    	 	44	  
			
	 2.09
	    	Fees	    	 	44	  
			
	 2.10
	    	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate	    	 	45	  
			
	 2.11
	    	Evidence of Debt	    	 	45	  
			
	 2.12
	    	Payments Generally; Administrative Agent’s Clawback	    	 	46	  
			
	 2.13
	    	Sharing of Payments by Lenders	    	 	48	  
			
	 2.14
	    	Cash Collateral	    	 	49	  
			
	 2.15
	    	Defaulting Lenders	    	 	50	  

  
 ii 

							
		
	 Article III TAXES, YIELD PROTECTION AND ILLEGALITY
	    	 	52	  
			
	 3.01
	    	Taxes	    	 	52	  
			
	 3.02
	    	Illegality	    	 	56	  
			
	 3.03
	    	Inability to Determine Rates	    	 	56	  
			
	 3.04
	    	Increased Costs; Reserves on Eurodollar Rate Loans	    	 	57	  
			
	 3.05
	    	Compensation for Losses	    	 	58	  
			
	 3.06
	    	Mitigation Obligations; Replacement of Lenders	    	 	59	  
			
	 3.07
	    	Survival	    	 	59	  
		
	 Article IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	    	 	59	  
			
	 4.01
	    	Conditions of Initial Credit Extension	    	 	59	  
			
	 4.02
	    	Conditions to all Credit Extensions	    	 	61	  
		
	 Article V REPRESENTATIONS AND WARRANTIES
	    	 	62	  
			
	 5.01
	    	Existence, Qualification and Power	    	 	62	  
			
	 5.02
	    	Authorization; No Contravention	    	 	62	  
			
	 5.03
	    	Governmental Authorization; Other Consents	    	 	62	  
			
	 5.04
	    	Binding Effect	    	 	62	  
			
	 5.05
	    	Financial Statements; No Material Adverse Effect	    	 	63	  
			
	 5.06
	    	Litigation	    	 	63	  
			
	 5.07
	    	No Default	    	 	63	  
			
	 5.08
	    	Ownership of Property; Liens	    	 	63	  
			
	 5.09
	    	Environmental Compliance	    	 	63	  
			
	 5.10
	    	Insurance	    	 	64	  
			
	 5.11
	    	Taxes	    	 	64	  
			
	 5.12
	    	ERISA Compliance	    	 	64	  
			
	 5.13
	    	Margin Regulations; Investment Company Act	    	 	65	  
			
	 5.14
	    	Disclosure	    	 	65	  
			
	 5.15
	    	Compliance with Laws	    	 	66	  
			
	 5.16
	    	Solvency	    	 	66	  
			
	 5.17
	    	Casualty, Etc.	    	 	66	  
			
	 5.18
	    	OFAC	    	 	66	  
			
	 5.19
	    	[Intentionally Omitted]	    	 	66	  
			
	 5.20
	    	Subsidiaries; Equity Interests; Loan Parties	    	 	66	  
			
	 5.21
	    	Intellectual Property; Licenses, Etc.	    	 	67	  

  
 iii 

							
		
	 Article VI AFFIRMATIVE COVENANTS
	    	 	67	  
			
	 6.01
	    	Financial Statements	    	 	67	  
			
	 6.02
	    	Certificates; Other Information	    	 	68	  
			
	 6.03
	    	Notices	    	 	69	  
			
	 6.04
	    	Payment of Obligations	    	 	70	  
			
	 6.05
	    	Preservation of Existence, Etc.	    	 	70	  
			
	 6.06
	    	Maintenance of Properties	    	 	70	  
			
	 6.07
	    	Maintenance of Insurance	    	 	70	  
			
	 6.08
	    	Compliance with Laws	    	 	71	  
			
	 6.09
	    	Books and Records	    	 	71	  
			
	 6.10
	    	Inspection Rights	    	 	71	  
			
	 6.11
	    	Use of Proceeds	    	 	71	  
			
	 6.12
	    	Additional Guarantors; Pledge of Equity of Foreign Subsidiaries	    	 	72	  
			
	 6.13
	    	Covenant to Give Security	    	 	72	  
			
	 6.14
	    	Principal Depository	    	 	73	  
			
	 6.15
	    	Further Assurances	    	 	73	  
			
	 6.16
	    	Keepwell Requirements	    	 	73	  
		
	 Article VII NEGATIVE COVENANTS
	    	 	73	  
			
	 7.01
	    	Liens	    	 	74	  
			
	 7.02
	    	Indebtedness	    	 	75	  
			
	 7.03
	    	Investments	    	 	76	  
			
	 7.04
	    	Fundamental Changes	    	 	77	  
			
	 7.05
	    	Dispositions	    	 	77	  
			
	 7.06
	    	Restricted Payments	    	 	78	  
			
	 7.07
	    	Change in Nature of Business	    	 	79	  
			
	 7.08
	    	Transactions with Affiliates	    	 	79	  
			
	 7.09
	    	Burdensome Agreements	    	 	79	  
			
	 7.10
	    	Use of Proceeds	    	 	79	  
			
	 7.11
	    	Financial Covenants	    	 	79	  
			
	 7.12
	    	Fiscal Year and Accounting Changes	    	 	80	  
			
	 7.13
	    	Sale and Leaseback Transactions	    	 	80	  
			
	 7.14
	    	Sanctions	    	 	80	  

  
 iv 

							
		
	 Article VIII EVENTS OF DEFAULT AND REMEDIES
	    	 	80	  
			
	 8.01
	    	Events of Default	    	 	80	  
			
	 8.02
	    	Remedies Upon Event of Default	    	 	82	  
			
	 8.03
	    	Application of Funds	    	 	83	  
		
	 Article IX ADMINISTRATIVE AGENT
	    	 	84	  
			
	 9.01
	    	Appointment and Authority	    	 	84	  
			
	 9.02
	    	Rights as a Lender	    	 	84	  
			
	 9.03
	    	Exculpatory Provisions	    	 	84	  
			
	 9.04
	    	Reliance by Administrative Agent	    	 	85	  
			
	 9.05
	    	Delegation of Duties	    	 	86	  
			
	 9.06
	    	Resignation of Administrative Agent	    	 	86	  
			
	 9.07
	    	Non-Reliance on Administrative Agent and Other Lenders	    	 	87	  
			
	 9.08
	    	No Other Duties, Etc.	    	 	87	  
			
	 9.09
	    	Administrative Agent May File Proofs of Claim; Credit Bidding	    	 	87	  
			
	 9.10
	    	Collateral and Guaranty Matters	    	 	88	  
			
	 9.11
	    	Secured Cash Management Agreements and Secured Hedge Agreements	    	 	89	  
		
	 Article X CONTINUING GUARANTY
	    	 	89	  
			
	 10.01
	    	Guaranty	    	 	89	  
			
	 10.02
	    	Rights of Lenders	    	 	90	  
			
	 10.03
	    	Certain Waivers	    	 	90	  
			
	 10.04
	    	Obligations Independent	    	 	90	  
			
	 10.05
	    	Subrogation	    	 	91	  
			
	 10.06
	    	Termination; Reinstatement	    	 	91	  
			
	 10.07
	    	Stay of Acceleration	    	 	91	  
			
	 10.08
	    	Condition of Borrower	    	 	91	  
			
	 10.09
	    	Appointment of Borrower	    	 	91	  
			
	 10.10
	    	Right of Contribution	    	 	91	  
		
	 Article XI MISCELLANEOUS
	    	 	92	  
			
	 11.01
	    	Amendments, Etc.	    	 	92	  
			
	 11.02
	    	Notices; Effectiveness; Electronic Communications	    	 	94	  

  
 v 

							
			
	 11.03
	    	No Waiver; Cumulative Remedies; Enforcement	    	 	95	  
			
	 11.04
	    	Expenses; Indemnity; Damage Waiver	    	 	96	  
			
	 11.05
	    	Payments Set Aside	    	 	98	  
			
	 11.06
	    	Successors and Assigns	    	 	98	  
			
	 11.07
	    	Treatment of Certain Information; Confidentiality	    	 	102	  
			
	 11.08
	    	Right of Setoff	    	 	103	  
			
	 11.09
	    	Interest Rate Limitation	    	 	103	  
			
	 11.10
	    	Counterparts; Integration; Effectiveness	    	 	104	  
			
	 11.11
	    	Survival of Representations and Warranties	    	 	104	  
			
	 11.12
	    	Severability	    	 	104	  
			
	 11.13
	    	Replacement of Lenders	    	 	104	  
			
	 11.14
	    	Governing Law; Jurisdiction; Etc.	    	 	105	  
			
	 11.15
	    	Waiver of Jury Trial	    	 	106	  
			
	 11.16
	    	Subordination	    	 	106	  
			
	 11.17
	    	No Advisory or Fiduciary Responsibility	    	 	107	  
			
	 11.18
	    	Electronic Execution of Assignments and Certain Other Documents	    	 	107	  
			
	 11.19
	    	USA PATRIOT Act Notice	    	 	107	  
			
	 11.20
	    	Time of the Essence	    	 	108	  
			
	 11.21
	    	Amendment and Restatement of Existing Credit Agreement	    	 	108	  
			
	 11.22
	    	ENTIRE AGREEMENT	    	 	108	  

  
 vi 

 BORROWER PREPARED SCHEDULES 
  

			
	Schedule 5.20(a)	  	Subsidiaries, Joint Ventures, Partnerships and Other Equity Investments
	Schedule 5.20(b)	  	Loan Parties
	Schedule 5.21(g)(ii)	  	Leased Property
	Schedule 6.14	  	Excluded Accounts
	Schedule 7.01	  	Existing Liens
	Schedule 7.02	  	Existing Indebtedness
	Schedule 7.03	  	Existing Investments
	Schedule 7.08	  	Affiliate Transactions

 ADMINISTRATIVE AGENT PREPARED SCHEDULES 
  

			
	Schedule 1.01(a)	  	Certain Addresses for Notices
	Schedule 1.01(b)	  	Initial Commitments and Applicable Percentages
		
	EXHIBITS	  	
		
	Exhibit A	  	Form of Revolving Note
	Exhibit B	  	Form of Term Note
	Exhibit C	  	Form of Compliance Certificate
	Exhibit D	  	Form of Loan Notice
	Exhibit E	  	Form of Swingline Loan Notice
	Exhibit F	  	Form of Assignment and Assumption
	Exhibit G	  	Form of Administrative Questionnaire
	Exhibit H-1	  	Form of U.S. Tax Compliance Certificate
	Exhibit H-2	  	Form of U.S. Tax Compliance Certificate
	Exhibit H-3	  	Form of U.S. Tax Compliance Certificate
	Exhibit H-4	  	Form of U.S. Tax Compliance Certificate

  
 vii 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

This SECOND AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of October 3, 2013, among RIGNET, INC., a Delaware
corporation (the “Borrower”), the Guarantors (defined herein), the Lenders (defined herein), and BANK OF AMERICA, N.A., as Administrative Agent, Swingline Lender and L/C Issuer. 

PRELIMINARY STATEMENTS: 

A. Borrower has requested that the Lenders, the Swingline Lender and the L/C Issuer make loans and other financial accommodations to Borrower.

 B. The Lenders, the Swingline Lender and the L/C Issuer have agreed to make such loans and other financial accommodations to Borrower on
the terms and subject to the conditions set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements herein
contained, the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Acquisition” means any transaction, or any series of related transactions, consummated on or after the
date of this Agreement, by which Borrower or any of its Subsidiaries (a) acquires any going business, line of business, division or enterprise or all or substantially all of the assets of any other Person, whether through the purchase of
assets, merger or otherwise, or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) Equity Interests in another Person sufficient to cause such Person to become a Subsidiary of
Borrower or any of its Subsidiaries. 
 “Administrative Agent” or
“Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. 

“Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of
Exhibit G or any other form approved by Agent. 
 “Affiliate” means, with
respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreement” means this Second Amended and Restated Credit Agreement and all exhibits and schedules hereto. 

“Applicable Percentage” means (a) in respect of the Term Facility, with respect to any Term Lender
at any time, the percentage (carried out to the ninth decimal place) of the Term Facility represented by (i) on or prior to the Closing Date, such Term Lender’s Term Commitment at such time and (ii) thereafter, the outstanding
principal amount of such Term Lender’s Term Loans at such time, and  

 
(b) in respect of the Revolving Facility, with respect to any Revolving Lender at any time, the percentage (carried out to the ninth decimal place) of the Revolving Facility represented
by such Revolving Lender’s Revolving Commitment at such time, subject to adjustment as provided in Section 2.15. If the Commitment of all of the Revolving Lenders to make Revolving Loans and the obligation of the L/C Issuer
to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or if the Revolving Commitments have expired, then the Applicable Percentage of each Revolving Lender in respect of the Revolving Facility shall be
determined based on the Applicable Percentage of such Revolving Lender in respect of the Revolving Facility most recently in effect, giving effect to any subsequent assignments. The Applicable Percentage of each Lender in respect of each Facility is
set forth opposite the name of such Lender on Schedule 1.01(b) or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

“Applicable Rate” means, for any day, the rate per annum set forth below opposite the applicable Level
then in effect (based on the Consolidated Leverage Ratio): 
  

							
	 Level
	  	 Consolidated Leverage Ratio
	  	Eurodollar Rate &
LIBOR Daily Floating Rate	 	Commitment Fee
	1	  	Less than 1.00 to 1.00	  	1.50%	 	0.25%
	2	  	 Greater than or equal to 1.00 to 1.00,

but less than 1.25 to 1.00
	  	1.75%	 	0.25%
	3	  	 Greater than or equal to 1.25 to 1.00,

but less than 2.25 to 1.00
	  	2.00%	 	0.30%
	4	  	Greater than or equal to 2.25 to 1.00	  	2.50%	 	0.35%

 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become
effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided that, if a Compliance Certificate is not delivered when due in
accordance with such Section, then, upon the request of the Required Lenders, Pricing Level 4 shall apply, in each case as of the fifth Business Day after the date on which such Compliance Certificate was required to have been delivered and in each
case shall remain in effect until the first Business Day following the date on which such Compliance Certificate is delivered. Notwithstanding anything to the contrary contained in this definition, (a) the determination of the Applicable Rate
for any period shall be subject to the provisions of Section 2.10(b) and (b) the Applicable Rate as of the Closing Date shall be set forth in Level 2 until the first Business Day immediately following the date a
Compliance Certificate is delivered to Agent pursuant to Section 6.02(a) for the fiscal quarter ending September 30, 2013. Any adjustment in the Applicable Rate shall be applicable to all Credit Extensions then
existing or subsequently made or issued. 
 “Applicable Revolving Percentage” means, with
respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time. 

“Appropriate Lender” means, at any time, (a) with respect to any Facility, a Lender that has a
Commitment with respect to such Facility or holds a Loan under such Facility at such time, (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer and (ii) if any Letters of Credit have been issued pursuant to
Section 2.03, the Revolving Lenders and (c) with respect to the Swingline Sublimit, (i) the Swingline Lender and (ii) if any Swingline Loans are outstanding pursuant to Section 2.04(a), the
Revolving Lenders. 

  
 2 

 “Approved Fund” means any Fund that is administered or
managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arranger” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as sole
lead arranger and sole book manager.  
 “Assignment and Assumption” means an assignment
and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 11.06(b)), and accepted by Agent, in substantially the form of Exhibit F or any
other form (including electronic documentation generated by MarkitClear or other electronic platform) approved by Agent. 

“Attributable Indebtedness” means, on any date, (a) in respect of any Capitalized Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP or IFRS, as applicable, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of
the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP or IFRS, as applicable, if such lease were accounted for as a Capitalized Lease.

 “Audited Financial Statements” means the audited Consolidated balance sheet of Borrower and
its Subsidiaries for the fiscal year ended December 31, 2012, and the related Consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of Borrower and its Subsidiaries, including the notes
thereto. 
 “Auto-Extension Letter of Credit” has the meaning specified in Section
2.03(b)(iv). 
 “Availability Period” means, in respect of the Revolving
Facility, the period from and including the Closing Date to the earliest of (a) the Maturity Date for the Revolving Facility, (b) the date of termination of the Revolving Commitments pursuant to Section 2.06, and
(c) the date of termination of the Commitment of each Revolving Lender to make Revolving Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02. 

“Bank of America” means Bank of America, N.A. and its successors. 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal
Funds Rate plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurodollar Rate for an Interest Period of one month plus 1.00%.
The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans,
which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Base Rate Loan” means a Revolving Loan or a Term Loan that bears interest based on the Base Rate. No
Loan shall be a Base Rate Loan unless required or permitted by Section 3.02 or Section 3.03. 

“BBA LIBOR” means the British Bankers Association LIBOR Rate. 

“BofA Bonding Facility” means a credit facility pursuant to which Bank of America or any of its
Affiliates may from time to time issue bank guaranties for the account of Nessco Group or any of its Subsidiaries. 

  
 3 

 “Borrower” has the meaning specified in the introductory
paragraph hereto. 
 “Borrower Account” has the meaning specified in Section
2.12(a)(ii). 
 “Borrower Materials” has the meaning specified in Section
6.02. 
 “Borrowing” means a Revolving Borrowing, a Swingline Borrowing or a
Term Borrowing, as the context may require. 
 “Business Day” means any day other than a
Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan, means any such day that
is also a London Banking Day. 
 “Capital Expenditures” means, with respect to any
Person for any period, any expenditure in respect of the purchase or other acquisition of any fixed or capital asset. 

“Capitalized Leases” means all leases that have been or should be, in accordance with GAAP, recorded as
capitalized leases. 
 “Cash Collateralize” means, to pledge and deposit with or deliver
to Agent, for the benefit of one or more of the L/C Issuers or the Lenders, as collateral for L/C Obligations, the Obligations, or obligations of the Revolving Lenders to fund participations in respect of L/C Obligations, (a) cash or deposit
account balances, (b) backstop letters of credit entered into on terms, from issuers and in amounts satisfactory to Agent and the applicable L/C Issuer, and/or (c) if Agent and the applicable L/C Issuer shall agree, in their sole
discretion, other credit support, in each case, in Dollars and pursuant to documentation in form and substance satisfactory to Agent and such L/C Issuer. “Cash Collateral” shall have a meaning correlative to the foregoing and
shall include the proceeds of such Cash Collateral and other credit support. 
 “Cash
Equivalents” means any of the following types of Investments, to the extent owned by Borrower or any of its Subsidiaries free and clear of all Liens (other than Permitted Liens): 

(a) readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or
instrumentality thereof having maturities of not more than three hundred sixty days (360) days from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support
thereof; 
 (b) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial
bank that (i) (A) is a Lender or (B) is organized under the laws of the United States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws
of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) of
this definition and (iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than ninety (90) days from the date of acquisition thereof; 

(c) commercial paper issued by any Person organized under the laws of any state of the United States of America and rated at least
“Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with maturities of not more than one hundred eighty (180) days from the date of acquisition
thereof; 

  
 4 

 (d) Investments, classified in accordance with GAAP as current assets of Borrower
or any of its Subsidiaries, in money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and
the portfolios of which are limited solely to Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition; and 

(e) other short-term investments in a currency other than Dollars (provided that such
alternate currency is readily available, freely traded, and is one in which deposits are customarily offered to banks in the London interbank market), utilized by Foreign Subsidiaries in accordance with normal investment practices for cash
management in investments of a type analogous to preceding clauses (a) through (d). 

“Cash Management Agreement” means any agreement that is not prohibited by the terms hereof to provide
treasury or cash management services, including deposit accounts, overnight draft, credit cards, debit cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse, zero balance accounts, returned check
concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services. 

“Cash Management Bank” means any Person in its capacity as a party to a Cash Management Agreement
that, at the time it enters into a Cash Management Agreement with a Loan Party or any Subsidiary, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement (even if such Person ceases to be a Lender or
such Person’s Affiliate ceased to be a Lender); provided however, that for any of the foregoing to be included as a “Secured Cash Management Agreement” on any date of determination by Agent, the applicable Cash
Management Bank (other than Agent or an Affiliate of Agent) must have delivered a Secured Party Designation Notice to Agent prior to such date of determination. 

“CFC” means a Person that is a controlled foreign corporation under Section 957 of
the Code. 
 “Change in Law” means the occurrence, after the Closing Date, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental
Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the
contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated
by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to
be a “Change in Law”, regardless of the date enacted, adopted, implemented or issued. 

“Change of Control” means, with respect to Borrower, an event or series of events by which any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any
person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), other than any Permitted Investor, becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the
Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or
only after the passage of time (such right, an “option right”)), directly or indirectly, of 30% or more of the equity securities of such Person entitled to vote for members of the board of directors or equivalent governing body of
such Person on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right). 

  
 5 

 “Closing Date” means the date hereof. 

“Clydesdale Bonding Facility Agreement” means that certain facility letter dated August 17, 2011,
between Clydesdale Bank PLC, Nessco Group Holdings Limited and Nesscoinvsat Limited, together with all exhibits, schedules, and annexes thereto, in each case as amended, restated, or supplemented from time to time. 

“Code” means the Internal Revenue Code of 1986. 

“Collateral” means all of the “Collateral” and the “Pledged
Collateral” referred to in the Collateral Documents, and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of Agent for the benefit of the Secured Parties.

 “Collateral Documents” means, collectively, each Security Agreement, each Pledge Agreement,
each Joinder Agreement, each of the mortgages, collateral assignments, security agreements, pledge agreements or other similar agreements delivered to Agent pursuant to Section 6.15, and each of the other agreements, instruments
or documents that creates or purports to create a Lien in favor of Agent for the benefit of the Secured Parties. 

“Commitment” means a Term Commitment or a Revolving Commitment, as the context may require. 

 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as
amended from time to time, and any successor statute, and any rule, regulation or order of the U.S. Commodity Futures Trading Commission (or the application or official interpretation of any thereof). 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C.

 “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by
net income or profits (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated” shall mean, when used with reference to financial statements or financial statement items
of Borrower and its Subsidiaries or any other Person, such statements or items on a consolidated basis in accordance with the consolidation principles of GAAP or IFRS, as applicable. 

“Consolidated EBITDA” means, for any period, the sum of the following determined on a Consolidated
basis, without duplication, for Borrower and its Subsidiaries in accordance with GAAP or IFRS, as applicable, (a) Consolidated Net Income for the most recently completed Measurement Period; plus (b) the
following to the extent deducted in calculating such Consolidated Net Income (without duplication): (i) Consolidated Interest Charges, (ii) the provision for federal, state, local and foreign income Taxes payable, (iii) depreciation
and amortization expense, and (iv) non-cash charges and losses (excluding any such non-cash charges or losses to the extent (A) there were cash charges with respect to such charges and losses in past accounting periods or (B) there is
a reasonable expectation that there will be cash charges with respect to such charges and losses in future accounting periods), and (v) all other non-cash finance expenses (including but not limited to (A) changes in valuations of
preferred stock, and (B) non-share based compensation expenses); plus (c) transaction costs and expenses incurred by Borrower and its Subsidiaries in connection with this Agreement;
plus (d) reasonable, non-recurring transaction costs and expenses incurred by Borrower and its Subsidiaries in connection with any  

  
 6 

 
Acquisition or other Investment permitted under this Agreement (whether or not consummated), plus (e) any adjustments resulting from purchase
accounting in accordance with GAAP for any Acquisition or other Investment permitted under this Agreement, plus (f) the amount of any business optimization expense and restructuring charge or reserve deducted
(and not added back) in such period in computing Consolidated Net Income, including any restructuring costs incurred in connection with Acquisitions after the Closing Date, costs related to the closure and/or consolidation of facilities, retention
charges, systems establishment costs, conversion costs and excess pension charges and consulting fees incurred in connection with the foregoing, provided such costs (x) are actual and identifiable, and
(y) do not exceed ten percent (10%) of Target EBITDA, less (g) without duplication and to the extent reflected as a gain or otherwise included in the calculation of Consolidated Net Income for such
period, non-cash gains (excluding any such non-cash gains to the extent (i) there were cash gains with respect to such gains in past accounting periods or (ii) there is a reasonable expectation that there will be cash gains with respect to
such gains in future accounting periods). “Consolidated EBITDA” for any Measurement Period shall be calculated to give pro forma effect to any acquisition or disposition of assets consummated at any time after the first day
of such Measurement Period as if each such acquisition or disposition had occurred on the first day of such Measurement Period, provided that any such pro forma adjustment shall be (x) made on a basis
consistent with GAAP or IFRS, as applicable, and Regulation S-X promulgated under the Securities Act of 1933, and (y) supported by detailed calculations.  

“Consolidated Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of
(a) (without duplication) (i) Consolidated EBITDA, less (ii) cash Taxes, less (iii) Restricted Payments paid in cash by Borrower to the owners of its Equity
Interests, less (iv) through the second anniversary of the Closing Date, Unfinanced Capital Expenditures in excess of $20,000,000, and thereafter, all Unfinanced Capital Expenditures,
plus (v) any voluntary prepayment of the Obligations, in each case for the applicable Measurement Period, to (b) the sum of (i) current maturities of long term Indebtedness (including, but not
limited to, any Subordinated Debt and Capitalized Leases), but in each case excluding the scheduled principal payment due and payable by Borrower on the Maturity Date under any Loan made pursuant to this Agreement,
plus (ii) Consolidated Interest Charges for the applicable Measurement Period, plus (iii) plus principal payments made in respect of Subordinated Debt for the applicable
Measurement Period. 
 “Consolidated Funded Indebtedness” means, as of any date of
determination, for Borrower and its Subsidiaries on a Consolidated basis, the sum (without duplication) of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations
hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all purchase money Indebtedness; (c) the maximum amount available to be drawn under issued and outstanding letters of
credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts
payable in the ordinary course of business); (e) all Attributable Indebtedness; (f) all obligations to purchase, redeem, retire, defease or otherwise make any payment prior to the Maturity Date in respect of any Equity Interests or any
warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (g) without duplication,
all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (f) above of Persons other than Borrower or any Subsidiary; and (h) all Indebtedness of the types
referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which Borrower or a Subsidiary is a
general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to Borrower or such Subsidiary. 

  
 7 

 “Consolidated Interest Charges” means, for any Measurement
Period, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each
case to the extent treated as interest in accordance with GAAP or IFRS, as applicable, plus (b) all interest paid or payable with respect to discontinued operations, plus (c) the portion of rent expense under Capitalized Leases that is
treated as interest in accordance with GAAP or IFRS, as applicable, in each case, of or by Borrower and its Subsidiaries on a Consolidated basis for the most recently completed Measurement Period. 

“Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated
Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period. 

“Consolidated Net Income” means, at any date of determination, the net income (or loss) of Borrower and
its Subsidiaries on a Consolidated basis for the most recently completed Measurement Period; provided that Consolidated Net Income shall exclude (a) extraordinary gains and extraordinary losses for such
Measurement Period, (b) the net income of any Subsidiary during such Measurement Period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such income is not permitted by operation of the
terms of its Organization Documents or any agreement, instrument or Law applicable to such Subsidiary during such Measurement Period, except that Borrower’s equity in any net loss of any such Subsidiary for such Measurement Period shall be
included in determining Consolidated Net Income, and (c) any income (or loss) for such Measurement Period of any Person if such Person is not a Subsidiary, except that Borrower’s equity in the net income of any such Person for such
Measurement Period shall be included in Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during such Measurement Period to Borrower or a Subsidiary as a dividend or other distribution (and in the case of
a dividend or other distribution to a Subsidiary, such Subsidiary is not precluded from further distributing such amount to Borrower as described in clause (b) of this proviso). 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or
of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.

 “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C
Credit Extension. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United
States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect. 
 “Default” means any event or condition
that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

“Default Rate” means (a) with respect to any Obligation for which a rate is specified, a rate per
annum equal to two percent (2%) in excess of the rate otherwise applicable thereto and (b) with respect to any Obligation for which a rate is not specified or available, a rate per annum equal to the LIBOR Daily Floating Rate plus the
Applicable Rate for Revolving Loans that are LIBOR Daily Floating Rate Loans plus two percent (2%), in each case, to the fullest extent permitted by applicable Law. 

  
 8 

 “Defaulting Lender” means, subject to
Section 2.15(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies Agent
and Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified
in such writing) has not been satisfied, or (ii) pay to Agent, the L/C Issuer, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or
Swingline Loans) within two (2) Business Days of the date when due, (b) has notified Borrower, Agent, the L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a
public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to
funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by
Agent or Borrower, to confirm in writing to Agent and Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to
this clause upon receipt of such written confirmation by Agent and Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed
for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or
any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that
Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by Agent that a
Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed
to be a Defaulting Lender (subject to Section 2.15(b)) as of the date established therefor by Agent in a written notice of such determination, which shall be delivered by Agent to Borrower, the L/C Issuer, the Swingline Lender and
each other Lender promptly following such determination. 
 “Designated Jurisdiction”
means any country or territory to the extent that such country or territory is the subject of any Sanction. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any Sale and Leaseback Transaction) of any property by any Loan Party or Subsidiary, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and
claims associated therewith. For the avoidance of doubt, a Disposition shall not include any Involuntary Disposition or the issuance by any Person of its Equity Interests. 

“Dollar” and “$” mean lawful money of the United States. 

“Dollar Equivalent” means, at any time, with respect to any amount denominated in a currency other than
Dollars, the equivalent amount thereof in Dollars as determined by Agent using the buy and sell spot rates of exchange quoted by Agent’s foreign exchange trading office. 

  
 9 

 “Domestic Subsidiary” means any Subsidiary that is
organized under the laws of the United States, any State thereof, or the District of Columbia. 

“Eligible Assignee” means any Person that meets the requirements to be an assignee under
Section 11.06 (subject to such consents, if any, as may be required under Section 11.06(b)(iii)). 

“Environmental Laws” means any and all applicable federal, state, local, and foreign statutes, laws,
regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into
the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for
damages, costs of environmental remediation, fines, penalties or indemnities), of Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other
ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities
convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all
of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any
date of determination. 
 “ERISA” means the Employee Retirement Income Security Act of
1974. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated)
under common control with Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of
provisions relating to Section 412 of the Code). 
 “ERISA
Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of any Loan Party or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA
during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by an Loan Party or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization, insolvent or
endangered status; (d) the filing of a notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the
institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430,
431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (h) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate. 

  
 10 

 “Eurodollar Base Rate” means, for such Interest Period, the
rate per annum equal to BBA LIBOR, as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by Agent from time to time) at approximately 11:00 a.m., London time, two (2) London Banking Days
prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period. If such rate is not available at such time for any reason, then the
“Eurodollar Base Rate” for such Interest Period shall be the rate per annum determined by Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount
of the Eurodollar Rate Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at
their request at approximately 11:00 a.m. (London time) two (2) London Banking Days prior to the commencement of such Interest Period. 

“Eurodollar Rate” means: 

(a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered Rate
(“LIBOR”) or a comparable or successor rate, which rate is approved by Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be
designated by Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a
term equivalent to such Interest Period; and 
 (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per
annum equal to LIBOR, at or about 11:00 a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day; 

provided that to the extent a comparable or successor rate is approved by Administrative Agent in connection herewith, the approved rate shall be
applied in a manner consistent with market practice; provided further that to the extent such market practice is not administratively feasible for Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably
determined by Administrative Agent. 
 “Eurodollar Rate Loan” means a Loan that bears interest at a
rate based on the Eurodollar Rate, but excluding any Loan that bears interest based on the LIBOR Daily Floating Rate. 

“Event of Default” has the meaning specified in Section 8.01. 

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to
the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act by
virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time the Guarantee of such Guarantor or the grant of such security interest
becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which
such Guarantee or security interest is or becomes illegal. 

  
 11 

 “Excluded Taxes” means any of the following Taxes imposed
on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income or profits (however denominated), franchise Taxes, and branch profits Taxes, in each case,
(i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof)
or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to
a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by Borrower under Section 11.13) or (ii) such Lender changes its Lending
Office, except in each case to the extent that, pursuant to in Section 3.01, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such
Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.

 “Existing Credit Agreement” means that certain First Amended and Restated Credit Agreement
dated as of July 2, 2012, among Borrower, the lenders party thereto, and Bank of America, as Administrative Agent for itself and the other lenders party thereto, as amended by that certain First Amendment to First Amended and Restated Credit
Agreement dated as of December 13, 2012, that certain Second Amendment to First Amended and Restated Credit Agreement dated as of March 28, 2013, and that certain Third Amendment to First Amended and Restated Credit Agreement and Waiver
dated as of March 6, 2013, and as further amended or supplemented prior to the date hereof. 

“Facility” means the Term Facility or the Revolving Facility, as the context may require.

 “Facility Termination Date” means the date as of which all of the following shall have
occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of
Credit as to which other arrangements with respect thereto satisfactory to Agent and the L/C Issuer shall have been made). 

“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards
Board. 
 “FATCA” means Sections 1471 through 1474 of the
Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement
entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or practices adopted
pursuant to such intergovernmental agreement. 
 “Federal Funds Rate” means, for any
day, the rate per annum 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 that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day
as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple
of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by Agent. 

“Fee Letter” means that certain letter agreement, dated August 22, 2013, among Borrower, the Agent
and the Arranger, as amended, restated or supplemented from time to time. 

  
 12 

 “Foreign Benefit Arrangement” means any employee benefit
arrangement mandated by or maintained under any non-U.S. law or jurisdiction that is maintained or contributed by any Loan Party or ERISA Affiliate. 

“Foreign Lender” means (a) if Borrower is a U.S. Person, a Lender that is not a U.S. Person, and
(b) if Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof
and the District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Foreign
Subsidiary” means any Subsidiary that is not a Domestic Subsidiary, provided that, for purposes of this Agreement and the other Loan Documents, each of ComPetro Communications LLC, a Delaware limited
liability company, and ComPetro Communications Holdings LLC, a Delaware limited liability company, shall be deemed to be a Foreign Subsidiary. 

“FRB” means the Board of Governors of the Federal Reserve System of the United States.

 “Fronting Exposure” means, at any time there is a Defaulting Lender that is a Revolving
Lender, (a) with respect to the L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been
reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans
as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders in accordance with the terms hereof. 

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“Funding Indemnity Letter” means a funding indemnity letter, in form and substance acceptable to Agent
and its counsel. 
 “GAAP” means generally accepted accounting principles in the United
States of America applied on a consistent basis and subject to the terms of Section 1.03. 

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

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such
Person guaranteeing or having the economic effect of guaranteeing any Indebtedness of the kind described in clauses (a) through (g) of the definition thereof or other obligation
payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds
for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or
performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other  

  
 13 

 
obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person
securing any Indebtedness of the kind described in clauses (a) through (g) of the definition thereof or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed or
expressly undertaken by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the
related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The
term “Guarantee” as a verb has a corresponding meaning. 

“Guarantors” means the Subsidiaries of Borrower as are or may from time to time become parties to this
Agreement pursuant to Section 6.12. 
 “Guaranty” means, collectively, the
Guaranty made by the Guarantors under Article X in favor of the Secured Parties, together with each other guaranty delivered pursuant to Section 6.12. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature
regulated pursuant to any Environmental Law. 
 “Hedge Bank” means any Person in
its capacity as a party to a Swap Contract that, at the time it enters into a Swap Contract not prohibited under Article VI or VII, is a Lender or an Affiliate of a Lender, in its capacity as a
party to such Swap Contract (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender); provided that, in the case of a Secured Hedge Agreement with a Person who is no longer a Lender (or Affiliate of a
Lender), such Person shall be considered a Hedge Bank only through the stated termination date (without extension or renewal) of such Secured Hedge Agreement and provided further, that for any of the foregoing to be included as a
“Secured Hedge Agreement” on any date of determination by Agent, the applicable Hedge Bank (other than Agent or an Affiliate of Agent) must have delivered a Secured Party Designation Notice to Agent prior to such date of
determination. 
 “Honor Date” has the meaning set forth in Section
2.03(c)(i). 
 “IFRS” means the International Financial Reporting Standards
adopted by the International Accounting Standards Board that are applicable to the circumstances as of the date of determination. 

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the following,
whether or not included as indebtedness or liabilities in accordance with GAAP or IFRS, as applicable: 
 (a) all obligations
of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b) the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) net obligations of such Person under
any Swap Contract; 

  
 14 

 (d) all obligations of such Person to pay the deferred purchase price of property or services
(other than trade accounts payable in the ordinary course of business and, in each case, not past due for more than 60 days after the due date therefor or outstanding for more than 90 days after the date on which such trade account payable was
created unless such account is being contested in good faith and appropriate reserves made); 
 (e) indebtedness (excluding prepaid interest
thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or
is limited in recourse; 
 (f) all Attributable Indebtedness in respect of Capitalized Leases and Synthetic Lease Obligations of such Person
and all Synthetic Debt of such Person; 
 (g) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any
payment in respect of any Equity Interest in such Person or any other Person or any warrant, right or option to acquire any such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary
liquidation preference plus accrued and unpaid dividends; and 
 (h) all Guarantees of such Person in respect of any of the foregoing. 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint
venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap
Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. 
 “Indemnified
Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in
clause (a), Other Taxes. 
 “Indemnitees” has the meaning specified in
Section 11.04(b). 
 “Information” has the meaning specified in
Section 11.07.  
 “Inmarsat Acquisition” means the acquisition by Borrower and its
Subsidiaries of the energy broadband business of Inmarsat plc pursuant to, and in accordance with the terms of, the Asset Purchase Agreement, dated as of August 1, 2013, among (a) Borrower, (b) Inmarsat Solutions Global Limited, a
United Kingdom corporation, Stratos Offshore Services Company, a Delaware corporation, Stratos Gesellschaft fur Satellitenkommunikation GmbH, a German company with limited liability, Inmarsat Solutions B.V., a Netherlands company with limited
liability, Inmarsat Solutions (Canada) Inc., a Canadian corporation, and Inmarsat Solutions (US) Inc., a Delaware corporation, and (c) solely for purposes of Section 5.17(b) of such Asset Purchase Agreement, Inmarsat Ventures
Limited, a company organized and existing under the laws of England and Wales. 
 “Interest Payment
Date” means, (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date of the Facility under which such Loan was made; provided
however, that if any Interest Period for a Eurodollar Rate Loan exceeds three (3) months, the respective dates that fall every three (3) months after the beginning of such Interest Period shall also be Interest Payment Dates; (b) as
to any LIBOR Daily Floating Rate Loan, the last day of each month and the Maturity Date of the Facility under which such Loan was made (with Swingline Loans being deemed made under the Revolving Facility for purposes of this definition); and
(c) as to any Base Rate Loan, the last day of each month and the Maturity Date of the Facility under which such Loan was made. 

  
 15 

 “Interest Period” means, as to each Eurodollar Rate Loan,
the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one (1), two (2), or three (3) or, only if available to all of the Lenders, six
(6) months thereafter, as selected by Borrower in its Loan Notice; provided that: 

(a) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day
unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next 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 end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c) no Interest Period shall extend beyond the Maturity Date of the Facility under which such Loan was made. 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person,
whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or
interest in, another Person, (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit or all or a substantial part of the business of, such Person, or
(d) any other Acquisition. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“Involuntary Disposition” means any loss of, damage to or destruction of, or any condemnation or other
taking for public use of, any property of any Loan Party or any Subsidiary. 
 “IRS”
means the United States Internal Revenue Service. 
 “ISP” means, with respect to
any standby Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of
issuance). 
 “Issuer Documents” means with respect to any Letter of Credit, the Letter of
Credit Application, and any other document, agreement and instrument entered into by the L/C Issuer and Borrower (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of Credit. 

“Joinder Agreement” means a joinder agreement in form and substance acceptable to Agent and its counsel
which is executed and delivered in accordance with the provisions of Sections 6.12 and 6.13. 

“Laws” means, collectively, all applicable international, foreign, federal, state and local statutes,
treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation
or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.

  
 16 

 “L/C Advance” means, with respect to each Revolving Lender,
such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Revolving Percentage. 

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which
has not been reimbursed on the date when made or refinanced as a Revolving Borrowing. 
 “L/C Credit
Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof. 

“L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any
successor issuer of Letters of Credit hereunder. 
 “L/C Obligations” means, as at any
date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under
any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any
amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lender” means each of the Persons identified as a “Lender” on the signature
pages hereto, each other Person that becomes a “Lender” in accordance with this Agreement and, their successors and permitted assigns and, unless the context requires otherwise, includes the Swingline Lender.

 “Lending Office” means, as to any Lender, the office or offices of such Lender described as
such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify Borrower and Agent. 

“Letter of Credit” means any letter of credit issued hereunder. A Letter of Credit may be a commercial
letter of credit or a standby letter of credit. 
 “Letter of Credit Application” means
an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer. 

“Letter of Credit Expiration Date” means the day that is seven (7) days prior to the Maturity Date
then in effect for the Revolving Facility (or, if such day is not a Business Day, the next preceding Business Day). 

“Letter of Credit Fee” has the meaning specified in Section 2.03(h). 

“Letter of Credit Sublimit” means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving
Facility. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Facility. 
 “LIBOR” has
the meaning specified in the definition of Eurodollar Rate. 
 “LIBOR Daily Floating Rate” means the rate per annum
equal to (a) BBA LIBOR at approximately 11:00 a.m., London time determined two London Banking Days prior to such date for dollar deposits being delivered in the London interbank market for a term of one month commencing that day or (b) if
such published rate is not available at such time for any reason, the rate per annum determined by Agent to be the rate at which deposits in dollars for delivery on the date of determination in same day funds in the approximate amount of the LIBOR
Daily Floating Rate Loan being made or 

  
 17 

 
maintained and with a term equal to one month would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at the date and
time of determination. Any change in the LIBOR Daily Floating Rate due to a change in BBA LIBOR shall be effective from and including the effective date of such change in BBA LIBOR. 

“LIBOR Daily Floating Rate Loan” means a Loan that bears interest based on the LIBOR Daily Floating
Rate. 
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or otherwise), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or
other title retention agreement, any easement, right of way or other encumbrance on title to real property and any financing lease having substantially the same economic effect as any of the foregoing). 

“Loan” means an extension of credit by a Lender to Borrower under Article II in the form of a Term Loan,
a Revolving Loan or a Swingline Loan. 
 “Loan Documents” means, collectively,
(a) this Agreement, (b) the Notes, (c) the Guaranty, (d) the Collateral Documents, (e) the Fee Letter, (f) each Issuer Document, (g) each Joinder Agreement, and (h) any agreement creating or perfecting rights
in Cash Collateral pursuant to the provisions of Section 2.14, but specifically excluding any Secured Hedge Agreement or any Secured Cash Management Agreement. 

“Loan Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to
the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit D. 

“Loan Parties” means, collectively, Borrower and each Guarantor. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between
banks in the London interbank eurodollar market. 
 “Material Adverse Effect” means
(a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent), or financial condition of Borrower and its Subsidiaries taken as a whole; (b) a material
impairment of the ability of Borrower, or the Loan Parties taken as a whole, to perform their obligations under any Loan Document to which it is a party; (c) a material adverse effect upon the legality, validity, binding effect or
enforceability against Borrower or any of its Subsidiaries of any Loan Document to which it is a party; or (d) a material adverse effect on the interest of the Loan Parties, taken as a whole, in, or the value, perfection or priority of
Agent’s security interest in a material portion of the Collateral. 
 “Material Foreign
Subsidiary” means each of (a) RigNet Luxembourg Holdings, and (b) each other Significant Subsidiary of Borrower that (i) is a CFC and (ii) is not owned or deemed to be owned for U.S. tax purposes by a CFC, directly
or indirectly. 
 “Maturity Date” means (a) with respect to the Revolving Facility,
October 3, 2018, and (b) with respect to the Term Facility, October 3, 2018; provided however, that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding
Business Day. 

  
 18 

 “Measurement Period” means, at any date of determination,
the most recently completed four (4) fiscal quarters of Borrower or, if fewer than four (4) consecutive fiscal quarters of Borrower have been completed since the Closing Date, the fiscal quarters of Borrower that have been completed since
the Closing Date. 
 “Minimum Collateral Amount” means, at any time, (a) with
respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 102% of the Fronting Exposure of the L/C
Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of
Section 2.14(a)(i), (a)(ii), (a)(iii) or (a)(iv), an amount equal to 102% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by Agent and the
L/C Issuer in their sole discretion but in no event to exceed 102% of such liabilities. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which any Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five (5) plan years, has made or been obligated to make contributions.

 “Multiple Employer Plan” means a Plan which has two or more contributing sponsors
(including Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Nessco Group” means Nessco Group Holdings Limited, an entity incorporated under the laws of
Scotland. 
 “Net Cash Proceeds” means the aggregate cash or Cash Equivalents proceeds
received by any Loan Party or any Subsidiary in respect of any Disposition, or Involuntary Disposition, net of (a) direct costs and expenses incurred in connection therewith (including, without limitation, legal, accounting and investment
banking fees and sales commissions), (b) taxes paid or payable as a result thereof (including, in respect of any Disposition or Involuntary Disposition by a Foreign Subsidiary or CFC, taxes paid or payable upon the repatriation of any such
proceeds) and (c) in the case of any Disposition or any Involuntary Disposition, the amount necessary to retire any Indebtedness secured by a Permitted Lien (ranking senior to any Lien of Agent) on the related property; it being understood that
“Net Cash Proceeds” shall include, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration received by any Loan Party or any Subsidiary in any Disposition, or
Involuntary Disposition. 
 “Non-Consenting Lender” means any Lender that does not
approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders, or all Lenders or all affected Lenders in a Facility or all Lenders entitled to payment, in accordance with the terms of
Section 11.01 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.
 
 “Non-Extension Notice Date” has the meaning specified in Section
2.03(b)(iv). 
 “Note” means a Term Note or a Revolving Note, as the context may
require. 

  
 19 

 “NPL” means the National Priorities List under
CERCLA. 
 “Obligations” means: (a) all advances to, and debts, liabilities,
obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit and (b) all costs and expenses incurred in connection with enforcement and collection of the
foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including
interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof pursuant to any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding; provided that with respect to any Loan Party that is not an “eligible contract participant” under the Commodity Exchange Act, Excluded Swap Obligations shall be
excluded from “Obligations” owing by such Loan Party. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury.

 “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or
organization and operating agreement or limited liability company agreement (or equivalent or comparable documents with respect to any non-U.S. jurisdiction); (c) with respect to any partnership, joint venture, trust or other form of business
entity, the partnership, joint venture or other applicable agreement of formation or organization (or equivalent or comparable documents with respect to any non-U.S. jurisdiction) and (d) with respect to all entities, any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization (or equivalent or comparable documents with respect to any
non-U.S. jurisdiction). 
 “Other Connection Taxes” means, with respect to any
Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its
obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

 “Other Taxes” means all present or future stamp, court or documentary, intangible,
recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan
Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06). 

“Outstanding Amount” means (a) with respect to Term Loans, Revolving Loans and Swingline Loans on
any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans, Revolving Loans and Swingline Loans, as the case may be, occurring on such date; and (b) with
respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date,
including as a result of any reimbursements by Borrower of Unreimbursed Amounts. 

“Participant” has the meaning specified in Section 11.06(d).  

  
 20 

 “Participant Register” has the meaning specified in Section
11.06(d). 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

 “Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions
(including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA,
each as in effect prior to the Pension Act and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension Plan” means any employee pension benefit plan (other than a Multiemployer Plan, but including a
Multiple Employer Plan) that is maintained or is contributed to by any Loan Party and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the
Code. 
 “Permitted Investor” means (a) Altira Group LLC, (b) T. Rowe
Price, (c) either Cubera Private Equity or KKR & Co. L.P., or (d) any investment fund or other entity that any Person described in clause (a), (b) or (c) (or its officers or
employees) manages, controls or holds contract management responsibility for or in which any such Person holds a profits interest. 

“Permitted Transfers” means (a) Dispositions of inventory in the ordinary course of business;
(b) Dispositions of property to Borrower or any Subsidiary; provided that, if the transferor of such property is a Loan Party, (i) the transferee thereof must be a Loan Party, or (ii) such
transaction must be an intercompany Investment permitted under Section 7.03(c); (c) Dispositions of accounts receivable in connection with the collection or compromise thereof; (d) licenses, sublicenses, leases or
subleases granted to others not interfering in any material respect with the business of Borrower and its Subsidiaries; and (e) the sale or disposition of Cash Equivalents for fair market value. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan”
means any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of Borrower or, any ERISA Affiliate or any such Plan to which any Loan Party or any ERISA Affiliate
is required to contribute on behalf of any of its employees. 
 “Platform” has the
meaning specified in Section 6.02. 
 “Pledge Agreement” means each pledge
agreement in form and substance reasonably acceptable to Agent and its counsel, executed by a Loan Party in favor of Agent. 

“Pledged Collateral” has the meaning specified in each Pledge Agreement. 

“Public Lender” has the meaning specified in Section 6.02. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has
total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the relevant Lien becomes effective with respect to such Swap Obligation or such other Person as constitutes an “eligible contract participant” under
the Commodity Exchange Act and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

  
 21 

 “Qualifying Control Agreement” means an agreement, among a
Loan Party, a depository institution or securities intermediary and Agent, which agreement is in form and substance reasonably acceptable to Agent and which provides Agent with “control” (as such term is
used in Article 9 of the UCC) over the deposit account(s) or securities account(s) described therein. 

“Recipient” means Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by
or on account of any obligation of any Loan Party hereunder. 
 “Register” has the
meaning specified in Section 11.06(c). 
 “Related Parties” means, with
respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Reportable Event” means any of the events set forth in Section 4043(c), of ERISA,
other than events for which the thirty (30) day notice period has been waived. 
 “Request for
Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Term Loans or Revolving Loans, a Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and
(c) with respect to a Swingline Loan, a Swingline Loan Notice. 
 “Required
Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required
Lenders at any time; provided that, (a) the amount of any participation in any Swingline Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and
funded by another Lender shall be deemed to be held by the Lender that is the Swingline Lender or L/C Issuer, as the case may be, in making such determination, and (b) if there are only two Lenders, then Required Lenders shall mean both
Lenders. 
 “Required Revolving Lenders” means, at any time, Revolving Lenders having
Revolving Exposure representing more than 50% of the Revolving Exposure of all Revolving Lenders. The Revolving Exposure of any Defaulting Lender shall be disregarded in determining Required Revolving Lenders at any time;
provided that, the amount of any participation in any Swingline Loan and Unreimbursed Amount that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be
deemed to be held by the Lender that is the Swingline Lender or L/C Issuer, as the case may be, in making such determination. 

“Required Term Lenders” means, as of any date of determination, Term Lenders holding more than 50% of
the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders. 

“Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer,
assistant treasurer or controller of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice
to Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and
such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by Agent, each Responsible Officer will provide an incumbency certificate, in form and substance reasonably satisfactory to
Agent. 

  
 22 

 “Restricted Payment” means (a) any dividend or other
distribution, direct or indirect, on account of any shares (or equivalent) of any class of Equity Interests of Borrower or any of its Subsidiaries, now or hereafter outstanding, (b) any redemption, retirement, sinking fund or similar payment
(whether in cash, securities or other property), purchase or other acquisition for value, direct or indirect, of any shares (or equivalent) of any class of Equity Interests of Borrower or any of its Subsidiaries, now or hereafter outstanding,
including, but not limited to, any sinking fund or similar deposit, (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Equity Interests of any Loan
Party or any of its Subsidiaries, now or hereafter outstanding. 
 “Revolving Borrowing”
means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

 “Revolving Commitment” means, as to each Revolving Lender, its obligation to (a) make
Revolving Loans to Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swingline Loans, in an aggregate principal amount at any one time outstanding
not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Revolving Commitment” or opposite such caption in the Assignment and Assumption pursuant to which
such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The Revolving Commitment of all of the Revolving Lenders on the Closing Date shall be $125,000,000.

 “Revolving Exposure” means, as to any Lender at any time, the aggregate principal amount at
such time of its outstanding Revolving Loans and such Lender’s participation in L/C Obligations and Swingline Loans at such time. 

“Revolving Facility” means, at any time, the aggregate amount of the Revolving Lenders’ Revolving
Commitments at such time. 
 “Revolving Lender” means, at any time, (a) so long as
any Revolving Commitment is in effect, any Lender that has a Revolving Commitment at such time or (b) if the Revolving Commitments have terminated or expired, any Lender that has a Revolving Loan or a participation in L/C Obligations or
Swingline Loans at such time. 
 “Revolving Loan” has the meaning specified in
Section 2.01(b). 
 “Revolving Note” means a promissory note made by
Borrower in favor of a Revolving Lender evidencing Revolving Loans or Swingline Loans, as the case may be, made by such Revolving Lender, substantially in the form of Exhibit A. 

“RigNet Luxembourg Holdings” means RigNet Luxembourg Holdings, a societe a
responsabilite limitee (private limited liability company) organized under the laws of the Grand-Duchy of Luxembourg. 

“S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill
Companies, Inc., and any successor thereto. 

  
 23 

 “Sale and Leaseback Transaction” means, with respect to any
Loan Party or any Subsidiary, any arrangement, directly or indirectly, with any Person whereby such Loan Party or such Subsidiary shall sell or transfer any property used or useful in its business, whether now owned or hereafter acquired, and
thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or transferred. 

“Sanction(s)” means any international economic sanction administered or enforced by the United States
Government (including, without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of
its principal functions. 
 “Secured Cash Management Agreement” means any Cash
Management Agreement between the any Loan Party and any of its Subsidiaries and any Cash Management Bank. 

“Secured Hedge Agreement” means any interest rate, currency, foreign exchange, or commodity Swap
Contract permitted under Article VI or VII between any Loan Party and any of its Subsidiaries and any Hedge Bank. 

“Secured Obligations” means (a) all Obligations, (b) all obligations arising under Secured
Cash Management Agreements and Secured Hedge Agreements (unless, at least five (5) Business Days prior to entering into any such agreement, the Borrower provides written notice to Agent that such agreement results in a material adverse tax
impact on a Subsidiary, in which case the obligations under such agreement shall not constitute “Secured Obligations”), (c) all obligations arising under bank guarantees in connection with the BofA Bonding Facility, and
(d) all costs and expenses incurred in connection with enforcement and collection of the foregoing to the extent required to be paid by any Loan Party under any Loan Document, including the fees, charges and disbursements of counsel, in each
case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party
or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding;
provided that with respect to any Loan Party that is not an “eligible contract participant” under the Commodity Exchange Act, Excluded Swap Obligations shall be excluded
from “Secured Obligations” owing by, guaranteed by or secured by such Loan Party.  

“Secured Parties” means, collectively, Agent, the Lenders, the L/C Issuer, the Hedge Banks, the
Cash Management Banks, Bank of America (with respect to bank guarantees in connection with the BofA Bonding Facility), the Indemnitees, each co-agent or sub-agent appointed by Agent from time to time pursuant to Section 9.05.

 “Secured Party Designation Notice” shall mean a notice from any Lender or an Affiliate of a
Lender in form and substance acceptable to Agent and its counsel. 
 “Security
Agreement” means each security agreement in form and substance reasonably acceptable to Agent and its counsel, executed by a Loan Party in favor of Agent. 

“Significant Subsidiary” means, at any time, each Subsidiary of Borrower that owns 15% or more of the
total assets or earns 15% or more of the total income of Borrower and its Subsidiaries on a Consolidated basis. 

  
 24 

 “Solvent” and “Solvency” mean, with
respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair
saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not
believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a
transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course
of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or
matured liability. 
 “Specified Property” means the particular assets identified in
writing to Agent by Borrower on or prior to the Closing Date. 
 “Subordinated Debt”
means Indebtedness incurred by any Loan Party which by its terms (a) is subordinated in right of payment to the prior payment of the Obligations and (b) contains other terms, including without limitation, standstill, interest rate,
maturity and amortization, and insolvency-related provisions, in all respects acceptable to Agent in its sole discretion. 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or
other business entity of which a majority of the shares of Voting Stock is at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.
Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Borrower. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

 “Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform
under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

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

  
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 “SWIFT” has the meaning specified in Section
2.03(f). 
 “Swingline Borrowing” means a borrowing of a Swingline Loan pursuant
to Section 2.04. 
 “Swingline Lender” means Bank of America in its
capacity as provider of Swingline Loans, or any successor swingline lender hereunder. 
 “Swingline
Loan” has the meaning specified in Section 2.04(a). 
 “Swingline Loan
Notice” means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit E. 

“Swingline Sublimit” means an amount equal to the lesser of (a) $2,000,000, and (b) the
Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility. 

“Synthetic Debt” means, with respect to any Person as of any date of determination thereof, all
obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds but are not otherwise included in the definition of “Indebtedness” or as a liability on the
Consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP or IFRS, as applicable. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called
synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including Sale and Leaseback Transactions), in each case, creating obligations that do not appear on the balance sheet of such
Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Target EBITDA” means EBITDA of any Person that is the target in any Acquisition, calculated for such
Person and its Subsidiaries on a pro forma basis consistent with the calculation of Consolidated EBITDA for Borrower and its Subsidiaries (excluding any portion thereof determined by Agent to be inapplicable). 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including
backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type and, in the
case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01. 

“Term Commitment” means, as to each Term Lender, its obligation to make Term Loans to Borrower pursuant
to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 1.01(b) under the caption “Term
Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The Term
Commitment of all of the Term Lenders on the Closing Date shall be $60,000,000. 

  
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 “Term Facility” means, at any time, (a) on or prior to
the Closing Date, the aggregate amount of the Term Commitments at such time, and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time. 

“Term Lender” means (a) at any time on or prior to the Closing Date, any Lender that has a Term
Commitment at such time, and (b) at any time after the Closing Date, any Lender that holds Term Loans at such time. 

“Term Loan” means an advance made by any Term Lender under the Term Facility. 

“Term Note” means a promissory note made by Borrower in favor of a Term Lender evidencing Term Loans
made by such Term Lender, substantially in the form of Exhibit B. 
 “Third Amendment
to Existing Credit Agreement” means that certain Third Amendment to First Amended and Restated Credit Agreement and Waiver dated as of May 6, 2013, among Borrower, Lenders and Agent. 

“Threshold Amount” means $5,000,000. 

“Total Credit Exposure” means, as to any Lender at any time, the unused Commitments, Revolving Exposure
and Outstanding Amount of all Term Loans of such Lender at such time. 
 “Total Revolving
Outstandings” means the aggregate Outstanding Amount of all Revolving Loans, Swingline Loans and L/C Obligations. 

“Type” means, with respect to a Loan, its character as a Base Rate Loan, a LIBOR Daily Floating Rate
Loan or a Eurodollar Rate Loan. 
 “UCC” means the Uniform Commercial Code as in
effect in the State of Texas; provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction
other than the State of Texas, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of
perfection or non-perfection or priority. 
 “UCP” means, with respect to any documentary
Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).

 “Unfinanced Capital Expenditures” means Capital Expenditures that are not financed with
Indebtedness permitted under Section 7.02.  
 “United States” and
“U.S.” mean the United States of America.  
 “Unreimbursed
Amount” has the meaning specified in Section 2.03(c)(i). 
 “U.S. Loan
Party” means any Loan Party that is organized under the laws of the United States of America, any state thereof or the District of Columbia. 

“U.S. Person” means any Person that is a “United States
person” as defined in Section 7701(a)(30) of the Code. 

  
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 “U.S. Tax Compliance Certificate” has the meaning specified
in Section 3.01(e)(ii)(B)(3). 
 “Voting Stock” means, with respect to any
Person, Equity Interests issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right to so
vote has been suspended by the happening of such contingency. 
 “Withholding Agent”
means Agent or any Loan Party. 
 1.02 Other Interpretive Provisions. With reference to this Agreement and each other
Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The definitions of terms herein shall apply equally
to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including”
shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any
definition of or reference to any agreement, instrument or other document (including the Loan Documents and any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended,
modified, extended, restated, replaced or supplemented from time to time (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be
construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to
Articles and Sections of, and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending,
replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified, extended, restated, replaced or supplemented from time to time, and (vi) the
words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(b) In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.” 

(c) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the
interpretation of this Agreement or any other Loan Document. 
 1.03 Accounting Terms. 

(a) Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared at Borrower’s option in conformity with, GAAP or IFRS, as applicable, in each case applied on a
consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein or as required by Law. Notwithstanding the foregoing,
for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount
thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded. 

  
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 (b) Changes in GAAP or IFRS. If at any time any change in GAAP or IFRS, or the application
thereof, would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either Borrower or the Required Lenders shall so request, Agent and Borrower shall negotiate in good faith to amend such ratio or
requirement to preserve the original intent thereof in light of such change in GAAP or IFRS or the application thereof, as applicable (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or
requirement shall continue to be computed in accordance with GAAP or IFRS, as applicable, prior to such change therein and (ii) Borrower shall provide to Agent and Lenders a reconciliation between calculations of such ratio or requirement made
before and after giving effect to such change in GAAP or IFRS, as applicable. 
 (c) Consolidation of Variable Interest Entities. All
references herein to Consolidated financial statements of Borrower and its Subsidiaries or to the determination of any amount for Borrower and its Subsidiaries on a Consolidated basis or any similar reference shall, in each case, be deemed to
include each variable interest entity that Borrower is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. 

1.04 Rounding. Any financial ratios required to be maintained by Borrower pursuant to this Agreement shall be calculated by dividing
the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number). 
 1.05 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to
Eastern time (daylight or standard, as applicable). 
 1.06 Rates. Agent does not warrant, nor accept responsibility, nor shall Agent
have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any comparable or successor rate thereto. 

1.07 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be
the stated amount of such Letter of Credit in effect at such time; provided that, with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the
stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

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

1.09 Timing of Payment or Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is
stated to be due or performance required on a day that is not a Business Day, then, except as otherwise provided in the definition of Interest Period and in the proviso below, the date of such payment or performance shall extend to the immediately
succeeding Business Day, provided that, if any principal repayment installment to be made by Borrower (other than principal repayment installments on Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal
repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

  
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 ARTICLE II 

COMMITMENTS AND CREDIT EXTENSIONS 

2.01 Loans. 
 (a) Term
Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a loan to Borrower, in Dollars, in a single advance on the Closing Date in an amount not to exceed such Term Lender’s Applicable
Percentage of the Term Facility. Any portion of the Term Borrowing that is repaid or prepaid may not be reborrowed. Subject to this subsection (a), Term Loans may be Eurodollar Rate Loans or LIBOR Daily Floating Rate Loans, as further
provided herein. 
 (b) Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally
agrees to make loans (each such loan, a “Revolving Loan”) to Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount
of such Lender’s Revolving Commitment; provided however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the Revolving Exposure of any
Lender shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, Borrower may borrow Revolving Loans, prepay
under Section 2.05, and reborrow under this subsection (b). Revolving Loans may be LIBOR Daily Floating Rate Loans or Eurodollar Rate Loans, as further provided herein; provided however, any Revolving
Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as LIBOR Daily Floating Rate Loans unless Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days
prior to the date of such Revolving Borrowing. 
 2.02 Borrowings, Conversions and Continuations of Loans. 

(a) Notice of Borrowing. Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate
Loans shall be made upon Borrower’s irrevocable notice to Agent, which may be given by telephone. Each such notice must be received by Agent not later than 12:00 p.m. (i) three (3) Business Days prior to the requested date of any
Borrowing of, conversion to or continuation of Eurodollar Rate Loans, and (ii) on the requested date of any Borrowing of LIBOR Daily Floating Rate Loans or of any conversion of Eurodollar Rate Loans to LIBOR Daily Floating Rate Loans. Each
telephonic notice by Borrower pursuant to this subsection (a) must be confirmed promptly by delivery to Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of Borrower. Each Borrowing of,
conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each
Borrowing of or conversion to LIBOR Daily Floating Rate Loans shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (A) the applicable
Facility and whether Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Loans, as the case may be, under such Facility, (B) the requested date of the Borrowing, conversion or continuation,
as the case may be (which shall be a Business Day), (C) the principal amount of Loans to be borrowed, converted or continued, (D) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (E) if applicable,
the duration of the Interest Period with respect thereto. If Borrower fails to specify a Type of Loan in a Loan Notice or if Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as,
or converted to, LIBOR Daily Floating Rate Loans. Any such automatic conversion to LIBOR Daily Floating Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If
Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month. Notwithstanding
anything to the contrary herein, a Swingline Loan may not be converted to a Eurodollar Rate Loan. 

  
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 (b) Advances. Following receipt of a Loan Notice for a Facility, Agent shall
promptly notify each Appropriate Lender of the amount of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation is provided by Borrower, Agent shall notify each Appropriate
Lender of the details of any automatic conversion to LIBOR Daily Floating Rate Loans described in subsection (a). In the case of a Borrowing, each Appropriate Lender shall make the amount of its Loan available to Agent in immediately
available funds at Agent’s Office not later than 2:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the
initial Credit Extension, Section 4.01), Agent shall make all funds so received available to Borrower in like funds as received by Agent either by (i) crediting the account of Borrower on the books of Bank of America with the
amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) Agent by Borrower; provided however, that if, on the date a
Loan Notice with respect to a Revolving Borrowing is given by Borrower, there are L/C Borrowings outstanding, then the proceeds of such Revolving Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall
be made available to Borrower as provided above. 
 (c) Eurodollar Rate Loans. Except as otherwise provided herein, a
Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without
the consent of the Required Lenders, and the Required Lenders may demand that any or all of the outstanding Eurodollar Rate Loans be converted immediately to LIBOR Daily Floating Rate Loans. 

(d) Notice of Interest Rates. Agent shall promptly notify Borrower and the Lenders of the interest rate applicable to any Interest
Period for Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, Agent shall notify Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base
Rate promptly following the public announcement of such change. 
 (e) Interest Periods. After giving effect to all Term Borrowings,
all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as the same Type, there shall not be more than six (6) Interest Periods in effect in respect of the Term Facility. After giving effect to all
Revolving Borrowings, all conversions of Revolving Loans from one Type to the other, and all continuations of Revolving Loans as the same Type, there shall not be more than four (4) Interest Periods in effect in respect of the Revolving
Facility. 
 2.03 Letters of Credit. 

(a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of
the Revolving Lenders set forth in this Section, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit in Dollars for the account of Borrower or
any of its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b), and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Lenders severally
agree to participate in Letters of Credit issued for the account of Borrower or 

  
 31 

 
its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Revolving Outstandings
shall not exceed the Revolving Facility, (y) the Revolving Exposure of any Revolving Lender shall not exceed such Lender’s Revolving Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of
Credit Sublimit. Each request by Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the
preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly Borrower may, during the foregoing period, obtain Letters
of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. 
 (ii) The L/C Issuer
shall not issue any Letter of Credit if: 
 (A) subject to subsection (b)(iv), the expiry date of the requested
Letter of Credit would occur more than twelve (12) months after the date of issuance or last extension, unless the Required Lenders have approved such expiry date; or 

(B) the expiry date of the requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the
Revolving Lenders have approved such expiry date. 
 (iii) The L/C Issuer shall not be under any obligation to issue any
Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms
purport to enjoin or restrain the L/C Issuer from issuing the Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the
L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon the L/C Issuer with respect to the Letter of Credit any restriction,
reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing
Date and which the L/C Issuer in good faith deems material to it; 
 (B) the issuance of the Letter of Credit would violate
one or more policies of the L/C Issuer applicable to letters of credit generally; 
 (C) except as otherwise agreed by Agent
and the L/C Issuer, the Letter of Credit is in an initial stated amount less than $100,000, in the case of a commercial Letter of Credit, or $500,000, in the case of a standby Letter of Credit; 

(D) the Letter of Credit is to be denominated in a currency other than Dollars; or 

(E) any Revolving Lender is at that time a Defaulting Lender, unless the L/C Issuer has entered into arrangements, including
the delivery of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with Borrower or such Revolving Lender to eliminate the L/C Issuer’s actual or potential Fronting Exposure (after giving effect to
Section 2.15(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which the L/C Issuer has
actual or potential Fronting Exposure, as it may elect in its sole discretion. 

  
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 (iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would
not be permitted at such time to issue the Letter of Credit in its amended form under the terms hereof. 
 (v) The L/C Issuer
shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of
Credit does not accept the proposed amendment to the Letter of Credit. 
 (vi) The L/C Issuer shall act on behalf of the
Revolving Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to Agent in Article IX with respect to any
acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative
Agent” as used in Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer. 

(b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. 

(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of Borrower delivered to the L/C
Issuer (with a copy to Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of Borrower. Such Letter of Credit Application may be sent by fax transmission, by United States mail, by
overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer. Such Letter of Credit Application must be received by the L/C Issuer and Agent not
later than 10:00 a.m. at least two (2) Business Days (or such later date and time as Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the
case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of
Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing
thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as the L/C Issuer may
require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (1) the Letter of Credit to be amended; (2) the
proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the L/C Issuer may require. Additionally, Borrower shall furnish to the L/C Issuer and Agent such
other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or Agent may require. 

  
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 (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer
will confirm with Agent (by telephone or in writing) that Agent has received a copy of such Letter of Credit Application from Borrower and, if not, the L/C Issuer will provide Agent with a copy thereof. Unless the L/C Issuer has received written
notice from any Revolving Lender, Agent or any Loan Party, at least one (1) Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article
IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of Borrower (or the applicable Subsidiary) or enter into the applicable
amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Revolving Lender’s Applicable Revolving Percentage times the amount of such Letter of Credit. 

(iii) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with
respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to Borrower and Agent a true and complete copy of such Letter of Credit or amendment. 

(iv) If Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole
discretion, agree to issue a standby Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of
Credit must permit the L/C Issuer to prevent any such extension at least once in each twelve (12) month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a
day (the “Non-Extension Notice Date”) in each such twelve (12) month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, Borrower shall not be required to
make a specific request to the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Revolving Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such
Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided however, that the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has
determined that it would not be permitted, or would have no obligation at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (ii) or
(iii) of subsection (a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven (7) Business Days before the Non-Extension Notice Date
(1) from Agent that the Required Lenders have elected not to permit such extension or (2) from Agent, any Revolving Lender or Borrower that one or more of the applicable conditions specified in Section 4.02 is not then
satisfied, and in each such case directing the L/C Issuer not to permit such extension. 
 (c) Drawings and Reimbursements;
Funding of Participations. 
 (i) Upon receipt from the beneficiary of any Letter of Credit of any notice
of a drawing under such Letter of Credit, the L/C Issuer shall notify Borrower and Agent thereof. Not later than 10:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an “Honor
Date”), Borrower shall reimburse the L/C Issuer through Agent in an amount equal to the amount of such drawing. If Borrower fails to so reimburse the L/C Issuer by such time, Agent shall promptly notify each Revolving Lender of the
Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Revolving Lender’s Applicable Revolving Percentage thereof. In such event, Borrower shall be deemed to have requested
a Revolving Borrowing of LIBOR Daily Floating Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum 

  
 34 

 
and multiples specified in Section 2.02 for the principal amount of LIBOR Daily Floating Rate Loans, but subject to the amount of the unutilized portion
of the Revolving Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or Agent pursuant to this subsection (i) may be given by
telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii) Each Revolving Lender shall upon any notice pursuant to subsection (i) make funds
available (and Agent may apply Cash Collateral provided for this purpose) for the account of the L/C Issuer at Agent’s Office in an amount equal to its Applicable Revolving Percentage of the Unreimbursed Amount not later than 12:00 p.m. on the
Business Day specified in such notice by Agent, whereupon, subject to the provisions of Section 2.04(c)(iii), each Revolving Lender that so makes funds available shall be deemed to have made a LIBOR Daily Floating Rate Loan to
Borrower in such amount. Agent shall remit the funds so received to the L/C Issuer. 
 (iii)
With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Borrowing of LIBOR Daily Floating Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason,
Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear
interest at the Default Rate. In such event, each Revolving Lender’s payment to Agent for the account of the L/C Issuer pursuant to subsection (ii) shall be deemed payment in respect of its participation in such L/C Borrowing
and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section. 

(iv) Until each Revolving Lender funds its Revolving Loan or L/C Advance pursuant to this subsection
(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Revolving Percentage of such amount shall be solely for the account of the L/C Issuer.

 (v) Each Revolving Lender’s obligation to make Revolving Loans or L/C Advances to reimburse
the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim,
recoupment, defense or other right which such Lender may have against the L/C Issuer, Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided however, that each Revolving Lender’s obligation to make Revolving Loans pursuant to this subsection (c) is subject to the conditions
set forth in Section 4.02 (other than delivery by Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of Borrower to reimburse the L/C Issuer for the amount of any payment
made by the L/C Issuer under any Letter of Credit, together with interest as provided herein. 

(vi) If any Revolving Lender fails to make available to Agent for the account of the L/C Issuer any amount
required to be paid by such Lender pursuant to the foregoing provisions of this subsection (c) by the time specified in subsection (ii), then, without limiting the other provisions of this Agreement, the L/C Issuer
shall be entitled to recover from such Lender (acting through Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at
a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation, plus any 

  
 35 

 
administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as
aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Revolving Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to
any Revolving Lender (through Agent) with respect to any amounts owing under this subsection (vi) shall be conclusive absent manifest error. 

(d) Repayment of Participations. 

(i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any
Revolving Lender such Lender’s L/C Advance in respect of such payment in accordance with subsection (c), if Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest
thereon (whether directly from Borrower or otherwise, including proceeds of Cash Collateral applied thereto by Agent), Agent will distribute to such Lender its Applicable Revolving Percentage thereof in the same funds as those received by
Agent. 
 (ii) If any payment received by Agent for the account of the L/C Issuer pursuant to
subsection (c)(i) is required to be returned under any of the circumstances described in Section 11.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Revolving Lender
shall pay to Agent for the account of the L/C Issuer its Applicable Revolving Percentage thereof on demand of Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to
the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e) Obligations Absolute. The obligation of Borrower to reimburse the L/C Issuer for each drawing under each Letter of Credit and to
repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; 

(ii) the existence of any claim, counterclaim, setoff, defense or other right that any Subsidiary may have at any time against
any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement or by such Letter of Credit,
the transactions contemplated hereby or any agreement or instrument relating thereto, or any unrelated transaction; 
 (iii)
any draft, demand, endorsement, certificate or other document presented under or in connection with such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in
any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

(iv) waiver by the L/C Issuer of any requirement that exists for the L/C Issuer’s protection and not the protection of
Borrower or any waiver by the L/C Issuer which does not in fact materially prejudice Borrower; 

  
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 (v) honor of a demand for payment presented electronically even if such Letter of
Credit requires that demand be in the form of a draft; 
 (vi) any payment made by the L/C Issuer in respect of an otherwise
complying item presented after the date specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable;

 (vii) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does
not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors,
liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

(viii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a discharge of, Borrower or any of its Subsidiaries. 
 Borrower
shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with Borrower’s instructions or other irregularity, Borrower will immediately notify the
L/C Issuer. Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid. 

(f) Role of L/C Issuer. Each Lender and Borrower agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not
have any responsibility to obtain any document (other than any sight or time draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuer, Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any
action taken or omitted in connection herewith at the request or with the approval of the Revolving Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or
(iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee
with respect to its use of any Letter of Credit; provided however, that this assumption is not intended to, and shall not, preclude Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law
or under any other agreement. None of the L/C Issuer, Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters described in subsection
(e); provided however, that anything in such clauses to the contrary notwithstanding, Borrower may have a claim against the L/C Issuer, and the L/C Issuer may be liable to Borrower, to the extent, but only to the extent, of any
direct, as opposed to consequential or exemplary, damages suffered by Borrower which Borrower proves, as determined by a final nonappealable judgment of a court of competent jurisdiction, were caused by the L/C Issuer’s willful misconduct or
gross negligence or the L/C Issuer’s willful or grossly negligent failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight or time draft and certificate(s) strictly complying with the terms and
conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or
information to the contrary, and the L/C Issuer shall not be responsible for the validity or 

  
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sufficiency of any instrument transferring, endorsing or assigning or purporting to transfer, endorse or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in
whole or in part, which may prove to be invalid or ineffective for any reason. The L/C Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication
(“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 

(g) Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the L/C Issuer and Borrower when a
Letter of Credit is issued, (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, the L/C Issuer shall not be
responsible to Borrower for, and the L/C Issuer’s rights and remedies against Borrower shall not be impaired by, any action or inaction of the L/C Issuer required or permitted under any law, order, or practice that is required or permitted to
be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where the L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice
statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade—International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether
or not any Letter of Credit chooses such law or practice. 
 (h) Letter of Credit Fees. Borrower shall pay to Agent for the account of
each Revolving Lender in accordance, subject to Section 2.15, with its Applicable Revolving Percentage a Letter of Credit fee (the “Letter of Credit Fee”) (i) for each commercial Letter of Credit equal
to 1.50% per annum times the daily amount available to be drawn under such Letter of Credit and (ii) for each standby Letter of Credit equal to 2.00% per annum times the daily amount available to be drawn under such Letter of Credit.
For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. Letter of Credit Fees shall be (A) due and
payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and
(B) computed on a quarterly basis in arrears. 
 (i) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer.
Borrower shall pay directly to the L/C Issuer for its own account a fronting fee (i) with respect to each commercial Letter of Credit, at a rate per annum equal to 0.125%, computed on the amount of such Letter of Credit, and payable upon the
issuance thereof, (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between Borrower and the L/C Issuer, computed on the amount of such increase, and
payable upon the effectiveness of such amendment, and (iii) with respect to each standby Letter of Credit, at a rate per annum equal to 0.125%, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis
in arrears. Such fronting fee shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration
Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition,
Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer as from time to time in effect. Such customary fees
and standard costs and charges are due and payable within two (2) days of demand and are nonrefundable. 

  
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 (j) Conflict with Issuer Documents. In the event of any conflict between the terms hereof
and the terms of any Issuer Document, the terms hereof shall control. 
 (k) Letters of Credit Issued for Subsidiaries.
Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under
such Letter of Credit. Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of Borrower, and that Borrower’s business derives substantial benefits from the businesses of such
Subsidiaries. 
 2.04 Swingline Loans. 

(a) The Swingline. Subject to the terms and conditions set forth herein, the Swingline Lender, in reliance upon the agreements of the
other Lenders set forth in this Section, may in its sole discretion make loans (each such loan, a “Swingline Loan”). Each such Swingline Loan may be made, subject to the terms and conditions set forth herein, to Borrower, in
Dollars, from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swingline Sublimit, notwithstanding the fact that such Swingline Loans, when aggregated with
the Applicable Revolving Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations of the Lender acting as Swingline Lender, may exceed the amount of such Lender’s Revolving Commitment; provided however, that
(i) after giving effect to any Swingline Loan, (A) the Total Revolving Outstandings shall not exceed the Revolving Facility at such time, and (B) the Revolving Exposure of any Revolving Lender at such time shall not exceed such
Lender’s Revolving Commitment, Borrower shall not use the proceeds of any Swingline Loan to refinance any outstanding Swingline Loan, and the Swingline Lender shall not be under any obligation to make any Swingline Loan if it shall determine
(which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, Borrower may borrow
under this Section, prepay under Section 2.05, and reborrow under this Section. Each Swingline Loan shall bear interest at a rate equal to the LIBOR Daily Floating Rate plus the Applicable Margin. Immediately upon the making of a
Swingline Loan, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such Revolving
Lender’s Applicable Revolving Percentage times the amount of such Swingline Loan. 
 (b) Borrowing Procedures. Each Swingline
Borrowing shall be made upon Borrower’s irrevocable notice to the Swingline Lender and Agent, which may be given by telephone. Each such notice must be received by the Swingline Lender and Agent not later than 1:00 p.m. on the requested
borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $250,000, and (ii) the requested date of the Borrowing (which shall be a Business Day). Each such telephonic notice must be confirmed promptly by
delivery to the Swingline Lender and Agent of a written Swingline Loan Notice, appropriately completed and signed by a Responsible Officer of Borrower. Promptly after receipt by the Swingline Lender of any telephonic Swingline Loan Notice, the
Swingline Lender will confirm with Agent (by telephone or in writing) that Agent has also received such Swingline Loan Notice and, if not, the Swingline Lender will notify Agent (by telephone or in writing) of the contents thereof. Unless the
Swingline Lender has received notice (by telephone or in writing) from Agent (including at the request of any Revolving Lender) prior to 1:00 p.m. on the date of the proposed Swingline Borrowing (A) directing the Swingline Lender not to make
such Swingline Loan as a result of the limitations set forth in the first proviso to the first sentence of subsection (a), or (B) that one or more of the applicable conditions specified in Article IV is not then
satisfied, then, subject to the terms and conditions hereof, the Swingline Lender will, not later than 2:00 p.m. on the borrowing date specified in such Swingline Loan Notice, make the amount of its Swingline Loan available to Borrower at its office
by crediting the account of Borrower on the books of the Swingline Lender in immediately available funds. 

  
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 (c) Refinancing of Swingline Loans. 

(i) The Swingline Lender at any time in its sole discretion may request, on behalf of Borrower (which hereby
irrevocably authorizes the Swingline Lender to so request on its behalf), that each Revolving Lender make a LIBOR Daily Floating Rate Loan in an amount equal to such Lender’s Applicable Revolving Percentage of the amount of Swingline Loans then
outstanding. Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and
multiples specified therein for the principal amount of LIBOR Daily Floating Rate Loans, but subject to the unutilized portion of the Revolving Facility and the conditions set forth in Section 4.02. The Swingline Lender shall
furnish Borrower with a copy of the applicable Loan Notice promptly after delivering such notice to Agent. Each Revolving Lender shall make an amount equal to its Applicable Revolving Percentage of the amount specified in such Loan Notice available
to Agent in immediately available funds (and Agent may apply Cash Collateral available with respect to the applicable Swingline Loan) for the account of the Swingline Lender at Agent’s Office not later than 12:00 p.m. on the day specified in
such Loan Notice, whereupon, subject to subsection (ii), each Revolving Lender that so makes funds available shall be deemed to have made a LIBOR Daily Floating Rate Loan to Borrower in such amount. Agent shall remit the funds so
received to the Swingline Lender. 
 (ii) If for any reason any Swingline Loan cannot be
refinanced by such a Revolving Borrowing in accordance with subsection (i), the request for LIBOR Daily Floating Rate Loans submitted by the Swingline Lender as set forth herein shall be deemed to be a request by the Swingline Lender
that each of the Revolving Lenders fund its risk participation in the relevant Swingline Loan and each Revolving Lender’s payment to Agent for the account of the Swingline Lender pursuant to subsection (i) shall be deemed
payment in respect of such participation. 
 (iii) If any Revolving Lender fails to make
available to Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this subsection (c) by the time specified in subsection (i), the
Swingline Lender shall be entitled to recover from such Lender (acting through Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to
the Swingline Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swingline Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar
fees customarily charged by the Swingline Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant
Revolving Borrowing or funded participation in the relevant Swingline Loan, as the case may be. A certificate of the Swingline Lender submitted to any Lender (through Agent) with respect to any amounts owing under this clause
(iii) shall be conclusive absent manifest error. 
 (iv) Each Revolving
Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swingline Loans pursuant to this subsection (c) shall be absolute and unconditional and shall not be affected by any circumstance,
including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swingline Lender, Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or
(C) any other occurrence, event or condition, whether or not 

  
 40 

 
similar to any of the foregoing; provided however, that each Revolving Lender’s obligation to make Revolving Loans pursuant to this
subsection (c) is subject to the conditions set forth in Section 4.02 (other than delivery by Borrower of a Loan Notice). No such funding of risk participations shall relieve or otherwise impair the obligation
of Borrower to repay Swingline Loans, together with interest as provided herein. 
 (d) Repayment of Participations.

 (i) At any time after any Revolving Lender has purchased and funded a risk participation in a Swingline Loan, if the
Swingline Lender receives any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Revolving Lender its Applicable Revolving Percentage thereof in the same funds as those received by the Swingline Lender. 

(ii) If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is
required to be returned by the Swingline Lender under any of the circumstances described in Section 11.05 (including pursuant to any settlement entered into by the Swingline Lender in its discretion), each Revolving Lender shall
pay to the Swingline Lender its Applicable Revolving Percentage thereof on demand of Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. Agent will make
such demand upon the request of the Swingline Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e) Interest for Account of Swingline Lender. The Swingline Lender shall be responsible for invoicing Borrower for interest on the
Swingline Loans. Until each Revolving Lender funds its LIBOR Daily Floating Rate Loan or risk participation pursuant to this Section to refinance such Revolving Lender’s Applicable Revolving Percentage of any Swingline Loan, interest in respect
of such Applicable Revolving Percentage shall be solely for the account of the Swingline Lender. 
 (f) Payments Directly to Swingline
Lender. Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender. 

2.05 Prepayments. 
 (a)
Optional. Borrower may, upon notice to Agent, at any time or from time to time voluntarily prepay Term Loans and Revolving Loans in whole or in part without premium or penalty; provided that (A) such notice must be received by
Agent not later than 12:00 p.m. (1) three (3) Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans or LIBOR Daily Floating Rate Loans; (B) any prepayment of
Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; and (C) any prepayment of Base Rate Loans or LIBOR Daily Floating Rate Loans shall be in a principal amount of $250,000 or a
whole multiple of $50,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if
Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such
Lender’s Applicable Percentage in respect of the relevant Facility). If such notice is given by Borrower, Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified
therein. Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each

  
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prepayment of the outstanding Term Loans pursuant to this subsection (a) shall be applied to the principal repayment installments thereof in the inverse order of maturity. Subject to
Section 2.15, such prepayments shall be paid to the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities. 

(b) Mandatory. 

(i) Dispositions and Involuntary Dispositions. Borrower shall prepay the Term Loans as hereinafter provided in an
aggregate amount equal to 100% of the Net Cash Proceeds in excess of $6,000,000 received by Borrower or any Subsidiary in any fiscal year within three (3) days of receipt thereof as a result of any Disposition (other than Permitted Transfers or
a Sale and Leaseback Transaction with respect to the Specified Property) or any Involuntary Disposition of assets (other than the Specified Property) or Equity Interests owned by Borrower or any of its Subsidiaries. 

(ii) Application of Payments. Each prepayment of Loans pursuant to the provisions of subsection (i)
shall be applied, first, to the principal repayment installments of the Term Loans in inverse order of maturity. Subject to Section 2.15, such prepayments shall be paid to the Lenders in accordance with their respective Applicable
Percentages in respect of the relevant Facilities. 
 (iii) Revolving Outstandings. If for any reason the Total
Revolving Outstandings at any time exceed the Revolving Facility at such time, Borrower shall immediately prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize
the L/C Obligations in an aggregate amount equal to such excess; provided however, that Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this subsection (iii) unless, after the prepayment
of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility at such time. 

(iv) Application of Other Payments. Except as otherwise provided in Section 2.15, prepayments of the
Revolving Facility made pursuant to subsection (iii), first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied (without any reduction of the Commitment) to the outstanding Revolving Loans,
and, third, shall be used to Cash Collateralize the remaining L/C Obligations; and the amount remaining, if any, after the prepayment in full of all L/C Borrowings, Swingline Loans and Revolving Loans outstanding at such time and the Cash
Collateralization of the remaining L/C Obligations in full (the sum of such prepayment amounts, cash collateralization amounts and remaining amount being, collectively, the “Reduction Amount”) may be retained by Borrower for
use in the ordinary course of its business. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from Borrower or any other Loan
Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C Issuer or the Revolving Lenders, as applicable. 

Within the parameters of the applications set forth above, prepayments pursuant to this subsection (b) shall
be applied first, to Base Rate Loans, second, to LIBOR Daily Floating Rate Loans, and third, to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this subsection (b) shall be subject to
Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment. 

  
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 2.06 Termination or Reduction of Commitments. 

(a) Optional. Borrower may, upon notice to Agent, terminate the Revolving Facility, the Letter of Credit Sublimit or the Swingline
Sublimit, or from time to time permanently reduce the Revolving Facility, the Letter of Credit Sublimit or the Swingline Sublimit; provided that (i) any such notice shall be received by Agent not later than 12:00 noon five
(5) Business Days (or such shorter period as Agent may agree) prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $2,500,000 or any whole multiple of $1,000,000 in excess
thereof and (iii) Borrower shall not terminate or reduce (A) the Revolving Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Revolving Facility,
(B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, or (C) the Swingline Sublimit if, after giving
effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swingline Loans would exceed the Letter of Credit Sublimit. 

(b) Mandatory. 

(i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the Closing Date upon the funding
of the Term Loans under the Term Facility. 
 (ii) If after giving effect to any reduction or termination of
Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall
be automatically reduced by the amount of such excess. 
 (c) Application of Commitment Reductions; Payment of Fees.
Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Commitment under this Section 2.06. Upon any reduction of the Revolving Commitments, the
Revolving Commitment of each Revolving Lender shall be reduced by such Lender’s Applicable Revolving Percentage of such reduction amount. All fees in respect of the Revolving Facility accrued until the effective date of any termination of the
Revolving Facility shall be paid on the effective date of such termination. 
 2.07 Repayment of Loans. 

(a) Term Loans. Commencing March 31, 2014, and continuing on the last Business Day of each fiscal quarter thereafter, Borrower
shall repay to the Term Lenders the principal amount of $2,140,000, unless accelerated sooner pursuant to Section 8.02; provided however, that (i) the final principal repayment installment of the Term Loans shall be
repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date. 

(b) Revolving Loans. Borrower shall repay to the Revolving Lenders on the Maturity Date for the Revolving Facility the aggregate
principal amount of all Revolving Loans outstanding on such date. 
 (c) Swingline Loans. Borrower shall repay each Swingline Loan on
the earlier to occur of (i) the date ten (10) Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Facility. 

  
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 2.08 Interest and Default Rate. 

(a) Interest. Subject to the provisions of subsection (b), (i) each Eurodollar Rate Loan under a
Facility shall bear interest on the outstanding principal amount thereof for each Interest Period from the applicable borrowing date at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate for such
Facility; (ii) each Base Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for LIBOR Daily Floating
Rate Loans for such Facility; (iii) each LIBOR Daily Floating Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the LIBOR Daily Floating
Rate plus the Applicable Rate for such Facility; and (iv) each Swingline Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the LIBOR Daily Floating Rate plus the
Applicable Rate for the Revolving Facility. 
 (b) Default Rate. 

(i) If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at
stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(ii) If any amount (other than principal of any Loan) payable by Borrower under any Loan Document is not paid when due (without
regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal
to the Default Rate to the fullest extent permitted by applicable Laws. 
 (iii) Upon the request of the Required Lenders,
while any Event of Default exists, outstanding Obligations (including Letter of Credit Fees) may accrue at a fluctuating rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(iv) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon
demand. 
 (c) Interest Payments. Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable
thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief
Law. 
 2.09 Fees. In addition to certain fees described in subsections (h) and (i) of
Section 2.03: 
 (a) Commitment Fee. Borrower shall pay to Agent for the account of each Revolving Lender
in accordance with its Applicable Revolving Percentage, a commitment fee equal to the Applicable Rate for commitment fees times the actual daily amount by which the Revolving Facility exceeds the sum of (i) the Outstanding Amount of
Revolving Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. For the avoidance of doubt, the Outstanding Amount of Swingline Loans shall not be counted towards or
considered usage of the Aggregate Commitments. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and
payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the 

  
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Availability Period for the Revolving Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily
amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. 

(b) Other Fees. 

(i) Borrower shall pay to Arranger and Agent for their respective accounts fees in the amounts and at the times specified in
the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 (ii)
Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 

(a) Computation of Interest and Fees. All computations of interest for Base Rate Loans (including Base Rate Loans determined by
reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed
(which results in more fees or interest, as applicable, being paid than if computed on the basis of a three hundred sixty-five (365) day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a
Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one
(1) day. Each determination by Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 

(b) Financial Statement Adjustments or Restatements. If, as a result of any restatement of or other adjustment to the financial
statements of Borrower and its Subsidiaries or for any other reason, Borrower, or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by Borrower as of any applicable date was inaccurate and (ii) a proper
calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, Borrower shall immediately and retroactively be obligated to pay to Agent for the account of the applicable Lenders or the L/C Issuer, as the case
may be, promptly on demand by Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to Borrower under the Bankruptcy Code of the United States, automatically and without further action by Agent, any Lender
or the L/C Issuer), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of Agent,
any Lender or the L/C Issuer, as the case may be, under any provision of this Agreement to payment of any Obligations hereunder at the Default Rate or under Article VIII. Borrower’s obligations under this paragraph shall survive
the termination of the Aggregate Commitments and the repayment of all other Obligations hereunder. 
 2.11 Evidence of Debt. 

(a) Maintenance of Accounts. The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained
by such Lender and by Agent in the ordinary course of business. The accounts or records maintained by Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to Borrower and the
interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of Borrower hereunder to pay any amount owing with respect to the

  
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Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of Agent in respect of such matters, the accounts and records of
Agent shall control in the absence of manifest error. Upon the request of any Lender made through Agent, Borrower shall execute and deliver to such Lender (through Agent) a Note, which shall evidence such Lender’s Loans in addition to such
accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

(b) Maintenance of Records. In addition to the accounts and records referred to in subsection (a), each Lender and
Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swingline Loans. In the event of any conflict between the accounts and
records maintained by Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of Agent shall control in the absence of manifest error. 

2.12 Payments Generally; Administrative Agent’s Clawback. 

(a) (i) General. All payments to be made by Borrower shall be made free and clear of and without condition or deduction
for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by Borrower hereunder shall be made to Agent, for the account of the respective Lenders to which such payment is owed, at Agent’s
Office in Dollars and in immediately available funds not later than 3:00 p.m. on the date specified herein. Agent will promptly distribute to each Lender its Applicable Percentage in respect of the relevant Facility (or other applicable share as
provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by Agent after 3:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest
or fee shall continue to accrue. Subject to Section 2.07(a) and as otherwise specifically provided for in this Agreement, if any payment to be made by Borrower shall come due on a day other than a Business Day, payment shall be
made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

(ii) On each date when the payment of any principal, interest or fees are due hereunder or under any Loan
Document, Borrower agrees to maintain on deposit in an ordinary checking account maintained by Borrower with Agent (as such account shall be designated by Borrower in a written notice to Agent from time to time, the “Borrower
Account”) an amount sufficient to pay such principal, interest or fees in full on such date. Borrower hereby authorizes Agent (A) to deduct automatically all principal, interest or fees when due hereunder or under any Note from
Borrower Account, and (B) if and to the extent any payment of amount from any or all of the accounts of Borrower maintained at Agent. Agent agrees to provide written notice to Borrower of any automatic deduction made pursuant to this Section
showing in reasonable detail the amounts of such deduction. Lenders agree to reimburse Borrower based on their Applicable Percentage for any amounts deducted from such accounts in excess of amount due hereunder and under any other Loan
Documents. 
 (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless Agent shall have received notice
from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of LIBOR Daily Floating Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to
Agent such Lender’s share of such Borrowing, Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of LIBOR Daily Floating Rate Loans,
that such Lender has made such share available in accordance with and at the time required by Section 2.02) 

  
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and may, in reliance upon such assumption, make available to Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to
Agent, then the applicable Lender and Borrower severally agree to pay to Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available
to Borrower to but excluding the date of payment to Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by Agent in accordance with banking industry rules on interbank
compensation, plus any administrative, processing or similar fees customarily charged by Agent in connection with the foregoing, and (B) in the case of a payment to be made by Borrower, the interest rate applicable to LIBOR Daily Floating Rate
Loans. If Borrower and such Lender shall pay such interest to Agent for the same or an overlapping period, Agent shall promptly remit to Borrower the amount of such interest paid by Borrower for such period. If such Lender pays its share of the
applicable Borrowing to Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by Borrower shall be without prejudice to any claim Borrower may have against a Lender that shall have failed to
make such payment to Agent. 
 (ii) Payments by Borrower; Presumptions by Administrative Agent. Unless Agent shall
have received notice from Borrower prior to the date on which any payment is due to Agent for the account of the Lenders or the L/C Issuer hereunder that Borrower will not make such payment, Agent may assume that Borrower has made such payment on
such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if Borrower has not in fact made such payment, then each of the
Appropriate Lenders or the L/C Issuer, as the case may be, severally agrees to repay to Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and
including the date such amount is distributed to it to but excluding the date of payment to Agent, at the greater of the Federal Funds Rate and a rate determined by Agent in accordance with banking industry rules on interbank compensation. 

A notice of Agent to any Lender or Borrower with respect to any amount owing under this subsection (b) shall
be conclusive, absent manifest error. 
 (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to
Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to Borrower by Agent because the conditions to the applicable Credit Extension set
forth in Article IV are not satisfied or waived in accordance with the terms hereof, Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund
participations in Letters of Credit and Swingline Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment
under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its
Loan, to purchase its participation or to make its payment under Section 11.04(c). 
 (e) Funding Source. Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner. 

  
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 (f) Pro Rata Treatment. Except to the extent otherwise provided herein: (i) each
Borrowing (other than Swingline Borrowings) shall be made from the Appropriate Lenders, each payment of fees under Section 2.09 and 2.03(h) and (i) shall be made for account of the Appropriate
Lenders, and each termination or reduction of the amount of the Commitments shall be applied to the respective Commitments of the Lenders, pro rata according to the amounts of their respective Commitments; (ii) each Borrowing shall be allocated
pro rata among the Lenders according to the amounts of their respective Commitments (in the case of the making of Revolving Loans) or their respective Loans that are to be included in such Borrowing (in the case of conversions and continuations of
Loans); (iii) each payment or prepayment of principal of Loans by Borrower shall be made for account of the Appropriate Lenders pro rata in accordance with the respective unpaid principal amounts of the Loans held by them; and (iv) each
payment of interest on Loans by Borrower shall be made for account of the Appropriate Lenders pro rata in accordance with the amounts of interest on such Loans then due and payable to the respective Appropriate Lenders. 

2.13 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of (a) Obligations in respect of any of the Facilities due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the
amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time) of
payments on account of the Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations in respect of any of the
Facilities owing (but not due and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and
payable) to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time) of payments on account
of the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time, then, in each case under subsection
(a) and (b) above, the Lender receiving such greater proportion shall (A) notify Agent of such fact, and (B) purchase (for cash at face value) participations in the Loans and subparticipations in L/C
Obligations and Swingline Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations in
respect of the Facilities then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that: 

(1) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is
recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(2) the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf
of Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash Collateral provided for in
Section 2.14, or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swingline Loans to any assignee or
participant, other than an assignment to any Loan Party or any Affiliate thereof (as to which the provisions of this Section shall apply). 

  
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 Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so
under applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of such Loan Party in the amount of such participation. 
 2.14 Cash Collateral. 

(a) Certain Credit Support Events. If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit
and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) Borrower shall be required to provide Cash Collateral pursuant to
Section 2.05 or 8.02(c), or (iv) there shall exist a Defaulting Lender, Borrower shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases)
following any request by Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after
giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender). 
 (b) Grant of
Security Interest. Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) Agent, for the benefit of Agent, the L/C Issuer and the Lenders, and agrees to maintain,
a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such
Cash Collateral may be applied pursuant to subsection (c). If at any time Agent determines that Cash Collateral is subject to any right or claim of any Person other than Agent or the L/C Issuer as herein provided, or that the total
amount of such Cash Collateral is less than the Minimum Collateral Amount, Borrower will, promptly upon demand by Agent, pay or provide to Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral
(other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. Borrower shall pay on demand therefor from time to time all customary account opening,
activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. 
 (c)
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.14 or Sections 2.03, 2.05, 2.15 or 8.02 in respect of
Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Revolving Lender that is a Defaulting Lender, any interest
accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 

(d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other
obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Revolving Lender (or,
as appropriate, its assignee following compliance with Section 11.06(b)(vi))) or (ii) the determination by Agent and the L/C Issuer that there exists excess Cash Collateral; provided
however, (A) any such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the other applicable provisions of the
Loan Documents, and (B) the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

  
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 2.15 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 
 (i) Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and
Section 11.01. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or
other amounts received by Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by Agent from a Defaulting Lender pursuant to
Section 11.08 shall be applied at such time or times as may be determined by Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to Agent hereunder; second, to the payment on a pro rata basis of
any amounts owing by such Defaulting Lender to the L/C Issuer or Swingline Lender hereunder; third, to Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender in accordance with
Section 2.14; fourth, as Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this
Agreement, as determined by Agent; fifth, if so determined by Agent and Borrower, to be held in a deposit account and released pro rata in order to (A) satisfy such Defaulting Lender’s potential future funding obligations with respect to
Loans under this Agreement and (B) Cash Collateralize the L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with
Section 2.14; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or the Swingline
Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to Borrower as a result
of any judgment of a court of competent jurisdiction obtained by Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as
otherwise as may be required under the Loan Documents in connection with any Lien conferred thereunder or directed by a court of competent jurisdiction; provided that if (1) such payment is a payment of the principal amount of any Loans
or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (2) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in
Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or
L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held by the Lenders pro rata in accordance with the Commitments hereunder without giving
effect to subsection (v). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
subsection (ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 (iii) Certain Fees. 

(A) Fees. No Defaulting Lender shall be entitled to receive any fee payable under
Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

 (B) Letter of Credit Fees. Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for
any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Revolving Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to
Section 2.14. 
 (C) Defaulting Lender Fees. With respect to any Letter of Credit Fee not required
to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, Borrower shall (1) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with
respect to such Defaulting Lender’s participation in L/C Obligations or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to the L/C Issuer and Swingline
Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swingline Lender’s Fronting Exposure to such Defaulting Lender, and (3) not be required to
pay the remaining amount of any such fee. 
 (iv) Reallocation of Applicable Revolving Percentages to Reduce Fronting
Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages
(calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (A) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless Borrower shall have
otherwise notified Agent at such time, Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (B) such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting
Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender,
including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v) Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (a)(iv) above
cannot, or can only partially, be effected, Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (A) first, prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting
Exposure and (B) second, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in Section 2.14. 

(b) Defaulting Lender Cure. If Borrower, Agent, Swingline Lender and the L/C Issuer agree in writing that a Lender is no longer a
Defaulting Lender, Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender
will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit
and Swingline Loans to be held on a pro rata basis by the Lenders in 

  
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accordance with their Applicable Percentages (without giving effect to subsection (a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be
made retroactively with respect to fees accrued or payments made by or on behalf of Borrower while that Lender was a Defaulting Lender; and provided further, that except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

ARTICLE III 
 TAXES, YIELD
PROTECTION AND ILLEGALITY 
 3.01 Taxes. 

(a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i) Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be
made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith discretion of an applicable Withholding Agent) require the deduction or withholding of any Tax from
any such payment by a Withholding Agent, then such Withholding Agent shall be entitled to make such deduction or withholding, upon the basis of the information and documentation, if any, to be delivered pursuant to subsection (e)
below. 
 (ii) If any Withholding Agent shall be required by the Code to withhold or deduct any
Taxes, including both United States federal backup withholding and withholding taxes, from any payment, then (A) such Withholding Agent shall withhold or make such deductions as are determined by such Withholding Agent to be required based upon
the information and documentation, if any, it has received pursuant to subsection (e) below, (B) such Withholding Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in
accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or
the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding
or deduction been made. 
 (iii) If any Withholding Agent shall be required by any applicable
Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Withholding Agent as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the information and
documentation, if any, it has received pursuant to subsection (e) below, (B) then such Withholding Agent as required by such Laws shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in
accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or
the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding
or deduction been made. 
 (b) Payment of Other Taxes by the Loan Parties. Without limiting the provisions of
subsection (a) above, the Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of Agent timely reimburse it for the payment of, any Other Taxes. 

  
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 (c) Tax Indemnifications. 

(i) Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient, and shall
make payment in respect thereof within ten (10) days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not
such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrower by a Lender or the L/C Issuer (with a copy to Agent), or
by Agent on its own behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error. Each of the Loan Parties shall also, and does hereby, jointly and severally indemnify Agent, and shall make payment in respect thereof
within ten (10) days after demand therefor, for any amount which a Lender or the L/C Issuer for any reason fails to pay indefeasibly to Agent as required pursuant to subsection (ii) below. 

(ii) Each Lender and the L/C Issuer shall, and does hereby, severally indemnify and shall make payment in respect
thereof within ten (10) days after demand therefor, (A) Agent against any Indemnified Taxes attributable to such Lender or the L/C Issuer (but only to the extent that any Loan Party has not already indemnified Agent for such Indemnified
Taxes and without limiting the obligation of the Loan Parties to do so), (B) Agent and the Loan Parties, as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of
Section 11.06(d) relating to the maintenance of a Participant Register and (C) Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to such Lender or the L/C Issuer, in each case, that are
payable or paid by Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by Agent shall be conclusive absent manifest error. Each Lender and the L/C Issuer hereby authorizes Agent to set off and apply any and all
amounts at any time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to Agent under this clause (ii). 

(d) Evidence of Payments. Upon request by Borrower or Agent, as the case may be, after any payment of Taxes by Borrower or by Agent to a
Governmental Authority as provided in this Section 3.01, Borrower shall deliver to Agent or Agent shall deliver to Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to Borrower or Agent, as the case may be. 

(e) Status of Lenders; Tax Documentation. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any
Loan Document shall deliver to Borrower and Agent, at the time or times prescribed by applicable Law or reasonably requested by Borrower or Agent, such properly completed and executed documentation prescribed by applicable Law or reasonably
requested by Borrower or Agent as will permit such payments to be made without 

  
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withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by Borrower or Agent, shall deliver such other documentation prescribed by applicable Law or
reasonably requested by Borrower or Agent as will enable Borrower or Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two
sentences, the completion, execution and submission of such documentation (other than such documentation set forth in subsection (ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable
judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that Borrower is a U.S. Person, 

(A) any Lender that is a U.S. Person shall deliver to Borrower and Agent on or prior to the date on which such Lender becomes a
Lender under this Agreement (and from time to time thereafter at the times prescribed by applicable Law or upon the reasonable request of Borrower or Agent), executed originals of IRS Form W-9 (or any successor form) certifying that such Lender is
exempt from U.S. federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do
so, deliver to Borrower and Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter at the times prescribed
by applicable Law or upon the reasonable request of Borrower or Agent), whichever of the following is applicable: 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN (or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN (or any successor form) establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2) executed originals of IRS Form W-8ECI (or any successor form); 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a
“controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form
W-8BEN (or any successor form); or 

  
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 (4) to the extent a Foreign Lender is not the beneficial owner,
executed originals of IRS Form W-8IMY (or any successor form), accompanied by IRS Form W-8ECI (or any successor form), IRS Form W-8BEN (or any successor form), a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2
or Exhibit H-3, IRS Form W-9 (or any successor form), and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or
more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such
direct and indirect partner; 
 (C) any Foreign Lender shall, to the extent it is legally entitled to do so,
deliver to Borrower and Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter at the times prescribed by
applicable Law or upon the reasonable request of Borrower or Agent), executed originals of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together
with such supplementary documentation as may be prescribed by applicable Law to permit Borrower or Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax
imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall
deliver to Borrower and Agent at the time or times prescribed by law and at such time or times reasonably requested by Borrower or Agent such documentation prescribed by applicable Law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by Borrower or Agent as may be necessary for Borrower and Agent to comply with their obligations under FATCA and to determine that such
Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any
amendments made to FATCA after the date of this Agreement. 
 (iii) Each Lender agrees that if
any form or certification it previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify Borrower and Agent in writing
of its legal inability to do so. 
 (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time
shall Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such
Lender or the L/C Issuer, as the case may be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any
Loan Party has paid additional amounts pursuant to this Section 3.01, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan
Party under this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, as the case may be, and without interest (other

  
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than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Loan Party, upon the request of the Recipient, agrees to repay the amount paid
over to the Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding
anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to the Loan Party pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax
position than such Recipient would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This subsection shall not be construed to require the Recipient to make available its tax returns
(or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person. 
 (g) Survival.
Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of Agent or any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the Commitments and
the repayment, satisfaction or discharge of all other Obligations. 
 3.02 Illegality. If any Lender determines that any Law has made
it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate or the LIBOR Daily Floating Rate,
or to determine or charge interest rates based upon the Eurodollar Rate or the LIBOR Daily Floating Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of,
Dollars in the London interbank market, then, on notice thereof by such Lender to Borrower through Agent, (a) any obligation of such Lender to make or continue Eurodollar Rate Loans or the LIBOR Daily Floating Rate or to convert Loans to
Eurodollar Rate Loans or to the LIBOR Daily Floating Rate shall be suspended, and (b) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the
Eurodollar Rate component of the Base Rate, the interest rate on such Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by Agent without reference to the Eurodollar Rate component of the Base Rate, in each
case until such Lender notifies Agent and Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (i) Borrower shall, upon demand from such Lender (with a copy to Agent), prepay or, if
applicable, convert all Eurodollar Rate Loans and all LIBOR Daily Floating Rate Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by Agent
without reference to the Eurodollar Rate component of the Base Rate), either (A) in the case of LIBOR Daily Floating Rate Loans, immediately, or (B) in the case of Eurodollar Rate Loans, on the last day of the Interest Period therefor, if
such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans, and (ii) if such notice asserts the illegality of such Lender
determining or charging interest rates based upon the Eurodollar Rate, Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurodollar Rate component thereof until Agent is advised
in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar Rate. Upon any such prepayment or conversion, Borrower shall also pay accrued interest on the amount so prepaid or
converted. 
 3.03 Inability to Determine Rates. If in connection with any request for a Eurodollar Rate Loan or a conversion to or
continuation thereof, (a) Agent determines that (i) Dollar deposits are not being offered to banks in the interbank Eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, or (ii) adequate and
reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan (in each case with respect to
clause (a)(i) above, “Impacted Loans”), or (b) Agent or the Required Lenders determine that for any reason the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate
Loan does not 

  
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adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Rate Loan, Agent will promptly so notify Borrower and each Lender. Thereafter, (x) the obligation of the
Lenders to make or maintain Eurodollar Rate Loans shall be suspended, (to the extent of the affected Eurodollar Rate Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the
Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until Agent upon the instruction of the Required Lenders revokes such notice. Upon receipt of
such notice, Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods) or, failing that, will be deemed to have
converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 
 Notwithstanding
the foregoing, if Agent has made the determination described in clause (a)(i) of this Section, Agent, in consultation with Borrower and the affected Lenders, may establish an alternative interest rate for the Impacted Loans, in which
case, such alternative rate of interest shall apply with respect to the Impacted Loans until (1) Agent revokes the notice delivered with respect to the Impacted Loans under clause (a) of the first sentence of this section,
(2) Agent or the Required Lenders notify Agent and Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (3) any Lender determines that any Law has
made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to such alternative rate of interest or
to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing and provides Agent and Borrower written notice thereof.

 3.04 Increased Costs; Reserves on Eurodollar Rate Loans. 

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

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate) or the L/C Issuer; 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in
clauses (a)(i), (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its
deposits, reserves, other liabilities or capital attributable thereto; or 
 (iii) impose on any Lender or the
L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan the interest
on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of
maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon
request of such Lender or the L/C Issuer, Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs
incurred or reduction suffered. 

  
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 (b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change in
Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of
return on such Lender’s or the L/C Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or
participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company
could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy and
liquidity), then from time to time Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding
company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer setting
forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to Borrower shall
be conclusive absent manifest error. Borrower shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing
provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided that Borrower shall not be required to compensate a Lender or the L/C
Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine (9) months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies Borrower of the
Change in Law giving rise to such increased costs or reductions and of such Lender’s or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the nine (9) month period referred to above shall be extended to include the period of retroactive effect thereof). 

3.05 Compensation for Losses. Upon demand of any Lender (with a copy to Agent) from time to time, Borrower shall promptly compensate
such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 
 (a) any continuation,
conversion, payment or prepayment of any Loan other than a LIBOR Daily Floating Rate Loan or Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or
otherwise); 
 (b) any failure by Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or
convert any Loan other than a LIBOR Daily Floating Rate Loan or Base Rate Loan on the date or in the amount notified by Borrower; or 

(c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a
request by Borrower pursuant to Section 11.13; 
 including any loss of anticipated profits and any loss or expense arising from
the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. Borrower shall also pay any customary administrative fees charged by such Lender in
connection with the foregoing. 

  
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 For purposes of calculating amounts payable by Borrower to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London
interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. 

3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or requires
Borrower to pay any Indemnified Taxes or additional amounts to any Lender, the L/C Issuer, or any Governmental Authority for the account of any Lender or the L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice
pursuant to Section 3.02, then at the request of Borrower, such Lender or the L/C Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign
its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or the L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or
the L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or the L/C Issuer, as the case may be. Borrower hereby agrees to pay all reasonable costs and expenses incurred by any
Lender or the L/C Issuer in connection with any such designation or assignment. 
 (b) Replacement of Lenders. If any Lender requests
compensation under Section 3.04, or if Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and,
in each case, such Lender has declined or is unable to designate a different lending office in accordance with subsection (a), Borrower may replace such Lender in accordance with Section 11.13. 

3.07 Survival. All of Borrower’s obligations under this Article III shall survive termination of the
Aggregate Commitments, repayment of all other Obligations hereunder, resignation of Agent and the Facility Termination Date. 

ARTICLE IV 
 CONDITIONS PRECEDENT
TO CREDIT EXTENSIONS 
 4.01 Conditions of Initial Credit Extension. The obligation of the L/C Issuer and each Lender to make its
initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 
 (a) Execution of Credit Agreement;
Loan Documents. Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a
Note executed by a Responsible Officer of Borrower, (iii) counterparts of each Security Agreement, each Pledge Agreement, and any other documents and instruments required by Agent in connection therewith, and each other Collateral Document
required by Agent to be delivered on the Closing Date, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan
Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto. 

  
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 (b) Officer’s Certificate. Agent shall have received (i) a certificate of a
secretary of each Loan Party in form and substance reasonably acceptable to Agent and its counsel, dated the Closing Date and certifying as to the Organization Documents of such Loan Party (which, to the extent filed with a Governmental Authority,
shall be certified as of a recent date by such Governmental Authority), the resolutions of the governing body of each Loan Party and of the incumbency of the Responsible Officers of each Loan Party and (ii) the good standing, existence or its
equivalent of each Loan Party. 
 (c) Legal Opinions of Counsel. Agent shall have received an opinion or opinions (including, if
requested by Agent, local counsel opinions) of counsel for the Loan Parties, dated the Closing Date and addressed to Agent and the Lenders, in form and substance reasonably acceptable to Agent. 

(d) Financial Statements. Agent and the Lenders shall have received copies of the financial statements referred to in
Section 5.05, each in form and substance reasonably satisfactory to each of them. 
 (e) Personal Property
Collateral. Agent shall have received, in form and substance reasonably satisfactory to Agent: 
 (i) (A) searches of UCC
filings in the jurisdiction of incorporation or formation, as applicable, of each Loan Party and, to the extent requested by Agent, each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect
Agent’s security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Liens and (B) tax lien, judgment and bankruptcy searches; 

(ii) completed UCC financing statements for each appropriate jurisdiction as is necessary, in Agent’s sole discretion, to
perfect Agent’s security interest in the Collateral; 
 (iii) stock or membership certificates, if any, evidencing the
Pledged Collateral and undated stock or transfer powers duly executed in blank, in each case to the extent such Pledged Collateral is certificated; 

(iv) in the case of any personal property Collateral located at premises leased by a Loan Party and set forth on
Schedule 5.21(g)(ii), such estoppel letters, consents and waivers from the landlords of such real property to the extent required to be delivered in connection with Section 6.13(b) (such letters, consents and waivers
shall be in form and substance reasonably satisfactory to Agent); and 
 (v) to the extent required to be
delivered pursuant to the terms of the Collateral Documents, all instruments, documents and chattel paper in the possession of any of the Loan Parties, together with allonges or assignments as may be necessary or appropriate to perfect Agent’s
and the Lenders’ security interest in the Collateral. 
 (f) Liability, Casualty, Property, and Terrorism. Agent shall have
received copies of insurance policies, declaration pages, certificates, and endorsements of insurance or insurance binders evidencing liability, casualty, property, and terrorism insurance meeting the requirements set forth herein or in the
Collateral Documents. 
 (g) Officer’s Closing Certificate. Agent shall have received a certificate or certificates executed by a
Responsible Officer of Borrower as of the Closing Date, certifying as to the financial condition, solvency and related matters of Borrower and its Subsidiaries, after giving effect to the initial borrowings under the Loan Documents and the other
transactions contemplated hereby. 

  
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 (h) Loan Notice. Agent shall have received a Loan Notice with respect to the Loans to be
made on the Closing Date. 
 (i) Specified Property. Agent shall have received a letter from Borrower in form and substance
satisfactory to Agent designating the Specified Property. 
 (j) Existing Indebtedness of the Loan Parties. All of the existing
Indebtedness for borrowed money of Borrower and its Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 7.02) shall be repaid in full and all security interests related thereto shall be terminated on or
prior to the Closing Date. 
 (k) Consents. Agent shall have received evidence that all boards of directors, governmental, shareholder
and material third party consents and approvals necessary in connection with the entering into of this Agreement have been obtained. 
 (l)
Fees and Expenses. Agent and the Lenders shall have received all fees and expenses, if any, owing pursuant to the Loan Documents. 

(m) Due Diligence. The Lenders shall have completed a due diligence investigation of Borrower and its Subsidiaries in scope, and with
results, satisfactory to the Lenders. 
 Without limiting the generality of the provisions of the last paragraph of
Section 9.03, for purposes of determining compliance with the conditions specified in this Section, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with,
each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection
thereto. 
 4.02 Conditions to all Credit Extensions. The obligation of each Lender and the L/C Issuer to honor any
Request for Credit Extension is subject to the following conditions precedent: 
 (a) The representations and warranties of
Borrower and each other Loan Party contained in Article II, Article V or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall (i) with respect to
representations and warranties that contain a materiality qualification, be true and correct on and as of the date of such Credit Extension and (ii) with respect to representations and warranties that do not contain a materiality qualification,
be true and correct in all material respects on and as of the date of such Credit Extension, except, in each case, to the extent such representations and warranties specifically relate to an earlier date, in which case they shall be true and correct
in all respects or in all material respects, as applicable, as of such earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in Sections 5.05(a) and
(b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b), respectively. 

(b) No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof. 

(c) Agent and, if applicable, the L/C Issuer or the Swingline Lender, shall have received a Request for Credit Extension in accordance with the
requirements hereof. 

  
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 Each Request for Credit Extension submitted by Borrower shall be deemed to be a representation and
warranty that the conditions specified in Sections (a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 

ARTICLE V 
 REPRESENTATIONS AND
WARRANTIES 
 Borrower represents and warrants to Agent and the Lenders, as of the date made or deemed made, that: 

5.01 Existence, Qualification and Power. Each Loan Party and each Subsidiary thereof (a) is duly organized or formed, validly
existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to
(i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good
standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i), or
(c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 5.02
Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is party, have been duly authorized by all necessary corporate or other organizational action, and do not
and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under
(i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral
award to which such Person or its property is subject; or (c) violate any Law. 
 5.03 Governmental Authorization; Other
Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or
performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or maintenance of the
Liens created under the Collateral Documents (including the required priority thereof) or (d) the exercise by Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral
Documents, other than (i) authorizations, approvals, actions, notices and filings which have been duly obtained and (ii) filings to perfect and maintain the Liens created by the Collateral Documents and (iii) actions required by
applicable Law in connection with the enforcement of any Lien or security interest or foreclosure on the Collateral subject thereto. 
 5.04
Binding Effect. This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document
when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, except as enforceability may be limited by Debtor Relief Laws and by
general principles of equity. 

  
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 5.05 Financial Statements; No Material Adverse Effect. 

(a) The Audited Financial Statements for the fiscal year ending December 31, 2012, and when delivered for each fiscal year thereafter
(i) were prepared in accordance with GAAP or IFRS as the case may be, in each case consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the
financial condition of Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP or IFRS, as applicable, in each case consistently applied throughout the period
covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other material liabilities, direct or contingent, of Borrower and its Subsidiaries as of the date thereof, including liabilities for
material taxes, commitments and Indebtedness. 
 (b) The unaudited consolidated balance sheet of Borrower and its Subsidiaries
dated June 30, 2013, and the related consolidated statements of income or operations, shareholders’ equity, and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP or IFRS as the case may be,
in each case consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of Borrower and its Subsidiaries as of the date
thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 

(c) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that
has had or could reasonably be expected to have a Material Adverse Effect. 
 5.06 Litigation. There are no actions, suits,
proceedings, claims or disputes pending or, to the knowledge of the Loan Parties after due inquiry, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any Subsidiary or
against any of their properties or revenues that (a) affect or pertain to this Agreement or any other Loan Document or any of the transactions contemplated hereby, or (b) either individually or in the aggregate could reasonably be expected
to have a Material Adverse Effect. 
 5.07 No Default. Neither any Loan Party nor any Subsidiary thereof is in default under or with
respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions
contemplated by this Agreement or any other Loan Document. 
 5.08 Ownership of Property; Liens. Each Loan Party and each of its
Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. The property of each Loan Party and its Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.01. 

5.09 Environmental Compliance. 

(a) There are no claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses,
operations and properties, and as a result thereof the Loan Parties have reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 (b) None of the properties currently or formerly owned or operated by any Loan Party or any of
its Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property; there are no and never have been any underground or above-ground storage tanks or any
surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on any property currently owned or operated by any Loan Party or any of its Subsidiaries or, to the best of
the knowledge of the Loan Parties, on any property formerly owned or operated by any Loan Party or any of its Subsidiaries; there is no asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or any of
its Subsidiaries; and Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries. 

(c) Neither any Loan Party nor any of its Subsidiaries is undertaking, and has not completed, either individually or together with other
potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or
pursuant to the order of any Governmental Authority or the requirements of any Environmental Law; and all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or
operated by any Loan Party or any of its Subsidiaries have been disposed of in a manner not reasonably expected to result in material liability to any Loan Party or any of its Subsidiaries. 

5.10 Insurance. The properties of Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies
not Affiliates of Borrower, in such amounts (after giving effect to any self-insurance compatible with the following standards), with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and
owning similar properties in localities where the applicable Loan Party or the applicable Subsidiary operates. The insurance policies of the Loan Parties comply with the requirements set forth in this Agreement and the other Loan Documents. 

5.11 Taxes. Each Loan Party and its Subsidiaries have filed all federal, state and other material tax returns and reports required to
be filed, and have paid all federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are (i) not
yet delinquent or (ii) being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or IFRS, as applicable. No Loan Party has received a written notice
from any Governmental Authority proposing a tax assessment against any Loan Party or any Subsidiary that could reasonably be expected to have a Material Adverse Effect, nor is there any tax sharing agreement applicable to Borrower or any Subsidiary
that could reasonably be expected to result in a Material Adverse Effect. 
 5.12 ERISA Compliance. 

(a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other federal or
state laws. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter or is subject to a favorable opinion letter from the IRS to the effect that the
form of such Plan is qualified under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the
Code, or an application for such a letter is currently being processed by the IRS. To the best knowledge of the Loan Parties, nothing has occurred that would reasonably be expected to prevent or cause the loss of such tax-qualified status.

  
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 (b) There are no pending or, to the best knowledge of the Loan Parties, threatened claims,
actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules
with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) (i)
No ERISA Event has occurred, and no Loan Party nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan or Multiemployer Plan;
(ii) each Loan Party and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied
for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and no Loan Party nor any ERISA
Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation date; (iv) no Loan Party nor any ERISA
Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (v) no Loan Party nor any ERISA Affiliate has engaged in a transaction that could
be subject to Section 4069 or Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists
that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan. 

(d) With respect to any Foreign Benefit Arrangement, all material contributions required to be made by a Loan Party or any ERISA Affiliate or
any employee of such a person that are required by law or by the terms of the arrangement have been made, or if applicable, accrued in accordance with applicable law and normal accounting practices of such person, each such arrangement that is
administered by a Loan Party or an ERISA Affiliate required to be registered has been registered and maintained in good standing with regulatory authorities, and each such arrangement is in material compliance with applicable law and the terms of
the arrangement. 
 5.13 Margin Regulations; Investment Company Act. 

(a) Margin Regulations. Borrower is not engaged and will not engage, principally or as one of its important activities, in the business
of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. 

(b) Investment Company Act. None of Borrower, any Person Controlling Borrower, or any Subsidiary is, or is required to be registered as,
an “investment company” under the Investment Company Act of 1940. 
 5.14 Disclosure. Borrower has disclosed to
Agent and the Lenders (a) all agreements, instruments and corporate or other restrictions to which it or any other Loan Party is subject, and (b) all other matters known to it, in each case that, individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect. No written report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of any Loan Party to Agent or any Lender in connection
with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each case as modified or supplemented by other information so furnished) contains any material misstatement
of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information,
each Loan Party represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time (it being understood that actual results may vary and that such variances could be material). 

  
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 5.15 Compliance with Laws. Each Loan Party and each Subsidiary thereof is in compliance
with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in
good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

5.16 Solvency. Borrower and its Subsidiaries, on a Consolidated basis, are Solvent. 

5.17 Casualty, Etc. Neither the businesses nor the properties of any Loan Party or any of its Subsidiaries are affected by any fire,
explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect 
 5.18 OFAC. No Loan Party, nor, to the knowledge of any Loan Party,
any Related Party, (a) is currently the subject of any Sanctions, (b) is located, organized or residing in any Designated Jurisdiction, or (c) is or has been (within the previous five (5) years) engaged in any transaction with
any Person who is now or was then the subject of Sanctions or who is located, organized or residing in any Designated Jurisdiction (excluding only the “Potential Violation” as such term is defined in the Third Amendment to Existing
Credit Agreement). No Loan, nor the proceeds from any Loan, has been used, directly or indirectly, to lend, contribute, provide or has otherwise made available to fund any activity or business in any Designated Jurisdiction or to fund any activity
or business of any Person located, organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions, or in any other manner that will result in any violation by any Person (including any Lender, Agent, L/C Issuer or
Swingline Lender) of Sanctions. 
 5.19 [Intentionally Omitted]. 

5.20 Subsidiaries; Equity Interests; Loan Parties. 

(a) Subsidiaries, Joint Ventures, Partnerships and Equity Investments. Set forth on Schedule 5.20(a) a complete and
accurate list of: (i) all Subsidiaries, joint ventures and partnerships and other equity investments of the Loan Parties as of the Closing Date; and (ii) the ownership of shares of each class of Equity Interests in each such Subsidiary
outstanding on the Closing Date. The outstanding Equity Interests in all Subsidiaries are validly issued, fully paid and non-assessable and are owned free and clear of all Liens (other than Permitted Liens). 

(b) Loan Parties. Set forth on Schedule 5.20(b) is a complete and accurate list of all Loan Parties, showing
as of the Closing Date (as to each Loan Party), (i) the exact legal name, (ii) any former legal names of such Loan Party in the four (4) months prior to the Closing Date, (iii) the jurisdiction of its incorporation or
organization, as applicable, (iv) the type of organization, (v) the jurisdictions in which such Loan Party is qualified to do business, (vi) the address of its chief executive office, (vii) the address of its principal place of
business, (viii) its U.S. federal taxpayer identification number or, in the case of any non-U.S. Loan Party that does not have a U.S. taxpayer identification number, its unique identification number issued to it by the jurisdiction of its
incorporation or organization, (ix) the organization identification number, and (x) other than with respect to Borrower, ownership information (e.g. publicly held or if private or partnership, the owners and partners of each of the Loan
Parties). 

  
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 5.21 Intellectual Property; Licenses, Etc. Borrower and its Subsidiaries own, or possess
the right to use, all of the material trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights that are reasonably necessary for the operation of their respective
businesses, without conflict with the rights of any other Person. To the knowledge of Borrower, no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by
Borrower or any Subsidiary infringes upon any rights held by any other Person, except to the extent the same, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding
any of the foregoing is pending or, to the best knowledge of Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

ARTICLE VI 
 AFFIRMATIVE COVENANTS

 Each of the Loan Parties hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination Date, such
Loan Party shall, and shall cause each of their Subsidiaries to: 
 6.01 Financial Statements. Deliver to Agent, in form and detail
satisfactory to Agent: 
 (a) Audited Financial Statements. As soon as available, but in any event within 120 days after the end
of each fiscal year of Borrower, a Consolidated balance sheet of Borrower and its Subsidiaries as at the end of such fiscal year, and the related Consolidated statements of income or operations, changes in shareholders’ equity and cash flows
for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with, at Borrower’s option, GAAP or IFRS, such Consolidated statements to be
audited and accompanied by a report and opinion of Deloitte & Touche or of an independent certified public accountant of nationally recognized standing or otherwise reasonably acceptable to Agent, which report and opinion shall be prepared
in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit (provided that the
requirements of this subsection (a) with respect to the delivery of financial statements for any fiscal year shall be deemed satisfied by publicly filing Borrower’s Form 10-K for such fiscal year with the SEC, and such
financial statements shall be deemed to have been delivered to Agent under this subsection (a) on the date such Form 10-K has been posted on the SEC website accessible through http://www.sec.gov/edgar/searchedgar/webusers.htm or
such successor webpage of the SEC thereto). 
 (b) Quarterly Financial Statements. As soon as available, but in any event within
45 days after the end of each fiscal quarter of Borrower, a Consolidated balance sheet of Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related Consolidated statements of income or operations for the portion of
Borrower’s fiscal year then ended, all in reasonable detail, such Consolidated statements to be certified by the chief executive officer, chief financial officer, treasurer or controller of Borrower as fairly presenting in all material respects
the financial condition and results of operations of Borrower and its Subsidiaries in accordance with, at Borrower’s option, GAAP or IFRS, subject only to normal year-end audit adjustments and the absence of footnotes (provided that the
requirements of this subsection (b) with respect to the delivery of financial statements for any fiscal quarter shall be deemed satisfied by publicly filing Borrower’s Form 10-Q for such fiscal quarter with the SEC, and such
financial statements shall be deemed to have been delivered to Agent under this subsection (b) on the date such Form 10-Q has been posted on the SEC website accessible through http://www.sec.gov/edgar/searchedgar/webusers.htm or
such successor webpage of the SEC thereto). 

  
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 As to any information contained in materials furnished pursuant to
Section 6.02(f), Borrower shall not be separately required to furnish such information under subsection (a) or (b) above, but the foregoing shall not be in derogation of the obligation of
Borrower to furnish the information and materials described in Sections (a) and (b) above at the times specified therein. 

6.02 Certificates; Other Information. Deliver to Agent, in form and detail satisfactory to Agent and the Required Lenders: 

(a) Compliance Certificate. Concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and
(b), a duly completed Compliance Certificate signed by a Responsible Officer of Borrower, which shall disclose any material change in accounting policies or financial reporting practices by Borrower or any Subsidiary, if any. 

(b) Changes in Name, Etc. Provide notice to Agent at least five (5) days prior to (or such extended period of time as agreed to by
Agent) any change in any Loan Party’s legal name, state of organization, or organizational existence. 
 (c) Audit Reports;
Management Letters; Recommendations. Promptly after any request by Agent or any Lender, copies of any final audit reports or management letters submitted to the board of directors (or the audit committee of the board of directors) of any Loan
Party by independent accountants in connection with the accounts or books of any Loan Party or any of its Subsidiaries, or any audit of any of them. 

(d) Annual Reports; Etc. Promptly after the same are available, copies of each annual report, proxy or financial statement or other
report or communication sent to the stockholders of Borrower, and copies of all annual, regular, periodic and special reports and registration statements which Borrower may file or be required to file with the SEC under Section 13 or
15(d) of the Securities Exchange Act of 1934, or with any national securities exchange, and in any case not otherwise required to be delivered to Agent pursuant hereto. 

(e) Debt Securities Statements and Reports. Promptly after the furnishing thereof, copies of any statement or report furnished to any
holder of debt securities of any Loan Party or of any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to
Section 6.01 or any other clause of this Section. 
 (f) SEC Notices. Promptly, and in any event within five
(5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation
or possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof. 

(g) Additional Information. Promptly, such additional information regarding the business, financial, governance or corporate affairs of
any Loan Party or any Subsidiary thereof, or compliance with the terms of the Loan Documents, as Agent or any Lender may from time to time reasonably request. 

  
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 Documents required to be delivered pursuant to Section 6.01(a) or
(b) or subsection (e) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the
date (a) on which Borrower posts such documents, or provides a link thereto on Borrower’s website on the Internet at the website address listed on Schedule 1.01(a); or (b) on which such documents are posted on
Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and Agent have access (whether a commercial, third-party website or whether sponsored by Agent); provided that:
(i) Borrower shall deliver paper copies of such documents to Agent upon Agent’s or any Lender’s request to Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by Agent or such Lender
and (ii) Borrower shall notify Agent and each Lender (by fax transmission or other electronic mail transmission) of the posting of any such documents and provide to Agent by electronic mail electronic versions (i.e., soft copies) of such
documents. Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by Borrower with any such request by a Lender
for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

Borrower hereby acknowledges that (A) Agent, Arranger and/or an Affiliate thereof may, but shall not be obligated to, make available to the
Lenders and the L/C Issuer materials and/or information provided by or on behalf of Borrower hereunder (collectively, “Borrower Materials”) by posting Borrower Materials on Debt Domain, IntraLinks, Syndtrak or another similar
electronic system (the “Platform”) and (B) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to Borrower
or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. Borrower hereby agrees that it will use commercially
reasonable efforts to identify that portion of Borrower Materials that may be distributed to the Public Lenders and that (1) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall
mean that the word “PUBLIC” shall appear prominently on the first page thereof; (2) by marking Borrower Materials “PUBLIC,” Borrower shall be deemed to have authorized Agent, any Affiliate thereof, the Arranger, the L/C
Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to Borrower or its securities for purposes of United States federal and state
securities laws (provided however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 11.07); (3) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (4) Agent, Arranger, and any Affiliate thereof shall be entitled to treat any Borrower Materials that
are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” Notwithstanding the foregoing, Borrower shall be under no obligation to mark any Borrower Materials
“PUBLIC”. 
 6.03 Notices. Promptly notify Agent and each Lender: 

(a) of the occurrence of any Default; 

(b) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or
non-performance of, or any default under, a Contractual Obligation of Borrower or any Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between Borrower or any Subsidiary and any Governmental Authority; or
(iii) the commencement of, or any material development in, any litigation or proceeding affecting Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws; 

(c) of the occurrence of any ERISA Event; and 

(d) of any material change in accounting policies or financial reporting practices by any Loan Party or any Subsidiary thereof,
including any determination by Borrower referred to in Section 2.10(b). 

  
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 Each notice pursuant to this Section 6.03 shall be accompanied
by a statement of a Responsible Officer of Borrower setting forth details of the occurrence referred to therein and, to the extent applicable, stating what action Borrower has taken and proposes to take with respect thereto. Each notice pursuant to
subsection (a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

6.04 Payment of Obligations. Pay and discharge before the same shall become delinquent, all its obligations and liabilities, including
(a) all tax liabilities, assessments and governmental charges or levies in excess of the Threshold Amount in the aggregate upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings
diligently conducted and adequate reserves in accordance with GAAP or IFRS, as applicable, are being maintained by Borrower or such Subsidiary; (b) all lawful claims in excess of the Threshold Amount which, if unpaid, would by law become a Lien
upon any of its property; and (c) all Indebtedness for borrowed money with a principal amount in excess of the Threshold Amount, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement
evidencing such Indebtedness. 
 6.05 Preservation of Existence, Etc. 

(a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the
jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05; 

(b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal
conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and 

(c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably
be expected to have a Material Adverse Effect. 
 6.06 Maintenance of Properties. 

(a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working
order and condition, ordinary wear and tear excepted; and 
 (b) make all necessary repairs thereto and renewals and replacements thereof
except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 6.07 Maintenance of
Insurance. 
 (a) Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of
Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any
self-insurance compatible with the following standards) as are customarily carried under similar circumstances by such other Persons, including, without limitation, terrorism insurance. 

(b) Evidence of Insurance. Cause Agent to be named as lenders’ loss payable, loss payee or mortgagee, as its interest may appear,
and/or additional insured with respect of any such insurance providing liability coverage or coverage in respect of any Collateral, and cause, unless otherwise agreed to by Agent, each provider of any such insurance to agree, by endorsement upon the
policy or policies issued by it or by independent instruments furnished to Agent that it will give Agent thirty (30) days prior 

  
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written notice before any such policy or policies shall be altered or cancelled (or ten (10) days prior notice in the case of cancellation due to the nonpayment of premiums). Annually,
promptly following expiration of current insurance coverage, the Loan Parties shall provide, or cause to be provided, to Agent, such evidence of insurance as required by Agent, including, but not limited to: (i) certified copies of such
insurance policies, (ii) evidence of such insurance policies (including, without limitation and as applicable, ACORD Form 28 certificates (or similar form of insurance certificate), and ACORD Form 25 certificates (or similar form of insurance
certificate)), (iii) declaration pages for each insurance policy and (iv) lender’s loss payable endorsement if Agent for the benefit of the Secured Parties is not on the declarations page for such policy. As requested by Agent, the
Loan Parties agree to deliver to Agent an authorization to share insurance information in such form as may be required from time to time by each of the Loan Parties’ insurance companies. 

6.08 Compliance with Laws. Comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or
to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply
therewith could not reasonably be expected to have a Material Adverse Effect. 
 6.09 Books and Records. 

(a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP or IFRS, as applicable, in
each case consistently applied, shall be made of all financial transactions and matters involving the assets and business of such Loan Party or such Subsidiary, as the case may be; and 

(b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having
regulatory jurisdiction over such Loan Party or such Subsidiary, as the case may be. Borrower shall maintain at all times books and records pertaining to the Collateral in such detail, form and scope as Agent or any Lender shall reasonably require.

 6.10 Inspection Rights. Permit representatives and independent contractors of Agent and each Lender to visit and inspect any of
its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the
expense of Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to Borrower; provided however, that, excluding any such visits and inspections during the
continuation of an Event of Default, Agent (who may be accompanied by any Lender at such Lender’s option and sole expense), may exercise rights under this Section 6.10 no more often than two (2) times during any calendar
year and only one (1) such time shall be at the expense of Borrower, absent the existence and continuation of an Event of Default; provided further, that when an Event of Default exists Agent or any Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the sole expense of Borrower at any time during normal business hours, without advance notice, and without restriction as to the number of visits per year. Agent and the
Lenders shall give Borrower the opportunity to participate in any discussions they may have with Borrower’s accountants. 
 6.11 Use
of Proceeds. Use the proceeds of the Credit Extensions to refinance existing Indebtedness, for working capital, to make capital expenditures and to finance Acquisitions made by Borrower or any of its Subsidiaries, in each case not in
contravention of any Law or of any Loan Document. 

  
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 6.12 Additional Guarantors; Pledge of Equity of Foreign Subsidiaries. Notify Agent at the
time that any Person becomes a Subsidiary, and promptly thereafter (and in any event within 30 days), unless otherwise agreed to by Agent in writing: 

(a) with respect to each Significant Subsidiary that is neither a CFC nor owned or deemed to be owned for U.S. federal tax purposes by a CFC,
(i) cause such Subsidiary to become a Guarantor by executing and delivering to Agent a Guaranty, (ii) cause Borrower or any Guarantor to pledge all of their respective Equity Interests in such Significant Subsidiary, and (iii) cause
such Significant Subsidiary to execute a security agreement granting a lien on substantially all of its assets in the form executed by the Guarantors on the Closing Date, or to execute such other documents and instruments requested by Agent in its
reasonable discretion; 
 (b) with respect to each Subsidiary that becomes a Material Foreign Subsidiary of Borrower after the Closing Date,
pledge 65% of its Equity Interests in such Material Foreign Subsidiary to Agent by executing a pledge agreement in the form executed by Borrower on the Closing Date, and to provide such evidence that such security interest has been recorded and is
enforceable under the laws of the applicable foreign jurisdiction if requested by Agent in its reasonable discretion; and 

(c) deliver to Agent documents of the types referred to in Sections 4.01(b) – (g), (j) and
6.13 and, if requested by Agent, opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in subsection (a)),
all in form, content and scope reasonably satisfactory to Agent. 
 For the avoidance of doubt, no CFC or Foreign Subsidiary shall be required
to execute a Guaranty. 
 6.13 Covenant to Give Security. 

(a) Equity Interests and Personal Property. Each Loan Party will cause the Pledged Collateral and all of its tangible and intangible
personal property now owned or hereafter acquired by it to be subject at all times to a first priority, perfected Lien (subject to Permitted Liens to the extent permitted by the Loan Documents) in favor of Agent for the benefit of the Secured
Parties to secure the Secured Obligations pursuant to the terms and conditions of the Collateral Documents. Each Loan Party shall provide opinions of counsel (if requested by Agent) and any filings and deliveries reasonably necessary in connection
therewith to perfect the security interests therein, all in form and substance reasonably satisfactory to Agent. 
 (b) Landlord
Waivers. In the case of the chief executive office and each headquarter location of the Loan Parties, the Loan Parties will provide Agent with such estoppel letters, consents and waivers from the landlords on such real property, in each case,
solely to the extent (i) requested by Agent and (ii) the Loan Parties are able to secure such letters, consents and waivers after using commercially reasonable efforts (such letters, consents and waivers shall be in form and substance
reasonably satisfactory to Agent, it being acknowledged and agreed that any landlord waiver shall be in form and substance reasonably satisfactory to Agent). 

(c) Account Control Agreements. Each of the Loan Parties shall not open, maintain or otherwise have any deposit or other accounts
(including securities accounts) at any bank or other financial institution, or any other account where money or securities are or may be deposited or maintained with any Person, other than (i) the accounts set forth on Schedule
6.14 and designated as unrestricted accounts; provided that the aggregate balance in all such accounts does not exceed $1,000,000, (ii) deposit accounts that are maintained at all times with depositary institutions as to which
Agent shall have received a Qualifying Control Agreement; provided that a Qualifying Control Agreement shall only be required for 

  
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deposit accounts that are maintained with Agent if requested by Agent or any Lender, (iii) securities accounts that are maintained at all times with financial institutions as to which
Agent shall have received, if requested, a Qualifying Control Agreement; provided that a Qualifying Control Agreement shall only be required for securities accounts that are maintained with Agent if requested by Agent or any Lender, and
(iv) deposit accounts established solely as payroll and other zero balance deposit accounts that are maintained with Bank of America or with any successor Administrative Agent, and other deposit accounts, so long as at any time the aggregate
balance in all such accounts does not exceed $250,000. 
 6.14 Principal Depository. To maintain Bank of America as each Loan
Party’s principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts. 

6.15 Further Assurances. Promptly upon reasonable request by Agent, or any Lender through Agent, (a) correct any material defect
or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such
further acts, deeds, certificates, assurances and other instruments as Agent, or any Lender through Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) to the
fullest extent permitted by applicable Law, subject any Loan Party’s or any of its Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents,
(iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm
more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with any Loan Document to which any Loan
Party or any of its Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so. 
 6.16 Keepwell Requirements.
Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under
this Agreement or any other Loan Document in respect of Swap Obligations (provided however, that each Qualified ECP Guarantor shall only be liable under this Section 6.16 for the maximum amount of such liability that can be
hereby incurred without rendering its obligations under this Section 6.16, or otherwise under this Agreement or any other Loan Document, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and
not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the full and final payment of the Obligations (other than contingent Obligations for which no claim has been
made), termination of the Commitments of all Lenders and L/C Issuers, and termination of all Letters of Credit (or cash collateralization thereof as acceptable to the applicable L/C Issuer). Each Qualified ECP Guarantor intends that this
Section 6.16 constitute, and this Section 6.16 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all purposes of
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 ARTICLE VII 

NEGATIVE COVENANTS 
 Each of the
Loan Parties hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination Date, no Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly: 

  
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 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of
its property, assets or revenues, whether now owned or hereafter acquired, except for the following (the “Permitted Liens”): 

(a) Liens pursuant to any Loan Document or securing any Secured Obligation; 

(b) Liens existing on the Closing Date and listed on Schedule 7.01 and any renewals or extensions thereof,
provided that (i) the property covered thereby is not changed (other than after-acquired property that is affixed to or incorporated in the property covered by such Lien), (ii) the amount secured or
benefited thereby is not increased except as contemplated by Section 7.02(b), (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured
or benefited thereby is permitted by Section 7.02(b); 
 (c) Liens for Taxes not yet past due or which are being
contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP or IFRS, as applicable; 

(d) Statutory Liens such as carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising in the ordinary course of business which are not overdue for a period of more than thirty (30) days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves or other provisions
with respect thereto are maintained on the books of the applicable Person; in accordance with GAAP or IFRS, as applicable; 
 (e) pledges or
deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 

(f) deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (g) easements, rights-of-way,
restrictions and other similar encumbrances affecting real property which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable
Person; 
 (h) Liens securing judgments for the payment of money (or appeal or other surety bonds relating to such judgments)
not constituting an Event of Default under Section 8.01(h); 
 (i) Liens securing Indebtedness permitted under
Section 7.02(e); provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness (other than after-acquired property that is affixed to or incorporated
in the property covered by such Lien), and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition; 

(j) leases, licenses, subleases or sublicenses granted to its customers in the ordinary course of business and in furtherance of the business
of Borrower and its Subsidiaries; 
 (k) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code
on items in the course of collection and (ii) in favor of a banking institution arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry; 

  
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 (l) Liens consisting of an agreement to Dispose of any property permitted under
Section 7.05, solely to the extent such Disposition is permitted on the date of the creation of such Lien; 

(m) Liens on property of any Foreign Subsidiary securing Indebtedness of such Foreign Subsidiary to the extent permitted under
Section 7.02; 
 (n) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods in the ordinary course of business; 
 (o) Liens securing
Indebtedness that is permitted under Section 7.02(k), provided that such secured Indebtedness does not exceed $3,500,000 at any time;  

(p) Liens on property of Nessco Group or any of its Subsidiaries securing Indebtedness that is permitted under
Section 7.02(l); and 
 (q) Liens on property of Borrower or any of its Subsidiaries securing
Indebtedness that is permitted under Section 7.02(m). 
 7.02 Indebtedness. Create, incur, assume or
suffer to exist any Indebtedness, except: 
 (a) Indebtedness under the Loan Documents and other Secured Obligations; 

(b) Indebtedness outstanding on the date hereof and listed on Schedule 7.02 and any refinancings, refundings,
renewals or extensions thereof; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable
premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder and (ii) the terms relating to principal amount,
amortization, maturity, collateral (if any) and subordination (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any instrument issued
in connection therewith, are no less favorable in any material respect to the Loan Parties or Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended; 

(c) Guarantees of Borrower or any Subsidiary in respect of Indebtedness otherwise permitted hereunder of Borrower or any Subsidiary; 

(d) obligations (contingent or otherwise) of Borrower or any Subsidiary existing or arising under any Swap Contract, provided that
(i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably
anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not contain any provision exonerating the
non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; 
 (e) Indebtedness in respect
of Capitalized Leases, Synthetic Lease Obligations and purchase money obligations for fixed or capital assets within the limitations set forth in Section 7.01(i); provided that the aggregate amount of all such Indebtedness
at any one time outstanding shall not exceed $6,000,000; 
 (f) Indebtedness that is approved by the Required Lenders in writing in their
sole discretion; 

  
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 (g) Indebtedness representing deferred compensation to key executive officers of Borrower and its
Subsidiaries in the ordinary course of business; 
 (h) Indebtedness consisting of promissory notes issued by any Loan Party to
current or former officers, directors and employees, their respective estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of Borrower permitted by Section 7.06(d); 

(i) Indebtedness consisting of a purchase price or similar adjustment which is incurred by Borrower or its Subsidiaries in
connection with any Disposition permitted under Section 7.05; 
 (j) Indebtedness in respect of netting services,
overdraft protection and similar treasury arrangements in each case in connection with deposit accounts; 
 (k) Indebtedness in
an aggregate principal amount not to exceed $7,500,000 at any one time outstanding, of which up to $3,500,000 may constitute, secured Indebtedness pursuant to Section 7.01(o);  

(l) Indebtedness owed by Nessco Group or any of its Subsidiaries to Clydesdale Bank PLC pursuant to the Clydesdale Bonding Facility Agreement
in an aggregate amount not to exceed £2,000,000 or the Dollar Equivalent thereof, at any time outstanding; 
 (m) Indebtedness of
Borrower or any of its Subsidiaries under the BofA Bonding Facility; 
 (n) Indebtedness permitted by
Section 7.03(c) or (k); and 
 (o) Indebtedness owed by Foreign Subsidiaries in an aggregate
principal amount not to exceed $7,500,000 at any time outstanding. 
 7.03 Investments. Make or hold any Investments, except: 

(a) Investments held by Borrower and its Subsidiaries in the form of cash or Cash Equivalents or short-term marketable debt securities; 

(b) advances to officers, directors and employees of Borrower and Subsidiaries (i) in an aggregate amount not to exceed $100,000 at any
time outstanding, for travel, entertainment, relocation and analogous ordinary business purposes, and (ii) after the Closing Date in an aggregate amount not to exceed $500,000 to enable such officers, directors and employees to pay taxes
incurred in connection with the exercise of cashless warrants and “penny” warrants; 
 (c) Investments (i) by Borrower and
other Loan Parties in any Subsidiary of Borrower that is not a Loan Party (or in any Person that will become a Subsidiary of Borrower (but not a Loan Party) upon such Investment), provided that the aggregate amount of all such Investments in
any fiscal year does not exceed $10,000,000, (ii) by any Loan Party or any Subsidiary in any Loan Party, and (iii) by Subsidiaries of Borrower that are not Loan Parties in Borrower or other Subsidiaries of Borrower; 

(d) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade
credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 

(e) Guarantees permitted by Section 7.02; 

  
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 (f) Investments existing on the date hereof and set forth on Schedule
7.03; 
 (g) promissory notes and other non-cash consideration received in connection with Dispositions
permitted under Section 7.05; 
 (h) Investments in the ordinary course of business consisting of endorsements
for collection or deposit; 
 (i) to the extent constituting Investments, transactions permitted under Sections 7.02,
7.04, 7.05 and 7.06;  
 (j) the Inmarsat Acquisition; 

(k) Investments by any Loan Party in RigNet Luxembourg Holdings in the form of intercompany loans and/or capital contributions made
substantially concurrent with the closing of the Inmarsat Acquisition or any other Acquisition permitted under this Agreement; 
 (l) any
Acquisition if (i) such Acquisition is not hostile, (ii) such Acquisition is of a Person engaged in a similar line of business as Borrower and its Subsidiaries, (iii) Target EBITDA (tested on a trailing twelve-month basis as of the
last day of the most recent month) is positive, and (iv) after giving effect thereto, the Consolidated Leverage Ratio (tested as of the last day of the most recent fiscal quarter) is less than (A) 2.75 to 1.00, if such Acquisition is
consummated on or prior to June 30, 2015, or (B) 2.25 to 1.00 thereafter; and 
 (m) so long as immediately after giving effect to
any such Investment no Event of Default has occurred and is continuing, other Investments not exceeding $3,000,000 in the aggregate for Borrower and its Subsidiaries in any fiscal year of Borrower. 

7.04 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person or Dispose of (whether in one transaction
or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom: 

(a) any Subsidiary may merge with (i) Borrower, provided that Borrower shall be the continuing or surviving Person, or
(ii) any one or more other Subsidiaries (including a merger the purpose of which is to reorganize such Subsidiary in a new jurisdiction), provided that when any wholly-owned Subsidiary is merging with another Subsidiary, the wholly-owned
Subsidiary shall be the continuing or surviving Person, and, provided further, that if a Guarantor is merging with another Subsidiary, the Guarantor shall be the surviving Person; and 

(b) any Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to Borrower or to another
Subsidiary; provided that if the transferor in such a transaction is a wholly-owned Subsidiary, then the transferee must either be Borrower or a wholly-owned Subsidiary and, provided further, that if the transferor of such assets is a
Guarantor, the transferee must either be Borrower or a Guarantor. 
 7.05 Dispositions. Make any Disposition, except: 

(a) Permitted Transfers; 

  
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 (b) Dispositions of obsolete or worn out property or property no longer used in the conduct of
business, whether now owned or hereafter acquired, in the ordinary course of business; 
 (c) Dispositions of equipment or real property to
the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement
property; 
 (d) Dispositions that constitute Investments permitted under Section 7.03; 

(e) Dispositions permitted by Sections 7.04 and 7.13; 

(f) a Sale and Leaseback Transaction with respect to the Specified Property; and 

(g) Dispositions not otherwise permitted under this Section 7.05; provided
that (i) at the time of such Disposition, no Event of Default shall exist or would result therefrom, (ii) the aggregate book value of all property Disposed in reliance on this clause (i) shall not exceed $5,000,000 in
any fiscal year and (iii) the purchase price for such property shall be paid to Borrower or such Subsidiary for not less than 75% cash consideration; 

provided that, any Disposition pursuant to subsection (a) (other than Dispositions permitted under clause (b) of
the definition of Permitted Transfers), (b), (c), (f) and (g) shall be for fair market value. 

To the extent any Collateral is Disposed of as expressly permitted by this Section 7.05, such Collateral shall be sold free and clear of
the Liens created by the Loan Documents, and Agent shall be authorized to and shall take any actions it deems appropriate in order to effectuate the foregoing. 

7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or
otherwise) to do so, except that: 
 (a) each Subsidiary may make Restricted Payments to Borrower, Guarantors and any other Person that owns
an Equity Interest in such Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 

(b) Borrower and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock or other
common Equity Interests of such Person; 
 (c) so long as no Default shall have occurred and be continuing or would result therefrom,
Borrower and each Subsidiary may purchase, redeem or otherwise acquire Equity Interests issued by it with the proceeds received from the substantially concurrent issue of new shares of its common stock or other common Equity Interests; 

(d) Borrower may either repurchase, redeem or otherwise acquire Equity Interests issued by it with cash or make dividend payments or other
distributions to its shareholders in cash; provided that (x) only one such repurchase, redemption, acquisition, dividend or distribution shall be permitted following the Closing Date, (y) the Consolidated Leverage Ratio shall not exceed
(A) 2.50 to 1.00, if such repurchase, redemption, acquisition, dividend or distribution occurs at any time on or prior to June 30, 2015, or (B) 2.00 to 1.00 thereafter, and (z) no Default shall have occurred and be continuing or
would result therefrom; 
 (e) so long as no Default shall have occurred and be continuing or would result therefrom, Borrower may repurchase
Equity Interests issued by it from directors, employees or members of management of Borrower or any Subsidiary (or their estate, family members, spouse and/or former spouses) after the Closing Date in an aggregate amount not in excess of $2,000,000;
and 

  
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 (f) so long as no Default shall have occurred and be continuing or would result therefrom,
Borrower may make repurchases of Equity Interests issued by it deemed to occur upon the exercise of cashless or penny warrants or employee stock options. 

7.07 Change in Nature of Business. Engage in any material line of business substantially different from those lines of business
conducted by Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto. 
 7.08
Transactions with Affiliates. Except as disclosed on Schedule 7.08, enter into any transaction of any kind with any Affiliate of Borrower, whether or not in the ordinary course of business, other than on fair and reasonable
terms substantially as favorable to Borrower or such Subsidiary as would be obtainable by Borrower or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate, provided that the foregoing
restriction shall not apply to intercompany transactions between or among Borrower and any of its Subsidiaries which are expressly permitted under Sections 7.02, 7.03, 7.04, 7.05 and 7.06. 

7.09 Burdensome Agreements. Enter into any Contractual Obligation (other than this Agreement, any other Loan Document, or any loan
agreements relating to the Indebtedness listed on Schedule 7.02) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to Borrower or any Guarantor or to otherwise transfer property to Borrower or any
Guarantor, (ii) of any Subsidiary to Guarantee the Indebtedness of Borrower or (iii) of Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person; provided that this subsection
(iii) shall not prohibit (x) any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under Section 7.02(e) solely to the extent any such negative pledge relates to the property
financed by or the subject of such Indebtedness, or (y) customary restrictions in leases, subleases, licenses, or asset sale agreements otherwise permitted under this Agreement so long as such restrictions relate solely to the assets subject
thereto; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person. 

7.10 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally
or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

 7.11 Financial Covenants. 

(a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of Borrower set forth below
to be greater than the ratio set forth below opposite such period: 
  

					
	 Measurement Periods
	  	Maximum
Consolidated
Leverage Ratio	 
	 Closing Date through June 30, 2015
	  	 	3.00 to 1.00	  
	 Each fiscal quarter thereafter
	  	 	2.50 to 1.00	  

  
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 (b) Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge
Coverage Ratio as of the end of any fiscal quarter of Borrower to be less than 1.25 to 1.00. 
 7.12 Fiscal Year and Accounting
Changes. 
 (a) change its fiscal year; or 

(b) make any change in accounting policies or reporting practices, except as required by GAAP or IFRS, as applicable, or as recommended by
Borrower’s independent public accountants based on their reasonable interpretation of GAAP or IFRS, as applicable. 
 7.13 Sale and
Leaseback Transactions. Enter into any Sale and Leaseback Transaction except (a) any Sale and Leaseback Transaction with respect to the Specified Property, or (b) with Agent’s prior written consent. 

7.14 Sanctions. Permit any Loan or the proceeds of any Loan, directly or indirectly, (a) to be lent, contributed or otherwise made
available to fund any activity or business in any Designated Jurisdiction; (b) to fund any activity or business of any Person located, organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions; or (c) in
any other manner that will result in any violation by any Person (including any Lender, Agent, Arranger the L/C Issuer or the Swingline Lender) of any Sanctions. 

ARTICLE VIII 
 EVENTS OF DEFAULT
AND REMEDIES 
 8.01 Events of Default. Any of the following shall constitute an Event of Default: 

(a) Non-Payment. Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal
of any Loan or (ii) within three (3) days after the same becomes due, (A) any L/C Obligation or deposit any funds as Cash Collateral in respect of L/C Obligations, (B) any interest on any Loan or on any L/C Obligation, or
(C) any fee due hereunder, or (iii) within five (5) days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or 

(b) Specific Covenants. Borrower fails to perform or observe any term, covenant or agreement contained in any of Sections 6.03
(a),6.05 (with respect to Borrower), 6.11 or Article VII, or any Guarantor fails to perform or observe any term, covenant or agreement contained in the Guaranty; or 

(c) Other Defaults. Any Loan Party fails to perform or observe (i) any term, covenant or agreement contained in
Section 6.01, and such failure continues for ten (10) days, or (ii) any other covenant or agreement (not specified in subsection (a), (b) or (c)(i) above) contained in any
Loan Document on its part to be performed or observed and such failure continues for thirty (30) days; or 
 (d) Representations and
Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or
therewith shall be incorrect or misleading in any material respect when made or deemed made; or 

  
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 (e) Cross-Default. (i) Any Loan Party or any Subsidiary thereof (A) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee of Indebtedness (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an
aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform
any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause,
or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated
maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of
default under such Swap Contract as to which a Loan Party or any Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which a Loan Party or any
Subsidiary thereof is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Loan Party or such Subsidiary as a result thereof is greater than the Threshold Amount; or 

(f) Insolvency Proceedings, Etc. Any Loan Party or any Subsidiary thereof institutes or consents to the institution of any proceeding
under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any
material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for
sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty
(60) calendar days, or an order for relief is entered in any such proceeding; or 
 (g) Inability to Pay Debts; Attachment.
(i) Any Loan Party or any Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or
levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded (A) for any Foreign Subsidiary within sixty (60) days after its issue of levy, and (B) for Borrower or any
Domestic Subsidiary, within thirty (30) days after its issue or levy; or 
 (h) Judgments. There is entered against any Loan
Party or any Subsidiary thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding the Threshold Amount (to the extent not covered by independent third-party
insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of (x) ten
(10) consecutive days for Borrower or any Domestic Subsidiary, or (y) 60 consecutive days for any Subsidiary of Borrower that is a CFC, during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not
in effect; or 

  
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 (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or
Multiemployer Plan which has resulted or could reasonably be expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in
excess of the Threshold Amount, or (ii) Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under
Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or 

(j) Invalidity of Loan Documents. Any Loan Document or any provision thereof, at any time after its execution and delivery and for any
reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party, or any Subsidiary that is party to a Collateral Document, contests in writing
the validity or enforceability of any Loan Document or any provision thereof; or any Loan Party, or any Subsidiary that is party to a Collateral Document, denies that it has any or further liability or obligation under any Loan Document, or purports
to revoke, terminate or rescind any Loan Document or any provision thereof; or 
 (k) Change of Control. There occurs any Change of Control;
or 
 Without limiting the provisions of Article IX, if a Default shall have occurred under the Loan Documents,
then such Default will continue to exist until it either is cured (to the extent specifically permitted) in accordance with the Loan Documents or is otherwise expressly waived by Agent (with the approval of requisite Appropriate Lenders (in their
sole discretion) as determined in accordance with Section 11.01); and once an Event of Default occurs under the Loan Documents, then such Event of Default will continue to exist until it is expressly waived by the requisite
Appropriate Lenders or by Agent with the approval of the requisite Appropriate Lenders, as required hereunder in Section 11.01. 

8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, Agent shall, at the request of, or may, with the
consent of, the Required Lenders, take any or all of the following actions: 
 (a) declare the Commitment of each Lender to make Loans and
any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or
payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by Borrower; 

(c) require that Borrower Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect thereto);
and 
 (d) exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C
Issuer under the Loan Documents or applicable Law or equity; 
 provided that, upon the occurrence of an actual or deemed entry of an order for
relief with respect to Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount
of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each
case without further act of Agent or any Lender. 

  
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 8.03 Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to
Section 8.02) or if at any time insufficient funds are received by and available to Agent to pay fully all Secured Obligations then due hereunder, any amounts received on account of the Secured Obligations shall, subject to the
provisions of Sections 2.14 and 2.15, be applied by Agent in the following order: 
 (a) to payment
of that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts (including reasonable fees, charges, out-of-pocket expenses, and disbursements of counsel to Agent and amounts payable under Article
III) payable to Agent in its capacity as such; 
 (b) to payment of that portion of the Secured
Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including reasonable fees, charges, out-of-pocket expenses, and disbursements of
counsel) to the respective Lenders and the L/C Issuer arising under the Loan Documents and amounts payable under Article III, ratably among them in proportion to the respective amounts described in this clause
(b) payable to them; 
 (c) to payment of that portion of the Secured Obligations constituting
accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Secured Obligations arising under the Loan Documents, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this
clause (c) payable to them; 
 (d) to payment of that portion of the Secured Obligations
constituting unpaid principal of the Loans, L/C Borrowings and Secured Obligations then owing under Secured Hedge Agreements, Secured Cash Management Agreements and bank guarantees in connection with the BofA Bonding Facility, ratably among the
Lenders, the L/C Issuer, the Hedge Banks, the Cash Management Banks and Bank of America, as applicable, in proportion to the respective amounts described in this clause (d) held by them; 

(e) to Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate
undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by Borrower pursuant to Sections 2.03 and 2.14; and 

(f) the balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to Borrower or as otherwise required by Law.

 Subject to Sections 2.03(c) and 2.14, amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to subsection (e) above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been
fully drawn or expired, such remaining amount shall be applied to the other Secured Obligations, if any, in the order set forth above. 

Notwithstanding the foregoing, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the
application described above if Agent has not received a Secured Party Designation Notice, together with such supporting documentation as Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. Each Cash
Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of Agent pursuant to the terms of
Article IX for itself and its Affiliates as if a “Lender” party hereto. 

  
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 ARTICLE IX 

ADMINISTRATIVE AGENT 
 9.01
Appointment and Authority. 
 (a) Appointment. Each of the Lenders and the L/C Issuer hereby irrevocably appoints, designates
and authorizes Bank of America to act on its behalf as Agent hereunder and under the other Loan Documents and authorizes Agent to take such actions on its behalf and to exercise such powers as are delegated to Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of Agent, the Lenders and the L/C Issuer, and neither Borrower nor any other Loan Party shall have rights as a
third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to Agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between
contracting parties. 
 (b) Collateral Agent. Agent shall also act as the “collateral agent” under the Loan Documents, and
each of the Lenders (including in such Lender’s capacities as a potential Hedge Bank and a potential Cash Management Bank) and the L/C Issuer hereby irrevocably appoints and authorizes Agent to act as the agent of such Lender and the L/C Issuer
for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this
connection, Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of Agent, shall be entitled to the benefits of all provisions of this Article IX and Article XI
(including Section 11.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 

9.02 Rights as a Lender. The Person serving as Agent hereunder shall have the same rights and powers in its capacity as a Lender as any
other Lender and may exercise the same as though it were not Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving
as Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of banking,
trust, financial, advisory, underwriting or other business with any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not Agent hereunder and without any duty to account therefor to the Lenders or to provide notice to or
consent of the Lenders with respect thereto. 
 9.03 Exculpatory Provisions. Agent shall not have any duties or obligations except
those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, Agent and its Related Parties: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; 

  
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 (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall
be expressly provided for herein or in the other Loan Documents), provided that Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose Agent to liability or that is contrary to any Loan
Document or applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may affect a forfeiture, modification or termination of property of a Defaulting Lender in
violation of any Debtor Relief Law; and 
 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have
any duty or responsibility to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is communicated to or obtained by the Person serving as Agent or any of its
Affiliates in any capacity. 
 Neither Agent nor any of its Related Parties shall be liable for any action taken or not taken
by Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders
as shall be necessary), or as Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 11.01 and 8.02) or (ii) in the absence of its own gross negligence or willful
misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. Any such action taken or failure to act pursuant to the foregoing shall be binding on all Lenders. Agent shall be deemed not to have knowledge of any
Default unless and until notice describing such Default is given in writing to Agent by Borrower, a Lender or the L/C Issuer. 

Neither Agent nor any of its Related Parties have any duty or obligation to any Lender or participant or any other Person to
ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents,
(v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to
Agent. 
 9.04 Reliance by Administrative Agent. Agent shall be entitled to rely upon, and shall be fully protected in
relying and shall not incur any liability for relying upon, any notice, request, certificate, communication, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper
Person, and shall be fully protected in relying and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer unless Agent shall have received notice to the contrary from such
Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. Agent may consult with legal counsel (who may be counsel for the Loan Parties), independent accountants and other experts selected by it, and shall
not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, 

  
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accountants or experts. For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed
to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless Agent shall have received notice from such
Lender prior to the proposed Closing Date specifying its objections. 
 9.05 Delegation of Duties. Agent may perform
any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by Agent. Agent and any such sub-agent may perform any and all of its duties and exercise its
rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of Agent and any such sub-agent, and shall apply to their respective activities
in connection with the syndication of the Facilities as well as activities as Administrative Agent. Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction
determines in a final and non-appealable judgment that Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

9.06 Resignation of Administrative Agent. 

(a) Notice. Agent may at any time resign as Administrative Agent upon thirty (30) days’ notice to the Lenders,
the L/C Issuer and Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with Borrower’s consent so long as no Default or Event of Default exists (which consent shall not be unreasonably withheld,
conditioned or delayed), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required
Lenders and shall have accepted such appointment prior to the effective date of the resignation of Agent gives (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on
behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if Agent shall notify Borrower and the Lenders that no qualifying Person
has accepted such appointment, then such resignation shall nonetheless become effective. 
 (b) Effect of Resignation or
Removal. With effect from the Resignation Effective Date (i) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral
security held by Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed)
and (ii) except for any indemnity payments or other amounts then owed to the retiring Administrative Agent, all payments, communications and determinations provided to be made by, to or through Agent shall instead be made by or to each Lender
and the L/C Issuer directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other
amounts owed to the retiring Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under
the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between
Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 11.04 shall continue in effect for the benefit of
such retiring Administrative Agent, its sub agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

  
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 (c) L/C Issuer and Swingline Lender. Any resignation by Bank of America as Administrative
Agent pursuant to this Section shall also constitute its resignation as L/C Issuer and Swingline Lender. If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with
respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders to make LIBOR Daily Floating Rate Loans or fund risk
participations in Unreimbursed Amounts pursuant to Section 2.03(c). If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made
by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make LIBOR Daily Floating Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to
Section 2.04(c). Upon the appointment by Borrower of a successor L/C Issuer or Swingline Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (i) such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as applicable, (ii) the retiring L/C Issuer and Swingline Lender shall be discharged from all of their respective duties and
obligations hereunder or under the other Loan Documents, and (iii) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements
satisfactory to Bank of America to provide credit support for or effectively assume the obligations of Bank of America with respect to such Letters of Credit. 

9.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges that it has, independently and
without reliance upon Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the L/C
Issuer also acknowledges that it will, independently and without reliance upon Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its
own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the titles listed on the cover page hereof shall
have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as Agent, Arranger, a Lender or the L/C Issuer hereunder. 

9.09 Administrative Agent May File Proofs of Claim; Credit Bidding. In case of the pendency of any proceeding under any Debtor Relief
Law or any other judicial proceeding relative to any Loan Party, Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether
Agent shall have made any demand on Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C
Obligations and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuer and Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and Agent under Sections 2.03(h) and (i), 2.09,
2.10(b) and 11.04) allowed in such judicial proceeding; and 

  
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 (b) to collect and receive any monies or other property payable or deliverable on any such claims
and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to Agent and, in the event that Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to Agent any
amount due for the reasonable compensation, expenses, disbursements and advances of Agent and its agents and counsel, and any other amounts due Agent under Sections 2.09, 2.10(b) and 11.04. 

Nothing contained herein shall be deemed to authorize Agent to authorize or consent to or accept or adopt on behalf of any Lender or the L/C
Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or the L/C Issuer to authorize Agent to vote in respect of the claim of any Lender or the L/C Issuer or in any
such proceeding. 
 The Loan Parties and the Secured Parties hereby irrevocably authorize Agent, based upon the instruction of
the Required Lenders, to (a) credit bid and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code,
including under Section 363 of the Bankruptcy Code or any similar Laws in any other jurisdictions to which a Loan Party is subject, or (b) credit bid and in such manner purchase (either directly or through one or more
acquisition vehicles) all or any portion of the Collateral at any other sale or foreclosure conducted by (or with the consent or at the direction of) Agent (whether by judicial action or otherwise) in accordance with applicable Law. In connection
with any such credit bid and purchase, the Secured Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Secured Obligations with respect to contingent or unliquidated claims being
estimated for such purpose if the fixing or liquidation thereof would not unduly delay the ability of Agent to credit bid and purchase at such sale or other disposition of the Collateral and, if such claims cannot be estimated without unduly
delaying the ability of Agent to credit bid, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the asset or assets purchased by means of such credit bid) and the Secured Parties whose Secured Obligations are
credit bid shall be entitled to receive interests (ratably based upon the proportion of their Secured Obligations credit bid in relation to the aggregate amount of Secured Obligations so credit bid) in the asset or assets so purchased (or in the
Equity Interests of the acquisition vehicle or vehicles that are used to consummate such purchase). Except as provided above and otherwise expressly provided for herein or in the other Collateral Documents, Agent will not execute and deliver a
release of any Lien on any Collateral. Upon request by Agent or Borrower at any time, the Secured Parties will confirm in writing Agent’s authority to release any such Liens on particular types or items of Collateral pursuant to this
Section 9.09. 
 9.10 Collateral and Guaranty Matters. Each of the Lenders (including in its capacities
as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer irrevocably authorizes Agent, at its option and in its discretion, 

(a) to release any Lien on any property granted to or held by Agent under any Loan Document (i) upon the Facility
Termination Date, (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) if approved,
authorized or ratified in writing by the Required Lenders in accordance with Section 11.01; 

  
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 (b) to subordinate any Lien on any property granted to or held by Agent under any Loan Document
to the holder of any Lien on such property that is permitted by this Agreement or any other Loan Document; and 
 (c) to release any
Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents. 

Upon request by Agent at any time, the Required Lenders will confirm in writing Agent’s authority to release or subordinate
its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, Agent
will, at Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under
the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.

 Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the
existence, value or collectability of the Collateral, the existence, priority or perfection of Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall Agent be responsible or liable to the Lenders
for any failure to monitor or maintain any portion of the Collateral. 
 9.11 Secured Cash Management Agreements and Secured Hedge
Agreements. Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or
any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any
Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly
provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to,
Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless Agent has received a Secured Party Designation Notice of such Secured Obligations, together
with such supporting documentation as Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with
respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date. 

ARTICLE X 
 CONTINUING GUARANTY

 10.01 Guaranty. Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as a guaranty of payment
and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all of the Secured Obligations,
whether for principal, interest, premiums, fees, indemnities, damages, costs, expenses or otherwise, of Borrower to the Secured Parties, arising hereunder or under any other Loan Document, any Secured Cash Management Agreement, any Secured Hedge
Agreement or bank guarantees in connection with the BofA Bonding Facility (including all renewals, extensions, amendments, refinancings and other modifications thereof 

  
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and all costs, attorneys’ fees and expenses incurred by the Secured Parties and payable under this Agreement or any of the other Loan Documents in connection with the collection or
enforcement thereof). Notwithstanding the foregoing, the liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder
subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. Agent’s books and records showing the amount of the Secured Obligations shall be admissible
in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations absent manifest error. This Guaranty shall not be affected by the genuineness,
validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or
by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of them, under this Guaranty (except for the defense of payment in full of the Secured
Obligations), and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing. 

10.02 Rights of Lenders. Each Guarantor consents and agrees that the Secured Parties may, at any time and from time to time, without
notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Secured Obligations or any
part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Secured Obligations; (c) apply such security and direct the order or
manner of sale thereof as Agent, the L/C Issuer and the Lenders in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Secured Obligations. Without limiting the
generality of the foregoing, each Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of such Guarantor under this Guaranty or which, but for this provision, might operate as
a discharge of such Guarantor. 
 10.03 Certain Waivers. Each Guarantor waives (a) any defense arising by reason of any
disability or other defense of Borrower or any other guarantor, or the cessation from any cause whatsoever (including any act or omission of any Secured Party) of the liability of Borrower; (b) any defense based on any claim that such
Guarantor’s obligations exceed or are more burdensome than those of Borrower; (c) the benefit of any statute of limitations affecting any Guarantor’s liability hereunder; (d) any right to require Agent or any Secured Party to
proceed against Borrower, proceed against or exhaust any security for the Secured Obligations, or pursue any other remedy in the power of any Secured Party whatsoever; (e) any benefit of and any right to participate in any security now or
hereafter held by any Secured Party; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable Law limiting the liability of or exonerating guarantors or sureties
(except for the defense of payment in full of the Secured Obligations). Each Guarantor expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests,
notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Secured Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or
additional Secured Obligations, including but not limited to the benefits of Chapter 34 of the Texas Business and Commerce Code, §17.01 of the Texas Civil Practice and Remedies Code, and Rule 31 of the Texas Rules of Civil Procedure, or any
similar statute. 
 10.04 Obligations Independent. The obligations of each Guarantor hereunder are those of primary obligor, and not
merely as surety, and are independent of the Secured Obligations and the obligations of any other guarantor, and a separate action may be brought against each Guarantor to enforce this Guaranty whether or not Borrower or any other person or entity
is joined as a party. 

  
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 10.05 Subrogation. No Guarantor shall exercise any right of subrogation, contribution,
indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Secured Obligations and any amounts payable under this Guaranty have been indefeasibly paid and performed in full and the
Commitments and the Facilities are terminated. If any amounts are paid to a Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the
Secured Parties to reduce the amount of the Secured Obligations, whether matured or unmatured. 
 10.06 Termination; Reinstatement.
This Guaranty is a continuing and irrevocable guaranty of all Secured Obligations now or hereafter existing and shall remain in full force and effect until the Facility Termination Date. Notwithstanding the foregoing, this Guaranty shall continue in
full force and effect or be revived, as the case may be, if any payment by or on behalf of Borrower or a Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Secured Obligations and such payment or the
proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be
repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in
possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Guarantor under this paragraph shall survive termination of this Guaranty. 

10.07 Stay of Acceleration. If acceleration of the time for payment of any of the Secured Obligations is stayed, in connection with any
case commenced by or against a Guarantor or Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by each Guarantor, jointly and severally, immediately upon demand by the Secured Parties. 

10.08 Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of,
obtaining from Borrower and any other guarantor such information concerning the financial condition, business and operations of Borrower and any such other guarantor as such Guarantor requires, and that none of the Secured Parties has any duty, and
such Guarantor is not relying on the Secured Parties at any time, to disclose to it any information relating to the business, operations or financial condition of Borrower or any other guarantor (each Guarantor waiving any duty on the part of the
Secured Parties to disclose such information and any defense relating to the failure to provide the same). 
 10.09 Appointment of
Borrower. Each of the Guarantors hereby appoints Borrower to act as its agent for all purposes of this Agreement and the other Loan Documents and agrees that (a) Borrower may execute such documents on behalf of such Guarantor as Borrower
deems appropriate in its sole discretion and each Guarantor shall be obligated by all of the terms of any such document executed on its behalf, (b) any notice or communication delivered by Agent or the Lender to Borrower shall be deemed
delivered to each Guarantor and (c) Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by Borrower on behalf of each Guarantor. 

10.10 Right of Contribution. The Guarantors agree among themselves that, in connection with payments made hereunder, each Guarantor
shall have contribution rights against the other Guarantors as permitted under applicable Law, but in all cases subject to the terms of this Agreement and the other Loan Documents. To the extent that any Guarantor shall be required hereunder to pay
a portion of the Secured Obligations which shall exceed the greater of (a) the amount of the economic benefit actually received by 

  
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such Guarantor from the Loans and the L/C Borrowings, and (b) the amount which such Guarantor would otherwise have paid if such Guarantor had paid the aggregate amount of the Secured
Obligations (excluding the amount thereof repaid by Borrower) in the same proportion as such Guarantor’s net worth at the date enforcement hereunder is sought bears to the aggregate net worth of all of the Guarantors at the date enforcement
hereunder is sought, then the Guarantors agree among themselves that such Guarantor shall be reimbursed by such other Guarantors for the amount of such excess, pro rata, based on the net worth of each other Guarantor at the date enforcement
hereunder is sought. 
 ARTICLE XI 

MISCELLANEOUS 
 11.01
Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document (other than the Fee Letter), and no consent to any departure by Borrower or any other Loan Party therefrom, shall be effective unless in
writing signed by the Required Lenders and Borrower or the applicable Loan Party, as the case may be, and acknowledged by Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which
given; provided however, that no such amendment, waiver or consent shall: 
 (a) waive any condition set forth in
Section 4.01(a) without the written consent of each Lender; provided that, in the sole discretion of Agent, only a waiver by Agent shall be required with respect to immaterial matters or items
specified in Section 4.01(a)(iii) or (iv) with respect to which Borrower has given assurances satisfactory to Agent that such items shall be delivered promptly following the Closing Date 

(b) without limiting the generality of subsection (a) above, waive any condition set forth in
Section 4.02 as to any Credit Extension under a particular Facility without the written consent of the Required Revolving Lenders or the Required Term Lenders, as the case may be; 

(c) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to
Section 8.02) without the written consent of such Lender (it being understood and agreed that a waiver of any condition precedent in Section 4.02 or of any Default or a mandatory reduction in Commitments is not
considered an extension or increase in Commitments of any Lender); 
 (d) postpone any date fixed by this Agreement or any
other Loan Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under such other Loan Document without the written consent of each Lender entitled
to such payment; 
 (e) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to
clause (v) of the second proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan Document, without the written consent of each Lender entitled to such amount; provided
however, that only the consent of the Required Lenders shall be necessary (i) to amend the definition of “Default Rate” or to waive any obligation of Borrower to pay interest or Letter of Credit Fees at the Default Rate, or
(ii) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder; 

(f) change (i) Section 2.13 or Section 8.03 in a manner that would alter the pro rata
sharing of payments required thereby without the written consent of each Lender, or (ii) Section 2.12(f) in a manner that would alter the pro rata application required thereby without the written consent of each Lender
directly affected thereby; 

  
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 (g) change any provision of this Section 11.01 or the
definition of “Required Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or thereunder or make any determination or
grant any consent hereunder, without the written consent of each Lender; 
 (h) release all or substantially all of the Collateral in
any transaction or series of related transactions, without the written consent of each Lender; 
 (i) release all or
substantially all of the value of the Guaranty, without the written consent of each Lender, except to the extent the release of any Subsidiary from the Guaranty is permitted pursuant to Section 9.10 (in which case such release may
be made by Agent acting alone); or 
 (j) release Borrower or permit Borrower to assign or transfer any of its rights or
obligations under this Agreement or the other Loan Documents without the consent of each Lender; 
 and provided
further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any
Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swingline Lender in addition to the Lenders required above, affect the rights or
duties of the Swingline Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by Agent in addition to the Lenders required above, affect the rights or duties of Agent under this Agreement or any
other Loan Document; (iv) any fee letters executed in connection therewith may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto; (v) the Fee Letter may be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties thereto; and (vi) subject to Section 9.10, any Collateral Document may be amended in a writing executed by Agent and the parties thereto. Notwithstanding
anything to the contrary herein, (A) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or
each affected Lender, or all Lenders or each affected Lender under a Facility), may be effected with the consent of the applicable Lenders other than Defaulting Lenders, except that (1) the Commitment of any Defaulting Lender may not be
increased or extended without the consent of such Lender and (2) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender, or all Lenders or each affected Lender under a Facility, that by its terms
affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender; (B) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan
that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and (C) the Required Lenders
shall determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders. 

Notwithstanding anything to the contrary herein Agent may, with the prior written consent of Borrower only, amend, modify or supplement this Agreement or any
of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency. 
 If any Lender does not consent to a proposed amendment,
waiver, consent or release with respect to any Loan Document that requires the consent of each Lender and that has been approved by the Required Lenders, Borrower may replace such Non-Consenting Lender in accordance with
Section 11.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such Section (together with all other such assignments required by Borrower to be made
pursuant to this paragraph). 

  
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 11.02 Notices; Effectiveness; Electronic Communications. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except
as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax
transmission or other electronic mail transmission as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to Borrower or any other Loan Party, Agent, the L/C Issuer or the Swingline Lender, to the address, facsimile number,
electronic mail address or telephone number specified for such Person on Schedule 1.01(a); and 
 (ii) if to
any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its
Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to Borrower). 

Notices and other communications sent by hand or overnight courier service shall be deemed to have been given
when received; notices sent by certified or registered mail shall be deemed to have been given upon the earlier of actual receipt by the relevant party and four (4) Business Days after deposit in the mail, postage prepaid; notices and other
communications sent by fax transmission or other electronic mail transmission shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening
of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in such
subsection (b). 
 (b) Electronic Communications. Notices and other communications to the Lenders
and the L/C Issuer hereunder may be delivered or furnished by electronic communication (including electronic mail address and Internet or intranet websites) pursuant to procedures approved by Agent, provided that the foregoing shall not apply
to notices to any Lender or the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified Agent that it is incapable of receiving notices under such Article by electronic communication. Agent, the
Swingline Lender, the L/C Issuer or Borrower may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such
procedures may be limited to particular notices or communications. 
 Unless Agent otherwise prescribes, (i) notices
and other communications sent to an electronic mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return
electronic mail address or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its electronic mail address as
described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other
communication is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

  
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 (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS
AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. 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 ANY AGENT PARTY IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to Borrower, any Lender, the L/C Issuer or any other Person
for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of Borrower’s, any Loan Party’s or Agent’s transmission of Borrower Materials through the Internet, except to the
extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party;
provided however, that in no event shall any Agent Party have any liability to Borrower, any Lender, or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or
actual damages). 
 (d) Change of Address, Etc. Each of Borrower, Agent, the L/C Issuer and the Swingline Lender may
change its address, facsimile number or telephone number or electronic mail address for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile number or telephone number
or electronic mail address for notices and other communications hereunder by notice to Borrower, Agent, the L/C Issuer and the Swingline Lender. In addition, each Lender agrees to notify Agent from time to time to ensure that Agent has on record
(i) an effective address, contact name, telephone number, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public
Lender agrees to cause at least one (1) individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to
enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States federal and state securities Laws, to make reference to Borrower Materials that are not
made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to Borrower or its securities for purposes of United States federal or state securities laws.

 (e) Reliance by Administrative Agent, L/C Issuer and Lenders. Agent, the L/C Issuer and the Lenders shall be entitled to rely and
act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications and Swingline Loan Notices) purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify Agent, the
L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party. All telephonic notices to
and other telephonic communications with Agent may be recorded by Agent, and each of the parties hereto hereby consents to such recording. 

11.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, the L/C Issuer or Agent to exercise, and no delay by any
such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any
other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

  
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 Notwithstanding anything to the contrary contained herein or in any other Loan
Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement
shall be instituted and maintained exclusively by, Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided however, that the foregoing shall not
prohibit (a) Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer or the Swingline
Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights
in accordance with Section 11.08 (subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding
relative to any Loan Party under any Debtor Relief Law; and provided further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the
Required Lenders shall have the rights otherwise ascribed to Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the
preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

11.04 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Loan Parties shall pay (i) all reasonable out-of-pocket expenses incurred by Agent and its Affiliates
(including the reasonable fees, charges and disbursements of counsel for Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement
and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses
incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by Agent, any Lender or the L/C Issuer
(including the fees, charges and disbursements of any counsel for Agent, any Lender or the L/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including
its rights under this Section, or (B) in connection with Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters
of Credit. 
 (b) Indemnification by the Loan Parties. The Loan Parties shall indemnify Agent (and any sub-agent thereof), each Lender
and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and
related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including Borrower or any other Loan Party) arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations
hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of Agent (and any sub-agent thereof) and its Related Parties only, the 

  
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administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of
Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by a Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to a
Loan Party or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or
by Borrower or any other Loan Party or any of Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE
OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
or related expenses are (x) determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by
Borrower or any of its Subsidiaries against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if Borrower or such Subsidiary has obtained a final and nonappealable judgment in its
favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), this subsection (b) shall not apply with respect to Taxes
other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 
 (c) Reimbursement by
Lenders. To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to Agent (or any sub-agent thereof), the
L/C Issuer, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to Agent (or any such sub-agent), the L/C Issuer, the Swingline Lender or such Related Party, as the case may be, such Lender’s
pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in
respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought),
provided further that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against Agent (or any such sub-agent), the L/C Issuer or the Swingline Lender in
its capacity as such, or against any Related Party of any of the foregoing acting for Agent (or any such sub-agent), the L/C Issuer or the Swingline Lender in connection with such capacity. The obligations of the Lenders under this subsection
(c) are subject to the provisions of Section 2.12(d). 
 (d) Waiver of Consequential Damages, Etc. To
the fullest extent permitted by applicable Law, no Loan Party shall assert, and each Loan Party hereby waives any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of
Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such
unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for
direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

  
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 (e) Payments. All amounts due under this Section shall be payable not later than ten
(10) Business Days after demand therefor. 
 (f) Survival. The agreements in this Section and the indemnity provisions of
Section 11.02(e) shall survive the resignation of Agent, the L/C Issuer and the Swingline Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the
other Obligations. 
 11.05 Payments Set Aside. To the extent that any payment by or on behalf of Borrower is made to Agent, the L/C
Issuer or any Lender, or Agent, the L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required (including pursuant to any settlement entered into by Agent, the L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or
otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred,
and (b) each Lender and the L/C Issuer severally agrees to pay to Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by Agent, plus interest thereon from the date of such demand to the date
such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the
Obligations and the termination of this Agreement. 
 11.06 Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to
the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except neither Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the
prior written consent of Agent and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section,
(ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection
(f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of Agent, the
L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by
Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment(s) and the Loans (including for
purposes of this subsection (b), participations in L/C Obligations and in Swingline Loans) at the time owing to it); provided that (in each case with respect to any Facility) any such assignment shall be subject to the following
conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment under any Facility
and/or the Loans at the time owing to it (in each case with respect to any Facility) or contemporaneous assignments to related Approved Funds that equal at least the amount specified in subsection (b)(i)(B) of this Section in the
aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

  
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 (B) in any case not described in subsection (b)(i)(A)
of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to
each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of
the Trade Date, shall not be less than $5,000,000, in the case of any assignment in respect of the Revolving Facility, or $1,000,000, in the case of any assignment in respect of the Term Facility, unless each of Agent and, so long as no Event of
Default has occurred and is continuing, Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement and the other Loan Documents with respect to the Loans and/or the Commitment assigned, except that this clause (ii) shall not apply to the Swingline Lender’s
rights and obligations in respect of Swingline Loans. 
 (iii) Required Consents. No consent shall be required for any
assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the
consent of Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an
Affiliate of a Lender or an Approved Fund; provided that Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to Agent within five (5) Business Days after having received
notice thereof; 
 (B) the consent of Agent (such consent not to be unreasonably withheld or delayed) shall be required for
assignments in respect of (1) any unfunded Term Commitment or any Revolving Commitment if such assignment is to a Person that is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved
Fund with respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund; and 

(C) the consent of the L/C Issuer and the Swingline Lender shall be required for any assignment in respect of the Revolving
Facility. 
 (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to Agent an
Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided however, that Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The
assignee, if it is not a Lender, shall deliver to Agent an Administrative Questionnaire. 
 (v) No Assignment to Certain
Persons. No such assignment shall be made (A) to Borrower or any of Borrower’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would
constitute any of the foregoing Persons described in this clause (B), or (C) to a natural Person. 

  
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 (vi) Certain Additional Payments. In connection with any assignment of
rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to
Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of
Borrower and Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (A) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to Agent, the L/C Issuer or any Lender hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters
of Credit and Swingline Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law
without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by Agent pursuant to subsection (c) of this Section, from and after the effective
date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04 with respect
to facts and circumstances occurring prior to the effective date of such assignment); provided that, except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender
will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment
or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance
with subsection (d) of this Section. 
 (c) Register. Agent, acting solely for this purpose as an
agent of Borrower (and such agency being solely for tax purposes), shall maintain at Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of
the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive, absent manifest error, and Borrower, Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement. The Register shall be available for inspection by Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (d) Participations. Any Lender may at any time, without the consent of, or notice to,
Borrower or Agent, sell participations to any Person (other than a natural Person, a Defaulting Lender or Borrower or any of Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such
Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swingline Loans) owing to it); provided that
(i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) Borrower, Agent, the
Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity
under Section 11.04(c) without regard to the existence of any participations. 
 Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided
that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to
Section 11.01 that affects such Participant. Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations therein,
including the requirements under Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation)) to the same extent as if
it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of
Sections 3.06 and 11.13 as if it were an assignee under subsection (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01 or
3.04, with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change
in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at Borrower’s request and expense, to use reasonable efforts to cooperate with Borrower to effectuate the provisions
of Section 3.06 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender;
provided that such Participant agrees to be subject to Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary
agent of Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any
information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender
shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, Agent (in its capacity as
Administrative Agent) shall have no responsibility for maintaining a Participant Register. 
 (e) Certain Pledges. Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note or Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

  
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 (f) Resignation as L/C Issuer or Swingline Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America assigns all of its Revolving Commitment and Revolving Loans pursuant to subsection (b) above, Bank of America may, (i) upon thirty (30) days’
notice to Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon thirty (30) days’ notice to Borrower, resign as Swingline Lender. In the event of any such resignation as L/C Issuer or Swingline Lender, Borrower shall be
entitled to appoint from among the Lenders a successor L/C Issuer or Swingline Lender hereunder; provided that, no failure by Borrower to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swingline
Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its
resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make LIBOR Daily Floating Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to
Section 2.03(c)). If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the effective date of
such resignation, including the right to require the Lenders to make LIBOR Daily Floating Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C
Issuer and/or Swingline Lender, (A) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as the case may be, and (B) the successor L/C
Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to provide credit support for or effectively assume the
obligations of Bank of America with respect to such Letters of Credit. 
 11.07 Treatment of Certain Information; Confidentiality.

 (a) Treatment of Certain Information. Each of Agent, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (i) to its Affiliates and to its Related Parties solely in connection with the transaction contemplated hereby (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (ii) to the extent required or requested by any regulatory authority purporting to have jurisdiction over
such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable Laws or regulations or by any subpoena or similar legal
process, (iv) to any other party hereto, (v) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (vi) subject to an agreement containing provisions substantially the same as those of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its
rights and obligations under this Agreement or (B) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to Borrower and its obligations, this
Agreement or payments hereunder, (vii) on a confidential basis to (A) any rating agency in connection with rating Borrower or its Subsidiaries or the credit facilities provided hereunder or (B) the CUSIP Service Bureau or any similar
agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, (viii) with the consent of Borrower or to the extent such Information (1) becomes
publicly available other than as a result of a breach of this Section or (2) becomes available to Agent, any Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source (not known to Agent or such
Lender to be bound by a confidentiality agreement) other than Borrower. For purposes of this Section, “Information” means all information received from Borrower or any Subsidiary relating to Borrower or any Subsidiary or any
of their respective businesses, other than any such information that is available to Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by Borrower or any Subsidiary. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person
would accord to its own confidential information. 

  
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 (b) Non-Public Information. Each of Agent, the Lenders and the L/C Issuer acknowledges
that (i) the Information may include material non-public information concerning a Loan Party or a Subsidiary, as the case may be, (ii) it has developed compliance procedures regarding the use of material non-public information and
(iii) it will handle such material non-public information in accordance with applicable Law, including United States federal and state securities Laws. 

(c) Press Releases. The Loan Parties and their Affiliates agree that they will not in the future issue any press releases or other
public disclosure using the name of Agent or any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents without the prior written consent of Agent, unless (and only to the extent that) the Loan Parties or
such Affiliate is required to do so under law and then, in any event the Loan Parties or such Affiliate will consult with such Person before issuing such press release or other public disclosure. 

(d) Customary Advertising Material. The Loan Parties consent to the publication by Agent or any Lender of customary advertising material
relating to the transactions contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties. 
 11.08
Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by
applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the L/C Issuer
or any such Affiliate to or for the credit or the account of Borrower or any other Loan Party against any and all of the obligations of Borrower or such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such
Lender or the L/C Issuer or their respective Affiliates, irrespective of whether or not such Lender, the L/C Issuer or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of Borrower or
such Loan Party may be contingent or unmatured, secured or unsecured, or are owed to a branch, office or Affiliate of such Lender or the L/C Issuer different from the branch, office or Affiliate holding such deposit or obligated on such
indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (a) all amounts so set off shall be paid over immediately to Agent for further application in accordance with the provisions of
Section 2.15 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of Agent, the L/C Issuer and the Lenders, and (b) the Defaulting Lender shall
provide promptly to Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, the L/C Issuer and their respective Affiliates
under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify Borrower and Agent promptly
after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. In the event of any conflict between the right of setoff of any Lender pursuant to a deposit
account control agreement among any Loan Party, Agent, and such Lender in its capacity as depository bank, and this Section 11.08, such Lender agrees that provisions of this Section 11.08 shall control. 

11.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall 

  
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be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to Borrower. In determining whether the interest contracted for, charged, or received by Agent or a
Lender exceeds the Maximum 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. 

11.10 Counterparts; Integration; Effectiveness. This Agreement and each of the other Loan Documents may be executed in counterparts
(and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents, and any separate letter
agreements with respect to fees payable to Agent or the L/C Issuer, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to
the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by Agent and when Agent shall have received counterparts hereof that, when taken together, bear
the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement or any other Loan Document, or any certificate delivered thereunder, by fax transmission or other electronic mail
transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. Without limiting the foregoing, to the extent a manually executed counterpart is not specifically required to
be delivered under the terms of any Loan Document, upon the request of any party, such fax transmission or electronic mail transmission shall be promptly followed by such manually executed counterpart. 

11.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or
other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by Agent and each Lender,
regardless of any investigation made by Agent or any Lender or on their behalf and notwithstanding that Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and
effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding (unless such Letter of Credit has been Cash Collateralized). 

11.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable,
(a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting
Lenders shall be limited by Debtor Relief Laws, as determined in good faith by Agent, the L/C Issuer or the Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

11.13 Replacement of Lenders. If Borrower is entitled to replace a Lender pursuant to the provisions of
Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender or if any other circumstance exists hereunder that gives Borrower the right to replace a Lender as a party hereto, then Borrower may, at its sole
expense and effort, upon notice to such Lender and Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.06), all
of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

  
 104 

 (a) Borrower shall have paid to Agent the assignment fee (if any) specified in
Section 11.06(b) (unless waived in writing by Agent); 
 (b) such Lender shall have received payment of an amount equal to
100% of the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrower (in the case of all other amounts); 

(c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be
made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with applicable Laws; and 

(e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the
applicable amendment, waiver or consent; provided that the failure by such Non-Consenting Lender to execute and deliver an Assignment and Assumption shall not impair the validity of the removal of such Non-Consenting Lender and the mandatory
assignment of such Non-Consenting Lender’s outstanding Loans pursuant to this Section 11.13 shall nevertheless be effective without the execution by such Non-Consenting Lender of an Assignment and Assumption and such
Non-Consenting Lender shall be deemed to have consented to such Assignment and Assumption. 
 A Lender shall not be required to make any such
assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling Borrower to require such assignment and delegation cease to apply. 

11.14 Governing Law; Jurisdiction; Etc. 

(a) GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN)
AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH
THEREIN) AND THE TRANSACTIONS SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF TEXAS. 
 (b) SUBMISSION TO
JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST ANY
OTHER PARTY HERETO OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF TEXAS SITTING IN HARRIS COUNTY AND OF THE UNITED STATES
DISTRICT COURT OF THE SOUTHERN DISTRICT OF TEXAS, AND 

  
 105 

 
ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH
ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH TEXAS STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION,
LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY PARTY
HERETO MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

11.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY). EACH PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

11.16 Subordination. Each Loan Party (each a “Subordinating Loan Party”) hereby subordinates the payment of all
obligations and indebtedness of any other Loan Party owing to it, whether now existing or hereafter arising, including but not limited to any obligation of any such other Loan Party to the Subordinating Loan Party as subrogee of the Secured Parties
or resulting from such Subordinating Loan Party’s performance under this Guaranty, to the indefeasible payment in full in cash of all Obligations. If the Secured Parties so request, any such obligation or indebtedness of any such other Loan
Party to the Subordinating Loan Party shall be enforced and performance received by the Subordinating Loan Party as trustee for the Secured Parties and the proceeds thereof shall be paid over to the Secured Parties on account of the Secured
Obligations, but without reducing or affecting in any manner the 

  
 106 

 
liability of the Subordinating Loan Party under this Agreement. Without limitation of the foregoing, so long as no Event of Default has occurred and is continuing, the Loan Parties may make and
receive payments with respect to intercompany debt permitted under this Agreement; provided that in the event that any Loan Party receives any payment of any such debt at a time when such payment is prohibited by this Section, such payment
shall be held by such Loan Party, in trust for the benefit of, and shall be paid forthwith over and delivered, upon written request, to Agent. 

11.17 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in
connection with any amendment, waiver or other modification hereof or of any other Loan Document), Borrower and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) the arranging
and other services regarding this Agreement provided by Agent, Arranger and any Affiliate thereof, the Arranger and the Lenders are arm’s-length commercial transactions between Borrower, each other Loan Party and their respective Affiliates, on
the one hand, and Agent, Arranger and, as applicable, their Affiliates and the Lenders and their Affiliates (collectively, solely for purposes of this Section, the “Lenders”), on the other hand, (ii) each of Borrower and
the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) Borrower and each other Loan Party is capable of evaluating, and understands and accepts, the terms,
risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) Agent, Arranger and their Affiliates and each Lender each is and has been acting solely as a principal and, except as expressly agreed in
writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for Borrower, any other Loan Party or any of their respective Affiliates, or any other Person and (ii) neither Agent, Arranger any
of their Affiliates nor any Lender has any obligation to Borrower, any other Loan Party or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other
Loan Documents; and (c) Agent, Arranger and their Affiliates and the Lenders may be engaged in a broad range of transactions that involve interests that differ from those of Borrower, the other Loan Parties and their respective Affiliates, and
none of Agent, Arranger, any of their Affiliates or any Lender has any obligation to disclose any of such interests to Borrower, any other Loan Party or any of their respective Affiliates. To the fullest extent permitted by law, each of Borrower and
each other Loan Party hereby waives and releases any claims that it may have against Agent, Arranger, any of their Affiliates or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any
transactions contemplated hereby. 
 11.18 Electronic Execution of Assignments and Certain Other Documents. The words
“execute,” “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to
include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National
Commerce Act, the Texas Uniform Electronic Transaction Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

11.19 USA PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter defined) and Agent (for itself and not on behalf
of any Lender) hereby notifies Borrower and the other Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to
obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or Agent, as applicable, to identify each Loan Party in
accordance with the Act. Borrower and the Loan Parties agree to, promptly following a request by Agent or any Lender, provide all such other documentation and information that Agent or such Lender requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 

  
 107 

 11.20 Time of the Essence. Time is of the essence of the Loan Documents. 

11.21 Amendment and Restatement of Existing Credit Agreement. This Agreement amends and restates, but does not extinguish and is not a
novation or an accord and satisfaction of, the Existing Credit Agreement, and any indebtedness outstanding thereunder shall be deemed to be outstanding under this Agreement. Nothing in this Agreement shall be deemed to release or otherwise adversely
affect any Lien, mortgage or security interest securing any indebtedness outstanding under the Existing Credit Agreement or any rights of Bank of America, whether in its capacity as the “Administrative Agent” or in its capacity as a
“Lender” under the Existing Credit Agreement, against any guarantor, surety or other party primarily or secondarily liable for such indebtedness. Borrower and each Guarantor hereby acknowledges and agrees that all Liens securing the
“Obligations” under, and as defined in, the Existing Credit Agreement are hereby ratified, renewed, and extended to secure the Secured Obligations (as defined in this Agreement). 

11.22 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

[Signatures are on the following pages.] 

  
 108 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as
of the date first above written. 
  

			
	BORROWER:
	
	 RIGNET, INC.,
 a Delaware
corporation

		
	By:	 	/s/ Martin L. Jimmerson, Jr.
		 	Martin L. Jimmerson, Jr.
		 	Chief Financial Officer

 Signature Page to Second Amended and Restated Credit Agreement 

 
			
	GUARANTORS:
	
	 LANDTEL, INC.,
 a Delaware
corporation

		
	By:	 	/s/ Martin L. Jimmerson, Jr.
		 	Martin L. Jimmerson, Jr.
		 	President
	
	 RIGNET SATCOM, INC.,
 a Delaware
corporation

		
	By:	 	/s/ Martin L. Jimmerson, Jr.
		 	Martin L. Jimmerson, Jr.
		 	Chief Financial Officer
	
	 LANDTEL COMMUNICATIONS, L.L.C.,

a Louisiana limited liability company

		
	By:	 	/s/ Martin L. Jimmerson, Jr.
		 	Martin L. Jimmerson, Jr.
		 	President

  
 Signature Page to
Second Amended and Restated Credit Agreement 

 
			
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

		
	By:	 	/s/ Denise Jones
		 	Denise Jones
		 	Assistant Vice President

  
 Signature Page to
Second Amended and Restated Credit Agreement 

 
			
	 BANK OF AMERICA, N.A.,
 as a
Lender, L/C Issuer and Swingline Lender

		
	By: 	 	/s/ Shelly A. McGregor
		 	Shelly A. McGregor
		 	Senior Vice President

  
 Signature Page to
Second Amended and Restated Credit Agreement 

 
			
	 COMPASS BANK,
 as Syndication Agent
and a Lender

		
	By:	 	/s/ Megan Biucel
		 	Megan Biucel
		 	Vice President

  
 Signature Page to
Second Amended and Restated Credit Agreement 

 
			
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION,
 as Documentation Agent and a Lender

		
	By: 	 	/s/ Michelle C. Tabar
		 	Michelle C. Tabar
		 	Senior Vice President

  
 Signature Page to
Second Amended and Restated Credit Agreement 

 
			
	 BOKF, NA DBA BANK OF TEXAS,

as a Lender

		
	By:	 	/s/ Marian Livingston
		 	Marian Livingston
		 	Senior Vice President

  
 Signature Page to
Second Amended and Restated Credit Agreement 

 SCHEDULE 1.01(a) 

CERTAIN ADDRESSES FOR NOTICES 
 RigNet,
Inc. 
 1880 South Dairy Ashford, Suite 300 
 Houston, Texas
77077 
 Attention: Marty Jimmerson, Chief Financial Officer 

Telephone: 281-674-0118 
 Telecopier: 281-674-0101 

Electronic Mail: marty.jimmerson@rig.net 
 Website Address:
www.rig.net 
 U.S. Taxpayer Identification Number: 76-0677208 

with a copy to: 
 Norton Rose Fulbright 

Fulbright & Jaworski LLP 
 2200 Ross Avenue, Suite 2800

 Dallas, Texas 75201 
 Attention: Anita M. Tarar 

Telephone: 214-855-8235 
 Telecopier: 214-855-8200 

Electronic Mail: anita.tarar@nortonrosefulbright.com 

ADMINISTRATIVE AGENT: 
 Administrative Agent’s
Office 
 (for payments and Requests for Credit Extensions): 

Bank of America, N.A. 
 Bank of America Plaza 

901 Main Street 
 Dallas, Texas 75202-3714 

Attention: Jennifer Ollek, Credit Service Representative 

Telephone: 214.209.2642 
 Telecopier: 214.290.8374 

Electronic Mail: jennifer.a.ollek@bankofamerica.com 
 Bank of
America, N.A. 
 ABA # 026009593 
 Dallas, Texas 

Acct. # 129-2000-883 
 Attn: Corporate Credit Services 

Ref: RIGNET, INC. 

  
 Schedule 1.01(a) –
Page 1 

 Other Notices as Administrative Agent: 

Bank of America, N.A.—Agency Management 
 Global Commercial
Banking 
 MC# IL4-135-09-61 
 135 S. LaSalle St. 

Chicago, IL 60603 
 Attention: Denise Jones, Agency Management
Officer II 
 Telephone: 312.828.1846 
 Telecopier: 877.206.8413

 Electronic Mail: denise.j.jones@baml.com 
 LENDERS:

 Bank of America, N.A. 
 700 Louisiana, 8th Floor 

Houston, Texas 77002 
 Attention: Jameson Burke 

Telephone: 713-247-7062 
 Telecopier: 713-247-7175 

Electronic Mail: jameson.burke@baml.com 
 with a copy to:

 Haynes and Boone, LLP 
 1221 McKinney, Suite 2100 

Houston, Texas 77010 
 Attention: Kenneth Herz 

Telephone: 713-547-2542 
 Telecopier: 713-236-5675 

Electronic Mail: kenneth.herz@haynesboone.com 

  
 Schedule 1.01(a) –
Page 2 

 SCHEDULE 1.01(b) 

INITIAL COMMITMENTS 
 AND
APPLICABLE PERCENTAGES 
  

													
	Lender	  	Revolving Commitment	 	  	Term Commitment	 	  	Applicable Percentages	 
	 Bank of America, N.A.
	  	$	47,297,297.31	  	  	$	22,702,702.69	  	  	 	37.83783784	% 
	 Compass Bank
	  	$	32,094,594.59	  	  	$	15,405,405.41	  	  	 	25.67567568	% 
	 Wells Fargo Bank, National Association
	  	$	32,094,594.59	  	  	$	15,405,405.41	  	  	 	25.67567568	% 
	 BOKF, NA dba Bank of Texas
	  	$	13,513,513.51	  	  	$	6,486,486.49	  	  	 	10.81081081	% 
	 Total
	  	$	125,000,000	  	  	$	60,000,000	  	  	 	100.00000000	% 

  
 Schedule 1.01(b) –
Page 1 

 SCHEDULE 5.20(a) 

SUBSIDIARIES, JOINT VENTURES, PARTNERSHIPS 

AND OTHER EQUITY INVESTMENTS 
 Part (a).
Subsidiaries. 
  

			
	Entity Name	  	Ownership
		
	RigNet SatCom, Inc.	  	100% owned by RigNet, Inc.
		
	LandTel, Inc.	  	100% owned by RigNet, Inc.
		
	LandTel Communications, L.L.C.	  	100% owned by LandTel, Inc.
		
	ComPetro Communications Holdings LLC	  	100% owned by RigNet Global Holdings S.a.r.l.
		
	ComPetro Communications LLC	  	100% owned by ComPetro Communications Holdings LLC
		
	RigNet Luxembourg Holdings S.a.r.l.	  	100% owned by RigNet, Inc.
		
	RigNet Global Holdings S.a.r.l.	  	100% owned by RigNet Luxembourg Holdings S.a.r.l.
		
	RigNet E.H. Holding Company AS	  	100% owned by RigNet Global Holdings S.a.r.l.
		
	RigNet UK Holdings Limited	  	100% owned by RigNet E.H. Holding Company AS
		
	RigNet UK Limited	  	100% owned by RigNet UK Holdings Limited
		
	RigNet Scotland Limited	  	100% owned by RigNet UK Holdings Limited
		
	Nessco Group Holdings Ltd.	  	100% owned by RigNet Scotland Limited
		
	NesscoInvsat Limited	  	100% owned by Nessco Group Holdings Ltd.
		
	CountryFlow Limited	  	100% owned by Nessco Group Holdings Ltd.
		
	RigNet Pte Ltd	  	100% owned by RigNet UK Holdings Limited
		
	RigNet Sdn. Bhd.	  	100% owned by RigNet UK Holdings Limited
		
	RigNet Australia Pty Ltd	  	100% owned by RigNet E.H. Holding Company AS
		
	RigNet Qatar W.L.L.	  	 49% owned by RigNet, Inc.
  

51% owned by Gulf International Development and Trading Company W.L.L.

		
	RigNet Europe AS	  	100% owned by RigNet E.H. Holding Company AS
		
	RigNet AS	  	100% owned by RigNet Europe AS
		
	RigNet Services Nigeria Limited	  	 99.9999999% owned by RigNet, Inc.
  

0.00000001% owned by RigNet Pte Ltd

  
 Schedule 5.20(a) 

			
		
	ComPetro Comunicações Holdings do Brasil Ltda	  	 approximately 99% owned by RigNet Global Holdings S.a.r.l.
  

< 1% owned by ComPetro Communications LLC

		
	RigNet Servicos de Telecomunicações Brasil Ltda.	  	 approximately 99.997419% owned by ComPetro Comunicações Holdings do Brasil Ltda

 
 < 1% owned by ComPetro Communications LLC

		
	OilCamp Limited	  	100% owned by RigNet AS
		
	RigNet Middle East LLC	  	 95% owned by ComPetro Communications Holdings LLC
  

5% owned by ComPetro Communications LLC

		
	RigNet (CA), Inc.	  	100% owned by RigNet UK Limited
		
	RigNet BRN SDN BHD	  	 50% owned by RigNet Scotland Limited
  

50% owned by RigNet UK Holdings Limited

		
	Shabakat Rafedain Al Iraq Al Jadeed for Trade in Communication Equipment and Devices LLC	  	100% owned by RigNet Global Holdings
		
	RigNet Company for Communication Services Ltd	  	100% owned by RigNet Global Holdings

  

	**	Note that RigNet, Inc. Saudi Arabia Branch , RigNet, Inc. Abu Dhabi Branch and RigNet E.H. Holding Company AS US Branch are not stand-alone entities, but rather branch offices. 

Part (b). Joint Ventures. 
 See part
(a) above. 
 Part (c). Partnerships. 

None. 
 Part (d). Other Equity
Investments. 
 See part (a) above. 

  
 Schedule 5.20(a) 

 SCHEDULE 5.20(b) 

LOAN PARTIES 
  

																	
	 Legal Name
	  	 Former
Names
	  	 Jurisdiction
of
Organization
	  	 Type of
Organization
	  	 Foreign
Qualifications
	  	 Chief Executive
Office
and
Principal Place of
Business
	  	 Taxpayer
Identification
Number
	  	 Organization
Identification
Number
	  	 Ownership
Information

	RigNet, Inc.	  	None	  	Delaware	  	Corporation	  	 Louisiana
 Montana

Pennsylvania
 Texas
	  	 1880 S. Dairy Ashford
 Suite 300

Houston, Texas 77077
	  	76-0677208	  	3825110	  	Public
									
	RigNet SatCom, Inc.	  	None	  	Delaware	  	Corporation	  	 Louisiana
 Texas
	  	 1880 S. Dairy Ashford
 Suite 300

Houston, Texas 77077
	  	20-5051827	  	4172516	  	 Private

See Schedule 5.20(a)

									
	LandTel, Inc.	  	None	  	Delaware	  	Corporation	  	None	  	 1880 S. Dairy Ashford
 Suite 300

Houston, Texas 77077
	  	20-5398753	  	4695382	  	 Private

See Schedule 5.20(a)

									
	LandTel Communications, L.L.C.	  	None	  	Louisiana	  	Limited Liability Company	  	 Alabama
 Arkansas

Colorado
 Kansas

Louisiana
 Mississippi

Montana
 New Mexico

North Dakota
 Ohio

Oklahoma
 Pennsylvania

Texas
 Washington

West Virginia
 Wyoming
	  	 1880 S. Dairy Ashford
 Suite 300

Houston, Texas 77077
	  	72-1310127	  	34510946K	  	 Private

See Schedule 5.20(a)

  
 Schedule 5.20(b) 

 SCHEDULE 5.21(g)(ii) 

LEASED PROPERTY 
 1880 S. Dairy Ashford

 Suite 300 
 Houston, Texas 77077 

  
 Schedule 5.21(g)(ii)
– Page 1 

 SCHEDULE 6.14 

EXCLUDED ACCOUNTS 
 None.

  
 Schedule 6.14 – Page
1 

 SCHEDULE 7.01 

EXISTING LIENS 
  

											
	 Debtor
	  	 Secured Party
	  	 Jurisdiction
	  	 Original Filing Date
	  	 Original Filing
Number
	  	 Collateral Summary

	RigNet, Inc.	  	Texas Capital Bank, N.A.	  	Delaware	  	9/26/2008	  	2008 3271663	  	Relates to Motor Vehicle Lease Agreement #22548 dated 8/20/2008
						
	RigNet, Inc.	  	Texas Capital Bank, N.A.	  	Delaware	  	12/9/2008	  	2008 4085732	  	Relates to Motor Vehicle Lease Agreement #22690 dated 12/4/2008
						
	RigNet, Inc.	  	Texas Capital Bank, N.A.	  	Delaware	  	12/31/2008	  	2008 4325021	  	Relates to Motor Vehicle Lease Agreement #22475 dated 6/25/2008
						
	RigNet, Inc.	  	Texas Capital Bank, N.A.	  	Delaware	  	12/31/2008	  	2008 4328272	  	Relates to Motor Vehicle Lease Agreement #22476 dated 6/25/2008
						
	RigNet, Inc.	  	IBM Credit LLC	  	Delaware	  	1/1/2011	  	2011 0000276	  	Specific equipment
						
	LandTel Communications, L.L.C.	  	Great America Leasing Corporation	  	Louisiana	  	12/1/2008	  	09-1106022	  	Fax machines

  
 Schedule 7.01 – Page
1 

 SCHEDULE 7.02 

EXISTING INDEBTEDNESS 
  

									
	 Loan Party/ Subsidiary
	  	Lender	  	Loan Number	  	Principal Debt as of September 30,
2013	 
	 RigNet, Inc.
	  	IBM Credit LLC	  	VP0G51491	  	$	3,158.30	  
	 RigNet UK Holdings Limited
	  	RigNet, Inc.	  	N/A	  	$	50,000,000	  

  
 Schedule 7.02 – Page
1 

 SCHEDULE 7.03 

EXISTING INVESTMENTS 
 1.
Money Market Fund 
  

									
	 Loan Party
	  	Financial Institution	  	Account Number	  	Account Type	 
	 RigNet, Inc.
	  	Bank of America
 Merrill Lynch
	  	3657	  	 	Money Market Fund	  

 2. Intercompany Indebtedness 

$50,000,000 loan from RigNet, Inc. to RigNet UK Holdings Limited evidenced by a promissory note dated July 5, 2012. 

  
 Schedule 7.03 – Page
1 

 SCHEDULE 7.08 

AFFILIATE TRANSACTIONS 

None. 

  
 Schedule 7.08 – Page
1 

 EXHIBIT A 

FORM OF REVOLVING NOTE 
  

			
	$                        	 	                    ,         

 FOR VALUE RECEIVED, the undersigned (“Borrower”) hereby promises to pay to
[                        ] or its registered assigns (“Lender”), in accordance with the provisions of the
Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by Lender to Borrower under that certain Second Amended and Restated Credit Agreement dated as of October 3, 2013 (as amended, restated,
extended, supplemented, or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined unless otherwise defined herein), among Borrower, the Subsidiaries of
Borrower party thereto, as guarantors, Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swingline Lender, and L/C Issuer. 

Borrower promises to pay interest on the unpaid principal amount of each Revolving Loan from the date of such Revolving Loan until such
principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. Except as otherwise provided in Section 2.04(f) of the Agreement with respect to Swingline Loans, all payments of principal
and interest shall be made to Administrative Agent for the account of Lender in Dollars in immediately available funds at the address for Administrative Agent specified in the Agreement. If any amount is not paid in full when due hereunder, such
unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Agreement. 

This Revolving Note is one of the Revolving Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in
whole or in part subject to the terms and conditions provided therein. This Revolving Note is also entitled to the benefits of each Guaranty and is secured by the Collateral. Upon the occurrence and continuation of one or more of the Events of
Default specified in the Agreement, all amounts then remaining unpaid on this Revolving Note shall become, or may be declared to be, immediately due and payable all as provided in the Agreement. Revolving Loans made by Lender shall be evidenced by
one or more loan accounts or records maintained by Lender in the ordinary course of business. Lender may also attach schedules to this Revolving Note and endorse thereon the date, amount and maturity of its Revolving Loans and payments with respect
thereto. 
 Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of
protest, demand, dishonor and non-payment of this Revolving Note. 
 [This Revolving Note is issued in replacement of, but does not
extinguish and is not a novation or an accord or satisfaction of the Revolving Note dated [            ], 2012, in the original principal amount of
$[            ], made by Borrower and payable to Lender, and any indebtedness outstanding thereunder shall be deemed to be outstanding under this Revolving Note.]1 
 THIS REVOLVING NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF TEXAS. 
 [Signatures appear on following page] 

 

	1 	Insert on Closing Date for Replacement Notes to be delivered in connection with return of existing notes. 

  
 Exhibit A 

Form of Revolving Note 

 Executed as of the date first written above. 

 

			
	BORROWER:
	
	 RIGNET, INC.,
 a Delaware
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Signature Page to Revolving Note 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	Type of
Loan Made	  	Amount
of Loan
Made	  	End of
Interest
Period	  	Amount of
Principal or
Interest Paid
This Date	  	Outstanding
Principal
Balance This
Date	  	Notation
Made by

 Schedule to
Revolving Note 

 EXHIBIT B 

FORM OF TERM NOTE 
  

			
	$                        	 	                    ,         

 FOR VALUE RECEIVED, the undersigned (“Borrower”) hereby promises to pay to
[                        ] or its registered assigns (“Lender”), in accordance with the provisions of the
Agreement (as hereinafter defined), the principal amount of the Term Loan made by Lender to Borrower under that certain Second Amended and Restated Credit Agreement dated as of October 3, 2013 (as amended, restated, extended, supplemented, or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined unless otherwise defined herein), among Borrower, the Subsidiaries of Borrower party thereto, as
guarantors, Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swingline Lender, and L/C Issuer. 

Borrower promises to pay interest on the unpaid principal amount of the Term Loan made by Lender from the date of such Term Loan until such
principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. All payments of principal and interest shall be made to Administrative Agent for the account of Lender in Dollars in immediately available funds
at the address for Administrative Agent specified in the Agreement. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and
before as well as after judgment) computed at the per annum rate set forth in the Agreement. 
 This Term Note is one of the Term Notes
referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein. This Term Note is also entitled to the benefits of each Guaranty and is secured by the
Collateral. Upon the occurrence and continuation of one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Term Note shall become, or may be declared to be, immediately due and payable all as
provided in the Agreement. The Term Loan made by Lender shall be evidenced by one or more loan accounts or records maintained by Lender in the ordinary course of business. Lender may also attach schedules to this Term Note and endorse thereon the
date, amount and maturity of its Loans and payments with respect thereto. 
 Borrower, for itself, its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Term Note. 
 THIS TERM NOTE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS. 
 [This Term Note is issued in replacement of, but
does not extinguish and is not a novation or an accord or satisfaction of the Term Note dated [            ], 2012, in the original principal amount of
$[            ], made by Borrower and payable to Lender, and any indebtedness outstanding thereunder shall be deemed to be outstanding under this Term Note.]2 
 [Signatures appear on following page] 

 
  

	2 	Insert on Closing Date for Replacement Notes to be delivered in connection with return of existing notes. 

  
 Exhibit B 

Form of Term Note 

 Executed as of the date first written above. 

 

			
	BORROWER:
	
	 RIGNET, INC.,
 a Delaware
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Signature Page to Term Note 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	Type of
Loan Made	  	Amount
of Loan
Made	  	End of
Interest
Period	  	Amount of
Principal or
Interest Paid
This Date	  	Outstanding
Principal
Balance This
Date	  	Notation
Made by

 Schedule to
Term Note 

 EXHIBIT C 

FORM OF COMPLIANCE CERTIFICATE 

RIGNET, INC. 

Date:                      
   
 This certificate is delivered by RigNet, Inc., a Delaware corporation (“Borrower”), pursuant
to Section 6.02 of that certain Second Amended and Restated Credit Agreement dated as of October 3, 2013, among Borrower, the Subsidiaries of Borrower party thereto, as guarantors, Lenders from time to time party thereto, and
Bank of America, N.A., as Administrative Agent, Swingline Lender, and L/C Issuer (as such agreement may have been amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized
terms used herein without definition shall have the meanings set forth in the Credit Agreement. 
 The undersigned hereby certifies that
he/she is a Responsible Officer of Borrower and further certifies, on behalf of Borrower in such capacity and not individually, as of the date hereof to Administrative Agent and Lenders that: 

(a) The financial statements delivered with this certificate in accordance with Section 6.01(a) and/or 6.01(b)
of the Credit Agreement fairly present in all material respects the results of operations and financial condition of Borrower and the Subsidiaries as of the dates and the accounting period covered by such financial statements [(subject only to
normal year-end adjustments and the absence of footnotes)]1; 
 (b) The undersigned has
reviewed the terms of the Credit Agreement and have made, or caused to be made under his/her supervision, a review in reasonable detail of the transactions and conditions of Borrower and the Subsidiaries during the accounting period covered by such
financial statements; 
 (c) Such review has not disclosed the existence during or at the end of such accounting period, and the undersigned
has no knowledge of the existence as of the date hereof, of any condition or event that constitutes a Default or an Event of Default, except as set forth in Schedule 1 hereto, which includes a description of the nature and period
of existence of such Default or an Event of Default and what action Borrower has taken, is undertaking and proposes to take with respect thereto; 

(d) Borrower is in compliance with the covenants contained in Section 7.11 of the Credit Agreement, as demonstrated by the
calculation of such covenants below, except as set forth below; and 
 (e) The Consolidated Leverage Ratio for the period covered by this
certificate, as demonstrated by the calculations required by Section 7.11(a) attached hereto, is                     to 1.0. As a
result of the foregoing, Level                     of the Applicable Rate is the applicable Level for purposes of determining the Applicable Rate for
all Loans. 
  

	1 	Include for Section 6.01(b) financial statements. 

  
 Exhibit C – Page 1

 Form of Compliance Certificate 

 IN WITNESS WHEREOF, the undersigned officer has executed and delivered this certificate as of the
date first written above. 
  

			
	 RIGNET, INC.,
 a Delaware
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Signature Page to Compliance Certificate 

 CONSOLIDATED LEVERAGE RATIO 

Section 7.11(a) 
  

			
	Consolidated Leverage Ratio for the applicable Measurement Period is defined as follows:	  	
		
	Consolidated Funded Indebtedness as of the date of determination	  	$                      
		
	Consolidated EBITDA for the most recently completed Measurement Period	  	$                      
		
	Consolidated Leverage Ratio (ratio of Consolidated Funded Indebtedness to EBITDA)	  	             to 1.0
		
	Maximum Consolidated Leverage Ratio for the Measurement Period per Section 7.11(a)	  	             to 1.0
		
	In Compliance	  	Yes or No

 Compliance Certificate – Consolidated Leverage Ratio Worksheet 

 CONSOLIDATED FIXED CHARGE COVERAGE RATIO 

Section 7.11(b) 
  

			
	Consolidated Fixed Charge Coverage Ratio for the applicable Measurement Period is defined as follows:	  	
		
	 1.      Consolidated EBITDA for the applicable Measurement Period
	  	$                      
		
	 2.      cash Taxes for the applicable Measurement Period
	  	$                      
		
	 3.      Restricted Payments paid in cash by Borrower to the owners of its Equity Interests for the
applicable Measurement Period
	  	$                      
		
	 4.      Unfinanced Capital Expenditures [in excess of $20,000,000]1 for the applicable Measurement Period
	  	$                      
		
	 5.      any voluntary prepayment of the Obligations for the applicable Measurement Period
	  	$                      
		
	 6.      line 1 less line 2 less line 3 less line 4 plus line 5
	  	$                      
		
	 7.      current maturities of long term Indebtedness (including, but not limited to, any Subordinated
Debt and Capitalized Leases), but in each case excluding the scheduled principal payment due and payable by Borrower on the Maturity Date on any Loan made pursuant to the Credit Agreement
	  	$                      
		
	 8.      Consolidated Interest Charges for the applicable Measurement Period
	  	$                     
		
	 9.      principal payments made in respect of Subordinated Debt for the applicable Measurement
Period
	  	$                      
		
	 10.    Sum of Line 7 plus line 8 plus line 9
	  	$                      
		
	 11.    Ratio of Line 6 to Line 10
	  	             to 1.00
		
	Minimum Consolidated Fixed Charge Coverage for the Measurement Period	  	1.25 to 1.00
		
	In compliance?	  	Yes or No

  

	1 	To be used for any Measurement Period ending on or prior to              , 2015. 

Aggregate amount since the Closing Date:
$                       

  
 Compliance Certificate
– Consolidated Fixed Charge Coverage Ratio Worksheet 

 Schedule 1 to 

Compliance Certificate 
 [Borrower to list
any existing Defaults or Events of Default, specifying the nature and period of existence of each, and the actions Borrower has taken, is undertaking and proposes to take in respect thereof. If no Defaults and no Events of Default are then in
existence, such schedule should read “None”.] 
 Schedule 1 to Compliance Certificate 

 EXHIBIT D 

FORM OF LOAN NOTICE 
 Date:
                    ,              

 

	To:	Bank of America, N.A., as Administrative Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Second Amended and Restated Credit Agreement dated as of October 3, 2013 (as amended,
restated, extended, supplemented, or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among RigNet, Inc., a Delaware corporation
(“Borrower”), the Subsidiaries of Borrower party thereto, Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swingline Lender, and L/C Issuer. 

The undersigned hereby requests (select one): 

A Borrowing of [Revolving Loans][Term Loans] 

A conversion or continuation of [Revolving Loans][Term Loans] 
  

	 	1.	On                                   
              (a Business Day). 

  

	 	2.	In the amount of $                                

  

	 	3.	Comprised of
                                         
            

                    [Type of Loan
requested] 
  

	 	4.	For Eurodollar Rate Loans: with an Interest Period of          months. 

[You are instructed to disburse the $             of the Loans requested hereunder
to 
 Borrower’s account at Bank of America, N.A., Account
No.            .] 
 [The Revolving Borrowing requested herein complies with the
proviso to the first sentence of Section 2.01(b) of the Agreement.]1 

Borrower hereby represents and warrants that the conditions specified in Section [4.01][4.02] shall be
satisfied on and as of the date of the applicable Credit Extension. 
  

			
	RIGNET, INC.,
	a Delaware corporation
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
  

	1 	Include this sentence in the case of a Revolving Borrowing. 

  
 Exhibit D 

Form of Loan Notice 

 EXHIBIT E 

FORM OF SWINGLINE LOAN NOTICE 

Date:                     ,
             
  

	To:	Bank of America, N.A., as Swingline Lender 

 Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 Reference
is made to that certain Second Amended and Restated Credit Agreement dated as of October 3, 2013 (as amended, restated, extended, supplemented, or otherwise modified in writing from time to time, the “Agreement;” the
terms defined therein being used herein as therein defined), among RigNet, Inc., a Delaware corporation (“Borrower”), the Subsidiaries of Borrower party thereto, as guarantors, Lenders from time to time party thereto, and
Bank of America, N.A., as Administrative Agent, Swingline Lender, and L/C Issuer. 
 The undersigned hereby requests a
Swingline Loan: 
  

	 	1.	On
                                         
                    (a Business Day). 

  

	 	2.	In the amount of $                                .

 The Swingline Borrowing requested herein complies with the requirements of the provisos to the second
sentence of Section 2.04(a) of the Agreement. 
 Borrower hereby represents and warrants that
the conditions specified in Section [4.01][4.02] shall be satisfied on and as of the date of the applicable Credit Extension. 

 

			
	RIGNET, INC.,
	a Delaware corporation
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit E 

Form of Swingline Loan Notice 

 EXHIBIT F 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set
forth below and is entered into by and between [the][each] Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each] Assignee identified in item 2 below ([the][each, an]
“Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees] hereunder are several and not joint.]. Capitalized terms used but not defined herein shall have the meanings given to
them in that certain Second Amended and Restated Credit Agreement identified below (as amended, restated, extended, supplemented, or otherwise modified in writing from time to time, the “Credit Agreement”), receipt of a copy
of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth
herein in full. 
 For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to
[the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement,
as of the Effective Date inserted by Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under
the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective
Assignors] under the respective facilities identified below (including, without limitation, the Letters of Credit and the Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all
claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection
with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort
claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to
[the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and,
except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 
  

							
				
	1.	  	Assignor[s]:	 	  
	 	
		  		 	  
	 	
				
	2.	  	Assignee[s]:	 	  
	 	
		  		 	  
	 	
		
		  	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
				
	3.	  	Borrower:	 	RigNet, Inc., a Delaware corporation	 	
		
	4.	  	Administrative Agent: Bank of America, N.A., as Administrative Agent under the Credit Agreement

  
 Exhibit F – Page 1

 Form of Assignment and Assumption 

	5.	Credit Agreement: Second Amended and Restated Credit Agreement dated as of October 3, 2013, among Borrower, the Subsidiaries of Borrower party thereto, as guarantors, Lenders from time to time party thereto,
and Bank of America, N.A., as Administrative Agent, Swingline Lender, and L/C Issuer. 

  

	6.	Assigned Interest: 

  

													
	 Assignor[s]
	  	 Assignee[s]
	  	 Facilities
Assigned*
	  	 Aggregate
Amount of
Commitment/
Loans for
all
Lenders
	  	 Amount of
Commitment/
Loans
Assigned*
	  	 Percentage
Assigned of
Commitment/

Loans
	  	 CUSIP
Number

							
		  		  	*Specify Revolving Facility or Term Facility	  	$                	  	*Specify Revolving Loans or Term Loans and amounts	  	                %	  	

  

	7.	Trade Date:                     ] 

Effective Date:                    ,
20         [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

 

  
 Exhibit F – Page 2

 Form of Assignment and Assumption 

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Title:
	
	ASSIGNEE
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Title:

 [Consented to and] Accepted: 

BANK OF AMERICA, N.A., 
 as Administrative Agent 

 

			
	By:	 	 
		 	Title:
	
	[Consented to:
	
	 RIGNET, INC.,
 a Delaware
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	                                      
                              ]

  

  
 Exhibit F – Page 3

 Form of Assignment and Assumption 

 ANNEX 1 TO ASSIGNMENTAND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1 Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Borrower, any of their respective
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document, or (iv) the performance or observance by Borrower, any of their respective Subsidiaries or Affiliates, or any other Person of any of their respective
obligations under any Loan Document. 
 1.2 Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the
requirements to be an assignee under Section 11.06(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under
Section 11.06(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned
Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in
making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the
most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this
Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon Administrative Agent, [the][any] Assignor or any other Lender, and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of
the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
 2. Payments. From and
after the Effective Date, Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to
but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 
  

  
 Exhibit F – Page 4

 Form of Assignment and Assumption 

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with,
the law of the State of Texas. 
  

  
 Exhibit F – Page 5

 Form of Assignment and Assumption 

 EXHIBIT G 

FORM OF ADMINISTRATIVE QUESTIONNAIRE 

[See attached] 
  

  
 Exhibit G 

Form of Administrative Questionnaire 

 ADMINISTRATIVE DETAILS REPLY FORM – (US DOLLAR ONLY) 

CONFIDENTIAL 
  

  
 Exhibit G 

Form of Administrative Questionnaire 

  
 

 

  
 Exhibit G 

Form of Administrative Questionnaire 

  
 

 

  
 Exhibit G 

Form of Administrative Questionnaire 

  
 

 

  
 Exhibit G 

Form of Administrative Questionnaire 

  
 

 

  
 Exhibit G 

Form of Administrative Questionnaire 

 EXHIBIT H-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement entered as of October 3, 2013 (“Credit
Agreement”), among RigNet, Inc., a Delaware corporation (“Borrower”), the Guarantors, Lenders, and Bank of America, N.A., as Administrative Agent, Swingline
Lender and L/C Issuer. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 

Pursuant to the provisions of Section 3.01 of the Credit Agreement, the undersigned hereby certifies that (a) it is
the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (b) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code,
(c) it is not a ten percent (10%) shareholder of Borrower within the meaning of Section 871(h)(3)(B) of the Code and (d) it is not a controlled foreign corporation related to Borrower as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished Administrative Agent and Borrower with a certificate of its
non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall promptly so inform Borrower and Administrative Agent and
(b) the undersigned shall have at all times furnished Borrower and Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in
either of the two (2) calendar years preceding such payments. 
  

			
	[NAME OF LENDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                        ,         , 20        

  
 Exhibit H-1 

Form of U.S. Tax Compliance Certificate 

 EXHIBIT H-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement entered as of October 3, 2013 (“Credit
Agreement”), among RigNet, Inc., a Delaware corporation (“Borrower”), the Guarantors, Lenders, and Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer.
Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 Pursuant to the
provisions of Section 3.01 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (b) it
is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (c) it is not a ten percent (10%) shareholder of Borrower within the meaning of Section 871(h)(3)(B) of the Code and (d) it is not a
controlled foreign corporation related to Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has
furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned
shall promptly so inform such Lender in writing and (b) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made
to the undersigned, or in either of the two (2) calendar years preceding such payments. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                    ,         , 20         

  
 Exhibit H-2 

Form of U.S. Tax Compliance Certificate 

 EXHIBIT H-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement entered as of October 3, 2013 (“Credit
Agreement”), among RigNet, Inc., a Delaware corporation (“Borrower”), the Guarantors, Lenders, and Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer.
Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 Pursuant to the
provisions of Section 3.01 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record owner of the participation in respect of which it is providing this certificate, (b) its direct or
indirect partners/members are the sole beneficial owners of such participation, (c) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan
agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect partners/members is a ten percent (10%) shareholder of Borrower
within the meaning of Section 871(h)(3)(B) of the Code and (e) none of its direct or indirect partners/members is a controlled foreign corporation related to Borrower as described in Section 881(c)(3)(C) of the Code.

 The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (i) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (ii) the undersigned shall have
at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two (2) calendar years preceding such
payments. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                    ,         , 20         

  
 Exhibit H-3 

Form of U.S. Tax Compliance Certificate 

 EXHIBIT H-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement entered as of October 3, 2013 (“Credit
Agreement”), among RigNet, Inc., a Delaware corporation (“Borrower”), the Guarantors, Lenders, and Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer. Capitalized terms used herein
and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 Pursuant to the provisions of
Section 3.01 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate,
(b) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (c) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan
Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect partners/members is a ten percent (10%) shareholder of Borrower within the meaning of Section 871(h)(3)(B) of the Code and (e) none of its
direct or indirect partners/members is a controlled foreign corporation related to Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished Administrative Agent and Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of
its partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming
the portfolio interest exemption. By executing this certificate, the undersigned agrees that (i) if the information provided on this certificate changes, the undersigned shall promptly so inform Borrower and Administrative Agent and
(ii) the undersigned shall have at all times furnished Borrower and Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in
either of the two (2) calendar years preceding such payments. 
  

			
	[NAME OF LENDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                    ,         , 20         

  
 Exhibit H-4 

Form of U.S. Tax Compliance Certificate

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