Document:

EX-10.14

 Exhibit 10.14 

Execution Version 

CONFIDENTIAL 
 MN8
Energy Operating Company LLC 
 Second Amended and Restated 

Limited Liability Company Agreement 

Dated August 4, 2022 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	ARTICLE I	  

		
	 GENERAL PROVISIONS
	  	 	2	 
	 1.1
	 	Name	  	 	2	 
	 1.2
	 	Principal Office	  	 	2	 
	 1.3
	 	Registered Office and Agent	  	 	2	 
	 1.4
	 	Purposes	  	 	2	 
	 1.5
	 	Register	  	 	2	 
	 1.6
	 	Definitions	  	 	3	 
	
	ARTICLE II	  

		
	 DURATION
	  	 	12	 
		
	ARTICLE III	  			
		
	 CONTRIBUTIONS TO CAPITAL
	  	 	13	 
	 3.1
	 	Capital Contributions	  	 	13	 
	 3.2
	 	[INTENTIONALLY OMITTED]	  	 	14	 
	 3.3
	 	[INTENTIONALLY OMITTED]	  	 	14	 
	 3.4
	 	Default by Member	  	 	14	 
	 3.5
	 	Admission of Members	  	 	17	 
	 3.6
	 	Status Under ERISA	  	 	18	 
	
	ARTICLE IV	  

		
	 CAPITAL ACCOUNTS AND DISTRIBUTIONS
	  	 	18	 
	 4.1
	 	Sub Accounts; Capital Accounts	  	 	18	 
	 4.2
	 	Special Interest Member Account	  	 	18	 
	 4.3
	 	Allocations and Distributions in the Absence of a Specified Event	  	 	19	 
	 4.4
	 	Allocations and Distributions Following a Specified Event	  	 	20	 
	 4.5
	 	Accounting for Distributions	  	 	22	 
	 4.6
	 	Valuation	  	 	23	 
	 4.7
	 	Withholding and Company Taxes	  	 	23	 
	 4.8
	 	[INTENTIONALLY OMITTED]	  	 	24	 
	 4.9
	 	Modifications to Allocations and/or Distributions	  	 	24	 
	 4.10
	 	Insolvency	  	 	24	 
	
	ARTICLE V	  

		
	 CERTAIN FINANCIAL AND TAX MATTERS
	  	 	24	 
	 5.1
	 	Financial Reporting	  	 	24	 
	 5.2
	 	Allocations for U.S. Federal Income Tax Purposes	  	 	24	 
	 5.3
	 	Supervision; Inspection of Books	  	 	25	 
	 5.4
	 	[INTENTIONALLY OMITTED]	  	 	25	 
	 5.5
	 	Tax Matters and Elections	  	 	25	 
	 5.6
	 	Code Section 83 Safe Harbor Election.	  	 	27	 

  
 i 

							
	ARTICLE VI	  

		
	 MANAGEMENT AND RESTRICTIONS
	  	 	27	 
	 6.1
	 	Managing Member	  	 	27	 
	 6.2
	 	IPO	  	 	30	 
	 6.3
	 	Fees and Expenses	  	 	31	 
	 6.4
	 	Members	  	 	32	 
	 6.5
	 	Interest and Capital Withdrawals	  	 	32	 
	 6.6
	 	Permitted Goldman Sachs Activities	  	 	32	 
	 6.7
	 	[INTENTIONALLY OMITTED]	  	 	33	 
	 6.8
	 	Additional Investments by Members	  	 	33	 
	 6.9
	 	Standard of Care; Indemnification Obligations	  	 	33	 
	 6.10
	 	Transactions with the Managing Member and its Affiliates	  	 	35	 
	
	ARTICLE VII	  

		
	 LIABILITY OF MEMBERS
	  	 	35	 
	
	ARTICLE VIII	  

		
	 TRANSFER OF LIMITED LIABILITY COMPANY INTERESTS
	  	 	36	 
	 8.1
	 	Restrictions on Transfer	  	 	36	 
	 8.2
	 	Expenses of Transfer	  	 	37	 
	 8.3
	 	Indemnification by Transferor	  	 	37	 
	 8.4
	 	Responsibility for Commitments	  	 	37	 
	 8.5
	 	Recognition of Transfer	  	 	38	 
	 8.6
	 	Status of Transferor	  	 	38	 
	 8.7
	 	Transfers by Assignee	  	 	38	 
	 8.8
	 	Substituted Members	  	 	38	 
	 8.9
	 	Conditions of Admission	  	 	38	 
	 8.10
	 	Rights Prior to Admission	  	 	38	 
	 8.11
	 	Transfers During a Fiscal Year	  	 	39	 
	
	ARTICLE IX	  

		
	 WITHDRAWAL, DEATH, INCOMPETENCY
	  	 	39	 
	 9.1
	 	Withdrawal of Members	  	 	39	 
	 9.2
	 	Economic and Other Sanctions	  	 	40	 
	 9.3
	 	Effect of Death, Etc	  	 	41	 
	
	ARTICLE X	  

		
	 DISSOLUTION; PROCEDURE ON DISSOLUTION
	  	 	41	 
	 10.1
	 	Dissolution	  	 	41	 
	 10.2
	 	Dissolution Procedures	  	 	41	 
	
	ARTICLE XI	  

		
	 MISCELLANEOUS
	  	 	42	 
	 11.1
	 	Amendment	  	 	42	 
	 11.2
	 	Investment Representations	  	 	44	 

  
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	 11.3
	 	FCC Representations and Covenants	  	 	44	 
	 11.4
	 	Power of Attorney	  	 	45	 
	 11.5
	 	Instruments	  	 	46	 
	 11.6
	 	Successors and Assigns	  	 	46	 
	 11.7
	 	Governing Law	  	 	46	 
	 11.8
	 	Jurisdiction and Venue; Waiver of Jury Trial	  	 	46	 
	 11.9
	 	Gender, Etc	  	 	47	 
	 11.10
	 	No Partition	  	 	47	 
	 11.11
	 	Notices	  	 	47	 
	 11.12
	 	Counterparts	  	 	47	 
	 11.13
	 	Headings	  	 	47	 
	 11.14
	 	Confidentiality	  	 	48	 
	 11.15
	 	Side Letters	  	 	50	 
	 11.16
	 	[INTENTIONALLY OMITTED]	  	 	50	 
	 11.17
	 	Grantors of Revocable Trusts	  	 	50	 
	 11.18
	 	Financing	  	 	50	 
	 11.19
	 	[INTENTIONALLY OMITTED]	  	 	51	 
	 11.20
	 	Each Interest in the Company is a Security	  	 	51	 
	 11.21
	 	Voting	  	 	51	 

  
 iii 

 MN8 ENERGY OPERATING COMPANY LLC 

A Delaware Limited Liability Company 

SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT 

THIS SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of MN8 Energy Operating Company LLC (the
“Company”) is made and entered into as of August 4, 2022 (the “Effective Date”), by and among MN8 Energy LLC, in its capacity as a Member (as defined below) of the Company (the “Parent
Company”) and as the managing member of the Company (the “Managing Member”), GSAM Holdings II LLC, in its capacity as the Special Interest Member (as defined below) and any other Persons who are admitted as Members of the
Company from time to time. This Agreement shall constitute the “limited liability company agreement” of the Company, as defined in the Delaware Limited Liability Company Act (6 Del. C. §18-101,
et seq.), as amended from time to time (the “Delaware Act” or the “Act”). 
 WHEREAS, the Company was
formed pursuant to the filing of a Certificate of Formation of the Company dated and filed on September 19, 2017 (as amended from time to time, the “Certificate of Formation”), in accordance with the Delaware Act; 

WHEREAS, the Parent Company entered into a limited liability company agreement of the Company, dated September 19, 2017 (the
“Original Agreement”); 
 WHEREAS, the Parent Company, in its capacity as the initial sole Member of the Company and as the
Managing Member, and the Special Interest Member entered into an amended and restated limited liability company agreement of the Company, dated February 9, 2018, to reflect the addition of the Special Interest Member and the Managing Member as
parties to the Original Agreement (as amended prior to the date hereof, the “Amended and Restated Agreement”); 
 WHEREAS,
the Managing Member and the Members entered into Amendment No. 1 to the Amended and Restated Agreement of the Company, dated April 30, 2019, to reflect certain amendments to the Amended and Restated Agreement; and 

WHEREAS, in connection with the transactions contemplated by the Internalization Agreement dated as of May 18, 2022 (the
“Internalization Agreement”) by and among MN8 Energy, Inc. ( “GSRP Holdings”), the Company, the Parent Company, Goldman Sachs Asset Management, L.P., GSAM Holdings LLC and the Special Interest Member, the Members
desire to enter into this Agreement to amend and restate the Amended and Restated Agreement in its entirety and to operate the Company in the manner set forth herein. 

NOW, THEREFORE, the parties hereto agree to be bound by the terms and provisions hereof and to amend and restate the Amended and Restated
Agreement in its entirety and to substitute the terms hereof as follows: 

  
 1 

 ARTICLE I 

GENERAL PROVISIONS 

1.1 Name. The name of the Company is MN8 Energy Operating Company LLC, or such other name or names as the Company may
from time to time designate. 
 1.2 Principal Office. The principal office of the Company shall be at such location as
the Company may from time to time determine in its discretion. The business of the Company, or any part thereof, may, however, be conducted elsewhere. 

1.3 Registered Office and Agent. The address of the Company’s registered office in Delaware is 251 Little Falls
Drive, Wilmington, County of New Castle, and its registered agent at such address for service of process is Corporation Service Company; provided, however, that the Company may change its registered office and/or registered agent at
any time or from time to time. 
 1.4 Purposes. The purposes of the Company are to, directly or indirectly through one
or more subsidiaries, (a) implement the Company’s business plan of pursuing opportunities in renewable energy and related infrastructure and engaging in activities related thereto, including without limitation (i) acquiring, owning,
operating and supporting renewable energy projects (the “Projects”), (ii) entering into development support arrangements with third-party developers with respect to Projects that are under development or construction or otherwise
provide financial or other support to developers with respect to Projects in varying stages of development, including by serving as lender to fund the development or construction of Projects (such arrangements, “Energy Project
Loans”) and (iii) acquiring and owning other renewable energy-related or other assets (such other assets, together with Projects and Energy Project Loans in which the Company has an interest (directly or indirectly through one or more
subsidiaries) from time to time, the “Portfolio Assets”), (b) engage in any other activities which may be directly or indirectly related or incidental to any of the foregoing and (c) in furtherance of the business objectives of
the Company, engage in any lawful act or activity for which limited liability companies may be formed under the laws of the State of Delaware. The Company shall have all the powers available to it as a limited liability company formed under the laws
of the State of Delaware, including, without limitation, all power and authority to enter into, make and perform all contracts and other undertakings and to engage in all activities and transactions and take any and all actions necessary,
appropriate, desirable, incidental, or convenient to or for the furtherance or accomplishment of the above purposes or of any other purpose permitted by the Act or the furtherance of any of the provisions herein set forth and to do every other act
and thing incidental thereto or connected therewith, including allocation of capital of the Company pending its utilization or disbursement, and any and all of the other powers that may be exercised on behalf of the Company by the Managing Member
pursuant to this Agreement. The Company shall not be limited as to the number or types of Portfolio Assets, or the amount contributed toward particular Portfolio Assets, and may allocate assets without restriction (subject to the limitations set
forth in this Agreement). 
 1.5 Register. The names of the Members and the amounts of their respective Capital
Commitments shall be set forth in a register, which shall be filed with the records of the Company and which may be amended from time to time by or on behalf of the Managing Member in accordance with the provisions of this Agreement. 

  
 2 

 1.6 Definitions. All references in this Agreement to financial
statements, assets, liabilities, profits, and losses and similar accounting items with respect to the Company mean such items prepared or determined using the accrual method of accounting, or such other method as the Managing Member chooses, and the
application of U.S. generally accepted accounting principles as from time to time in effect, subject to any specific accounting treatment required by a particular section of this Agreement. 

For purposes of this Agreement, the following terms shall have the respective meanings set forth below: 

1.6.1 “Act” or “Delaware Act” means the Delaware Limited Liability
Company Act (6 Del. C. §18-101, et seq.), as from time to time amended.” 
 1.6.2
“Acquisition Expenses” is defined in Section 1.6.26. 
 1.6.3
“Additional Acquisition” is defined in Section 3.1.5. 
 1.6.4
“Administration Fee” is defined in the MSA. 
 1.6.5 “Administration Fee
Rebate” means any rebate of Administration Fees pursuant to Section 7.1(b) of the MSA. 
 1.6.6
“Advisers Act” means the Investment Advisers Act of 1940, as from time to time amended. 
 1.6.7
“Affiliate” of any Person means any Person that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such Person. The term “control”
means: (i) the legal or beneficial ownership of securities representing a majority of the voting power of any Person or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of a Person, whether by contract or otherwise. 
 1.6.8 “Aggregate Incentive Distribution”
means, as of any date, the sum of (i) the aggregate Incentive Allocation distributed to the Special Interest Member prior to such date plus (ii) $30,000,000. 

1.6.9 “Agreement” means this Second Amended and Restated Limited Liability Company Agreement as the same
may be amended from time to time. 
 1.6.10 “Assignee” is defined in
Section 8.3. 
 1.6.11 “Bank Holding Company Act” means the U.S. Bank
Holding Company Act of 1956, as the same may be amended from time to time. 
 1.6.12 “Beneficial Owner” has
the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular
“person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or
exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. 
 1.6.13
“Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to close. 

  
 3 

 1.6.14 “Capital Account” means, with respect to any
Member, the individual capital account of such Member maintained in accordance with Section 4.1.2. 
 1.6.15
“Capital Commitment” means, with respect to each Member, the aggregate Capital Contributions which such Member has agreed to make as set forth in its Subscription Agreement to the extent accepted by the Managing
Member. 
 1.6.16 “Capital Contribution” means, with respect to a Member, that amount of capital
actually contributed or deemed to have been contributed by such Member to the Company pursuant to this Agreement. For purposes of determining the amount of the Parent Company’s Capital Contribution, amounts contributed to the Parent Company by
the Parent Company Members that are used to pay the Parent Company’s Company Expenses (as such term is defined in the applicable Parent Company Agreement) shall be deemed contributed to the Company by the Parent Company. Capital will not be
considered contributed to the Company by a Member until actually received by the Company from such Member; provided, however, that no Capital Contributions will be treated as being received by the Company on any date earlier than the
due date for such contributions. 
 1.6.17 “Capital
Sub-Account” is defined in Section 4.1.2. 

1.6.18 “Catch-Up Amount” means 15% of the sum of (i) the Preferred
Hurdle and (ii) aggregate Incentive Allocation distributions for the applicable Final Incentive Allocation Reference Period. 

1.6.19 “Certificate of Formation” is defined in the recitals of this Agreement. 

1.6.20 “Change of Control” means, in respect of a Person, in one or a series of related transactions,
(i) the sale or transfer of all of the outstanding equity interests of such Person or (ii) the merger or consolidation of such Person with another Person or entity, except that a transaction described in clause (i) or (ii) above
solely involving a Person and one or more wholly owned Subsidiaries or involving two wholly owned Subsidiaries of such Person shall not constitute a Change of Control, provided that the determination of whether a direct or indirect subsidiary of the
GSRP Parties is considered to be wholly-owned will be made without regard to any outstanding tax equity interests and interests in the Company held by the Special Interest Member. 

1.6.21 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

1.6.22 “Company” is defined in the recitals of this Agreement. 

1.6.23 “Company Expenses” is defined in Section 6.3.1. 

1.6.24 “Confidential Information” is defined in Section 11.14.1. 

1.6.25 “Contributed Capital” means all amounts contributed or deemed contributed to the Company, adjusted
as appropriate for the admission of additional Members or Members increasing their Capital Commitments (including contributions of amounts described in the definition of Recallable Capital, and excluding recalls of amounts that were distributed as
other than a return of Contributed Capital, each as determined by the Managing Member). Amounts will be treated as being contributed to the Company from the time such contributions are received by the Company; provided, however, that
no Capital Contributions will be treated as being received by the Company on any date earlier than the due date for such contributions. 

  
 4 

 1.6.26 “Core Operating Profit” is an amount equal to
(i) the Project Operating Income (as defined below), plus, without double-counting, (ii) any other net revenue of the Company (taking into account only the Company’s direct or indirect proportionate share of such amounts, but
excluding any items of Other Profit or Loss (as defined below)), less (iii) the Administration Fee (if an amount is payable by the Parent Company or the Company) (for the avoidance of doubt, the Administration Fee excludes administration fees
borne directly or indirectly at the Project level by persons other than the Parent Company or the Company), the Management Fee, Company Expenses and Parent Company Expenses (other than U.S. federal, state and local income taxes, if any, imposed on
the Company) and the Economic Depreciation of Projects incurred during the applicable period, plus (iv) any Administration Fee Rebate, less (v) any distributions made to tax equity investors (but not including any amounts paid to tax
equity investors to acquire all or a portion of their interests in a Project (i.e., a buyout of such tax equity investor’s tax equity membership interest)), and plus or minus (vi) without duplication, any Other Profit or Loss. For purposes
of calculating Core Operating Profit, (a) a distribution to a tax equity investor pursuant to a tax equity agreement shall reduce Core Operating Profit from the date such a distribution is made through the date of the next expected distribution
as determined by the Managing Member (in consultation with the Special Interest Member) (such period, the “Distribution Period”) such that Core Operating Profit for each fiscal quarter that falls within a given Distribution Period
shall be reduced by the total amount of the tax equity distribution multiplied by a fraction that is equal to the number of days in such quarter that fall within the Distribution Period divided by the total number of days during the Distribution
Period; (b) mark-to-market gains or losses on any assets or liabilities will be disregarded and (c) (1) expenses that the Managing Member determines to have
been incurred in connection with the acquisition of a Project, regardless of when such expenses were incurred (“Acquisition Expenses”), will be capitalized into, and treated as part of, the Company’s total purchase price for
such Project for purposes of the calculation of Economic Depreciation, whether or not such Acquisition Expenses are considered acquisition expenses under generally accepted accounting principles and (2) Acquisition Expenses will not be treated
as “Company Expenses.” 
 1.6.27 “CPLR” is defined in
Section 11.8.4. 
 1.6.28 “Default Interest” is defined in
Section 3.4.2. 
 1.6.29 “Default Interest Purchase Price” is defined
in Section 3.4.2. 
 1.6.30 “Default Price” is defined in
Section 3.4.2. 
 1.6.31 “DEUCC” is defined in
Section 11.20. 
 1.6.32 “Disposition Cash Flows” is defined in
Section 4.4.1. 
 1.6.33 “Dodd-Frank Act” means the U.S. Dodd-Frank Wall
Street Reform and Consumer Protection Act, as it may be amended from time to time, and together with the regulations to be promulgated thereunder. 

1.6.34 “Drawdown” is defined in Section 3.1.1. 

1.6.35 “Drawdown Notice” is defined in Section 3.1.1. 

1.6.36 “Economic Depreciation” is calculated with respect to each Project, by depreciating the Company’s
total Purchase Price for such Project using straight-line depreciation over (i) for Projects that were acquired by the Operating Company at the commencement of such Project’s commercial operations, thirty-five (35) years, the expected
operating life of such Projects or (ii) for all other Projects, thirty-five (35) years, less the number of years elapsed since the commencement of such Project’s commercial operations. 

  
 5 

 1.6.37 “Effective Date” is defined in the Preamble. 

1.6.38 “Energy Project Loans” is defined in Section 1.4. 

1.6.39 “Equity Valuation” means, in respect of a (x) Traditional IPO, the price to the public in the
underwriting agreement for such offering multiplied by the number of shares of common stock of the IPO Entity issued in the Pre-IPO Issuance (as that term is defined in the Internalization Agreement) or
(y) Sale, SPAC Transaction or Reverse Merger, the value received by the equity holders of the GSRP Parties in connection with such transaction (whether directly or indirectly following a distribution by the GSRP Parties of such consideration),
including (i) any cash consideration to be paid by the counterparty or to be distributed by the GSRP Parties in connection with such transaction, (ii) for any common stock of the counterparty that is listed on a National Securities
Exchange, the value of any such common stock to be issued by the counterparty (or issued by any entity newly formed for the purpose of owning the combined business of the GSRP Entities and the counterparty), with such common stock being valued at
the volume weighted average trading price for the common stock of the counterparty for the ten trading days immediately preceding the second trading day prior to the closing of such transaction (on any applicable split adjusted basis), and
(iii) for all other securities and assets, the fair market value of such securities and assets to be paid by the counterparty as of the time the definitive documents for such transaction are executed as determined by the Parent Company Board,
subject to the right of Goldman Sachs Asset Management, L.P. to dispute such fair market value to an independent valuation firm pursuant to the Valuation Dispute Procedures (as defined in the Internalization Agreement). The value of any amounts to
be paid by the counterparty contingent upon future events shall be determined by the Parent Company Board for purposes of the Equity Valuation calculation, subject to the right of Goldman Sachs Asset Management, L.P. to dispute such value to an
independent valuation firm pursuant to the Valuation Dispute Procedures. 
 1.6.40 “ERISA” means the
U.S. Employee Retirement Income Security Act of 1974, as the same may be amended from time to time. 
 1.6.41
“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 
 1.6.42
“Exit Event” means (i) an IPO or (ii) a Sale. 
 1.6.43
“FATCA” means one or more of the following, as the context requires: 
 (i) sections
1471 to 1474 of the Code and any associated legislation, regulations or guidance, commonly referred to as the US Foreign Account Tax Compliance Act, the Common Reporting Standard issued by the Organisation for Economic Cooperation and Development
(OECD), or similar legislation, regulations or guidance enacted in any other jurisdiction which seeks to implement equivalent tax reporting and/or withholding tax regimes; 

(ii) any intergovernmental agreement, treaty or any other arrangement (including between any government bodies in each relevant
jurisdiction) entered into to facilitate, implement, comply with or supplement the legislation, regulations or guidance described in paragraph (i); and 

  
 6 

 (iii) any legislation, regulations or guidance implemented in the Cayman
Islands to give effect to the matters outlined in the preceding paragraphs. 
 1.6.44 “Final Closing
Date” means the final Subsequent Closing Date, which shall occur no later than twelve (12) months following the Initial Closing Date. 

1.6.45 “Goldman Sachs” means The Goldman Sachs Group, Inc. (or any Successor to its business), together
with Goldman Sachs & Co. LLC and its other subsidiaries and affiliates, including, Goldman Sachs Asset Management, L.P., the Investment Management Division of The Goldman Sachs Group, Inc. and their respective subsidiaries and Affiliates.

 1.6.46 “Goldman Sachs Person” is defined in Section 6.6. 

1.6.47 “GS Affiliated Member” means any Member, in his, her or its capacity as a Member, which:
(i) is The Goldman Sachs Group, Inc. or its Successor; (ii) is any Person the ownership of which is substantially the same as that of The Goldman Sachs Group, Inc. or its Successor; (iii) is a current or former Goldman Sachs employee
or an investment vehicle of such employee, or any Affiliate of the Managing Member, in each case designated as a GS Affiliated Member from time to time by the Managing Member; (iv) owns at least 20% of or controls, directly or indirectly, The
Goldman Sachs Group, Inc. or its Successor and is designated as a GS Affiliated Member from time to time by the Managing Member, (v) is the Special Interest Member or (vii) is at least 20% owned or controlled, directly or indirectly, by
The Goldman Sachs Group, Inc. or its Successor, by any Person the ownership of which is substantially the same as that of The Goldman Sachs Group, Inc. or its Successor, or by any Person that owns at least 20% of or controls The Goldman Sachs Group,
Inc. or its Successor and in each case is designated as a GS Affiliated Member from time to time by the Managing Member. 
 1.6.48
“GSRP Entities” means the Company, the Parent Company and their Subsidiaries. 
 1.6.49
“GSRP Holdings” is defined in the recitals of this Agreement. 
 1.6.50 “GSRP
Parties” means the Company and the Parent Company. 
 1.6.51 “Hedging Instruments”
means futures, forward, swap, and option contracts or other financial instruments with similar characteristics, including forward foreign currency exchange contracts, currency and interest rate swaps, exchanges, caps and options. 

1.6.52 “Incentive Allocation” is defined in Section 4.3.1. 

1.6.53 “Final Incentive Allocation Reference Period” is defined in Section 4.3.1. 

1.6.54 “Indemnified Person” or “Indemnified Persons” is
defined in Section 6.9.1. 
 1.6.55 “Initial Closing Date” means the first
date on which the Parent Company accepts Capital Commitments from Parent Company Members to purchase interests in the Parent Company. 

1.6.56 “Internalization” means the transactions contemplated by the Internalization Agreement. 

1.6.57 “Internalization Agreement” is defined in the recitals of this Agreement. 

  
 7 

 1.6.58 “Investment Company Act” means the U.S.
Investment Company Act of 1940, as the same may be amended from time to time. 
 1.6.59 “Investment
Fund” is defined in Section 3.4.8. 
 1.6.60 “Traditional
IPO” means the sale, in a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act, of Parent Company interests (or other equity securities of the Parent Company or an
IPO Entity) pursuant to which such interests (or other securities) are listed on any nationally or globally recognized securities exchange. 

1.6.61 “IPO” means (a) a Traditional IPO, (b) a SPAC Transaction or (c) a Reverse Merger.

 1.6.62 “IPO Entity” means GSRP Holdings or any other entity formed pursuant to a reorganization of
the Parent Company and any of its Affiliates for the purpose of effecting an IPO with respect to the equity securities of such IPO Entity that has been approved by the Parent Company Board. 

1.6.63 “Liquidation” means a sale of assets of the GSRP Entities pursuant to any liquidation, dissolution
or winding up of the business of the GSRP Entities pursuant to the second paragraph of Article II. 
 1.6.64
“Loss” or “Losses” is defined in Section 6.9.1. 

1.6.65 “Majority in Interest of the Members” means Members whose Capital Commitments constitute, in the
aggregate, a majority of the aggregate Capital Commitments of all Members, calculated in accordance with Section 11.21. 

1.6.66 “Management Fee” is defined in the MSA. 

1.6.67 “Managing Member” is defined in the recitals of this Agreement. 

1.6.68 “Media Company” means any Portfolio Asset that, directly or indirectly, owns any interest in,
controls or operates a broadcast station, cable television system, a wireless or wireline telecommunications business, daily newspaper, any other communications facility or any other activity regulated by the Federal Communications Commission. 

1.6.69 “Member” means one of the Members of the Company listed as a Member in the records of the Company.

 1.6.70 “Member Loan” is defined in Section 3.4.3. 

1.6.71 “Members” means all of those Persons who are members of the Company. 

1.6.72 “MSA” means the Management Services Agreement by and between the Parent Company and Goldman Sachs
Asset Management, L.P. dated as of February 9, 2018, and for the avoidance of doubt not taking into account any termination thereof. 

1.6.73 “National Securities Exchange” means any nationally or globally recognized securities exchange. 

1.6.74 “Notice” is defined in Section 5.6.1. 

  
 8 

 1.6.75 “OFAC” means the Office of Foreign Assets
Control of the U.S. Department of the Treasury. 
 1.6.76 “Offering Memorandum” means the confidential
offering memorandum of the Parent Company dated December 2017, as amended or supplemented from time to time. 
 1.6.77
“Original Agreement” is defined in the recitals of this Agreement. 
 1.6.78 “Other
Investment Programs” means additional investment partnerships, pooled investment vehicles, co-investment vehicles, separate accounts, managed accounts, funds of one or customized investment
programs, including investment funds having similar investment objectives as the Company, and other entities that have been or are hereafter established by Goldman Sachs. 

1.6.79 “Other Profit or Loss” is an amount equal to the Company’s direct or indirect proportionate share of
(i) proceeds from the disposition of a Project less remaining Economic Depreciation with respect to such Project and (ii) gains or losses from the disposition of any other asset of the Company. 

1.6.80 “Parent Company” is defined in the recitals of this Agreement. 

1.6.81 “Parent Company Agreement” means the Amended and Restated Limited Liability Company Agreement of
the Parent Company, as the same may be amended or restated from time to time. 
 1.6.82 “Parent Company
Board” means the board of directors of the Parent Company. 
 1.6.83 “Parent Company
Expenses” has the meaning ascribed to “Company Expenses” in the Parent Company Agreement. 
 1.6.84
“Parent Company Member” means each Person who is a member of the Parent Company. 
 1.6.85
“Parent Company Specified Percentage” means, in the case of an Exit Event, 
 82%, and, in the case of a Liquidation,
85%. 
 1.6.86 “Person” means any natural person, partnership (whether general or limited), limited
liability company, corporation, trust, estate, association, custodian, nominee or other entity in its own or any representative capacity, in each case, whether domestic or foreign. 

1.6.87 “Pre-Disposition Distributions” is defined in
Section 4.4.1. 
 1.6.88 “Portfolio Acquisition Period” is defined in
Section 3.1.5. 
 1.6.89 “Portfolio Asset” is defined in
Section 1.4. 
 1.6.90 “Portfolio Distributions” means all
distributions made by Portfolio Assets. 
 1.6.91 “Preferred Hurdle” is defined in Section 4.3.1.

 1.6.92 “Prime” means the U.S. prime interest rate, as determined from time to time. 

  
 9 

 1.6.93 “Project Operating Income” equals the EBDA (i.e.,
earnings before depreciation and amortization) of the Company, inclusive of its proportionate ownership interest in Projects held through wholly or partially-owned subsidiaries or other entities through which the Company holds interests in Projects.

 1.6.94 “Projects” is defined in Section 1.4. 

1.6.95 “Promote” is defined in Section 4.4.2. 

1.6.96 “Public Entity” means following (i) a Traditional IPO, the IPO Entity, and (ii) a SPAC
Transaction or a Reverse Merger, the issuer whose common equity is listed for trading on a National Securities Exchange immediately following closing of such transaction that was a party to, or created as a result of, such transaction. 

1.6.97 “Purchase Price” of a Project is an amount equal to: (i) all amounts paid in connection with the
acquisition of the assets of a given Project (including, for example, renewable energy certificates), whether funded with equity or borrowed money, (ii) any debt assumed as part of the acquisition of the Project (the amount of such debt being
equal to the balance of such debt as of the date of acquisition), (iii) any Acquisition Expenses, and (iv) any amounts paid to third parties who have an existing economic interest in the Project (such as tax equity investors or developers) for
the purpose of acquiring such third parties’ economic interest in the Project. 
 1.6.98 “Recallable
Capital” means, with respect to any Member as of any date, an amount equal to the sum of distributions made or deemed made to such Member pursuant to ArticleIV that, in the discretion of the Managing Member: (i) are
required to satisfy any indemnification, reimbursement, contribution or similar obligation of the Company (including any obligation resulting from applicable law) or any other expense or obligation of the Company, including repayment of
indebtedness; (ii) are subject to recall or reimbursement from or recontribution by the Company or (iii) are returned to such Member without having been allocated by the Company to Portfolio Assets. 

1.6.99 “Reverse Merger” means any transaction or series of related transactions, however structured but
excluding any SPAC Transaction, between one or more of the GSRP Entities and a counterparty whose equity is listed on a National Securities Exchange, and where, as a result of and immediately following closing of such transaction, the equityholders
of the GSRP Parties own a majority of the issued and outstanding equity of the Public Entity. 
 1.6.100
“Sale” means, whether in one transaction or a series of transactions, the consummation of (i) any sale, exchange, transfer or issuance of equity interests, merger, reorganization, or similar transaction,
which, directly or indirectly, results in a Change of Control of the Company or Parent Company or (ii) any sale, exchange or transfer of all or substantially all of the assets of the GSRP Entities (taken as a whole) that does not constitute a
Liquidation, IPO or pre-IPO reorganization pursuant to Section 6.2.1. 

1.6.101 “Sanctioned Member” means any Member subject to sanctions under any Sanctions Laws and
Regulations, for and only for the period of time that such Member is subject to such sanctions. 
 1.6.102 “Sanctions Laws
and Regulations” means: (i) any U.S. sanctions laws and regulations imposed or administered by OFAC and (ii) any other trade, economic, military or other sanctions laws or regulations imposed by the United Nations or
any governmental or regulatory authority of the United States, the European Union, and individual member states of the European Union. 

  
 10 

 1.6.103 “Securities Act” means the U.S.
Securities Act of 1933, as amended. 
 1.6.104 “Shortfall Amount” is defined in
Section 3.1.4. 
 1.6.105 “Side Letter” is defined in
Section 11.15. 
 1.6.106 “SIM Account” is defined in
Section 4.2. 
 1.6.107 “SIM Specified Percentage” means, in the case of an Exit
Event, 18%, and, in the case of a Liquidation, 15%. 
 1.6.108 “SPAC Transaction” means any transaction or
series of related transactions in which a “special purpose acquisition company” or other “blank check” vehicle with common equity listed for trading on a National Securities Exchange and formed for the purpose of acquiring one or
more businesses acquires or merges with or into a GSRP Entity in an initial business combination for such company, including an acquisition of such a vehicle by a GSRP Entity or an acquisition of a GSRP Entity by an entity formed by such a vehicle
to act as a parent successor entity to such vehicle, irrespective of the form of transaction. 
 1.6.109 “Special Interest
Member” means the Member that owns the right to receive the distributions in respect of the Incentive Allocation and the Promote. Following a distribution of the Promote by the Company to the Special Interest Member pursuant to
Section 4.4, there shall no longer be a Special Interest Member and all rights of the Special Interest Member pursuant to this agreement shall be terminated. For the avoidance of doubt, following the exchange or other
transfer of the right to the Promote to another Person, the transferring Person shall no longer be the Special Interest Member and all the transferring Person’s rights pursuant to this agreement shall be terminated. 

1.6.110 “Specified Event” means the first to occur of an Exit Event or a Liquidation. 

1.6.111 “Sub-Account” is defined in
Section 4.1.1. 
 1.6.112 “Sub-Account Incentive
Distribution” is defined in Section 4.4.2(c). 
 1.6.113 “Subscription
Agreement” means the subscription agreement executed by each Member in connection with such Member’s subscription for an interest in the Company. 

1.6.114 “Subsequent Closing Date” means each date on which a subsequent closing of the Company is held.

 1.6.115 “Substituted Member” is defined in Section 8.3. 

1.6.116 “Successor” means, with respect to any specified Person, any other Person which succeeds to the
business of such specified Person substantially and in the entirety. 
 1.6.117 “Tax Cost” is
defined in Section 5.5.6. 
 1.6.118 “Tax Matters Representative” is
defined in Section 5.5.1. 

  
 11 

 1.6.119 “Transfer” is defined in
Section 8.1.1. 
 1.6.120 “Undrawn Commitment” means, with respect to any
Member as of any date, the excess of (A) the sum of: (i) such Member’s Capital Commitment plus (ii) such Member’s Recallable Capital over (B) the sum of: (i) the Capital Contributions previously paid by such Member
to the Company plus (ii) the Drawdowns (which have not yet been paid) of such Member to the Company. 
 1.7 For all purposes of
this Agreement and any schedules and exhibits hereto, except as expressly provided herein or unless the context otherwise requires, the words “including,” “includes,” “include,” and words of similar import shall be
deemed to be followed by the phrase “without limitation” and shall be regarded as a reference to non-exclusive and non-characterizing illustrations. Except as
otherwise expressly provided herein, in any case where Goldman Sachs, the Company or the Managing Member is authorized or required to take an action, exercise its discretion, make any determination or give any approval, it shall do so in its sole
discretion or sole judgment taking into account any considerations it deems appropriate. It is intended that the terms of this Agreement be construed in accordance with their fair meanings and not against any particular Person, including Goldman
Sachs and the Managing Member. 
 In any case where Goldman Sachs, the Company, the Managing Member or any Person appointed by any of the
foregoing is authorized, required or requested under this Agreement to take or omit an action, make any decision, determination or valuation or grant or withhold any approval, consent or waiver, including any action authorized in its
“opinion”, “judgment”, “discretion”, “sole discretion” or similar grant of authority or latitude: (i) it shall do so (or not do so) in its sole and absolute discretion or judgment, with or without cause;
(ii) it shall be entitled to (but not required to) take into account any considerations, interests or factors it deems appropriate or desirable, including its own interests and interests of its Affiliates and shall have no duty or obligation to
give any consideration to any interest of or factors affecting the Company or the Members; (iii) such action (or inaction), decision, determination, valuation, or grant or withholding of approval, consent or waiver shall be final, binding and
conclusive as to the Company, all Members and their respective successors, assigns and personal representatives; and (iv) where it is expressly required to be reasonable or follow some other express standard, it will only be required to act
under that express standard and to the fullest extent permitted by law it shall not be subject to any duties or standards (including fiduciary or similar duties or standards) existing under applicable law (or in equity). Each Member hereby agrees
that any standard of care or duty imposed in this Agreement or any other agreement contemplated herein or under the Act or any other applicable law, rule or regulation shall be modified, waived or limited in each case as required to permit Goldman
Sachs, the Company, the Managing Member and any Person appointed by any of the foregoing, as applicable, to act under this Agreement or any other agreement contemplated herein and to make any decisions, in each case pursuant to the authority
prescribed in this Section 1.7. For the avoidance of doubt, in no way does this Section 1.7 eliminate or modify the Managing Member’s duty to act at all times in good faith in accordance with
the Act. 
 ARTICLE II 

DURATION 
 The Company
shall be wound up and subsequently dissolved one year after the date by which all of the Company’s Portfolio Assets have been liquidated and the Company’s obligations (including contingent obligations) have terminated; provided,
that the Managing Member, at any time and in its discretion, with the consent of the Special Interest Member, but without the consent 

  
 12 

 
of any other Member, may adopt an amendment to this Agreement, (i) that would cause the Company to automatically dissolve and terminate no later than the fifteenth anniversary of the
formation of the Company or (ii) to limit the duration of the Company’s ownership of any Portfolio Asset to a period of 15 years or 10 years, as needed to comply with applicable law (including the Bank Holding Company Act). 

In the event that the Parent Company has not consummated an Exit Event by the fifth anniversary of the end of the Portfolio Acquisition
Period, subject to extension for one year at the option of the Parent Company Board (in consultation with the Special Interest Member), the Managing Member shall seek to liquidate the Company’s assets in such manner and over such time as it
determines to be appropriate as the opportunities to sell such assets on terms that the Parent Company Board (in consultation with the Special Interest Member) determines to be advantageous to the Company and the Members become available, and
following the liquidation of the Company’s assets and the termination of the Company’s obligations (including contingent obligations), the Company shall be wound up and subsequently dissolved in accordance with applicable law and the terms
of this Agreement. The Special Interest Member shall be entitled to receive the Promote, which will be calculated with respect to the Special Interest Member as set forth in Section 4.4. 

Notwithstanding the foregoing, the Company shall dissolve, wind up, and terminate as set forth in Article X. 

ARTICLE III 

CONTRIBUTIONS TO CAPITAL 

3.1 Capital Contributions. 

3.1.1 At any time and from time to time, the Company may deliver a notice (each a “Drawdown Notice”) to each Member
that a drawdown of capital (a “Drawdown”) is being made with respect to all or a portion of such Member’s Capital Commitment (up to the amount of its Undrawn Commitment). Each Drawdown Notice shall specify the due date and the
amount of the Drawdown and shall be provided at least 5 Business Days prior to the date the amount called is due. Each Member agrees to fund each Drawdown and further agrees that its obligation to fund each Drawdown is absolute and unconditional,
without right of offset, counterclaim or defense, and that exceptions generally will not be permitted for any reason. The amount of the Drawdown specified in the Drawdown Notice may be applied by the Company for any use permitted under this
Agreement or the Act. Except as set forth in Sections 3.1.7, 4.7, 6.10, 8.3, and 9.2.3, a Member is not obligated to fund a Drawdown in excess of such Member’s Undrawn Commitment. 

3.1.2 In general, all Drawdowns in respect of Capital Commitments (except as otherwise provided in this
Section 3.1 and Drawdowns for the Incentive Allocation and the Promote, which may be payable or distributable at different rates with respect to different Parent Company Members) shall be made pro rata with respect to each Sub-Account in accordance with such Sub-Account’s portion of Undrawn Commitments. Drawdowns with respect to Recallable Capital shall generally be made with respect to
each Sub-Account pro rata based upon each such Sub-Account’s respective portions of distributions that are subject to recall. 

3.1.3 Payments by a Member of the amount specified in any Drawdown Notice must be made by wiring immediately available funds to the
Company or an account designated by the Company not later than the date specified in the Drawdown Notice. Capital will not be considered contributed to the Company by a Member until actually received by the Company (or the account designated by the
Company) from such Member (and in no event earlier than the due date for such Capital Contributions). 

  
 13 

 3.1.4 Unless otherwise expressly agreed in writing between a Member and the Managing
Member, all payments contemplated under this Agreement and each such Member’s obligations relating to its ownership of an interest in the Company (including all indemnification obligations) must be satisfied by payment in U.S. dollars. Each
Member’s obligation to pay U.S. dollars to the Company shall not be satisfied by payment in any other currency, whether pursuant to a judgment or otherwise, to the extent that the amount actually received by the Company upon conversion of
amounts received in any other currency to U.S. dollars falls short of the amount of U.S. dollars originally due to the Company (the “Shortfall Amount”). Each Member agrees as a separate obligation and notwithstanding any such
judgment, to pay to the Company on demand any Shortfall Amount. For the avoidance of doubt, no Member shall be liable for any Shortfall Amount due to the Company with respect to any other Member. 

3.1.5 The Company may issue Drawdowns from Members for the purpose of acquiring Portfolio Assets from the Initial Closing Date until the
third anniversary of the Final Closing Date, provided that this period may be extended for one additional year at the option of the Managing Member (the “Portfolio Acquisition Period”). Drawdowns may be issued at any time prior to
the expiration of the Portfolio Acquisition Period for any permitted purpose. Following the end of the Portfolio Acquisition Period, the Company may issue Drawdowns only: (i) to pay, and/or establish reserves for, the Company’s actual or
anticipated expenses (including Company Expenses), liabilities, including obligations relating to indemnification or the payment or repayment of indebtedness or other obligations, contingent or otherwise, whether incurred before or after the end of
the Portfolio Acquisition Period, (ii) to fulfill commitments made or reserved for prior to the expiration of the Portfolio Acquisition Period, (iii) to engage in hedging transactions, or (iv) to allocate additional capital to
existing Portfolio Assets (each, an “Additional Acquisition”) (including transactions to hedge interest rate or currency risks related to an Additional Acquisition). 

3.1.6 The Company will invest undeployed funds in its discretion (including in a Goldman Sachs money market fund or account). 

3.1.7 If a Member fails to fund a Drawdown or other required payment to the Company on the due date set forth in the Drawdown Notice,
the Managing Member may, on behalf of the Company and in addition to any other recourse the Managing Member or the Company may have against such Member (including as set forth in Section 3.4), charge interest to such Member
on such overdue amount. Interest will accrue equal to simple interest at a floating rate equal to Prime plus two percent per annum, or such other rate as determined by the Managing Member, from and including the due date set forth in the Drawdown
Notice until but not including the date such overdue amount is paid. 
 3.2 [INTENTIONALLY OMITTED] 

3.3 [INTENTIONALLY OMITTED] 

3.4 Default by Member. 

  
 14 

 3.4.1 The Members agree that prompt payment of a Drawdown and of any amounts required
to be paid by the Members under Sections 4.7, 5.5.6, 6.10, and 8.3 or otherwise under this Agreement is of the essence, that failure of any Member to make such payment will cause irreparable harm to the Company and the
other Members, and that the amount of damages caused by such harm will be difficult to calculate. The Members acknowledge that failure by a Member promptly to pay a Drawdown (including in connection with a recall of distributions or to satisfy an
indemnification obligation) may require non-defaulting Members to contribute additional capital (not to exceed their then Undrawn Commitment) to satisfy such shortfall, may result in the Company’s default
in respect of its obligations, and may reduce the number of Portfolio Assets that the Company may acquire, each of which may affect the financial stability of the Company. Accordingly, the Members agree that, except as otherwise provided in
Section 9.2, if a Member shall fail to fund a Drawdown or other required payment to the Company under this Agreement when due within 10 calendar days of the due date set forth in the Drawdown Notice or other applicable
notice, or fails to comply with any term or condition set forth in this Agreement, the Member’s Subscription Agreement, or any other agreement related to a Member’s interest in the Company, such Member shall be in default; provided,
that the Company, in its discretion, may extend the time period before a default occurs. A defaulting Member shall not be entitled to vote on any matter upon which the Members are entitled to vote hereunder, and the Default Interest in the
Company will not be included in calculating the Company interests of the Members entitled to vote on or required to take any action under this Agreement. Upon any such default, the Company, in its discretion, may undertake any one or more of the
options listed below in this Section 3.4. 
 3.4.2 Upon any such default, the Managing Member will have the
option, but not the obligation, to undertake any one or more of the following options in any particular order or differently with respect to each defaulting Member, subject to applicable law: (i) to cause the Company to acquire all or part of
the interest of the defaulting Member in the Company (the “Default Interest”); (ii) assign the Company’s right to acquire all or part of the Default Interest to its Affiliate; or (iii) sell all or part of the Default
Interest to third parties (including any non-defaulting Member), including through a sale on a qualified matching service, whether or not such service is administered by Goldman Sachs, or otherwise; provided
that the Managing Member shall have no obligation to offer the Default Interest to any Person. A Transfer of all or part of a Default Interest, pursuant to clauses (i) and (ii) above, generally will be made at a price equal to the lower of:
(a) the fair value of the Default Interest as of the date of default (as reasonably determined in good faith by the Managing Member) and (ii) the book value of the Default Interest (as reasonably determined by the Managing Member in
accordance with generally accepted accounting principles) as of the end of the fiscal year immediately preceding the fiscal year in which the default is declared and adjusted for contributions from the defaulting Member and distributions, if any, to
the defaulting Member since the end of the fiscal year as of which these values are determined (the “Default Price”); provided that the Managing Member may transfer the Default Interest under clauses (i) and (ii) at a price
less than the Default Price with the consent of the defaulting Member (the Default Price or such lesser amount, the “Default Interest Purchase Price”). A transfer of a Default Interest under the circumstances described in
clause (iii) of this paragraph generally may be made at (and, for purposes of a transfer of Default Interest under the circumstances described in clause (iii) of this paragraph, the “Default Interest Purchase Price” will be
deemed to be) any price offered by any such third party, including at a price that is a significant discount to the book value of the Default Interest, and in some cases, solely in exchange for such third party’s assumption of the defaulting
member’s Undrawn Commitment. Any Person acquiring all or part of the Default Interest shall be required to assume the obligation of the defaulting Member to contribute to the Company the appropriate portion of past due Drawdowns (and any
amounts past due in respect of any other required payment) and future Capital Contributions related to the Default Interest or other required payments. Within 30 days of the payment of the Default Interest Purchase Price (or portion thereof if the
entire Default Interest is not acquired) to the Company, the defaulting Member will receive an amount equal to 50% of the Default Interest Purchase Price (or portion thereof). The remainder of the Default Interest Purchase Price (or portion thereof)
will be retained by the Company. The Person(s) acquiring all or a portion of the Default Interest shall succeed to all economic attributes associated with the portion of the Default 

  
 15 

 
Interest acquired, including a proportionate share of the Capital Account balance, any unreturned Contributed Capital, and the entire remaining Undrawn Commitment. In addition, the 50% of the
Default Interest Purchase Price retained by the Company shall be treated as an item of income solely for purposes of computing the Members’ respective Capital Account balances and shall be treated as an amount of proceeds realized from a
Portfolio Asset. 
 3.4.3 The Managing Member may in its discretion, but is not required to, arrange for a full recourse loan with an
expected maturity of 60 days or less, or such longer period in the discretion of the Managing Member (a “Member Loan”), to any Member who fails to make a timely Capital Contribution or other required payment to the Company, and the
proceeds of such Member Loan will be used to make such contribution or payment. A Member Loan may be secured by the Member’s interest in the Company and the Managing Member’s right to issue future Drawdown Notices to such Member, in each
case at the discretion of the Managing Member. The lender shall have full recourse to the Member, and the terms of any Member Loan, including the interest rate, shall be commercially reasonable as determined by the Managing Member in its discretion.
Each Member hereby irrevocably appoints the Managing Member as its attorney-in-fact to arrange such Member Loans, and to execute and deliver on behalf of such Member all
documents or other instruments related thereto, without prior notice to such Member. Such appointment and power of attorney is coupled with and is intended to secure an interest in property and the obligations of the relevant Member hereunder, is
irrevocable, shall survive the Transfer of the Member’s interest in the Company and shall survive and shall not be affected by, the subsequent death, disability, incapacity, incompetency, termination, bankruptcy, insolvency or dissolution of
the Member, but shall be limited to the term of the Company determined in accordance with this Agreement. Any Member on behalf of which a Member Loan is made shall remain liable to pay the remainder of its Capital Commitment in the amounts and on
the terms specified in this Agreement, in addition to payment of any amounts owing in respect of any Member Loan. Member Loans will not be made or arranged for any Member to the extent such Member Loans would be prohibited by applicable law,
including limitations under the Sarbanes Oxley Act of 2002 or the Dodd-Frank Act, nor will such loans be made or arranged for Members that are subject to the prohibited transaction rules of ERISA or the Code or for governmental plans that are
subject to similar laws, rules or regulations. A Member Loan will not alter the defaulting Member’s other obligations to the Company, including any obligation to make future Capital Contributions. 

3.4.4 The Managing Member may require, in its discretion, that the defaulting Member forfeit, without consideration, to the Company some
or all of its interest in the Company (including its interest in future allocations and distributions and some or all of the rights associated with such interest). Subject to applicable law, such forfeiture will not alter such defaulting
Member’s obligations to the Company, including any obligation to fund future Capital Contributions or make other required payments and such Member will continue to retain all such obligations. The Capital Account balance (and the Capital Sub-Account balance) associated with the portion of the Default Interest shall be forfeited and allocated to the non-defaulting Members pursuant to this
Section 3.4 as if it were an item of income. The Managing Member will determine appropriate mechanisms for implementing these provisions, including adjustments to the future distributions to Members to take into account any
forfeiture described above. 
 3.4.5 The Managing Member may allow a defaulting Member to withdraw from the Company upon such terms
and conditions as may be established by the Managing Member, which may include, without limitation, the execution of liability releases, payment of legal and administrative expenses and other reasonable fees and the forfeiture of all or a portion of
such Member’s Capital Account. 

  
 16 

 3.4.6 In addition to any obligation described in
Section 6.9, in connection with any default, each Member hereby agrees, if it is a defaulting Member, to indemnify the Company, the Managing Member and any of their respective Affiliates for any and all claims, losses,
liabilities or damages (including attorneys’ fees and other related out-of-pocket expenses) suffered or incurred by any such Person as a result of the defaulting
Member failing to make a required Capital Contribution or otherwise failing to comply with the terms of the Subscription Agreement, and the Managing Member may require the defaulting Member to be responsible for all fees and expenses (unless such
requirement is waived by the Managing Member), including attorneys’ fees and sales commissions, incurred as a result of the default. The Company generally will deduct such fees and expenses from net proceeds paid to the defaulting Member, if
any. 
 3.4.7 The remedies provided in this Section 3.4 are in addition to and not in limitation of any
other right or remedy of the Company, the Managing Member provided by law, at equity or under this Agreement, the Subscription Agreement, any client account implementation agreement or any related agreements. 

3.4.8 The Company may agree with the Parent Company and any other Member that is an investment vehicle that invests all or substantially
all of its assets in the Company (an “ Investment Fund”) that, if a direct investor in the Parent Company or other Investment Fund fails to make a contribution to the Parent Company or such or Investment Fund, as applicable, and as
a result the Parent Company or such other Investment Fund does not make all or a portion of a Capital Contribution or other required payment to the Company, the Company will treat the Parent Company or such other Investment Fund as a defaulting
Member, but solely with respect to the portion of the Parent Company’s or such other Investment Fund’s interest in the Company relating to the direct interest in the Parent Company or such other Investment Fund held by the direct investor
in the Parent Company or such other Investment Fund that failed to make a contribution to the Parent Company or such other Investment Fund, as applicable. 

3.4.9 Notwithstanding any provision of this Section 3.4 to the contrary, in the event that the Special
Interest Member is the defaulting Member, the provisions of Sections 3.4.2 and 3.4.4 shall not apply to the Special Interest Member’s right to receive the Incentive Allocation or Promote but only to that portion of its interest
attributable to its subscription obligations to the Company and its right to distributions, and allocations of income and loss related thereto. Accordingly, in no event shall any purchaser of a portion of the interest of the Special Interest Member
pursuant to Section 3.4.2 become entitled to any Incentive Allocation (or the associated portion of the Special Interest Member’s Capital Account balance), all of which shall be retained by the Special Interest Member,
nor shall any such purchaser become obligated to contribute to the Company any amount under Section 10.2.4 in respect of the interest it purchased pursuant to Section 3.4.2. In addition, in no
event shall the Special Interest Member be deemed to have forfeited pursuant to Section 3.4.4 the portion of its interest in the Company, which entitles the Special Interest Member to receive Incentive Allocations or
Promote (or the associated portion of the Special Interest Member’s Capital Account balance). 
 3.5 Admission of
Members. A Person shall be admitted as a Member of the Company at the time that: (i) a copy of the Subscription Agreement is executed by or on behalf of such Person; (ii) this Agreement or an amendment hereto or a counterpart
hereof or thereof is executed by or on behalf of such Person and by the Managing Member; (iii) the Managing Member consents to the admission of such Person as a Member; and (iv) such Person is listed as a Member of the Company in the
records of the Company. 

  
 17 

 3.6 Status Under ERISA. The Managing Member shall use its reasonable
best efforts to manage the Company so that the assets of the Company are not “plan assets” that are subject to Title I of ERISA or Section 4975 of the Code (or a comparable law or regulation). 

ARTICLE IV 
 CAPITAL
ACCOUNTS AND DISTRIBUTIONS 
 4.1 Sub Accounts; Capital Accounts. 

4.1.1 In connection with the Parent Company’s investment as a Member, the Company shall establish for each Parent Company Member a
memorandum account (each, a “Sub-Account”). Amounts contributed by, or to be distributed to, the Parent Company with respect to a Parent Company Member shall be accounted for in the Sub-Account established with respect to such Parent Company Member. The Sub-Account shall initially be an amount equal to the aggregate initial Capital Contributions with
respect to such Parent Company Member and shall be (i) increased to reflect any additional Capital Contributions made or deemed made pursuant to Section 3.1 by such Parent Company Member; (ii) increased (or
decreased) to reflect the gain or loss allocated with respect to such Parent Company Member for each accounting period; (iii) decreased to reflect the amount of any distributions pursuant to Section 4.3.2 with respect
to such Parent Company Member (including any deemed distributions), and any deemed distributions of taxes withheld or incurred by the Company pursuant to Section 4.7 in respect of such Parent Company Member; and (iv) decreased for
any Incentive Allocation and Promote pursuant to Section 4.3 or Section 4.4 with respect to such Parent Company Member. 

4.1.2 A separate capital account (a “Capital Account”) shall be established on the books of the Company with respect to
each Member and maintained in accordance with Section 704 of the Code. The Company shall also establish for each Parent Company Member a memorandum capital account (each, a “Capital
Sub-Account”) maintained in accordance with this Agreement and the principles of Section 704 of the Code as if such Parent Company Member were a Member of the Company and contributions by and
distributions to such Parent Company Member were in accordance with the Sub-Account established with respect to such Parent Company Member. Capital Accounts and Capital
Sub-Accounts shall be appropriately adjusted by the Managing Member, in its sole discretion, for events and items as determined by the Managing Member in its sole discretion, including for any taxes incurred
by the Company allocable to the relevant Member or Parent Company Member. Each Member’s share of Company liabilities for purposes of Section 752 of the Code shall be determined according to such Member’s entitlement to profits
hereunder such that, unless otherwise determined by the Managing Member to be impermissible under the Treasury Regulations, the Special Interest Member is allocated 15% of such Company liabilities. 

4.2 Special Interest Member Account. The Special Interest Member shall have a separate capital account in respect of its
Incentive Allocation (the “SIM Account“), which was equal to zero as of the date of the Amended and Restated Agreement, and which shall be (A) increased by any Incentive Allocation at the time such Incentive Allocation is made,
and (B) decreased to reflect the amount of any distributions (including any deemed distributions in connection with the withholding of taxes in respect of such Incentive Allocation pursuant to Section 4.7) made to, or
withdrawals or transfers (pursuant to below) made by, the Special Interest Member in respect of such SIM Account. Amounts in the SIM Account may be withdrawn by the Special Interest Member at any time in its discretion. In addition, any amounts in
the SIM Account shall not be allocated any income, gains, losses or expenses or otherwise participate in the performance of the Company. 

  
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 4.3 Allocations and Distributions in the Absence of a Specified Event.
This Section 4.3 shall apply only until the distribution to the Special Interest Member of all amounts to which the Special Interest Member is entitled under Section 4.3.1 (including following the
closing of the Internalization). 
 4.3.1 Incentive Allocation. For all periods up to and including the Effective Date
(it being understood that the Special Interest Member is not entitled to an incentive allocation pursuant to this Section 4.3.1 with respect to any subsequent period), and subject to the Preferred Hurdle and the Catch-Up Amount, the Special Interest Member shall be entitled to receive an incentive allocation (the “Incentive Allocation”) equal to 15% of the aggregate Core Operating Profit calculated by
reference to (i) the twelve preceding calendar quarters or (ii) for the period between March 31, 2022 and the Effective Date (the “Final Incentive Allocation Reference Period”). As of March 31, 2022, the
aggregate Incentive Allocations to the SIM Account were $19,199,288, of which $19,199,288 has been distributed to the Special Interest Member as of the Effective Date. The Incentive Allocation for the Final Incentive Allocation Reference Period
shall only be distributable to the Special Interest Member if Core Operating Profit for the Final Incentive Allocation Reference Period exceeds a 6% annualized rate of return (whether or not distributed) for the Final Incentive Allocation Reference
Period on the aggregate amount of capital contributed by the Parent Company Members to the Parent Company (and not returned as a return of capital) through the Effective Date (the “Preferred Hurdle”), in which case the Special
Interest Member will be entitled to distributions of Incentive Allocation in respect of the Final Incentive Allocation Reference Period such that aggregate Incentive Allocation distributions for the Final Incentive Allocation Reference Period are
equal to (i) the Catch-Up Amount plus (ii) 15% of the amount by which Core Operating Profit exceeds the sum of the Preferred Hurdle and the Catch-Up Amount. 

4.3.2 Distributions. 

(i) The amount and timing of distributions by the Company, other than distributions upon the occurrence of a Specified Event,
shall be in the discretion of the Managing Member and its determinations are conclusive and binding upon the Members. Subject to the foregoing, the Company generally shall distribute cash available for distribution after satisfying, or establishing
reserves for, any of the Company’s current or anticipated obligations (including indebtedness, Incentive Allocation and any Company Expenses, as well as obligations relating to Portfolio Assets, including Additional Acquisitions). 

(ii) The Managing Member may debit from amounts otherwise distributable to a Member pursuant to this
Section 4.3.2: (i) all or a portion of any Capital Contribution or other required payment due to the Company from such Member and all or a portion of any Drawdown reasonably expected to be made to such Member (including in
connection with the payment of actual or anticipated Company Expenses and obligations, contingent or otherwise, of the Company); (ii) an amount to satisfy such Member’s allocable portion of any actual or anticipated obligations (contingent or
otherwise) of the Company (including the Incentive Allocation and any Company Expenses as well as obligations relating to Portfolio Assets, including Additional Acquisitions); and (iii) amounts withheld by the Company pursuant to
Section 4.7 in respect of taxes allocable to such Member. 
 (iii) Notwithstanding anything in this
Agreement to the contrary, no provision shall limit in any way the Managing Member’s discretion to maintain reserves to meet potential funding needs or other obligations of the Company. 

  
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 (iv) Except as provided in Sections 9.2 and 10.2.3 below,
distributions received by the Company, net of reserves that the Managing Member deems reasonable, in respect of the Members may be made to such Member at the discretion of the Managing Member, including at any time to the Special Interest Member in
an amount not in excess of the then positive balance in its SIM Account, adjusted as the Managing Member determines appropriate so as to take into account: (i) any default by a Member; (ii) any exclusion of a Sanctioned Member;
(iii) any Incentive Allocation that is not borne by the Members in proportion to their Capital Commitments; (iv) the deemed distributions of withholding and other taxes as described in Section 4.7; and
(v) the intention to cause all Members to share in the economic arrangements intended by the provisions of this Agreement based on their relative commitments to the Company, regardless of whether they were admitted to the Company on the Initial
Closing Date or a Subsequent Closing Date. 
 For purposes of calculating distributions to each
Sub-Account, each Sub-Account’s share of Contributed Capital shall be adjusted to reflect the reallocation of any Capital
Sub-Account balance as described in Section 3.4.4. 
 4.4
Allocations and Distributions Following a Specified Event. 
 4.4.1 Subject to the provisions of this
Section 4.4, in the event that a Specified Event occurs, the Special Interest Member shall be entitled to receive the Promote, which shall be calculated in the manner set forth below and by taking into account (i) the
aggregate amount of prior distributions of cash to Members (the “Pre-Disposition Distributions”), (ii) to the extent received by the Company and not previously distributed, any proceeds from
operations of Portfolio Assets, interest income in respect of Energy Project Loans and the proceeds of the disposition of the Portfolio Assets and Energy Project Loans, and (iii) the Company’s proportionate share of all applicable expenses
and the establishment of reserves for the payment of expenses or other obligations of the Company (the amounts described in (ii) less the amounts described in (iii), the “Disposition Cash Flows”) as well as the Aggregate
Incentive Distribution. 
 4.4.2 If the Specified Event is a Traditional IPO, concurrently with, and in the case of any other
Specified Event, in connection with or as promptly as practicable following such Specified Event, the Disposition Cash Flows shall first be apportioned among the Members in proportion to their Commitments. Amounts apportioned to a Member other than
the Parent Company shall be distributed to such Member. Amounts apportioned to the Parent Company shall be further apportioned among each Sub-Account in proportion to the applicable Parent Company
Member’s capital commitments to the Parent Company, subject to appropriate adjustments to take into account Defaults, Incentive Allocation and/or Promote to which the Parent Company Members are subject. Generally, (i) with respect to each Sub-Account that is not subject to the Incentive Allocation or the Promote, the amount apportioned to each such Sub-Account shall be distributed to such Sub-Account, and (ii) the amount apportioned to each other Sub-Account shall be distributed as follows: 

(a) first, 100% to such Sub-Account until the cumulative distributions to such Sub-Account (including Pre-Disposition Distributions) equal the aggregate capital contributions made by the applicable Parent Company Member as of that time in respect of such
Sub-Account; 
 (b) second, 100% to such Sub-Account until
the cumulative distributions (including Pre-Disposition Distributions) to such Sub-Account equal an amount sufficient to provide such
Sub-Account on a cumulative basis with a return equal to 6% per annum, compounded annually, on the amounts set forth in paragraph (a) above during the period such amounts were unreturned; 

(c) third, (A) 100% to the Special Interest Member as a “catch-up” until the Special Interest

  
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 Member has received (including any portion of the Aggregate Incentive Distribution to which
such Sub-Account is subject (“Sub-Account Incentive Distribution”)) with respect to such Sub-Account the SIM
Specified Percentage of the excess of (1) total amounts distributed with respect to such Sub-Account (including, for this purpose, any amounts of Sub-Account
Incentive Distributions and Pre-Disposition Distributions, as applicable) over (2) aggregate capital contributions attributable to such Sub-Account, or (B) to
the Parent Company Member in respect of such Sub-Account until the Parent Company Member has received, with respect to such Sub-Account, cumulative distributions made
pursuant to sub-clause (b) above and this sub-clause (c)(B) (including, for this purpose, any Pre-Disposition Distributions)
equal to the Parent Company Specified Percentage of the aggregate amounts distributed pursuant to sub-clause (b) above, sub-clause (c)(A), above, and this sub-clause (c)(B) (including, in each case, the Sub-Account Incentive Distribution and Pre-Disposition Distributions, as applicable) to
the Parent Company Member in respect of such Sub-Account and to the Special Interest Member in respect of such Sub-Account; and 

(d) thereafter, between such Sub-Account and the Special Interest Member such that aggregate
distributions in excess of aggregate capital contributions (in each case, with respect to the Sub-Account) are made to such Sub-Account in an amount equal to the Parent
Company Specified Percentage and to the Special Interest Member in an amount equal to the SIM Specified Percentage; provided that, if and to the extent that the Special Interest Member has received Aggregate Incentive Distributions in excess of the
amount to which the Special Interest Member is entitled pursuant to the preceding paragraph (c), such excess shall be credited against the amount otherwise distributable to the Special Interest Member pursuant to this paragraph (d) (the amounts
distributed to the Special Interest Member pursuant to the preceding paragraph (c) and this paragraph (d), the “Promote”). 

Notwithstanding the foregoing, if the Specified Event is an Exit Event, the Disposition Cash Flows attributable to such
Specified Event shall be determined by reference to the Equity Valuation in such Exit Event. In addition, notwithstanding anything to the contrary contained herein, in connection with a Specified Event, (i) the Company and the Special Interest
Member shall take all necessary action to cause the Member that is then the Special Interest Member to exchange or otherwise transfer all of its interest in the Company, including the right to the Promote under this
Section 4.4 for (A) if the Specified Event is a Traditional IPO, a number of shares of the IPO Entity (based upon the price to the public in the underwriting agreement for such offering) equal to the aggregate amount
then distributable to the Special Interest Member under this Section 4.4; (B) if the Specified Event is a Reverse Merger or SPAC Transaction, the same form of consideration delivered to other Members in such Reverse
Merger or SPAC Transaction; (C) if the Specified Event is a Sale by the Company, consideration that is (I) fifty percent (50%) in cash and (II) fifty percent (50%) in the same form of consideration (if other than cash) delivered to
other Members in such Sale (based on the Equity Valuation); and (D) if the Specified Event is a Sale by the Parent Company, consideration that is (I) fifty percent (50%) in cash and (II) fifty percent (50%) in the same form of
consideration (if other than cash) delivered to other Parent Company Members in such Sale (based on the Equity Valuation); and (ii) if the Specified Event is a Sale by the Company or its Subsidiaries, the aggregate amount distributable to the
Special Interest Member shall be paid (A) fifty percent (50%) in cash and (B) fifty percent (50%) in the same form of consideration (if other than cash) delivered to other Members in such Sale (based on the Equity Valuation). While the
Promote will be calculated to take into account the Aggregate Incentive Distribution in respect of the Incentive Allocation, the Special Interest Member shall not be required to return to the Company any Incentive Allocation that it previously
received. As a result, the Special Interest Member may receive and retain an amount of Incentive Allocation and/or Promote in respect of a Member that exceeds the SIM Specified Percentage of the excess of (i) the total amounts distributed to
such Member and to the Special Interest Member in respect of 

  
 21 

 
such Member over (ii) the aggregate capital contributions made by such Member. An illustrative example of the Disposition Cash Flows attributable to a Specified Event is attached hereto as
Exhibit A. Notwithstanding anything in this Agreement to the contrary, to the extent that delivery to the Special Interest Member of voting stock in connection with a Traditional IPO would require the Special Interest Member to obtain
clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), the Company or the IPO Entity, as applicable, shall deliver to the Special Interest at closing of the Traditional IPO only the portion of
such voting stock that would not require the Special Interest Member to obtain HSR clearance, and the Special Interest Member shall not be entitled to receive, and the Company or the IPO Entity, as applicable, shall not deliver, the balance of such
voting stock, until such time as the Special Interest Member has obtained HSR clearance. 
 4. 5 Accounting for
Distributions. In making the distributions set forth in this ArticleIV, a number of accounting conventions and special rules will be adopted. Capital Contributions used to pay Company Expenses, including expenses associated with
acquiring Portfolio Assets, will be treated as Contributed Capital. For purposes of computing the amount of the Preferred Hurdle with respect to the Incentive Allocation and the preferred return set forth in
Section 4.4.2(b) with respect to the Promote, Capital Contributions that are included in the definition of “Contributed Capital” will be treated as such from the time the corresponding capital contributions from
Parent Company Members are received by the Parent Company; provided, however, that no capital contributions will be treated as being received by the Parent Company on any date earlier than the due date for such contributed capital.

 The Managing Member shall have authority to adopt such conventions and special rules as it deems necessary or desirable to
account for Portfolio Distributions in excess of the Preferred Hurdle, the preferred return set forth in Section 4.4.2(b), and Contributed Capital prior to the time when all Capital Contributions have been made. 

Notwithstanding anything else in this Agreement to the contrary, to the extent that distributions from, or proceeds from the
disposition of, Portfolio Assets by the Company are retained (rather than distributed, subject to recall), the Company will have the authority to adjust distributions and allocations to cause each Sub-Account
to receive, to the extent possible, the same distributions and allocations (as determined without giving effect to the individual tax treatment of any Parent Company Member) that each such Parent Company Member would have received had the amounts
been distributed and the Members made Capital Contributions in accordance with Section 3.1 (so that each Parent Company Member bears its share of the Incentive Allocation or the Promote that are not borne by the Members in
proportion to their Capital Commitments, bears amounts attributable to such Member pursuant to Section 4.7, and bears any other Company Expenses according to such Member’s Capital Commitment, and so that each Sub-Account receives an appropriate amount of distributions and allocations as contemplated herein, in each case as determined by the Company). 

Contributions and/or distributions deemed to occur under this Section 4.5 shall also be deemed to
occur for all purposes of this Agreement. 
 For purposes of this Agreement, amounts shall be deemed distributed by the
Company to the Parent Company only to the extent the Parent Company distributes amounts or deems such amounts distributed (including pursuant to Section 4.7) to Parent Company Members. 

  
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 Any Member acquiring all or a portion of the interest of another Member in
the Company, pursuant to Section 3.4.2 or otherwise, shall be deemed for all purposes of Article V to have, as a result, increased its Capital Commitment and Available Commitment (including Recallable Capital) by the
portion of the Capital Commitment and Available Commitment (including Recallable Capital) of the transferring Member allocable to such acquired interest. 

4.6 Valuation. The Managing Member shall value any asset and investment of the Company in good faith, based upon available
relevant information and according to the Company’s valuation policies, including those expressly set forth in this Agreement. The valuations of the Projects shall generally be based upon cost. In addition, a number of the Company’s other
investments may be in the form of Energy Project Loans and derivative instruments entered into in connection with the Company’s hedging activities, which may not have readily ascertainable market prices. The fair value of such other investments
that are not publicly traded or whose market prices are not readily available shall be determined in good faith by the Managing Member under procedures established by the Managing Member (in consultation with the Special Interest Member), which may
include valuing such instruments at cost. The Managing Member shall also prepare valuations using sources and/or proprietary models, depending on the availability of information on the Company’s assets and the type of asset being valued, all in
accordance with the Company’s valuation procedures. The Managing Member will be entitled, but not required, to appoint a third party to make determinations regarding the value of assets. The Managing Member shall also have the discretion to use
other valuation methods that it determines, in its discretion, are fair and reasonable. 
 4.7 Withholding and Company
Taxes. The Company in its discretion may withhold and pay any taxes with respect to any Member, and any such taxes may be withheld from any distribution otherwise payable to such Member. If no sufficiently large distribution is imminent, the
Managing Member may require the relevant Member promptly to reimburse the Company for the amount of any such tax payable by the Company on behalf of such Member and, if such tax has already been paid by the Company, interest thereon at a floating
rate of interest equal to Prime plus two percent per annum, or such other commercially reasonable rate as determined by the Managing Member in its discretion, from the date of such tax payment until but not including the date such amount is
reimbursed by such Member. No such reimbursement will be considered a Capital Contribution for purposes of this Agreement, nor shall any requirement that any such reimbursement be paid be considered a Drawdown. 

4.7.1 Taxes withheld on amounts directly or indirectly payable to the Company, the Parent Company or subsidiary vehicles of the Company
and taxes otherwise paid by the Company, the Parent Company or subsidiary vehicles of the Company shall, except as otherwise provided herein, be treated for purposes of this Agreement as distributed to the appropriate Members and paid by the
appropriate Members to the relevant taxing jurisdiction. The Managing Member may require the relevant Member promptly to contribute to the Company an amount equal to such Member’s share, as determined in the discretion of the Managing Member,
of any of the taxes described in this Section 4.7.1. No such contribution will be considered a Capital Contribution for purposes of this Agreement, nor shall any requirement that any such contribution be paid be considered
a Drawdown. The amount of any such contribution shall not be treated as deemed distributed as described above. 
 4.7.2 Each Member
hereby agrees to indemnify and hold harmless the Indemnified Persons and the other Members from and against any liability (including any liability for taxes, penalties, additions to tax, interest or failure to withhold taxes) with respect to income
attributable to or distributions or other payments to such Member, including such Member’s share, as determined by the Managing Member in its discretion, of any liability incurred by subsidiary vehicles. The provisions of this
Section 4.7.2 shall survive any termination of this Agreement. Nothing in this Section 4.7.2 shall cause any Member to become liable for any tax liability of any other Member. 

  
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 4.8 [INTENTIONALLY OMITTED] 

4.9 Modifications to Allocations and/or Distributions. Adjustments may be made to Capital Accounts, Capital Sub-Accounts, Undrawn Commitments, allocations and/or distributions, as the Managing Member determines appropriate, in its sole discretion, in order to reflect that certain Members or Parent Company Members are not
subject to the Incentive Allocation and/or Promote or are subject to a reduced Incentive Allocation and/or Promote and in connection with any defaults by Members or Parent Company Members, or otherwise in order to give effect to the economic intent
of the provisions of this Agreement and the Parent Company Agreement. 
 4.10 Insolvency. No distribution shall be made
that would render the Company insolvent. 
 ARTICLE V 

CERTAIN FINANCIAL AND TAX MATTERS 

5.1 Financial Reporting. The Company shall prepare its financial statements in accordance with U.S. generally accepted
accounting principles using the accrual method of accounting on an annual basis, using the calendar year as its fiscal year, except to the extent otherwise required by the Code or selected by the Managing Member and permitted or required by law.
Such financial statements may not include all information necessary for disclosure in accordance with U.S. generally accepted accounting principles. The Managing Member shall have authority to utilize a cash method of accounting. 

5.2 Allocations for U.S. Federal Income Tax Purposes. The Managing Member shall allocate the income and loss of the
Company for U.S. federal income tax purposes in a manner so as to give economic effect to the distribution and other provisions of this Agreement, and shall make such allocations in its discretion and in consultation with its tax advisors. For the
avoidance of doubt, prior to a Specified Event, losses shall be allocated among the Members pro rata based upon Capital Contributions and income shall be allocated first to reverse any prior allocations of losses made pursuant to this
sentence and thereafter among the Members according to the economic entitlement of the Members hereunder. It is the intention of the parties that, to the extent possible and consistent with the economics of this Agreement, the allocations made by
the Managing Member be respected for U.S. federal income tax purposes, and in furtherance of this intention a “qualified income offset provision” and any such other provision described in applicable regulations and deemed desirable by the
Managing Member shall be incorporated by reference into this Agreement. Notwithstanding any implication to the contrary contained herein, the Managing Member shall have authority to make or refrain from making available tax elections and to choose
from all available tax accounting methodologies in implementing the foregoing. To the extent consistent with applicable law, the Managing Member may specially allocate income to any Member the status of which resulted in recognition of such income
or otherwise alter the distribution or allocation provisions herein so that such Member bears the consequences of such recognition. The Managing Member’s determination of allocations shall be binding upon all parties. 

  
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 5.3 Supervision; Inspection of Books. 

5.3.1 Proper and complete books of account and records of the business of the Company shall be kept under the supervision of the
Managing Member at the principal office of the Company in New York, New York, or such other place as designated by the Managing Member. Subject to Section 11.14: (i) this Agreement and all amendments thereto; (ii) the
Certificate of Formation; (iii) all effective waivers of the Company executed by the Members and the Managing Member; and (iv) capital account statements of the Member requesting such information shall be open to inspection and copying by
any Member or, subject to the prior approval of the Managing Member, such Member’s designated representative, in each case at such Member’s own expense, for any purpose reasonably related to such Member’s interest as a Member in the
Company, upon 20 Business Days’ written notice to the Company, at any time during normal business hours. Any such inspection or copying of the books and records of the Company shall take place at the principal office of the Company, unless, in
the discretion of the Managing Member, it is impracticable to perform such inspection in such place, in which case the Member requesting such records shall pay the expenses incurred by the Company in providing another place for such inspection or
copying. Subject to and in accordance with the second sentence of Section 11.14.1, Members shall only be entitled to receive the documentation specified in this Section 5.3, and shall not be
entitled, as of right, to receive any other information regarding the state of the business and financial condition of the Company. Any information so obtained or copied shall be kept and maintained in strictest confidence, and the Managing Member
may require the Member requesting access to the books and records of the Company to execute an affirmation and acknowledgement of the confidentiality provisions of this Agreement. The Members hereby acknowledge and agree that to the fullest extent
permitted by Section 18-305(g) of the Act, as amended, the rights of a Member to obtain information from the Managing Member and the Company shall be restricted, in the Managing Member’s discretion,
to only those rights provided for in this Agreement, and that any other rights provided under Section 18-305 of the Act shall not be available to the Members or applicable to the Company, except as
otherwise provided by the Managing Member. 
 5.3.2 The Managing Member may charge the Member requesting access to such books and
records for the services of the officers, employees and agents of the Company, the Managing Member, or any of their Affiliates to supervise the inspection and copying of such books and records at a rate of compensation to be agreed upon by the
requesting Member prior to such Member obtaining access to the books and records. Such Member shall also pay for: (i) the reasonable fees and expenses of counsel, accountants and other consultants to the Company incurred by the Company in
connection with responding to and complying with a request for inspection or copying and (ii) all of the costs and expenses relating to such inspection and copying, including the use of information technology resources, supplies, copy
equipment, personnel, and facility resources. The Company shall not be required to provide a copy of any record in any medium that is different from the medium in which the Company normally maintains such record. Notwithstanding the provisions of
this Section 5.3.2, the Managing Member may, with respect to the rights set forth herein, adopt additional reasonable standards and limitations with respect to access to Company books and records. 

5.4 [INTENTIONALLY OMITTED] 

5.5 Tax Matters and Elections. 

5.5.1 The Managing Member shall act as the “partnership representative” of the Company within the meaning of Section6223 of
the Code and regulations promulgated thereunder (the “Tax Matters Representative”) and shall act for and on behalf of the Company to the extent required under Sections6221 through 6233 of the Code. The Tax Matters Representative is
specifically directed and authorized to take whatever steps the Tax Matters 

  
 25 

 
Representative deems necessary or desirable to perfect any such designation, including filing any forms or documents with the IRS and taking such other action as may from time to time be required
under U.S. Treasury Regulations and, upon the request of the Tax Matters Representative, the Members shall execute any forms or statements required in connection therewith. The Tax Matters Representative shall be promptly reimbursed for all expenses
incurred by it in connection with service as Tax Matters Representative. 
 5.5.2 Each Member agrees that any action taken by the Tax
Matters Representative in connection with audits of the Company under applicable tax law will be binding upon such Member. Each Member further agrees that (i) except when the specific consent of the Tax Matters Representative is granted, such
Member will not treat any Company item inconsistently on such Member’s individual income tax return with the treatment of the item on the Company’s tax return and (ii) such Member will not independently act with respect to tax audits
or tax litigation affecting the Company, unless previously authorized to do so in writing by the Tax Matters Representative, which authorization may be withheld by the Tax Matters Representative. 

5.5.3 The Managing Member may cause the Company to make or refrain from making all elections required or permitted to be made by the
Company under applicable tax law, including, but not limited to, an election to treat the Company as an Electing Investment Partnership as defined in section 743(e)(5) of the Code and an election under section 754 of the Code. If the Company
receives a notice of final partnership adjustment from the IRS, the Tax Matters Representative may, as determined in its good faith discretion and with respect to any applicable year, cause the Company to (a) elect the application of
Section 6226 of the Code, as amended by Section 1101 of the Bipartisan Budget Act of 2015, with respect to any imputed underpayment arising from such adjustment, and (b) furnish to each Member (or former Member) a statement of such
Member’s (or former Member’s) share of any adjustment to income, gain, loss, deduction or credit (as determined in the notice of final partnership adjustment). 

5.5.4 The Managing Member is hereby authorized and empowered to prepare or have prepared, to execute or have executed and to file, on
behalf and in the name of the Company, any returns, applications, elections, agreements, and other instruments or documents, under applicable tax law, which it deems desirable or advisable. 

5.5.5 Each Member further agrees that such Member will, upon request by the Managing Member, provide any information or documentation,
execute any forms or documents (including a power of attorney or settlement or closing agreement), provide any information and take any further action requested by the Managing Member, and that the Managing Member may execute any forms or documents
or obtain any information on such Member’s behalf that relate to such Member’s investment in the Company in connection with any tax matter (including in connection with a tax audit or proceeding) affecting the Company, including as
reasonably necessary to effectuate any of the foregoing provisions of this Section 5.5, including (without limitation) with respect to any forms, documents or information reasonably necessary for the Company to comply with
FATCA (or any comparable U.S. state or local, or non-U.S. law) or avoid being subject to withholding tax under any such laws, if applicable. 

5.5.6 If a Member fails to comply with its obligations under this Section 5.5 and such failure results in any
taxes, penalties, interest and/or any related costs or expenses (a “Tax Cost”), the Managing Member shall, to the extent commercially practicable, cause such Member to bear the economic burden of such Tax Cost by specially
allocating the Tax Cost to such Member and/or withholding the Tax Cost from proceeds otherwise distributable to such Member. In the event that the Managing Member does not withhold such amounts, the Managing Member may require the

  
 26 

 
Member to reimburse the Company or the Managing Member, as applicable, for any such Tax Costs. In addition, the Managing Member shall have full authority to take any steps that the Managing
Member reasonably determines are necessary or appropriate to mitigate the consequences to the Company, any entity in which the Company holds an equity or debt interest and/or any other Member of such Member’s failure to comply with its
obligations under this Section 5.5. Moreover, any Member that fails to comply with this Section 5.5 shall, to the fullest extent permitted by law, exculpate the Managing Member, the Company, and
any of their Affiliates, including any member of the Company’s “expanded affiliated group” within the meaning of Section 1471(e)(2) of the Code, for any liabilities related to such failure and indemnify the Managing Member, the
Company, and any such Affiliates. 
 5.6 Code Section 83 Safe Harbor Election. 

5.6.1 By executing this Agreement, each Member authorizes and directs the Company to elect to have the “Safe Harbor” described
in the proposed Revenue Procedure set forth in Internal Revenue Service Notice 2005-43 (the “Notice”) apply to any interest in the Company transferred to a service provider by the Company on
or after the effective date of such Revenue Procedure in connection with services provided to the Company. For purposes of making such Safe Harbor election, the Managing Member is hereby designated as the “partner who has responsibility for
U.S. federal income tax reporting” by the Company and, accordingly, execution of such Safe Harbor election by the Managing Member constitutes execution of a “Safe Harbor Election” in accordance with Section 3.03(1) of the Notice.
The Company and each Member hereby agrees to comply with all requirements of the Safe Harbor described in the Notice, including the requirement that each Member shall prepare and file all U.S. federal income tax returns reporting the income tax
effects of each Safe Harbor Company Interest issued by the Company in a manner consistent with the requirements of the Notice. 

5.6.2 A Member’s obligations to comply with the requirements of this Section 5.6 shall survive such
Member’s ceasing to be a Member of the Company and/or the termination, dissolution, liquidation and winding up of the Company, and, for purposes of this Section 5.6, the Company shall be treated as continuing in
existence. 
 5.6.3 Each Member authorizes the Managing Member to amend Sections 5.6.1 and 5.6.2 to the extent necessary
to achieve substantially the same tax treatment with respect to any interest in the Company transferred to a service provider by the Company in connection with services provided to the Company as set forth in Section 4 of the Notice (e.g., to
reflect changes from the rules set forth in the Notice in subsequent Internal Revenue Service guidance); provided, that, such amendment is not materially adverse to such Member (as compared with the after-tax
consequences that would result if the provisions of the Notice applied to all interests in the Company transferred to a service provider by the Company in connection with services provided to the Company). 

ARTICLE VI 
 MANAGEMENT
AND RESTRICTIONS 
 6.1 Managing Member. 

6.1.1 The right to manage, control and conduct the business of the Company shall be vested in the Managing Member, and all decisions
affecting the Company, its policies and management shall be made by the Managing Member, subject to the Managing Member’s right to delegate certain of its responsibilities as set forth in Section 6.1.2. The right to
manage, control and 

  
 27 

 
conduct the business of the Managing Member shall be vested in a board of directors established by the Managing Member in accordance with Article VI of the Parent Company Agreement. Such board of
directors shall have the authority to make all decisions affecting the Managing Member, including with respect to any matters described in this Agreement that are within the scope of the power and authority of the Managing Member, 

6.1.2 The Managing Member shall have the power and authority to delegate to one or more Persons, including to any officer, employee,
Affiliate or agent of the Company, the Managing Member’s rights and powers to manage and control the business and affairs of the Company; provided that, no such delegation to an Affiliate of Goldman Sachs shall be permitted without the prior
written consent of Goldman Sachs Asset Management, L.P. Furthermore, the Managing Member, by written instrument signed by it, shall have the power to appoint one or more officers to act for the Company with such title as the Managing Member deems
appropriate and to delegate to such officer(s), to the extent permitted by the Delaware Act, such of the powers and authorities as are held by the Managing Member or as are granted to the Managing Member hereunder as the Managing Member may
determine. The Persons so appointed may include Persons holding titles such as Chair, Chief Executive Officer, President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer or Controller. Unless the authority of the Person
designated as the officer in question is limited in the document appointing such officer, any officer so appointed shall have at least the same authority to act for the Company as is customary for a corresponding officer of a Delaware corporation to
have to act for a Delaware corporation in the absence of a specific delegation of authority. The Managing Member, by written instrument signed by it, may, in the sole discretion of the entity so acting, ratify any act previously taken on behalf of
the Company by any Person appointed as an officer. 
 6.1.3 Except as is otherwise specifically provided herein, the Managing Member
shall have and exercise all of the powers that a managing member in a limited liability company may have or exercise under the Act and is authorized and empowered to carry out and implement any and all purposes and objects of the Company. These
powers shall include the powers to, and may be carried out directly or indirectly through the Company or through one or more investment vehicles or other wholly or partially owned subsidiaries, or by the Managing Member, on behalf of the Company or
otherwise: 
 (i) identify, acquire (directly or indirectly), hold, manage, own, sell, transfer, convey, assign, exchange, distribute or
otherwise dispose of any Portfolio Asset or other asset of the Company; 
 (ii) make acquisitions and incur leverage through one or more
partnerships or other entities, the sole or majority beneficial interest holders in which is the Company, and to grant security interests, assign and/or pledge the Company’s assets, including Undrawn Commitments of the Members, to such entities
in order to secure borrowings or leverage; 
 (iii) (a) borrow money or obtain other extensions of credit to acquire, directly or indirectly,
new assets (including prior to the Initial Closing Date or the Final Closing Date) and for other Company activities (including borrowing pending Drawdowns, obtaining bridge financing for acquisitions made in advance of the Drawdowns relating to such
acquisitions, and facilitating the Company’s hedging activities); (b) leverage existing assets to permit distributions or additional acquisitions; (c) mortgage, charge, pledge, assign or otherwise grant a security interest in or over the
assets of the Company (including, Undrawn Commitments, Capital Contributions, Portfolio Distributions and Portfolio Assets); (d) assign or pledge the Managing Member’s right to make Drawdowns and to exercise any remedies in order to enforce the
Members’ funding obligations in accordance with this Agreement; and (e) guarantee, indemnify or otherwise secure the obligations of the Company, the Portfolio Assets and/or investment vehicles or other Affiliates of the Company as set
forth in Section 11.18; 

  
 28 

 (iv) enter into, and take any action under, any contract, agreement or other instrument as
the Managing Member shall determine to be necessary or desirable to further the purposes of the Company; 
 (v) employ, and terminate the
employment of, on behalf and at the expense of the Company, any and all financial advisers, underwriters, attorneys, accountants, consultants, appraisers, custodians of the assets of the Company or other agents (who may be designated as officers of
the Managing Member or the Company), including Goldman Sachs, on such commercially reasonable terms and for such reasonable compensation as the Managing Member may determine; 

(vi) make all elections, investigations, evaluations and decisions, binding the Company thereby, that may be necessary or desirable for the
acquisition, management, or disposition of Portfolio Assets and other assets of the Company; 
 (vii) [INTENTIONALLY OMITTED] 

(viii) bring and defend actions and proceedings at law or equity and before any governmental, administrative or other regulatory agency, body
or commission; 
 (ix) open accounts with banks, brokerage firms or other financial institutions (including Goldman Sachs-affiliated banks),
deposit, maintain and withdraw funds in the name of the Company and draw checks or other orders for the payment of moneys; 
 (x) make
distributions to Members in cash or (to the extent permitted hereunder) otherwise; 
 (xi) reduce the risk or protect the value of the
Company’s Portfolio Assets through entering into Hedging Instruments and engage in hedging transactions and strategies, including in connection with interest rate hedging, credit risk hedging, currency hedging, energy price hedging and
renewable energy credits price hedging; 
 (xii) engage in derivative transactions for
non-speculative purposes (including, for avoidance of doubt, for hedging purposes), including forward contracts and option and swap transactions; 

(xiii) prepare (or have prepared), execute (or have executed) and file all necessary returns, applications, elections or other documents,
instruments or statements, pay all taxes, assessments and other impositions applicable to the assets of the Company and withhold amounts with respect thereto from funds otherwise distributable to any Member; 

(xiv) determine the accounting methods and conventions to be used in the preparation of any accounting or financial records of the Company;

 (xv) receive fees in respect of commitments made to Portfolio Assets; and 

 

  
 29 

 (xvi) take all actions necessary to, in connection with, or incidental to, any of the
foregoing. 
 6.1.4 [INTENTIONALLY OMITTED] 

6.1.5 Each of the Members agrees that all determinations, decisions, and actions made or taken by the Managing Member in good faith and
in accordance with this Agreement shall be conclusive and absolutely binding upon the Company, the Members, and their respective Successors, assigns, and personal representatives. 

6.1.6 Except as authorized by the Managing Member, or as expressly set forth in this Agreement, the Members shall have no part in the
management of the Company, and shall have no authority or right to act on behalf of the Company in connection with any matter. 
 6.2
IPO 
 6.2.1 The Parent Company Board shall have the power to pursue and effect an IPO in any manner or jurisdiction it
determines. In connection with an IPO, the Managing Member shall have the right, on behalf of the Company, without the consent of the Members, to: 

(i) reorganize the Company into another legal entity in the same or different jurisdiction; 

(ii) transfer the assets of the Company in whole or in part to another entity; 

(iii) create additional entities so that the listed security is issued by an entity other than the Company; 

(iv) seek regulatory or other approvals in applicable jurisdictions necessary to facilitate any such IPO; 

(v) modify the terms of this Agreement to comply with regulatory or listing requirements; 

(vi) modify or amend this Agreement or any other governing documents of the Company to effectuate the foregoing; 

(vii) modify the terms of this Agreement or any other governing documents of the Company to include provisions that limit the ability of other
entities or persons to acquire control of the Company or provide investors in the Company with liquidity, which may include provisions establishing a staggered board or a requirement for advance notice for proposals by holders of interests in the
Company and nominations, or limitations on convening meetings of holders of interests in the Company or the authorization of the issuance of preferred interests that could be issued by the Managing Member to impede a takeover attempt; 

(viii) modify the terms of this Agreement or any other governing documents of the Company to include provisions that, after consultation with
the underwriters in any such IPO, are customary or appropriate, as determined in the Managing Member’s sole discretion; and 
 (ix) take
any other action which the Managing Member, in its sole discretion, deems reasonable or appropriate. 

  
 30 

 6.2.2 The Members acknowledge and agree that the Managing Member shall determine, in
its sole discretion, the terms that will govern the Company in connection with, and following, an IPO and may amend such terms without consent from the Members. 

6.3 Fees and Expenses. 

6.3.1 The Company will (a) pay, or cause to be paid, all ordinary and extraordinary costs, fees, operating expenses and other
expenses incurred by it or on its behalf, and (b) in the sole discretion of the Managing Member, reimburse the Managing Member for any costs, fees or expenses incurred by it in connection with the business of the Company or in serving as the
Managing Member, including, in each case: (i) fees and expenses, including travel expenses, incurred by the Managing Member or payable to third parties related to the Portfolio Assets, including, among others, third parties engaged to provide
operations and maintenance services to the Portfolio Assets, professional fees (including the fees and expenses of consultants and experts), fees and expenses that the Managing Member determines to be related to investigating, evaluating,
monitoring, researching and performing due diligence on Portfolio Assets and prospective Portfolio Assets and acquiring, holding, tracking and disposing of Portfolio Assets (including fees and commissions associated with sourced Portfolio Assets and
any other brokers’ fees and commissions) and broken-deal expenses incurred in connection with a potential acquisition of Portfolio Assets; (ii) interest, fees and other expenses payable on credit facilities incurred by the Company;
(iii) obligations in connection with (including the settlement of) any Hedging Instrument; (iv) legal, auditing or accounting expenses, including expenses for outside consultants engaged to assist with regard to such functions, including
the ongoing expenses of accountants and other service providers relating to tax modelling and tax planning; (v) administrative expenses, including expenses for outside consultants engaged to assist with regard to such functions;
(vi) expenses of information technology, software and other systems; (vii) taxes (including related interest and penalties), other than those properly allocable to a Member in its capacity as a Member, or governmental fees, including
expenses related to reporting and filings done by external tax professionals; (viii) the fees and expenses payable to service providers for certain administrative services and transfer agency services; (ix) the expenses, including clerical
expenses of issue, redemption or repurchase of the Interests; (x) the expenses of transferring Interests (to the extent not paid for by the transferor); (xi) the expenses of, and fees for, registering or qualifying common stock for sale and
maintaining the Company’s registration; (xii) the cost of preparing and distributing reports, proxy statements and notices to holders of the Company’s equity interests, the U.S. Securities and Exchange Commission and other regulatory
authorities and any other reporting or filing obligations to any governmental or regulatory authorities, and any legal and accounting expenses attributable to the Company; (xiii) costs of holding any member meetings; (xiv) printing
expenses, mailing and similar expenses; (xv) fees and expenses relating to any IPO; (xvi) the fees or disbursements of custodians of the Company’s assets, including expenses incurred in the performance of any obligations enumerated by
the Company’s organizational documents insofar as they govern agreements with any such custodian; (xvii) insurance premiums, including insurance purchased for the Managing Member or officers of the Company; (xviii) costs and expenses
incurred as a result of any reorganization or the dissolution, winding-up or termination of the Company; (xix) costs incurred in connection with any claim, litigation, arbitration, mediation, government
investigation or dispute in connection with the business of the Company and the amount of any judgment or settlement paid in connection therewith, or the enforcement of the Company’s rights against any person and indemnification or contribution
expenses payable by the Company to any person and other extraordinary expenses not incurred in the ordinary course of business of the Company; (xx) cash and equity compensation and benefits expenses associated with the individuals who manage
and service the Portfolio Assets in their capacity as employees of the Managing Member or the Company, including any payroll taxes associated therewith, and all fees charged by professional employer organizations, stock plan

  
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administrators, and payroll service providers related to the same; and (xxi) expenses incurred by the Company or the Managing Member pursuant to that certain Transition Services Agreement,
dated as of August 4, 2022, by and between Goldman Sachs Asset Management, L.P., the Managing Member, the Company, and GSRP Holdings (any such expenses, the “Company Expenses”). 

6.3.2 To the extent that services that constitute Company Expenses are provided to the Company by employees of the Managing Member or
its Affiliates, the Company may pay the Managing Member or its Affiliates, as applicable, for providing such services and reimburse them for expenses incurred in connection therewith. In addition, the Company will reimburse the Managing Member, its
Affiliates, or employees, as applicable, for any Company Expenses paid or accrued by the Managing Member, its Affiliates or employees. For the avoidance of doubt, the Managing Member may engage unaffiliated Persons with industry, managerial or other
expertise as consultants or advisors to the Managing Member with respect to the Company, and the Company’s share of such expenses shall be Company Expenses. 

6.3.3 [INTENTIONALLY OMITTED] 

6.3.4 In addition to Company Expenses, the Company shall also directly or indirectly bear its allocable share of the organizational and
operating expenses of the entities through which the Company acquires or holds Portfolio Assets, including costs and expenses similar to the types of expenses that constitute Company Expenses and expenses relating to the acquisition, holding,
operation and disposition of such Portfolio Assets. 
 6.3.5 To the extent that expenses to be paid or borne directly or indirectly by
the Company are paid by the Managing Member, an Affiliate thereof or another Person, the Company shall reimburse the applicable Person such expenses. 

6.3.6 [INTENTIONALLY OMITTED] 

6.3.7 [INTENTIONALLY OMITTED] 

6.3.8 [INTENTIONALLY OMITTED] 

6.4 Members. The Members shall take no part in the control, management or conduct of the Company’s business nor shall
the Members have any power or authority to act for or on behalf of the Company, except as is specifically permitted by this Agreement and by the Act. 

6.5 Interest and Capital Withdrawals. 

6.5.1 Except as otherwise expressly provided herein, no interest shall be paid to any Member on account of such Member’s Capital
Contributions. 
 6.5.2 No Member shall have the right to withdraw any amount, redeem its interest, receive distributions or demand
distributions from the Company, except as otherwise expressly provided herein. 
 6.6 Permitted Goldman Sachs
Activities. Subject to applicable law, nothing contained herein shall preclude, restrict or limit in any way the activities of Goldman Sachs or any partner, director, officer or employee of Goldman Sachs (each, a “Goldman Sachs
Person”), including: (i) from investing in Portfolio Assets or other principal investments for its own account or the account of Other Investment Programs (including investment funds or vehicles managed by

  
 32 

 
Goldman Sachs) or third parties; (ii) from engaging in transactions in connection with a decision by Goldman Sachs to enter into a new strategic business or businesses, including principal
investments in financial services companies; (iii) from receiving fees or other compensation of any kind from any activity, including activities in which the interests of the Company may be different from or adverse to the interests of Goldman
Sachs or third parties; and (iv) from forming Other Investment Programs. 
 6.7 [INTENTIONALLY OMITTED] 

6.8 Additional Investments by Members. 

6.8.1 The Members agree that the Managing Member may (but shall not be obligated to) offer to one or more Members and other Persons,
subject to the provisions of this Article VI, each in its individual capacity, the opportunity to invest alongside the Company in a Portfolio Asset or to purchase a Portfolio Asset from the Company. No Member shall have any right to
participate in any such opportunity, or have any interest therein, by virtue of this Agreement or the partnership relation created hereby. Such investment opportunities, if offered, may or may not be in proportion to the Capital Commitments of the
Members and may involve different terms and fee structures, as determined by the Managing Member. 
 6. 8.2 The Members shall not be
obligated to refer potential acquisitions to the Company and shall not be restricted in any investments they make. No Member shall be obligated to do or perform any act in connection with the business activity of the Company not expressly set forth
in this Agreement. 
 6.9 Standard of Care; Indemnification Obligations. 

6.9.1 (i) To the fullest extent permitted by law, none of the Company, the Managing Member or officer, employee, agent, representative,
or controlling person of the Company or Managing Member (if any) (each, an “Indemnified Person” and, collectively, the “Indemnified Persons”) shall be liable to the Company or to any Members for: (a) for any
act or omission performed or omitted by it or any other Indemnified Person or any losses therefrom (any such loss a “Loss” and collectively, “Losses”), in the absence of gross negligence, willful misfeasance, or bad
faith on the part of such Indemnified Person; (b) any tax liability (including any interest or penalties thereon) imposed on any Member or borne directly or indirectly by the Company (other than, where applicable, the proportionate share of any
such tax liability borne by an Indemnified Person in its capacity as a Member); or (c) any Losses due to any act or omission performed or omitted by agents of the Company (or their respective employees). 

(ii) To the fullest extent permitted by law, the Company shall indemnify (and advance funds pursuant to clause (iii) below to cover) any
Indemnified Person, jointly and severally, for any Losses to which such Indemnified Person may become subject in connection with: (a) any matter arising out of or in connection with the Company’s business or affairs (including any Losses
arising out of or in connection with the Company’s indemnification, contribution, reimbursement or similar obligations to any of its assets or to any director, manager, officer, employee, partner, agent, or any other similar Person or entity of
any such asset), except, with respect to any Indemnified Person, to the extent that any such Loss results solely from the gross negligence, willful misfeasance or bad faith of such Indemnified Person; (b) any tax liability imposed on the
Company, any subsidiary of the Company or other entity in which the Company invests, directly or indirectly, or any Member (in excess of such Indemnified Person’s proportionate share of any such tax liability as a Member); or (c) any act
or omission performed 

  
 33 

 
by or omitted by brokers or other agents of the Company or their respective employees (unless such employee, broker or agent is an Indemnified Person, in which case clause (i) of this
sentence would apply, as applicable) as long as such Persons were selected with reasonable care. 
 (iii) In the event that any Indemnified
Person becomes involved in any capacity in any action, proceeding or investigation brought by or against any Person (including any Member) in connection with any matter arising out of or in connection with the Company’s business or affairs
(including a breach by any Member of this Agreement or the Member’s Subscription Agreement), the Company will periodically reimburse such Indemnified Person for its legal and other expenses (including the cost of any investigation and
preparation) incurred in connection therewith; provided, that such Indemnified Person shall promptly repay to the Company the amount of any such reimbursed expenses paid to it if it shall ultimately be determined, by a court having appropriate
jurisdiction in a decision that is not subject to appeal, that such Indemnified Person is not entitled to be indemnified by the Company in connection with such action, proceeding or investigation as provided in this clause (iii). 

(vi) If for any reason (other than the gross negligence, willful misfeasance or bad faith of such Indemnified Person) the foregoing
indemnification, reimbursement or advance is unavailable to such Indemnified Person, or is insufficient to hold either harmless, then the Company shall contribute to the amount paid or payable by such Indemnified Person as a result of such Loss in
such proportion as is appropriate to reflect not only the relative benefits received by the Company on the one hand and such Indemnified Person on the other hand but also the relative fault of the Company and such Indemnified Person, as well as any
relevant equitable considerations. 
 (v) For the avoidance of doubt and not in limitation of the foregoing, the amount of each Member’s
Undrawn Commitment (including the portion thereof attributable to Recallable Capital) may be called in order to satisfy any indemnification, reimbursement, contribution or similar obligation the Company may have, including any obligation resulting
from applicable law. A failure to make any payments required under this Section 6.9.1 shall be a default by the Member and thus subject to the provisions of Section 3.4 governing defaults;
provided, however, that the provisions of Section 3.4 shall not be the sole remedy of the Company in the event of a failure to make any payments required under this Section 6.9.1. 

6.9.2 The reimbursement, indemnity and contribution obligations of the Company (or the Managing Member in the event the Company has been
dissolved) under this Section 6.9 shall be in addition to any liability which the Company may otherwise have, shall extend upon the same terms and conditions to the officers, directors, partners, managing directors,
stockholders, members, other equity holders, employees and controlling Persons (if any) of each Indemnified Person and shall be binding upon and inure to the benefit of any Successors, assigns, heirs and personal representatives of any Indemnified
Persons. 
 6.9.3 The reimbursement, indemnity and contribution obligations provided by this Section 6.9 shall not be
deemed to be exclusive of any other rights to which any Indemnified Person may be entitled under any agreement, as a matter of law or otherwise, both as to action in a Indemnified Person’s official capacity and to action in another capacity,
and shall continue as to a Indemnified Person who shall have ceased to have an official capacity for acts or omissions during such official capacity (or otherwise when acting at the request of the Managing Member) and shall inure to the benefit of
any Successors, assigns, heirs and personal representatives of any Indemnified Persons. 

  
 34 

 6.9.4 The Managing Member shall have power to purchase and maintain reasonable
insurance on behalf of the Managing Member and the other Indemnified Persons at the expense of the Company, against any liability that may be asserted against or incurred by them in any such capacity or arising out of the Managing Member’s or
such Indemnified Person’s status as such, whether or not the Company would have the power to indemnify the Indemnified Persons against such liability under the provisions of this Agreement. 

6.9.5 Each Indemnified Person may rely upon and shall be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, consent, order, bond, debenture or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. 

6.9.6 Each Indemnified Person shall be entitled, to the fullest extent of the law, to rely in good faith upon any and all sources
enumerated in Section 18-406 of the Act, and any act or omission taken or suffered by such Indemnified Person in reasonable reliance on such source or sources shall in no event subject the Indemnified
Person to liability to the Company or to any Member or to any other Person. All Members hereby acknowledge and agree that each Indemnified Person is entitled to the same right of reliance and protection from liability as the Managing Member. 

6.9.7 The Managing Member may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys, and the Managing Member shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with reasonable care by it hereunder. 

6.9.8 The Managing Member is specifically authorized and empowered, for and on behalf of the Company, to enter into any agreement or
undertaking with any Indemnified Person not itself a party to this Agreement that the Managing Member considers to be necessary or advisable to give full effect to the foregoing indemnification provisions of this Agreement. 

6.9.9 The foregoing provisions of this Section 6.9 shall survive any termination of this Agreement. 

6.10 Transactions with the Managing Member and its Affiliates. Subject to applicable law, the Company may enter into
transactions with the Managing Member or any Affiliate of the Managing Member; provided, that any such transactions shall be on commercially reasonable, arm’s length terms, as determined by the Parent Company Board. 

ARTICLE VII 
 LIABILITY
OF MEMBERS 
 In no event (other than as provided in Sections 3.1, 4.7, 5.5.6, 6.10, 8.3 and
9.3) shall any Member (or former Member) have any personal liability for the repayment and discharge of the debts and obligations of the Company, in each case, except to the extent provided by the Act. The obligations of the Members as
provided in Sections 3.1, 4.7, 6.10, 8.3 and 9.3 are conditional obligations and are payable only to the extent, and only in such amount, as provided for in this Agreement. 

  
 35 

 ARTICLE VIII 

TRANSFER OF LIMITED LIABILITY COMPANY INTERESTS 

8.1 Restrictions on Transfer. 

8.1.1 No Member shall directly or indirectly transfer, sell, encumber, mortgage, hypothecate, assign or otherwise dispose of or grant a
security interest over or in relation to, voluntarily or involuntarily, all or any portion of its interest in the Company (each, a “Transfer”) without: (i) the prior written consent of the Managing Member, which may be granted
or withheld in its discretion, with or without cause and (ii) the receipt by the Managing Member (unless such requirement is waived by the Managing Member) not less than 10 Business Days prior to the date of any proposed Transfer of a written
opinion of counsel reasonably acceptable to the Managing Member (who may be counsel for the Company), satisfactory in form and substance to the Managing Member, to the effect that such Transfer would not result in: (a) the assets of the Company
being treated as “plan assets” that are subject to Title I of ERISA or Section 4975 of the Code (or a comparable law or regulation); (b) requiring registration of the interest under, or a violation of, the Securities Act or any
“Blue Sky” laws or other securities laws of any state of the United States or any other jurisdiction applicable to the Company or the interest in the Company to be transferred; (c) the Company becoming an “investment
company” under the Investment Company Act (or, if applicable, failing to qualify for the relevant exemption from registration under the Investment Company Act); (d) the Company being treated as a publicly traded partnership or otherwise
becoming taxable as an association taxable as a corporation for U.S. federal income tax purposes or (e) any adverse tax consequences to the Company (or Members generally). Such opinion of counsel shall also cover such other matters as the
Managing Member may reasonably request. All transferees must also be “qualified purchasers” as defined for purposes of Section 3(c)(7) of the Investment Company Act and must be “accredited investors” as defined for purposes
of Regulation D of the Securities Act or non-U.S. Persons in accordance with Regulation S of the Securities Act. 

8.1.2 Notwithstanding the foregoing provisions of this Section 8.1: (i) no Transfer of all or any portion of a
Member’s interest in the Company may be made at any time there remains owing any amount in respect of any Member Loan made pursuant to Section 3.4 relating to such interest and (ii) the Managing Member may
prohibit any Transfer that in its judgment may result in: (a) the assets of the Company being treated as “plan assets” that are subject to Title I of ERISA or Section 4975 of the Code (or a comparable law or regulation); (b) the
Company becoming an “investment company” under the Investment Company Act (or, if applicable, failing to qualify for the relevant exemption from registration under the Investment Company Act); (c) a risk that the Company may be treated as
a publicly traded partnership or otherwise becoming taxable as an association taxable as a corporation for U.S. federal income tax purposes; (d) an increase in the number of record holders of the Company (as determined pursuant to Rule 12g5-1 promulgated under the Exchange Act); or (e) a risk that the Company may become subject to the registration requirements of the Exchange Act. 

8.1.3 [INTENTIONALLY OMITTED] 

8.1.4 Members that acquire interests in the Company prior to an IPO shall not be permitted to Transfer such interests (or any interests
in the Company or Public Entity received in connection with any IPO) after the consummation of such IPO until the expiration of any lock-up agreement entered into by the Company, the Special Interest Member or
any Public Entity in connection with the IPO. Following the expiration of any such lock-up agreement, Members may transfer such interests (or such interests in the Company or Public Entity received in
connection with an IPO), subject to compliance with applicable securities laws and any requirements imposed by the Company, any Public Entity or the transfer agent with respect to such interests. 

  
 36 

 8.1.5 Any purported Transfer not in compliance with this Article VIII shall be
void and of no force and effect. 
 8.1.6 Notwithstanding anything herein to the contrary, without notice to the Members and without
the consent of the Managing Member, but subject to applicable law, including the Dodd-Frank Act and any Sanctions Laws and Regulations, Goldman Sachs may Transfer all or a portion of any of its interests in the Company (in whole or in part) to any
other Person as long as until the earlier of an IPO, Sale or Liquidation the only Beneficial Owners of the Special Interest Member are Goldman Sachs Asset Management, L.P. or its controlled Affiliate. 

8.2 Expenses of Transfer. The transferring Member agrees that it will pay all expenses, including attorneys’ fees,
incurred by the Company in connection with any attempted or realized Transfer of all or any portion of its interest, whether or not the Managing Member consents to such Transfer. Such costs generally will include the amount of any transfer taxes due
as a result of a Member’s Transfer and the costs of accounting for such Transfers including for applicable tax purposes. Each Member acknowledges that mandatory basis adjustment rules could require the adjustment of the Company’s tax basis
in its assets with respect to a Transfer, which would significantly increase the cost of, and the complexity of accounting for, Transfers. 

8.3 Indemnification by Transferor. In the event that the Company or the Managing Member becomes involved in any capacity
in any action, proceeding, or investigation brought by or against any Person (including any Member) in connection with any Transfer by a Member of a Member’s interest in the Company or the admission into the Company as a Member of any
purchaser, assignee, transferee, donee, heir, legatee, distributee or other recipient (each, an “Assignee”) of such transferring Member’s interest in the Company (any such Assignee, when so admitted, being hereinafter called a
“Substituted Member”), the Member who has transferred all or any portion of its interest in the Company will periodically reimburse each of the Company and the Managing Member for each of their legal and other expenses (including
the cost of any investigation and preparation) incurred in connection with such action, proceeding or investigation. To the fullest extent permitted by law, the transferring Member also will indemnify the Company and the Managing Member for any
losses, claims, damages, or liabilities to which either of them may become subject in connection with such Transfer. The reimbursement and indemnity obligations of the transferring Member under this Section 8.3 shall be in
addition to any liability that the transferring Member may otherwise have, shall extend upon the same terms and conditions to the Members, employees, stockholders, members, managers and controlling Persons of the Managing Member, and shall be
binding upon and inure to the benefit of any Successors, assigns, heirs, and personal representatives of the Company, the Managing Member, and any such Persons. The obligations of a transferor under the foregoing provisions shall survive the
Transfer of its interest or any termination of this Agreement. 
 8.4 Responsibility for Commitments. Any Person which
acquires all or any portion of the interest in the Company of a Member (whether or not admitted as a Substituted Member) shall be obligated to contribute to the Company the appropriate portion of any amounts thereafter becoming due in respect of the
Capital Commitment and Undrawn Commitment (including Recallable Capital) of its predecessor in such interest in the Company in accordance with this Agreement, and will be subject to forfeiture of its interest in the Company to the extent provided
in Article III in respect of such amounts. Payment by such Person of the amount specified in any Drawdown Notice must be made not later than the date specified in the Drawdown Notice. Capital 

  
 37 

 will not be considered contributed to the Company by such Person until actually received by the Company (or
the account designated by the Company) from such Person (and in no event earlier than the due date for such Capital Contributions). Each Member agrees that, notwithstanding the Transfer of all or any portion of its interest in the Company, as
between it and the Company it will remain liable for Capital Contributions called for by the Managing Member in each case as required by this Agreement to be made with respect to its interest in the Company (as such interest in the Company existed
prior to such Transfer) and for any other obligations under this Agreement, and will be subject to forfeiture of its interest in the Company to the extent provided in Article III prior to the time, if any, when the Assignee of such interest,
or portion thereof, is admitted as a Substituted Member. 
 8.5 Recognition of Transfer. The Company shall not recognize
for any purpose any purported Transfer of all or any portion of the interest in the Company of a Member unless: (i) the provisions of Section 8.1 shall have been complied with and (ii) there shall have been filed
with the Company a dated notice of such Transfer, in form satisfactory to the Managing Member, executed and acknowledged by both the transferring Member and the Assignee and such notice: (a) contains the acceptance by the Assignee of all the
terms and provisions of this Agreement and the Assignee’s agreement to be bound thereby; (b) represents that such Transfer was made in accordance with all applicable laws and regulations; and (c) contains a power of attorney
authorizing the Managing Member to execute this Agreement on behalf of the Assignee. 
 8.6 Status of Transferor. Any
Member which shall Transfer all of its interest in the Company shall cease to be a Member, except as provided in Section 8.4 and except that, unless and until a Substituted Member is admitted in its stead, such transferring
Member shall retain the statutory rights and obligations of a Member under the Act. Anything herein to the contrary notwithstanding, each of the Company and the Managing Member shall be entitled to treat the transferring Member of an interest in the
Company as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to it, until such time as the Assignee of such interest in the Company has been admitted into the Company as a Substituted
Member. 
 8.7 Transfers by Assignee. A Person who is the Assignee of all or any portion of the interest in the Company
of a Member as permitted hereby but does not become a Substituted Member and who desires to make a further Transfer of such interest in the Company shall be subject to all of the provisions of this Article VIII to the same extent and in the
same manner as any Member desiring to make a Transfer of its interest in the Company. 
 8.8 Substituted Members.
Notwithstanding anything to the contrary contained in this Agreement, except as set forth in Section 8.1.1, no Assignee of all or any part of the interest of a Member shall become a Substituted Member without the prior
written consent of the Managing Member, which consent may be withheld in the discretion of the Managing Member. 
 8.9
Conditions of Admission. Each Assignee as a condition to its admission as a Substituted Member shall execute and acknowledge such instruments, in form and substance satisfactory to the Managing Member, as the Managing Member
reasonably deems necessary or appropriate to effectuate such admission, including a counterpart to this Agreement. 
 8.10
Rights Prior to Admission. Unless and until an Assignee of an interest in the Company is admitted to the Company as a Substituted Member pursuant to and in accordance with Sections 8.8 and 8.9, such Assignee shall not
be entitled to any rights in the Company or recognized as a Member for any purpose (other than with respect to distributions and allocations of income and loss for tax purposes in respect of the assigned interest) and, in particular, shall not be
entitled to vote or give consents with respect to such interest in the Company. 

  
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 8.11 Transfers During a Fiscal Year. In the event of the Transfer of a
Member’s interest at any time other than the end of the Company’s fiscal year, the distributive shares of the various items of Company income, gain, loss, and expense as computed for tax purposes shall be allocated between the transferring
Member and the Assignee on such proper basis as the transferring Member and the Transferee shall agree; provided, however, that no such allocation shall be effective unless: 

(i) the transferring Member and the Assignee shall have given the Company written notice, prior to the effective date of such Transfer, stating
their agreement that such allocation shall be made on such proper basis; 
 (ii) the Managing Member shall have consented to such allocation;
and 
 (iii) unless the Managing Member determines otherwise, the transferring Member and the Assignee shall have agreed to reimburse the
Company for any incremental accounting fees and other expenses incurred by the Company in making such allocation. 
 If the Managing Member
withholds its consent to such allocation, an alternative allocation may be determined by the Managing Member, provided, that, such allocation is permissible under applicable law. 

ARTICLE IX 
 WITHDRAWAL,
DEATH, INCOMPETENCY 
 9.1 Withdrawal of Members. 

9.1.1 No Member may redeem its interest or withdraw from the Company without the prior written consent of the Managing Member, which
consent may be granted or withheld in the Managing Member’s discretion. 
 9.1.2 The Managing Member may terminate the interest
of any Member in the Company at any time upon at least five days’ prior written notice, if the Managing Member determines that the continued participation of the Member in the Company may adversely affect the Company (including for any tax,
ERISA or regulatory purposes, such as a change to an applicable law or regulation) or any Member. Without limiting the generality of the foregoing, the Managing Member may terminate the interest of any Member: (i) if there is any breach of such
Member’s representations, warranties or covenants in the Subscription Agreement, this Agreement or related documents executed by such Member; (ii) if the Member: (a) engages in illegal conduct or other misconduct which the Managing
Member determines could result in reputational harm to the Company, (b) is convicted of, or pleads nolo contendere to, a felony or serious misdemeanor, or (c) illegally or fraudulently obtains funds which the Member seeks to invest;
or (iii) the Managing Member determines that the continued participation of that Member may result in the assets of the Company being or continuing to be treated as “plan assets” that are subject to Title I of ERISA or
Section 4975 of the Code (or a comparable law or regulation). In the event of termination by the Managing Member of a Member’s interest (other than as a result of a default), such Member generally shall be paid by the Company, within 120
days thereafter (or as soon reasonably practicable thereafter) as the Company has available funds, in cash, in-kind, or by delivery of a note, an amount generally equal to 80% of the

  
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fair value of the Member’s interest in the Company at the end of the quarter preceding such termination (determined in good faith by the Managing Member in accordance with
Section 4.6), with the remaining 20% to be paid within 30 days following the completion of the audit of the Parent Company for the fiscal year in which the termination occurs, in cash,
in-kind, or by delivery of a note. Notwithstanding the foregoing, the Managing Member may, in lieu of terminating a Member’s interest, cause the Transfer of such interest. The interest in the Company held
by such terminated Member shall not be included in calculating the Company interests of the Members required to take any action under this Agreement. In the event a note is issued to a Member pursuant to this Section 9.1.2,
such note will bear terms which the Managing Member determines are reasonable market terms under the circumstances of the termination or withdrawal. Each Member acknowledges and agrees that actual payment in respect of a Member’s
interest in the Company may take substantially longer than 120 days from the date a Member’s interest in the Company is terminated and substantially longer than 30 days following the completion of the audit of the Parent Company for the fiscal
year in which the termination occurs. Notwithstanding a payment by the Company to a Member of any amount described above, the Company reserves the right to seek reimbursement from a Member whose interest has been terminated by the Managing Member
for Losses incurred by the Company resulting from any action or omissions of such Member. 
 9.1.3 If the Managing Member determines
(in consultation with Goldman Sachs) that the continued participation of Goldman Sachs, its affiliates, subsidiaries, successors or a Goldman Sachs employee or related entity in the Parent Company (and, indirectly, the Company) would cause the
Ongoing GS Investment (as defined in the Parent Company Agreement) to constitute more than 4.9% of total capital commitments to the Parent Company or would otherwise adversely affect the Parent Company or the Company, Goldman Sachs shall have right
to withdraw, and to permit its affiliates, subsidiaries, successors and any Goldman Sachs employees and their related entities to withdraw, a pro rata portion of each such investor’s portion of the Ongoing GS Investment from the Parent Company
in an amount necessary to reduce the amount of the Ongoing GS Investment to 4.9% of total capital commitments of the Parent Company or to an amount as otherwise determined by the Managing Member (in consultation with Goldman Sachs) is required to
avoid any adverse effect on the Parent Company or the Company (including for any legal or regulatory reasons, such as a change to an applicable law or regulation) or in order for the Parent Company, the Managing Member or Goldman Sachs to comply
with the Bank Holding Company Act, the Dodd-Frank Act or any other current or future laws, rules, regulations or legal requirements applicable to the Parent Company, the Managing Member or Goldman Sachs, or to reduce, eliminate or otherwise modify
the impact, or applicability, of any bank regulatory or other restrictions resulting from Goldman Sachs’ status under the Bank Holding Company Act or as an entity otherwise subject to the Dodd-Frank Act. 

9.2 Economic and Other Sanctions. 

9.2.1 In the event that the Managing Member determines that a Member is a Sanctioned Member, the Managing Member and/or Goldman Sachs
may, without prior notice to such Sanctioned Member or the other Members, take such actions as it determines required or advisable with respect to a Member, such Member’s interest and the Company generally, to comply with applicable Sanctions
Laws and Regulations and other applicable laws and regulations. In connection with taking any such actions and/or upon the lifting of any sanctions on a Sanctioned Member, the Managing Member may make such adjustments, including adjustments to
Drawdowns, Capital Accounts, Capital Contributions, Undrawn Commitments, distributions, allocations, voting rights, and any and all other fees, payments and obligations, as it determines appropriate. In addition, in the event that the Managing
Member determines that a Member is a Sanctioned Member, such Member will not participate in Portfolio Assets made by the Company while the applicable Member is a Sanctioned Member. 

  
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 9.2.2 Each Member that is not a Sanctioned Member will be required to bear an
increased amount of Company Expenses in order to cover the amount attributable to Sanctioned Members, except in the case of customs duties, taxes, and fees payable to the United States or any agency or instrumentality thereof or to any State,
territory, district, county, municipality or other political subdivision in the United States. 
 9.2.3 In the event a Sanctioned
Member ceases to be subject to sanctions under any Sanctions Laws and Regulations, the Managing Member may require such Sanctioned Member to make a contribution to the Company (or the Managing Member may retain amounts otherwise distributable to
such Sanctioned Member) for any Incentive Allocation, Promote and Company Expenses to which such Sanctioned Member would have been subject had such Sanctioned Member not been subject to such sanctions, plus an additional amount, equal to simple
interest, at a floating rate equal to Prime plus two percent per annum on the amount such Sanctioned Member is required to contribute to the Company under this Section 9.2.3 (such additional amount shall not be treated as a
Capital Contribution or reduce the Undrawn Commitment of such Member). The Managing Member (in its discretion as to timing and amount) may make distributions of any amounts received by the Company in accordance with this
Section 9.2.3 to the other Members pro rata in accordance with the amounts contributed by such other Members under Section 9.2.2. 

9.2.4 In the event that the Managing Member determines that a Parent Company Member is subject to sanctions under any Sanctions Laws and
Regulations, the Parent Company shall be deemed a Sanctioned Member only with respect to such Parent Company Member, and the Managing Member shall be entitled to exercise any and all of the rights set forth in this
Section 9.2 with respect to the Parent Company but only in respect of such Parent Company Member’s indirect investment in the Company and indirect participation in the Portfolio Assets. 

9.3 Effect of Death, Etc. The death, disability, incapacity, incompetency, bankruptcy, insolvency, termination or
dissolution of a Member shall not cause the commencement of the winding up and dissolution of the Company. Upon compliance with the provisions of Article VIII, the legal representatives, if any, of a Member shall succeed as Assignees to the
Member’s interest in the Company upon the death, incapacity, incompetency, bankruptcy, insolvency or dissolution of a Member, but shall not be admitted as Substituted Member without the written consent of the Managing Member, which may be
granted or withheld in its discretion, with or without cause. The interest in the Company held by such legal representative of a Member shall not be included in calculating the Company interests of the Members required to take any action under this
Agreement, unless such legal representative is admitted as a Substituted Member. 
 ARTICLE X 

DISSOLUTION; PROCEDURE ON DISSOLUTION 

10.1 Dissolution. The Managing Member may, with the prior consent of the Special Interest Member, dissolve the Company at
any time by giving notice of dissolution to the Members in accordance with the Act. The Company shall also be dissolved and terminated as set forth in Article II. 

10.2 Dissolution Procedures. Upon dissolution of the Company at the expiration of the Company term or for any other cause
set forth in this Agreement: 

  
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 10.2.1 The affairs of the Company shall be wound up and the Company liquidated by the
Managing Member, including the preparation and filing of all documents or instruments necessary to effect the Company’s dissolution, winding up and termination. The Managing Member will take any actions necessary or advisable to liquidate the
Company’s assets, including, if determined by the Managing Member, in its sole discretion, the appointment of agents (including the Managing Member and its Affiliates) to assist it in the liquidation process. The Managing Member and any such
“liquidation agent” (including the Managing Member or its Affiliates) may receive reasonable compensation, as determined by the Managing Member in its discretion, for the provision of such services, which compensation may be paid out of
the remaining assets of the Company. 
 10.2.2 All items of income, gain and loss (including any gain or loss from liquidation of the
Company) for the accounting period in which the Company is finally liquidated shall be allocated among the Members as provided in Article IV. 

10.2.3 The net proceeds of winding up shall be distributed in payment of liabilities of the Company in the following order: 

 

	 	(i)	 first, to creditors of the Company (other than Members); 

 

	 	(ii)	 second, to creditors of the Company who are Members; and 

 

	 	(iii)	 third, to the Members, in accordance with the provisions of Article IV. 

10.2.4 To the extent permitted by applicable Sanctions Laws and Regulations and other applicable laws and regulations, any net proceeds
owed to a Sanctioned Member under Section 10.2.3(iii) shall be paid into the Sanctioned Member’s frozen Funding Account in the name of the Sanctioned Member. 

ARTICLE XI 

MISCELLANEOUS 
  

	 	11.1	 Amendment. 

11.1.1 This Agreement may be amended with the consent of the Managing Member and a Majority in Interest of the Members, which consent
may be obtained by a Member’s failure to object in writing after 15 calendar days’ notice of the proposed amendment (or such shorter notice period that the Managing Member determines is appropriate under the circumstances), and subject to
the provisions of this Section 11.1, any such amendment shall be binding on all Members. The Managing Member may modify or amend this Agreement, or any exhibit hereto, without the consent of the Members, to: 

(i) make any necessary or advisable change, in the opinion of the Managing Member, to comply with, or reduce the burden of
complying with, the Bank Holding Company Act, the Dodd-Frank Act, any applicable Sanctions Laws and Regulations, or any other current or future laws, rules, regulations or legal requirements applicable to Goldman Sachs or the Company, or to reduce,
eliminate or otherwise modify the impact, or applicability, of any bank regulatory or other restrictions resulting from Goldman Sachs’ status under the Bank Holding Company Act or as an entity otherwise subject to the Dodd-Frank Act; 

  
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 (ii) make any necessary or advisable change, in the opinion of the Managing
Member, in connection with any assignment or transfer by the Managing Member of any of its rights or obligations or any assignment or transfer of interests Goldman Sachs may hold in the Company pursuant to Sections 6.3.6 and 8.1.6, in
each case to the extent such assignment or transfer is deemed necessary or advisable to comply with, or reduce the burden of complying with, the Bank Holding Company Act, the Dodd-Frank Act or any current or future laws, rules, regulations, statutes
or legal requirements applicable to Goldman Sachs or the Company; 
 (iii) conform this Agreement to the disclosure contained
in the Offering Memorandum; 
 (iv) make a change to correct or supplement any conflicting provision in this Agreement, and
delete or add provisions as may be required by applicable law or regulations, in each case, as determined by the Managing Member in its discretion; 

(v) reflect a change in the name of the Company; 

(vi) make any necessary or advisable change, in the opinion of the Managing Member, to qualify the Company a limited liability
company or other entity in which the Members have limited liability under the laws of any state or other jurisdiction or to ensure that the Company will not be treated, for U.S. federal income tax purposes, as an association taxable as a
corporation; 
 (vii) make any change that does not materially adversely affect the Members (taken as a whole); 

(viii) make a change that is necessary or advisable, as determined by the Managing Member in its discretion, to address adverse
changes in the tax law or interpretations thereof applicable to the Company; 
 (ix) make any change in any provision of this
Agreement that requires any action to be taken by or on behalf of the Managing Member or the Company pursuant to the requirements of applicable Delaware law if the provisions of applicable Delaware law are amended, modified or revoked so that the
taking of such action is no longer required; 
 (x) prevent the Company or the Managing Member from in any manner being
deemed an “investment company” subject to the provisions of the Investment Company Act; 
 (xi) correct mistakes or
clarify ambiguities as determined by the Managing Member in its discretion; 
 (xii) make amendments in connection with an
IPO, including without limitation any amendments described in Section 6.2.1; 
 (xiii) reflect any
changes validly made in the membership of the Company and the Capital Contributions, Capital Commitments and Company interests of the Members; 

(xiv) make any advisable change, in the opinion of the Managing Member, to satisfy any requirements, conditions or guidelines
contained in any applicable statute or any opinion, directive, order, ruling or regulation relating thereto, so long as such change does not adversely affect the Members; 

  
 43 

 (xv) prevent the assets of the Company from being treated as “plan
assets” that are subject to Title I of ERISA or Section 4975 of the Code (or a comparable law or regulation); 

(xvi) cause the Company to automatically dissolve and terminate no later than the date that is 15 years from the date of the
formation of the Company unless the Company is terminated earlier pursuant to this Agreement; 
 (xvii) make any amendments
to this Agreement to reflect changes negotiated with additional Members between first and final closing so long as the changes do not materially adversely affect the rights and obligations of any existing Member (excluding any existing Member that
gives its consent to such changes); or 
 (xviii) make any other amendments similar to the foregoing. 

No amendment may be made, without the consent of each affected Member, other than Sanctioned Members, that would have the
effect of amending the provisions of this Agreement relating to amendments. No amendment that would have the effect of increasing the liability or obligations of a Member or reducing a Member’s right to distributions (except upon admission of
additional Members or increase in Members’ Capital Commitments, upon forfeiture of interests in accordance with Section 3.4, upon a withdrawal effected pursuant to Section 9.1.2, or as otherwise stated herein) may be made without
the consent of the affected Member other than Sanctioned Members. 
  

	 	11.2	 Investment Representations. 

11.2.1 Each Member (other than the Managing Member and the Special Interest Member), by executing this Agreement or an amendment hereto,
represents and warrants that (a) it is an “accredited investor” (as defined for purposes of Regulation D promulgated under the Securities Act), (b) its interest in the Company has been acquired by it for its own account for investment
and not with a view to resale or distribution thereof; (c) it is a “qualified purchaser” as defined in Section 3(c)(7) of the Investment Company Act and (d) it is fully aware that, in agreeing to admit it as a Member, the
Managing Member and the Company are relying upon the truth and accuracy of these representations and warranties. 
 11.2.2 Each
Member, by executing this Agreement or an amendment hereto, represents and warrants that in making its decision to invest in the Company such Member has relied solely upon the Offering Memorandum, any side letters delivered in accordance with
Section 11.15, the advice of its own tax, legal or other advisers and independent investigations made by such Member prior to becoming a Member, and has not relied in any way upon the Company, the Managing Member, Goldman
Sachs, or any officer, employee, agent or Affiliate of any of the foregoing for any investment, legal or tax advice. 
  

	 	11.2.3	 [INTENTIONALLY OMITTED] 

11.3 FCC Representations and Covenants. Each Member, other than Goldman Sachs and any GS Affiliated Member, hereby
acknowledges, covenants and agrees that such Member will not be materially involved, directly or indirectly, in the management or operation of the media-related activity of the Company and that neither it nor any of its directors, officers, members
or greater than five percent equity holders will: 

  
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 (i) act as an employee of the Company (directly or through the officers,
directors, members or Affiliates of such Member) if such Member’s functions (or those of its officers, directors, members or Affiliates), directly or indirectly, relate to any Media Company; 

(ii) serve, in any material capacity, as an independent contractor or agent with respect to any Media Company in which the
Company has an interest; 
 (iii) communicate with the management of any Media Company in which the Company has an interest
or with the Managing Member on matters pertaining to the day-to-day operations of any Media Company in which the Company has an interest or any media business of the
Company; 
 (iv) vote to admit any additional or replacement Managing Member to the Company unless such additional or
replacement Managing Member has been approved by the Managing Member(s) then existing; 
 (v) perform any services for the
Company materially relating to any Media Company in which the Company has an interest; or 
 (vi) become actively involved in
the management or operation of any Media Company in which the Company has an interest. 
 11.4 Power of Attorney. By
signing the Subscription Agreement, each Member: (i) agrees that the signature page to the Subscription Agreement shall be deemed a counterpart signature page to this Agreement and (ii) grants the power of attorney contained in the
Subscription Agreement in favor of the Managing Member, and each Member does hereby constitute, designate and appoint the Company and any duly authorized representative of the Company, including any officer of director of the Company, the Managing
Member and any Person succeeding as the Managing Member, each Person who is or shall hereafter become an officer or director of the Managing Member or any successor Managing Member and each of its officers or employees, each acting individually, as
its true and lawful agent and attorney-in-fact, in its name, place and stead, to: 

(a) execute all documents required in connection therewith on behalf of such Member between the Company, Members, the Managing
Member and any Person being admitted by the Managing Member to the Company as a Member (or such other parties as may be appropriate) in such form and on such terms and conditions as the Managing Member or other Person appointed hereby considers in
its, his or her absolute discretion necessary or appropriate, including reference to this Agreement and the novation thereof and agreeing and covenanting with such Person on behalf of the Member that the Member will from the effective date of such
documents comply with and observe the terms of this Agreement after giving effect to such novation; 
 (b) make, execute,
sign, deliver, acknowledge, swear to and file: (I) all documents as may be required under the Act; (II) any and all instruments, certificates, and other documents which may be deemed necessary or desirable to effect the winding-up and termination of the Company (including a Certificate of Cancellation of the Company’s Certificate of Formation); (III) any business certificate, fictitious name certificate, amendment thereto, or
other instrument, agreement, indemnity or document of any kind necessary or desirable to accomplish the business, purposes and objectives of the Company, or required by an applicable federal, state or local law; (IV) any counterparts of this
Agreement or agreements with additional or Substituted 

  
 45 

 Members, and any amendments hereto or thereto (whether or not such Member is a signatory
thereto) provided such amendment has been approved as provided herein, including amendments required to effectuate the default remedies contemplated by Section 3.4; and (V) all other filings with agencies of the U.S.
federal government, of any state or local government, or of any other jurisdiction, which the Managing Member considers necessary or desirable to carry out the purposes of this Agreement and the business of the Company; 

(c) execute any agreement on behalf of the Members to give effect to any lock-up of
Company interests required in an IPO for a specified period of time after the consummation of the IPO; and 
 (d) sell,
transfer or otherwise pledge or encumber its interest in the Company in accordance with the terms of this Agreement, including with respect to the exercise of any remedies upon a default as provided herein. 

The power of attorney hereby granted by each of the Members and granted by each of the Members pursuant to
Section 3.4.3: (i) is coupled with and is intended to secure an interest in property and the obligations of the relevant Member hereunder, is irrevocable, shall survive the Transfer of the Member’s interest in the
Company and shall survive and shall not be affected by, the subsequent death, disability, incapacity, incompetency, termination, bankruptcy, insolvency or dissolution of such Member; (ii) may be exercised by any Person acting as attorney-in-fact under this Section 11.4 without notice to or any additional action on the part of any Member, either by signing separately as attorney-in-fact for each Member or, after listing all of the Members executing an instrument, by a single signature of the Person acting as attorney-in-fact for all of them; and (iii) shall survive the Transfer by a Member of the whole or any portion of such Member’s interest, except that, where the transferee of the whole of such
Member’s interest has been approved by the Managing Member for admission to the Company as a Substituted Member, the power of attorney of the transferor Member shall survive the delivery of such assignment for the sole purpose of enabling the attorney-in-fact to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect such substitution. 

11.5 Instruments. The parties agree to execute and deliver any further instruments or perform any acts which are or may
become necessary to carry on the Company created by this Agreement or to effectuate its purposes. 
 11.6 Successors and
Assigns. This Agreement shall be binding upon the permitted transferees, Successors, assigns and legal representatives of the parties to this Agreement. 

11.7 Governing Law. This Agreement will be construed in accordance with and shall be governed by the laws of the State of
Delaware, and to the maximum extent possible, in such manner as to comply with all the terms and conditions of the Act. If it is determined by a court of competent jurisdiction that any provision of this Agreement is invalid under applicable law,
such provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
  

	 	11.8	 Jurisdiction and Venue; Waiver of Jury Trial. 

11.8.1 Any suit, action or proceeding relating in any way to this Agreement (including counterclaims) must be brought exclusively in the
courts of the State of New York located in New York County, New York or (to the extent subject matter jurisdiction exists therefor) of the United States District Court for the Southern District of New York and/or in the courts of the State of 

  
 46 

 Delaware in the City of Wilmington. The parties irrevocably submit to the jurisdiction of such courts with
respect to any such suit, action or proceeding, and each Member hereby designates and approves the Company as its agent for service of process. Notwithstanding the foregoing, a party may commence any suit, action or proceeding in a court other than
the above-named courts solely for the purpose of enforcing an order or judgment issued by one of the above-named courts. 
 11.8.2
Each of the parties hereto irrevocably waives, to the fullest extent permitted by law, and agrees not to assert, by way of motion, as a defense or otherwise, in any such suit, action or proceeding, (i) any claim that it is not subject
personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution; (ii) any objection that it may now or hereafter have to the laying of venue of any such suit, action or proceeding in
the courts of the State of New York located in New York County, New York or of the United States District Court for the Southern District of New York, and/or in the courts of the State of Delaware in the City of Wilmington; and (iii) any claim
that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum, should be transferred or removed to any court other than one of the above-named courts, or should be stayed by reason of the pendency of
some other proceeding in any other court other than one of the above-named courts. 
 11.8.3 Each of the parties hereto waives all
right to trial by jury in any action, suit or prior proceeding arising out of or relating to this Agreement. 
 11.8.4 This Agreement
shall be deemed an “instrument for the payment of money only” within the meaning of Section 3213 of the New York Civil Practice Law and Rules (the “CPLR”), and, in the event of a failure by a Member to pay any
Drawdown or other amount payable by such Member to the Company and due pursuant to this Agreement, an expedited proceeding may be brought by the Managing Member or the Company pursuant to the provisions of CPLR Section 3213 to collect the
amounts due from such Member. 
 11.9 Gender, Etc. As used herein, masculine pronouns shall include the feminine and
neuter, neuter pronouns shall include the masculine and the feminine, feminine pronouns shall include the masculine and the neuter, and the singular shall be deemed to include the plural. 

11.10 No Partition. Each Member hereby irrevocably waives any and all rights that it may have to maintain an action for
partition of any of the Company’s property. 
 11.11 Notices. All notices and other communications relating to this
Agreement will be in writing and will be deemed to have been given when personally delivered, three days following mailing by first class mail, return receipt requested, one Business Day following delivery to a reliable overnight courier or
following transmission by electronic facsimile or electronic mail. All notices to the Company shall be addressed to its principal place of business. All notices to a Member shall be addressed to such Member’s address, facsimile number or
electronic mail address set forth in the records of the Company or to such other address as has been designated by such Member to the Company. 

11.12 Counterparts. This Agreement may be executed in counterparts with the same force and effect as if each of the
signatories had executed the same instrument. 
 11.13 Headings. The titles of the Articles and the headings of the
Sections of this Agreement are for convenience of reference only and are not to be considered in construing the terms and provisions of this Agreement. 

  
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	 	11.14	 Confidentiality. 

11.14.1 Each Member acknowledges that the other Members are relying on such Member to maintain the confidentiality of any information
relating to such other Members, the Company, any existing, past or prospective Project or Portfolio Asset, and the affairs of the Company generally. Accordingly, the Members hereby acknowledge and agree that to the fullest extent permitted by Section 18-305(g) of the Act, as amended, the rights of a Member to obtain information from the Managing Member and the Company regarding the state of the business and financial condition of the Company shall
be restricted, in the Managing Member’s discretion, to only those rights provided for in this Agreement, and that any other rights provided under Section 18-305(a) of the Act shall not be available
to the Members or applicable to the Company, except as otherwise provided by the Managing Member. The Managing Member and the Company, may also keep confidential and not disclose to any or all Members, and may require the Members to keep
confidential, any information, including: (i) any information regarding any other Member (including their identity); (ii) any information, financial or otherwise, regarding the Company; (iii) any information about any existing, past or
prospective Portfolio Assets; (iv) any financial information; (v) any correspondence with any other Member or Members; and (vi) the provisions of this Agreement, any side letters entered into with respect to this Agreement and the
documentation specified in Section 5.3 (any such information, whether obtained from the Managing Member, the Company or any other source, “Confidential Information”). The Managing Member may disclose
Confidential Information to certain Members on a selective basis, or may provide different Confidential Information to different Members, each as determined by the Managing Member. Notwithstanding anything in this Agreement to the contrary,
including Section 5.3, any information to be provided or disclosed to a Member may be adjusted, in the Managing Member’s discretion, such that the data that identifies any other Member and any existing, past or
prospective Project or Portfolio Asset need not be disclosed to the Member. Each Member acknowledges and agrees that the Confidential Information shall be deemed non-public, confidential and proprietary in
nature and shall constitute trade secrets under applicable law with respect to the Company and its portfolio assets, the disclosure of which could have adverse effects on the Company, its Projects and Portfolio Assets. In addition, each Member
(other than the Special Interest Member) will be prohibited from seeking to obtain the identity of, or information regarding, any Member (whether or not generally available to Persons who are Members) or to contact any other Member regarding the
Company. The Managing Member shall be entitled to terminate the interest of any Member that discloses Confidential Information in a manner not expressly permitted by this Section 11.14. 

11.14.2 Each Member (including the Special Interest Member; provided, that “Confidential Information” is limited
to the information in clause (iii) of such definition for the Special Interest Member) agrees that, without the prior written consent of the Managing Member (which may be withheld in the discretion of the Managing Member), the Member:
(i) shall maintain in strict confidence and not disclose any Confidential Information to any Person who is not an officer, employee, accountant, investment advisor, attorney or tax advisor who is involved in such Member’s investments,
except to the extent: (a) such information is in the public domain (other than as a result of any action or omission by the Member or any Person to whom the Member has disclosed such information) or (b) such information is required by
applicable law to be reflected in the Member’s tax filings and (ii) shall not use Confidential Information for any purpose, including contacting other Members, other than the preparation of such Member’s tax returns and evaluation of
the performance of the Member’s investment in the Company. Each Member shall first advise any officer, employee, accountant, attorney or tax advisor involved in such Member’s investments of the confidential nature of such information and
the Member’s obligations with respect to the Confidential Information prior to the disclosure of any such information. In addition, each Member agrees not to use any Confidential Information other than in connection with monitoring its
investment in the 

  
 48 

 Company (including not using any such information to trade in securities). Each Member further agrees that
the Managing Member may limit or redact Confidential Information (including restricting the use of such information). In the event disclosure of any such information is permitted by the Managing Member or the exceptions set forth in the first
sentence of this Section 11.14.2, such Member is responsible for the compliance by any such recipient with the foregoing restrictions. Each Member acknowledges and agrees that monetary damages would not be sufficient remedy
for any breach of this Section 11.14.2 by a Member and that in addition to any other remedies available to the Company in respect of any such breach, the Company shall be entitled to specific performance and injunctive or
other equitable relief as a remedy for any such breach, without the obligation of posting a bond or other security. 
 11.14.3 Each
Member who is subject to the United States Freedom of Information Act, as amended, or any comparable law or regulation of any U.S. state or other jurisdiction, acknowledges that the Company, in the discretion of the Managing Member, shall have the
right to not provide such Member with Confidential Information or any portion thereof, including Confidential Information provided by the Company to other Members. 

11.14.4 Each Member: (i) acknowledges that the Managing Member may release Confidential Information about such Member and, if
applicable, any underlying beneficial owners of such Member, including during the period after an IPO, if the Managing Member determines in good faith that such release is in the best interest of the Company, including in light of applicable law
concerning money laundering and similar activities, or in connection with any incurrence of any indebtedness, guarantees, or other obligations of the Company, in connection with the acquisition of any Portfolio Asset or in connection with any filing
or reporting obligations to a governmental or regulatory authority and (ii) agrees to provide the Managing Member with any additional information that the Managing Member deems necessary to ensure compliance with any laws or regulations
applicable to the Company or its business. 
 11.14.5 Notwithstanding anything to the contrary in
Section 11.14.2, in the event a Member (or its representatives) is requested to disclose any Confidential Information: (i) to any governmental regulatory body having jurisdiction over the Member; (ii) in response
to any court order, subpoena, civil investigative demand or similar process; or (iii) in connection with any disclosure obligation under any law, the Member shall provide written notice to the Managing Member immediately after such request and
prior to responding, unless such notice is prohibited by applicable law, so that the Managing Member may seek a protective order or other appropriate remedy (and such Member agrees to cooperate with the Managing Member in connection with seeking
such order or other remedy). In the event that such protective order or other remedy is not obtained, such Member agrees to furnish only that portion of the information that it determines, after consultation with counsel, is legally required, and to
exercise best efforts to obtain assurance that confidential treatment will be accorded such information. No such notice shall be required with respect to disclosure to a governmental regulatory body pursuant to periodic regular regulatory
examinations. In addition, if upon receipt by the Managing Member of written notice from any Member of a public disclosure request, the Managing Member determines that the disclosure of the requested information could adversely affect the Company,
the Managing Member: (a) may, subject to applicable limitations on Transfers, facilitate the sale or Transfer or may terminate the interest of the Member or (b) may withhold some or all information which would otherwise be provided to the
Member under the terms of this Agreement. 

  
 49 

 11.14.6 Each Member understands and acknowledges that the Company and the Managing
Member make no representation or warranty as to the accuracy or completeness of the Confidential Information provided to the Member which is provided to the Company by any third party, including any Project or Portfolio Asset, and that to the extent
the Company provides any such information to any Member, each Member acknowledges and agrees that such information is provided for information purposes only. The Company and the Managing Member shall have no liability to any Member or any other
Person resulting from reliance on or use of the Confidential Information. 
 11.14.7 Notwithstanding the foregoing or anything else
contained in this Agreement or elsewhere to the contrary, each Member (and any employee, representative or other agent thereof) may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax structure of, and all tax
strategies relating to, the Company, the Member’s ownership of an interest in the Company, and any Company transaction and all materials of any kind (including opinions and other tax analyses) that are provided to the Member relating to such
tax treatment, tax structure and tax strategies. For this purpose, “tax structure” means any facts relevant to the U.S. federal or state income tax treatment of the Company, the Member’s ownership of an interest in the Company, and
any Company transaction, and does not include information relating to the identity of the Company, Members, any Portfolio Asset or any of their respective Affiliates. Nothing in this Section 11.14.7 shall be deemed to
require the Managing Member to disclose to any Member any information that the Managing Member is permitted or is required to keep confidential in accordance with this Agreement or otherwise. 

11.15 Side Letters. Notwithstanding the provisions of this Agreement or any Subscription Agreement, it is hereby
acknowledged and agreed that the Managing Member (and its Affiliates), on its own behalf or on behalf of the Company, and without the approval of any Member, may, subject to applicable law, enter into a side letter or similar agreement with a Member
that has the effect of establishing legal, economic or other rights or obligations under this Agreement, or altering, waiving, amending or supplementing the legal, economic or other terms hereof with respect to such Member or any Subscription
Agreement (such side letters and letter agreements, a “Side Letter”). Each Member acknowledges that as a result, the terms and conditions of the Members’ investments in the Company may differ. The parties agree that, subject to
applicable law, any terms contained in a Side Letter to or with a Member shall govern with respect to such Member notwithstanding the provisions of this Agreement or any Subscription Agreement. Each Member acknowledges the Managing Member (and its
Affiliates) shall be under no obligation to make such Side Letters (or any provisions thereof) available on equal terms to other Members, and the Company cannot, and is under no duty to, enforce equality of treatment of Members under any such Side
Letters. 
  

	 	11.16	 [INTENTIONALLY OMITTED] 

11.17 Grantors of Revocable Trusts. Each Member that is a revocable trust agrees that, if the trustee of such revocable
trust and the grantor of such revocable trust are the same Person, the trustee’s execution of this Agreement and any other documents executed in connection with the Company shall bind such Person in his or her capacity both as trustee and as
grantor of such revocable trust. 
 11.18 Financing. Each Member understands and agrees that, in connection with
procuring financing for the Company (and/or the guaranteeing, indemnification or otherwise securing the obligations of the Portfolio Assets and/or investment vehicles or other Affiliates of the Company), the Company may determine that it is
necessary or desirable to mortgage, charge, pledge, assign or otherwise grant security interests, to the provider(s) of such financing (or their agent or trustee) in or over collateral, including: (i) the rights of the Company to issue a
Drawdown Notice or other notice of a required payment and exercise any remedies to enforce the Member’s 

  
 50 

 funding obligations in accordance with the terms of this Agreement; (ii) the rights and remedies of the
Company under Sections 3.1.1 and 3.4; and (iii) any other assets, rights and remedies of the Company and the Managing Member. Each Member hereby consents to the Company entering into any such financing and any such mortgage,
charge, pledge, assignment or grants of security interests, and agrees that, in connection with the implementation of such financing, each Member shall (i) confirm such Member’s Capital Commitment, Undrawn Commitment and Capital
Contribution; (ii) provide financial information about such Member; (iii) confirm that such Member’s obligation to fund Drawdowns up to the amount of such Member’s Undrawn Commitment is absolute and unconditional, without any
right of offset, counterclaim or defense; (iv) execute any other documents as may be reasonably requested by the provider(s) of such financing (or their agent or trustee) or the Managing Member, in each case at such time and from time to time
as may be determined by the Managing Member or requested by the provider(s) of such financing (or their agent or trustee); and (v) provide a guarantee as to such Member’s allocable share of the obligations of the Company with respect to
such financing. To the extent that the Company has outstanding obligations under a credit facility which are secured by the Undrawn Commitments of the Members, and the provider(s) of such financing (or their agent or trustee) requires a Drawdown,
each Member may be obligated to fund into a bank account of, or that the Company has pledged to or otherwise secured in favor of, such provider(s) of such financing (or their agent or trustee) any portion of a Member’s Undrawn Commitment that
is called for purposes of making payment with respect to such credit facility without offset, counterclaim or defense, including any defense of fraud or mistake, or any defense under Section 365 of the U.S. Bankruptcy Code, and each Member
hereby waives all rights to setoff or counterclaim and all defenses (including any defense of fraud or mistake, or any defense under Section 365 of the U.S. Bankruptcy Code) with respect to its obligation to fund such Drawdown; provided,
that such agreement to fund shall not act as a waiver by such Member of its right to assert independently any claim that the Member may have against any other Member or the Company. 

 

	 	11.19	 [INTENTIONALLY OMITTED] 

11.20 Each Interest in the Company is a Security. The Company, each Member and any other party hereto expressly
acknowledge and agree that: (i) each interest in the Company is a security governed by Article 8 of the Uniform Commercial Code in effect in the State of Delaware (the “DEUCC”) and the Uniform Commercial Code of any other
relevant jurisdiction and (ii) this Agreement establishes the terms of the interests in the Company. The issuer’s jurisdiction (within the meaning of Section 8-110 of the DEUCC) of the Company
shall be the State of Delaware. 
 11.21 Voting. Notwithstanding anything to the contrary in this Agreement, with
respect to any matter or action involving the Company that requires the approval or consent of some or all of the Members prior to an Exit Event, for purposes of determining whether such approval or consent (together, a “Vote”) has been
obtained, the vote of the Parent Company shall be treated as in favor or opposition of such matter or action proportionately in accordance with the votes as to such matter or action of the Parent Company Members in accordance with the Parent Company
Agreement. For purposes of determining a Majority in Interest of the Members, the following shall be excluded: (i) Capital Commitments made by a Member or capital commitments made by a Parent Company Member which is in default of its
obligations to the Company or the Parent Company, as applicable, as described in Section 3.4 of each of this Agreement and the Parent Company Agreement, respectively, until such default is cured; (ii) Capital
Commitments made by any Member or capital commitments made by a Parent Company Member which has transferred all of its interest in the Company or the Parent Company, as applicable; (iii) Capital Commitments made or acquired by an Assignee of
all or any portion of the interest in the Company of a Member that has not become a Substituted Member; (iv) capital commitments made or acquired by an Assignee (as such term is 

  
 51 

 defined in the Parent Company Agreement) of all or any portion of the interest in the Parent Company by a
Parent Company Member that has not become a Substituted Member (as such term is defined in the Parent Company Agreement); (v) capital commitments made by the Parent Company to the Company in its capacity as a Member of the Company; (vi) Capital
Commitments made by a Parent Company Member which is a GS Affiliated Member, is an Affiliate of a GS Affiliated Member or is, is the spouse of or is controlled by (or by the spouse of) a Goldman Sachs Person or a consultant to Goldman Sachs;
(vii) capital commitments made by a Parent Company Member which is a GS Affiliated Member (as such term is defined in the Parent Company Agreement), is an Affiliate (as such term is defined in the Parent Company Agreement) of a GS Affiliated
Member (as such term is defined in the Parent Company Agreement) or is, is the spouse of or is controlled by (or by the spouse of) a Goldman Sachs Person (as such term is defined in the Parent Company Agreement) or a consultant to Goldman Sachs (as
such term is defined in the Parent Company Agreement); (viii) Capital Commitments made by any Sanctioned Member; and (ix) capital commitments made by any Sanctioned Member (as such term is defined in the Parent Company Agreement) of the Parent
Company. 
 [Signature Page Follows] 

  
 52 

 MN8 ENERGY OPERATING COMPANY LLC 

In witness whereof, the parties hereto have caused this Agreement to be executed as of the date first above written. 

 

			
	MANAGING MEMBER:
	
	MN8 Energy LLC
		
	By:	 	 /s/ Tim Leach

	 Name: Tim Leach

	 Title: Chairman of the Board

 [Signature Page to Second A&R Limited Liability Company Agreement] 

 GOLDMAN SACHS RENEWABLE POWER OPERATING COMPANY LLC 

In witness whereof, the parties hereto have caused this Agreement to be executed as of the date first above written. 

 

			
	SPECIAL INTEREST MEMBER:
	
	GSAM Holdings II LLC
		
	By:	 	 /s/ Raanan Agus

		 	Name: Raanan Agus
		 	Title: Vice President

 [Signature Page to Second A&R Limited Liability Company Agreement] 

 Exhibit A 

[See attachment]EX-10.15

 Exhibit 10.15 

Execution Version 

INTERNALIZATION AGREEMENT 

by and among 
 MN8
Energy, Inc., 
 Goldman Sachs Renewable Power Operating Company LLC, 

Goldman Sachs Renewable Power LLC, 

Goldman Sachs Asset Management, L.P., 

and 
 GSAM Holdings II
LLC 
 dated as of 

May 18, 2022 
  

							
	Table of Contents	  			
	 ARTICLE I. DEFINED TERMS
	  	 	1	 
		
	 ARTICLE II. INTERNALIZATION
	  	 	2	 
			
	 Section 2.01
	  	Senior Management Team	  	 	2	 
			
	 Section 2.02
	  	GSAM Subject Employees	  	 	2	 
			
	 Section 2.03
	  	Termination of Management Agreement	  	 	4	 
			
	 Section 2.04
	  	Internalization Payment	  	 	4	 
			
	 Section 2.05
	  	Limited Liability Company Agreement Amendments	  	 	5	 
			
	 Section 2.06
	  	Transition Services	  	 	5	 
			
	 Section 2.07
	  	Boca Raton Lease	  	 	5	 
			
	 Section 2.08
	  	Board Composition	  	 	5	 
			
	 Section 2.09
	  	Registration Rights Agreement	  	 	6	 
		
	 ARTICLE III. CLOSING
	  	 	6	 
			
	 Section 3.01
	  	Closing	  	 	6	 
			
	 Section 3.02
	  	Closing Deliverables	  	 	6	 
		
	 ARTICLE IV. REPRESENTATIONS AND WARRANTIES OF THE GSAM ENTITIES
	  	 	8	 
			
	 Section 4.01
	  	Organization	  	 	8	 
			
	 Section 4.02
	  	Authority	  	 	8	 
			
	 Section 4.03
	  	No Violations	  	 	8	 
			
	 Section 4.04
	  	Consents and Approvals	  	 	8	 
			
	 Section 4.05
	  	Legal Proceedings; Orders	  	 	9	 
			
	 Section 4.06
	  	Management Services Agreement	  	 	9	 
			
	 Section 4.07
	  	Employment and Labor Matters	  	 	9	 
			
	 Section 4.08
	  	Boca Raton Lease	  	 	9	 
			
	 Section 4.09
	  	Investment Intent	  	 	10	 
			
	 Section 4.10
	  	Legends	  	 	10	 
			
	 Section 4.11
	  	Brokers and Finders	  	 	10	 
			
	 Section 4.12
	  	QBI Contracts	  	 	10	 
			
	 Section 4.13
	  	No Additional Representations	  	 	10	 
		
	 ARTICLE V. REPRESENTATIONS AND WARRANTIES OF THE GSRP PARTIES
	  	 	11	 
			
	 Section 5.01
	  	Organization	  	 	11	 
			
	 Section 5.02
	  	Authority	  	 	11	 
			
	 Section 5.03
	  	No Violations	  	 	11	 
			
	 Section 5.04
	  	Consents and Approvals	  	 	11	 
			
	 Section 5.05
	  	Capital Structure; Subsidiaries	  	 	11	 

							
			
	 Section 5.06
	  	Financial Statements	  	 	12	 
			
	 Section 5.07
	  	Undisclosed Liabilities	  	 	13	 
			
	 Section 5.08
	  	Absence of Certain Changes	  	 	13	 
			
	 Section 5.09
	  	Legal Proceedings; Orders	  	 	13	 
			
	 Section 5.10
	  	Compliance with Applicable Laws; Permits	  	 	13	 
			
	 Section 5.11
	  	Registration Statement	  	 	14	 
			
	 Section 5.12
	  	Brokers and Finders	  	 	14	 
			
	 Section 5.13
	  	No Additional Representations	  	 	14	 
		
	 ARTICLE VI. COVENANTS
	  	 	14	 
			
	 Section 6.01
	  	Conduct of GSRP Parties	  	 	14	 
			
	 Section 6.02
	  	Conduct of GSAM Entities	  	 	16	 
			
	 Section 6.03
	  	Restrictive Covenants	  	 	17	 
			
	 Section 6.04
	  	Investment Banking Services	  	 	22	 
			
	 Section 6.05
	  	Access to Information; Financial Statements	  	 	22	 
			
	 Section 6.06
	  	Regulatory Matters; Third Party Consents	  	 	23	 
			
	 Section 6.07
	  	Further Assurances	  	 	23	 
			
	 Section 6.08
	  	Notification of Certain Matters	  	 	23	 
			
	 Section 6.09
	  	Public Announcements	  	 	23	 
			
	 Section 6.10
	  	Information Statement	  	 	24	 
			
	 Section 6.11
	  	Indemnification and Insurance	  	 	24	 
			
	 Section 6.12
	  	Preservation of Books and Records	  	 	25	 
			
	 Section 6.13
	  	Registration of Securities	  	 	25	 
			
	 Section 6.14
	  	Production of Witnesses; Cooperation	  	 	25	 
			
	 Section 6.15
	  	Privileged Matters	  	 	26	 
			
	 Section 6.16
	  	Corporate Names and Trademarks	  	 	28	 
			
	 Section 6.17
	  	Termination of Affiliate Agreements	  	 	29	 
			
	 Section 6.18
	  	Assignment of Contracts	  	 	29	 
			
	 Section 6.19
	  	Section 16 Matters	  	 	30	 
			
	 Section 6.20
	  	Subject Intellectual Property	  	 	30	 
		
	 ARTICLE VII. CONDITIONS
	  	 	30	 
			
	 Section 7.01
	  	Conditions to Each Party’s Obligations	  	 	30	 
			
	 Section 7.02
	  	Additional Conditions to Obligations of the GSAM Entities	  	 	30	 
			
	 Section 7.03
	  	Additional Conditions to Obligations of the GSRP Parties	  	 	31	 
		
	 ARTICLE VIII. TERMINATION, AMENDMENT AND WAIVER
	  	 	32	 
			
	 Section 8.01
	  	Termination	  	 	32	 

							
	 Section 8.02
	  	Effect of Termination	  	 	32	 
		
	 ARTICLE IX. TAX MATTERS
	  	 	32	 
			
	 Section 9.01
	  	Tax Returns	  	 	32	 
			
	 Section 9.02
	  	Contests	  	 	33	 
			
	 Section 9.03
	  	Cooperation and Exchange of Information	  	 	33	 
			
	 Section 9.04
	  	Corporate Reorganization	  	 	33	 
		
	 ARTICLE X. MISCELLANEOUS
	  	 	34	 
			
	 Section 10.01
	  	Preemptive Rights	  	 	34	 
			
	 Section 10.02
	  	Survival	  	 	35	 
			
	 Section 10.03
	  	Fees and Expenses	  	 	35	 
			
	 Section 10.04
	  	Notices	  	 	36	 
			
	 Section 10.05
	  	Amendment	  	 	37	 
			
	 Section 10.06
	  	Waiver	  	 	37	 
			
	 Section 10.07
	  	Severability	  	 	37	 
			
	 Section 10.08
	  	Entire Agreement	  	 	37	 
			
	 Section 10.09
	  	Assignment	  	 	37	 
			
	 Section 10.10
	  	Parties in Interest	  	 	38	 
			
	 Section 10.11
	  	Failure or Indulgence Not Waiver; Remedies Cumulative	  	 	38	 
			
	 Section 10.12
	  	Governing Law; Jurisdiction	  	 	38	 
			
	 Section 10.13
	  	Enforcement of Agreement; Specific Performance	  	 	39	 
			
	 Section 10.14
	  	Counterparts	  	 	39	 
			
	 Section 10.15
	  	Time is of the Essence	  	 	39	 
			
	 Section 10.16
	  	Rules of Interpretation	  	 	40	 
			
	 Section 10.17
	  	Legal Representation	  	 	40	 

  

 INTERNALIZATION AGREEMENT 

THIS INTERNALIZATION AGREEMENT (this “Agreement”), dated as of May 18, 2022, is entered into by and among
(i) MN8 Energy, Inc., a Delaware corporation (“GSRP Holdings”), (ii) Goldman Sachs Renewable Power Operating Company LLC, a Delaware limited liability company (“OpCo”), (iii) Goldman Sachs Renewable Power LLC,
a Delaware limited liability company (“GSRP” and together with OpCo and GSRP Holdings, the “GSRP Parties”), (iv) Goldman Sachs Asset Management, L.P., a Delaware limited partnership (“GSAM”), and
(v) GSAM Holdings II LLC, a Delaware limited liability company (“GSAM Holdings II” and, together with GSAM, the “GSAM Entities”). Each of the foregoing is sometimes referred to herein individually as a
“Party” and collectively as the “Parties.” 
 WHEREAS, GSRP Holdings has been formed for the
purpose of effecting an IPO (as defined herein); 
 WHEREAS, GSRP is the managing member and only voting equity holder in OpCo; 

WHEREAS, GSAM Holdings II is the Special Interest Member (as such term is defined in the OpCo LLC Agreement) in OpCo; 

WHEREAS, GSAM is responsible for the management of the business of GSRP and its Subsidiaries (the “Business”) pursuant
to, and serves as “Manager” under, that certain Management Services Agreement, dated as of February 9, 2018, by and among GSRP and GSAM (the “Management Agreement”); and 

WHEREAS, the Parties hereto desire to, among other things, (i) internalize certain management services provided directly or
indirectly as of the date of this Agreement by GSAM, (ii) cause the termination of the Management Agreement, and (iii) enter into a transition services agreement pursuant to which GSAM will provide certain administrative services to the
GSRP Parties for a specified period of time (the “TSA”) (collectively with the other actions contemplated by this Agreement, the “Internalization Transactions”). 

NOW, THEREFORE, in consideration of the foregoing and the mutual representations, warranties, covenants and agreements set forth
herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound hereby, the Parties hereto agree as follows: 

ARTICLE I. 
 DEFINED
TERMS 
 Capitalized terms used herein without definition shall have the respective meanings assigned thereto in Exhibit A
attached hereto and incorporated herein for all purposes of this Agreement. 

  
 1 

 ARTICLE II. 

INTERNALIZATION 

Section 2.01 Senior Management Team. In connection with the Closing of the transactions contemplated by this Agreement, GSRP shall
make offers of employment to (a) Jon Yoder (“Yoder”), pursuant to which Yoder shall serve from and after the Closing as President and Chief Executive Officer of GSRP, and (b) David Fernandez (“Fernandez”),
pursuant to which Fernandez shall serve from and after the Closing as Chief Operating Officer of GSRP. 
 Section 2.02 GSAM Subject
Employees. 
  

	(a)	 Prior to the Closing, one (1) or more GSRP Entities shall make offers of employment to certain employees
of GSAM or its Affiliates who are located in the United States or Spain and primarily devote their business time to the Business, each of whom is set forth on Exhibit H hereto, which Exhibit H shall be promptly updated to reflect any
changes (including with respect to the addition or removal of GSAM Subject Employees) that occur prior to the Closing. The offers of employment applicable to each GSAM Subject Employee shall include compensation terms that are, in the aggregate, not
materially less favorable than the total compensation applicable to each such GSAM Subject Employee immediately prior to the Closing. GSAM will cooperate with and assist in the transition of the GSAM Subject Employees to the GSRP Entities, as
applicable, including by (i) waiving any requirement that GSAM Subject Employees provide a period of notice before the termination of their employment; (ii) waiving the application of any
non-competition, non-disclosure and client non-solicitation covenant with respect to GSAM Subject Employees’ association
with or performance of services on behalf of the GSRP Entities; (iii) waiving the application of any employee non-solicitation covenant with respect to soliciting or hiring GSAM Subject Employees to
associate with or be employed by the GSRP Entities; and (iv) offering to waive any non-competition and client non-solicitation, as well as any employee non-solicitation restrictions with respect to soliciting or hiring GSAM Subject Employees to associate with or perform services on behalf of the GSRP Entities, in conjunction with the offer of accelerated vesting
provided in Section 2.02(b), below. Except as expressly set forth in the preceding sentence, GSAM is not waiving any restrictive covenants binding any GSAM Subject Employee. In no case will GSAM be required to provide any
personnel records to the GSRP Entities relating to the GSAM Subject Employees unless a GSRP Entity is required by applicable Law to maintain a copy of such personnel records with respect to a Transferring Employee, in which case GSAM shall make the
applicable personnel record available to GSRP or its designee. Any employees hired by GSAM or its Affiliates to provide services with respect to the Business at the request of Yoder or Fernandez from the date of this Agreement until Closing will be
deemed to be GSAM Subject Employees for all purposes of this Agreement, and GSRP agrees to reimburse GSAM or its designee for all costs incurred by GSAM or any of its Affiliates in connection with the payment of any relocation or signing bonuses
paid to such employees that have been approved by Yoder or Fernandez in writing prior to the hiring of the applicable individual (including, for the avoidance of doubt, employer-side payroll taxes); provided, that, notwithstanding anything to
the contrary in the Management Agreement, such payment will not be due until the first invoice is due and payable by GSRP under the TSA and such payment shall not be duplicative of any payment due under the Management Agreement.

  

  
 2 

	(b)	 As soon as practicable following the Closing, but in no event later than the earlier of (i) the date
required by Applicable Law and (ii) one month from the Closing Date, GSAM will, or shall cause its applicable Affiliate to, pay or provide to each GSAM Subject Employee the aggregate amount of his or her accrued and unpaid base salary or wages,
accrued and unused vacation to the extent payable under GSAM’s vacation policies, and approved and unpaid business expenses, in each case as of immediately prior to the Closing. Pursuant to agreements that will be furnished by GSAM to GSRP
prior to the Closing in form and substance reasonably satisfactory to GSRP, GSAM will, or will cause its applicable Affiliate to, offer accelerated vesting of Unvested RSUs to each GSAM Subject Employee who holds Unvested RSUs, as that term is
defined in their applicable year-end equity award agreement(s), in accordance with and subject to the conditions of the applicable year-end equity award agreement(s) and
The Goldman Sachs Amended and Restated Stock Incentive Plan, as amended from time to time (the “SIP”); provided that any GSAM Subject Employee who is no longer employed by GSRP at the
one-year anniversary of the Closing will forfeit any RSUs that are vested on an accelerated basis pursuant to this sentence. For the avoidance of doubt, the Goldman RSUs will remain subject to the delivery
schedule, forfeiture risk, and transfer restrictions applicable to RSUs in the applicable year-end equity award agreement(s) and the SIP, except to the extent those provisions are waived in accordance with
Section 2.02(a). With respect to each GSAM Subject Employee, GSAM will, or will cause its applicable Affiliate to, contribute to the applicable 401(k) plan such GSAM Subject Employee’s accrued and unpaid 401(k) match
amount in accordance with the terms of the applicable plan as such terms apply to other participants in such plan, including such terms governing the timing of such contribution. GSAM shall remain responsible for paying and satisfying, and shall
protect, defend, indemnify and hold harmless the GSRP Entities from, all Liabilities related to or arising from the employment or service of each GSAM Subject Employee with GSAM (or the applicable GSAM Affiliate that employed such person prior to
the Closing), to the extent that such Liabilities relate to or arise from the period prior to the Closing. From and after the Closing, the GSRP Entities will be responsible for paying and satisfying and shall protect, defend, indemnify and hold
harmless the GSAM Entities from all Liabilities related to or arising from the employment or service of each of the GSAM Subject Employees who accepts a GSRP Entity’s offer of employment and commences service with GSRP (each, a
“Transferring Employee”), to the extent that such Liabilities relate to or arise from such Transferring Employee’s employment with a GSRP Entity. Each Transferring Employee shall be deemed to have resigned his or her employment
with GSAM or its applicable Affiliate in order to assume employment with the applicable GSRP Entity. 

  

	(c)	 GSRP will, and will cause its Affiliates to, use reasonable best efforts to treat all service of the
Transferring Employees with GSAM and any of their predecessors attributable to any period prior to such employment transfer as service rendered to GSRP and its Affiliates, in addition to service earned with GSRP and its Affiliates after the Closing,
for purposes of eligibility and vesting under each applicable employee benefit plan, practice, program, agreement or arrangement maintained by GSRP and its Affiliates in which Transferring

  
 3 

	 	
Employees are eligible to participate following such employment transfer (“GSRP Benefit Plans”). GSRP will, or will cause its Affiliates to, use reasonable best efforts to waive
all pre-existing condition exclusions, evidence of insurability requirements, actively at work requirements, or waiting periods for participation and coverage applicable under GSRP Benefit Plans providing
health benefits with respect to Transferring Employees and their eligible dependents to the extent that such exclusion, evidence of insurability requirement, actively at work requirement, or waiting period would not have applied to such Transferring
Employee under the terms of the comparable GSAM benefit plans. GSRP will, or will cause its Affiliates to, use reasonable best efforts to credit Transferring Employees with any amounts paid under a GSAM Benefit Plan providing health benefits prior
to the date of employment transfer and during the plan year that includes the date of employment transfer for purposes of satisfying any applicable deductible, coinsurance or
out-of-pocket requirements for the plan year that includes the date of employment transfer as if such amounts had been paid under a corresponding GSRP Benefit Plan
providing health benefits. Notwithstanding the above, no such service will be recognized or credit given to a Transferring Employee to the extent that such recognition or credit would result in the duplication of benefits to such Transferring
Employee. 

  

	(d)	 Nothing contained in this Section 2.02 will (i) be treated as the establishment,
an amendment or other modification of any benefit plan, or require the establishment, amendment or modification of any such plan, (ii) require GSRP, GSAM, any Affiliate of either of them, or any successor thereto to continue to employ or engage
the services of any individual or maintain any benefit plan after the Closing Date, or (iii) create any rights or obligations except between the Parties hereto, or give any third party (including any GSAM Subject Employee) any right to enforce
the provisions of this Section 2.02. 

 Section 2.03 Termination of Management
Agreement. At the Closing, and without any further action required by any party thereto, the Management Agreement shall terminate. Termination of the Management Agreement shall be deemed a termination pursuant to Section 10.1 of the
Management Agreement and shall have the effects specified in the Management Agreement, including the survival of any rights or obligations that accrued prior to the termination and as provided in Section 6.4, Article VII, Article IX, Article X,
and Article XI of the Management Agreement. 
 Section 2.04 Internalization Payment. At the Closing, OpCo shall pay to
GSAM Holdings II a cash payment equal to thirty million dollars (US$30,000,000); provided, that such amount shall be reduced by the sum of the aggregate amount of any cash signing bonuses
paid to GSAM Subject Employees who become employees of a GSRP Entity, which shall not exceed three million dollars (US$3,000,000) in the aggregate. Prior to the Closing, GSRP shall provide to GSAM Holdings II documentation evidencing all cash
signing bonuses described in the proviso in the preceding sentence. If the transactions contemplated by the QBI Agreement are consummated, four million dollars (US$4,000,000) of the cash payment pursuant to this
Section 2.04 shall be credited against, and shall reduce, the purchase price payable under the QBI Agreement. 

  
 4 

 Section 2.05 Limited Liability Company Agreement Amendments. Concurrently with
the Closing, (a) the GSRP LLC Agreement shall be amended and restated to read as set forth in Exhibit B hereto, and (b) the OpCo LLC Agreement shall be amended and restated to read as set forth in Exhibit C hereto (the
“Amended OpCo LLC Agreement”). 
 Section 2.06 Transition Services. From and after the Closing, except as
contemplated herein and in the TSA to be entered into by GSRP, OpCo, GSRP Holdings and GSAM at the Closing in the form attached as Exhibit D hereto, the GSRP Parties shall be responsible for performing all management functions necessary or
appropriate for the operation of the Business. 
 Section 2.07 Boca Raton Lease. 

 

	(a)	 GSAM agrees that, on or prior to the Closing, The Goldman Sachs Group, Inc., an Affiliate of GSAM and tenant
under the Lease (the “Tenant”), shall be obligated to assign to GSRP (which is acquiring all or substantially all of the business conducted at the Premises), and GSRP shall be obligated to assume, that certain lease agreement (the
“Lease”) for the office premises located in Boca Raton, Florida (the “Leased Premises”), pursuant to the form of Lease Assignment attached as Exhibit E hereto (the “Lease Assignment”), and
the Parties agree to enter into any documentation, and GSAM shall cause The Goldman Sachs Group, Inc. to enter into any documentation, on or prior to the Closing, that may be required by the landlord under the Lease (the “Landlord”)
to effect the Lease Assignment. GSAM and GSRP hereby agree that GSAM shall receive a payment for any rent and other sums paid by The Goldman Sachs Group, Inc. to Landlord pursuant to the terms of the Lease before the Closing Date that apply to any
period after the Closing Date. 

  

	(b)	 GSAM shall remain responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless
GSRP from, all Liabilities (including rent) related to or arising from the Lease, to the extent such Liabilities relate to or arise from the period prior to the effective date of the Lease Assignment, which shall be the Closing Date. From and after
the Closing Date, GSRP will be responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities related to or arising from the Lease, to the extent such Liabilities relate to or arise from the
period after the Closing Date. 

 Section 2.08 Board Composition. From the Closing Date and until the
consummation of an IPO or Sale, (i) the GSRP Board shall consist of not less than five (5) and not more than nine (9) directors, and (ii) GSAM shall have the right to designate one (1) director (the “GSAM
Director”) of GSRP who shall be appointed to the GSRP Board as of the Closing Date. Prior to an IPO, all material approvals of the board of directors of GSRP Holdings will also be subject to approval of the GSRP Board. Following an IPO, for
so long as the GSAM Entities and their Affiliates, collectively, have an ownership interest in GSRP Holdings representing at least five percent (5%) of the outstanding shares of common stock of GSRP Holdings, GSAM shall have the right to
designate one (1) GSAM Director of GSRP Holdings, who shall be appointed to the GSRP Holdings Board as of the closing of the IPO or such earlier date as GSAM shall specify and who shall thereafter be included in the slate of nominees
recommended by the GSRP Holdings Board (or any authorized committee thereof) to GSRP Holdings’ stockholders for election to the GSRP Holdings Board at each meeting of stockholders of GSRP Holdings at which the class of directors

  
 5 

 
that includes the GSAM Director is up for election; provided, however, that the GSAM Director shall not be engaged in any activities that are competitive to the GSRP Entities and
may but need not be an employee of GSAM and the service of such individual on the Board shall not otherwise violate Applicable Law. Subject to Applicable Law and the listing rules of the principal securities exchange on which the shares of common
stock of GSRP Holdings are listed, for as long as GSAM has a right to designate a director pursuant to this Section 2.08 the GSAM Director shall be entitled to be a member of all of the committees of the GSRP Holdings
Board. For as long as GSAM declines to exercise a right it then has to designate the GSAM Director to the GSRP Holdings Board, GSAM shall be entitled to designate a board observer (the “GSAM Observer”) if such individual enters into
a board observer agreement with GSRP Holdings in the form attached as Exhibit F. Notwithstanding the foregoing, the GSRP Holdings Board or any committee thereof may exclude the GSAM Director or the GSAM Observer, as applicable, from the
relevant portion of any meeting to the extent any conflicts of interest exist between any GSAM Entity, the GSAM Director or the GSAM Observer, on the one hand, and the GSRP Entities, on the other. Subject to Applicable Law, at each meeting of
stockholders at which the class of directors that includes the GSAM Director is up for election, GSRP Holdings shall solicit proxies in favor of the election of the GSAM Director in the same manner and to the same extent as other members of the GSRP
Holdings Board. If the GSAM Director resigns or is removed from the GSRP Holdings Board or is unable to serve on the GSRP Holdings Board due to death or disability, and at such time GSAM continues to be entitled to designate the GSAM Director, GSAM
shall have the right to designate a successor who shall be appointed to the GSRP Holdings Board as promptly as practicable following the designation thereof and shall be treated as the GSAM Director for all purposes of this Agreement. 

Section 2.09 Registration Rights Agreement. At the consummation of a Traditional IPO (other than an IPO through a Reverse Merger),
the Parties shall enter into a registration rights agreement in the form attached as Exhibit G hereto; provided, that in the case of a SPAC Transaction the terms of such registration rights agreement may be modified to the extent
reasonably necessary to accommodate the registration rights of other holders. 
 ARTICLE III. 

CLOSING 
 Section 3.01
Closing. Subject to the provisions of this Agreement, the Closing shall take place remotely via the exchange of executed documents and/or closing deliverables on June 30, 2022; provided that if all conditions to the obligations of the
Parties hereto to consummate the transactions contemplated hereby have not been satisfied or waived as of such date, the Closing shall take place on the first Friday following such date on which all conditions to the obligations of the Parties
hereto to consummate the transactions contemplated hereby have been satisfied or waived (other than conditions with respect to actions that any Party will take at the Closing itself, but subject to the satisfaction or waiver of such conditions at
the Closing) (the “Closing Date”). 
 Section 3.02 Closing Deliverables. 

 

	(a)	 At or prior to the Closing, the GSAM Entities shall deliver or cause to be delivered to the GSRP Parties the
following: 

  
 6 

	 	(i)	 the TSA, duly executed by GSAM; 

 

	 	(ii)	 the Lease Assignment, duly executed by The Goldman Sachs Group, Inc.; 

 

	 	(iii)	 written evidence that the Affiliate Agreements (other than those expressly contemplated by this Agreement or as
set forth in Section 6.17 of the GSRP Disclosure Letter) have been terminated in accordance with Section 6.17; 

 

	 	(iv)	 Assigned Contracts Documentation, duly executed by GSAM (or an Affiliate, as applicable); and

  

	 	(v)	 a certificate, dated as of the Closing Date, as to the fulfillment of the conditions in
Section 7.03(a) signed by duly authorized officers of GSAM and GSAM Holdings II, respectively, which certificate shall have the effect of GSAM and GSAM Holdings II making their respective representations and warranties
under this Agreement as of the Closing Date (other than such representations that are made as of a specified date, which shall be remade at the Closing Date as of such specified date). 

 

	(b)	 At or prior to the Closing, the GSRP Parties shall deliver or cause to be delivered to the GSAM Entities the
following: 

  

	 	(i)	 the cash payments and documentation specified in Section 2.04; 

 

	 	(ii)	 copies of the Amended GSRP LLC Agreement and Amended OpCo LLC Agreement as specified in
Section 2.05; 

  

	 	(iii)	 the TSA, duly executed by the GSRP Parties; 

 

	 	(iv)	 the Lease Assignment, duly executed by GSRP; 

 

	 	(v)	 written evidence that Affiliate Contracts (other than those set forth in Section 6.17
of the GSRP Disclosure Letter) have been terminated in accordance with Section 6.17; 

  

	 	(vi)	 Assigned Contracts Documentation, duly executed by GSRP or its designee; and 

 

	 	(vii)	 a certificate, dated as of the Closing Date, as to the fulfillment of the conditions in
Section 7.02(a) signed by duly authorized officers of GSRP, GSRP Holdings and OpCo, respectively which certificate shall have the effect of GSRP, GSRP Holdings and OpCo making their respective representations and warranties
under this Agreement as of the Closing Date (other than such representations that are made as of a specified date, which shall be remade at the Closing Date as of such specified date). 

  
 7 

	(c)	 Each Party shall execute and deliver such additional documents as another Party may reasonably request it to
execute in order to implement or document the Closing or give effect to the Internalization Transactions. 

 ARTICLE IV.

 REPRESENTATIONS AND WARRANTIES OF 

THE GSAM ENTITIES 
 Each GSAM Entity
represents and warrants to the GSRP Parties as of the date hereof and as of the Closing (provided, that any representation or warranty that addresses matters as of a particular date shall be deemed to have been made only as of such date) as
follows: 
 Section 4.01 Organization. Each GSAM Entity (a) is a limited liability company or limited partnership duly
formed, validly existing and (to the extent applicable) in good standing under the laws of the State of Delaware and (b) has the requisite power and authority necessary to carry on its business as it is now being conducted and to own, lease and
operate all of its material properties and assets. 
 Section 4.02 Authority. Each GSAM Entity has all requisite limited
liability company or partnership power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by each GSAM Entity of
this Agreement and the consummation by each GSAM Entity of the transactions contemplated hereby have been duly and validly authorized and approved by all required actions of such GSAM Entity. This Agreement has been duly and validly executed and
delivered by each GSAM Entity and (assuming due authorization, execution and delivery by each other Party hereto other than the GSAM Entities) this Agreement constitutes the legal, valid and binding obligation of each GSAM Entity enforceable against
each GSAM Entity in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, rehabilitation, liquidation, fraudulent conveyance, preferential transfer or similar Applicable Laws now or hereafter in effect
affecting creditors’ rights and remedies generally and except as the availability of equitable remedies may be limited by equitable principles of general applicability (the “Enforceability Exceptions”). 

Section 4.03 No Violations. Neither the execution, delivery or performance of this Agreement, nor the consummation by each GSAM
Entity of the transactions contemplated hereby, will, with or without the giving of notice, the termination of any grace period or both: (a) violate, conflict with, or result in a breach or default under any provision of the Organizational
Documents of such GSAM Entity; (b) violate any Applicable Law; or (c) except for matters contemplated by Section 7.01(d), result in a violation or breach by such GSAM Entity, conflict with or constitute (with or
without due notice or lapse of time or both) a default (or give rise to any right of termination, cancellation, payment or acceleration) under any material Contract to which it is a party or by which it or any of its properties or assets are bound.

 Section 4.04 Consents and Approvals. No GSAM Entity is required to obtain any consent, waiver or approval of, or make any
filing, notification or registration with, any Governmental Authority in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby. 

  
 8 

 Section 4.05 Legal Proceedings; Orders. To the Knowledge of GSAM, there is no
Litigation pending or threatened by or against (a) by any employee of GSAM or its Affiliates and arising out of or relating to the Business or (b) that would reasonably be expected to prevent or materially delay the ability of the GSAM
Entities to perform their respective obligations hereunder. 
 Section 4.06 Management Services Agreement. There is no
Loss or Litigation known to the GSAM Entities as of the date hereof as to which GSAM or any of its Affiliates are entitled to be indemnified in accordance with the indemnification provisions of the Management Agreement in effect immediately
prior to the Closing. 
 Section 4.07 Employment and Labor Matters. All compensation information regarding the GSAM Subject
Employees provided by GSAM in response to requests from GSRP in connection with the transactions contemplated by this Agreement was, to the Knowledge of GSAM, accurate of as of the date provided. GSAM has provided GSRP with compensation information
regarding the GSAM Subject Employees sufficient for GSRP to assess whether its offers of employment to each GSAM Subject Employee includes compensation terms that are, in the aggregate, not materially less favorable than the total compensation
applicable to each such GSAM Subject Employee immediately prior to the Closing, in order to comply with the covenants contained in Section 2.02(a) of this Agreement. 

Section 4.08 Boca Raton Lease. GSAM (on behalf of itself and The Goldman Sachs Group, Inc.) hereby represents and warrants to GSRP
that: (a) the Lease (i) represents the entire agreement between The Goldman Sachs Group, Inc. and Landlord with respect to the Leased Premises, (ii) has not been assigned, subleased, modified, amended or extended other than the First
Amendment, dated September 4, 2019 and Second Amendment, dated January 22, 2021, and (iii) remains in full force and effect; (b) a true, correct and complete copy of the Lease has been made available to GSRP; (c) there is no
pending summary proceedings for the eviction of The Goldman Sachs Group, Inc., as tenant, under the Lease, and there is no pending proceeding or GSAM has no pending written claim against Landlord for offsets against rent payable under the Lease, and
The Goldman Sachs Group, Inc. has not delivered notice to the Landlord disputing the amount of rent due pursuant to the Lease; (d) to the Knowledge of GSAM, there are no uncured defaults or unfulfilled obligations that are past due on the part
of Landlord or The Goldman Sachs Group, Inc. under the Lease and The Goldman Sachs Group, Inc. has not received notice (written or oral) from Landlord claiming that The Goldman Sachs Group, Inc. is in default of any of its obligations under the
Lease; (e) The Goldman Sachs Group, Inc. has not delivered notice of its termination of the Lease (or the surrender of any of the Leased Premises) or of its intention to so terminate the Lease or surrender any portion of the Leased Premises;
(f) the rent commencement date for the Lease occurred on May 1, 2019 and the scheduled expiration date for the Lease is August 31, 2024; (g) the monthly base rent currently due and payable under the Lease is $18,814.79 as of March 31, 2022, the monthly recurring reimbursements billed under the Lease are $10,236.51, and the foregoing has been paid through March 31, 2022; (h) Tenant’s pro rata share
with respect to expense reimbursements under the Lease is 9.18%; and (i) The Goldman Sachs Group, Inc. has not deposited a cash security deposit or letter of credit with Landlord in connection with the Lease. 

  
 9 

 Section 4.09 Investment Intent. Each GSAM Entity that will acquire the stock of
GSRP Holdings in connection with an IPO pursuant to Section 4.4.2 of the Amended OpCo LLC Agreement (the “Special Interest Issuance”) will make such acquisition solely for their own account with the intention of holding such
stock for investment purposes and not with a view to, or for resale in connection with, any public distribution of such securities in violation of any federal or state securities Laws. Each GSAM Entity is an “accredited investor” as
defined in Regulation D promulgated by the Securities and Exchange Commission under applicable Securities Laws. Each GSAM Entity acknowledges that the Pre-IPO Issuance is intended to be exempt from
registration under applicable Securities Laws and may not be resold by such GSAM Entity except pursuant to an effective registration statement under applicable Securities Laws or an exemption from registration thereunder and pursuant to registration
or qualification (or exemption therefrom) under applicable Securities Laws. 
 Section 4.10 Legends. Each GSAM Entity
understands that the shares issued in the Special Interest Issuance will bear the following legend: 
 These securities have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”). These securities may not be sold or offered for sale except pursuant to an effective registration statement under the Securities Act or pursuant to an
exemption from registration thereunder, in each case in accordance with all applicable securities laws of the states or other jurisdictions, and in the case of a transaction exempt from registration, such securities may only be transferred if the
transfer agent for such securities has received documentation satisfactory to it that such transaction does not require registration under the Securities Act. 

Section 4.11 Brokers and Finders. No broker, finder or similar intermediary has acted for or on behalf of, or is entitled to any
broker’s, finder’s or similar fee or other commission from, any GSAM Entity in connection with this Agreement or the transactions contemplated hereby. 

Section 4.12 QBI Contracts. The Professional Services Agreement by and between QBI Solutions, S.L. (“QBI”) and
GSAM Holdings LLC (“GSAM Holdings”), dated as of May 24, 2018, the Software License, Maintenance, and Support Agreement by and between QBI and GSAM Holdings, dated as of May 24, and the Unitholders’ Agreement of QBI
entered into between Mr. Hugo Romero García, Mr. Alejandro Crespo Torres, Mr. Carlos Bendito Prieto, Mr. Eduardo Foz García, Mr. Miguel Ángel Fernández Cortés, GSAM Holdings and QBI on
May 24, 2018, notarized on such same date before the notary public of Madrid, Mr. Antonio Luis Reina Gutiérrez, under number 4,031 of his official records (all three together, the “QBI Contracts”), constitute each
of the Agreements between GSAM Holdings or any GSAM Entity and QBI. True and correct copies of each of the QBI Contracts have been provided to GSRP. 

Section 4.13 No Additional Representations. Notwithstanding anything contained in this Agreement to the contrary, the GSAM
Entities represent, acknowledge and agree that none of the GSRP Parties nor any other Person has made or is making any representations or warranties relating to the GSRP Parties or their respective Subsidiaries whatsoever, express or implied, beyond
those expressly given by the GSRP Parties in Article V and the certificate delivered pursuant to Section 3.02(b)(vi), including any implied representation or warranty as to the accuracy or completeness of any oral or
written information regarding the GSRP Parties furnished or made available to the GSAM Entities, or any of its representatives and that none of the GSAM Entities has relied on any such other representation or warranty not set forth in this
Agreement. 

  
 10 

 ARTICLE V. 

REPRESENTATIONS AND WARRANTIES OF THE GSRP PARTIES 

Except as set forth in a correspondingly labeled section of the GSRP Disclosure Letter, it being agreed that any matter disclosed in any section or subsection
of the GSRP Disclosure Letter shall be deemed disclosed in any other section or subsection to the extent that such information is reasonably apparent on its face to be so applicable to such other section or subsection, each GSRP Party represents and
warrants to the GSAM Entities as of the date hereof and as of the Closing (provided, that any representation or warranty that addresses matters as of a particular date shall be deemed to have been made only as of such date) as follows: 

Section 5.01 Organization. Each GSRP Party (a) is a corporation or limited liability company duly formed, validly existing
and in good standing under the laws of the State of Delaware and (b) has the requisite power and authority to carry on its business as it is now being conducted and to own, lease and operate all of its material properties and assets. 

Section 5.02 Authority. Except for matters contemplated by Section 7.01(c) and
Section 7.01(d), each GSRP Party has all requisite corporate or limited liability company power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions
contemplated hereby. The execution, delivery and performance by each GSRP Party of this Agreement and the consummation by each GSRP Party of the transactions contemplated hereby have been duly and validly authorized and approved by all required
actions on the part of each GSRP Party. Except for matters contemplated by Section 7.01(c) and Section 7.01(d), this Agreement has been duly and validly executed and delivered by each GSRP Party
and (assuming due authorization, execution and delivery by each Party hereto other than the GSRP Parties) this Agreement constitutes the legal, valid and binding obligation of each GSRP Party enforceable against each GSRP Party in accordance with
its terms, subject to the Enforceability Exceptions. 
 Section 5.03 No Violations. Other than as set forth on
Section 5.03 of the GSRP Disclosure Letter, neither the execution, delivery or performance of this Agreement, nor the consummation by each GSRP Party of the transactions contemplated hereby, will, with or without the giving
of notice, the termination of any grace period or both: (a) violate, conflict with, or result in a breach or default under any provision of the Organizational Documents of any GSRP Party; (b) violate any Applicable Law; or (c) except
for matters contemplated by Section 7.01(c) – (e), result in a violation or breach by any GSRP Party of, conflict with or constitute (with or without due notice or lapse of time or both) a default (or give rise
to any right of termination, cancellation, payment or acceleration) under any material Contract to which it is a party or by which it or any of its properties or assets are bound. 

Section 5.04 Consents and Approvals. Except as expressly contemplated in Section 6.16, no GSRP Party is
required to obtain any consent, waiver or approval of, or make any filing, notification or registration with, any Governmental Authority in connection with the execution and delivery of this Agreement or the consummation of the transactions
contemplated hereby. 
 Section 5.05 Capital Structure; Subsidiaries. 

  
 11 

	(a)	 Section 5.05(a) of the GSRP Disclosure Letter sets forth a correct and complete list
as of the date hereof of the aggregate number of issued and outstanding membership interests in each of GSRP and OpCo, the owner of each such interest, the aggregate capital contributions made or deemed to be made to GSRP by such member and the
capital account balance of such member. All of the outstanding membership interests in each of GSRP and OpCo are free and clear of all Liens other than those contained in the Organizational Documents of such Person or pursuant to Securities Laws.

  

	(b)	 Other than tax equity partnerships of the GSRP Entities and the Special Interest Member’s interest in
OpCo, GSRP or a wholly owned Subsidiary thereof owns the entire equity interest in each Subsidiary of GSRP. 

  

	(c)	 Other than as set forth in Section 5.05(c) of the GSRP Disclosure Letter, as
contemplated by the Organizational Documents of the GSRP Entities (including the Amended GSRP LLC Agreement and the Amended OpCo LLC Agreement) or any tax equity partnership of the GSRP Entities, there are no outstanding securities, options,
warrants, calls, or other similar rights, equity commitments, agreements, arrangements or undertakings (“Equity Rights”) (i) obligating any GSRP Entity to issue, deliver, redeem, purchase or sell, or cause to be issued, delivered,
redeemed, purchased or sold, any membership interests or any other equity interests in any GSRP Entity or any instruments or obligations convertible or exchangeable into or exercisable for any membership interests or any other equity interests in
any GSRP Entity, (ii) giving any Person a right to subscribe for or acquire any membership interests or any other equity interests in any GSRP Entity or (iii) obligating any GSRP Entity to issue, grant, adopt or enter into any such Equity
Right. There are no outstanding restricted shares, restricted share units, stock options, stock appreciation rights, performance shares, performance units, deferred stock units, contingent value rights, “phantom” stock or similar rights
issued or granted by any GSRP Entity other than as set forth in Section 5.05(c) of the GSRP Disclosure Letter. 

  

	(d)	 None of the GSRP Entities has any outstanding bonds, debentures, notes or other similar obligations having the
right to vote (or convertible into, or exchangeable or exercisable for, securities having the right to vote) on any matter. Except as set forth in Section 5.05(d) of the GSRP Disclosure Letter or the Organizational
Documents of the GSRP Parties, including the Amended GSRP LLC Agreement and Amended OpCo LLC Agreement, there are no stockholder agreements, voting trusts or other agreements or understandings to which any GSRP Entity is a party with respect to the
holding, voting, registration, redemption, repurchase or disposition, or that restricts the transfer of, any capital stock or other voting securities or equity interests of any GSRP Entity. 

Section 5.06 Financial Statements. 
  

	(a)	 Set forth in Section 5.06 of the GSRP Disclosure Letter are true and correct copies
of the following financial statements of GSRP and its Subsidiaries (collectively, the “Financial Statements”): the audited consolidated balance sheets of GSRP and its Subsidiaries as of December 31, 2021 (the “Latest
Balance Sheet” and such date the “Balance Sheet Date”) and December 31, 2020 and the related audited statements of operations, members’ equity and cash flows for the fiscal years ended December 31, 2021 and
December 31, 2020. 

  
 12 

	(b)	 The Financial Statements (i) have been derived from the books and records of GSRP and prepared in
accordance with GAAP applied on a consistent basis and (ii) fairly present, in all material respects, the financial condition, assets and liabilities of GSRP and its Subsidiaries as of the dates specified and the results of their operations for
the periods ended on those dates. 

 Section 5.07 Undisclosed Liabilities. There are no material Liabilities
of GSRP and its Subsidiaries (whether absolute, accrued, contingent or otherwise, and whether due or to become due) that would be required by GAAP to be reflected on, or reserved against in, a balance sheet of GSRP or in the notes thereto prepared
in accordance with GAAP other than (i) as reflected or reserved against on the Latest Balance Sheet (including all notes thereto), (ii) other than Liabilities of GSRP and its Subsidiaries as were incurred in the ordinary course of business
consistent with past practice since the Balance Sheet Date or (iii) Liabilities incurred under, or specifically referred to in, this Agreement. 

Section 5.08 Absence of Certain Changes. Since the Balance Sheet Date, (a) GSRP and its Subsidiaries have operated in the
ordinary course of business consistent with past practice and (b) there has not occurred any Material Adverse Effect or any development, or combination of developments that has had or would reasonably be expected to have a Material Adverse
Effect. 
 Section 5.09 Legal Proceedings; Orders. Other than as set forth in Section 5.09 of the GSRP
Disclosure Letter or as would not reasonably be expected to exceed $5,000,000 individually or $10,000,000 in the aggregate, (a) there is no Litigation pending or, to the Knowledge of GSRP, threatened against any of the GSRP Entities or arising
out of or relating to the business conducted by the GSRP Entities and (b) there is no Order imposed upon any of the GSRP Entities or any of their properties, assets or business. 

Section 5.10 Compliance with Applicable Laws; Permits. 
  

	(a)	 Since January 1, 2019, the GSRP Entities have at all times been in compliance in all material respects
with each Applicable Law. None of the GSRP Entities has received any written notice (or, to the Knowledge of GSRP, other communication) asserting any violation by the GSRP Entities of any Applicable Law. 

 

	(b)	 The GSRP Entities are in possession of all material Permits required under Applicable Law for the operation of
their respective businesses as currently conducted (“Business Permits”). Each Business Permit is valid and in good standing and is in full force and effect. Since January 1, 2019, the GSRP Entities have been in compliance in
all material respects with the terms and requirements of each Business Permit. There are no proceedings pending or, to the Knowledge of GSRP, threatened, regarding (i) any actual or alleged violation of or failure to comply with any term or
requirement of any Business Permit or (ii) any actual or potential withdrawal, suspension, cancellation, termination, modification or revocation of any Business Permit. 

  
 13 

	(c)	 The operations of GSRP and its Subsidiaries are being conducted in compliance in all material respects with
applicable financial recordkeeping, reporting and other requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the United and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, any applicable order or regulation issued by the Office of Foreign Assets Control of the U.S. Department of the Treasury, and all other applicable anti-money laundering or anti-terrorist-financing statutes, rules or
regulations of any jurisdictions, and no action or proceeding by or before any Governmental Authority alleging violations of anti-money laundering statutes or anti-terrorist financing statutes by GSRP or any of its Subsidiaries is pending or, to the
Knowledge of GSRP, threatened. None of GSRP or any of its Subsidiaries, nor, to the Knowledge of GSRP, any of their respective directors, officers, agents, employees or any other Persons acting on behalf of GSRP or any of its Subsidiaries has
(i) violated the U.S. Foreign Corrupt Practices Act of 1977 or any similar foreign or state legal requirement, (ii) paid, accepted or received any unlawful contributions, payments, expenditures or gifts, or (iii) violated, or operated
in a manner that does not comply with, any export restrictions, anti-terrorism law or regulation, anti-boycott regulations or embargo regulations. 

Section 5.11 Registration Statement. The Registration Statement, at the time it becomes effective under the Securities Act, will
comply as to form in all material respects with the applicable requirements of the Securities Act and will not include any misstatement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading. Notwithstanding the foregoing, the representations and warranties set forth in this Section 5.11 do not apply to statements or omissions in the Registration
Statement made in reliance upon and in conformity with information furnished by the GSAM Entities. 
 Section 5.12 Brokers and
Finders. No broker, finder or similar intermediary has acted for or on behalf of, or is entitled to any broker’s, finder’s or similar fee or other commission from, any GSRP Party in connection with this Agreement or the transactions
contemplated hereby. 
 Section 5.13 No Additional Representations. Notwithstanding anything contained in this Agreement to the
contrary, the GSRP Parties represent, acknowledge and agree that none of the GSAM Entities nor any other Person has made or is making any representations or warranties relating to the GSAM Entities or their respective Subsidiaries whatsoever,
express or implied, beyond those expressly given by the GSAM Entities in Article IV and the certificate delivered pursuant to Section 3.02(a)(vi), including any implied representation or warranty as to the accuracy or
completeness of any oral or written information regarding the GSAM Entities furnished or made available to the GSRP Parties, or any of its representatives and that none of the GSRP Parties has relied on any such other representation or warranty not
set forth in this Agreement. 
 ARTICLE VI. 

COVENANTS 

Section 6.01 Conduct of GSRP Parties. Except as expressly contemplated by any other provision of this Agreement or as required by
Applicable Law, until the earliest to occur of (x) the consummation of an IPO or a Sale, (y) GSAM or its Controlled Affiliate ceasing to be the Special Interest Member and (z) the termination of this Agreement pursuant to its terms,
none of the GSRP Entities shall directly or indirectly do or permit any of the following actions with respect to any of the GSRP Entities or any of their respective businesses without the prior written consent of GSAM (which consent shall not be
unreasonably withheld, conditioned or delayed; it being understood that it will not be unreasonable for GSAM to act in its own interest in connection with withholding, conditioning or delaying any such consent), for so long as GSAM Holdings II is
the Special Interest Member: 

  
 14 

	(a)	 (i) amend the Organizational Documents of any GSRP Party (other than GSRP Holdings) if such amendment would
have a material and disproportionate adverse effect on any GSAM Party, (ii) amend the Organizational Documents of GSRP Holdings if such amendment would be inconsistent with the rights of the GSAM Entities under any of the Transaction Documents,
or (iii) commence any voluntary liquidation, dissolution or winding up of any GSRP Party; 

  

	(b)	 call capital from members of GSRP other than (i) to fund any capital commitment of the GSRP Entities
existing as of the Closing and listed in Section 6.01(b) of the GSRP Disclosure Letter (the “Existing Commitments”) and (ii) to fund new commitments entered into by the GSRP Entities in the ordinary
course of business for valid business purposes; provided, however, in the case of clause (ii) such capital calls do not result in a Leverage Ratio of less than six (6) to one (1); provided, further, that prior
to any capital call the GSRP Parties shall provide GSAM with notice of the amount and use of proceeds for each capital call evidencing compliance with the preceding clauses (i) and (ii); 

 

	(c)	 effect any initial public offering of equity securities of a GSRP Entity (other than an IPO);

  

	(d)	 incur or repay any Indebtedness other than (i) regularly scheduled recurring repayments, payments that
otherwise become due, or as otherwise listed in Section 6.01(d) of the GSRP Disclosure Letter; (ii) any refinancing of existing Indebtedness; or (iii) otherwise in good faith in the ordinary course of business for
valid business purposes; provided, that in the case of (x) incurrences under clause (iii), such incurrences do not result in a Leverage Ratio of more than ten (10) to one (1) and (y) repayments under clause (iii),
such repayments do not result in a Leverage Ratio of less than six (6) to one (1); 

  

	(e)	 a Sale with an Equity Valuation of less than the greater of (x) a 1.75x multiple of the aggregate amount
of Contributed Capital as of closing of such Sale and (y) the amount required to result in the Special Interest Member receiving not less than one hundred percent (100%) of the catch-up distributions
specified in Section 4.4.2(c) of the Amended OpCo LLC Agreement; 

  

	(f)	 authorize any new classes of equity or issue additional equity securities other than (i) as expressly
permitted by Section 6.01(b), (ii) to Persons that are GSRP Restricted Parties, pursuant to a Sale that is expressly permitted by Section 6.01(e) or an IPO, (iii) the adoption of an equity
compensation plan by GSRP or one of the GSRP Entities and the grant, vesting and settlement of equity or equity-based awards thereunder to employees, directors or contractors of the GSRP Entities, or (iv) in connection with tax equity
partnerships or other ordinary course financings at a Subsidiary of OpCo, in each case in good faith in the ordinary course of business for valid business purposes; 

  
 15 

	(g)	 except as expressly permitted by Section 6.01(e), in conveyances to counterparties in
connection with tax equity transactions, pursuant to any restructuring transactions with one or more GSRP Restricted Parties in connection with an IPO or as required by the terms of the Organizational Documents of the GSRP Parties, sell, transfer or
dispose of any assets of the GSRP Entities in excess of twenty-five million dollars ($25,000,000) per individual asset sale and one hundred million dollars ($100,000,000) in the aggregate, excluding sales of renewable energy credits in the ordinary
course of business or sales of assets pursuant to the exercise of contractual buy-out rights by counterparties to power purchase agreements; 

 

	(h)	 declare or make any dividend, distribution or other return of capital other than consistent with past practice,
pursuant to tax equity partnerships, as required by the Organizational Documents of a Person or by or to wholly-owned Subsidiaries; 

  

	(i)	 make or become legally committed to make any capital expenditures, except for any capital expenditures,
(i) not exceeding $10,000,000 in the aggregate, (ii) pursuant to projects for which work has already been commenced or committed, (iii) as otherwise contemplated in the capital expenditure budget as set forth in
Section 6.01(i) of the GSRP Disclosure Letter or (iv) after December 31, 2022; 

  

	(j)	 (i) make, revoke or change any election relating to the U.S. federal income Tax classification of GSRP or OpCo,
or (ii) settle or compromise any material Tax audit applicable to it or surrender any right to claim a material Tax refund; 

  

	(k)	 acquire any business or assets except (i) those set forth in Section 6.01(k) of
the GSRP Disclosure Letter, (ii) acquisitions in the ordinary course of business not exceeding $150,000,000 million in the aggregate or (iii) acquisitions where the definitive agreement documenting such acquisition is executed after
December 31, 2022; 

  

	(l)	 enter into any new line of business that is outside of the sectors listed on
Section 6.01(l) of the GSRP Disclosure Letter (“Permitted Business Sectors”); provided, that, subject to the other limitations set forth in this Section 6.01, GSRP may make
investments that are not within the Permitted Business Sectors so long as such investments do not exceed twenty percent (20%) of the GSRP Entities’ gross asset value; 

 

	(m)	 enter into, amend or modify any Contract in a manner that imposes or seeks to impose any obligation or
restriction on GSAM or any of its Affiliates (other than the GSRP Entities); 

  

	(n)	 settle any Litigation for (i) monetary relief involving amounts in excess of $20,000,000 or (ii) non-monetary relief if such settlement would reasonably be expected to have a material impact on the GSAM Entities or the GSAM Entities’ ownership in the GSRP Parties; or 

 

	(o)	 agree, whether in writing or otherwise, to do any of the foregoing. 

Section 6.02 Conduct of GSAM Entities. 

  
 16 

	(a)	 Until the earlier of Closing and the termination of this Agreement pursuant to its terms, GSAM, in its own
capacity and in its capacity as Manager of GSRP, shall use reasonable best efforts to: 

  

	 	(i)	 assist GSRP with obtaining or otherwise arranging for a lease of office space for New York City-based
personnel; and 

  

	 	(ii)	 assist GSRP with obtaining or otherwise arranging for independent (A) human resources, payroll, equity
plan, and benefits administration infrastructure and support and (B) health and welfare programs and insurance for all GSAM Subject Employees, in each case, in place and effective no later than the Closing. 

 

	(b)	 Except as expressly contemplated by any other provision of this Agreement or as required by Applicable Law,
until the earlier of Closing and the termination of this Agreement pursuant to its terms, GSAM shall not, directly or indirectly, do any of the following without the prior written consent of GSRP (which consent shall not be unreasonably withheld
conditioned or delayed; it being understood that it will not be unreasonable for GSRP to act in its own interest in connection with withholding, conditioning or delaying any such consent): 

 

	 	(i)	 (A) (i) make any material change to the base salary of any GSAM Subject Employee; provided that GSAM shall
promptly notify GSRP of any such change or (ii) make any material change to the incentive opportunities or make any material change to the benefits available to any GSAM Subject Employee, except for any action described in (ii) that is
made with respect to all of GSAM’s or its Affiliates’ similarly situated employees, (B) consent to or become obligated under any collective bargaining agreement or other Contract with a labor union or representative of any GSAM
Subject Employees, or (C) transfer or terminate (other than for cause, consistent with past practice) the employment of any GSAM Subject Employee or hire any individual who would be a GSAM Subject Employee; or 

 

	 	(ii)	 (A) assign any rights under the Lease or sublet the Leased Premises, in whole or in part, (B) make any
alterations or installations in the Leased Premises, (C) enter into, or agree to, any waiver or forbearance under, or any amendment, modification, abridgement, cancellation or surrender of, the Lease, (D) materially violate or fail to
perform the terms, covenants, obligations and conditions of the Lease, or (E) do or suffer, or cause to be done or suffered, or to commit or to permit any act or omission that causes a default by an Affiliate of GSAM under the Lease;
provided, that GSAM shall be permitted to operate the Leased Premises in any manner consistent with past practice or as required to comply with GSAM’s obligations under the Lease. 

Section 6.03 Restrictive Covenants. 

  
 17 

	(a)	 From the date of this Agreement until the second (2nd)
anniversary of the Closing (the “Restricted Period”), the GSRP Parties shall not, and shall cause their respective Controlled Affiliates not to, directly or indirectly, solicit (or encourage any other Person to solicit) the
employment or engagement of services of, employ or engage as an independent contractor or consultant, any person who is or was employed as an employee of a GSAM Entity or any of their respective Controlled Affiliates at any time during the
Restricted Period; provided, that the restrictions in this sentence shall not apply to solicitation or employment of the GSAM Subject Employees as set forth in Section 2.02 or the receipt of services under the TSA.
In addition, for a period of two (2) years commencing from and after the Closing, the GSAM Entities shall not, and shall cause their Controlled Affiliates not to, directly or indirectly, solicit (or encourage any other Person to solicit) the
employment or engagement of services of, employ or engage as an independent contractor or consultant, any person who is or was employed as an employee of a GSRP Entity at any time during the Restricted Period. Notwithstanding anything in this
Section 6.03(a) to the contrary, the GSAM Entities, the GSRP Entities and their respective Controlled Affiliates shall not be prohibited from directly or indirectly making general advertisements (including online or in
print media) not targeting specific employees (or groups of employees) of the other; provided, that such Person shall not be permitted to hire any such employees who either respond to such advertisements or who otherwise initiate discussions
regarding employment or engagement. 

  

	(b)	 From and after the Closing until the earliest of (i) the sixth year anniversary of the consummation of an
IPO or Sale, (ii) the consummation of a Liquidation and (iii) (1) in respect of any Non-Compete Change of Control that is consummated after completion of the IPO and prior to the second anniversary
of the completion of the IPO, the second anniversary of such IPO, and (2) in respect of any Non-Compete Change of Control that is consummated on or after the second anniversary of completion of the IPO,
upon consummation of such Non-Compete Change of Control (the “Non-Compete Period”), the GSRP Parties (which for purposes of this clause (b) shall
include, without limitation, any Person formed by or on behalf of the GSRP Parties for the purpose of holding all or substantially all of the assets of the GSRP Parties or for the purpose of spinning off any business of the GSRP Parties to the
equity holders of the GSRP Parties) shall not, and shall cause their respective present and future Affiliates that the GSRP Parties Control directly or indirectly (“Controlled Affiliates”) (the GSRP Parties and their Controlled
Affiliates collectively, the “GSRP Restricted Parties”) not to (A) engage in Investment Management Activities, whether as a manager, member of an investment committee, adviser, subadviser or otherwise, (B) own any interest
(other than, with respect to publicly-listed companies, a less than 5% equity interest) in any Person engaged in Investment Management Activities (in each case, other than with respect to ownership of interests where GSRP Restricted Parties or any
employees or personnel thereof do not participate in the management of such Person’s business), or (C) receive or have a contractual right to receive any Compensation relating to Investment Management Activities of any Restricted Third
Parties, if any GSRP Restricted Person or any employees or personnel thereof participate in the management of the business of any such Person. “Investment Management Activities” shall mean: (w) providing or agreeing to provide
recommendations or make decisions with respect to the purchase or sale of assets of any type for a Restricted Third Party in exchange for Compensation; (x) (i) meeting the definition of an investment company under the

  
 18 

	 	
Investment Company Act of 1940, as currently in effect, (ii) meeting the condition in clause (x) (i) but for the exceptions in Section 3(c)(1) or Section 3(c)(7) under the
Investment Company Act of 1940, as currently in effect, or (iii) (A) being required to register as, or (B) meeting the definition of (even if exempt from registration), an investment adviser under the Investment Advisers Act of 1940, as
currently in effect; (y) serving as a fiduciary for Compensation of any blind pool investment vehicle or any investment fund; or (z) providing capital raising services to Restricted Third Parties in exchange for Compensation.
“Compensation” includes, without limitation, cash compensation, non-cash compensation, including, without limitation through fee-breaks, rebates or
discounts, and compensation through equity such as carried interest, incentive allocation, preferred equity or other forms of securities, or revenue sharing arrangements, in each case, from any Restricted Third Party; provided that
(i) recommendations or decisions in connection with purchases and sales of any Subject Project shall not be considered Investment Management Activities, (ii) the following shall not be considered Compensation: (a) compensation for, or
in connection with, development, operation and maintenance or project management that is consistent with applicable market terms for such services; and (b) retained equity,
non-pro-rata equity interests, and non-pro-rata revenue splits in connection with any
Subject Project, and (iii) nothing in this Section 6.03(b) shall restrict the GSRP Restricted Parties from (1) issuing tax equity or engaging in tax equity transactions to finance its operations or
(2) entering into joint ventures or similar arrangements with an operating company that has a bona fide business in the renewables energy sector, incorporates or seeks to incorporate renewable energy into its operating business or provides
services or equipment to the renewable energy sector for the purpose of pursuing the acquisition, development or operation of renewable energy projects. A “Restricted Third Party” means any Person other than the GSRP Parties and any
direct or indirect wholly-owned subsidiary of the GSRP Parties; provided that the determination of whether a direct or indirect subsidiary of the GSRP Parties is considered to be wholly-owned will be made without regard to any outstanding tax
equity interests and interests in OpCo held by the Special Interest Member. A “Subject Project” shall mean any asset or series of related assets that make up a project in which one or more GSRP Restricted Parties, on the one hand,
and one or more Restricted Third Parties, on the other hand, hold an interest, directly or indirectly, (including through joint equity ownership, profits interests or revenue shares); provided that the project was specifically known or
described to the applicable Restricted Third Parties at the time they committed to invest in the project. Notwithstanding the foregoing, nothing in this Section 6.03(b) shall prohibit the GSRP Restricted Parties from
acquiring, through a merger, equity purchase, asset purchase, business combination or similar transaction, a Person that will be engaged in Investment Management Activities if revenues from such Investment Management Activities constituted less than
20% of such acquired Person’s revenues for its most recently completed fiscal year and such Investment Management Activities business is sold, transferred or disposed of to a third party within 9 months of when a GSRP Restricted Party
consummated the acquisition of such business. During the Non-Compete Period, the GSRP Parties agree that, as a condition of current and future employment by the GSRP Restricted Parties or its Affiliates, the
persons listed in Section 6.03(b) of the GSRP Disclosure Letter shall agree in writing with the applicable GSRP Entity to comply with the terms of this clause (b) as if they were GSRP Restricted Parties and not to
serve as an officer, director, employee or consultant of any Person 

  
 19 

	 	
engaged in Investment Management Activities (collectively, “Senior Employee Restrictions”) while such individuals are employed by a GSRP Restricted Party or any of its
Affiliates. During the Non-Compete Period, the GSRP Parties also agree that the standard employee policies applicable to all of the employees of the GSRP Restricted Parties will prohibit such employees from
engaging in any Senior Employee Restrictions. The GSRP Restricted Parties shall not permit any waivers to the restrictions in the agreements and policies referred to in the two immediately preceding sentences without the prior written consent of
GSAM, and shall use reasonable best efforts to remedy any breach by any of the persons listed in Section 6.03(b) of the GSRP Disclosure Letter of which the GSRP Parties become aware. The GSRP Restricted Parties shall not be
liable for any breach of the agreements or policies referred to in the first two sentences of this paragraph; provided that the GSRP Restricted Parties shall be liable for any breach (i) arising from actions taken on behalf of, for the
benefit of, or at the direction of, the GSRP Parties and (ii) by any of the persons listed in Section 6.03(b) of the GSRP Disclosure Letter occurring after the time which the GSRP Parties become aware of such breach
and do not take prompt action to either (x) remedy the breach or (y) cause the termination by the applicable GSRP Party or its Affiliate of its employment of such person after providing such person a reasonable opportunity to cure such
breach. The GSRP parties shall provide notice to GSAM of any breach or potential breach under this paragraph promptly after becoming aware thereof. 

  

	(c)	 From and after the Closing, except as required by Applicable Law or any demand under lawful process as
requested by any Governmental Authority or as consented to in writing by GSAM (which consent shall not be unreasonably withheld, conditioned or delayed), the GSRP Parties shall, and shall cause their respective Controlled Affiliates to,
(i) keep confidential, and not release or disclose for any purpose, information of or relating to any client of the Private Wealth Management business of the GSAM Entities and their respective Subsidiaries (“PWM Clients”) that
is or may become in the possession of the GSRP Restricted Parties prior to the Closing, including without limitation personally identifiable information (e.g., name, address, account number) and (ii) not use, directly or indirectly, such
information for any reasons other than as expressly permitted in Section 6.03(d). 

  

	(d)	 Notwithstanding Section 6.03(c), from and after the Closing, the GSRP Parties shall
be permitted to use PWM Client information to: (i) provide written reports or other written communications to be disseminated by GSRP or GSRP Holdings to its equityholders (x) as required by the Organizational Documents of the GSRP
Parties, including for any vote or consent required of their respective equityholders, (y) consistent with past practice or (z) as reasonably necessary in connection with any IPO, Sale or other extraordinary transaction; (ii) make
distributions to its equityholders; (iii) issue capital calls to its equityholders; (iv) deliver copies of Schedule K-1s, Form 1099s, other Tax-related
documents, and any other documentation delivered by the GSRP Parties in the ordinary course to any GSRP or GSRP Holdings equityholders who are PWM Clients; and (v) following any IPO or Sale where part of the consideration involves securities
listed on a National Securities Exchange, use PWM Client information to mail proxy statements, run broker searches and make other ordinary course communications with stockholders of a publicly traded company; provided, however, that,
prior to any IPO or Sale, the GSRP 

  
 20 

	 	
Parties shall provide GSAM or a GSAM designated Affiliate the contents of any material communications described in (i)–(ii) of this subsection at least ten (10) days prior to such
information being delivered to a PWM Client (except in the case of financial statements, which shall be distributed to GSAM or its designated Affiliate no later than five (5) Business Days prior to the date GSAM is required to furnish such
information to any PWM Client) and GSAM or a GSAM-designated Affiliate shall provide such communication directly to PWM Clients. The GSRP Parties shall provide the information necessary for GSAM or a GSAM-designated Affiliate to provide such
communications to PWM Clients, and shall provide reasonably assistance to GSAM or a GSAM-designated Affiliate in connection with providing such communications to PWM Clients. Except as contemplated by this Section 6.03(d),
GSAM shall, and shall cause any Affiliates it designates pursuant to this Section 6.03(d) to, keep confidential any information delivered to it by the GSRP Parties and not use such information except as required by
Applicable Law or any demand under lawful process as requested by any Governmental Authority or as consented to in writing by a GSRP Party. 

  

	(e)	 Notwithstanding anything in the foregoing to the contrary, from the Closing Date and until the earliest to
occur of the consummation of an IPO, a Sale or the termination of this Agreement pursuant to its terms, no materials to be sent to PWM Clients by any GSRP Entity may relate to the raising of new capital for any purpose or otherwise violate
subsection (b) of this Section 6.03, other than capital calls permitted in Section 6.01(b). 

  

	(f)	 Except as required by Applicable Law, until the earliest to occur of (i) eighteen (18) months following
the Closing Date, (ii) the consummation of an IPO or Sale, or (iii) the termination of this Agreement pursuant to Section 8.01, GSRP agrees that (x) GSRP shall reasonably consult with GSAM and provide GSAM
with a reasonable opportunity to review any registration statement filed by any of the GSRP Entities with the United States Securities and Exchange Commission, or any amendment thereto, and (y) GSRP will not include in any external investor or
prospective investor or public communications, including without limitation any registration statement or any amendment thereto, road show materials, investor materials or similar documents or materials relating to the IPO, (i) any discussion
of or reference to a standalone battery power business or activities relating to standalone battery power, or (ii) or any other information or statements relating to standalone battery power that are not included in or are inconsistent with
information or statements relating to standalone battery power that have been approved by GSAM for inclusion in a registration statement filed by a GSRP Entity, in each case without the prior written consent of GSAM, which may be withheld,
conditioned or delayed as determined by GSAM acting in its own interest. 

  

	(g)	 Each of the GSRP Parties, on the one hand, and the GSAM Entities, on the other hand, acknowledges and agrees
that the covenants, obligations and agreements contained in this Section 6.03 are an essential premise to the transactions contemplated by this Agreement, that without such covenants, obligations and agreements the Parties
would be unwilling to enter into the transactions contemplated hereby, and that a breach of any of such covenants, obligations or agreements will cause irreparable injury for which adequate remedies are not available at law. Therefore, each of the
Parties agrees that each of the GSRP Parties, on the one hand, and the GSAM Entities, on the other hand, shall be entitled to an 

  
 21 

	 	
injunction, restraining order or such other equitable relief (without the requirement to post bond) to restrain the other Parties from committing any violation of such covenants, obligations or
agreements. These injunctive remedies are cumulative and in addition to any other rights and remedies that the Parties may have. Each of the Parties agrees that the covenants contained in this Section 6.03 are reasonable
covenants under the circumstances, and further agrees that if, in the opinion of any court of competent jurisdiction, such covenants are not reasonable in any respect, such court shall have the right, power and authority to excise or modify such
provision or provisions of these covenants as to the court shall appear not reasonable and to enforce the remainder of these covenants as so amended. In the event that any one or more of the provisions of this Section 6.03
shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected thereby. 

Section 6.04 Investment Banking Services. For a period of three (3) years commencing from the Closing (unless a Sale occurs,
in which event the rights of GSAM under this Section 6.04 shall terminate upon the consummation of such Sale), if any GSRP Entity seeks any financial advisory or investment banking services and (a) such GSRP Entity
determines that an Affiliate of GSAM is an appropriate and qualified provider of such services and (b) GSAM (or any of its Affiliates) offers such services at a rate and on terms that the GSRP Board determines are appropriate for such GSRP
Entity, then an Affiliate of GSAM shall have the right to be engaged to provide such services. For the avoidance of doubt, the GSRP Board may, in its sole discretion, take into account such factors as it deems relevant in connection with determining
whether an Affiliate of GSAM is an appropriate and qualified provider of such services, including banking relationships, consents required, the nature of the engagement, relevant interests in the transaction and potential conflicts of interests. The
Parties acknowledge that an Affiliate of GSAM is providing investment banking services to GSAM in connection with the transactions contemplated by this Agreement, for which such Affiliate will receive fees from GSAM. 

Section 6.05 Access to Information; Financial Statements. 

 

	 	(a)	 Until the earliest to occur of the consummation of an IPO, a Sale and the termination of this Agreement
pursuant to its terms, GSRP shall afford to the officers, employees, accountants, counsel, advisors and other representatives and agents of GSAM (the “GSAM Representatives”) reasonable access (with reasonable prior notice, during
regular business hours and subject to restrictions under Applicable Law) to all premises and books and records with respect to the GSRP Entities as the GSAM Representatives may reasonably request. During such time, GSRP shall also make available to
the GSAM Entities and the GSAM Representatives the appropriate individuals for discussion of its business, properties and personnel as the GSAM Entities and/or the GSAM Representatives may reasonably request. Without limiting the foregoing, GSRP
shall promptly provide (i) all financial and operating data and other information concerning the GSRP Entities as may be reasonably requested in writing by the GSAM Entities or the GSAM Representatives, and (ii) reasonable access for the
GSAM Entities accountants to all work papers relating to the GSRP Entities in connection with any of the foregoing. 

  
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	 	(b)	 From the Closing Date and until the earliest to occur of the consummation of an IPO, a Sale or the termination
of this Agreement pursuant to its terms, GSRP shall, no later than (i) sixty (60) Business Days after the last day of each fiscal quarterly period, furnish to GSAM unaudited quarterly financial statements accompanied by a management report
discussing the financial results and operations of the GSRP Entities during such quarterly period and for the year to date and (ii) not later than ninety (90) days after the end of the fourth fiscal quarter of each fiscal year, furnish to
GSAM audited annual financial statements accompanied by a management report discussing the financial results and operations of the GSRP Entities during such fiscal year. 

Section 6.06 Regulatory Matters; Third Party Consents. 
  

	 	(a)	 The Parties shall, and shall cause their respective Affiliates to, cooperate with each other and use their
reasonable best efforts to as promptly as practicable after the date hereof, prepare and file, or cause to be prepared and filed, all necessary documentation to effect all applications, notices, petitions and filings with, and to obtain as promptly
as practicable after the date hereof all permits, consents, approvals, waivers and authorizations of, all third parties and Governmental Authorities that are necessary or advisable to timely consummate the transactions contemplated hereby, including
those set forth in Sections 7.01(c) - (e) of this Agreement; provided that no Party will be obligated to make any unreasonable payments or offer or grant any unreasonable accommodation in order to obtain the approvals, consents,
waivers or confirmations required by Sections 7.01(c) - (e). All such third party consents, waivers, approvals and notices shall be in writing and in form and substance reasonably satisfactory to the Parties, and executed originals of
such consents, waivers and approvals shall be made available to each Party for inspection promptly after receipt thereof, and copies of such notices shall be made available to each Party promptly after the making thereof. The Parties agree to take
all reasonable steps necessary to satisfy any conditions or requirements imposed by any Governmental Authority in connection with the consummation of the transactions contemplated hereby. The Parties hereto agree that they will keep the other
Parties apprised in a timely manner of the status of matters relating to completion of the transactions contemplated hereby. 

  

	 	(b)	 Each Party shall promptly advise the other Party upon receiving any communication from any Governmental
Authority relating to the transactions contemplated hereby or otherwise materially affecting its ability to timely consummate the transactions contemplated hereby. 

Section 6.07 Further Assurances. Each Party shall, and shall cause its Affiliates to, at the request of any other Party, execute
and deliver to the requesting Party such further customary instruments and take such other actions as may be reasonably necessary or appropriate in order to confirm or carry out the provisions of this Agreement. 

Section 6.08 Notification of Certain Matters. Until the Closing, each Party shall promptly notify the other Party in writing of
the occurrence of any event of which it has knowledge that would reasonably likely result in any of the conditions set forth in Article VII of this Agreement becoming incapable of being satisfied. 

Section 6.09 Public Announcements. On or prior to the Closing, no Party or any of its respective Affiliates will make any press
release, public statement or public announcement with respect to this Agreement or any of the transactions contemplated hereby without the prior written consent of the other Party. 

  
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 Section 6.10 Information Statement. 

 

	 	(a)	 As promptly as reasonably practicable following the date hereof, the Parties shall use reasonable best efforts
to prepare and mail an information statement (“Information Statement”) with respect to the Internalization Transactions for the purpose of seeking Member Approval. Each of the GSRP Parties and GSAM Entities will use reasonable best
efforts to provide the other with all information necessary or advisable to be included in the Information Statement and to cause and make its directors, managers, officers and employees available to the GSRP Parties and GSAM Entities, respectively,
and their respective counsel in connection with the drafting of the Information Statement. The GSRP Parties and GSAM Entities shall consider in good faith the others’ comments or suggested changes to the Information Statement.

  

	 	(b)	 The Parties shall use reasonable best efforts to take all other actions necessary or advisable to obtain Member
Approval as required under the GSRP LLC Agreement and Applicable Law. 

 Section 6.11 Indemnification and
Insurance. 
  

	 	(a)	 For the six (6)-year period commencing at the Closing, the GSRP Parties shall maintain in effect
directors’ and officers’ liability insurance covering acts or omissions occurring at or prior to the Closing with respect to those Persons who are currently (and any additional Persons who prior to the Closing become) covered by the GSAM
Entities’ directors’ and officers’ liability insurance policy related to the Business (“Covered Persons”) on terms and scope with respect to such coverage, and in amount, not less favorable to such individuals than
those of the policy in effect on the date hereof. In no event will the GSRP Parties be required to expend for each covered year an amount in excess of three hundred percent (300%) of the current annual premium for such insurance (the
“Maximum Premium”). If such insurance coverage is terminated, cancelled, cannot be obtained at all, or can only be obtained at an annual premium in excess of the Maximum Premium, the GSRP Parties will maintain such insurance as can
be obtained for the remainder of the six (6)-year period for a premium not in excess of the Maximum Premium. 

  

	 	(b)	 Between signing and the earliest of Closing and termination of this Agreement pursuant to its terms, GSRP shall
use reasonable best efforts to obtain an insurance policy providing directors’ and officers’ liability insurance that has customary terms, including amount of limits, scope of coverage, deductibles or retentions, and other terms and
conditions, for a company of similar size and scope of operations (“New D&O Insurance”). 

  

	 	(c)	 The provisions of this Section 6.11 are (i) intended to be for the benefit of,
and shall be enforceable by, each Covered Person, his or her heirs and his or her representatives and (ii) in addition to, and not in substitution for, any other rights to indemnification or contribution that any such Person may have by
contract or otherwise. The obligations under this Section 6.11 shall not be terminated or modified in such a manner as to adversely affect the rights of any Covered Person to whom this Section 6.11
applies unless (x) such termination or modification is required by Applicable Law or (y) the affected Covered Person shall have consented in writing to such termination or modification (it being expressly agreed that the Covered Persons to
whom this Section 6.11 applies shall be third party beneficiaries of this Section 6.11). 

  
 24 

	 	(d)	 In the event that any of the GSRP Parties or any of their respective successors or assigns
(i) consolidates with or merges into any other Person and is not the continuing or surviving corporation or entity of such consolidation or merger or (ii) transfers or conveys all or substantially all of its properties and assets to any
Person, then, and in each such case, proper provision shall be made so that the successors and assigns of the GSRP Parties or the transferee of such properties and assets shall expressly assume and be responsible for all of the obligations thereof
set forth in this Section 6.11. 

 Section 6.12 Preservation of Books and Records.
For a period of seven (7) years after the Closing or such longer time as may be required by Applicable Law: 
  

	 	(a)	 GSRP shall use reasonable best efforts to retain the books and records of the GSRP Parties relating to periods
prior to the Closing (the “Books and Records”) in a manner consistent with its document retention policy. 

  

	 	(b)	 The GSRP Parties shall and shall cause their Controlled Affiliates to allow any of the GSAM Entities or GSAM
Representatives access to all Books and Records on reasonable notice and at reasonable times at GSRP’s principal place of business or at any location where any Books and Records are stored, and any of the GSAM Entities or GSAM Representatives
shall have the right, at their own expense, to make copies of any Books and Records; provided, that any such access or copying shall be had or done in such a manner so as not to unduly interfere with the normal conduct of the Business of the
GSRP Parties. 

  

	 	(c)	 The GSRP Parties shall and shall cause their Controlled Affiliates to make available to any of the GSAM
Entities or GSAM Representatives upon reasonable notice by such GSAM Entities or GSAM Representatives and at reasonable times and upon written request (i) the GSRP Parties’ personnel to assist such GSAM Entities or GSAM Representatives in
locating and obtaining any Books and Records, and (ii) any of the GSRP Parties’ personnel whose assistance or participation is reasonably required by such GSAM Entities or GSAM Representatives in anticipation of, or preparation for,
existing or future litigation or other matters in which such GSAM Entities are involved, subject to such GSAM Entities reimbursing the GSRP Parties for reasonable
out-of-pocket expenses incurred in performing the covenants contained in this Section 6.12. 

Section 6.13 Registration of Securities. Without the prior written consent of GSAM, the GSRP Entities shall not permit a secondary
sale in the IPO of securities held by any equityholder of the GSRP Parties other than the GSAM Entities and their Affiliates. 

Section 6.14 Production of Witnesses; Cooperation. 

  
 25 

	 	(a)	 Except in the case of a Litigation by one Party (or, if applicable, any of its Subsidiaries) against another
Party (or, if applicable, any of its Subsidiaries) (which shall be governed by such discovery rules as may be applicable thereto), for a period of six (6) years after the Closing Date, in connection with a Litigation, each Party shall use its
reasonable best efforts to make available to the other Party, upon written request, (i) the former, current and future directors, officers, employees, other personnel and agents of it and its Subsidiaries as prospective or actual witnesses
provided that any such Person is within its control or it otherwise has the ability to make such Person available and (ii) any books, records or other documents in its or a Subsidiaries’ possession or control, at the offices of such Party
during normal business hours, in each case to the extent that any such Person (giving consideration to business demands of such directors, officers, employees, other personnel and agents) or books, records or other documents may reasonably be
required (and, in the case of any such Person, for reasonable periods of time) in connection with any Litigation in which the requesting Party may from time to time be involved, regardless of whether such Litigation is a matter with respect to which
indemnification may be sought hereunder. The requesting Party shall bear all out-of-pocket costs and expenses (including allocated costs of in-house counsel and other personnel) in connection therewith. 

  

	 	(b)	 Without limiting the foregoing but subject to the limitations set forth in the first sentence of
Section 6.14(a), the Parties shall cooperate and consult, and, if applicable, cause each of their respective Subsidiaries to cooperate and consult, to the extent reasonably necessary with respect to any Litigation.

  

	 	(c)	 Each of the Parties agrees not to take, or permit any Subsidiary to take, any adverse action against any Person
based on such Person’s provision of assistance or information pursuant to this Section 6.14. 

  

	 	(d)	 In connection with this Section 6.14, the applicable Parties will enter into a
mutually acceptable joint defense agreement so as to maintain to the extent practicable any applicable privilege or other protection or disclosure of any Party or, if applicable, any of its Subsidiaries. 

Section 6.15 Privileged Matters. To allocate the interests of each Party in the information as to which any Party is entitled to
assert any privilege or protection from disclosure under any potentially Applicable Law (“Privileged Information”) in connection with professional services that have been provided prior to the Closing Date for the collective benefit
of each of GSAM and its Subsidiaries and GSRP and its Subsidiaries, whether or not such a privilege or protection exists or the existence of such privilege or protection is in dispute (provided, however, that such assertions of
privilege or protection from disclosure must be made reasonably and in good faith), the Parties hereto agree as follows: 
  

	 	(a)	 GSAM shall be entitled, in perpetuity, to control the assertion or waiver of all privileges or protections from
disclosure in connection with Privileged Information to the extent it arises from the conduct of GSAM in its capacity as Manager of GSRP and, subject to Section 6.15(c), whether or not the Privileged Information is in the
possession of or under the control of GSAM or any of its Subsidiaries or GSRP or any of its Subsidiaries. 

  
 26 

	 	(b)	 Subject to Section 6.15(c), GSRP shall be entitled, in perpetuity, to control the
assertion or waiver of all privileges or protections from disclosure in connection with Privileged Information which relates to the Business (to the extent it does not arise from the conduct of GSAM in its capacity as Manager of GSRP), whether or
not the Privileged Information is in the possession of or under the control of GSAM or any of its Subsidiaries or GSRP or any of its Subsidiaries. 

  

	 	(c)	 Subject to the restrictions in this Section 6.15, GSAM and GSRP agree that they shall
have equal right to assert all privileges or protections from disclosure (“Shared Privileges”) not allocated pursuant to the terms of Section 6.15(a) or (b) with respect to information as to
which both GSAM and GSRP or any of their respective Subsidiaries may assert a privilege or protection from disclosure, including Privileged Information which relates to the transactions contemplated hereby. Moreover, the Parties agree that they have
a common or shared interest in any Privileged Information that exists as of the date hereof relating to the subject of any pending or future Litigation, and such information, insofar as it is shared between the Parties, shall continue to be held in
strict confidence to maintain the applicability of any privilege or protection from disclosure. 

  

	 	(d)	 None of the Parties shall, and they shall cause their respective Subsidiaries not to, waive any Shared
Privilege, without the written consent of the other Party, which shall not be unreasonably withheld or delayed. 

  

	 	(e)	 In the event of a Litigation between GSAM or one of its Subsidiaries, on the one hand, and GSRP or one of its
Subsidiaries, on the other hand, each Party shall have the right to use any information that may be subject to a Shared Privilege, without obtaining the consent of the other Party, it being understood and agreed that the use of information with
respect to such Litigation or other dispute between GSAM or one of its Subsidiaries, on the one hand, and GSRP or one of its Subsidiaries, on the other hand, shall not operate as or be used by either Party as a basis for asserting a waiver of such
Shared Privilege with respect to third parties. 

  

	 	(f)	 If a dispute arises between GSAM or one of its Subsidiaries, on the one hand, and GSRP or one of its
Subsidiaries, on the other hand, regarding whether a Shared Privilege should be waived to protect or advance the interest of either Party, each Party agrees that it shall negotiate in good faith and endeavor to minimize any prejudice to the rights
of the other Party, and shall not unreasonably withhold consent to any request for waiver by the other Party. Each Party specifically agrees that it will not withhold consent to waiver for any purpose except to protect its own legitimate interests.

  

	 	(g)	 Upon receipt by either Party hereto or by any of its respective Subsidiaries of any subpoena, discovery or
other request which calls for the production or disclosure of information subject to a Shared Privilege or as to which the other Party or one of its respective Subsidiaries has the sole right hereunder to assert a privilege or other protection from
disclosure, or if either Party obtains knowledge that any of its or its Subsidiaries’ current or former directors, officers, agents or employees has received any subpoena, discovery or other requests which arguably call for the production or
disclosure of such Privileged Information, before disclosing the requested Privileged Information, such Party shall, in all 

  
 27 

	 	
cases, promptly notify the other party of the existence of the request, as well as any reason why disclosure is required or recommended in spite of the existence of privilege and shall provide
the other Party a reasonable opportunity to review the information and to assert any rights it or any of its Subsidiaries may have under this Section 6.15 or otherwise to prevent the production or disclosure of such
Privileged Information. Each Party shall bear its own expenses in connection with any such request. 

  

	 	(h)	 The transfer of all information and each Party’s retention of information which may include Privileged
Information of the other pursuant to this Agreement is made in reliance on the agreements of the Parties hereto to maintain the confidentiality of the information and to assert and maintain all applicable privileges or protections from disclosure.
The access to information being granted and the agreement to provide witnesses herein, the furnishing of notices and documents and other cooperative efforts contemplated hereby, and the transfer of Privileged Information between and among the
Parties hereto and their respective Subsidiaries pursuant hereto shall not be deemed a waiver of any privilege or protections from disclosure that has been or may be asserted under this Agreement or otherwise. 

Section 6.16 Corporate Names and Trademarks. In accordance with the time periods, and subject to the limitations, set forth in
this Section 6.16, GSRP shall, and shall cause its Subsidiaries to, (i) execute such amended organizational documents with respect to any such Person with a name, tagline or other designation that includes
“GSAM”, “GS”, “Goldman Sachs” or any name confusingly similar to such names (each, a “Goldman Name”) to change its respective name, tagline or other designation to a name, tagline
or other designation that does not include any Goldman Name or any name and mark owned by GSAM and its Subsidiaries (ii) not to use any Goldman Name for any purpose except as required by Applicable Law or when explicitly referencing that it was
formerly known by such name and (iii) not to use any mark that includes any Goldman Name or any other mark of GSAM or any of its Affiliates or any mark confusingly similar to a foregoing for any purpose (collectively with the Goldman Names, the
“Goldman Names and Marks”). In accordance with the time periods set forth in this Section 6.16, GSRP shall, and shall cause its Subsidiaries to, cease to conduct any business or any promotion or marketing
thereof under a Goldman Name and Mark. Promptly, and not later than ten (10) days following the Closing Date, GSRP shall, and shall cause its Subsidiaries to, file such amended Organizational Documents with the applicable Governmental Authority
and thereafter take all other necessary action to change the name of any such Person until such name changes are completed. To the extent the Goldman Names and Marks or any Goldman Sachs disclaimers are used by GSRP or its Subsidiaries on
stationery, business cards, signage, advertising materials, invoices, receipts, inventory, websites, packaging, policies, administrative forms, product, service and training literature, email signatures, and other materials, in existence as of the
Closing Date, GSRP may use such materials until thirty (30) days following the Closing Date; provided, that GSRP shall use reasonable best efforts to cause all notices or other public communications sent or made after thirty
(30) days following the Closing Date not to be made or sent using letterhead or other stationary that bears any Goldman Names and Marks; provided, further, that GSRP shall not imply an association with or affirmatively hold itself
out to be an Affiliate of GSAM or its Affiliates except as required by Applicable Law or when explicitly referencing the respective GSRP Entities’ former name. Upon the termination of such time period, GSRP shall promptly (A) destroy all
materials or remove or cover the Goldman Names and Marks so the Goldman Names and Marks are no longer visible on the materials included in this Section 6.16 having or bearing Goldman Names and Marks

  
 28 

 
in the possession or control of GSRP or its Subsidiaries (other than those used solely internally or archived), and promptly upon GSAM’s request, deliver to GSAM written notice confirming
that all such materials have been destroyed or the Goldman Names and Marks removed or covered, and (B) cease using Goldman Names and Marks, and names and marks confusingly similar thereto. GSRP acknowledges, and shall not (and shall cause its
Subsidiaries not to) contest, at any time, the validity, or GSAM’s or its Subsidiaries’ ownership, of the Goldman Names and Marks or GSAM’s or its designees’ ownership thereof from and after the Closing. GSRP shall not, and shall
cause its Subsidiaries not to, file or cause to be filed applications to register any Goldman Names and Marks, or any name or mark confusingly similar thereto, with any Governmental Authority. Nothing in this Section 6.16
shall restrict the GSRP Entities from using Goldman Names and Marks to the extent referring to their names prior to the Closing. 

Section 6.17 Termination of Affiliate Agreements. Except for the agreements specifically contemplated by this Agreement, all
agreements between the GSRP Parties or any of their Subsidiaries, on the one hand, and any GSAM Entity, on the other hand (“Affiliate Agreements”), shall be terminated in each case in their entirety as of the Closing Date, such that
any and all Liabilities pursuant to each of the foregoing are fully released and satisfied without any fees, costs, expenses payable by, or other liabilities or obligations of, the GSAM Entities, on the one hand, or the GSRP Entities, on the other
hand, with such terminations to be effective conditioned upon the Closing, and as of the Closing Date. 
 Section 6.18 Assignment of
Contracts. GSAM agrees to assign (or cause to be assigned) to GSRP or OpCo without recourse, representation or warranty (except as expressly set forth in this Agreement), all of GSAM’s or such Affiliate’s right, title and interest in
and to, and GSRP agrees to assume, or cause OpCo to agree to assume, the obligations of GSAM or such Affiliate’s obligations under, each of the Contracts set forth on Section 6.18 of the GSRP Disclosure Letter
(collectively the “Assigned Contracts”), pursuant to documentation (the “Assigned Contracts Documentation”) in form and substance consistent with this Section 6.18 and otherwise in form and
substance satisfactory to the Parties. GSAM has made available, or caused to be made available, to GSRP true and correct copies of the Assigned Contacts. Except as provided below, GSAM shall remain responsible for paying and satisfying, and
shall protect, defend, indemnify and hold harmless GSRP from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period prior to the Closing. GSRP shall be responsible for
paying and satisfying, and shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period on or after the Closing.
Notwithstanding the second preceding sentence, in the case of any Assigned Contract that prior to the Closing was for the benefit of the GSRP Entities, from and after the Closing GSRP shall protect, defend, indemnify and hold harmless GSAM from, all
Liabilities, related to or arising from such Assigned Contract, to the extent GSRP is required to do so under the Management Agreement. Without limiting the foregoing, OpCo shall remain responsible for, and shall pay and discharge when due all
Liabilities that constitute Company Expenses (as defined in the OpCo LLC Agreement) that were incurred prior to the Closing. 

  
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 Section 6.19 Section 16 Matters. Prior to the pricing of a Traditional IPO and,
to the extent requested by the GSAM Entities, prior to the closing of any SPAC Transaction or Reverse Merger where GSRP Holdings will be issued equity to the GSAM Entities, the GSRP Holdings Board or a committee thereof shall take such steps as may
be reasonably necessary or advisable to approve pursuant to Rule 16b-3 promulgated under the Exchange Act the issuance of GSRP Holdings equity securities to the GSAM Entities in accordance with the Amended
OpCo LLC Agreement. 
 Section 6.20 Subject Intellectual Property. Effective upon the Closing Date, GSAM and its Affiliates
hereby grant GSRP Entities, including any of their Controlled Affiliates now or in the future, a worldwide, non-exclusive, royalty-free, non-transferrable (except in
connection with a sale or merger of the Business), and sublicensable right (through multiple tiers) right and license to use Subject Intellectual Property in connection with the operations of the current Business of the GSRP Entities and any
Permitted Business Sectors. 
 ARTICLE VII. 

CONDITIONS 

Section 7.01 Conditions to Each Party’s Obligations. The respective obligations of each Party to consummate the
transactions contemplated hereby shall be subject to: 
  

	 	(a)	 No Injunction. The Parties shall have satisfied or waived at or prior to the Closing of the condition that no
temporary restraining order, preliminary or permanent injunction or other Order (whether temporary, preliminary or permanent) issued by any Governmental Authority of competent jurisdiction or other legal restraint or prohibition shall be in effect,
and no Applicable Law shall be enacted, entered or enforced, in each case that prevents the consummation of the transactions contemplated hereunder on the same terms and conferring on the Parties all the rights and benefits as contemplated herein.

  

	 	(b)	 GSAM Subject Employees. At least seventy percent (70%) of the GSAM Subject Employees shall have accepted offers
of employment from GSRP. 

  

	 	(c)	 Member Approval. The Member Approval shall have been obtained. 

 

	 	(d)	 Approvals and Consents. All approvals, consents, waivers or confirmations set forth on
Section 7.01(d) of the GSRP Disclosure Letter shall have been obtained, in form and substance reasonably satisfactory to GSAM and GSRP. 

 

	 	(e)	 Qualified Replacement Manager. GSRP shall have become a Qualified Replacement Manager under the Notes Purchase
Agreement. 

 Section 7.02 Additional Conditions to Obligations of the GSAM Entities. The obligations of the
GSAM Entities to consummate the transactions contemplated by this Agreement shall also be subject to the satisfaction or waiver at or prior to the Closing of the following conditions: 

 

	 	(a)	 Accuracy of Representations and Warranties; Performance of Covenants. 

 

	 	(i)	 Each of the representations and warranties (other than the Fundamental Representations) of the GSRP Parties
contained in Article V (without regard to any Material Adverse Effect or materiality qualifications set forth in any such 

  
 30 

	 	
representations and warranties), shall be true and correct as of the date of this Agreement and as of the Closing Date as though made at and as of such time (other than representations and
warranties that are expressly made as of another specific date or time, which need only be true and correct as of such date or time), except to the extent that any and all failures of such representations and warranties to be so true and correct,
taken as a whole, would not reasonably be expected to result in a Material Adverse Effect. 

  

	 	(ii)	 Each of the Fundamental Representations of the GSRP Parties shall be true and correct in all material respects
as of the date hereof and as of the Closing Date as though made at and as of such time (other than representations and warranties that are expressly made as of another specific date or time, which need only be true and correct as of such date or
time). 

  

	 	(iii)	 The GSRP Parties shall have performed and complied in all material respects with all obligations, covenants and
agreements required by this Agreement to be performed or complied with by them at or prior to the Closing. 

  

	 	(b)	 Deliveries . The GSRP Parties shall have delivered (or be ready, willing and able to deliver) to GSAM all
instruments and documents required to be delivered by the GSRP Parties pursuant to Section 3.02(b). 

Section 7.03 Additional Conditions to Obligations of the GSRP Parties. The obligations of the GSRP Parties to consummate the
transactions contemplated by this Agreement shall also be subject to the satisfaction or waiver at or prior to the Closing of the following conditions: 
  

	 	(a)	 Accuracy of Representations and Warranties; Performance of Covenants. 

 

	 	(i)	 Each of the representations and warranties (other than the Fundamental Representations) of the GSAM Entities
contained in Article IV (without regard to any Material Adverse Effect or materiality qualifications set forth in any such representations and warranties), shall be true and correct as of the date of this Agreement and as of the Closing Date as
though made at and as of such time (other than representations and warranties that are expressly made as of another specific date or time, which need only be true and correct as of such date or time), except to the extent that any and all failures
of such representations and warranties to be so true and correct, taken as a whole, would not reasonably be expected to result in a Material Adverse Effect. 

  

	 	(ii)	 Each of the Fundamental Representations of the GSAM Entities shall be true and correct in all material respects
as of the date hereof and as of the Closing Date as though made at and as of such time (other than representations and warranties that are expressly made as of another specific date or time, which need only be true and correct as of such date or
time). 

  
 31 

	 	(iii)	 The GSAM Entities (and, with respect to Section 2.06, The Goldman Sachs Group) shall
have performed and complied in all material respects with all obligations, covenants and agreements required by this Agreement to be performed or complied with by them at or prior to the Closing. 

 

	 	(b)	 Insurance. GSRP shall have obtained and bound the New D&O Insurance. 

 

	 	(c)	 Deliveries. The GSAM Entities shall have delivered (or be ready, willing and able to deliver) to GSRP all
instruments and documents required to be delivered by the GSAM Entities pursuant to Section 3.02(a). 

ARTICLE VIII. 

TERMINATION, AMENDMENT AND WAIVER 

Section 8.01 Termination. This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time
prior to the Closing: 
  

	 	(a)	 By mutual written consent of the Parties; or 

 

	 	(b)	 By either GSAM or the GSRP Board if the Closing shall not have occurred one hundred and twenty (120) days
from the date of this Agreement (the “Outside Date”) for any reason; provided, however, that the right to terminate this Agreement under this Section 8.01(b) shall not be available to any
Party whose action or failure to act has been the cause of or resulted in the failure of the Closing to occur on or before the Outside Date and such action or failure to act constitutes a breach of this Agreement. 

Section 8.02 Effect of Termination. In the event of the termination of this Agreement pursuant to
Section 8.01 (which termination will be effective immediately upon the delivery of written notice of the terminating Party to the other Parties hereto), (i) this Agreement (other than this
Section 8.02, Section 6.09, Section 10.03, Section 10.04 and Section 10.07 through
Section 10.14, which shall survive such termination) will forthwith become void and be of no further force and effect, and there will be no Liability on the part of the GSRP Parties, the GSAM Entities or any of their
respective Affiliates, officers, managers or directors to the other and all rights and obligations of any Party hereto will cease; and (ii) the Management Agreement shall remain in full force and effect. 

ARTICLE IX. 
 TAX MATTERS

 Section 9.01 Tax Returns. Following the Closing, GSRP shall prepare and file, or cause to be prepared and filed, in a
timely manner all Tax Returns of the GSRP Parties that are due after the Closing Date. Any Internal Revenue Service Form 1065 (and any similar form for state Tax purposes due in a jurisdiction that follows the U.S. federal income Tax treatment) of
OpCo that includes any Tax period (or portion thereof) beginning before the date of the Pre-IPO Issuance (“Pre-IPO Tax Returns”) shall be prepared, and
each item thereon treated, in a manner consistent with past practices employed without making or changing any accounting methods, elections and conventions. A representative of GSAM shall have the right to review any such Pre-IPO Tax Return thirty (30) days prior to the filing of such Pre-IPO Tax Return, and the GSRP Parties and such representative shall use good faith efforts to resolve
reasonable comments to such Pre-IPO Tax Return received from such representative reasonably in advance of, but in no event less than fifteen (15) days prior to, the due date therefor. GSRP shall deliver a
Schedule K-1 with respect to OpCo to GSAM Holdings II within ninety (90) days after the end of each calendar year in which GSAM Holdings II is a member in OpCo. 

  
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 Section 9.02 Contests. In the case of a U.S. federal income Tax (or state income
Tax that follows the U.S. federal income Tax treatment) audit or administrative or judicial proceeding of OpCo that relates to a taxable period (or portion thereof) beginning before the date of the Pre-IPO
Issuance, the GSAM Entities shall have the right, at the GSAM Entities’ expense, to participate in such audit or proceeding to the extent that it could reasonably be expected to result in an adjustment to any items of income, loss, credit,
deduction, or gain from OpCo previously allocated to any of the GSAM Entities, and the GSRP Parties shall obtain the prior written consent of GSAM (which consent shall not be unreasonably withheld, conditioned or delayed) before entering into any
settlement of such a claim or ceasing to defend such a claim that could reasonably be expected to result in a materially adverse adjustment to any item of income, loss, credit, deduction, or gain previously allocated to any of the GSAM Entities.

 Section 9.03 Cooperation and Exchange of Information. The Parties shall each provide the others with such cooperation and
information as any of them reasonably may request of the others in filing any Tax Return, amended Tax Return or claim for refund, determining a Liability for Taxes or a right to a refund of Taxes, participating in or conducting any audit or other
proceeding in respect of Taxes or making representations to or furnishing information to parties subsequently desiring to purchase GSRP or a part of the Business acquired from the GSAM Entities. Such cooperation and information shall include but is
not limited to providing copies of relevant Tax Returns or portions thereof, together with accompanying schedules, related work papers, opinions, memorandums, analyses, records and other documents relating to rulings or other determinations by Tax
authorities. The GSAM Entities and GSRP shall (and GSRP after the Closing will cause the GSRP Entities to) retain all Tax Returns, schedules and work papers, opinions, memorandums, analyses, records and other documents in their possession relating
to Tax matters of GSRP, if any, for the taxable period that includes the Closing Date and for all prior taxable periods until the later of (a) the expiration of the statute of limitations of the taxable periods to which such Tax Returns and
other documents relate, or (b) six (6) years following the due date (without extension) for such Tax Returns. Any information obtained under this Section 9.03 shall be kept confidential except as may be otherwise
necessary in connection with the filing of Tax Returns or claims for Tax refund or in conducting a Tax audit or other Tax proceeding. 

Section 9.04 Corporate Reorganization. The Parties covenant to effect any IPO (other than a SPAC Transaction or a Reverse Merger)
in the following manner unless otherwise agreed to by GSRP and GSAM: (i) a newly formed wholly owned subsidiary of GSRP Holdings will merge with and into GSRP, with GSRP surviving such merger (the “Merger”), (ii) in connection
with the Merger, all outstanding limited liability company interests in GSRP will be exchanged for shares of common stock of GSRP Holdings pursuant to the Merger, and all outstanding limited liability company interests in OpCo that are owned by GSAM
Holdings II will be contributed to GSRP Holdings in exchange for shares of common stock of GSRP Holdings (the “Pre-IPO Issuance”), and (iii) following the transactions described in
clauses (i) and (ii), GSRP Holdings will issue shares of common stock to the public in the IPO in exchange for the proceeds of the IPO. The Parties agree to treat the foregoing, together, as a transaction described in Section 351 of the
Code, and the Parties agree not to take any position inconsistent with such treatment for any 

  
 33 

 
Tax purpose, including on any Tax Return or in any Tax proceeding, unless required pursuant to a “determination” within the meaning of Section 1313(a) of the Code. Further, the
Parties covenant not to take any action, or agree to take any action, that could reasonably be expected to prevent the “Corporate Reorganization” (as defined in the Registration Statement) from qualifying as a transaction described in
Section 351 of the Code. 
 ARTICLE X. 

MISCELLANEOUS 

Section 10.01 Preemptive Rights. 
  

	 	(a)	 If, prior to the earlier of the consummation of an IPO or a Sale, any GSRP Entity proposes to issue any equity
securities (or securities exercisable for, exchangeable for or convertible into equity securities) of any type or class for cash in a transaction that (x) results or would result in dilution of the economic interest of any GSAM Entity, or
(y) any transaction not entered into in good faith and with a valid business purpose (any securities referred to in (x) or (y), “New Securities” and each such issuance, a “Triggering Event”), the
applicable GSRP Entity shall first offer GSAM or its designee the right to purchase up to 13.7% of such New Securities. Notwithstanding the foregoing, none of the following shall constitute New Securities or a Triggering Event: the issuance of any
compensatory equity or equity-based awards to employees, directors or other service providers of any GSRP Entity; an issuance in respect of the Existing Commitments; issuances pursuant to an IPO or any restructuring transactions in connection with
any IPO; issuances in connection with a joint venture or similar arrangement where not less than eighty percent (80%) of such equity is issued with respect to non-cash contributions; issuances to Persons that
are GSRP Restricted Parties; or a tax equity transaction. 

  

	 	(b)	 GSRP shall give written notice to GSAM of any proposed Triggering Event as promptly as practicable, but in no
event later than twenty (20) Business Days prior to the consummation of the Triggering Event, which notice shall set forth all material terms and conditions of the Triggering Event, including (i) the number of (or formula for determining
such number) and a description of the New Securities proposed to be issued at the closing of the Triggering Event, (ii) the pro rata portion of New Securities which may be purchased pursuant to Section 10.01(a),
together with reasonable supporting detail for the determination thereof; (iii) the closing date of the Triggering Event and, if different, the issuance date for the New Securities to be issued in connection therewith; (iv) the proposed
offerees or purchasers of the New Securities; (v) the aggregate proposed proceeds or fair market value to be obtained by the GSRP Entities from the issuance of New Securities in connection with such Triggering Event; and (vi) the
anticipated issue or exercise price per New Security, together with reasonable supporting detail for the determination thereof. GSRP shall update the information in such notice promptly following any changes to the material terms and conditions of
the Triggering Event. 

  
 34 

	 	(c)	 The rights of the GSAM Entities pursuant to Section 10.01(a) shall be exercisable
with respect to any Triggering Event by delivery of written notice (the “Preemptive Rights Notice”) to GSRP no later than the later of (x) ten (10) Business Days after receipt of GSRP’s notice in respect of such Triggering
Event pursuant to Section 10.01(b) above and (y) five (5) Business Days prior to the consummation of such Triggering Event. The Preemptive Rights Notice shall specify the following, each as determined in the GSAM
Entities’ sole discretion: (i) whether a GSAM Entity or an Affiliate will purchase such New Securities (such purchaser, the “Preemptive Rights Purchaser”), and (ii) the number of such New Securities (up to its pro
rata portion) to be purchased; provided, that the GSAM Entities may update the information in the Preemptive Rights Notice following any changes to the material terms and conditions of the Triggering Event. 

 

	 	(d)	 If the GSAM Entities exercise their preemptive right pursuant to Section 10.01(a)
with respect to any Triggering Event, GSAM, or an Affiliate thereof, shall purchase and GSRP shall issue to the Preemptive Rights Purchaser the New Securities specified in the Preemptive Rights Notice (i) at or approximately the same date and
time as the closing of the Triggering Event or, if different, the issuance date for the New Securities to be issued in connection therewith or (ii) at such date and time as mutually agreed between GSRP and the Preemptive Rights Purchaser, in
each case, subject only to the consummation of the Triggering Event and Applicable Law. 

  

	 	(e)	 Notwithstanding anything to the contrary in this Agreement, any GSRP Entity may issue New Securities without
first offering such New Securities to GSAM or its designee or complying with the procedures of this Section 10.01, so long as GSAM receives prompt written notice of the consummation of such issuance and, within thirty
(30) days thereof, such GSRP Entity offers to GSAM or its designee the opportunity to purchase the number of New Securities GSAM or its designee would have been entitled to purchase pursuant to this Section 10.01 and
on the same terms and conditions as set forth in this Section 10.01 (including any time periods). 

Section 10.02 Survival. The respective representations and warranties of the GSAM Entities contained in Article IV and the GSRP
Parties contained in Article V (or in any certificate delivered in connection herewith) shall terminate upon the Closing; provided, however, the Fundamental Representations shall survive the Closing indefinitely. The covenants and
agreements of the Parties contained in this Agreement and all claims with respect thereto shall terminate at the Closing or upon the earlier termination of this Agreement, as the case may be, except for those covenants and agreements contained in
this Agreement that by their terms are to be performed in whole or in part after the Closing. 
 Section 10.03 Fees and
Expenses. GSAM shall be responsible for the fees and expenses of Fried, Frank, Harris, Shriver & Jacobson LLP (“Fried Frank”) and such other advisors or service providers as are engaged by GSAM in order to represent or
advise the GSAM Entities in their own capacities (as contrasted to representing or advising GSAM in its capacity as Manager of GSRP) in respect of this Agreement and the transactions contemplated hereby. GSRP will be responsible for the fees and
expenses of its financial and legal advisors, its management and other consultants, and all other fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby that are “Company Expenses” under the
GSRP LLC Agreement. These fees and expenses may include fees and expenses payable to Fried Frank in respect of engagements by or to otherwise act on behalf of GSRP (including without limitation, amending financing arrangements of GSRP, preparing
disclosure documents in connection with the IPO, and amending the OpCo LLC Agreement, each in connection with this Agreement and the transactions contemplated hereby). Fees and expenses incurred by the Parties in obtaining third party consents to
assignment of the Assigned Contracts shall be shared equally by the Parties. 

  
 35 

 Section 10.04 Notices. All notices or other communications which are required or
permitted hereunder shall be in writing and sufficient if delivered personally or sent by nationally recognized overnight courier or by registered or certified mail, postage prepaid, return receipt requested, or by
e-mail, as follows: 
  

	 	(a)	 If to the GSRP Entities: 

MN8 Energy, Inc. 
 1155 Avenue
of the Americas 
 27th Floor 

New York, NY 10036 
 Attention:
Jon Yoder 
 E-mail: jon.yoder@mn8energy.com 

with a copy (which shall not constitute notice) to: 

Vinson & Elkins LLP 

845 Texas Avenue 
 Houston,
Texas 77002 
 Attention: Douglas E. McWilliams 

  Crosby W. Scofield 

Email: dmcwilliams@velaw.com 

  cscofield@velaw.com 

	 	(b)	 If to the GSAM Entities, to: 

Goldman Sachs Asset Management, L.P. 

200 West Street 
 New York, NY
10282 
 Attention: Raanan Agus 

            David Plutzer 

E-mail: Raanan.Agus@gs.com 

David.Plutzer@gs.com 
 with a
copy (which shall not constitute notice) to: 
 Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 
 New York,
NY 10004 
 Attention: Lawrence Barshay 

Warren S. de Wied 
 Email:
lawrence.barshay@friedfrank.com 
 warren.de.wied@friedfrank.com 

  
 36 

 or to such other address as the Party to whom notice is to be given may have furnished to the other Parties
in writing in accordance herewith. All such notices or communications shall be deemed to be received (i) in the case of personal delivery, nationally recognized overnight courier or registered or certified mail, on the date of such delivery,
and (ii) in the case of facsimile or telecopier or electronic mail, upon receipt of the appropriate facsimile or telecopier confirmation. 

Section 10.05 Amendment. This Agreement may be amended to the fullest extent permitted by Applicable Law by the Parties at any
time prior to the Closing. This Agreement may not be amended except by an instrument in writing signed by each of the Parties. 

Section 10.06 Waiver. At any time prior to the Closing, the GSAM Entities, on the one hand, and the GSRP Parties, on the other
hand, may, to the extent permitted by Applicable Law, extend the time for the performance of any of the obligations or other acts required by the other Party hereunder, waive any inaccuracies in the representations and warranties made to such Party
and contained in this Agreement or in any document delivered pursuant hereto or waive compliance with any of the agreements or conditions for the benefit of such Party contained in this Agreement. Any such extension or waiver shall be valid only if
set forth in an instrument in writing signed by the Party or Parties to be bound thereby. The waiver of any condition based on the accuracy of any representation or warranty, or on the performance of or compliance with any covenant or obligation, or
the waiver of the fulfillment of any such condition, shall not affect the right to any remedy based on such representation, warranty, covenant or obligation. 

Section 10.07 Severability. If any term or other provision of this Agreement, or the application thereof, is invalid, illegal,
void or incapable of being enforced by any Applicable Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner adverse to any Party. Upon such determination that any term or other provision is invalid, illegal, void or incapable of being enforced, the Parties shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the extent possible. 

Section 10.08 Entire Agreement. This Agreement (including all exhibits, annexes and schedules hereto) and other documents and
instruments delivered pursuant hereto or thereto constitute the entire agreement and supersede all prior representations, agreements, understandings and undertakings, both written and oral, among the Parties, or any of them, with respect to the
subject matter hereof and thereof and no Party is relying on any prior oral or written representations, agreements, understandings or undertakings with respect to the subject matter hereof and thereof. 

Section 10.09 Assignment. This Agreement shall not be assigned by operation of Applicable Law or otherwise without the prior
written consent of the other Parties to this Agreement, and any such action without the required consent shall be void ab initio. This Agreement shall bind and inure to the benefit of the Parties and any permitted successors or assigns to the
original Parties to this Agreement, but such assignment shall not relieve any Party of any obligations incurred prior to such assignment. 

  
 37 

 Section 10.10 Parties in Interest. Subject to
Section 10.09 hereof, this Agreement shall be binding upon and inure solely to the benefit of each Party and each of their respective heirs, executors, personal representatives, successors and permitted assigns. Except with
respect to Covered Persons entitled to enforce Section 6.11, nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or
by reason of this Agreement. 
 Section 10.11 Failure or Indulgence Not Waiver; Remedies Cumulative. No failure or delay on the
part of any Party in the exercise of any right hereunder will impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement herein, nor will any single or partial exercise of any
such right preclude other or further exercise thereof or of any other right. All rights and remedies existing under this Agreement are cumulative to, and not exclusive of, any rights or remedies otherwise available. 

Section 10.12 Governing Law; Jurisdiction. 
  

	 	(a)	 This Agreement and all disputes, controversies or claims relating to, arising out of or under, or in connection
with this Agreement and the transactions contemplated hereby, including the negotiation, execution and performance hereunder, shall be governed by, and construed in accordance with, the internal substantive laws of the State of New York, excluding,
to the greatest extent a New York court would permit, the application of the laws of any other jurisdiction. Each of the Parties irrevocably and unconditionally submits to the sole and exclusive personal jurisdiction of (i) the courts of the
State of New York, and (ii) the United States District Court for the Southern District of New York (together with appropriate appellate courts therefrom, the “New York Courts”), for the purposes of any dispute, claim,
controversy, suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby or thereby. Each of the Parties hereto further agrees and covenants (i) to commence any such action, suit or proceeding either in
the United States District Court for the Southern District of New York or, if such suit, action or other proceeding may not be brought in such court for jurisdictional reasons, in the courts of the State of New York and (ii) to not attempt to
deny or defeat such personal jurisdiction by motion or other request for leave from any such court. Each of the Parties hereby irrevocably and unconditionally consents to service of any process, summons, notice or document by U.S. prepaid certified
or registered mail to such Party’s respective address set forth above in Section 10.04 and agrees that such service shall be effective service of process for any action, suit or proceeding in the New York Courts with
respect to any matters to which it has submitted to jurisdiction in this Section 10.12. Nothing herein shall be deemed to limit or prohibit service of process by any other manner as may be permitted by Applicable Law. Each
of the Parties irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the New York Courts, and hereby further irrevocably
and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

  
 38 

	 	(b)	 Each of the Parties hereto hereby agrees that a final judgment in any dispute, claim, controversy, suit, action
or other proceeding arising out of this Agreement or any transaction contemplated hereby or thereby shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Applicable Law.

  

	 	(c)	 EACH PARTY HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF SUCH PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF. EACH OF
THE PARTIES HERETO (I) 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 THAT FOREGOING WAIVER AND
(II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 10.12(c). 

 Section 10.13 Enforcement of Agreement; Specific
Performance. The Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the
Parties shall be entitled to an injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the New York Courts, this being in addition to any other remedy to which such Party is
entitled at law or in equity. Each Party further agrees that no other Party or any other Person shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in
this Section 10.13, and each Party irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument. 

Section 10.14 Counterparts. This Agreement may be executed and delivered in one or more counterparts, and by the different Parties
hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Any facsimile or electronically transmitted copies (including
using portable document format (“.pdf”)) hereof or signatures hereon shall, for all purposes, be deemed originals. 

Section 10.15 Time is of the Essence. Time is of the essence in this Agreement. Whenever this Agreement refers to a number of
days, such number shall refer to calendar days unless Business Days are specified. Whenever any action must be taken hereunder on or by a day that is not a Business Day, then such action may be validly taken on or by the next day that is a Business
Day. Relative to the determination of any period of time, “from” means “including and after,” “to” means “to but excluding” and “through” means “through and including.” 

  
 39 

 Section 10.16 Rules of Interpretation. All terms defined in this Agreement shall
have the defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. All accounting terms used herein and not expressly defined herein shall have the meanings given to them
under, and all accounting determinations hereunder shall be made in accordance with, GAAP. Unless otherwise specified, all references herein to “Articles,” “Sections,” “Exhibits,” “Annexes” or
“Schedules” are to Articles, Sections, Exhibits, Annexes or Schedules of this Agreement. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without
limitation.” The words “hereof,” “herein,” “hereunder” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any
particular provision of this Agreement. “Shall” and “will” mean “must,” and shall and will have equal force and effect and express an obligation. “Writing,” “written” and comparable terms refer to
printing, typing, and other means of reproducing in a visible form. The table of contents and headings, titles and captions contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of
this Agreement. References herein to this Agreement mean this Agreement as from time to time amended, modified or supplemented, including by waiver or consent. Any agreement or instrument defined or referred to herein or in any agreement or
instrument that is referred to herein means such agreement or instrument as from time to time amended, modified or supplemented, including by waiver or consent. Any reference to an Applicable Law herein shall include any amendment thereof or any
successor thereto and any Regulations promulgated thereunder. References to a Person are also to its permitted successors and assigns. Each Party acknowledges that this Agreement was negotiated by it with the benefit of representation by legal
counsel, and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any Party shall not apply to any construction or interpretation hereof. References in this Agreement to
“consistent with past practice” shall mean consistent with past practice including as to time, frequency and amount. References in this Agreement to “consummation of an IPO” shall mean the date of consummation of the IPO without
giving effect to any over-allotment option. 
 Section 10.17 Legal Representation. 

 

	 	(a)	 In any dispute or proceeding arising after the Closing under or in connection with this Agreement or any the
other agreement contemplated hereby, the parties agree that any of the GSAM Entities shall have the right, at their election to retain Fried Frank to represent them in such matter, and the GSRP Parties (on behalf of themselves, their respective
Affiliates, directors, officers, employees and representatives and their respective successors and assigns) hereby irrevocably waive and consent to any such representation in any such mater. 

 

	 	(b)	 Each of the Parties further agrees that, as to all communications among Fried Frank, the GSRP Entities, the
attorney-client privilege, the expectation of client confidence and all other rights to any evidentiary privilege belong to the GSAM Entities and shall not pass to or be claimed by the GSRP Entities or any of their Affiliates. 

 

	 	(c)	 If the transactions contemplated by this Agreement and the other agreements contemplated hereby are
consummated, the GSRP Entities shall have no right of access to or control over any of Fried Frank’s records related to such transactions, which shall become the property of (and be controlled by) GSAM; it would be impracticable to remove from
the records (including emails and other electronic files) of the GSRP Entities any privileged communications with Fried Frank. The GSRP Parties agree, on behalf of themselves and 

  
 40 

	 	
their Affiliates, not to access, review or otherwise use, examine or rely upon such privileged communications that may remain in the records of the GSRP Entities, and the Parties agree that no
attorney-client privilege, attorney work product or other privilege or protection is waived or intended to be waived by allowing such material to remain in the files of the GSRP Entities. 

 

	 	(d)	 Furthermore, in the event of a dispute between any GSAM Entity, on the one hand, and the GSRP Entities, on the
other hand, arising out of or relating to any matter in which Fried Frank acted for them both, none of the attorney-client privilege, the expectation of client confidence or any other rights to any evidentiary privilege will protect from disclosure
to the GSAM Entities, any information or documents developed or shared during the course of Fried Frank’s joint representation of the GSAM Entities and the GSRP Entities. 

[The remainder of this page is intentionally left blank.] 

  
 41 

 IN WITNESS WHEREOF, each of GSRP Holdings, OpCo, GSRP, GSAM and GSAM Holdings II have
executed and delivered this Internalization Agreement or caused this Internalization Agreement to be executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 

 

			
	GSRP PARTIES:
	
	MN8 Energy, Inc.
		
	By:	 	 /s/ Tim Leach

	Name:	 	Tim Leach
	Title:	 	Sole Director
	
	Goldman Sachs Renewable Power Operating Company LLC
		
	By:	 	Goldman Sachs Renewable Power LLC, its managing member
		
	By:	 	 /s/ Tim Leach

	Name:	 	Tim Leach
	Title:	 	Chairman of the Board
	
	Goldman Sachs Renewable Power LLC
		
	By:	 	 /s/ Tim Leach

	Name:	 	Tim Leach
	Title:	 	Chairman of the Board

 [Signature Page to Internalization Agreement] 

 
			
	GSAM ENTITIES:
	
	Goldman Sachs Asset Management, L.P.
		
	By:	 	 /s/ Raanan A. Agus

	Name:	 	Raanan A. Agus
	Title:	 	Vice President
	
	GSAM Holdings II LLC
		
	By:	 	 /s/ Raanan A. Agus

	Name:	 	Raanan A. Agus
	Title:	 	Vice President

 [Signature Page to Internalization Agreement] 

 Exhibit A 

DEFINITIONS 
 “Adjusted
EBITDA” means net income (loss) before interest expense, net, loss on extinguishment of debt, income tax expense, depreciation, amortization and accretion, restructuring and offering costs, contract amortization and acquisition and
development costs. 
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly, through one or more
intermediaries, Controls, is Controlled by or is under common Control with such Person. For purposes of this definition (i) the GSAM Entities shall not constitute Affiliates of the GSRP Parties and (ii) the GSRP Parties shall not
constitute Affiliates of the GSAM Entities. 
 “Affiliate Agreement” has the meaning set forth in Section 6.17.

 “Agreement” has the meaning set forth in the Preamble. 

“Amended OpCo LLC Agreement” has the meaning set forth in Section 2.05. 

“Applicable Law” means any domestic or foreign federal, state or local statute, law (whether statutory or common law and including the
Securities Laws), ordinance, rule, administrative interpretation, regulation, order (including any exemptive orders), writ, judgment or directive (including those of any self-regulatory organization) applicable to or legally binding on any of the
GSAM Entities, the GSRP Parties, or any of their respective Affiliates, directors, employees or agents or other Person, as the case may be. 

“Assigned Contracts” has the meaning set forth in Section 6.18. 

“Assigned Contracts Documentation” has the meaning set forth in Section 6.18. 

“Balance Sheet Date” has the meaning set forth in Section 5.06(a). 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person”
will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage
of time. 
 “Books and Records” has the meaning set forth in Section 6.12(a). 

“Business” has the meaning set forth in the Recitals. 

“Business Day” means any day other than a Saturday, Sunday or day on which banks are permitted to close in the State of New York. 

“Business Permits” has the meaning set forth in Section 5.10(b). 

“Closing” has the meaning set forth in Section 3.01. 

 “Closing Date” has the meaning set forth in Section 3.01. 

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

“Compensation” has the meaning set forth in Section 6.03(b). 

“Contract” means any contract, plan, undertaking, understanding, agreement, purchase order, license, sublicense, consent, lease, note,
mortgage or other binding commitment, whether written or oral. 
 “Contributed Capital” means all amounts of capital contributed or deemed
contributed to GSRP since its inception. 
 “Control” (including the terms “Controlled by”, “controlled”
and “under common Control with”) 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 ownership of stock or other equity or
similar interests, as trustee or executor, by Contract or credit arrangement or otherwise. 
 “Controlled Affiliates” has the meaning set
forth in Section 6.03(b). 
 “Enforceability Exceptions” has the meaning set forth in
Section 4.02. 
 “Equity Rights” has the meaning set forth in Section 5.05(c). 

“Equity Valuation” means, in respect of a Sale, SPAC Transaction, Reverse Merger or Triggering Event, the value received by the equity
holders of the GSRP Entities in connection with such transaction (whether directly or indirectly following a distribution by the GSRP Entities of such consideration), including (i) any cash consideration to be paid by the counterparty or to be
distributed by the GSRP Entities in connection with such transaction, (ii) for any common stock of the counterparty that is listed on a National Securities Exchange, the value of any such common stock to be issued by the counterparty (or issued
by any entity newly formed for the purpose of owning the combined business of the GSRP Entities and the counterparty), with such common stock being valued at the volume weighted average trading price for the common stock of the counterparty for the
ten trading days immediately preceding the second trading day prior to the closing of such transaction (on any applicable split adjusted basis), and (iii) for all other securities and assets, the fair market value of such securities and assets
to be paid by the counterparty as of the time the definitive documents for such transaction are executed as determined by the GSRP Board, subject to the GSAM’s right to dispute such value to an independent valuation firm pursuant to the
Valuation Dispute Procedures. The value of any amounts to be paid by the counterparty contingent upon future events shall be determined by the GSRP Board for purposes of the Equity Valuation calculation, subject to GSAM’s right to dispute such
fair market value to an independent valuation firm pursuant to the Valuation Dispute Procedures. 
 “Exchange Act” means the Securities
Exchange Act of 1934. 
 “Existing Commitments” has the meaning set forth in Section 6.01(b). 

“Fernandez” has the meaning set forth in Section 2.01. 

 “Financial Statements” has the meaning set forth in
Section 5.06(a). 
 “Fried Frank” has the meaning set forth in Section 10.03. 

“Fundamental Representations” when used with respect to (a) the GSAM Entities means the representations and warranties set forth in
Section 4.01 (Organization); Section 4.02 (Authority); Section 4.03 (No Violations); and Section 4.11 (Brokers and Finders); and (b) the
GSRP Parties means the representations and warranties set forth in Section 5.01 (Organization); Section 5.02 (Authority); Section 5.03 (No Violations);
Section 5.05(a) (Capital Structure; Subsidiaries); and Section 5.12 (Brokers and Finders). 

“GAAP” means generally accepted accounting principles in the United States. 

“Goldman Names” has the meaning set forth in Section 6.16. 

“Goldman Names and Marks” has the meaning set forth in Section 6.16. 

“Governmental Authority” means any government or governmental or regulatory body thereof, or political subdivision thereof, whether foreign,
federal, state, or local, or any agency, instrumentality or authority thereof, any multinational, supra-national or quasi-governmental entity, body or authority, any regulatory authority, any self-regulatory organization, any court, arbitration
tribunal or arbitrator (public or private) or any other entity exercising executive, legislative, judicial, taxing, regulatory or policing powers or functions of or pertaining to government (or any department, bureau or division thereof). 

“GSAM Director” has the meaning set forth in Section 2.08. 

“GSAM Entities” has the meaning set forth in the Preamble. 

“GSRP Holdings” has the meaning set forth in the Preamble. 

“GSAM Holdings” has the meaning given to such term in Section 4.12 

“GSAM Holdings II” has the meaning set forth in the Preamble. 

“GSAM Observer” has the meaning set forth in Section 2.08. 

“GSAM Representatives” has the meaning set forth in Section 6.05. 

“GSAM Subject Employees” has the meaning set forth in Section 2.02(a). 

“GSRP” has the meaning set forth in the Preamble. 

“GSRP Benefit Plans” has the meaning set forth in Section 2.02(c). 

“GSRP Board” means the board of directors of GSRP. 

“GSRP Disclosure Letter” means the GSRP Disclosure Letter dated as of the date hereof and delivered by the GSRP Parties to GSAM
simultaneously with the signing of this Agreement. 

 “GSRP Entities” means the GSRP Parties and their Subsidiaries. 

“GSRP Holdings” has the meaning set forth in the Preamble. 

“GSRP Holdings Board” means the board of directors of GSRP Holdings. 

“GSRP LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of GSRP dated February 9, 2018, as amended. 

“GSRP Party” has the meaning set forth in the Preamble. 

“GSRP Restricted Parties” has the meaning set forth in Section 6.03(b). 

“Indebtedness” of any Person means, without duplication, the following obligations: (i) all obligations for borrowed money, including
accrued but unpaid interest thereon, (ii) all obligations evidenced by bonds, debentures, notes or other similar instruments (whether or not convertible), including accrued but unpaid interest thereon, (iii) all obligations to pay the
deferred purchase price of property or services with respect to which such Person is liable to pay as of the time of determination (and specifically excluding any obligations contingent upon achievement of milestones that are not yet due and
payable), (iv) all obligations as lessee that would be required to be capitalized in accordance with GAAP, (v) all negative balances in bank accounts and all overdrafts, (vi) all obligations under indentures or arising out of any swap,
option, derivative, hedging or similar arrangement, (vii) all underfunded or unfunded long-term Liability as of such time with respect to any compensation plan and the long-term amount of any shortfall in payments to unions for pension plans
and medical plan contributions, (viii) all obligations in connection with any letter of credit, banker’s acceptance, guarantee, surety, performance or appeal bond, or similar credit transaction and (ix) obligations arising under title
retention agreements. 
 “Information Statement” has the meaning set forth in Section 6.10(a). 

“Internalization Transactions” has the meaning set forth in the Recitals. 

“Investment Management Activities” has the meaning set forth in Section 6.03(b). 

“IPO” means (a) a Traditional IPO, (b) a SPAC Transaction or (c) a Reverse Merger, where, (i) in the case of a
Traditional IPO, the price to the public in the underwriting agreement for such offering multiplied by the number of shares of common stock of GSRP Holdings issued in the Pre-IPO Issuance, and, in the
case of a SPAC Transaction or Reverse Merger, the Equity Valuation, is not less than (ii) the greater of (x) a 1.75x multiple of the aggregate amount of Contributed Capital as of the date of pricing of such offering with respect to a
Traditional IPO and as of the date of closing with respect to a SPAC Transaction or a Reverse Merger and (y) the amount required to result in the Special Interest Member receiving not less than one hundred percent (100%) of the catch-up distributions specified in Section 4.4.2(c) of the Amended OpCo LLC Agreement. 
 “IPO
Entity” means any entity formed pursuant to a reorganization of GSRP and any of its Affiliates for the purpose of effecting an IPO with respect to the equity securities of such IPO Entity that has been approved by the GSRP Board. 

 “Knowledge” and any correlative term means (a) with respect to any GSRP Party, the
actual or constructive knowledge of any of the following individuals: Jon Yoder, David Fernandez, Patrick McAlpine, Jordan Meer and Moe Hanifi and (b) with respect to any GSAM Entity, the actual or constructive knowledge of any of the following
individuals: Raanan Agus, solely with respect to Section 4.07, Marissa Grand and, solely with respect to Section 4.08, Quinn MacNulty. 

“Landlord” has the meaning set forth in Section 2.06. 

“Latest Balance Sheet” has the meaning set forth in Section 5.06(a). 

“Lease” has the meaning set forth in Section 2.06. 

“Lease Assignment” has the meaning set forth in Section 2.06. 

“Leased Premises” has the meaning set forth in Section 2.06. 

“Leverage Ratio” as of a specific date, means Net Debt of the GSRP Entities on a consolidated basis as of the most recently practicable date
for which financial information is available divided by Adjusted EBITDA of the GSRP Entities on a consolidated basis for the immediately preceding four fiscal quarters for which the financial statements of the GSRP Entities are available. GSRP may
elect to calculate the Leverage Ratio on a pro forma basis to give effect to any material acquisition or disposition for which financial information is available occurring since the beginning of the four fiscal quarters used to calculate Adjusted
EBITDA as if such transaction occurred on the first day of such four fiscal quarter period. 
 “Liability” means any Indebtedness,
liability or obligation (whether direct or indirect, whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether matured or unmatured, whether determined or determinable, whether
disputed or undisputed, whether liquidated or unliquidated, whether due or to become due and whether in contract, tort, strict liability or otherwise), including any liability for Taxes. 

“Lien” means any mortgage, pledge, security interest, encumbrance, lien (statutory or otherwise), claim, conditional sale agreement, or
charge of any kind (including any agreement to give any of the foregoing); provided, however, that the term “Lien” shall not include (i) statutory liens for Taxes, which are not yet due and payable, (ii) statutory
or common law liens to secure landlords, lessors or renters under leases or rental agreements confined to the premises rented, (iii) deposits or pledges made in connection with, or to secure payment of, workers’ compensation, unemployment
insurance, old age pension or other social security programs mandated under Applicable Law, (iv) statutory or common law liens in favor of carriers, warehousemen, mechanics and materialmen, to secure claims for labor, materials or supplies and
other like liens, and (v) restrictions on transfer of securities imposed by applicable Securities Laws. 
 “Litigation” means any
action, including any pending or threatened litigation, disputes as to payment, cease and desist letter, complaint, petition, charge, grievance, audit, investigation, inquiry, mediation, demand, suit, arbitration proceeding, administrative or
regulatory proceeding, citation, summons or subpoena of any nature, civil, criminal, regulatory or otherwise, in law or in equity. 

 “Losses” means any damages, losses, charges, diminution in value, Liabilities, Litigation,
payments, judgments, settlements, assessments, deficiencies, Taxes, interest, penalties, fines, interest and costs and expenses (including out of pocket disbursements and expenses of investigations, enforcement and collection and reasonable
attorneys’ fees and accountants’ fees). 
 “Management Agreement” has the meaning set forth in the Recitals. 

“Material Adverse Effect” means any event, circumstance, condition, change, development or effect that has had or would reasonably be
expected to have, individually or in the aggregate, (a) a material adverse effect on the business, or on the condition (financial or otherwise), results of operations or prospects of the Business of the GSRP Entities or (b) a material
adverse effect on the ability of the GSRP Parties to timely perform their obligations under this Agreement. 
 “Maximum Premium” has the
meaning set forth in Section 6.11(a). 
 “Member Approval” means a Majority in Interest (as that term is defined
in the GSRP LLC Agreement in effect as of the date of this Agreement) of the members of GSRP shall have approved or consented (which approval or consent may be obtained by a member’s failure to object in writing after fifteen (15) calendar
days’ notice of the Agreement, or such other time period as may be provided for by agreement between GSRP and such member) to the consummation of the Internalization Transactions. 

“Merger” has the meaning set forth in Section 9.04. 

“National Securities Exchange” means any nationally or globally recognized securities exchange. 

“Net Debt” means any obligation of the GSRP Entities under the definition of Indebtedness. 

“New D&O Insurance” has the meaning set forth in Section 6.11(b). 

“New Securities” has the meaning set forth in Section 10.01(a). 

“New York Courts” has the meaning set forth in Section 10.12(a). 

“Non-Compete Change of Control” means, in one or a series of related transactions, (i) any
“person” or “group” of related persons (as such terms are used in Section 13(d) of the Exchange Act) (other than the GSRP Parties and their Controlled Affiliates) is or becomes the Beneficial Owner, directly or indirectly,
of more than 50% of the total voting power of the equity of the Public Entity that is at the time 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 the board of directors (or similar governing body) of the Public Entity, or (ii) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of
merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the GSRP Parties and their Subsidiaries taken as a whole to any “person” (as such term is used in
Section 13(d) of the Exchange Act) other than the GSRP Parties and their Controlled Affiliates. 

“Non-Compete Period” has the meaning set forth in Section 6.03(b). 

 “Notes Purchase Agreement” means the Notes Purchase Agreement, dated January 30, 2020,
by and among GSRP Portfolio I LLC, a Delaware limited liability company, and the Purchasers listed in the Purchaser Schedule thereto. 

“OpCo” has the meaning set forth in the Preamble. 

“OpCo LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of OpCo dated February 9, 2018, as amended. 

“Order” means any judgment, order, decision, writ, injunction, ruling or decree of, or any settlement under the jurisdiction of, any
Governmental Authority. 
 “Organizational Documents” means the articles of incorporation or certificate of formation, bylaws or operating
agreement or other similar instruments of a Person. 
 “Outside Date” has the meaning set forth in
Section 8.01(b). 
 “Party” or “Parties” has the meaning set forth in the Preamble. 

“Permitted Business Sectors” has the meaning set forth in Section 6.01(l). 

“Permits” means all permits, licenses, registrations, agreements, waivers, authorizations, and other similar consents of a Governmental
Authority held, used or required to operate the business of the GSRP Entities. 
 “Person” means an individual, corporation, partnership,
association, trust, unincorporated organization, limited liability company, joint venture other entity or group (as defined in Section 12(d)(3) of the Exchange Act). 

“Pre-IPO Tax Returns” has the meaning set forth in Section 9.01. 

“Preemptive Rights Notice” has the meaning set forth in Section 10.01(c). 

“Preemptive Rights Purchaser” has the meaning set forth in Section 10.01(d). 

“Pre-IPO Issuance” has the meaning set forth in Section 9.04. 

“Privileged Information” has the meaning set forth in Section 6.15. 

“Public Entity” means following (i) a Traditional IPO or (ii) a SPAC Transaction or a Reverse Merger, the issuer whose common
equity is listed for trading on a National Securities Exchange immediately following closing of such transaction that was a party to, or created as a result of, such transaction. 

“PWM Clients” has the meaning set forth in Section 6.03(c). 

“QBI” has the meaning given to such term in Section 4.12 

 “QBI Agreement” means the Share Purchase Agreement of shares of QBI between OpCo and GSAM
Holdings dated on or about the date hereof. 
 “QBI Contracts” has the meaning given to such term in Section 4.12

 “Qualified Replacement Manager” has the meaning given to such term in the Notes Purchase Agreement. 

“Registration Statement” means the Registration Statement on Form S-1 confidentially submitted by
GSRP Holdings to the Securities and Exchange Commission on February 4, 2022 and all amendments and supplements thereto from time to time. 

“Regulation” means any rule, regulation, policy or interpretation of any Governmental Authority having the effect of Applicable Law. 

“Restricted Period” has the meaning set forth in Section 6.03(a). 

“Restricted Third Parties” has the meaning set forth in Section 6.03(b). 

“Reverse Merger” means any transaction or series of related transactions, however structured but excluding any SPAC Transaction, between one
or more of the GSRP Entities and a counterparty whose equity is listed on a National Securities Exchange, and where, as a result of and immediately following closing of such transaction, the equityholders of the GSRP Parties own a majority of the
issued and outstanding equity of the Public Entity. 
 “Sale” has the meaning set forth in the Amended OpCo LLC Agreement. 

“Securities Laws” means the Securities Act of 1933, the Exchange Act, state “blue sky” securities Applicable Laws and all similar
foreign securities Applicable Laws, and the rules and regulations promulgated thereunder. 
 “Senior Employee Restrictions” has the meaning
set forth in Section 6.03(b). 
 “Shared Privileges” has the meaning set forth in
Section 6.15(c). 
 “SIP” has the meaning set forth in Section 2.02(b). 

“SPAC Transaction” means any transaction or series of related transactions in which a “special purpose acquisition company” or
other “blank check” vehicle with common equity listed for trading on a National Securities Exchange and formed for the purpose of acquiring one or more businesses acquires or merges with or into a GSRP Entity in an initial business
combination, including an acquisition of such a vehicle by a GSRP Entity or an acquisition of a GSRP Entity by an entity formed by such a vehicle to act as a parent successor entity to such vehicle, irrespective of the form of transaction. 

“Special Interest Issuance” has the meaning set forth in Section 4.09. 

 “Subject Intellectual Property” means all intellectual property required for the GSRP
Entities to operate the Business in the ordinary course following the Closing Date, and for which GSAM or its Affiliates exclusively own all right, title and interest in and to such intellectual property and which was created, developed or procured
by GSAM or its Affiliates for the primary purpose of the GSRP Entities’ use. 
 “Subsidiary” of any Person means any corporation,
partnership, joint venture, limited liability company, trust, unincorporated organization, association or other legal entity of which such Person (i) owns, directly or indirectly, greater than 50% of the stock or other equity interests the
holder of which is generally entitled to vote as a general partner or for the election of the board of directors or managers or other governing body of a corporation, partnership, joint venture, limited liability company, trust, unincorporated
organization, association or other legal entity or (ii) has any arrangement, understanding or agreements entitling such Person to vote as a general partner or for the election of a majority of the board of directors or managers or other
governing body of a corporation, partnership, joint venture, limited liability company, trust, unincorporated organization, association or other legal entity. 

“Tax Return” means returns, reports, forms and information statements, including any schedule or attachment thereto and any amendment
thereof, with respect to Taxes required to be filed with the U.S. Internal Revenue Service or any other Governmental Authority or taxing authority or agency, domestic, state, local or foreign, including separate, consolidated, combined and unitary
tax returns. 
 “Tax” or “Taxes” means taxes, duties, fees, premiums, assessments, imposts, levies and other similar
charges in the nature of a tax imposed by any federal, state, county, local or foreign Governmental Authority, including, but not limited to, those on or measured by or referred to as income, franchise, profits, gross receipts, goods and services,
capital, ad valorem, advance, corporation, alternative or add-on minimum taxes, estimated, environmental, disability, registration, value added, sales, use, service, real or personal property, capital
stock, license, payroll, withholding, employment, social security, workers’ compensation, unemployment compensation, utility, severance, production, excise, stamp, occupation, premiums, windfall profits, transfer and gains taxes, custom duties,
and interest, penalties and additions to tax imposed with respect to any of the foregoing. 
 “Tenant” has the meaning set forth in
Section 2.06. 
 “Traditional IPO” means the sale, in a firm commitment underwritten public offering pursuant to
an effective registration statement under the Securities Act, of GSRP Holdings equity interests (or other equity securities of GSRP Holdings or an IPO Entity) pursuant to which such equity interests (or other equity securities) are listed on any
nationally or globally recognized securities exchange. 
 “Transferring Employees” has the meaning set forth in
Section 2.02(b). 
 “Triggering Event” has the meaning set forth in Section 10.01(a).

 “TSA” has the meaning set forth in the Recitals. 

“Valuation Dispute Procedures” means the rules set forth on Exhibit H. 

 “Yoder” has the meaning set forth in Section 2.01. 

 Exhibit B 

AMENDED GSRP LLC AGREEMENT 

[See attachment] 

 Exhibit C 

AMENDED OPCO LLC AGREEMENT 

[See attachment] 

 Exhibit D 

FORM OF TRANSITION SERVICES AGREEMENT 

[See attachment] 

 Exhibit E 

FORM OF LEASE ASSIGNMENT AGREEMENT 

[See attachment] 

 Exhibit F 

FORM OF BOARD OBSERVER AGREEMENT 

[See attachment] 

 Exhibit G 

FORM OF REGISTRATION RIGHTS AGREEMENT 

[See attachment]

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