Document:

ex10-1.htm

 Exhibit 10.1

 

Page | 1

November 29, 2011

	  
	
Investor

	  

Re:           Private Offering (the “Offering”) by MedLink International Inc. (the “Company”) to Selected Investors (each, an “Investor”) pursuant to the Company’s Subscription Agreement dated as of November 24, 2010 (the “Subscription Agreement”) of (a) up to an aggregate $1,250,000 of a 10% Senior Secured Convertible Debenture (the “Note” or “Notes”) of the Company and (b) (i) Series A.1 Common Stock Purchase Warrants (the “Series A1 Warrants”) and (ii) Series A.2 Common Stock Purchase Warrants (the “Series A2 Warrants” and together with the Series A1 Warrants, the “Warrants”).

Dear Sir,

Reference is made to the Subscription Agreement and the closing(s) that took place thereunder on November 26, 2010.  At the applicable closing (each, a “Closing”), you were issued a Note and the Warrants and entered into that certain Security Agreement with the Company (the “Security Agreement”) pursuant to which the obligations of the Company which are due and owing to you are secured by a valid and enforceable first priority lien and security interest against all of the assets of the Company.  Any capitalized term not otherwise defined in this agreement (this “Agreement”) shall have their respective meanings set forth in the Subscription Agreement.

 

Except as expressly modified by this Agreement, (a) the Company hereby acknowledges, confirms and ratifies all of the terms and conditions set forth in, and all of its obligations under, the Subscription Agreement, the Note, Security Agreement and all other agreements entered into in connection therewith (the “Transaction Documents”), which documents are the legal, valid and binding obligations of the Company and are incorporated herein by this reference as if set forth in full herein and nothing in this Agreement shall extend to or affect in any way any of the obligations of the Company arising under the Transaction Documents.

 

The Company acknowledges and agrees that as of the date hereof, the aggregate indebtedness (the “Indebtedness”) due under your Notes, as of November 17, 2011, is not less than $_______ in the aggregate plus accruing interest, fees and other amounts due thereunder.  The Company represents and agrees that the Indebtedness is secured by valid and enforceable first priority lien and security interest against the Collateral (as defined in the Security Agreement), and that it has no offset, defense, counterclaim, dispute or disagreement of any kind or nature whatsoever with respect to the liability or amount of such foregoing Indebtedness or the liens and security interests securing such Indebtedness.  The Company hereby acknowledges and agrees that certain defaults have occurred and are continuing, including, without limitation, the covenants to remain current with its reporting and filing obligations under the Securities and Exchange Act of 1934, as amended (the “34 Act”), each of which constitutes an Event of Default under the Notes and entitles you to accrue interest at the default rate of interest and to exercise your rights and remedies under the Notes, applicable law or otherwise.  You have not waived, presently do not intend to waive and may never waive such existing defaults and nothing contained herein or the transactions contemplated hereby shall be deemed to constitute any such waiver.  The Company hereby acknowledges and agrees that you have the right to declare the Indebtedness to be immediately due and payable.  Additionally, as a consequence of such Events of Default, you have suffered monetary damages.

 

150 Motor Parkway, Suite 401  |  Hauppauge, NY 11788  | Tel: (877) 781-3003  |  Fax: (888) 228-3578

www.medlinkus.com

 

  

  

  

 

Page | 2 

 

This Letter Agreement is one of a series of substantially similar letter agreements executed by the Company and Investors.

 

In reliance upon the representations, warranties and covenants of the Company contained in this Agreement, and subject to the following termination provisions, you agree to forbear from exercising your rights and remedies:

 

	
(i)  

	
Your obligation to forbear hereunder shall terminate (the “Termination”) on the earlier of (i) the date, if any, on which a petition for relief under the United States Bankruptcy Code or any similar state law is filed by or against the Company, (ii) the date that the Company defaults under any of the terms and conditions of this Agreement, (iii) the date that the Company subsequently breaches any covenant under the Transaction Documents or (iv) the date this Agreement is otherwise terminated or expires;

	
(ii)  

	
Upon Termination, the agreement of Holders to forbear shall automatically and without further notice or action terminate and be of no force and effect, it being understood and agreed that the effect of such Termination will be to permit Holders to exercise such rights and remedies hereunder, under the Transaction Documents, or applicable law, immediately without any further notice, passage of time or forbearance of any kind;

	
(iii)  

	
The Company agrees that all of the Indebtedness shall, if not sooner paid, be absolutely and unconditionally due and payable in full in cash or other immediately available funds by the Company and the Holders on the Termination; and

	
(iv)  

	
Concurrently with the execution of this Agreement, the Company shall have delivered to you a duly executed and completed Confession of Judgment pursuant to New York Procedures (CPLR 3218) which, upon Termination, shall become immediately effective for use by you.

A.           the Company hereby agrees to the following amendments and modifications to the Transaction Documents:

 

To amend Notes with the following terms:

 

	
(i)  

	
Conversion Price of $0.06 per share, subject to adjustment therein;

	
(ii)  

	
First interest payment after the date hereof is due December 15, 2011, with a 10-day grace period from that due date;

	
(iii)  

	
Section A.2 is hereby deleted and replaced with “[RESERVED]”.  All principal and interest shall be paid in full on the Maturity Date.

	
(iv)  

	
Basic interest rate to remain at 10% per annum;

	
(v)  

	
Prepayment premium payable pursuant to Section 2.4 of the Note shall increase over time as follows:

	
  

	
a.

	
If the Note is prepaid on or before December 31, 2011, then the Note may be paid off for an amount equal to (1) principal amount outstanding, (2) accrued and unpaid interest and (3) any other amounts or liquidated damages then owing under the Note (1-3 collectively, “Par”);

 

150 Motor Parkway, Suite 401  |  Hauppauge, NY 11788  | Tel: (877) 781-3003  |  Fax: (888) 228-3578

www.medlinkus.com

 

  

  

  

 

Page | 3 

 

	
  

	
b.

	
If the Note is prepaid after December 31, 2011 but on or before February 15, 2012, then the Note may be paid off at 107% of Par; and

	
  

	
c.

	
If the Note is prepaid after February 15, 2012, then the Note may be paid off at 115% of Par;

	
(vi)  

	
In the event of a default by Company pursuant to the terms of the Note, this Letter Agreement or any of the Transaction Documents, in addition to the other provisions contained in the Note or this Agreement, including, without limitation, Termination (as defined below) and the imposition of a Default Interest, the Conversion Price shall be the lesser of (a) $0.06, subject to adjustment thereunder (the “Set Price”) and (b) 75% of the lowest three closing prices of the Company’s common stock over the 20 Trading Days immediately prior to the applicable Conversion Date.  For purposes of Section 2.1(c), the term “Conversion Price” shall be deemed to mean “Set Price”.

 

B.           To amend the Warrants to reflect:

 

(i)           An Exercise Price for the Warrant Shares of $0.17 per share, subject to adjustment therein;

(ii)          The Expiration Date shall be extended to five years from the date hereof; and

	
  

	
(iii)

	
The Company shall issue you a new Common Stock Purchase Warrant, with an exercise price equal to $0.30, subject to adjustment therein and a term of exercise equal to 5 years, which Warrant shall be in the form of the Warrants, and which warrant shall give you the right to purchase up to a number of shares of Common Stock equal to ________, subject to adjustment thereunder.

C.           The Company covenants to duly prepare and file with the SEC its Annual Report on Form 10-K for the period December 31, 2010 by no later than December 31, 2011.

 

D.           The Company covenants to duly prepare and file with the SEC its Quarterly Reports on Form 10-Q for the periods ended March 31, 2011; June 30, 2011; and September 30, 2011 by no later than January 30, 2012.

 

E.           Commencing 90 days after the date hereof, the Company shall, within 30 days of demand by Investors holding rights to at least 100,000 Conversion Shares and/or 100,000 Warrant Shares, use its best efforts to prepare, file and cause to become effective and cause to remain effective a registration statement for the Investors’ Conversion Shares and/or Warrant Shares, provided, however, no such registration statement shall be required to be filed by the Company in the event all the Conversion Shares and/or Warrant Shares (assuming cashless exercise and only if cashless exercise is available) are eligible to be sold under Rule 144 without restriction. The registration statement shall remain effective so long as there are any unsold Conversion Shares and/or Warrant Shares subject to the registration statement, or, if earlier, all such shares are eligible to be sold under Rule 144 without restriction;

 

150 Motor Parkway, Suite 401  |  Hauppauge, NY 11788  | Tel: (877) 781-3003  |  Fax: (888) 228-3578

www.medlinkus.com

 

  

  

  

 

Page | 4 

 

F.           The Company covenants to remain current with its reporting obligations under the ’34 Act during the term of the Warrants and the additional warrants.

 

G.           Investor acknowledges that the Company has not filed its Form 10-K for the year ended December 31, 2010 with audited financial statements included therein (“2010 10-K”) and that Investor should not rely on any information contained in the 2010 10-K in making any investment decisions related to the Company’s securities and should not enter into this Letter Agreement based on any information contained in the 2010 10-K.  Investor further acknowledges that the Company has not made any of its quarterly filings on Form 10-Q for the quarters ended March 31, 2011, June 30, 2011 and September 30, 2011 and therefore Investor does not have current information related to the Company upon which to base its decision to enter into this Letter Agreement.

 

H.          The Company hereby acknowledges and agrees that it has no offsets, defenses, claims, or counterclaims against you, or your respective officers, directors, employees, members, managers, affiliates, attorneys, representatives, predecessors, successors, or assigns with respect to the Indebtedness, or otherwise, and that if the Company now has, or ever did have, any such offsets, defenses, claims, or counterclaims against you, or your Holders’ respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, or assigns, whether known or unknown, at law or in equity, from the beginning of the world through this date and through the time of execution of this Agreement, all of them are hereby expressly WAIVED, and the Company hereby RELEASES you and your respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, and assigns from any liability therefor.

 

I.            In consideration of your agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company on behalf of itself and its successors, assigns, heirs, executor, administrator and other legal representatives, hereby, jointly and severally, absolutely, unconditionally and irrevocably releases, remises and forever discharges you and your successors and assigns, and their respective present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, members, managers, agents and other representatives (all such other parties being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which the Company, or any of its officers, directors, employees, successors, assigns, heirs, executor, administrator or other legal representatives, as the case may be, may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any nature, cause or thing whatsoever which arises at any time on or prior to the day and date of this Agreement, for or on account of, or in relation to, or in any way in connection with the Agreements, as amended and supplemented through the date hereof.

 

J.           The Company, on behalf of itself and its successors, shareholders, assigns, heirs, executor, administrator and other legal representatives, hereby jointly and severally, absolutely, unconditionally and irrevocably, covenants and agrees with each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any Releasee on the basis of any claim released, remised and discharged by the Company.  If the Company or any party on its behalf violates the foregoing covenant, the Company agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all attorneys’ fees and costs incurred by any Releasee as a result of such violation.

 

150 Motor Parkway, Suite 401  |  Hauppauge, NY 11788  | Tel: (877) 781-3003  |  Fax: (888) 228-3578

www.medlinkus.com

 

  

  

  

 

Page | 5 

 

K.           The Company makes the following additional representations and warranties with respect to this Agreement:

	
  

	
(i)

	
Power and Authority.  The Company has all requisite corporate power and authority to enter into this Agreement and to carry out the transactions contemplated by, and perform its obligations hereunder.

	
  

	
(ii)

	
Authorization of Agreements.  The execution and delivery of this Agreement by the Company and the performance hereunder have been duly authorized by all necessary action, and this Agreement has been duly executed and delivered by the Company.

	
(iii)  

	
Enforceability.  This Agreement constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms.

	
(iv)  

	
No Violation or Conflict.  The execution and delivery by the Company of this Agreement and the performance by the Company hereunder do not and will not (i) contravene, in any respect, any provision of any law, regulation, decree, ruling, judgment or order that is applicable to the Borrowers or their properties or other assets, or (ii) result in a breach of or constitute a default under the charter, bylaws or other organizational documents of the Company or any material agreement, indenture, lease or instrument binding upon the Company or its properties or other assets.

	
(v)  

	
Governmental Consents.  No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, delivery and performance by the Company of this Agreement.

If the foregoing reflects Investor’s understanding, kindly execute a copy of this Letter Agreement in the space provided and once the foregoing has been accomplished, either e-mail or fax the signed copy to my attention.

 

	 	Very truly yours,
	 	 
	Read, accepted, and agreed to:	/s/ Ray Vuono
	 	Ray Vuono
	 	Chief Executive Officer

	 	 
	
Name:

	  
	
 Title:

	  

 

150 Motor Parkway, Suite 401  |  Hauppauge, NY 11788  | Tel: (877) 781-3003  |  Fax: (888) 228-3578

www.medlinkus.comFive Year Revolving Credit Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 U.S. $1,000,000,000 

FIVE YEAR REVOLVING CREDIT AGREEMENT 
 Dated as of December 2, 2011 
 Among 

KBR, INC. 
 as
Borrower, 
 THE ISSUING BANKS NAMED HEREIN 
 as Issuing Banks, 
 THE BANKS NAMED HEREIN 

as Banks, 

CITIBANK, N.A. 

as Administrative Agent, 
 THE ROYAL BANK OF SCOTLAND PLC 
 as Syndication Agent, 

ING BANK, N.V. and 

THE BANK OF NOVA SCOTIA 
 as Co-Documentation Agents 
 Joint Lead Arrangers and Joint Bookrunners:

 CITIGROUP GLOBAL MARKETS INC. 
 RBS SECURITIES INC., 
 ING BANK, N.V. and 

THE BANK OF NOVA SCOTIA 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	Article I	  			
	DEFINITIONS AND ACCOUNTING TERMS	  			
			
	 Section 1.01
	 	Certain Defined Terms	  	 	1	  
	 Section 1.02
	 	Computation of Time Periods	  	 	21	  
	 Section 1.03
	 	Accounting Terms; GAAP	  	 	21	  
	 Section 1.04
	 	Miscellaneous	  	 	22	  
	 Section 1.05
	 	Ratings	  	 	22	  
	 Section 1.06
	 	Exchange Rate	  	 	22	  
		
	Article II	  			
	AMOUNTS AND TERMS OF THE REVOLVING CREDIT ADVANCES	  			
			
	 Section 2.01
	 	The Revolving Credit Advances	  	 	23	  
	 Section 2.02
	 	Making the Revolving Credit Advances	  	 	24	  
	 Section 2.03
	 	Issuance of and Drawings and Reimbursement Under Letters of Credit	  	 	26	  
	 Section 2.04
	 	Fees	  	 	29	  
	 Section 2.05
	 	Reduction of Commitments	  	 	30	  
	 Section 2.06
	 	Repayment of Advances; Required Cash Collateral	  	 	30	  
	 Section 2.07
	 	Interest	  	 	32	  
	 Section 2.08
	 	Additional Interest on Eurodollar Rate Advances	  	 	33	  
	 Section 2.09
	 	Interest Rate Determination	  	 	33	  
	 Section 2.10
	 	Optional Prepayments	  	 	34	  
	 Section 2.11
	 	Payments and Computations	  	 	34	  
	 Section 2.12
	 	Compensation for Losses	  	 	35	  
	 Section 2.13
	 	Increased Costs and Capital Requirements	  	 	36	  
	 Section 2.14
	 	Taxes	  	 	37	  
	 Section 2.15
	 	Sharing of Payments, Etc.	  	 	39	  
	 Section 2.16
	 	Illegality	  	 	40	  
	 Section 2.17
	 	Conversion of Advances	  	 	41	  
	 Section 2.18
	 	Replacement of Bank	  	 	41	  
	 Section 2.19
	 	Evidence of Indebtedness	  	 	42	  
	 Section 2.20
	 	 Increase in the Aggregate Revolving Credit Commitments; Increase in Letter of Credit Commitment
	  	 	42	  
	 Section 2.21
	 	Defaulting Lenders	  	 	44	  
		
	Article III	  			
	CONDITIONS OF LENDING	  			
			
	 Section 3.01
	 	Conditions Precedent to Effectiveness	  	 	46	  
	 Section 3.02
	 	 Conditions Precedent to Each Revolving Credit Advance, Each Commitment Increase and Each Issuance, Renewal, Amendment,
Increase and Extension of Each Letter of Credit
	  	 	47	  
	 Section 3.03
	 	Determinations Under Section 3.01	  	 	48	  
		
	Article IV	  			
	REPRESENTATIONS AND WARRANTIES	  			
			
	 Section 4.01
	 	Representations and Warranties of the Borrower	  	 	49	  

  
 i 

							
	Article V	  			
	COVENANTS OF THE BORROWER	  			
			
	 Section 5.01
	 	Affirmative Covenants	  	 	54	  
	 Section 5.02
	 	Negative Covenants	  	 	58	  
	 Section 5.03
	 	Financial Covenants	  	 	64	  
		
	Article VI	  			
	EVENTS OF DEFAULT	  			
			
	 Section 6.01
	 	Events of Default	  	 	65	  
	 Section 6.02
	 	Actions in Respect of the Letters of Credit upon Default	  	 	67	  
	 Section 6.03
	 	Application of Funds	  	 	67	  
		
	Article VII	  			
	THE ADMINISTRATIVE AGENT	  			
			
	 Section 7.01
	 	Appointment and Authority	  	 	68	  
	 Section 7.02
	 	Duties of Administrative Agent; Exculpatory Provisions	  	 	68	  
	 Section 7.03
	 	Reliance by Administrative Agent	  	 	69	  
	 Section 7.04
	 	Rights as a Bank	  	 	69	  
	 Section 7.05
	 	Bank Credit Decision	  	 	71	  
	 Section 7.06
	 	Delegation of Duties	  	 	71	  
	 Section 7.07
	 	Resignation; Removal of Administrative Agent	  	 	72	  
	 Section 7.08
	 	Joint Lead Arrangers, Joint Bookrunners, Syndication Agent, Documentation Agents	  	 	73	  
	 Section 7.09
	 	Guarantee Matters	  	 	73	  
	 Section 7.10
	 	Administrative Agent May File Proofs of Claim	  	 	73	  
		
	Article VIII	  			
	MISCELLANEOUS	  			
			
	 Section 8.01
	 	Amendments, Etc.	  	 	74	  
	 Section 8.02
	 	Notices, Etc.	  	 	75	  
	 Section 8.03
	 	No Waiver; Remedies; Enforcement	  	 	78	  
	 Section 8.04
	 	Expenses and Taxes; Compensation; Indemnification	  	 	79	  
	 Section 8.05
	 	Right of Setoff	  	 	80	  
	 Section 8.06
	 	Limitation and Adjustment of Interest	  	 	80	  
	 Section 8.07
	 	Binding Effect	  	 	81	  
	 Section 8.08
	 	Assignments and Participations	  	 	82	  
	 Section 8.09
	 	No Liability of Issuing Banks	  	 	85	  
	 Section 8.10
	 	Counterparts; Integration, Effectiveness; Electronic Execution	  	 	86	  
	 Section 8.11
	 	Judgment	  	 	86	  
	 Section 8.12
	 	Governing Law	  	 	87	  
	 Section 8.13
	 	Jurisdiction; Damages	  	 	87	  
	 Section 8.14
	 	Confidentiality	  	 	88	  
	 Section 8.15
	 	Patriot Act Notice	  	 	90	  
	 Section 8.16
	 	Waiver of Jury Trial	  	 	90	  
	 Section 8.17
	 	Substitution of Currency	  	 	91	  
	 Section 8.18
	 	Certain Matters with Respect to Existing Credit Agreement	  	 	91	  

  
 ii 

 SCHEDULES 
  

							
	 Schedule I
	 	 	-	  	  	Commitments
	 Schedule II
	 	 	-	  	  	Existing Letters of Credit
	 Schedule III
	 	 	-	  	  	Subsidiary Guarantors
	 Schedule IV
	 	 	-	  	  	Issuing Bank Information
	 Schedule 4.01(b)
	 	 	-	  	  	Loan Parties, Subsidiaries and Project Finance Subsidiaries
	 Schedule 5.02(a)(i)
	 	 	-	  	  	Existing Liens
	 Schedule 5.02(b)(ii)
	 	 	-	  	  	Existing Debt

 EXHIBITS 
  

							
	 Exhibit A
	 	 	-	  	  	Form of Note
	 Exhibit B-1
	 	 	-	  	  	Form of Notice of Revolving Credit Borrowing
	 Exhibit B-2
	 	 	-	  	  	Form of Notice of Issuance and Application for Letter of Credit
	 Exhibit C
	 	 	-	  	  	Form of Guarantee
	 Exhibit D
	 	 	-	  	  	Form of Assignment and Acceptance

  
 iii

 FIVE YEAR REVOLVING CREDIT AGREEMENT 

Dated as of December 2, 2011 
 KBR, Inc., a Delaware corporation (the “Borrower”), the lenders party hereto, the Issuing Banks party hereto, and Citibank, N.A., a national banking association
(“Citibank”), as Administrative Agent hereunder, agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 
 Section 1.01 Certain Defined Terms. As used in this Agreement, the terms “Borrower” and “Citibank” shall have the meanings set forth above and the following terms shall
have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Administrative Agent” means Citibank in its capacity as administrative agent and any successor in such capacity pursuant to Section 7.07. 

“Administrative Questionnaire” means an Administrative Questionnaire in the form approved by the Administrative
Agent. 
 “Advance” means a Revolving Credit Advance under Section 2.01 or a Letter
of Credit Advance under Section 2.03 and refers to a Base Rate Advance or a Eurodollar Rate Advance (each, a “Type” of Advance). 
 “Affected Bank” has the meaning specified in Section 2.16. 
 “Affiliate” means, as to any Person, any other Person that, directly or indirectly, Controls, is Controlled by or is under common Control with such Person. 

“Agent Parties” has the meaning specified in Section 8.02(c). 

“Agent’s Account” means the account of the Administrative Agent maintained by the Administrative Agent with
Citibank at its office at 2 Penns Way, Suite 200, New Castle, Delaware 19720, Account No. 36852248, Attention: KBR Account Officer, or such other account as the Administrative Agent shall specify in writing to the Banks. 

“Agreement” means this Five Year Revolving Credit Agreement dated as of the date hereof among the Borrower, the
Banks and the Administrative Agent, as amended from time to time in accordance with the terms hereof. 
 “Applicable
Lending Office” means, with respect to each Bank, (i) in the case of a Base Rate Advance, such Bank’s Domestic Lending Office, and (ii) in the case of a Eurodollar Rate Advance, such Bank’s Eurodollar Lending Office.

 “Applicable Margin” means the percentages per annum (stated in terms of basis points) set forth in
the table below, for any date of determination, with respect to the Type of Advance or Letter of Credit Fee that corresponds to the Pricing Level, as determined based upon the ratio of Consolidated Debt to Consolidated EBITDA determined as of the
last day of the immediately preceding fiscal quarter. 

  
 1 

							
	 Pricing
Level
	  	 Ratio of
Consolidated Debt
to
Consolidated
EBITDA
	  	Applicable Margin for
Eurodollar Rate Advances, and
Letters of Credit Fees	  	Applicable
Margin for Base
Rate Advances
	 1
	  	< 2.50:1	  	150.00	  	50.00
	 2
	  	> 2.50:1 but
< 3.00:1	  	162.50	  	62.50
	 3
	  	> 3.00:1	  	175.00	  	75.00

 Any increase or decrease in the Applicable Margin resulting from a change in the ratio of Consolidated Debt to
Consolidated EBITDA shall become effective as of the first Business Day immediately following the date of delivery of a compliance certificate pursuant to Section 5.01(d)(i) or Section 5.01(d)(ii);
provided, however, that if any such compliance certificate is not delivered when due in accordance with such Sections, then, upon the request of the Required Banks, Pricing Level 3 shall apply as of the first Business Day
after the date on which such compliance certificate was required to have been delivered and shall remain in effect until the date on which such compliance certificate is delivered. The Applicable Margin in effect on the Effective Date shall be based
on Pricing Level 1 until the first calculation date following the receipt by the Administrative Agent and the Banks of the financial information and related compliance certificate for the first fiscal quarter ending after the Effective Date.

 “Approved Electronic Communications” has the meaning set forth in Section 8.02(c).

 “Approved Electronic Platform” has the meaning specified in Section 8.02(c).

 “Approved Fund” means any Fund that is administered or managed by (a) a Bank, (b) an
Affiliate of a Bank or (c) an entity or an Affiliate of an entity that administers or manages a Bank. 

“Assignment and Acceptance” means an Assignment and Acceptance entered into by a Bank and an Eligible Assignee
(with the consent of any party whose consent is required by Section 8.08), and accepted by the Administrative Agent, in substantially the form of Exhibit D or any other form approved by the Administrative Agent.

 “Assuming Lender” has the meaning specified in Section 2.20. 

“Available Amount” of any Letter of Credit means, at any time, the Dollar Equivalent of the maximum amount
available to be drawn under such Letter of Credit at the time of such determination (assuming compliance at such time with all conditions to drawing); provided, however, that with respect to any Letter of Credit that by its terms or the terms of any
L/C Related Document, provides for one or more automatic increases in the maximum available amount thereof, the Available Amount of such Letter of Credit shall, for all purposes other than the calculation of fees under
Section 2.04(b), be deemed to be the maximum amount available to be drawn under such Letter of Credit after giving effect to all such increases, whether or not such maximum available amount is in effect at such time. 

“Banks” means the Issuing Banks and the other banks and other financial institutions party hereto from time to
time as lenders, including each Eligible Assignee that becomes a party hereto pursuant to Section 2.18, Section 8.08(a), Section 8.08(d) or Section 8.08(g). 

“Base Rate” means, for any day, a fluctuating interest rate per annum as shall be in effect on such day, which
rate per annum shall at all times be equal to the highest of (a) the rate of interest announced publicly by Reference Bank in New York, New York, from time to time, as Reference Bank’s base rate in

  
 2 

 
effect for such day, (b) the sum of  1/2 of 1% per annum plus the Federal Funds Rate in effect for such day, and (c) the sum of the Eurodollar Rate for an Interest Period of one month commencing on such day (and if such day is
not a Business Day, the immediately preceding Business Day) plus 1% per annum. 
 “Base Rate
Advance” means an Advance which bears interest as provided in Section 2.07(a). 

“Borrowing” means a borrowing consisting of Advances of the same Type made on the same day by the Banks pursuant
to Section 2.01 and, if such Advances are Eurodollar Rate Advances, having Interest Periods of the same duration. 
 “Business Day” means a day of the year on which banks are not required or authorized to close in New York City and, if the applicable Business Day relates to any Eurodollar Rate
Advance or a calculation of the Eurodollar Rate for the purpose of determining the Base Rate, on which dealings in Dollar deposits are carried on in the London interbank market. 

“Capitalized Leases” means leases that should be, in accordance with GAAP, recorded as capitalized leases.

 “Capitalized/Operating Leases” means leases that would have been classified as operating leases under
GAAP as in effect on the Effective Date but that are classified as Capitalized Leases because of changes in GAAP that take effect after the Effective Date. 
 “Cash Collateralize” means, in respect of an obligation, provide and pledge (as a first priority perfected security interest) cash collateral in Dollars, at a location and pursuant
to documentation in form and substance reasonably satisfactory to the Administrative Agent and each applicable Issuing Bank (and “Cash Collateral” and “Cash Collateralization” have corresponding
meanings). 
 “Cash Equivalents” means 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of
America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of acquisition thereof; 

(b) marketable direct obligations issued by any state of the United States or any political subdivision of any such state or any public
instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, the highest rating obtainable from either S&P or Moody’s; 

(c) commercial paper maturing no more than one year from the date of creation thereof and having, at the time of the acquisition thereof,
a rating of at least A-1 from S&P or at least P-1 from Moody’s; 
 (d) certificates of deposit or bankers’
acceptances maturing within one year after such date and issued or accepted by any Bank or by any commercial bank organized under the laws of the United States, any state thereof, the District of Columbia or any foreign country recognized by
the United States that (a) is at least “adequately capitalized” (as defined in the regulations of its primary Federal banking regulator), (b) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000
(or the Foreign Currency Equivalent thereof) and (c) has outstanding debt which is rated “A” (or such similar equivalent rating) or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436
under the Securities Act); 

  
 3 

 (e) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (d) above; 

(f) money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a 7 under the
Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and 
 (g) substantially similar investments denominated in foreign currencies (including similarly capitalized foreign banks). 
 “CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information System maintained by the U.S. Environmental Protection Agency. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the
adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or
(c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means the
occurrence of any of the following: (a) any Person or two or more Persons acting in concert shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act
of 1934), directly or indirectly, of Voting Interests of the Borrower (or other securities convertible into such Voting Interests) representing 25% or more of the combined voting power of all Voting Interests of the Borrower or (b) during any
period of 24 consecutive months, the Continuing Directors shall cease for any reason (other than death or disability) to constitute a majority of the board of directors of the Borrower. 

“Clinton Property” means the real property owned by the Borrower located at 4100 Clinton Drive, Texas together
with the real property owned by the Borrower adjacent thereto. 
 “Code” means the Internal Revenue Code
of 1986, as amended, or any successor Federal tax code, and the regulations promulgated and rulings issued thereunder, in each case as now or hereafter in effect, and any reference to any statutory provision shall be deemed to be a reference to any
successor provision or provisions. 
 “Commercial Letter of Credit” means a letter of credit qualifying
as a “commercial letter of credit” under 12 C.F.R. Part 3, Appendix A, Section 3(b)(3)(i) or any successor U.S. Comptroller of the Currency regulation. 

“Commitment” means a Revolving Credit Commitment or a Letter of Credit Commitment. 

“Commitment Date” has the meaning specified in Section 2.20. 

“Commitment Fee” has the meaning specified in Section 2.04(a). 

  
 4 

 “Commitment Increase” has the meaning specified in
Section 2.20. 
 “Committed Foreign Currencies” means, collectively, the lawful
currency of the United Kingdom of Great Britain and Northern Ireland, the lawful currency of Japan and Euros. 

“Communications” has the meaning specified in Section 8.02(c). 

“Consolidated Debt” means at any time, without duplication, the Indebtedness of the Borrower and its consolidated
Subsidiaries calculated on a consolidated basis as of such time excluding Project Finance Subsidiaries and Permitted Non-Recourse Indebtedness. 
 “Consolidated EBITDA” means, for any period, for the Borrower and its consolidated Subsidiaries (excluding Project Finance Subsidiaries) on a consolidated basis, an amount equal to
the sum of (a) Consolidated Net Income Attributable to Borrower for such period plus (b) the following to the extent deducted in calculating such Consolidated Net Income Attributable to Borrower: (i) Consolidated Interest
Charges for such period, (ii) income tax expenses, (iii) depreciation expense, (iv) amortization expense, (v) net income attributable to noncontrolling interests, (vi) charges related to restructuring, asset impairment or
other extraordinary items or related to non-cash estimate project losses (including non-extraordinary items), and (vii) charges indemnified or required to be indemnified by Halliburton Company, minus (c) cash payments related to
restructuring, asset impairment or other extraordinary items or related to non-cash estimate project losses (including non-extraordinary items) to the extent previously included in the computation of Consolidated EBITDA pursuant to clause
(a) of this definition (except to the extent indemnified or required to be indemnified by Halliburton Company); provided, however, that with respect to any Project Finance Subsidiary, any cash distribution made by such
Project Finance Subsidiary to the Borrower or any Subsidiary of the Borrower (other than any Project Finance Subsidiary) to the extent not previously included in the equity and earnings of such Person shall be included for purposes of calculation of
Consolidated EBITDA. For the purposes of determining Consolidated EBITDA for any period during which the purchase or other acquisition of Equity Interests or other property or assets of any Person is consummated, Consolidated EBITDA shall be
adjusted in a manner consistent with Regulation S-X promulgated under the Securities Act of 1933, as amended, or as reasonably satisfactory to the Administrative Agent, in each case, to give effect to the consummation of such purchase or acquisition
on a pro forma basis in accordance with GAAP, as if such purchase or acquisition occurred on the first day of such period. To the extent that Capitalized/Operating Leases are excluded from Consolidated Debt, cash payments to the lessor associated
with such leases shall be treated as operating lease expense for purposes of calculating Consolidated EBITDA. 

“Consolidated Interest Charges” means, for any period, for the Borrower and its consolidated Subsidiaries on a
consolidated basis, the sum of all interest, premium payments, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the
extent treated as interest in accordance with GAAP, and all fees paid in respect of letters of credit, surety bonds and similar instruments. 
 “Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the net income of the Borrower and its Subsidiaries for that period.

 “Consolidated Net Income Attributable to Borrower” means, for any period, net income attributable to
the Borrower on a consolidated basis for that period. 
 “Consolidated Net Worth” means at any time the
total consolidated Shareholders’ Equity of the Borrower and its consolidated Subsidiaries calculated on a consolidated basis as of such time (excluding treasury stock), and, except as otherwise provided in Section 1.03(a),
determined in accordance with GAAP. 

  
 5 

 “Continuing Directors” means, during any period, the directors of
the Borrower on the first date of such period, and each other director if, in each case, such other director’s nomination for election to the board of directors of the Borrower is recommended by at least a majority of the then Continuing
Directors. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Convert”, “Conversion” and “Converted” each
refers to a conversion of Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type pursuant to Section 2.09, Section 2.16 or Section 2.17. 

“Customary Permitted Liens” means, with respect to any Person, any of the following Liens: 

(a) Liens with respect to the payment of taxes, assessments or governmental charges in each case that are not yet due or that are being
contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by GAAP; 

(b) Liens of landlords arising by statue or lease contracts entered into in the ordinary course, inchoate, statutory or construction
Liens and Liens of suppliers, mechanics, carriers, materialmen, warehousemen, producers, operators or workmen and other Liens imposed by law created in the ordinary course of business for amounts not yet overdue for a period of more than 60 days or
that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by GAAP; 

(c) Liens, pledges or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment
insurance or other types of social security benefits, other than Liens imposed by ERISA; 
 (d) encumbrances arising by reason
of zoning restrictions, easements, licenses, reservations, covenants, rights-of-way, utility easements, building restrictions and other similar encumbrances on the use of real property not materially detracting from the value of such real property
and not materially interfering with the ordinary conduct of the business conducted at such real property; 
 (e) encumbrances
arising under leases or subleases of real property that do not, individually or in the aggregate, materially detract from the value of such real property or materially interfere with the ordinary conduct of the business conducted at such real
property; and 
 (f) financing statements with respect to a lessor’s rights in and to personal property leased to such
Person in the ordinary course of such Person’s business. 
 “Debtor Relief Laws” means the
Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of
the United States or other applicable jurisdictions from time to time in effect. 

  
 6 

 “Default” means any event or condition which with notice or lapse of
time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means, at
any time, subject to Section 2.21(h), (i) any Bank that has failed for three or more Business Days to comply with its obligations under this Agreement to make an Advance and/or make a payment to any Issuing Bank in respect of
a Letter of Credit Advance or make any other payment due hereunder (each a “funding obligation”) unless such Bank has notified the Administrative Agent and the Borrower in writing that such failure is the result of such
Bank’s determination that one or more conditions precedent to funding has not been satisfied (each of which conditions precedent, together with the applicable Default, if any, shall be specifically identified in such writing), (ii) any
Bank that has notified the Administrative Agent, the Borrower or any Issuing Bank in writing or has stated publicly, that it does not intend to comply with its funding obligation hereunder, unless such writing or statement states that such position
is based on such Bank’s determination that one or more conditions precedent to funding cannot be satisfied (each of which conditions precedent, together with the applicable Default, if any, shall be specifically identified in such writing or
public statement), (iii) any Bank that has defaulted generally on its funding obligations under other loan agreements, credit agreements or similar financing agreements, (iv) any Bank that has, for five or more Business Days, failed to
confirm in writing to the Administrative Agent and the Borrower, in response to a written request of the Administrative Agent or the Borrower, that it will comply with its prospective funding obligations hereunder (provided that such Bank will cease
to be a Defaulting Lender pursuant to this clause (iv) upon the Administrative Agent’s and the Borrower’s receipt of such written confirmation), or (v) any Bank with respect to which a Lender Insolvency Event has
occurred and is continuing with respect to such Bank or its Parent Company (provided, in each case, that neither the reallocation of funding obligations provided for in Section 2.21(a) as a result of a Bank’s being a
Defaulting Lender nor the performance by Non-Defaulting Lenders of such reallocated funding obligations will by themselves cause the relevant Defaulting Lender to become a Non-Defaulting Lender). Any determination by the Administrative Agent that a
Bank is a Defaulting Lender under any of clauses (i) through (v) above will be conclusive and binding absent manifest error, and such Bank will be deemed to be a Defaulting Lender (subject to
Section 2.21(h)) upon notification of such determination by the Administrative Agent in good faith to the Borrower, the Issuing Banks and the Banks. 
 “Documentation Agent” means each of ING Bank N.V. and The Bank of Nova Scotia, solely in its capacity as co-documentation agent under this Agreement. 

“Dollar Equivalent” means, on any date, (i) in relation to an amount denominated in a currency other than
Dollars, the equivalent in Dollars determined by using the Spot Rate (determined as of such date, if such date is a Revaluation Date, or if such date is not a Revaluation Date, as of the most recent Revaluation Date) and (ii) in relation to an
amount denominated in Dollars, such amount. 
 “Dollars” and “$” means lawful
money of the United States of America. 
 “Domestic Lending Office” means, with respect to any Bank, the
office of such Bank specified as its “Domestic Lending Office” in its Administrative Questionnaire or in the Assignment and Acceptance pursuant to which it became a Bank, as applicable, or such other office of such Bank as such Bank may
from time to time specify to the Borrower and the Administrative Agent. 
 “Domestic Subsidiary” means
any Subsidiary incorporated or organized under the laws of a state of the United States or the District of Columbia. 

“Effective Date” has the meaning specified in Section 3.01. 

  
 7 

 “Eligible Assignee” means (i) any Bank, (ii) any Affiliate
of any Bank, (iii) an Approved Fund, and (iv) with the consent of the Administrative Agent and each Issuing Bank (which consent shall not be unreasonably withheld), and so long as no Event of Default under
Section 6.01(a) or Section 6.01(e) shall have occurred and be continuing, the Borrower (which consent shall not be unreasonably withheld), any other Person; provided, however, that no (x) Loan
Party or any Affiliate of any Loan Party, (y) Defaulting Lender or any Person who, upon becoming a Bank hereunder, would constitute a Defaulting Lender or a Subsidiary thereof, or (z) a natural Person, shall be an Eligible Assignee.

 “Environmental Action” means any action, suit, demand, demand letter, claim, notice of non compliance
or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, any Environmental Permit or Hazardous Material or arising from alleged injury or
threat to health, safety or the environment, including (a) by any Governmental Authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any Governmental Authority or third party for damages,
contribution, indemnification, cost recovery, compensation or injunctive relief. 
 “Environmental Law”
means any Federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order, writ, judgment, injunction, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment,
health, safety or natural resources, including those relating to the use, handling, transportation, treatment, storage, disposal, release or discharge of Hazardous Materials. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities),
of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment
or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement
pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Environmental
Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law. 
 “Equity Interests” means, with respect to any Person, shares of capital stock of (or other ownership or profit interests in) such Person, warrants, options or other rights for the
purchase or other acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests
in) such Person or warrants, rights or options for the purchase or other acquisition from such Person of such shares (or such other interests), and other ownership or profit interests in such Person (including partnership, member or trust interests
therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are authorized or otherwise existing on any date of determination. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the
regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person that is a
member of the Borrower’s controlled group, or under common control with the Borrower, within the meaning of Section 414(b), (c), (m) or (o) of the Code. 

  
 8 

 “ERISA Event” means (a) (i) the occurrence of a reportable
event, within the meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC, or (ii) the requirements of subsection (1) of
Section 4043(b) of ERISA (without regard to subsection (2) of such Section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in
paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (b) the application for a
minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan pursuant to Section 4041 or 4041A of ERISA; (d) the cessation of operations that is
treated as a withdrawal under Section 4062(e) of ERISA; (e) the withdrawal by the Borrower or any ERISA Affiliate from a Single Employer Plan or Multiple Employer Plan during a plan year for which it was a substantial employer, as
defined in Section 4001(a)(2) of ERISA; (f) (i) the incurrence by the Borrower or any ERISA Affiliate of any liability with respect to the complete or partial withdrawal by the Borrower or any ERISA Affiliate from a
Multiemployer Plan or (ii) the receipt by the Borrower or any ERISA Affiliate of notification that a Multiemployer Plan is in reorganization; (g) the imposition of any liability upon the Borrower or any ERISA Affiliate under Title IV of
ERISA other than for PBGC premiums due but not delinquent under Section 4007 of ERISA; (h) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered or critical status within the meaning of
Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (i) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any event or condition
described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan. 
 “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Federal Reserve Board, as in effect from time to time. 

“Eurodollar Lending Office” means, with respect to any Bank, the office of such Bank specified as its
“Eurodollar Lending Office” specified in its Administrative Questionnaire or in the Assignment and Acceptance pursuant to which it became a Bank, as applicable (or, if no such office is specified, its Domestic Lending Office), or such
other office of such Bank as such Bank may from time to time specify to the Borrower and the Administrative Agent. 

“Eurodollar Rate” means, for any Interest Period for each Eurodollar Rate Advance comprising part of the same
Borrowing, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters LIBOR01 Page (or any successor page) as the London interbank offered rate for deposits in Dollars at 11:00 A.M. (London time) two Business
Days before the first day of such Interest Period for a period equal to such Interest period (provided that, if for any reason such rate is not available, the term “Eurodollar Rate” shall mean, for any Interest Period for all
Eurodollar Rate Advances comprising part of the same Borrowing, an interest rate per annum (rounded upward to the nearest whole multiple of 1/100 of 1% per annum, if such rate per annum is not such a multiple) equal to the rate per annum at
which deposits in Dollars are offered by the principal office of Reference Bank in London, England to major banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an amount
substantially equal to Reference Bank’s Eurodollar Rate Advance comprising part of such Borrowing and for a period equal to such Interest Period). 
 “Eurodollar Rate Advance” means an Advance which bears interest as provided in Section 2.07(b). 

“Eurodollar Rate Reserve Percentage” of any Bank for any Interest Period for all Eurodollar Rate Advances
comprising part of the same borrowing means the reserve percentage applicable during 

  
 9 

 
such Interest Period (or if more than one such percentage shall be so applicable, the daily average of such percentages for those days in such Interest Period during which any such percentage
shall be so applicable) under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) for such Bank with respect
to liabilities or assets consisting of or including Eurocurrency Liabilities having a term equal to such Interest Period. 

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

“Excluded Taxes” means, with respect to the Administrative Agent, any Bank and any Issuing Bank or any other
recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes),
by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Bank, in which its Applicable Lending Office is located, (b) any
branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which the Borrower is located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the
Borrower under Section 2.18), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new lending office) or is attributable to such
Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 2.14(f), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.14(a) and (d) any U.S. federal withholding Taxes imposed under
FATCA. 
 “Existing Credit Agreement” means that certain Three Year Revolving Credit Agreement dated as
of November 3, 2009 among KBR, Inc., as borrower, Citibank, N.A., as administrative agent, the other agents therein named, the issuing banks named therein, and the lenders a party thereto, as amended. 

“Existing Debt” has the meaning specified in Section 5.02(b)(ii). 

“Existing Letters of Credit” means each of the letters of credit issued under the Existing Credit Agreement
outstanding on the Effective Date that are described on Schedule II hereto. 
 “Extended Letter of
Credit” has the meaning specified in Section 2.01(b). 
 “FASB ASC”
means the Accounting Standards Codification of the Financial Accounting Standards Board. 
 “FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official
interpretations thereof. 
 “Federal Funds Rate” means, for any day, a fluctuating interest rate per
annum equal for such day to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for
the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average rate quoted to Reference Bank for such day on such transactions as determined by the
Administrative Agent. 

  
 10 

 “Federal Reserve Board” means the Board of Governors of the Federal
Reserve System or any successor thereof. 
 “First Tier Domestic Subsidiary” means a First Tier
Subsidiary that is a Domestic Subsidiary. 
 “First Tier Subsidiary” means a direct Subsidiary of the
Borrower. 
 “Foreign Currency” means any lawful currency (other than Dollars). 

“Foreign Currency Equivalent” means at any time, with respect to any amount denominated in Dollars, the
equivalent amount thereof in the applicable Foreign Currency as determined on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Foreign Currency with Dollars. 

“Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign Currency. 

“Foreign Currency Letter of Credit Contingency Amount” means, at any time, an amount equal to 10% of the
aggregate Available Amount of all Foreign Currency Letters of Credit outstanding at such time. 
 “Foreign
Lender” means any Bank that is organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States of America, each State thereof and the
District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Fund” means any Person
(other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

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

“Gap Cash Collateral Amount” has the meaning set forth in the definition of “Unused Revolving Credit
Commitment”. 
 “Governing Body” means the board of directors or other body having the
power to direct or cause the direction of the management and policies of a Person that is a corporation, partnership, trust, joint venture, joint stock company, or limited liability company. 

“Governmental Authority” means the government of the United States of America or any other nation, or of any
political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guarantee” means the guarantee of the Subsidiary Guarantors substantially in the form of Exhibit C, together with each Guarantee Supplement delivered pursuant to
Section 5.01(j), in each case as amended, amended and restated, modified or otherwise supplemented. 

“Guarantee Supplement” has the meaning specified in Section 5.01(j). 

  
 11 

 “Guaranty Obligation” means, as to any Person, any obligation,
contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness of another Person in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect,
(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to
take-or-pay, or to maintain equity or other financial statement conditions or otherwise) or (b) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness of the payment thereof or to protect such
obligees against loss in respect thereof (in whole or in part); provided, however, that the term “Guaranty Obligation” shall not include endorsements of instruments for deposit or collection in the ordinary
course of business. 
 “Hazardous Materials” means (a) petroleum or petroleum products, by-products
or breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic or as a
pollutant or contaminant under any Environmental Law. 
 “Hedging Obligation” means an Obligation of the
Borrower or a Subsidiary entered into in the ordinary course of business pursuant to an interest rate swap, cap or collar agreement, interest rate future or option contract, currency swap agreement, currency future or option contract or other
hedging agreement. 
 “Increase Date” has the meaning specified in Section 2.20.

 “Increasing Lender” has the meaning specified in Section 2.20. 

“Indebtedness” means, for any Person and without duplication, (a) all obligations of such Person for
borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than trade accounts payable and other similar current obligations arising in the ordinary course of business), (c) all
obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (d) all contingent and non-contingent obligations of such Person in connection with letters of credit, bankers’ acceptances, bank guaranties,
and similar instruments (including, in the case of the Borrower, indemnification obligations of the Borrower to Halliburton Company, in respect of letters of credit) and all non-contingent reimbursement obligations in connection with surety bonds,
(e) all obligations of such Person under Capitalized Leases, (f) all Guaranty Obligations of such Person with respect to the obligations of another of a type described in clauses (a) through (e) above,
(g) all indebtedness referred to in clauses (a) through (e) above of another Person secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by)
any Lien on property (including accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness (provided that, for purposes of determining the amount of
Indebtedness of the type described in this clause, the amount of such Indebtedness shall be limited to the lesser of the fair market value of such asset or the amount of such Indebtedness), and (h) all Indebtedness referred to in clauses
(a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless
such Indebtedness is expressly made non-recourse to such Person; provided that as used in the definition of “Consolidated Debt” Indebtedness shall not include (i) contingent obligations under letter of credit
reimbursement agreements with respect to any Performance Letters of Credit and Commercial Letters of Credit, in each case, so long as such letters of credit remain undrawn, (ii) Hedging Obligations, (iii) contingent obligations with
respect to surety bonds, (iv) letters of credit, acceptances and bank guarantees to the extent collateralized with cash and/or Cash Equivalents, (v) Indebtedness in respect of Capitalized/Operating Leases to the extent that the outstanding
amount of any such Indebtedness does not exceed $850,000,000, provided that from and after the 

  
 12 

 
Investment Grade Rating Date this clause (v) shall cease to apply, and (vi) from and after the Investment Grade Rating Date, Indebtedness in respect of Capitalized/Operating Leases. For
the avoidance of doubt, in calculating the Consolidated Debt of the Borrower and its consolidated Subsidiaries, where one letter of credit, acceptance or bank guarantee is issued for the account of the Borrower or one of its Subsidiaries and which
supports another letter of credit, acceptance or bank guarantee of the Borrower or such Subsidiary, the related Indebtedness shall only be included once. 
 “Indemnified Party” has the meaning specified in Section 8.04(b). 
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Information Memorandum” means the document in the form approved by the Borrower concerning the Loan Parties and
their Subsidiaries which, at the Borrower’s request and on its behalf, was prepared in relation to this transaction and distributed by the Joint Lead Arrangers to selected financial institutions before the date of this Agreement. 

“Interest Period” means, for each Eurodollar Rate Advance comprising part of the same Borrowing, the period
commencing on the date of such Eurodollar Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending on the last day of the period selected by the Borrower pursuant to the provisions below and,
thereafter, with respect to Eurodollar Rate Advances, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower pursuant to the provisions below.
The duration of each such Interest Period shall be one, two, three or six months (or, as to any Interest Period, such other period as the Borrower and each of the Banks may agree to for such Interest Period), in each case as the Borrower may, upon
notice received by the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the first day of such Interest Period (or, as to any Interest Period, at such other time as the Borrower and the Banks may
agree to for such Interest Period), select; provided, however, that: 
 (a) Interest Periods commencing on the
same date for Advances comprising part of the same Borrowing shall be of the same duration; 
 (b) whenever the last day of any
Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such
Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; 
 (c) any Interest Period which begins on the last Business Day of the calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest
Period) shall end on the last Business Day of the calendar month in which it would have ended if there were a numerically corresponding day in such calendar month; and 
 (d) the Borrower may not select an Interest Period for any Advance if the last day of such Interest Period would be later than the date on which the Advances are then payable in full or if any Event of
Default shall have occurred and be continuing at the time of selection. 
 “Investment” in any Person
means any loan or advance to such Person, any purchase or other acquisition of any Equity Interests or Indebtedness or the assets comprising a division or business unit or a substantial part or all of the business of such Person, any capital
contribution to such Person or any other direct or indirect investment in such Person, including any acquisition by way of a merger or 

  
 13 

 
consolidation (or similar transaction) and any arrangement pursuant to which the investor incurs Indebtedness of the type referred to in clause (f) or (g) of
the definition of “Indebtedness” in respect of such Person. 
 “Investment Grade Rating Date”
means the first date, occurring after the Effective Date, on which the senior unsecured long-term debt of the Borrower is rated BBB- or better by S&P or Baa3 or better by Moody’s. 

“ISP” has the meaning specified in Section 2.03(g). 

“Issuing Bank” means each of (a) Citibank, The Royal Bank of Scotland plc, ING Bank, N.V., The Bank of Nova
Scotia, Bank of America, N.A. and Compass Bank in their capacities as initial issuing banks, (b) any other Bank that, by written agreement with the Borrower (and with the consent of the Administrative Agent not to be unreasonably withheld),
agrees to be an Issuing Bank, and (c) any Eligible Assignee to which a Letter of Credit Commitment has been assigned pursuant to Section 8.08 so long as each such Eligible Assignee expressly agrees to perform in accordance
with their terms all the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Administrative Agent of its Applicable Lending Office and the amount of its Letter of Credit Commitment
(which information shall be recorded by the Administrative Agent in the Register), for so long as such initial Issuing Bank or Eligible Assignee, as the case may be, shall have a Letter of Credit Commitment. An Issuing Bank may, with the prior
consent of the Borrower (not to be unreasonably withheld), arrange for one or more Letters of Credit to be issued by an Affiliate of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate solely with
respect to such Letters of Credit issued by such Affiliate; provided that such designation shall not result in or grant to such Affiliate the status or rights of a Bank pursuant to this Agreement. 

“Joint Lead Arrangers” means, collectively, Citigroup Global Markets Inc., RBS Securities Inc., ING Bank, N.V.
and The Bank of Nova Scotia. 
 “Joint Venture” means any Person (other than a Subsidiary of the
Borrower) in which the Borrower (including ownership through Subsidiaries) owns Equity Interests representing less than 100% of the Equity Interests of such Person. 
 “Joint Venture Debt” has the meaning specified in Section 5.02(a)(vi). 
 “JV Subsidiary” means each Subsidiary of the Borrower (a) that directly holds an Equity Interest in any Joint Venture and (b) that has no other material assets.

 “L/C Cash Collateral Account” means the letters of credit cash collateral deposit account, Account
No. 30618602, with Citibank, as securities intermediary and depository bank, at its office at One Penns Way, 2nd Floor, New Castle, Delaware 19720, in the name of the Borrower but under the sole control and dominion of the Administrative Agent
and subject to the terms of this Agreement, or such other account as the Administrative Agent shall specify in writing to the Borrower and the Banks. 
 “L/C Exposure” means, at any time and without duplication, the sum of (a) the Available Amount of all outstanding Letters of Credit plus (b) the aggregate unpaid
reimbursement obligations of the Borrower in respect of drawings of drafts under any Letter of Credit made by a Letter of Credit beneficiary, including all unpaid Letter of Credit Advances. For all purposes of this Agreement, if on any date of
determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining
available to be drawn. 

  
 14 

 “L/C Related Documents” has the meaning specified in
Section 2.06(b)(iii)(A). 
 “Lender Insolvency Event” means that (i) a Bank or
its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (ii) such
Bank or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Bank or its Parent
Company or such Bank or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment; provided, that a Bank shall not become a Defaulting Lender solely as the
result of the acquisition or maintenance of an ownership interest in such Bank or its Parent Company or the exercise of control over such Bank or its Parent Company by a Governmental Authority or an instrumentality thereof. 

“Letter of Credit” has the meaning set forth in Section 2.01(b). 

“Letter of Credit Advance” means an Advance made by any Issuing Bank or any Bank pursuant to
Section 2.03(d). 
 “Letter of Credit Commitment” of any Issuing Bank means, at any
time, the amount set forth (a) opposite such Issuing Bank’s name on Schedule I under the heading “Letter of Credit Commitments”, (b) in the relevant Assignment and Acceptance to which such Issuing Bank is a
party or (c) in such other agreement pursuant to which such Issuing Bank becomes an Issuing Bank hereunder, in each case as such amount may be terminated, reduced or increased pursuant to Section 2.05,
Section 2.20, Section 6.01 or Section 8.08. 
 “Letter of
Credit Fees” means fees payable pursuant to Section 2.04(b) or Section 2.04(c). 
 “Lien” means any lien, security interest or other charge or encumbrance of any kind, or any other type of preferential arrangement, including the lien or retained security title of
a conditional vendor, a statutory deemed trust and any easement, right of way or other encumbrance on title to real property; provided, however, that for the avoidance of doubt, the interest of a Person as owner or lessor under
charters or leases of property. 
 “Loan Documents” means, collectively, this Agreement, the Guarantee,
the Notes, the Letters of Credit, any L/C Related Documents executed by the Borrower or any Loan Party, any agreement executed by the Borrower creating or perfecting rights in Cash Collateral provided by the Borrower in accordance with the terms and
conditions of this Agreement, and any fee letters executed by the Borrower in connection with this Agreement. 

“Loan Parties” means, collectively, the Borrower and the Subsidiary Guarantors. 

“Material Adverse Change” means a material adverse change in the business, condition (financial or otherwise),
operations, performance, properties, contingent liabilities or material agreements of the Borrower, the Subsidiary Guarantors and their respective Subsidiaries, taken as a whole. 

“Material Adverse Effect” means a material adverse effect on (a) the business, condition (financial or
otherwise), operations, performance, properties, contingent liabilities or material agreements of the Borrower, the Subsidiary Guarantors and their respective Subsidiaries, taken as a whole, (b) the rights and remedies of the Administrative
Agent or any Bank under any Loan Document or (c) the ability of each of the Borrower or any Subsidiary Guarantor to perform its Obligations under any Loan Document to which it is or is to be a party. 

  
 15 

 “Material Domestic Subsidiary” means, at any date, any wholly-owned
Domestic Subsidiary which is a Material Subsidiary. 
 “Material Subsidiary” means, as at any date of
determination (i) KBR Holdings, LLC and (ii) each other Subsidiary now existing or hereafter acquired or formed if the revenues of such other Subsidiary plus the revenues of its Subsidiaries equal more than 5% of total revenues of the
Borrower and its Subsidiaries for the most recently ended four fiscal quarters. In calculating total revenues the revenues attributable to interests in Subsidiaries which interests are not owned by the Borrower shall be excluded. 

“Maturity Date” means the date that is the fifth anniversary of the Effective Date provided,
however, that if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 

“Moody’s” means Moody’s Investors Service, Inc. or any successor to its debt ratings business.

 “Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions or has any liability, or during the preceding five plan years, has made or been obligated to make contributions.

 “Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15)
of ERISA, that (a) is maintained for employees of the Borrower or any ERISA Affiliate and at least one Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA
Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Non-Consenting Lender” has the meaning specified in Section 2.18 
 “Non-Defaulting Lender” means, at any time, a Bank that is not a Defaulting Lender. 
 “Note” means a promissory note of the Borrower payable to the order of any Bank, in substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness
of the Borrower to such Bank resulting from the Advances owing to such Bank. 
 “Notice of Issuance and Application
for Letter of Credit” has the meaning specified in Section 2.03(a). 
 “Notice of
Revolving Credit Borrowing” has the meaning specified in Section 2.02(a). 

“NPL” means the National Priorities List under CERCLA. 

“Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party
arising under any Loan Document or otherwise with respect to any Advance or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and
including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding. 
 “Other Taxes” means all present or future
stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to,
this Agreement or any other Loan Document. 

  
 16 

 “Parent Company” means, with respect to a Bank, the bank holding
company (as defined in Federal Reserve Board Regulation Y), if any, of such Bank, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Bank. 

“Participant” has the meaning assigned to such term in Section 8.08. 

“Participant Register” has the meaning specified in clause (c) of
Section 8.08. 
 “Patriot Act” shall mean the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. 
 “PBGC” means the Pension Benefit Guaranty Corporation (or any successor). 
 “PEMEX” means Pemex Exploracíon y Produccíon. 
 “Performance Letter of Credit” means a letter of credit qualifying as a “performance based standby letter of credit” under 12 C.F.R. Part 3, Appendix A,
Section 3(b)(2)(i) or any successor U.S. Comptroller of the Currency regulation. 
 “Permitted Non-Recourse
Indebtedness” means Indebtedness of the Borrower, any Subsidiary, or any Project Finance Subsidiary of the Borrower incurred in connection with the acquisition or construction by the Borrower, such Subsidiary or such Project Finance
Subsidiary of any property with respect to which the holders of such Indebtedness agree that they will look solely to the property so acquired or constructed and securing such Indebtedness provided that neither the Borrower nor any such
Subsidiary (other than a Project Finance Subsidiary) (i) provides any direct or indirect credit support, including any undertaking, agreement or instrument that would constitute Indebtedness or (ii) is otherwise directly or indirectly
liable for such Indebtedness; and provided further that no default with respect to such Indebtedness would cause, or permit (after notice or passage of time or otherwise), according to the terms thereof, any holder (or any representative of
any such holder) of any other Indebtedness (other than Project Financing or Permitted Non-Recourse Indebtedness) of the Borrower or such Subsidiary (other than a Project Finance Subsidiary and Subsidiaries thereof) to declare a default on such other
Indebtedness or cause the payment, repurchase, redemption. defeasance or other acquisition or retirement for value thereof to be accelerated or payable prior to any scheduled principal payment, scheduled sinking fund or maturity. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association,
company, partnership, Governmental Authority or other entity. 
 “Plan” means a Single Employer Plan, a
Multiple Employer Plan or a Welfare Plan. 
 “Pro Rata Share” of any amount means, with respect to any
Bank at any time, such amount times a fraction the numerator of which is the amount of such Bank’s Revolving Credit Commitment at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or
Section 6.01, such Revolving Credit Commitment as in effect immediately prior to such termination) and the denominator of which is the Revolving Credit Facility at such time (or, if the Commitments shall have been terminated
pursuant to Section 2.05 or Section 6.01, the Revolving Credit Facility as in effect immediately prior to such termination). 

  
 17 

 “Project Finance Subsidiary” means (a) a Subsidiary of the
Borrower designated as a “Project Finance Subsidiary” by the Borrower by notice to the Administrative Agent, and (b) any Person which is not a Subsidiary of the Borrower in which the Borrower or any of its Subsidiaries holds a
minority interest with respect to which the Borrower’s share of the earnings of such Person are included in the consolidated financial statements of the Borrower and its consolidated Subsidiaries, provided that in the case of
(a) and (b), such Subsidiary or other Person is (i) a special-purpose entity created solely to construct or acquire an asset or project that will be or is financed solely with Project Financing for such asset or
project and related equity investments in, loans to, or capital contributions in, such Person that are not prohibited hereby, or (ii) a Subsidiary or other Person whose principal purpose is to own Equity Interests in such special purpose entity
and substantially all of the assets of such Subsidiary or other Person consists of such Equity Interests. Schedule 4.01(b) identifies Project Finance Subsidiaries as of the Effective Date. 

“Project Financing” means Indebtedness and other Obligations that (a) are incurred by a Project Finance
Subsidiary, (b) are secured by a Lien of the type permitted under Section 5.02(a)(v) and (c) constitute Permitted Non-Recourse Indebtedness (other than recourse to the assets of, and Equity Interests in, any Project
Finance Subsidiary). 
 “Projections” has the meaning specified in Section 4.01(m).

 “Property” or “asset” (in each case, whether or not capitalized) means any
interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible. 
 “Reference
Bank” means Citibank N.A., a national banking association, or such substitute Reference Bank as may from time to time be appointed by the Administrative Agent. 
 “Register” has the meaning specified in Section 8.08(b). 
 “Regulation U” means Regulation U of the Federal Reserve Board, as the same is from time to time in effect, and all official rulings and interpretations thereunder or thereof.

 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners,
directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 
 “Required Banks means, as of any date of determination, Banks having more than 50% of the aggregate Revolving Credit Commitments or, if the Revolving Credit Commitments have terminated
or have been terminated, Banks holding more than 50% of the sum of (i) the aggregate principal amount of the Advances outstanding at such time and (ii) the Available Amount of all Letters of Credit outstanding at such time (with the
aggregate amount of each Bank’s risk participation and funded participation in Letters of Credit and reimbursement obligations of the Borrower in respect of Letters of Credit, including Letter of Credit Advances, being deemed “held”
by such Lender for purposes of this definition). 
 “Responsible Officer” means each of the chairman and
chief executive officer, the president, the chief financial officer, the treasurer, the secretary or any vice president (whether or not further described by other terms, such as, for example, senior vice president or vice president-operations) of
the Borrower or, if any such office is vacant, any Person performing any of the functions of such office. 

“Revaluation Date” means, with respect to any Foreign Currency Letter of Credit, each of the following:
(i) each date of issuance (or, in the case of the Existing Letters of Credit, the Effective Date), extension and renewal of any Letter of Credit pursuant to Section 2.01(b), (ii) each date of an amendment

  
 18 

 
of any Letter of Credit pursuant to Section 2.01(b) having the effect of increasing the amount thereof, (iii) each date of any Revolving Credit Advance pursuant to
Section 2.01(a), (iv) each date of any payment by an Issuing Bank under any Foreign Currency Letter of Credit pursuant to Section 2.06(b)(i), (v) the date of delivery of a monthly report pursuant to
Section 2.03(c)(ii) by an Issuing Bank and (vi) such additional dates as the Borrower, the Administrative Agent, any Issuing Bank, or the Required Banks may reasonably request. 

“Revolving Credit Advance” means an Advance by a Bank to the Borrower pursuant to Section 2.01
and refers to a Base Rate Advance or a Eurodollar Rate Advance. 
 “Revolving Credit Borrowing” means a
borrowing consisting of simultaneous Revolving Credit Advances of the same Type made by the Banks. 
 “Revolving
Credit Commitment” means, with respect to any Bank at any time, the amount set forth opposite such Bank’s name on Schedule I hereto under the caption “Revolving Credit Commitment” or, if such Bank has
entered into one or more Assignment and Acceptances, set forth for such Bank in the Register maintained by the Administrative Agent pursuant to Section 8.08(b) as such Bank’s “Revolving Credit Commitment”, as such
amount may be reduced, increased or terminated at or prior to such time pursuant to Section 2.05, Section 2.20 or Section 6.01. 

“Revolving Credit Exposure” means, with respect to any Bank at any time, the sum of the outstanding principal
amount of such Bank’s Revolving Credit Advances at such time. 
 “Revolving Credit Facility” means,
at any time, the aggregate amount of the Banks’ Revolving Credit Commitments at such time. 

“S&P” means Standard & Poor’s Ratings Service Group, a division of The McGraw-Hill Companies,
Inc. on the date hereof, or any successor to its debt ratings business. 
 “Second Tier Domestic
Subsidiary” means a Second Tier Subsidiary that is a Domestic Subsidiary. 
 “Second Tier
Subsidiary” means a direct Subsidiary of a First Tier Subsidiary. 
 “Shareholders’
Equity” means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its consolidated Subsidiaries as of that date determined in accordance with GAAP. 

“Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that
(a) is maintained for employees of the Borrower or any ERISA Affiliate and no Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability
under Section 4069 of ERISA in the event such plan has been or were to be terminated. 

“Solvent” means, with respect to any Person on a particular date, that on such date (a) the fair value of
the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to
pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts
and liabilities as they mature and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, 

  
 19 

 
for which such Person’s property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all
the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Spot Rate” means, for any Foreign Currency, the rate determined by the Administrative Agent to be the quoted spot rate at which the Reference Bank’s principal office in
London offers to exchange Dollars for such Foreign Currency at approximately 11:00 A.M. (London Time) on the date as of which the foreign exchange computation is made provided that the Administrative Agent may obtain such quoted spot rate from
another financial institution designated by the Administrative Agent if the Reference Bank’s principal office in London does not have a spot exchange rate for such Foreign Currency as of the date of determination. 

“Subsidiary” of any Person means any corporation (including a business trust), partnership, joint stock company,
trust, unincorporated association, joint venture or other entity of which more than 50% of the outstanding capital stock, securities or other ownership interests having ordinary voting power to elect directors of such corporation or, in the case of
any other entity, others performing similar functions (irrespective of whether or not at the time capital stock, securities or other ownership interests of any other class or classes of such corporation or such other entity shall or might have
voting power upon the occurrence of any contingency) is at the time directly or indirectly owned by such Person, by such Person and one or more other Subsidiaries of such Person or by one or more other Subsidiaries of such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “Subsidiary Guarantors” means the Subsidiaries of the Borrower listed on Schedule III hereto and each other Subsidiary which executes and delivers a Guarantee
Supplement. Within 10 Business Days after the date financial statements are delivered pursuant to Section 5.01(d)(i) or (ii), as the case may be, if revenues of the Subsidiary Guarantors and their respective
Subsidiaries on a consolidated basis, equal less than 95% of the aggregate revenues of all Domestic Subsidiaries for the four-quarter period ending on the date of such financial statements, the Borrower shall cause additional Subsidiaries to execute
and deliver to the Administrative Agent a Guarantee Supplement, in form and substance reasonably satisfactory to the Administrative Agent, such that the revenues of the Subsidiary Guarantors and their respective Subsidiaries, shall not be less than
95% of the aggregate revenues of all Domestic Subsidiaries for the four-quarter period ending on the date of such financial statements, and (ii) within 60 days thereafter, deliver to the Administrative Agent, upon the request of the
Administrative Agent in its sole discretion, a signed copy of a favorable opinion, addressed to the Administrative Agent and the Banks, of counsel for the Loan Parties reasonably acceptable to the Administrative Agent as to (A) such Guarantee
Supplement being the legal, valid and binding obligations of each additional Subsidiary Guarantor party thereto enforceable in accordance with its terms and (B) such other matters as the Administrative Agent may reasonably request. 

“Syndication Agent” means The Royal Bank of Scotland plc, solely in its capacity as syndication agent under this
Agreement. 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Termination Date” means Maturity Date, or the earlier date of termination in whole of the Commitments pursuant to Section 2.05 or
Section 6.01. 

  
 20 

 “Type” has the meaning specified in the definition of Advance.

 “Unused Revolving Credit Commitment” means, with respect to any Bank at any time, (a) such
Bank’s Revolving Credit Commitment at such time minus (b) without duplication, the sum of (i) the aggregate principal amount of all Revolving Credit Advances and Letter of Credit Advances made by such Bank and outstanding at
such time plus (ii) such Bank’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the
Issuing Banks pursuant to Section 2.03(d) and outstanding at such time, (C) the Foreign Currency Letter of Credit Contingency Amount and (D) to the extent not funded with Advances that remain outstanding at such time,
the aggregate amount of any cash collateral that has been pledged and remains pledged at such time pursuant to Section 5.02(a)(ix) (the “Gap Cash Collateral Amount”). 

“Utilized Commitment Amount” has the meaning set forth in Section 2.01(a). 

“Voting Interests” means shares of capital stock issued by a corporation, or equivalent Equity Interests in any
other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote to the election of directors (or Persons performing similar functions) of such Person, even if the right so to vote has been suspended by the
happening of such contingency. 
 “Welfare Plan” means an employee welfare benefit plan, as defined in
Section 3(1) of ERISA, that is maintained for employees of any Loan Party or in respect of which any Loan Party could have liability. 
 “Withdrawal Liability” has the meaning specified in Part I of Subtitle E of Title IV of ERISA. 

Section 1.02 Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to a
later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding”. 

Section 1.03 Accounting Terms; GAAP. 
 (a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the
Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision
(or if the Administrative Agent notifies the Borrower that the Required Banks request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application
thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.
Notwithstanding the foregoing, (i) any entity that is not a Subsidiary but would be required to be consolidated in the financial statements of the Borrower because of accounting for variable interest entities in accordance with FASB ASC 810,
(A) shall not be considered a “Subsidiary” for purposes of this Agreement and (B) shall not be included in any computation of any financial covenant herein, and (ii) for purposes of determining compliance with any
covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and
FASB ASC 470-20 on financial liabilities shall be disregarded. 

  
 21 

 (b) In this Agreement, references to “pro forma compliance”
shall mean pro forma compliance as determined in accordance with GAAP for the immediately preceding four fiscal quarters as of the date of determination and as such methodology is reasonably approved by the Administrative Agent. 

Section 1.04 Miscellaneous. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including”
shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” The words
“hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and Article, Section, Schedule and Exhibit references are to Articles and Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified. Unless the context requires otherwise, (i) any definition of or reference
to any agreement, instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, and (iii) any reference to any law shall include
all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented
from time to time. 
 Section 1.05 Ratings. A rating, whether public or private, by S&P or Moody’s shall be
deemed to be in effect on the date of announcement or publication by S&P or Moody’s, as the case may be, of such rating or, in the absence of such announcement or publication, on the effective date of such rating and will remain in effect
until the announcement or publication of, or (in the absence of such announcement or publication) the effective date of, any change in such rating. In the event the standards for any rating by Moody’s or S&P are revised, or such rating is
designated differently (such as by changing letter designations to numerical designations), then the references herein to such rating shall be deemed to refer to the revised or redesignated rating for which the standards are closest to, but not
lower than, the standards at the date hereof for the rating which has been revised or redesignated, all as determined by the Required Banks in good faith. Long-term debt supported by a letter of credit, guarantee or other similar credit enhancement
mechanism shall not be considered as senior unsecured long-term debt. If either Moody’s or S&P has at any time more than one rating applicable to senior unsecured long-term debt of any Person, the lowest such rating shall be applicable for
purposes hereof. For example, if Moody’s rates some senior unsecured long-term debt of any Person Baa1 and other such debt of such Person Baa2, the senior unsecured long-term debt of such Person shall be deemed to be rated Baa2 by Moody’s.

 Section 1.06 Exchange Rate. 

(a) The Spot Rates used in determining the Dollar Equivalent of Foreign Letters of Credit and the Foreign Currency
Equivalent shall be the Spot Rates determined as of the most recent Revaluation Date. Except for purposes of financial statements delivered by the Borrower hereunder or calculating financial covenants hereunder or except as otherwise provided
herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent. 

(b) Whenever in this Agreement in connection with the issuance, amendment or extension of a Letter of Credit, an amount,
such as a required minimum or multiple amount is expressed 

  
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in Dollars, but if such Letter of Credit is a Foreign Currency Letter of Credit, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest unit
of such Foreign Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent. 
 ARTICLE II

 AMOUNTS AND TERMS OF THE REVOLVING CREDIT ADVANCES 
 Section 2.01 The Revolving Credit Advances. 
 (a) Each
Bank severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances in Dollars to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an
aggregate amount not to exceed such Bank’s Unused Revolving Credit Commitment at such time; provided that (i) no Revolving Credit Advance shall be required to be made, except as a part of a Revolving Credit Borrowing that is in an
aggregate amount not less than $10,000,000 in the case of Eurodollar Rate Advances and $5,000,000 in the case of Base Rate Advances and in an integral multiple of $1,000,000, (ii) each Revolving Credit Borrowing shall consist of Revolving
Credit Advances of the same Type made on the same day by the Banks ratably according to their respective Revolving Credit Commitments, (iii) in the event there are Foreign Currency Letters of Credit then outstanding, the Spot Rates used in
determining the Unused Revolving Credit Commitment shall be determined as of the date of the Revolving Credit Advance, and after giving effect to such Revolving Credit Advance, the sum of the aggregate L/C Exposure plus the Foreign Currency
Letter of Credit Contingency Amount plus the aggregate Revolving Credit Exposure plus the Gap Cash Collateral Amount (the sum of such amounts being herein referred to as the “Utilized Commitment Amount”) shall
not exceed the aggregate Revolving Credit Commitments. The acceptance by the Borrower of the proceeds of a Revolving Credit Advance shall be deemed a representation that such Revolving Credit Advance complies with the conditions set forth in
clauses (i), (ii) and (iii) of the preceding sentence. Within the limits of each Bank’s Unused Revolving Credit Commitment in effect from time to time, the Borrower may borrow, prepay pursuant
to Section 2.10 and reborrow under this Section 2.01. The Borrower agrees to give a Notice of Revolving Credit Borrowing in accordance with Section 2.02(a) as to each Revolving Credit Advance.

 (b) Letters of Credit. Each Issuing Bank agrees, on the terms and conditions hereinafter set forth, to
issue letters of credit (collectively, together with the Existing Letters of Credit, the “Letters of Credit”, and each a “Letter of Credit”) for the account of the Borrower (such issuance, and any
funding of a draw thereunder and any Letter of Credit Advance with respect thereto, to be made by the Issuing Banks (including through such branches or Affiliates as such Issuing Bank and the Borrower shall jointly agree) in reliance on the
agreements of the other Banks pursuant to Section 2.03) from time to time on any Business Day during the period from the Effective Date until 10 days prior to the Maturity Date in an aggregate Available Amount (with respect to
Foreign Currency Letters of Credit, calculated by the applicable Issuing Bank using the Spot Rates determined as of the date of such issuance, amendment or extension, as applicable) (i) for all Letters of Credit issued by the Issuing Banks, not
to exceed at any time the aggregate Letter of Credit Commitments at such time minus the aggregate principal amount of the Letter of Credit Advances outstanding at such time, (ii) for all Letters of Credit issued by such Issuing Bank, not
to exceed at any time the Letter of Credit Commitment of such Issuing Bank at such time minus the aggregate principal amount of the Letter of Credit Advances owed to such Issuing Bank outstanding at such time and (iii) for each such
Letter of Credit, not to exceed an amount equal to the Unused Revolving Credit Commitments of the Banks at such time. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation that the
Letter of Credit so requested complies with the conditions set forth in the provisos to the preceding sentence. 

  
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 No Letters of Credit shall have expiration dates later than 10 Business Days prior to the
Maturity Date; provided, however, that if the applicable Issuing Bank and the Administrative Agent each consent, in their sole discretion, the expiration date (including any expiration date which may be extended automatically under the
terms of the Letters of Credit) of any Letter of Credit may extend beyond the date referred to in this sentence (each such Letter of Credit, together with any Letter of Credit outstanding on the Effective Date with an expiration date beyond the
Maturity Date, an “Extended Letter of Credit”); provided, further, that, on or prior to the date that is 95 days prior to the Maturity Date (or, if later, the date of issuance of the applicable Extended Letter
of Credit), the Borrower shall provide cash collateral for each Extended Letter of Credit that is outstanding or is issued after the date that is 95 days prior to the Maturity Date in an amount equal to (x) if the Extended Letter of Credit is
not a Foreign Currency Letter of Credit, 102% of the face amount of such Extended Letter of Credit or (y) if the Extended Letter of Credit is a Foreign Currency Letter of Credit, 110% of the face amount of such Extended Letter of Credit;
provided, further, that at no time shall the aggregate amount of Extended Letters of Credit plus the unpaid principal amount of Revolving Credit Advances exceed the sum of the Revolving Credit Facility plus the amount of
cash collateral then held with respect to the Extended Letters of Credit. The cash collateral specified in the foregoing sentence shall be provided to the Administrative Agent by the Borrower by requesting a Revolving Credit Advance pursuant to
Section 2.01(a). If the Borrower shall fail to make such request, the Borrower shall be deemed, without any further action by any party hereto, to have requested a Base Rate Advance in an amount equal to the amount of such cash
collateral. The Banks agree that they will make such Revolving Credit Advance whether or not the applicable conditions precedent in Section 3.02 are then satisfied. Upon the furnishing by the Borrower of such cash collateral on
the ninety-fifth day prior to the Maturity Date to the Administrative Agent, the Administrative Agent shall transfer to individual cash collateral accounts established by each Issuing Bank which has issued an Extended Letter of Credit the pro
rata share of such cash collateral allocable to such Issuing Bank. Simultaneous with receipt of such cash collateral, such Extended Letters of Credit, shall for all purposes cease to be Letters of Credit hereunder. Thereafter, fees, costs and
expenses, as well as terms for release of such cash collateral, shall be as agreed from time to time between the Borrower and such Issuing Bank; provided that in the absence of such agreement between the Borrower and such Issuing Bank, the
terms of this Agreement shall, as between the Borrower and such Issuing Bank, continue to govern the fees, costs and expenses payable in respect of such Extended Letters of Credit. Within the limits referred to above, the Borrower may request the
issuance of Letters of Credit under this Section 2.01(b), repay any Letter of Credit Advances resulting from drawings thereunder pursuant to Section 2.03(d) and request the issuance of additional Letters of
Credit under this Section 2.01(b). 
 Section 2.02 Making the Revolving Credit Advances.

 (a) Each Revolving Credit Borrowing shall be made on notice (a “Notice of Revolving Credit
Borrowing”), given not later than 11:00 A.M. (New York City time) (i) on the date of a proposed Revolving Credit Borrowing comprised of Base Rate Advances and (ii) on the third Business Day prior to the date of a proposed
Revolving Credit Borrowing comprised of Eurodollar Rate Advances, by the Borrower to the Administrative Agent, which shall give to each Bank prompt notice thereof, which notice by Administrative Agent may be by facsimile (or by other electronic
communication if arrangements for doing so have been approved by the applicable Bank). Each Notice of Revolving Credit Borrowing shall be by facsimile (or by other electronic communication if arrangements for doing so have been approved by the
Administrative Agent), confirmed immediately in writing, in substantially the form of Exhibit B-1, specifying therein the requested (i) date of such Revolving Credit Borrowing, (ii) Type of Revolving Credit Advances
comprising such Revolving Credit Borrowing, (iii) aggregate amount of such Revolving Credit Borrowing, and (iv) if such Revolving Credit Borrowing is to be comprised of Eurodollar Rate Advances, the initial Interest Period for each such
Revolving Credit Advance. In addition, in the event that any Foreign Currency Letters of 

  
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Credit are then outstanding, the Borrower shall also submit with such Notice of Revolving Credit Borrowing, a certificate setting forth the Available Amount of all outstanding Foreign Currency
Letters of Credit and the amount of the Unused Revolving Credit Commitment as of the date of such certificate using the London closing mid rate published by Bloomberg (or any successor) on such date (or, if such exchange rates are not available, the
Spot Rates determined as of such date). Each Bank shall, before 2:00 p.m. (New York City time) on the date of such Revolving Credit Borrowing, make available for the account of its Applicable Lending Office to the Administrative Agent at its
address referred to in Section 8.02, in same day funds, such Bank’s Pro Rata Share of such Revolving Credit Borrowing. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable
conditions set forth in Article III, the Administrative Agent will make such funds available to the Borrower at the Administrative Agent’s aforesaid address. 

(b) Notwithstanding any other provision in this Agreement, at no time shall there be more than ten Revolving Credit
Borrowings outstanding; provided that for purposes of the limitation set forth in this sentence, all Revolving Credit Borrowings consisting of Base Rate Advances shall constitute a single Revolving Credit Borrowing. 

(c) Each Notice of Revolving Credit Borrowing shall be irrevocable and binding on the Borrower. In the case of any
Revolving Credit Borrowing that the related Notice of Revolving Credit Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Bank against any loss, cost or expense incurred by such Bank as a result of
any failure to fulfill on or before the date specified in such Notice of Revolving Credit Borrowing for such Revolving Credit Borrowing the applicable conditions set forth in Article III, including any loss (excluding loss of
anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Bank to fund the Revolving Credit Advance to be made by such Bank as part of such Revolving Credit Borrowing when
such Revolving Credit Advance, as a result of such failure, is not made on such date. 
 (d) Unless the
Administrative Agent shall have received notice from a Bank (x) in the case of Base Rate Advance, at least two (2) hours prior to the proposed time of such Borrowing and (y) otherwise, prior to the proposed date of any Revolving
Credit Borrowing that such Bank will not make available to the Administrative Agent such Bank’s share of such Revolving Credit Borrowing, the Administrative Agent may assume that such Bank has made such share on such date in accordance with
subsection (a) of this Section 2.02 and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Bank has not in fact made its share of the applicable
Revolving Credit Borrowing available to the Administrative Agent, then the applicable Bank and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and
including the date such amount is made available to the Borrower to and including the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Bank, the greater of the Federal Funds Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a payment to be made by the Borrower, the interest rate applicable at the time to Revolving Credit Advances
comprising such Revolving Credit Borrowing. If the Borrower and such Bank shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such
interest paid by the Borrower for such period. If such Bank pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Bank’s Revolving Credit Advance included in such Revolving Credit
Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Bank that shall have failed to make such payment to the Administrative Agent. 

  
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 (e) The failure of any Bank to make the Revolving Credit Advance to be made
by it as part of any Revolving Credit Borrowing shall not relieve any other Bank of its obligation, if any, hereunder to make its Revolving Credit Advance on the date of such Revolving Credit Borrowing, but no Bank shall be responsible for the
failure of any other Bank to make the Revolving Credit Advance to be made by such other Bank on the date of any Revolving Credit Borrowing. 
 Section 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit. 
 (a) Request for Issuance. Each Letter of Credit shall be issued upon notice and application, given not later than 11:00 A.M. (New York City time) on at least the third Business Day (or a later day,
if acceptable to the relevant Issuing Bank in its sole discretion, but in no event later than the first Business Day) prior to the date of the proposed issuance of such Letter of Credit, by the Borrower to any Issuing Bank, with a copy of such
notice of issuance and any certificate delivered pursuant to this Section 2.03(a) being delivered concurrently to the Administrative Agent. Each of the Borrower and such Issuing Bank shall give to the Administrative Agent prompt
notice of such notice of issuance by telex or facsimile (or by other electronic communication if arrangements for doing so have been approved by the Administrative Agent). Each such notice of issuance of a Letter of Credit (a “Notice of
Issuance and Application for Letter of Credit”) shall be by telephone, confirmed immediately in writing, or telex or facsimile (or by other electronic communication if arrangements for doing so have been approved by the applicable
Issuing Bank), in the form of Exhibit B-2, specifying therein the requested (A) date of such issuance (which shall be a Business Day), (B) Available Amount of such Letter of Credit, (C) expiration date of such Letter of
Credit, (D) name and address of the Subsidiary on behalf of which such issuance of such Letter of Credit is requested, if applicable, (E) name and address of the beneficiary of such Letter of Credit, (F) form of such Letter of Credit
and (G) the requested currency of such Letter of Credit, if other than Dollars. In addition, in the event that such Letter of Credit is a Foreign Currency Letter of Credit or any Foreign Currency Letters of Credit are then outstanding, the
Borrower shall also submit with such Notice of Issuance and Application for Letter of Credit, a certificate setting forth the Available Amount of all outstanding Foreign Currency Letters of Credit and the amount of the Unused Revolving Credit
Commitment as of the date of such certificate using the London closing mid rate published by Bloomberg (or any successor) on such date (or, if such exchange rates are not available, the Spot Rates determined as of such date). If the requested form
of such Letter of Credit is acceptable to such Issuing Bank in its reasonable discretion, such Issuing Bank will, upon fulfillment of the applicable conditions set forth in Article III, make such Letter of Credit available to the
Borrower at its office referred to in Section 8.02 or as otherwise agreed with the Borrower in connection with such issuance; provided that 

(i) each Letter of Credit shall be denominated in Dollars or in a Foreign Currency, provided, however, no
Issuing Bank shall be obligated to issue any Foreign Currency Letter of Credit other than a Foreign Currency Letter of Credit denominated in a Committed Foreign Currency, but each Issuing Bank shall be permitted to do so in its sole discretion if
requested by the Borrower; 
 (ii) notwithstanding anything set forth in clause (i) above, no
Issuing Bank shall be obligated to issue a Foreign Currency Letter of Credit in the event that, as of the requested issuance date, (A) such Issuing Bank does not issue letters of credit in the requested currency, (B) the issuance of such
Letter of Credit in such requested currency would violate one or more policies of such Issuing Bank applicable to letters of credit generally, or (C) any requirement of law applicable to such Issuing Bank or any request or directive (whether or
not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall (1) prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit in the requested currency,
(2) impose upon such Issuing Bank with respect to letters of 

  
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credit issued in the requested currency any restriction or reserve or capital requirement (for which such Issuing Bank is not otherwise compensated) not in effect on the date of this Agreement,
or (3) shall result in any unreimbursed loss, cost or expense that was not applicable, in effect, or known to such Issuing Bank as of the date of this Agreement and that such Issuing Bank in good faith deems material to it; 

(iii) if any Bank becomes, and during the period it remains, a Defaulting Lender, no Issuing Bank will be required to
issue any Letter of Credit or to amend any outstanding Letter of Credit to increase the face amount thereof, alter the drawing terms thereunder or extend the expiry date thereof, unless such Issuing Bank is satisfied that any exposure that would
result therefrom is eliminated or fully covered by the Commitments of the Non-Defaulting Lenders, by Cash Collateralization, by other arrangements satisfactory to the applicable Issuing bank it its sole discretion, or by a combination thereof
satisfactory to the applicable Issuing Bank; 
 (iv) no Issuing Bank shall be required to issue any Letter of
Credit if the issuance of such Letter of Credit would violate one or more policies of the Issuing Bank applicable to letters of credit generally; and 
 (v) no Issuing Bank shall be required to issue any Letter of Credit if after giving effect to such issuance the aggregate face amount of all outstanding Letters of Credit issued under this Agreement by
such Issuing Bank would exceed its Letter of Credit Commitment, unless such Issuing Bank shall have otherwise agreed. 
 Notwithstanding the foregoing, no Issuing Bank shall issue any Letter of Credit after it has received a notice from the Administrative Agent or the Required Banks that a Default or Event of Default has
occurred and is continuing, until it receives a subsequent notice from the Administrative Agent or the Required Banks that such Default or Event of Default has been cured or waived. 

(b) Notice of Issuance, Amendment or Extension of Letters of Credit. The Borrower and each Issuing Bank shall
promptly notify the Administrative Agent of any issuance of, amendment to, or extension of, any Letter of Credit issued hereunder, including, with respect to any Foreign Currency Letter of Credit, the Available Amount of such Letter of Credit
(calculated by the applicable Issuing Bank using the Spot Rate determined as of the date of issuance, amendment or extension of such Letter of Credit). 
 (c) Letter of Credit Reports. 
 (i) Each Issuing Bank shall
furnish to the Administrative Agent on the fifth Business Day of each calendar quarter a written report (A) summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding calendar quarter and
drawings during such calendar quarter under all Letters of Credit issued by such Issuing Bank and (B) setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such
Issuing Bank. The Administrative Agent shall promptly deliver such report to the Banks and the Borrower by the means provided for delivery of Communications pursuant to Section 8.02. 

(ii) Each Issuing Bank with one or more outstanding Foreign Currency Letters of Credit shall furnish to the Administrative
Agent on the fifth Business Day of each calendar month a written report setting forth the Available Amount of each Foreign Currency Letter of Credit outstanding as of such date (calculated using the Spot Rates determined as of such date).

  
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 (d) Drawing and Reimbursement. The payment by any Issuing Bank of a
draft drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by such Issuing Bank of a Letter of Credit Advance, which shall be a Base Rate Advance, in the Dollar Equivalent amount of such draft (in the case
of Foreign Currency Letters of Credit, calculated by the applicable Issuing Bank using the applicable Spot Rate determined as of the date of such payment). Upon the issuance of a Letter of Credit by any Issuing Bank under
Section 2.03(a), such Issuing Bank shall be deemed, without further action by any party hereto, to have sold to each Bank, and each Bank shall be deemed, without further action by any party hereto, to have purchased from such
Issuing Bank, a participation in such Letter of Credit in an amount for each Bank equal to such Bank’s Pro Rata Share of the Available Amount of such Letter of Credit, effective upon the issuance of such Letter of Credit. In consideration and
in furtherance of the foregoing, each Bank hereby absolutely and unconditionally agrees to pay such Bank’s Pro Rata Share of each Letter of Credit Advance made by such Issuing Bank and not reimbursed by the Borrower forthwith on the date due by
making available for the account of its Applicable Lending Office to the Administrative Agent for the account of such Issuing Bank by deposit to the Agent’s Account, in same day funds, an amount equal to such Bank’s Pro Rata Share of such
Letter of Credit Advance. Each Bank acknowledges and agrees that its obligation to acquire participations pursuant to this Section 2.03(d) in respect of Letters of Credit is absolute and unconditional and shall not be affected by
any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default or the termination of the Commitments, and that each such payment shall be made without any off-set, abatement, withholding or reduction
whatsoever. For the avoidance of doubt, the obligation of each Bank to acquire participations and reimburse Letter of Credit Advances pursuant to this Section 2.03(d) shall be absolute regardless of whether such Bank’s
participation or Pro Rata Share of any Letter of Credit Advance exceeds, by reason of fluctuations of foreign currency exchange rate or otherwise, such Bank’s Revolving Credit Commitment. Upon any such participation of a Bank of a portion of a
Letter of Credit Advance, such Issuing Bank represents and warrants to such other Bank that such Issuing Bank is the legal and beneficial owner of such interest being assigned by it, free and clear of any Liens, but makes no other representation or
warranty and assumes no responsibility with respect to such Letter of Credit Advance, the Loan Documents or the Borrower. If and to the extent that any Bank shall not have so made the amount of such Letter of Credit Advance available to the
Administrative Agent, such Bank agrees to pay to the Administrative Agent forthwith on demand such amount together with interest thereon, for each day from the date such Letter of Credit Advance is due until the date such amount is paid to the
Administrative Agent, at the Federal Funds Rate for its account or the account of such Issuing Bank, as applicable. If such Bank shall pay to the Administrative Agent such amount for the account of such Issuing Bank on any Business Day, such amount
so paid in respect of principal shall constitute a Letter of Credit Advance made by such Bank on such Business Day for purposes of this Agreement, and the outstanding principal amount of the Letter of Credit Advance made by such Issuing Bank shall
be reduced by such amount on such Business Day. 
 (e) Failure to Make Letter of Credit Advances. The
failure of any Bank to make the Letter of Credit Advance to be made by it on the date specified in Section 2.03(d) shall not relieve any other Bank of its obligation hereunder to make its Letter of Credit Advance on such date, but
no Bank shall be responsible for the failure of any other Bank to make the Letter of Credit Advance to be made by such other Bank on such date. 
 (f) Existing Letters of Credit. All Existing Letters of Credit shall be deemed to have been issued pursuant to this Agreement, and from and after the Effective Date shall be subject to and governed
by the terms and conditions hereof. The Borrower’s reimbursement obligations in respect of each Existing Letter of Credit, and each Bank’s participation obligations in connection therewith, shall be governed by the terms of this Agreement.

  
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 (g) Applicability of ISP and UCP. Unless otherwise expressly agreed
by the applicable Issuing Bank and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) (“ISP”) shall apply to each Performance Letter of Credit, and (ii) the rules of the
Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance, shall apply to each Commercial Letter of Credit. 

(h) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any L/C
Related Documents, the terms hereof shall control. 
 Section 2.04 Fees. 

(a) Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Bank a
commitment fee on the amount of such Bank’s Unused Revolving Credit Commitment (determined without regard to any Foreign Currency Letter of Credit Contingency Amount and without regard to any Gap Cash Collateral Amount), payable quarterly in
arrears (within three Business Days after receipt from the Administrative Agent of an invoice therefor) for each period ending on (and including) the last day of each March, June, September and December hereafter, commencing December 31, 2011,
and on the Termination Date, at a rate per annum equal to 0.25% (the “Commitment Fee”). 

(b) Letter of Credit Fees, Etc. 

(i) The Borrower shall pay to the Administrative Agent for the account of each Bank a commission, payable in arrears
quarterly (within three Business Days after receipt of an invoice therefor) for each period ending on (and including) the last day of each March, June, September and December, commencing December 31, 2011, and on the Termination Date, and
thereafter on demand if any Letters of Credit remain outstanding after the Termination Date, on such Bank’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit then outstanding at a rate
equal to the Applicable Margin on Eurodollar Rate Advances in effect from time to time; provided, however, that with respect to Performance Letters of Credit and Commercial Letters of Credit such commission shall be equal to 50% of
such Applicable Margin in effect from time to time. 
 (ii) The Borrower shall pay to each Issuing Bank, for its
own account, (A) an issuance fee for each Letter of Credit issued by such Issuing Bank in an amount equal to 0.15% of the Available Amount of such Letter of Credit (with a minimum fee of $500) on the date of issuance of such Letter of Credit,
payable on such date and (B) such other customary administrative fees and other standard costs and charges in connection with the issuance, amendment, extension or administration of each Letter of Credit as the Borrower and Issuing Bank shall
agree. 
 (iii) Notwithstanding the foregoing, the Letter of Credit Fees set forth in
Section 2.04(b)(i) shall accrue at a rate equal to the sum of the rate specified in Section 2.04(b)(i), as applicable, plus 2% (A) while an Event of Default exists under
Section 6.01(a) or upon the occurrence of an Event of Default described in Section 6.01(e), and (B) at the request of the Required Banks, during the existence of an Event of Default other than an Event of
Default of the type described in the preceding clause (A). 

  
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 (c) Other Fees. The Borrower agrees to pay to the Administrative
Agent, the Joint Lead Arrangers, and the Banks such other fees as may be separately agreed to in writing. 
 Section 2.05
Reduction of Commitments. 
 (a) Revolving Credit Commitment. The Borrower shall have the right,
upon at least three Business Days notice to the Administrative Agent and to an Issuing Bank, to terminate in whole or reduce ratably in part the Unused Revolving Credit Commitments; provided that each partial reduction shall be in the minimum
aggregate amount of $10,000,000 and in an integral multiple of $5,000,000; provided further, that no such termination or reduction shall be made pursuant to this Section 2.05(a), unless after giving effect thereto,
the Revolving Credit Facility equals or exceeds the aggregate Letter of Credit Commitments of the Issuing Banks. Each reduction of the Unused Revolving Credit Commitments shall be made ratably among the Banks in accordance with their respective Pro
Rata Shares, except as otherwise provided in this Agreement. Any termination or reduction of any of the Commitments under this Section 2.05(a) shall be permanent. 

(b) Letter of Credit Commitment. The Borrower shall have the right upon at least three (3) Business Days
notice to the Administrative Agent and to an Issuing Bank to reduce or terminate the Letter of Credit Commitment of such Issuing Bank; provided further that no termination or reduction of the Letter of Credit Commitment of any Issuing
Bank shall be made pursuant to this Section 2.05(b), unless after giving effect thereto, the Letter of Credit Commitment of such Issuing Bank equals or exceeds the sum of the Available Amount of all outstanding Letters of Credit
issued by such Issuing Bank plus the principal amount of all outstanding Letter of Credit Advances relating to any Letter of Credit issued by such Issuing Bank. 
 Section 2.06 Repayment of Advances; Required Cash Collateral. 
 (a) Revolving Credit Advances. The Borrower shall repay the principal amount of each Revolving Credit Advance owing to each Bank on the Termination Date or on such earlier date as may be applicable
pursuant hereto. 
 (b) Letter of Credit Advances. 

(i) Each Issuing Bank, shall, promptly following its receipt thereof, examine all documents purporting to represent a
demand for payment under a Letter of Credit issued by such Issuing Bank. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile or by other electronic communication if arrangements for
doing so have been approved by the Administrative Agent or the Borrower, as applicable) of (A) such demand for payment and whether such Issuing Bank has made or will make a Letter of Credit Advance with respect thereto and (B) in the case
of a Foreign Currency Letter of Credit, the Dollar Equivalent of the payment made by such Issuing Bank under the applicable Letter of Credit (using a Spot Rate determined as of the date of such payment); provided that any failure to give or
delay in giving any such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Banks with respect to any such Letter of Credit Advance. 

(ii) The Borrower shall repay to the Administrative Agent for the account of each Issuing Bank and each other Bank that
has made a Letter of Credit Advance on the earlier of 

  
 30 

 
the third Business Day following the date on which such Letter of Credit Advance is made and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of
them. 
 (iii) The obligations of the Borrower under this Agreement and any other agreement or instrument, in
each case relating to any Letter of Credit, shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and such other agreement or instrument under all circumstances, including the following
circumstances (it being understood that any such payment by the Borrower is without prejudice to, and does not constitute a waiver of, any rights the Borrower might have or might acquire as a result of the payment by any Issuing Bank of any draft or
the reimbursement by the Borrower thereof): 
 (A) any lack of validity or enforceability of any Loan Document,
any Letter of Credit or any other agreement or instrument relating thereto (all of the foregoing being, collectively, the “L/C Related Documents”); 

(B) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations of the
Borrower in respect of any L/C Related Document or any other amendment or waiver of or any consent to departure from all or any of the L/C Related Documents; 
 (C) the existence of any claim, set-off, defense or other right that the Borrower may have at any time against any beneficiary or any transferee of a Letter of Credit (or any Persons for which any such
beneficiary or any such transferee may be acting), any Issuing Bank or any other Person, whether in connection with the transactions contemplated by the L/C Related Documents or any unrelated transaction; 

(D) any statement or any other document presented under a Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 
 (E) any
payment by any Issuing Bank under a Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by any Issuing Bank under a Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising
in connection with any proceeding under any Debtor Relief Laws; 
 (F) any exchange, release or non-perfection
of any collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations of the Borrower in respect of the L/C Related Documents; 

(G) any adverse change in the relevant exchange rates of any relevant Foreign Currencies; or 

(H) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or a guarantor. 

  
 31 

 (c) Required Payment and Cash Collateral. If on any date the Utilized
Commitment Amount as of such date exceeds an amount equal to the aggregate Revolving Credit Commitments on such date, the Borrower shall, within three Business Days thereafter, (i) prepay Advances in an amount equal to such excess or
(ii) if no Advances are outstanding at such time, pay to the Administrative Agent in same day funds at the Administrative Agent’s office, for deposit in the L/C Cash Collateral Account, an amount equal to such excess, which amount shall be
released within three Business Days after request from the Borrower to the Administrative Agent that the Utilized Commitment Amount as of such date no longer exceeds an amount equal to the aggregate Revolving Credit Commitments, provided that
if a Default then exists, such amount shall not be released and shall be held as collateral for the Obligations. 

(d) L/C Cash Collateral Account. The Borrower hereby grants to the Administrative Agent, for the benefit of the
Issuing Banks and the Banks, a security interest in and Lien on the L/C Cash Collateral Account and all cash, deposit accounts and all balances therein and all proceeds of the foregoing, to secure the Obligations of the Borrower in respect of
Letters of Credit and the other Obligations of the Borrower. Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts at Citibank. 
 Section 2.07 Interest. The Borrower shall pay interest on the unpaid principal amount of each Advance from the date of such Advance until such principal amount shall be paid in full, at the
following rates per annum: 
 (a) During such periods as such Advance is a Base Rate Advance, a rate per annum
equal at all times to the Base Rate in effect from time to time plus the Applicable Margin, payable quarterly in arrears on the last day of each March, June, September and December and on the date such Base Rate Advance shall be Converted or
paid in full; provided that the principal amount of Base Rate Advances shall bear interest, payable on demand, at a rate per annum equal at all times to the sum of the rate otherwise payable thereon plus 2% (A) while an Event of
Default exists under Section 6.01(a) or upon the occurrence of an Event of Default described in Section 6.01(e), and (B) at the request of the Required Banks, during the existence of an Event of Default
other than an Event of Default of the type described in the preceding clause (A). 
 (b) During
such periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of the Eurodollar Rate for such Interest Period plus the Applicable Margin, payable in
arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date
such Eurodollar Rate Advance shall be Converted or paid in full; provided that the principal of Eurodollar Rate Advances shall bear interest, payable on demand, at a rate per annum equal to the sum of the Eurodollar Rate for such Interest
Period plus the Applicable Margin plus 2% (A) while an Event of Default exists under Section 6.01(a) or upon the occurrence of an Event of Default described in Section 6.01(e), and (B) at
the request of the Required Banks, during the existence of an Event of Default other than an Event of Default of the type described in the preceding clause (A). 
 (c) Upon the occurrence and during the continuance of an Event of Default under Section 6.01(a), the Borrower shall pay simple interest, to the fullest extent permitted by law, on the
amount of any interest, fee or other amount (other than principal of Advances which is covered by Section 2.07(a) and Section 2.07(b)) payable hereunder that is not paid when due, from the date such amount shall
be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal to the sum of the Base Rate in effect from time to time plus the Applicable Margin
plus 2%. 

  
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 Section 2.08 Additional Interest on Eurodollar Rate Advances. So long as a Bank
shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, Borrower shall pay to Bank additional interest on the unpaid principal
amount of each Advance of such Bank during such periods as such Advance is a Eurodollar Rate Advance, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder
obtained by subtracting (i) the Eurodollar Rate for the Interest Period then in effect for such Eurodollar Rate Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar
Rate Reserve Percentage of such Bank for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank and notified to the Borrower through the
Administrative Agent. 
 Section 2.09 Interest Rate Determination. 

(a) The Administrative Agent shall give prompt notice to the Borrower and the Banks of the applicable interest rate
determined by the Administrative Agent for purposes of Section 2.07(b). Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto. 

(b) If the Administrative Agent is unable to determine the Eurodollar Rate for any Eurodollar Rate Advances or in
connection with any Base Rate Advance: 
 (i) the Administrative Agent shall forthwith notify the Borrower and
the Banks that the interest rate or Eurodollar Rate component of the definition of “Base Rate”, as applicable, cannot be determined for such Eurodollar Rate Advances, 

(ii) each such Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into a
Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue as a Base Rate Advance), and 

(iii) the (x) obligation of the Banks to make Eurodollar Rate Advances or to Convert Revolving Credit Advances into
Eurodollar Rate Advances and (y) the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case, until the Administrative Agent shall notify the Borrower and the Banks that the circumstances
causing such suspension no longer exist. 
 (c) If, with respect to any Eurodollar Rate Advances, the Required
Banks notify the Administrative Agent (A) that the Eurodollar Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Banks of making, funding or maintaining their respective Eurodollar Rate Advances
for such Interest Period or (B) that Dollar deposits for the relevant amounts and Interest Period for their respective Advances are not available to them in the London interbank market, the Administrative Agent shall forthwith so notify the
Borrower and the Banks, whereupon: 
 (i) each Eurodollar Rate Advance will automatically, on the last day of the
then existing Interest Period therefor, Convert into a Base Rate Advance, and 
 (ii) the obligation of the Banks
to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended until the Administrative Agent shall notify the Borrower and the Banks that the circumstances causing such suspension no longer exist. 

  
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 (d) If the Borrower shall fail to select the duration of any Interest Period
for any Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, the Administrative Agent will forthwith so notify the Borrower and the Banks and
such Revolving Credit Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances (or if such Advances are then Base Rate Advances, will continue as Base Rate Advances). 

(e) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall
be reduced, by payment or prepayment or otherwise, to less than $10,000,000, such Advances shall automatically Convert into Base Rate Advances, and on and after such date the right of the Borrower to Convert such Advances into Eurodollar Rate
Advances shall terminate. 
 (f) Upon the occurrence and during the continuance of any Event of Default,
(i) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance and (ii) the obligation of the Banks to make, or to Convert Advances into, Eurodollar Rate
Advances shall be suspended. 
 Section 2.10 Optional Prepayments. The Borrower shall have no right to prepay any
principal amount of any Advance other than as provided in this Section 2.10. The Borrower may, upon notice given to the Administrative Agent before 11:00 A.M. (New York City time) on at least the first Business Day prior to the
date of prepayment in the case of Base Rate Advances or upon at least three Business Days’ notice to the Administrative Agent in the case of Eurodollar Rate Advances, in each case stating (a) the proposed date (which shall be a Business
Day), (b) the aggregate principal amount of the prepayment, (c) the Type(s) of Advances to be prepaid and (d) if Eurodollar Rate Advances are to be prepaid, the Interest Period(s) of such Advances. Upon the giving of such notice, the
Borrower shall, subject to the terms thereof, prepay the outstanding principal amounts of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal
amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount not less than $10,000,000 in the case of Eurodollar Rate Advances and $5,000,000 in the case of Base Rate Advances and
in integral multiples of $1,000,000, and after giving effect thereto no Borrowing then outstanding shall have a principal amount of less than $5,000,000; and (y) in the case of any such prepayment of a Eurodollar Rate Advance, the Borrower
shall be obligated to reimburse the Banks in respect thereof pursuant to Section 2.12. 
 Section 2.11
Payments and Computations. 
 (a) All payments made by the Borrower shall be made without condition or
deduction for any counterclaim, defense, recoupment or setoff. The Borrower shall make each payment hereunder and under the Notes not later than 11:00 A.M. (New York City time) on the day when due in Dollars to the Administrative Agent (except that
payments under Section 2.08 shall be paid directly to the Bank entitled thereto) at the Agent’s Account, in same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the
payment of principal, interest, Commitment Fees or Letter of Credit Fees ratably (except amounts payable pursuant to Section 2.13 or Section 2.14 and except that any Bank may receive less than its ratable share
of interest to the extent Section 2.21 or Section 8.06 is applicable to it) to the Banks for the account of their respective Applicable Lending Offices, and like funds relating to the payment of any other amount
payable to any Bank to such Bank for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information
contained therein in the Register pursuant to Section 8.08(b), from and after the effective date specified in such Assignment and Acceptance, the Administrative Agent shall 

  
 34 

 
make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Bank assignee thereunder, and the parties to such Assignment and Acceptance shall make all
appropriate adjustments in such payments for periods prior to such effective date directly between themselves. At the time of each payment of any principal of or interest on any Borrowing to the Administrative Agent, the Borrower shall notify the
Administrative Agent of the Borrowing to which such payment shall apply. In the absence of such notice the Administrative Agent may specify the Borrowing to which such payment shall apply. 

(b) All computations of interest based on the Base Rate (except during such times as the Base Rate is determined pursuant
to clauses (b) or (c) of the definition thereof), of Commitment Fees and of Letter of Credit Fees shall be made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, and all
computations of interest based on the Eurodollar Rate, the Federal Funds Rate or, during such times as the Base Rate is determined pursuant to clauses (b) or (c) of the definition thereof, the Base Rate shall be
made by the Administrative Agent, and all computations of interest pursuant to Section 2.08 shall be made by a Bank, on the basis of a year of 360 days, in each case for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent (or in the case of Section 2.08, by a Bank) of an interest rate hereunder shall be
conclusive and binding for all purposes, absent manifest error. 
 (c) Whenever any payment hereunder or under
the Notes shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, Commitment
Fees and Letter of Credit Fees, as the case may be; provided, however, if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be
made on the next preceding Business Day. 
 (d) Unless the Administrative Agent shall have received notice from
the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Banks or the Issuing Banks hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower
has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Banks or the Issuing Banks, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment,
then each of Banks or the Issuing Banks, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Bank or Issuing Bank, with interest thereon, for each day from and including the
date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 Section 2.12 Compensation for Losses. If any payment or purchase of principal of, or Conversion of,
any Eurodollar Rate Advance is made other than on the last day of the Interest Period for such Advance, as a result of a payment, purchase or Conversion pursuant to Section 2.09, Section 2.10,
Section 2.16, Section 2.17 or Section 2.18, acceleration of the maturity of the Advances pursuant to Section 6.01 or for any other reason other than a payment by the
Borrower under Section 2.02(d), the Borrower shall, within 15 days after demand by any Bank (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Bank any amounts
required to compensate such Bank for any additional losses, costs or expenses which it may reasonably incur as a result of such payment, purchase or Conversion, including any loss (excluding loss of anticipated profits), cost or expense reasonably
incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Bank to fund or maintain such Advance. In addition, if the Borrower fails to make a payment in respect of any drawing under any Letter of Credit (or
interest due 

  
 35 

 
thereon) denominated in a Foreign Currency on its scheduled due date or makes any payment due hereunder in a currency other than the currency required hereunder, the Borrower shall, within 15
days after demand by any Bank (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Bank any amounts required to compensate such Bank for any additional losses, costs or expenses which it
may reasonably incur as a result of thereof. A certificate as to the amount of such additional losses, costs or expenses, submitted to the Borrower and the Administrative Agent by such Bank, shall be conclusive and binding for all purposes, absent
manifest error. 
 Section 2.13 Increased Costs and Capital Requirements. 

(a) Increased Costs Generally. If any Change in Law shall (i) impose, modify or deem applicable any reserve,
special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Bank (except any reserve requirement reflected in the Eurodollar Rate
Reserve Percentage) or any Issuing Bank; (ii) subject any Bank or any Issuing Bank to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit, any Letter of Credit Advance, or
any Eurodollar Rate Advance made by it, or change the basis of taxation of payments to such Bank or Issuing Bank in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 2.14 and the imposition of, or any
change in the rate of, any Excluded Tax payable by such Bank or Issuing Bank); or (iii) impose on any Bank or any Issuing Bank or the London interbank market any other condition, cost or expense affecting this Agreement or Eurodollar Rate
Advance made by such Bank or any Letter of Credit, participation therein or Letter of Credit Advance; and the result of any of the foregoing shall be to increase the cost to such Bank of making, converting to, continuing or maintaining any
Eurodollar Rate Advance (or of maintaining its obligation to make any such Advance) or any Base Rate Advance the interest on which is determined by reference to the Eurodollar Rate, or to increase the cost to such Bank or Issuing Bank of
participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit) or Letter of Credit Advance, or to reduce the amount of any sum received or receivable by such Bank
or Issuing Bank hereunder (whether of principal, interest or any other amount) then, upon request of such Bank or Issuing Bank, the Borrower will pay to such Bank or Issuing Bank, as the case may be, such additional amount or amounts as will
compensate such Bank or Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any Change in Law affecting a Bank or Issuing Bank or any lending office of a Bank or Issuing Bank or a Bank’s or Issuing Bank’s Parent Company, if any,
regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Bank’s or Issuing Bank’s capital or on the capital of such Bank’s or Issuing Bank’s Parent Company, if any, as a
consequence of this Agreement, the Commitments of such Bank or the Advances made by, or participations in Letters of Credit held by, such Bank, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Bank or Issuing
Bank or such Bank’s or such Issuing Bank’s Parent Company could have achieved but for such Change in Law (taking into consideration such Bank’s or such Issuing Bank’s policies and the policies of such Bank’s or such Issuing
Bank’s Parent Company with respect to capital adequacy), then from time to time the Borrower will pay to such Bank or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Bank or Issuing Bank or such
Bank’s or Issuing Bank’s Parent Company for any such reduction suffered. 
 (c) Certificates for
Reimbursement. A certificate of the applicable Bank or Issuing Bank setting forth in the amount or amounts necessary to compensate such Bank or Issuing Bank or its Parent Company, as the case may be, as specified in
Section 2.13(a) or Section 2.13(b) above and 

  
 36 

 
delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Bank or Issuing Bank, as the case may be, the amount shown as due on any such certificate within
10 days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Bank or any
Issuing Bank to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Bank’s or Issuing Bank’s right to demand such compensation, provided that the Borrower shall not be
required to compensate a Bank pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than three months prior to the date that such Bank notifies the Borrower of the Change in Law or
compliance requirement giving rise to such increased costs or reductions and of such Bank’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
three-month period referred to above shall be extended to include the period of retroactive effect thereof). 

(e) Designation of a Different Lending Office. If any Bank requests compensation under this
Section 2.13, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Advances hereunder or to assign its rights and obligations hereunder to another of its offices, branches
or affiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to this Section 2.13 in the future and (ii) would not subject such Bank to any
unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment. 

Section 2.14 Taxes. 
 (a) Payments Free of Taxes. Any and all payments by the Borrower hereunder or under any other Loan Documents shall be made, in accordance with Section 2.11, free and clear of and
without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum
payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Bank or Issuing Bank, as the case may be, receives an
amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law. 
 (b) Payment of Other Taxes by the Borrower. Without limiting the
provisions of Section 2.14(a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

(c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Bank and each
Issuing Bank, within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the
Administrative Agent, such Bank or such Issuing Bank, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Bank or Issuing Bank (with a copy to the Administrative Agent), or by the Administrative Agent on
its own behalf or on behalf of a Bank or an Issuing Bank, shall be conclusive absent manifest error. 

  
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 (d) Treatment of Certain Refunds. If the Administrative Agent, a Bank
or an Issuing Bank determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this
Section 2.14, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.14 with respect to
the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses and net of any loss or gain realized in the conversion of such funds from or to another currency incurred by the Administrative Agent, such Bank or such Issuing
Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent, such Bank or such
Issuing Bank, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Bank or such Issuing Bank in the event the
Administrative Agent, such Bank or such Issuing Bank is required to repay such refund to such Governmental Authority. This Section 2.14(d) shall not be construed to require the Administrative Agent, any Bank or any Issuing Bank to
make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 
 (e) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative
Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 (f) Status of Banks. Any Foreign Lender that is entitled to an exemption from or reduction of
withholding tax under the law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan Document shall deliver to the
Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable
law as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bank, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law
or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Bank is subject to backup withholding or information reporting requirements. 

Without limiting the generality of the foregoing, in the event that the Borrower is resident for tax purposes in the United States of
America, any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Bank under this Agreement (and
from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 

(i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax
treaty to which the United States of America is a party, 
 (ii) duly completed copies of Internal Revenue
Service Form W-8ECI, 
 (iii) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such 

  
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Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning
of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN, or 

(iv) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States
Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made. 

If a payment made to a Bank under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Bank were
to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Bank shall deliver to the Borrower and the Administrative Agent at the time or
times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Bank has complied
with such Bank’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Each Bank shall, and does hereby, indemnify the Borrower and the Administrative Agent against any and all Taxes and any related
penalties, interest and expenses incurred by, or asserted by any Governmental Authority against, the Borrower or the Administrative Agent as a result of the failure by such Bank to timely deliver, or as a result of the inaccuracy or deficiency of,
any documentation required to be delivered by such Bank to the Borrower or the Administrative Agent pursuant to this paragraph. Each Bank hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such
Bank under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this paragraph. The provisions of the preceding two sentences shall not be construed to limit the obligations of the Banks pursuant to
Section 8.04(d), Solely for purposes of this paragraph, “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

Each Bank agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it
shall update such form or certification or promptly notify the Borrower and the Administration Agent in writing of its legal inability to do so. 
 (g) Designation of a Different Lending Office. If any Bank requires the Borrower to pay any additional amount to such Bank or any Governmental Authority for the account of such Bank pursuant to
this Section 2.14, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Advances hereunder or to assign its rights and obligations hereunder to another of its offices,
branches or affiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to this Section 2.14 in the future and (ii) would not subject such Bank to
any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment. 

Section 2.15 Sharing of Payments, Etc. If any Bank shall, by exercising any right of setoff or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Advances or other obligations hereunder (except amounts payable pursuant to Section 2.08, Section 2.13 or Section 2.14,
and except that any Bank may receive less than its ratable share of interest to the extent Section 8.06 is applicable to it and any Defaulting Lender may receive less than its ratable share of 

  
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interest, fees and other amounts payable to it under this Agreement to the extent Section 2.21 is applicable to it) resulting in such Bank’s receiving payment of a
proportion of the aggregate amount of its Advances and accrued interest thereon or other such obligations greater than its Pro Rata Share thereof as provided herein, then the Bank receiving such greater proportion shall (a) notify the
Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Advances and such other obligations of the other Banks, or make such other adjustments as shall be equitable, so that the benefit of all such
payments shall be shared by the Banks ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Advances and other amounts owing them, provided that (i) if any such participations are
purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and (ii) the provisions of this
Section 2.15 shall not be construed to apply to (A) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement, (B) any payment obtained by a Bank as consideration for the
assignment of or sale of a participation in any of its Advances to any assignee or Participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.15 shall apply), or (C) any
collateral obtained by an Issuing Bank in connection with arrangements made to address the risk with respect to an Defaulting Lender. The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law,
that any Bank acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Bank were a direct creditor of the Borrower in
the amount of such participation. 
 Section 2.16 Illegality. Notwithstanding any other provision of this Agreement,
if any Bank (each an “Affected Bank”) shall notify the Borrower and the Administrative Agent that the introduction of or any Change in Law makes it unlawful, or any central bank or other Governmental Authority asserts that it
is unlawful, for any Bank, or its Eurodollar Lending Office, to perform its obligations hereunder to make Eurodollar Rate Advances, to fund or maintain Eurodollar Rate Advances, or to make, fund or maintain Base Rate Advances whose interest is
determined by reference to the Eurodollar Rate hereunder, (i) the obligation of the Affected Bank to make, or to Convert Advances into, Eurodollar Rate Advances shall forthwith be suspended (and any request by the Borrower for a Borrowing
comprised of Eurodollar Rate Advances shall, as to each Affected Bank, be deemed a request for a Base Rate Advance to be made on the same day as the Eurodollar Rate Advances of the Banks that are not Affected Banks and such Base Rate Advance shall
be considered as part of such Borrowing) until the Affected Bank shall notify the Borrower, the Banks and the Administrative Agent that the circumstances causing such suspension no longer exist, (ii) if such notice asserts in good faith the
illegality of such Bank making or maintaining Base Rate Advances the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Bank shall, if necessary to
avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, (iii) forthwith after such notice from an Affected Bank to the Administrative Agent and the Borrower, all
Eurodollar Rate Advances of such Affected Bank shall be deemed to be Converted to Base Rate Advances (the interest rate on which Base Rate Advances of such Bank shall, if necessary to avoid such illegality, be determined by the Administrative Agent
without reference to the Eurodollar Rate component of the Base Rate) but will otherwise continue to be considered as a part of the respective Borrowings that they were a part of prior to such Conversion, and (iv) if such notice asserts in good
faith the illegality of such Bank determining or charging interest rates based upon the Eurodollar Rate the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Bank without reference to the
Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Bank that it is no longer illegal for such Bank to determine or charge interest rates based upon the Eurodollar Rate; provided, however,
that, before making any such demand, such Bank agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Eurodollar Lending Office if the

  
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making of such a designation would allow such Bank or its Eurodollar Lending Office to continue to perform its obligations to make Eurodollar Rate Advances or to continue to fund or maintain
Eurodollar Rate Advances and would not, in the judgment of such Bank, be otherwise materially disadvantageous to such Bank. In the event any Bank shall notify the Administrative Agent of the occurrence of any circumstance contemplated under this
Section 2.16, all payments and prepayments of principal that would otherwise have been applied to repay the Eurodollar Rate Advances that would have been made by such Bank or the Converted Eurodollar Rate Advances shall instead be
applied to repay the Base Rate Advances made by such Bank in lieu of such Eurodollar Rate Advances or resulting from the Conversion of such Eurodollar Rate Advances and shall be made at the time that payments on the Eurodollar Rate Advances of the
Banks that are not Affected Banks are made. Each Bank that has delivered a notice of illegality pursuant to this Section 2.16 above agrees that it will notify the Borrower as soon as practicable if the conditions giving rise to
the illegality cease to exist. 
 Section 2.17 Conversion of Advances. The Borrower may on any Business Day, upon
notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Section 2.02(b),
Section 2.09 and Section 2.16, Convert all Advances of one Type comprising the same Borrowing into Advances of the other Type; provided, however, that (i) any Conversion of any Eurodollar Rate
Advances into Base Rate Advances shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advances, except as provided in Section 2.16, and (ii) Advances comprising a Borrowing may not be
Converted into Eurodollar Rate Advances if the outstanding principal amount of such Borrowing is less than $10,000,000 or if any Event of Default shall have occurred and be continuing on the date the related notice of Conversion would otherwise be
given pursuant to this Section 2.17. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such
Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower. If any Event of Default shall have occurred and be continuing
on the third Business Day prior to the last day of any Interest Period for any Eurodollar Rate Advances, the Borrower agrees to Convert all such Advances into Base Rate Advances on the last day of such Interest Period. 

Section 2.18 Replacement of Bank. If any Bank requests compensation under Section 2.13, or if the Borrower
is required to pay any additional amounts to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 2.14 and, in each case, such Bank has declined or is unable to designate a different lending
office in accordance with Section 2.14(g), or if any Bank exercises its rights under Section 2.16, or if any Bank does not consent to a proposed amendment, waiver, consent or modification with respect to any
Loan Document that requires the consent of each Bank and that has been approved by the Required Banks (such Bank, a “Non-Consenting Lender”), or if any Bank is a Defaulting Lender, then the Borrower may, at its sole expense
and effort, upon notice to such Bank and the Administrative Agent, require such Bank to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by,
Section 8.08), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Bank, if a Bank accepts such
assignment), provided that, (i) the Borrower shall have paid (or made arrangements for such payment) to the Administrative Agent the assignment fee specified in Section 8.08; (ii) such Bank shall have received
payment of an amount equal to the outstanding principal of its Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 2.12) from the assignee and/or the Borrower; (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.13 or payments required to be made pursuant to
Section 2.14, such assignment will result in a reduction in such compensation or payments thereafter; (iv) such assignment does not conflict with applicable law; and (v) in the case of any assignment resulting from a
Bank becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

  
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 Section 2.19 Evidence of Indebtedness. Each Bank shall maintain in accordance
with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Bank resulting from each Advance owing to such Bank from time to time, including the amounts of principal and interest payable and paid to such Bank
from time to time hereunder. The Borrower agrees that upon notice by any Bank to the Borrower (with a copy of such notice to the Administrative Agent) to the effect that a Promissory Note or other evidence of indebtedness is required or appropriate
in order for such Bank to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to be made by, such Bank, the Borrower shall promptly execute and deliver to such Bank, with a copy to the Administrative Agent,
a Note in substantially the form of Exhibit A hereto, payable to the order of such Bank in a principal amount equal to the Revolving Credit Commitment of such Bank. All references to Notes in the Loan Documents shall mean Notes, if
any, to the extent issued hereunder. 
 Section 2.20 Increase in the Aggregate Revolving Credit Commitments; Increase in
Letter of Credit Commitment. 
 (a) The Borrower may, at any time and from time to time prior to the
Termination Date but in any event not more than once in any 12 month period, by notice to the Administrative Agent, elect to increase the aggregate amount of the Revolving Credit Commitments by an amount of not less than $20,000,000 and in integral
multiples of $10,000,000 in excess thereof (each a “Commitment Increase”) to be effective as of a date (the “Increase Date”) as specified in the related notice to the Administrative Agent;
provided, however, that (i) in no event shall the aggregate amount of the Revolving Credit Commitments at any time exceed $1,500,000,000 and (ii) on the date of any request by the Borrower for a Commitment Increase and on the
related Increase Date, the applicable conditions set forth in Section 3.02 shall be satisfied. 
 (b) To achieve the full amount of a requested increase, and subject to the approval of the Administrative Agent and each Issuing Bank (which approvals shall not be unreasonably withheld), the Borrower may
(i) request that one or more Banks increase their Revolving Credit Commitments, (ii) invite all Banks to increase their respective Revolving Credit Commitment, and/or (iii) invite additional Eligible Assignees to become Banks pursuant
to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent. 
 (c) In the
event that the Borrower has indicated its wish for the Commitment Increase to be comprised in whole or in part from increases in the Revolving Credit Commitments of the Banks, the Administrative Agent shall promptly notify the Banks of a request by
the Borrower for a Commitment Increase, which notice shall include (i) the proposed amount of such requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Banks wishing to participate in the
Commitment Increase must commit to an increase in the amount of their respective Revolving Credit Commitments (the “Commitment Date”). No Bank shall be required to increase its Revolving Credit Commitment, and may decide
whether to do so in its sole discretion. Each Bank shall notify the Administrative Agent within the requested time period whether or not it agrees to increase its Revolving Credit Commitment and, if so, in what amount. Any Bank not responding within
the requested time period shall be deemed to have declined to increase its Revolving Credit Commitment. The Administrative Agent shall promptly notify the Borrower of the Banks’ responses to each request made hereunder. 

(d) Promptly following each Commitment Date, the Administrative Agent shall notify the Borrower of the amount by which
each Bank and/or Eligible Assignee, as the case may be, is 

  
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willing to commit to the requested Commitment Increase, and the Borrower will promptly notify the Administrative Agent of the Commitment Increase that it wishes to allocate to such Bank (each an
“Increasing Lender”) or Eligible Assignee (each such Eligible Assignee, an “Assuming Lender”), as the case may be; provided, however, that the Revolving Credit Commitment of each such
Eligible Assignee shall be in an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof. The Borrower, at its discretion, may withdraw its request for a Commitment Increase at any time prior to the Increase Date. 

(e) On each Increase Date, each Assuming Lender shall become a Bank party to this Agreement with a Revolving Credit
Commitment, and the Revolving Credit Commitment of each Increasing Lender shall be increased by, in each case, the amount of the Commitment Increase allocated to it by the Borrower, with the consent of each Issuing Bank; provided,
however, that the Administrative Agent shall have received on or before such Increase Date the following, each dated such date: 
 (i) a joinder agreement from each Assuming Lender, if any, in form and substance satisfactory to the Borrower and the Administrative Agent, duly executed by such Eligible Assignee, the Administrative
Agent and the Borrower; and 
 (ii) confirmation from each Increasing Lender of the increase in the amount of its
Commitment in a writing satisfactory to the Borrower and the Administrative Agent. 
 (f) At any time, any
Issuing Bank and the Borrower may agree to increase the Letter of Credit Commitment of such Issuing Bank with the consent of the Administrative Agent which shall not be unreasonably withheld. 

(g) Any Bank may become an Issuing Bank by written agreement between such Bank and the Borrower, subject to notice to and
the consent of the Administrative Agent. The Administrative Agent shall notify the Banks of the designation of any additional Issuing Bank hereunder. 
 (h) On each Increase Date, upon fulfillment of the conditions set forth in Section 2.20(e), at the time any Issuing Bank and the Borrower agree to increase the Letter of Credit
Commitment of such Issuing Bank pursuant to Section 2.20(f), and at the time any Bank becomes an Issuing Bank pursuant to Section 2.20(g), the Administrative Agent shall notify the Banks (including each Assuming
Lender, if applicable) and the Borrower, on or before 1:00 P.M. (New York City time) of the occurrence of the Commitment Increase to be effected on the applicable Increase Date, the Letter of Credit Commitment increase and the effective date thereof
or any Bank becoming an Issuing Bank and the effective date thereof, as the case may be, and, in each case shall record in the Register the relevant information with respect to each Increasing Lender, each Assuming Lender, each Letter of Credit
Commitment increase or adjustment, as applicable, and any addition of an Issuing Bank, as applicable, on such date. On the last day of the first Interest Period ending after an Increase Date, the Borrower shall make such Borrowings and prepayments
as shall be necessary to cause the outstanding Advances to be ratable with the revised Commitments resulting from any non-ratable increase in the Commitments under this Section 2.20. 

  
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 Section 2.21 Defaulting Lenders. 

(a) Reallocation of Defaulting Lender Commitment, Etc. If a Bank becomes, and during the period it remains, a
Defaulting Lender, the following provisions shall apply with respect to any outstanding L/C Exposure of such Defaulting Lender: 
 (i) the L/C Exposure of such Defaulting Lender will, subject to the limitations in provisos (A) and (B) below, automatically be reallocated (effective on the day such
Bank becomes a Defaulting Lender) among the Non-Defaulting Lenders pro rata in accordance with their respective Commitments; provided that (A) no Event of Default shall have occurred and be continuing, (B) the
sum of each Non-Defaulting Lender’s total Revolving Credit Exposure and its Pro Rata Share of the L/C Exposure may not in any event exceed the Commitment of such Non-Defaulting Lender as in effect at the time of such reallocation, and
(C) neither such reallocation nor any payment by a Non-Defaulting Lender pursuant thereto will constitute a waiver or release of any claim the Borrower, the Administrative Agent, the Issuing Banks or any other Bank may have against such
Defaulting Lender or cause such Defaulting Lender to be a Non-Defaulting Lender; and 
 (ii) to the extent that
any portion (the “unreallocated portion”) of the Defaulting Lender’s L/C Exposure cannot be so reallocated, whether by reason of proviso (A) or (B) in clause
(i) above or otherwise, the Borrower will, not later than five Business Days after demand by the Administrative Agent (at the direction of the applicable Issuing Banks), (A) Cash Collateralize the obligations of the Borrower to the
applicable Issuing Banks in respect of such L/C Exposure in an amount at least equal to the aggregate amount of the unreallocated portion of such L/C Exposure or (B) make other arrangements satisfactory to the Administrative Agent, and to the
applicable Issuing Banks in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender. 
 (b) Defaulting Lender Waterfall. Any amount paid by the Borrower or otherwise received by the Administrative Agent for the account of a Defaulting Lender under this Agreement (whether on account of
principal, interest, fees, indemnity payments or other amounts) shall, in lieu of being paid or distributed to such Defaulting Lender, be applied by the Administrative Agent, to the fullest extent permitted by law, to the making of payments from
time to time in the following order of priority: first to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent under this Agreement, second to the payment of any amounts owing by such Defaulting Lender
to the applicable Issuing Banks (pro rata as to the respective amounts owing to each of them) under this Agreement, third if requested by an Issuing Bank, in the event and to the extent that the Borrower has not satisfied its
obligations under Section 2.21(a)(ii), held in a segregated non-interest bearing account for future funding obligations of such Defaulting Lender in respect of any unreallocated portion of such Defaulting Lender’s L/C
Exposure, fourth, if such Defaulting Lender’s Unused Revolving Credit Commitment has not been terminated pursuant to Section 2.21(f), to make any Revolving Credit Advance not made by such Defaulting Lender to the
extent such Revolving Credit Advance was not made by the Non-Defaulting Lenders and fifth to such Defaulting Lender or as a court of competent jurisdiction may otherwise direct. 

(c) Cash Collateral Call. If any Bank becomes, and during the period it remains, a Defaulting Lender, if any Letter
of Credit is at the time outstanding, the applicable Issuing Bank may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.21(a)), by notice to the Borrower
and such Defaulting Lender through the Administrative Agent, require the Borrower to Cash Collateralize the obligations of the Borrower to such Issuing Bank in respect of such Letter of Credit in amount at least equal to the aggregate amount of the
unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to such Issuing Bank in its sole discretion to
protect it against the risk of non-payment by such Defaulting Lender. 

  
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 (d) Right to Give Drawdown Notices. In furtherance of the foregoing,
if any Bank becomes, and during the period it remains, a Defaulting Lender, each Issuing Bank is hereby authorized by the Borrower (which authorization is irrevocable and coupled with an interest) to give, in its discretion, through the
Administrative Agent, Notices of Revolving Credit Borrowing pursuant to Section 2.02 in such amounts and in such times as may be required to (i) reimburse an unreimbursed drawing under any outstanding Letter of Credit and/or
(ii) Cash Collateralize the obligations of the Borrower in respect of outstanding Letters of Credit in an amount at least equal to the aggregate amount of the obligations (contingent or otherwise) of such Defaulting Lender in respect of such
Letter of Credit. 
 (e) Fees. Anything herein to the contrary notwithstanding, during such period as a
Bank is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to Section 2.04(a) and Section 2.04(b) (without prejudice to the rights of the
Non-Defaulting Lenders in respect of such fees). In the event and to the extent that all or a portion of the L/C Exposure of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.21(a), the fees
that would have accrued for the benefit of such Defaulting Lender pursuant to Section 2.04(a) and Section 2.04(b) will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders,
pro rata in accordance with their respective Commitments; and to the extent that all or any portion of such L/C Exposure cannot be reallocated, such fees will instead accrue for the benefit of and be payable to the applicable Issuing
Bank and the pro rata payment provisions of Section 2.15 will automatically be deemed adjusted to reflect the provisions of this Section. 

(f) Termination of Defaulting Lender Commitment. The Borrower may terminate any Defaulting Lender’s Unused
Revolving Credit Commitment, and, if applicable, the unused amount of any Defaulting Lender’s Letter of Credit Commitment upon not less than three Business Days’ prior notice to the Administrative Agent (which will promptly notify the
Banks thereof), and in such event the provisions of Section 2.21(b) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal,
interest, fees, indemnity or other amounts), provided that neither such termination nor any other provision, or act taken by the Borrower, hereunder will be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent,
the Issuing Banks or any Bank may have against such Defaulting Lender. 
 (g) Replacement of Defaulting
Lender. The Borrower may require a Defaulting Lender to assign and delegate its interests, rights and obligations under this Agreement in accordance with Section 2.18. 

(h) Cure. If the Borrower, the Administrative Agent, and the Issuing Banks agree in writing in their discretion
that a Bank that is a Defaulting Lender should no longer be deemed to be a Defaulting Lender, as the case may be, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to
any conditions set forth therein (which may include arrangements with respect to any amounts then held in the segregated account referred to in Section 2.21(b)), such Bank will, to the extent applicable, purchase at par such
portion of outstanding Advances of the other Banks and/or make such other adjustments as the Administrative Agent may determine to be necessary to cause the Revolving Credit Exposure and L/C Exposure of the Banks to be on a pro rata
basis in accordance with their respective Commitments, whereupon such Bank will cease to be a Defaulting Lender and will be a Non-Defaulting Lender (and the Revolving Credit Exposure and L/C Exposure of each Bank will automatically be adjusted
on a prospective basis to reflect the foregoing); provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Bank was a Defaulting Lender; and
provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or release of any claim of any party
hereunder arising from such Bank’s having been a Defaulting Lender. 

  
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 ARTICLE III 
 CONDITIONS OF LENDING 
 Section 3.01 Conditions Precedent to
Effectiveness. This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the Administrative Agent shall have received counterparts of this Agreement duly executed by the Borrower
and all of the Banks and the following additional conditions precedent shall have been satisfied, except that Section 2.04(a) shall become effective as of the first date on which the Administrative Agent shall have received
counterparts of this Agreement duly executed by the Borrower and all of the Banks: 
 (a) The Borrower shall have
notified the Administrative Agent in writing as to the proposed Effective Date. 
 (b) The Administrative Agent
shall have received on or before the Effective Date the following, each dated such day, in form and substance reasonably satisfactory to the Administrative Agent and each Bank: 

(i) The Notes duly executed by the Borrower to the order of the Banks to the extent requested by any Bank pursuant to
Section 2.19. 
 (ii) The Guarantee duly executed by each Subsidiary Guarantor. 

(iii) Certified copies of the resolutions of the Governing Body of each Loan Party approving each Loan Document to which
it is a party, and of all documents evidencing other necessary corporate or organizational action and governmental approvals, if any, with respect to each Loan Document. 

(iv) A copy of a certificate of the Secretary of State of the jurisdiction of incorporation of each Loan Party, dated
reasonably near the Effective Date certifying (A) as to a true and correct copy of the charter or other formation document, as the case may be, of such Loan Party and each amendment thereto on file in such Secretary of State’s office and
(B) that (1) such amendments are the only amendments to such Loan Party’s charter on file in such Secretary’s office, and (2) such Loan Party is duly organized and in good standing or presently subsisting under the laws of
the State of the jurisdiction of its organization. 
 (v) A certificate of each Loan Party signed on behalf of
such Loan Party by its Secretary or any Assistant Secretary, dated the Effective Date (the statements made in which certificate shall be true on and as of the Effective Date), certifying as to (A) the absence of any amendments to the charter or
other formation document, as the case may be, of such Loan Party since the date of the Secretary of State’s certificate referred to in Section 3.01(b)(iv), (B) a true and correct copy of the bylaws, limited liability
company agreement or partnership agreement, as the case may be, of such Loan Party as in effect on the date on which the resolutions referred to in Section 3.01(b)(iii) were adopted and on the Effective Date, and (C) the due
organization and good standing or valid existence of such Loan Party as a corporation, limited liability company or limited partnership organized under the laws of the jurisdiction of its organization, and the absence of any proceeding for the
dissolution or liquidation of such Loan Party. 

  
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 (vi) A certificate of the Secretary or an Assistant Secretary of each Loan
Party certifying the names and true signatures of the officers of such Loan Party authorized to sign each Loan Document to which it is a party and the other documents to be delivered by the Loan Parties hereunder. 

(vii) A certificate signed by a Responsible Officer of the Borrower certifying (A) that the conditions specified in
Section 3.02(a) and Section 3.02(b) have been satisfied, (B) that there has been no event or circumstance since December 31, 2010 that has had or could be reasonably expected to have, either
individually or in the aggregate, a Material Adverse Effect and (C) that as of September 30, 2011, the Borrower was in compliance with the financial covenants set forth in Section 5.03 of the Existing Credit Agreement.

 (viii) A favorable opinion of Jeff King, Vice President–Legal, of the Borrower, in form satisfactory to
the Banks. 
 (ix) A favorable opinion of Andrews Kurth, LLP, counsel for the Loan Parties, in form satisfactory
to the Banks. 
 (c) Evidence that the Commitments (as such term is defined in Existing Credit Agreement) under
the Existing Credit Agreement have been, or concurrently with the Effective Date are being, terminated, that from and after the Effective Date all Letters of Credit (as therein defined) then outstanding shall cease to be treated as “Letters of
Credit” for purposes of the Existing Credit Agreement and shall instead be “Existing Letters of Credit” as herein defined, and all amounts then due and outstanding under the Existing Credit Agreement have been, or concurrently with
the Effective Date are being, repaid in full. 
 (d) All accrued fees and reasonable out-of-pocket expenses of
the Joint Lead Arrangers (including the reasonable fees and expenses of counsel to the Joint Lead Arrangers for which invoices have been submitted) shall have been paid. 

(e) The Borrower shall have paid all accrued fees and reasonable out-of-pocket expenses of the Administrative Agent
(including reasonable fees and expenses of counsel for which invoices have been submitted). 
 (f) Any other fees
required to be paid by the Borrower on or before the Effective Date shall have been paid. 
 Section 3.02 Conditions
Precedent to Each Revolving Credit Advance, Each Commitment Increase and Each Issuance, Renewal, Amendment, Increase and Extension of Each Letter of Credit. The obligation of each Bank to make an Advance (other than a Letter of Credit Advance
made by an Issuing Bank or a Revolving Credit Bank pursuant to Section 2.03(d)) (including the initial Revolving Credit Advance) and each Issuing Bank to issue, renew, extend or amend Letters of Credit (including the initial
Letter of Credit), each Commitment Increase and each amendment of a Letter of Credit that has the effect of increasing the Available Amount of such Letter of Credit or extending the expiration date thereof shall be subject to the conditions
precedent that on the date of such Advance, such Commitment Increase or such issuance, renewal, extension, amendment or increase of a Letter of Credit, the following statements shall be true (and each of the giving of the applicable Notice of
Revolving Credit Borrowing, Notice of Issuance and Application for Letter of Credit, request for amendment of any Letter of Credit, request for a Commitment Increase, request for increase of a Letter of Credit or extending the Expiration Date
thereof and the acceptance by the Borrower of the proceeds of such Advance or such Commitment Increase, such Letter of Credit or of the renewal, amendment, increase or extension of such Letter of Credit shall

  
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constitute a representation and warranty by the Borrower that on the date of such Advance, such Commitment Increase or such issuance, renewal, amendment, increase or extension of such Letter of
Credit such statements are true): 
 (a) the representations and warranties contained in each Loan Document are
correct on and as of the date of such Revolving Credit Advance, Commitment Increase or such issuance, renewal, amendment, increase or extension of a Letter of Credit (except to the extent that such representations and warranties specifically refer
to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section, the representations and warranties contained in Section 4.01(f) and Section 4.01(g)
shall be deemed to refer to the most recent statements furnished pursuant to clauses (i) and (ii), as applicable, of Section 5.01(d)) before and after giving effect to such Revolving Credit
Advance, Commitment Increase or such issuance, renewal, amendment, increase or extension of a Letter of Credit and to the application of the proceeds therefrom, as though made on and as of such date; 

(b) no event has occurred and is continuing, or would result from such Borrowing or such issuance or renewal or from the
application of the proceeds therefrom, which constitutes a Default or an Event of Default; 
 (c) there exists no
request or directive issued by any Governmental Authority, central bank or comparable agency, injunction, stay, order, litigation or proceeding purporting to affect or calling into question the legality, validity or enforceability of any Loan
Document or the consummation of any transaction (including any Advance or proposed Advance or issuance, renewal, amendment, increase or extension of a Letter of Credit or proposed Letter of Credit) contemplated hereby; and 

(d) the Administrative Agent and any applicable Issuing Bank shall have received a Notice of Revolving Credit Borrowing or
Notice of Issuance and Application for Letter of Credit, as applicable, in accordance with the requirements hereof. 
 The
acceptance of the benefits of each Revolving Credit Advance, each Commitment Increase and each issuance, renewal, amendment, increase and extension of each Letter of Credit shall constitute a representation and warranty by the Borrower to each of
the Banks that each of the conditions specified in clauses (a), (b) and (c) above have been satisfied on and as of the date of such acceptance. 

Section 3.03 Determinations Under Section 3.01. For purposes of determining compliance with the conditions
specified in Section 3.01, a Bank shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory
to such Persons unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Person prior to the date that the Borrower, by notice to the Administrative Agent,
designates as the proposed Effective Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Banks and the Borrower of the occurrence of the Effective Date, which notice shall be conclusive and binding. 

  
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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 Section 4.01 Representations and
Warranties of the Borrower. The Borrower represents and warrants as follows: 
 (a) Each Loan Party and each
of its Subsidiaries (i) is a corporation, limited liability company or limited partnership duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is duly qualified and in good
standing as a foreign corporation, company or limited partnership in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it to so qualify or be licensed and (iii) has all requisite
corporate, limited liability company or partnership (as applicable) power and authority (including all permits, approvals, licenses or other authorizations) to (A) own or lease and operate its properties and to carry on its business as now
conducted and as proposed to be conducted and (B) execute, deliver and perform its obligations under the Loan Documents to which it is a party, except in each case referred to in clauses (ii) or (iii)(A) for any
failures to be so organized, existing, qualified to do business or in good standing or to have such power and authority which could not reasonably be expected, individually or in the aggregate, have a Material Adverse Effect. 

(b) Set forth on Schedule 4.01(b) hereto is a list of the Loan Parties and their direct Subsidiaries as of
the Effective Date, showing as of the Effective Date hereof as to each such Person the jurisdiction of its organization, the number of shares, membership interests or partnership interests (as applicable) of each class of its Equity Interests
authorized, and the number outstanding, on the date hereof and the percentage of each such class of its Equity Interests owned (directly or indirectly) by the applicable Loan Party. All of the outstanding Equity Interests in each Subsidiary
Guarantor have been validly issued, are fully paid and non-assessable and are owned by the Borrower or one or more of its Subsidiaries free and clear of all Liens. As of the date hereof, the copy of the charter of the Borrower and each Subsidiary
Guarantor and each amendment thereto provided pursuant to Section 3.01(b)(iv) is a true and correct copy of each such document, each of which is valid and in full force and effect. 

(c) The execution, delivery and performance by each Loan Party of each Loan Document to which it is or is to be a party
and the consummation of the transactions contemplated hereby or thereby (including each Revolving Credit Borrowing and issuance or renewal of a Letter of Credit hereunder and the use of the proceeds thereof) and the transactions contemplated thereby
(i) are within such Loan Party’s organizational power, (ii) have been duly authorized by all necessary organizational action, and (iii) do not contravene (A) such Loan Party’s certificate of organization, by-laws or
other governing document, (B) any law, rule, regulation, order, writ, injunction or decree applicable to such Loan Party, or (C) any contractual restriction under any material agreements binding on or affecting such Loan Party or any
Subsidiary of such Loan Party or any other contractual restriction the contravention of which would have a Material Adverse Effect. 
 (d) No authorization, approval, consent, license or other action by, and no notice to or filing with, any Governmental Authority, and no material approval, consent, license or other action by any other
Person, is required for the due execution, delivery and performance by, or enforcement against, any Loan Party of each Loan Document to which it is or is to be a party, or for the consummation of the transactions contemplated hereby or thereby
(including each Revolving Credit Borrowing and issuance or renewal of a Letter of Credit hereunder and the use of the proceeds thereof) and the transactions contemplated thereby, except consents, authorizations, filings and notices which have been
obtained or made and are in full force and effect. 
 (e) This Agreement has been, and each other Loan Document
when delivered hereunder will have been, duly executed and delivered by each Loan Party party thereto and constitute legal, valid and binding obligations of each Loan Party party thereto enforceable against such Loan Party in accordance with their
respective terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally. 

  
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 (f) The consolidated balance sheet of the Borrower and its consolidated
Subsidiaries as at December 31, 2010, and the related consolidated statement of income, consolidated Shareholders’ Equity and consolidated statement of cash flows of the Borrower and its consolidated Subsidiaries for the fiscal year then
ended (accompanied by an unqualified opinion of KPMG LLP, independent public accountants) and the consolidated results of operations of the Borrower and its consolidated Subsidiaries for the fiscal year then ended, (i) have been furnished to
each Bank, (ii) were prepared in accordance with GAAP applied on a consistent basis, (iii) fairly present the financial condition of the Borrower and its consolidated Subsidiaries as of the date thereof and their results of operations for
the period covered thereby in accordance with GAAP applied on a consistent bases, except as otherwise expressly noted therein, and (iv) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its
consolidated Subsidiaries as of the date thereof, including liabilities for taxes, material commitments, and Indebtedness. Since December 31, 2010 through the date hereof there has been no Material Adverse Change. 

(g) The unaudited consolidated balance sheets of the Borrower and its consolidated Subsidiaries dated as at
September 30, 2011, and the related consolidated statements of income or operations, consolidated Shareholders’ Equity and cash flows for the fiscal quarter ended on that date (i) have been furnished to each Bank, (ii) were
prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (iii) fairly present the financial condition of the Borrower and its consolidated Subsidiaries as of
the date thereof and their results of operations for the period covered thereby. 
 (h) Each Loan Party and its
Subsidiaries is in compliance, in all material respects, with the requirements of all applicable laws, rules, regulations and orders, including ERISA, Environmental Laws and Environmental Permits. 

(i) As of the Effective Date, each Loan Party is, individually and together with its Subsidiaries, Solvent. 

(j) (i) There are no actions, suits, investigations, proceedings, claims or disputes pending against or, to the
Borrower’s knowledge threatened against or affecting, the Borrower, any of its Subsidiaries or any of its or their respective rights or properties, at law, in equity, in arbitration or before any court or by or before any arbitrator or
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, (A) that draws into question or purports to affect any transaction contemplated by this Agreement or the legality, validity, binding effect or
enforceability of the Borrower’s Obligations, the Loan Documents or the rights and remedies of the Banks relating to this Agreement and the other Loan Documents, or (B) other than as set forth in (x) Forms 10-K for the fiscal year
ended December 31, 2010 and 10-Q for the fiscal quarter ended September 30, 2011 filed by the Borrower with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, and (y) the Confidential
Information Memorandum prepared in connection with this Agreement, that could reasonably be expected to have a Material Adverse Effect, and 
 (ii) There has been no material adverse change in the status of any matter described in clause (x) or (y) of the above subsection (j)(i) that could
reasonably be likely to have a Material Adverse Effect. 
 (k) Neither the Borrower nor any Subsidiary is engaged
in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U). No proceeds of any Advance or any Letter of Credit will be used in any manner that is not permitted by
Section 5.02(i). Following the application of the proceeds of each Borrowing or drawing under each 

  
 50 

 
Letter of Credit, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a consolidated basis) subject to the provisions of
Section 5.02(a) or Section 5.02(e) or subject to any restriction contained in any agreement or instrument between the Borrower and any Bank or any Affiliate of any Bank relating to Indebtedness and within the
scope of Section 6.01(d) will be margin stock. 
 (l) No Loan Party is an “investment
company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
 (m) No statement or information contained in this Agreement or any other document, certificate or statement furnished to the Administrative Agent or the Banks by or on behalf of any Loan Party for use in
connection with the transactions contemplated by this Agreement or the other Loan Documents (as modified or supplemented by other information furnished) contains as of the date such statement, information, document or certificate was so furnished
any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements contained herein or therein not misleading in light of the circumstances under which they were made; provided,
however, that, with respect to any such information, exhibit or report consisting of statements, estimates, pro forma financial information, forward-looking statements and projections regarding the future performance of the Borrower or any of
its Subsidiaries (“Projections”), no representation or warranty is made other than that such Projections have been prepared in good faith based upon assumptions believed to be reasonable at the time. 

(n) Other than as could not reasonably be expected to have a Material Adverse Effect, (i) there are no strikes,
lockouts or other material labor disputes or grievances against the Borrower or any of its Subsidiaries, or, to the Borrower’s knowledge, threatened against or affecting the Borrower or any of its Subsidiaries, and (ii) no significant
unfair labor practice charges or grievances are pending against the Borrower or any of its Subsidiaries, or to the Borrower’s knowledge, threatened against any of them before any Governmental Authority. All payments due from the Borrower or any
of its Subsidiaries pursuant to the provisions of any collective bargaining agreement have been paid or accrued as a liability on the books of the Borrower or such Subsidiary, except where the failure to do so could not reasonably be expected to
have a Material Adverse Effect. 
 (o) (i) Each Loan Party and its ERISA Affiliates have operated and
administered each Plan in compliance with ERISA and all applicable laws except for such instances of noncompliance as have not resulted in and could not reasonably be expected to result in a Material Adverse Effect. 

(ii) No ERISA Event has occurred or is reasonably expected to occur with respect to any Plan that has resulted in or could
reasonably be expected to result in a Material Adverse Effect. 
 (iii) No Loan Party and no ERISA Affiliate has
incurred or is reasonably expected to incur any Withdrawal Liability to any Multiemployer Plan that has resulted in or could reasonably be expected to result in a Material Adverse Effect. 

(iv) No Loan Party and no ERISA Affiliate has been notified by the sponsor of a Multiemployer Plan that such Multiemployer
Plan is in reorganization or has been terminated, within the meaning of Title IV of ERISA, and no such Multiemployer Plan is reasonably expected to be in reorganization or to be terminated, within the meaning of Title IV of ERISA to the extent such
termination or reorganization has resulted in or is reasonably expected to result in a Material Adverse Effect. 

  
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 (v) The present value of the aggregate benefit liabilities under each of the
Plans of the Borrower (other than Multiemployer Plans), determined as of the end of such Plan’s most recently ended plan year on the basis of the actuarial assumptions specified for funding purposes in such Plan’s most recent actuarial
valuation report, did not exceed the aggregate current value of the assets of such Plan as of such determination date allocable to such benefit liabilities by more than the amount disclosed in the Borrower’s financial statements for the year
ended December 31, 2010 and each Plan will be able to fulfill its benefit obligations as they come due in accordance with the Plan documents and under GAAP, except in each case where such excess or such inability could not reasonably be
expected to have a Material Adverse Effect. The term “benefit liabilities” has the meaning specified in Section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in
Section 3 of ERISA. 
 (vi) The execution and delivery of this Agreement, the other Loan Documents
and any related documents will not involve any transaction that is subject to the prohibitions of Section 406 of ERISA or in connection with which a tax could be imposed pursuant to Section 4975(c)(1)(A)-(D) of the Code,
except in each case where the imposition of such tax could not reasonably be expected to have a Material Adverse Effect. 
 (vii) The expected post-retirement benefit obligation (determined as of the last day of the Borrower’s most recently ended fiscal year in accordance with FASB ASC 715-60, without regard to
liabilities attributable to continuation coverage mandated by Section 4980B of the Code) of the Borrower is properly accounted for in accordance with GAAP in all material respects in the Borrower’s financial statements most recently
delivered pursuant to Section 5.01(d)(ii) for the relevant year ended. 
 (p) (i) Except where
such event could not, individually or in the aggregate with other similar events, reasonably be expected to have a Material Adverse Effect, the operations and properties of each Loan Party and each of its Subsidiaries comply with all applicable
Environmental Laws and Environmental Permits, all past non-compliance with such Environmental Laws and Environmental Permits has been resolved without ongoing obligations or costs, and no circumstances exist that could be reasonably expected to
(A) form the basis of an Environmental Action against any Loan Party or any of its Subsidiaries or any of their properties or (B) cause any such property to be subject to any restrictions on ownership, occupancy, use or transferability
under any Environmental Law. 
 (ii) Except where such event could not, individually or in the aggregate with
other similar events, reasonably be expected to have a Material Adverse Effect, (A) none of the properties currently or formerly owned or operated by any Loan Party or any of its Subsidiaries is listed or proposed for listing on the NPL or on
the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property; (B) there are no and never have been any underground or aboveground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons
in which Hazardous Materials are being or have been treated, stored or disposed on any property currently owned or operated by any Loan Party or any of its Subsidiaries or, to the best of its knowledge, on any property formerly owned or operated by
any Loan Party or any of its Subsidiaries; (C) there is no asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or any of its Subsidiaries; and (D) Hazardous Materials have not been
released, discharged or disposed of on any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries. 
 (iii) All Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries
have been disposed of in a manner not reasonably expected to result, individually or in the aggregate, in a Material Adverse Effect. 

  
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 (q) (i) Neither any Loan Party nor any of its Subsidiaries is party to any
tax sharing agreement other than that certain Tax Sharing Agreement dated as of January 1, 2006 by and between Halliburton Company, KBR Holdings, LLC and the Borrower. 

(ii) Each Loan Party and each of its Subsidiaries has filed, or caused to be filed, all Federal, state and other material
tax returns and reports required to be filed, and has paid all material Federal, state and other taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable,
except taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as applicable, has set aside on its books adequate reserves. There is no proposed tax assessment against the Borrower or
any Subsidiary that would, if made, have a Material Adverse Effect. 
 (r) Each Loan Party and each of its
Subsidiaries maintains, or the Borrower or a Subsidiary of the Borrower maintains on behalf of such Loan Party or such Subsidiary, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks
as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which each Loan Party and such Subsidiary operates. 

(s) Each Loan Party has (i) good and marketable title to (in the case of fee interests in real property),
(ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets, in each case to the
extent reasonably necessary to the conduct of such Loan Party’s business. 
 (t) Neither the Borrower nor
any of its Subsidiaries is in violation of any laws relating to terrorism or money laundering, including the Patriot Act, except to the extent such violation could not reasonably be expected to have a Material Adverse Effect. 

(u) (i) None of the proceeds of the Advances made, nor Letters of Credit issued, under this Agreement will violate the
Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto.

 (ii) Neither the Borrower nor any Subsidiary (A) is, or will become, a Person described or designated in
the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control or in any applicable anti-terrorism order of any Governmental Authority or (B) engages or will engage in any dealings or transactions, or is or
will be otherwise associated, with any such Person. The Borrower and the Subsidiaries are in compliance, in all material respects, with the Patriot Act. 
 (iii) None of the proceeds of the Advances made, nor Letters of Credit issued, under this Agreement will be used, directly or indirectly, for any payments to any governmental official or employee,
political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign
Corrupt Practices Act of 1977, as amended, assuming in all cases that such Act applies to the Borrower or any of the Subsidiaries. 

  
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 (v) The Borrower has disclosed to the Administrative Agent and the Banks all
agreements, instruments and corporate or other restrictions to which the Borrower or any of its Subsidiaries is subject, and all other matters known to it, that, in each case, individually or in the aggregate, could reasonably be expected to result
in a Material Adverse Effect. 
 ARTICLE V 
 COVENANTS OF THE BORROWER 
 Section 5.01 Affirmative Covenants. So
long as any Advance or any other amount payable by the Borrower hereunder or under any other Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Bank shall have any Commitment hereunder, the Borrower will, unless the
Required Banks shall otherwise consent in writing: 
 (a) Compliance with Laws, Etc. Comply, and cause
each of its Subsidiaries to comply, with all applicable laws, rules, regulations and orders (including ERISA, Environmental Laws and Environmental Permits) except to the extent that failure to so comply (in the aggregate for all such failures) could
not reasonably be expected to have a Material Adverse Effect. 
 (b) Preservation of Corporate or
Organizational Existence, Etc. (i) Preserve and maintain and cause each of its Subsidiaries to preserve and maintain (unless, in the case of any Subsidiary, the Borrower or such Subsidiary determines that such preservation and maintenance
is no longer necessary in the conduct of the business of the Borrower and its Subsidiaries, taken as a whole), its corporate or organizational existence, rights (charter and statutory), franchises, permits, licenses, approvals and privileges in the
jurisdiction of its organization; provided, however, that the Borrower and its Subsidiaries may consummate any merger, consolidation conveyance, transfer, lease, disposition, spin-off, split-off or similar transaction permitted under
Section 5.02(d) and provided further that neither the Borrower nor any of its Subsidiaries shall be required to preserve any right, permit, license, approval, privilege, franchise or, solely in the case of
Subsidiaries, existence, where the failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (ii) qualify and remain qualified and cause each of its Subsidiaries to qualify and
remain qualified, as a foreign organization in each jurisdiction in which qualification is necessary or desirable in view of its business and operations or the ownership of its Properties, except where the failure to so qualify or remain qualified
could not, individually or in the aggregate, reasonably be expected to give rise to a Material Adverse Effect. 

(c) Payment of Taxes and Other Obligations, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and
discharge, their respective obligations and liabilities before the same shall become delinquent, including (i) all Indebtedness, as and when payable, subject to any subordination provisions; and (ii) all taxes, assessments, charges and
like levies levied or imposed upon it or upon its income, profits or Property prior to the date on which penalties attach thereto, and all lawful claims that, if unpaid, might by law become a Lien upon its Property; provided that neither the
Borrower nor any Subsidiary shall be required to pay and discharge any such tax, assessment, charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and Borrower or the applicable
Subsidiary shall have set aside on its books adequate reserves with respect thereto in accordance with GAAP or if the failure to pay, discharge or contest (in the aggregate for all such failures) could not reasonably be expected to have a Material
Adverse Effect. 
 (d) Reporting Requirements. Furnish to the Administrative Agent: 

(i) not later than 60 days after the end of each of the first three quarters of each fiscal year of the Borrower, the
consolidated balance sheet of the Borrower and its 

  
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consolidated Subsidiaries as at the end of such quarter and the consolidated statements of income and cash flows of the Borrower and its consolidated Subsidiaries for the period commencing at the
end of the previous fiscal year and ending with the end of such quarter, all in reasonable detail and duly certified (subject to normal year-end adjustments) by a Responsible Officer of the Borrower as having been prepared in accordance with GAAP
and fairly presenting the financial condition, results of operations, Shareholders’ Equity and the cash flows of the Borrower and its Subsidiaries in accordance with GAAP together with (A) a certificate of said officer stating that no
Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower has taken and proposes to take with respect thereto
and (B) a schedule in form satisfactory to the Administrative Agent of the computations used by the Borrower in determining compliance with the covenants contained in Section 5.03, including a reconciliation in reasonable
detail of the effect on Consolidated EBITDA of non-cash estimated project losses (including non-extraordinary items) and cash payments related thereto and the effect of excluding entities excluded because of the last sentence of
Section 1.03(a) with respect to FASB ASC 810, on the computation of compliance with the covenants contained in Section 5.03; 

(ii) not later than 90 days after the end of each fiscal year of the Borrower, copies of the audited consolidated balance
sheet of the Borrower and its consolidated Subsidiaries as at the end of such fiscal year and audited consolidated statements of income, retained earnings and cash flows of the Borrower and its consolidated Subsidiaries for such fiscal year, in each
case accompanied by an opinion as to such audit report of KPMG LLP or other independent public accountants of recognized standing acceptable to the Required Banks certified in a manner to which the Administrative Agent has not objected, together
with a certificate of a Responsible Officer of the Borrower (A) as to compliance with the terms of this Agreement, (B) stating that no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has
occurred and is continuing, a statement as to the nature thereof and the action that the Borrower has taken and proposes to take with respect thereto and (C) setting forth in reasonable detail the calculations necessary to demonstrate
compliance with Section 5.03 and reconciling in reasonable detail the effect of excluding entities excluded because of the last sentence of Section 1.03(a) with respect to FASB ASC 810, on the computation of
compliance with the covenants contained in Section 5.03; 
 (iii) promptly, and in any event
within five days after any Responsible Officer has obtained knowledge of the occurrence of any Default or Event of Default, written notice thereof setting forth details of such Default or Event of Default and the actions that the Borrower has taken
and proposes to take with respect thereto; 
 (iv) if the Indebtedness of the Borrower becomes rated by
Moody’s or S&P, promptly upon the Borrower obtaining knowledge thereof, notice of any withdrawal or change or proposed withdrawal or change of the rating of any of the Borrower’s Indebtedness by Moody’s or S&P; 

(v) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and
other materials filed by the Borrower or any Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission or distributed by the Borrower to its shareholders
generally; 
 (vi) promptly, and in any event within 10 Business Days, after a Responsible Officer has obtained
knowledge of the commencement or occurrence thereof, notice of (A) any 

  
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action, suit, investigation, litigation or proceeding before any Governmental Authority affecting any Loan Party or any of its Subsidiaries of the type described in Section 4.01(j)
which could reasonably be expected to have a Material Adverse Effect; and (B) any other matter that has resulted or could reasonably be expected to result in a Material Adverse Effect; 

(vii) in addition to any information, records, reports, notices, or other documents required to be provided under
subsections (A) through (D) below, any information provided by a Loan Party pursuant to this provision will include a written statement setting forth details as to such ERISA Event and the action, if any, that
each Loan Party and its ERISA Affiliates propose to take with respect thereto. 
 (A) Within 10 Business Days
after any Loan Party knows or has reason to know that any ERISA Event has occurred which is reasonably likely to result in liability to the Loan Party in excess of $25,000,000, a statement of a Responsible Officer of the Borrower describing such
ERISA Event and the action, if any, that such Loan Party or ERISA Affiliate has taken and proposes to take with respect thereto and on the date any records, documents or other information must be furnished to the PBGC with respect to any Plan
pursuant to ERISA, a copy of such records, documents and information. 
 (B) Within 10 Business Days after
receipt thereof by any Loan Party or any ERISA Affiliate from the sponsor of a Multiemployer Plan, copies of each notice concerning (1) the imposition of Withdrawal Liability by any such Multiemployer Plan, (2) the reorganization or
termination, within the meaning of Title IV of ERISA, of any such Multiemployer Plan, if the amount of liability incurred, or that may be incurred, by such Loan Party in connection with any event described in clause (1) or
(2) is reasonably likely to be in excess of $25,000,000. 
 (C) Within 10 Business days after
receipt thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC of its intention to seek termination of any Plan or of the appointment of a trustee thereunder, which in either case is reasonably likely to result in
liability to such Loan Party in excess of $25,000,000. 
 (D) Within 10 Business Days of the occurrence of any
event affecting any Plan which could result in the incurrence by any Loan Party or any ERISA Affiliate of any liability incurred, or that may be incurred, by any Loan Party under any post-retirement Welfare Plan that is reasonably likely to be in
excess of $25,000,000, copies of all notices related thereto. 
 (viii) such other information as any Bank
through the Administrative Agent may from time to time reasonably request. 
 Information required to be delivered pursuant to
Section 5.01(d)(i) or Section 5.01(d)(ii) shall be deemed to have been delivered on the date on which the Borrower provides notice to the Administrative Agent that such information has been posted on the
Borrower’s website on the Internet at http://www.kbr.com or at another website identified in such notice and accessible by the Banks without charge; provided that the Borrower shall deliver paper copies of the information referred to in
such Sections to the Administrative Agent for distribution to (x) any Bank to which the above referenced websites are for any reason not available if such Bank has so notified the Borrower and (y) any Bank that has notified the Borrower
that it desires paper copies of all such information; provided further that the Administrative Agent shall notify the Banks as 

  
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provided in Section 8.02 of any materials delivered pursuant to this Section 5.01(d) (other than clause (v) hereof). Information required
to be delivered pursuant to Section 5.01(d)(v) shall be deemed to have been delivered on the date when posted at the Borrower’s website on the Internet at http://www.kbr.com or at another website as identified by the
Borrower by notice to the Administrative Agent, provided that such other website shall be accessible by the Banks without charge. 
 (e) Inspections. At any reasonable time and from time to time, in each case upon reasonable notice to the Borrower and subject to any applicable restrictions or limitations on access to any
facility or information that is classified or restricted by contract or by law, regulation or governmental guidelines, permit each Bank to visit and inspect the properties of the Borrower or any Material Subsidiary of the Borrower, and to examine
and make copies of and abstracts from the records and books of account of the Borrower and its Material Subsidiaries and discuss the affairs, finances and accounts of the Borrower and its Material Subsidiaries with its and their officers and
independent accountants provided, however, that advance notice of any discussion with such independent public accountants shall be given to the Borrower and the Borrower shall have the opportunity to be present at any such discussion.

 (f) Keeping of Books. Keep proper books of record and account, in which full and correct entries shall
be made of all financial transactions and the assets and business of the Borrower and each Subsidiary in accordance with GAAP on a consolidated basis. 
 (g) Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Material Subsidiaries to maintain and preserve, all of its material properties that are used or useful in the
conduct of the business of the Borrower and its Material Subsidiaries, taken as a whole, in good working order and condition, ordinary wear and tear excepted. 
 (h) Maintenance of Insurance. Maintain, and cause each of its Material Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and
covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Borrower or such Material Subsidiary operates; provided that the Loan Parties shall be
permitted to self-insure in such amounts and covering such risks as is usual and customary among companies engaged in similar businesses and owning similar properties in the same general areas in which the Borrower or such Material Subsidiary
operates. 
 (i) Transactions with Affiliates. Conduct, and cause each of its Subsidiaries to conduct, all
transactions with any Affiliate on terms that are fair and reasonable and no less favorable to the Borrower or such Subsidiary, than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate; provided,
however, that the foregoing restriction shall not apply to transactions in the ordinary course of business between or among the Borrower and its Subsidiaries or to other transactions between or among the Borrower and its wholly-owned
Subsidiaries. 
 (j) Covenant to Guarantee Obligations. After the date hereof, upon (i) the formation
or acquisition of any Material Domestic Subsidiary that is a First Tier Domestic Subsidiary or a Second Tier Domestic Subsidiary, or (ii) a Subsidiary becoming a Material Domestic Subsidiary that is either a First Tier Domestic Subsidiary or a
Second Tier Domestic Subsidiary, at the Borrower’s expense: (A) within 10 Business Days after such formation or acquisition or, in case of clause (ii) above, within 10 days after the delivery of the financial
statements required by Section 5.01(d) for the fiscal quarter during which such Subsidiary becomes a Material Domestic Subsidiary that is a First Tier Subsidiary or a Second Tier Subsidiary, cause each such Material Domestic
Subsidiary to execute and deliver to the 

  
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Administrative Agent a supplement to the Guarantee, in form and substance reasonably satisfactory to the Administrative Agent, guaranteeing the other Loan Parties’ Obligations under the Loan
Documents (each a “Guarantee Supplement”); (B) within 60 days after such request, formation or acquisition, deliver to the Administrative Agent, upon the request of the Administrative Agent in its sole discretion, a
signed copy of a favorable opinion, addressed to the Administrative Agent and the Banks, of counsel for the Loan Parties reasonably acceptable to the Administrative Agent as to (1) such Guarantee Supplement being the legal, valid and binding
obligations of each additional Subsidiary Guarantor party thereto enforceable in accordance with its terms and (2) such other matters as the Administrative Agent may reasonably request; and (C) at any time and from time to time, promptly
execute and deliver, and cause each Loan Party and each such additional Subsidiary Guarantor to execute and deliver, any and all further instruments and documents and take, and cause each Loan Party and each such additional Subsidiary Guarantor to
take, all such other action as the Administrative Agent may reasonably deem necessary or desirable in obtaining the full benefits of the Guarantee. In addition, the Borrower (i) shall comply with the requirements set forth in the definition of
“Subsidiary Guarantor” and (ii) may cause any other Subsidiary to become a Subsidiary Guarantor by delivering a Guarantee Supplement to the Guarantee and within 60 days thereafter, deliver to the Administrative Agent, upon the request
of the Administrative Agent in its sole discretion, an opinion of counsel for the Loan Parties, addressed to the Administrative Agent and the Banks and reasonably acceptable to the Administrative Agent as to (A) such Guarantee Supplement being
the legal, valid and binding obligations of each additional Subsidiary Guarantor party thereto enforceable in accordance with its terms and (B) such other matters as the Administrative Agent may reasonably request. 

Section 5.02 Negative Covenants. So long as any Advance or any other amount payable by the Borrower hereunder or under any
other Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Bank shall have any Commitment hereunder, the Borrower will not, without the written consent of the Required Banks: 

(a) Liens, Etc. Create or suffer to exist, or permit any of its Subsidiaries to create or suffer to exist, any Lien
on or with respect to any of its Properties whether now owned or hereafter acquired or assign, or permit any of its Subsidiaries to assign, any accounts or other right to receive income, except: 

(i) Liens on or with respect to any of the properties of the Borrower and any of its Subsidiaries existing on the date
hereof and set forth on Schedule 5.02(a)(i); 
 (ii) (A) Liens upon or in property acquired
(including acquisitions through merger or consolidation) or constructed or improved by the Borrower or any of its Subsidiaries including general intangibles, proceeds and improvements, accessories and upgrades thereto and created contemporaneously
with, or within 12 months after, such acquisition or the completion of construction or improvement, to secure Indebtedness (including Capitalized Leases) incurred to finance the payment of all or a portion of the purchase price of such property or
the cost of construction or improvements thereon, as the case may be and (B) Liens on property (including any unimproved portion of partially improved property) of the Borrower or any of its Subsidiaries created within 12 months of completion
of construction of a new plant or plants on such property to secure Indebtedness incurred to finance such construction (including Indebtedness incurred to finance such construction if, in the opinion of the Borrower, such property or such portion
thereof was prior to such construction substantially unimproved for the use intended by the Borrower); provided, however, no such Lien shall extend to or cover any property other than the property being acquired, constructed or
improved (including any unimproved portion of a partially improved property) including general intangibles, proceeds and improvements, accessories and upgrades thereto; 

  
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 (iii) Any Lien existing on any property including general intangibles,
proceeds and improvements, accessories and upgrades thereto prior to the acquisition (including acquisition through merger or consolidation) thereof by the Borrower or any of its Subsidiaries or existing on any property of any Person that becomes a
Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary, provided that such a Lien is not created in contemplation or in connection with such acquisition or such Person becoming a Subsidiary and no such Lien shall
be extended to cover property other than the asset being acquired including general intangibles proceeds and improvements, accessories and upgrades thereto; 
 (iv) Liens to secure any extension, renewal, refunding or replacement (or successive extensions, renewals, refinancing, refundings or replacements), in whole or in part, of any Indebtedness secured by any
Lien referred to in clauses (ii) and (iii); provided that (A) the principal amount of the Indebtedness secured thereby is no greater than the outstanding principal amount of such Indebtedness immediately
before such extension, renewal, refinancing, refunding or replacement and (B) such Lien shall only extend to such assets as are already subject to a Lien in respect of such Indebtedness; 

(v) (A) Liens on Equity Interests in (and assets of) any Project Finance Subsidiary, so long as such Liens secure only
Project Financing and (B) Liens on property acquired or constructed with the proceeds of Permitted Non-Recourse Indebtedness so long as such Liens secure only such Permitted Non-Recourse Indebtedness; 

(vi) (A) Liens on Equity Interests in any Joint Venture and Liens on assets of a JV Subsidiary to secure Joint Venture
Debt of such Joint Venture. “Joint Venture Debt” shall mean Indebtedness and other obligations of a JV Subsidiary or of a Joint Venture owned by a JV Subsidiary as to which the creditors will not, pursuant to the terms in the
agreements governing such Indebtedness, have any recourse to the Equity Interests in or assets of the Borrower or any Subsidiary, other than the assets of such JV Subsidiary and the assets of such Joint Venture, provided that neither the
Borrower nor any Subsidiary (other than such JV Subsidiary) (i) provides any direct or indirect credit support, including any undertaking, agreement or instrument that would constitute Indebtedness or (ii) is otherwise directly or
indirectly liable for such Indebtedness; 
 (vii) Customary Permitted Liens; 

(viii) Liens on cash collateral securing reimbursement obligations in respect of letters of credit, acceptances and bank
guarantees, provided that the aggregate principal amount of obligations secured by Liens permitted by this clause (viii) shall not exceed at any time in the aggregate the sum of (1) $150,000,000 plus
(2) the aggregate amount of letters of credit which had been Extended Letters of Credit but ceased to be Letters of Credit hereunder following being cash collateralized as contemplated by Section 2.01(b) hereof; 

(ix) in addition to the Liens on cash collateral permitted by the preceding clause (viii), in the event that
the aggregate Letter of Credit Commitments at any time are less than the aggregate Revolving Credit Commitments at such time (the “Gap Amount”) and the Borrower and/or its Subsidiaries obtain letters of credit issued for its
or their account in a face amount not to exceed the Gap Amount, the Borrower shall be permitted to pledge cash collateral to secure such letters of credit in an amount not to exceed an amount equal to the aggregate Unused Revolving Credit
Commitments at such time (calculated immediately prior to giving effect to such cash collateral pledge), provided however, that to the extent such cash collateral is not funded with Advances that remain outstanding hereunder, the
Unused Revolving Credit Commitments under this Agreement shall be calculated as though the full amount of any such cash collateral were funded through Advances that remain outstanding hereunder; 

  
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 (x) Liens securing obligations under surety bonds issued in the ordinary
course of the Borrower’s and its Subsidiaries’ business and indemnification agreements related thereto on assets related to the work bonded by such surety bonds, including equipment, property, contracts, distributions and accounts related
thereto and cash collateral required thereby; 
 (xi) banker’s Liens, Liens in favor of securities
intermediaries, rights of setoff and other similar Liens existing solely with respect to cash and Cash Equivalents on deposit in one or more accounts maintained by the Borrower or any of its Subsidiaries, in each case granted in the ordinary course
of business in favor of the bank or other securities intermediary with which such an account is maintained, securing amounts owing to such bank or other securities intermediary with respect to cash management and operating account arrangements,
including those involving pooled accounts and netting arrangements; provided that in no case shall any such Liens secure (either directly or indirectly) the repayment of any Indebtedness other than customary liability for account overdrafts;

 (xii) Liens arising out of judgments, attachments or awards not resulting in an Event of Default or Default
under Section 6.01(f) or (h); 
 (xiii) Liens consisting of
Capitalized/Operating Leases; 
 (xiv) Liens pursuant to any Loan Document or securing any Obligations in respect
of Letters of Credit as contemplated by Section 2.21(c) hereof; and 
 (xv) other Liens
incurred in the ordinary course of business of the Borrower and its Subsidiaries securing Indebtedness that does not in the aggregate exceed at any time outstanding $75,000,000. 

(b) Indebtedness of Subsidiaries (other than Subsidiary Guarantors). Permit any of its Subsidiaries which is not a
Subsidiary Guarantor to create, incur, assume or suffer to exist, any Indebtedness, except: 
 (i) Indebtedness
under the Loan Documents; 
 (ii) Indebtedness of Subsidiaries outstanding on the date hereof specified in
Schedule 5.02(b)(ii) (“Existing Debt”) and any refinancings, refundings, renewals, replacements or extensions thereof; provided that the aggregate principal amount of all such Indebtedness is not
increased at the time of any such refinancing, refunding, renewal, replacement or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
refinancing, refunding, renewal, replacement or extension; 
 (iii) Indebtedness of any Person that becomes a
Subsidiary of any Loan Party or is merged or consolidated into a Subsidiary of any Loan Party after the date hereof in accordance with the terms of Section 5.02(d), which Indebtedness is existing at the time such Person becomes a
Subsidiary of such Loan Party or at the time of such merger or consolidation, as the case may be (other than Indebtedness incurred solely in contemplation of such Person becoming a Subsidiary of such Loan Party); 

  
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 (iv) Indebtedness owed to the Borrower or to other Subsidiaries; 

(v) Reimbursement obligations of a Subsidiary in respect of letters of credit, surety bonds, acceptances and bank
guarantees issued for the account of such Subsidiary in the ordinary course of such Subsidiary’s business; 

(vi) Indebtedness in respect of (A) purchase money obligations and Capitalized Leases and refinancings or renewals
thereof secured by Liens of the type permitted by Section 5.02(a)(ii), in an aggregate principal amount not to exceed $200,000,000 at any time outstanding, and (B) Capitalized/Operating Leases; 

(vii) Obligations in respect of worker’s compensation claims, self insurance obligations, reimbursement obligations
in respect of appeal bonds and obligations under completion guaranties, in each case incurred by a Subsidiary in the ordinary course of its business; 
 (viii) Indebtedness in respect of any Project Financing and other Permitted Non-Recourse Indebtedness; and 
 (ix) unsecured Indebtedness not to exceed $200,000,000 in aggregate principal amount at any time outstanding. 
 (c) Change in Nature of Business. Make any material change in the nature of the business of the Borrower and its Subsidiaries as carried on at the date hereof, taken as a whole. 

(d) Mergers, Etc. Merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in
one transaction or in a series of transactions), all or substantially all of its assets (whether now owned or hereafter acquired) to, any Person; provided, however, that: 

(i) the Borrower may merge with a Person if (A) the Borrower is the surviving corporation, and (B) after giving
effect to such merger no Default or Event of Default shall have occurred and all representations and warranties shall be true and correct; 
 (ii) any Subsidiary may merge with any one or more Subsidiaries, provided that if a Subsidiary Guarantor (or a Subsidiary thereof) is a party to such transaction, a Subsidiary Guarantor (or a Subsidiary
thereof) shall be the continuing or surviving Person, and if a Domestic Subsidiary is a party to such transaction, a Domestic Subsidiary shall be the surviving or continuing Person; and 

(iii) any Subsidiary may convey, transfer, lease or otherwise dispose of all or a substantial part of its assets to the
Borrower or to another Subsidiary; provided, however, if the transferor is a Subsidiary Guarantor (or a Subsidiary thereof), the transferee shall be a Subsidiary Guarantor (or a Subsidiary thereof). 

(e) Sales, Etc., of Assets. Sell, lease, transfer or otherwise dispose of (each, a
“Disposition”), or permit any of its Subsidiaries to make any Disposition of, any assets, except: 
 (i) sales of inventory in the ordinary course of its business and the granting of any option or other right to purchase, lease or otherwise acquire inventory in the ordinary course of its business;

  
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 (ii) in a transaction authorized by Section 5.02(d);

 (iii) sales, transfers or other dispositions of assets among the Borrower and its Subsidiaries;
provided, however no Subsidiary Guarantor shall be permitted to transfer, lease or otherwise dispose of, all or substantially all of its assets to a foreign Subsidiary of the Borrower (as used in this subsection (iii),
“foreign Subsidiary” means a Subsidiary that is not a Domestic Subsidiary); 
 (iv) goods, equipment or
other property that are, in the reasonable opinion of the Borrower or such Subsidiary, obsolete or unproductive or utilized as trade-in for goods, equipment or other property of at least comparable value; 

(v) in order to resolve disputes that occur in the ordinary course of business, Borrower and its Subsidiaries may discount
or otherwise compromise for less than the face value thereof, notes or accounts receivable; 
 (vi) licenses or
sublicenses by Borrower and its Subsidiaries of software, trademarks, patents and other intellectual property and leases of real property interests in the ordinary course of business and which do not materially interfere with the business of
Borrower or any of its Subsidiaries; 
 (vii) transfers of condemned property to the respective Governmental
Authority that has condemned the same (whether by deed in lieu of condemnation or otherwise), and transfers of properties that have been subject to a casualty to the respective insurer of such property or its designee as part of an insurance
settlement; 
 (viii) sales, transfers or other dispositions by the Borrower or any of its Subsidiaries of Equity
Interests (and assets of) in Project Finance Subsidiaries and Joint Venture interests held by the Borrower or any of its Subsidiaries; 
 (ix) dispositions by the Borrower or any of its Subsidiaries of assets with an aggregate book value not to exceed $200,000,000 during any fiscal year of the Borrower (plus any sales, transfers or other
dispositions the net cash proceeds of which are reinvested in equipment or other productive assets within one year of such sale, transfer or other disposition); and 

(x) the sale by the Borrower and its Subsidiaries of the Clinton Property. 

(f) Investments in Other Persons. Make or hold, or permit any of its Subsidiaries to make or hold, any Investment
in any Person, except: 
 (i) Investments existing on the date hereof; 

(ii) Investments by the Borrower and its Subsidiaries in their Subsidiaries (including, if as a result of such Investment
(A) a Person becomes a Subsidiary of the Borrower) or (B) a Person is merged, consolidated or amalgamated with or into, or conveys substantially all of its assets to, or is liquidated into, the Borrower or a Subsidiary; provided,
that any advances and guarantees by the Borrower and its Subsidiaries in favor of their respective Subsidiaries (other than Subsidiary Guarantors) shall be in the ordinary course of business consistent with past practices; and provided
further that any such merger is permitted by Section 5.02(d); 

  
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 (iii) any Investment in Cash Equivalents; 

(iv) Investments with the net cash proceeds from the sale of Equity Interests in the Borrower, and any acquisition of
assets solely in exchange for an issuance of Equity Interests of the Borrower; 
 (v) Investments in Joint
Ventures and other minority interests not to exceed $400,000,000 plus (A) the net cash proceeds of sales of Investments in Joint Ventures and sales of minority interests plus (B) dividends and distributions (including
repayment of loans and advances) received from Joint Ventures and other minority interests; 
 (vi) Investments
received in settlement of amounts due to the Borrower or any of its Subsidiaries effected in the ordinary course of business; and 
 (vii) Investments acquired after the Effective Date as a result of the acquisition by the Borrower of another Person in a transaction consummated after the Effective Date that is not otherwise prohibited
by this Agreement, provided that (A) such Person becomes a Subsidiary of the Borrower as a result of such acquisition and (B) such Investments were not made in contemplation of such acquisition and were in existence on the date of
such acquisition. 
 For purposes of this Section 5.02(f), the amount of an Investment shall be determined as of the date of
such Investment, and such amount shall be equal to the cash amount or the fair market value of other property or asset invested. 
 (g) Restricted Payments. Purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Interests now or hereafter outstanding, return any capital to its stockholders, partners
or members (or the equivalent Persons thereof) as such, or permit any of its Subsidiaries to do any of the foregoing, or permit any of its Subsidiaries to purchase, redeem, retire, defease or otherwise acquire for value any Equity Interests in the
Borrower or in a Subsidiary (or a Subsidiary which becomes a wholly-owned Subsidiary as a result of such acquisition) other than a wholly-owned Subsidiary, except that, so long as no Default or Event of Default shall have occurred and be continuing
at the time of any action described below or would result therefrom: 
 (i) Borrower may purchase any of its
Equity Interests provided that the aggregate purchase price paid from and after the date hereof to (but excluding) the Investment Grade Rating Date, when added to the amount of dividends paid from and after the date hereof to (but excluding)
the Investment Grade Rating Date (other than dividends payable in Equity Interests), shall not exceed an amount (such amount, as decreased by any such dividends and/or purchases, the “Distribution Cap”) equal to the sum of
(x) $750 million plus (y) the lesser of (1) $400 million and (2) the amount received by the Borrower in connection with the arbitration and subsequent litigation of those certain contracts entered into with PEMEX in 1997
and 1998 to build offshore platforms, pipelines and related structures in the Bay of Campeche, offshore Mexico, provided that no such purchases shall be made from the proceeds of a Borrowing hereunder. In the event that the Borrower issues
additional Equity Interests in the form of common stock after the Borrower shall have paid any such dividends and/or made any such purchases, the Distribution Cap shall be replenished by (i) the amount of the net cash proceeds of the issuance
of any such Equity Interests and/or (ii) the amount of any portion of the purchase price for an Investment permitted by Section 5.02(f)(ii) paid by the issuance of any such Equity Interests, so long as, in the case of either
of clauses (i) and (ii), the Distribution Cap does not exceed an amount equal to the sum of clauses (x) and (y) of this Section 5.02(g)(i) at any time; and

  
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 (ii) the Borrower or any Subsidiary of the Borrower may redeem, repurchase,
retire or otherwise acquire any of its Equity Interests in connection with a compensation plan, program or practice, provided that the aggregate price paid from and after the Effective Date for all such repurchased, redeemed, acquired or
retired Equity Interests shall not exceed $25 million in any fiscal year of the Borrower. 
 (h) Accounting
Changes. Make or permit, or permit any of its Subsidiaries to make or permit, any change in (i) accounting policies or reporting practices, except as required or permitted by GAAP, or (ii) fiscal year. 

(i) Use of Proceeds. Use the proceeds of any Advance or any Letter of Credit for any purpose other than for working
capital and general corporate purposes of the Borrower and its Subsidiaries; or use any such proceeds (i) in a manner which violates or results in a violation of any law or regulation, (ii) to purchase or carry any margin stock (as defined
in Regulation U), (iii) to extend credit for the purpose of purchasing or carrying any margin stock (as defined in Regulation U), or (iv) to pay dividends or repurchase any Equity Interests in the Borrower or any Subsidiary. 

(j) Restrictive Agreements. Enter into or be a party to, or permit any of its Subsidiaries to enter into or be a
party to, any agreement or other arrangement that 
 (i) prohibits or otherwise limits the ability (A) of
the Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its property to secure the Obligations, (B) of any Subsidiary (other than a Project Finance Subsidiary) to pay dividends or other distributions in respect
of its Equity Interests (whether in cash, securities or otherwise) to, or transfer property to, the Borrower or any Subsidiary Guarantor, or (C) of any Subsidiary to repay loans or advances to the Borrower or any Subsidiary Guarantor;
provided that the foregoing restrictions in this clause (j)(i) shall not apply to restrictions and conditions (1) imposed by law or by any Loan Document, (2) contained in agreements relating to the sale of a Subsidiary
pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold, or (3) imposed by any agreement relating to any Indebtedness secured by Liens permitted under Section 5.02(a)
provided that such restrictions or conditions relate only to the property covered by such Liens; and provided further that the above clause (j)(i)(A) shall not apply to customary provisions in leases and other contracts
restricting the assignment thereof; or 
 (ii) requires that if a Lien is granted to secure the Obligations, a
Lien must also be granted to secure the obligations of such Person under such agreement. 
 Section 5.03 Financial
Covenants. So long as any Advance or any other amount payable by the Borrower hereunder or under any other Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Bank shall have any Commitment hereunder, the
Borrower: 
 (a) Consolidated Debt to Consolidated EBITDA. Shall not permit, as of the last day of any
fiscal quarter, the ratio of Consolidated Debt to Consolidated EBITDA, for the four fiscal quarters ending on such date, to be greater than 3.50 to 1.00. 
 (b) Consolidated Net Worth. Shall maintain at all times a Consolidated Net Worth of not less than the sum of (i) $2,000,000,000.00, plus (ii) an amount equal to 50% of the
Consolidated Net Income earned in each fiscal quarter ending on or after December 31, 2011 (with no deduction for a net loss in any such fiscal quarter) plus (iii) an amount equal to 100% of the aggregate increases in
Shareholders’ Equity of the Borrower after the date hereof by reason of the issuance and sale of Equity Interests of the Borrower or any Subsidiary (other than issuances to the Borrower or a wholly-owned Subsidiary), including upon any
conversion of debt securities of the Borrower into such Equity Interests. 

  
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 ARTICLE VI 
 EVENTS OF DEFAULT 
 Section 6.01 Events of Default. If any of the
following events (“Events of Default”) shall occur and be continuing: 
 (a) (i) The
Borrower shall fail to pay any principal of any Advance when the same becomes due and payable, whether at the due date thereof or by acceleration thereof or otherwise or (ii) the Borrower shall fail to pay any interest on any Advance or any
fees hereunder or other amount payable hereunder, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii), within three Business Days of when the same becomes due and payable,
whether at the due date thereof or by acceleration thereof or otherwise; or 
 (b) Any representation, warranty
or certification made by any Loan Party (or any of its Responsible Officers) herein pursuant to or in connection with any Loan Document or in any certificate or document furnished to any Bank pursuant to or in connection with any Loan Document, or
any representation or warranty deemed to have been made by any Loan Party pursuant to Section 3.02, shall prove to have been incorrect or misleading in any material respect when made or so deemed to have been made; or 

(c) (i) The Borrower shall fail to perform or observe any term, covenant or agreement contained in
Section 2.21(a)(ii)(A), Section 5.01(b), (d)(iii), (e), (i) or (j), Section 5.02 or Section 5.03 of this Agreement; or
(ii) any Loan Party shall fail to perform or observe any other term, covenant or agreement contained in this Agreement or any other Loan Document on its part to be performed or observed (other than any term, covenant or agreement covered by
Section 6.01(a)) and, in each case under this clause (ii), such failure shall remain unremedied for 30 days after notice thereof shall have been given to such Loan Party by the Administrative Agent or by any Bank; or

 (d) (i) Any Loan Party or any of its Material Subsidiaries shall fail to pay any principal of, premium or
interest on or any other amount payable in respect of any Indebtedness of such Loan Party or such Material Subsidiary (as the case may be) that is outstanding in a principal amount of at least $100,000,000 either individually or in the aggregate for
all such Loan Parties and Material Subsidiaries (but excluding Indebtedness outstanding hereunder), when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall
continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Indebtedness
and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness or otherwise to
cause, or to permit the holder thereof to cause, such Indebtedness to mature; or any such Indebtedness shall become due prior to its stated maturity (other than by a regularly-scheduled required payment and mandatory prepayments from proceeds of
asset sales, debt incurrence, excess cash flow, equity issuances and insurance proceeds); provided that for the avoidance of doubt the parties acknowledge and agree that any payment required to be made under a guarantee described in the
definition herein of Indebtedness shall be due and payable at the time such payment is due and payable under the terms of such guarantee (taking into account any applicable grace period) and such payment shall not be deemed to have been accelerated
or have become due as a result of the obligation guaranteed having become due; or (ii) any Loan Party or any of its Material Subsidiaries shall fail to pay when due any amount owed in respect of any Hedging Obligation in an amount equal to or
greater than $100,000,000 either individually or in the aggregate for all such Loan Parties and Material Subsidiaries; or 

  
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 (e) Any Loan Party or any Material Subsidiary of any Loan Party shall be
adjudicated a bankrupt or insolvent by a court of competent jurisdiction, or generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit
of creditors; or any proceeding shall be instituted by or against any Loan Party or any such Material Subsidiary seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment,
protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other
similar official for it or for any substantial part of its Property and, in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 90 days, or any
of the actions sought in such proceeding (including the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its Property) shall occur; or such
Loan Party or any such Material Subsidiary shall take any corporate or organizational action to authorize any of the actions set forth above in this subsection (e); or 

(f) One or more final, non-appealable judgments or orders by a court of competent jurisdiction for the payment of money in
excess of $100,000,000 in the aggregate (to the extent not covered by insurance available from a financially sound insurer that has acknowledged coverage) shall be rendered against any Loan Party or any Material Subsidiary of any Loan Party and
either (i) enforcement proceedings are commenced by a creditor upon such judgment or order or (ii) any such judgment or order shall remain undischarged and unstayed for a period of 30 days; or 

(g) Any judgment, writ, warrant of attachment or execution or similar process shall be issued or levied against a
substantial part of the property of any Loan Party or any Material Subsidiary of any Loan Party and such judgment, writ, warrant of attachment or execution or similar process shall not be released, stayed, vacated or fully bonded within 30 days
after its issue or levy; or 
 (h) Any non monetary judgment or order by a court or Governmental Authority of
competent jurisdiction shall be rendered against any Loan Party or any Subsidiary of any Loan Party that could reasonably be likely to have a Material Adverse Effect, and either (i) enforcement proceedings are commenced by a creditor upon such
judgment or order or (ii) any such judgment or order shall remain undischarged and unstayed for a period of 30 days; or 
 (i) Any provision of any Loan Document after delivery thereof pursuant to Section 3.01 or 5.01(j) shall for any reason cease to be valid and binding on or enforceable
against any Loan Party party to it, or any such Loan Party shall so state in writing; or 
 (j) A Change of
Control shall occur; or 
 (k) Any Loan Party shall incur, or, in the reasonable opinion of the Required Banks,
shall be reasonably likely to incur liability in excess of $100,000,000 in the aggregate as a result of the occurrence of an ERISA Event or the termination of a Multiemployer Plan; 
 then, and in any such event, the Administrative Agent (i) shall at the request, or may with the consent, of the Required Banks, by notice to the Borrower, declare the obligation of each Bank to make
Advances (other than Letter of Credit Advances by an Issuing Bank or a Bank pursuant to Section 2.03(d)) and of each Issuing Bank to issue Letters of Credit to be terminated, whereupon the same (and all of the

  
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Commitments) shall forthwith terminate, (ii) shall at the request, or may with the consent, of the Required Banks, by notice to the Borrower, declare the Advances, all interest thereon and
all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Advances, all such interest and all such other amounts shall become and be forthwith due and payable, and (iii) the obligation of the Borrower to
deposit Cash Collateral as described in Section 6.02 shall automatically be effective, in each case, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or any other notice of any kind, all
of which are hereby expressly waived by the Borrower, and (iv) shall at the request, or may with the consent, of the Required Banks, exercise on behalf of itself and the Banks all rights and remedies available to it and the Banks under the Loan
Documents; provided, however, that in the event of any actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code, (A) the Commitment of each Bank and the obligation of each Bank to make
Advances (other than Letter of Credit Advances by an Issuing Bank or a Bank pursuant to Section 2.03(d)) and of each Issuing Bank to issue Letters of Credit shall automatically be terminated, and (B) the Advances, all
interest thereon and all other amounts payable under this Agreement shall automatically and immediately become and be due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration, or any other notice
of any kind, all of which are hereby expressly waived by the Borrower. 
 Section 6.02 Actions in Respect of the Letters
of Credit upon Default. If any Event of Default shall have occurred and be continuing, the Administrative Agent may, or shall at the request of the Required Banks, irrespective of whether it is taking any of the actions described in
Section 6.01 or otherwise, make demand upon the Borrower to, and forthwith upon such demand the Borrower will, pay to the Administrative Agent on behalf of the Banks in same day funds at the Administrative Agent’s office
designated in such demand, for deposit in the L/C Cash Collateral Account, an amount equal to the aggregate Available Amount of all Letters of Credit then outstanding. If at any time the Administrative Agent determines that any funds held in the L/C
Cash Collateral Account are subject to any right or claim of any Person other than the Administrative Agent and the Banks or that the total amount of such funds is less than the aggregate Available Amount of all Letters of Credit, the Borrower will,
forthwith upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited and held in the L/C Cash Collateral Account, an amount equal to the excess of (a) such aggregate Available Amount over
(b) the total amount of funds, if any, then held in the L/C Cash Collateral Account that the Administrative Agent determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on
deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the relevant Issuing Bank or the Banks, as applicable, to the extent permitted by applicable law. If any amount remains on deposit as Cash Collateral after all
Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other obligations, if any, in the order set forth below. 
 Section 6.03 Application of Funds. After the exercise of remedies provided for in this Article VI (or after the Advances have automatically become immediately due and payable as
set forth in the proviso to at the end of Section 6.01), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees,
charges and disbursements of counsel to the Administrative Agent and amounts payable under Article II) payable to the Administrative Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal,
interest and Letter of Credit Fees) payable to the Banks and the Issuing Banks (including fees, charges and disbursements of counsel to the respective Banks and Issuing Banks) and amounts payable under Article II, ratably among them in
proportion to the respective amounts described in this clause Second payable to them; 

  
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 Third, to payment of that portion of the Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Advances, Letter of Credit Advances and other Obligations arising under the Loan Documents, ratably among the Banks and the Issuing Banks in proportion to the respective amounts described in this
clause Third payable to them; 
 Fourth, to payment of that portion of the Obligations constituting
unpaid principal of the Advances and Letter of Credit Advances, ratably among the Banks and the Issuing Banks in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Administrative Agent for the account of the Issuing Banks, to Cash Collateralize that portion of L/C Exposure
comprised of the aggregate undrawn amount of Letters of Credit; and 
 Last, the balance, if any, after all of the
Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by applicable law. 
 ARTICLE VII

 THE ADMINISTRATIVE AGENT 
 Section 7.01 Appointment and Authority. Each of the Banks and the Issuing Banks hereby irrevocably appoints Citibank to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Banks and the Issuing Banks, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary
of any such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or
other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

 Section 7.02 Duties of Administrative Agent; Exculpatory Provisions. 

(a) The Administrative Agent’s duties hereunder and under the other Loan Documents are solely ministerial and
administrative in nature and the Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent shall
not have any duty to take any discretionary action or exercise any discretionary powers, but shall be required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written direction of the
Required Banks (or such other number or percentage of the Banks as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or
the opinion of its counsel, may expose the Administrative Agent or any of its Affiliates to liability, or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt, any action that may be in violation of the
automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law. 

  
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 (b) The Administrative Agent shall not be liable for any action taken or not
taken by it (i) with the consent or at the request of the Required Banks (or such other number or percentage of the Banks as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the
circumstances as provided in Section 6.01, Section 6.02 and Section 8.01) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent
jurisdiction by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default or the event or events that give or may give rise to any Default unless and until the Borrower or any Bank shall have
given notice to the Administrative Agent in writing describing such Default and such event or events. 
 (c)
Neither the Administrative Agent nor any member of the Agent’s Group shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation or other information made or supplied in or in
connection with this Agreement, any other Loan Document or the Information Memorandum, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith or the adequacy,
accuracy and/or completeness of the information contained therein, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or the perfection or priority of any Lien or security interest created or purported to be created
hereunder or thereunder or (v) the satisfaction of any condition set forth in Article III or elsewhere herein, other than (but subject to the foregoing clause (ii)) to confirm receipt of items expressly required to
be delivered to the Administrative Agent. 
 (d) Nothing in this Agreement or any other Loan Document shall
require the Administrative Agent or any of its Related Parties to carry out any “know your customer” or other checks in relation to any Person on behalf of any Bank and each Bank confirms to the Administrative Agent that it is solely
responsible for any such checks it is required to carry out and that it may not rely on any statement in relation to such checks made by the Administrative Agent or any of its Related Parties. 

Section 7.03 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur
any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine
and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur
any liability for relying thereon. In determining compliance with any condition hereunder to the making of an Advance, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of
a Bank or Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Bank or Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Bank or Issuing Bank prior to the
making of such Advance or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any
action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 Section 7.04
Rights as a Bank. 
 (a) The Person serving as the Administrative Agent hereunder shall have the same
rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it 

  
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were not the Administrative Agent and the term “Bank” or “Banks” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Banks. 

(b) Each Bank understands that the Person serving as Administrative Agent, acting in its individual capacity, and its
Affiliates (collectively, the “Agent’s Group”) are engaged in a wide range of financial services and businesses (including investment management, financing, securities trading, corporate and investment banking and
research) (such services and businesses are collectively referred to in this Section 7.04(b) as “Activities”) and may engage in the Activities with or on behalf of one or more of the Loan Parties or their
respective Affiliates. The Agent’s Group may, in undertaking the Activities, engage in trading in financial products or undertake other investment businesses for its own account or on behalf of others (including the Loan Parties and their
Affiliates and including holding, for its own account or on behalf of others, equity, debt and similar positions in the Borrower, another Loan Party or their respective Affiliates), including trading in or holding long, short or derivative positions
in securities, loans or other financial products of one or more of the Loan Parties or their Affiliates. Each Bank understands and agrees that in engaging in the Activities, the Agent’s Group may receive or otherwise obtain information
concerning the Loan Parties or their Affiliates (including information concerning the ability of the Loan Parties to perform their respective Obligations hereunder and under the other Loan Documents) which information may not be available to the
Banks that are not members of the Agent’s Group. None of the Administrative Agent nor any member of the Agent’s Group shall have any duty to disclose to any Bank or use on behalf of the Banks, and shall not be liable for the failure to so
disclose or use, any information about or derived from the Activities or otherwise (including any information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Loan Party or any
Affiliate of any Loan Party) or to account for any revenue or profits obtained in connection with the Activities, except that the Administrative Agent shall deliver or otherwise make available to each Bank such documents as are expressly required by
any Loan Document to be transmitted by the Administrative Agent to the Banks. 
 (c) Each Bank further
understands that there may be situations where members of the Agent’s Group or their respective customers (including the Loan Parties and their Affiliates) either now have or may in the future have interests or take actions that may conflict
with the interests of any one or more of the Banks (including the interests of the Banks hereunder and under the other Loan Documents). Each Bank agrees that no member of the Agent’s Group is or shall be required to restrict its activities as a
result of the Person serving as Administrative Agent being a member of the Agent’s Group, and that each member of the Agent’s Group may undertake any Activities without further consultation with or notification to any Bank. None of
(i) this Agreement nor any other Loan Document, (ii) the receipt by the Agent’s Group of information (including Information (as such term is used in Section 8.14)) concerning the Loan Parties or their Affiliates
(including information concerning the ability of the Loan Parties to perform their respective Obligations hereunder and under the other Loan Documents) nor (iii) any other matter shall give rise to any fiduciary, equitable or contractual duties
(including any duty of trust or confidence) owing by the Administrative Agent or any member of the Agent’s Group to any Bank including any such duty that would prevent or restrict the Agent’s Group from acting on behalf of customers
(including the Loan Parties or their Affiliates) or for its own account. 

  
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 Section 7.05 Bank Credit Decision. 

(a) Each Bank and Issuing Bank confirms to the Administrative Agent, each other Bank and Issuing Bank and each of their
respective Related Parties that it (i) possesses (individually or through its Related Parties) such knowledge and experience in financial and business matters that it is capable, without reliance on the Administrative Agent, any other Bank, any
other Issuing Bank or any of their respective Related Parties, of evaluating the merits and risks (including tax, legal, regulatory, credit, accounting and other financial matters) of (A) entering into this Agreement, (B) making Advances
and other extensions of credit hereunder and under the other Loan Documents and (C) in taking or not taking actions hereunder and thereunder, (ii) is financially able to bear such risks and (iii) has determined that entering into this
Agreement and making Advances and other extensions of credit hereunder and under the other Loan Documents is suitable and appropriate for it. 
 (b) Each Bank and Issuing Bank acknowledges that (i) it is solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with this
Agreement and the other Loan Documents, (ii) that it has, independently and without reliance upon the Administrative Agent or any other Bank or any of their respective Related Parties, made its own appraisal and investigation of all risks
associated with, and its own credit analysis and decision to enter into, this Agreement based on such documents and information, as it has deemed appropriate and (iii) it will, independently and without reliance upon the Administrative Agent or
any other Bank or any of their respective Related Parties continue to be solely responsible for making its own appraisal and investigation of all risks arising under or in connection with, and its own credit analysis and decision to take or not take
action under, this Agreement and the other Loan Documents based on such documents and information as it shall from time to time deem appropriate, which may include, in each case: 

(i) the financial condition, status and capitalization of the Borrower and each other Loan Party; 

(ii) the legality, validity, effectiveness, adequacy or enforceability of this Agreement and each other Loan Document and
any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Loan Document; 
 (iii) determining compliance or non-compliance with any condition hereunder to the making of an Advance, or the issuance of a Letter of Credit and the form and substance of all evidence delivered in
connection with establishing the satisfaction of each such condition; 
 (iv) the adequacy, accuracy and/or
completeness of the Information Memorandum and any other information delivered by the Administrative Agent, any other Bank or by any of their respective Related Parties under or in connection with this Agreement or any other Loan Document, the
transactions contemplated hereby and thereby or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Loan Document. 

Section 7.06 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and
powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and
powers by or through their respective Related Parties. Each such sub-agent and the Related Parties of the Administrative Agent and each such sub-agent shall be entitled to the benefits of all provisions of this Article VII and
Section 8.04 (as though such sub-agents were the “Administrative Agent” under the Loan Documents) as if set forth in full herein with respect thereto. 

  
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 Section 7.07 Resignation; Removal of Administrative Agent. 

(a) Administrative Agent. The Administrative Agent may at any time give notice of its
resignation to the Banks, the Issuing Banks and the Borrower. Upon receipt of any such notice of resignation, the Required Banks shall have the right, with the consent of the Borrower (such consent not to be unreasonably withheld or delayed and not
to be required if a Default or Event of Default has occurred and is continuing), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such
successor shall have been so appointed by the Required Banks and shall have accepted such appointment within 20 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required
Banks), then the retiring Administrative Agent may on behalf of the Banks and the Issuing Banks, appoint a successor Administrative Agent meeting the qualifications set forth above. If no such successor shall have been so appointed by the
Administrative Agent and shall have accepted such appointment within 10 days after expiration of said 20-day time period, the Required Banks shall, upon the request of the Borrower, appoint a successor in accordance with the second sentence of this
subsection (a). Whether or not a successor has been appointed, the resignation of the retiring Administrative Agent shall become effective on the 30th day following the date that it gives its notice of resignation. 

(b) Removal of Administrative Agent. Anything herein to the contrary notwithstanding, if at any time the Required
Banks determine that the Person serving as Administrative Agent is (without taking into account any provision in the definition of “Defaulting Lender” requiring notice from the Administrative Agent or any other party) a Defaulting
Lender pursuant to clause (v) of the definition thereof, the Required Banks (determined after giving effect to Section 8.01) may by notice to the Borrower and such Person remove such Person as Administrative
Agent and, with the consent of the Borrower (such consent not to be unreasonably withheld or delayed and not to be required if a Default or Event of Default has occurred and is continuing), appoint a replacement Administrative Agent hereunder. Such
removal will, to the fullest extent permitted by applicable law, be effective on the earlier of (i) the date a replacement Administrative Agent is appointed and (ii) the date 30 Business Days after the giving of such notice by the Required
Banks (regardless of whether a replacement Administrative Agent has been appointed) (the “Removal Effective Date”). 
 (c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations
hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Banks or the Issuing Banks under any of the Loan Documents, the retiring or removed Administrative
Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except for any indemnity payments owed to the retiring or removed Administrative Agent, all payments,
communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Bank and Issuing Bank directly, until such time, if any, as the Required Banks appoint a successor Administrative
Agent as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring or removed Administrative Agent (other than any rights to indemnity payments owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations
hereunder or under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its 

  
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predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan
Documents, the provisions of this Article and Section 8.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent. 
 (d) Any resignation by or removal of Citibank as Administrative Agent pursuant to this Section shall also constitute its resignation as an Issuing Bank. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the resigning Issuing Bank, (b) the resigning Issuing Bank shall be discharged
from all of its duties and obligations hereunder or under the other Loan Documents, and (c) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit of the resigning Issuing Bank, if any, outstanding at
the time of such succession or make other arrangement satisfactory to the resigning Issuing Bank to effectively assume the obligations of the resigning Issuing Bank with respect to such Letters of Credit. 

Section 7.08 Joint Lead Arrangers, Joint Bookrunners, Syndication Agent, Documentation Agents. Anything herein to the
contrary notwithstanding, no Joint Lead Arranger, Joint Bookrunner, Syndication Agent or Documentation Agent listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents,
except in its capacity, as applicable, as the Administrative Agent, a Bank or an Issuing Bank hereunder. 
 Section 7.09
Guarantee Matters. Each of the Banks (including in its capacity as an Issuing Bank or a potential Issuing Bank, as applicable) irrevocably authorize the Administrative Agent, to release a Subsidiary Guarantor from its obligations under the
Guarantee if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Banks will confirm in writing the Administrative Agent’s authority to
release any Subsidiary Guarantor from its obligations under the Guarantee pursuant to this Section 7.09. In each case as specified in this Section 7.09, the Administrative Agent will, at the Borrower’s
expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to release such Subsidiary Guarantor from its obligations under the Guarantee, in each case in accordance with the terms of the Loan
Documents and this Section 7.09. 
 Section 7.10 Administrative Agent May File Proofs of Claim.
In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to the Borrower or any of its Subsidiaries, the Administrative Agent (irrespective of whether the principal of any Advance shall then be
due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect
of the Advances and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Banks, the Issuing Banks and the Administrative Agent (including any claim for
the reasonable compensation, expenses, disbursements and advances of the Banks and the Administrative Agent and their respective agents and counsel and all other amounts due the Banks and the Administrative Agent under
Section 2.04 and Section 8.04) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; 

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Bank and each Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Banks or
the Issuing Banks, as the case may be, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Section 2.04 and Section 8.04. 
 Nothing contained herein
shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Bank and any Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights
of any Bank or Issuing Bank or to authorize the Administrative Agent to vote in respect of the claim of any Bank in any such proceeding. 
 ARTICLE VIII 
 MISCELLANEOUS 

Section 8.01 Amendments, Etc. 
 (a) No amendment or waiver of any provision of any Loan Document, nor consent to any departure by the Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed
by the Required Banks, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: (i) waive
any of the conditions specified in Section 3.01(b) of this Agreement without the written consent of each Bank; (ii) increase the Commitment of any Bank or subject any Bank to any additional obligations without the written
consent of such Bank; (iii) reduce the principal of, or interest on, the Advances or any fees or other amounts payable hereunder, without the written consent of each Bank to whom such amount is payable; provided, however, that
only the consent of the Required Banks shall be necessary to amend the default rate of interest payable pursuant to Section 2.07(a), Section 2.07(b) or Section 2.07(c) hereof or to waive any
obligation of the Borrower to pay interest or Letter of Credit Fees at the default rate specified in Section 2.04 or Section 2.07(c), as applicable; (iv) postpone any date fixed for any payment of principal
of, or interest on, the Advances or any fees or other amounts payable hereunder without the written consent of each Bank to whom such amount is payable; (v) amend the definition of “Required Banks” without the written consent of each
Bank; (vi) amend Section 2.15 in a manner that would alter the pro rata sharing of the payments required thereby or this Section 8.01 of this Agreement without the written consent of each
Bank; or (vii) except as provided in Section 8.01(b) and to the extent the release of any Subsidiary Guarantor from its obligations under the Guarantee is permitted pursuant to Section 7.09 (in which in
each such case such release may be made by the Administrative Agent acting alone), release all or substantially all of the value of the Guarantee without the written consent of each Bank; and provided, further, that (x) no
amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Banks required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement or any of the
Notes and (y) no amendment, waiver or consent shall, unless in writing and signed by each Issuing Bank in addition to the Banks required above to take such action, affect the rights or obligations of the Issuing Banks under this Agreement.

 (b) Notwithstanding the foregoing, any guarantee of a Subsidiary Guarantor under the Guarantee shall be
terminated from time to time as necessary to effect the sale, merger or consolidation of any Subsidiary Guarantor permitted by this Agreement and the Administrative Agent shall execute and deliver all release and termination documents reasonably
requested in connection therewith. 

  
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 (c) Anything herein to the contrary notwithstanding, during such period as a
Bank is a Defaulting Lender, to the fullest extent permitted by applicable law, the Commitment and the outstanding Revolving Credit Advances or other extensions of credit of such Bank hereunder will not be taken into account in determining whether
the Required Banks or all of the Banks, as required, have approved any amendment or waiver hereunder (and the definition of “Required Banks” will automatically be deemed modified accordingly for the duration of such period);
provided, that any such amendment or waiver that would increase or extend the term of the Commitment of such Defaulting Lender, extend the date fixed for the payment of principal or interest owing to such Defaulting Lender hereunder, reduce
the principal amount of any obligation owing to such Defaulting Lender, reduce the amount of or the rate or amount of interest on any amount owing to such Defaulting Lender or of any fee payable to such Defaulting Lender hereunder, alter the payment
application provisions of Section 2.21(b) in a manner adverse to such Defaulting Lender or alter the terms of this proviso, will require the consent of such Defaulting Lender. 

Section 8.02 Notices, Etc. 
 (a) All notices, demands, requests, consents and other communications provided for in this Agreement shall be given in writing, or by any telecommunication device capable of creating a written record
(including electronic mail), and addressed to the party to be notified as follows: 
 (i) if to the Borrower or
any other Loan Party, 
 For all notices, etc. other than invoices: 

KBR, Inc. 
 601 Jefferson Street 
 Houston, Texas 77002 

Facsimile No.: (713) 753-5353 

E-Mail Address: chip.schneider@kbr.com 

Attention:   Chip Schneider 
     Vice President, Finance & Treasurer 
 With a copy to: 
 KBR, Inc. 

601 Jefferson Street 
 Houston, Texas 77002 
 Facsimile No.: (713) 753-2017

 E-Mail Address: Andrew.Farley@kbr.com 

Attention:   Andrew D. Farley 
     Executive Vice President & General Counsel 
 For invoices only: 
 KBR, Inc. 

601 Jefferson Street 
 Houston, Texas 77002 
 Facsimile No.: (713) 753-2517

 E-Mail Address: Sue.Church@kbr.com 

Attention:   Sue Church 
     Assistant Treasurer 

  
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 (ii) if to the Administrative Agent, 

Two Penns Way, Suite 200 
 New Castle, Delaware 19720 
 Facsimile No.: (302) 894-6120

 E-Mail Address: global.loans.support@citi.com 

Attention: Bank Loan Syndications Department 

with a copy to: 

388 Greenwich Street, 34th Floor 
 New York, New York 10013 
 Facsimile No.: (646) 291-1688

 E-Mail Address: robert.malleck@citi.com 

Attention: Robert Malleck, Director 

(iii) if to any Issuing Bank listed on the signature pages hereof, to it at the address specified opposite its name on
Schedule IV hereto or as on file with the Administrative Agent, 
 (iv) if to any other Issuing
Bank, to the address specified in the agreement pursuant to which it becomes an Issuing Bank, 
 (v) if to any
other Bank, to it at its address (or telecopier number or e-mail address, as applicable) set forth in its Administrative Questionnaire. 
 or at
such other address as shall be notified in writing (x) in the case of the Borrower or the Administrative Agent, to the other parties and (y) in the case of all other parties, to the Borrower and the Administrative Agent. 

(b) All notices, demands, requests, consents and other communications described in Section 8.02(a)
shall be effective (i) if delivered by hand, including any overnight courier service, or mailed by certified or registered mail, upon receipt, (ii) if delivered by posting to an Approved Electronic Platform, an Internet website or a
similar telecommunication device requiring that a user have prior access to such Approved Electronic Platform, website or other device (to the extent permitted by Section 8.02(a); to be delivered thereunder), when such notice,
demand, request, consent and other communication shall have been made generally available on such Approved Electronic Platform, Internet website or similar device to the class of Person being notified (regardless of whether any such Person must
accomplish, and whether or not any such Person shall have accomplished, any action prior to obtaining access to such items, including registration, disclosure of contact information, compliance with a standard user agreement or undertaking a duty of
confidentiality) and such Person has been notified in respect of such posting that a communication has been posted to the Approved Electronic Platform, and (iii) if delivered by electronic mail or any other telecommunications device, when
transmitted to and the sender receives receipt of an acknowledgment from an electronic mail address (or by another means of electronic delivery) as provided in Section 8.02(a); provided, if such notice, electronic mail or
other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. Notwithstanding the foregoing,
all notices and communications to the Administrative Agent pursuant to Article II or Article VII) shall not be effective until received by the Administrative Agent. 

  
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 (c) The Borrower hereby agrees that it will provide to the Administrative
Agent all information, documents and other materials that it is obligated to furnish, or otherwise chooses to furnish, to the Administrative Agent pursuant to the Loan Documents, including all notices, requests, financial statements, financial and
other reports, certificates and other information materials, but excluding (A) any request for or other communication that relates to a request for a new, or a conversion of an existing, borrowing, letter of credit or other extension of credit
(including any election of an interest rate or interest period relating thereto), (B) any notice pursuant to Section 2.10 and any other notice that relates to the payment of any principal or other amount due under the Credit
Agreement prior to the scheduled date therefor, (C) any notice of any Default or Event of Default, (D) any notice, information and other material required to be delivered to satisfy any condition precedent to the effectiveness of the
Credit Agreement and/or any borrowing or other extension of credit hereunder (all such non-excluded communications being referred to herein, collectively as “Communications”) by transmitting the Communications in an
electronic/soft medium in a format acceptable to the Administrative Agent to oploanswebadmin@citigroup.com or such other electronic email address (or similar means of electronic delivery) as the Administrative Agent may notify to the Borrower. In
addition, the Borrower agrees to continue to provide the Communications to the Administrative Agent in such other manner as may be specified in the Loan Documents but only to the extent requested by the Administrative Agent. The Borrower and the
Banks agree that the Administrative Agent may, but shall not be obligated to, make the Communications and the other notices and information described in clauses (A) through (D) above (collectively, the
“Approved Electronic Communications”) available to the Banks by posting the Approved Electronic Communications on Intralinks, DebtDomain or a substantially similar electronic system chosen by the Administrative Agent to be
its electronic transmission system (the “Approved Electronic Platform”); provided that the foregoing provisions of this sentence shall not apply to notices to any Bank or Issuing Bank described in clauses
(A) and (B) above in this subsection (c) if such Bank or Issuing Bank has notified the Administrative Agent that it is incapable of receiving such notices via the Approved Electronic Platform. THE
APPROVED ELECTRONIC PLATFORM AND THE APPROVED ELECTRONIC COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE APPROVED ELECTRONIC
COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR
STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE APPROVED ELECTRONIC
COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES (COLLECTIVELY, “AGENT
PARTIES”) HAVE ANY LIABILITY TO THE BORROWER, ANY BANK OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR
OTHERWISE) ARISING OUT OF THE BORROWER’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF
COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

  
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 (d) Although the Approved Electronic Platform and its primary web portal are
secured with generally-applicable security procedures and policies implemented or modified by the Administrative Agent from time to time (including, as of the Effective Date, a dual firewall and a User ID/Password Authorization System) and the
Approved Electronic Platform is secured through a single-user-per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Banks and the Borrower, on behalf of itself and each
other Loan Party, acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution. In consideration for the
convenience and other benefits afforded by such distribution and for the other consideration provided hereunder, the receipt and sufficiency of which is hereby acknowledged, each of the Banks and the Borrower, on behalf of itself and each other Loan
Party, hereby approves distribution of the Approved Electronic Communications through the Approved Electronic Platform and understands and assumes the risks of such distribution. 

(e) Nothing herein shall prejudice the right of the Administrative Agent or any Bank to give any notice or other
communication to any Loan Party pursuant to any Loan Document in any other manner specified in such Loan Document. 
 (f) Each of the Banks and the Borrower, on behalf of itself and each other Loan Party, agree that the Administrative Agent may, but (except as may be required by applicable law) shall not be obligated to,
store the Approved Electronic Communications on the Approved Electronic Platform in accordance with the Administrative Agent’s generally-applicable document retention procedures and policies. 

Section 8.03 No Waiver; Remedies; Enforcement. No failure on the part of any Bank or the Administrative Agent to exercise,
and no delay in exercising, any right hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any
other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
 Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all
actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Article VI for the benefit of all Banks and Issuing Banks;
provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and
under the other Loan Documents, (b) each Issuing Bank from exercising the rights and remedies that inure to its benefit (solely in its capacity as an Issuing Bank) hereunder and under the other Loan Documents, (c) any Bank from exercising
setoff rights in accordance with Section 8.05 (subject to the terms of Section 2.15), or (d) any Bank from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a
proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required
Banks shall have the rights otherwise ascribed to the Administrative Agent pursuant to Article VI and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the
preceding proviso and subject to Section 2.15, any Bank may, with the consent of the Required Banks, enforce any rights and remedies available to it and as authorized by the Required Banks. 

  
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 Section 8.04 Expenses and Taxes; Compensation; Indemnification. 

(a) The Borrower agrees to pay on demand (i) all reasonable out-of-pocket expenses (including reasonable fees and
expenses of counsel) of the Administrative Agent and its Affiliates in connection with the preparation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the
provisions hereof or thereof, (ii) all reasonable out-of-pocket expenses incurred by each Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and
(iii) all out-of-pocket costs and expenses incurred by the Administrative Agent, any Bank or any Issuing Bank (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Bank or any Issuing Bank) in
connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with Advances made or Letters of Credit issued
hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Advances or Letters of Credit. 

(b) The Borrower agrees to indemnify and hold harmless the Administrative Agent, the Banks, the Joint Lead Arrangers and
their respective directors, officers, employees, affiliates, advisors, attorneys and agents (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including fees and
expenses of counsel) for which any of them may become liable or which may be incurred by or asserted against any of the Indemnified Parties in connection with or arising out of (i) any Loan Document or any other document or instrument delivered
in connection herewith or the actual or proposed use of the proceeds of any Advance or Letter of Credit or any of the transactions contemplated hereby or thereby, (ii) any actual or alleged presence or Release of Hazardous Materials on or from
any property owned or operated by the Borrower or any Subsidiary, or any Environmental Liability related in any way to the Borrower or any Subsidiary, or (iii) any investigation, litigation, or proceeding, whether or not any of the Indemnified
Parties is a party thereto, related to or in connection with any of the foregoing or any Loan Document, including any transaction in which any proceeds of any Advance or Letter of Credit are applied, including in each of the foregoing cases, any
such claim, damage, loss, liability or expense resulting from the negligence of any Indemnified Party, but excluding any such claim, damage, loss, liability or expense (A) sought to be recovered by any Indemnified Party to the extent such
claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnified Party or (B) results from a dispute
solely between or among Indemnified Parties which does not arise, directly or indirectly, from any act or omission of any Loan Party or any of its Subsidiaries or from any circumstance constituting a Default or Event of Default; provided
however, that the foregoing clause (B) shall not limit the Borrower’s obligation to indemnify and hold harmless the Administrative Agent in its capacity as such. 

(c) To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against
any Indemnified Party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or
any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance or Letter of Credit or the use of the proceeds thereof. No Indemnified Party shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions
contemplated hereby. 
 (d) To the extent that the Borrower for any reason fails to indefeasibly pay any amount
required under Section 8.04(a) or Section 8.04(b) to be paid by it to the Administrative Agent 

  
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(or any sub-agent thereof), any Issuing Bank or any Related Party of any of the foregoing but without affecting the Borrower’s obligation to pay such amounts, each Bank severally agrees to
pay to the Administrative Agent (or any such sub-agent), any Issuing Bank or such Related Party, as the case may be, such Bank’s Pro Rata Share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought)
of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or any Issuing
Bank in its capacity as such, or against any such Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or such Issuing Bank in connection with such capacity. The obligations of the Banks under this
Section 8.04(d) are subject to the provisions of Section 2.02(e) and Section 2.03(e). 
 (e) All amounts due under this Section shall be payable promptly after demand therefor. 
 (f) Without prejudice to the survival of any other agreement of the Borrower hereunder, all obligations of the Borrower under Section 2.13, Section 2.14 and this
Section 8.04 shall survive the termination of the Commitments and this Agreement and the payment in full of all amounts hereunder and under the Notes. 
 Section 8.05 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Bank and each Issuing Bank, and each of their respective Affiliates is hereby authorized at any
time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in
whatever currency) at any time owing by such Bank, Issuing Bank or any such Affiliate to or for the credit or the account of the Borrower or any other Loan Party against any and all of the obligations of the Borrower or such Loan Party now or
hereafter existing under this Agreement or any other Loan Document to such Bank or such Issuing Bank, irrespective of whether or no such Bank or such Issuing Bank shall have made any demand under this Agreement or any other Loan Document and
although such obligations of the Borrower or such Loan Party may be contingent or unmatured or are owed to a branch or office of such Bank or such Issuing Bank different from the branch or office holding such deposit or obligated on such
indebtedness; provided that in the event that any Defaulting Lender exercises any such right of setoff, (x) all amounts so set off will be paid over immediately to the Administrative Agent for further application in accordance with the
provisions of Section 2.21(b) and, pending such payment, will be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Banks and the Banks and
(y) the Defaulting Lender will provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Bank, each
Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Bank, Issuing Bank or their respective Affiliates may have. Each Bank and each Issuing Bank
agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

Section 8.06 Limitation and Adjustment of Interest. 

(a) Notwithstanding anything to the contrary set forth herein, in any other Loan Document or in any other document or
instrument, no provision of any of the Loan Documents or any other instrument or document furnished pursuant hereto or in connection herewith is intended or shall be construed to require the payment or permit the collection of interest in excess of
the maximum non-usurious rate permitted by applicable law. Accordingly, if the transactions with any Bank contemplated hereby would be usurious under applicable law, if any, then, in that event, notwithstanding anything to

  
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the contrary in any Note payable to such Bank, this Agreement or any other document or instrument, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest
under applicable law that is contracted for, taken, reserved, charged or received by such Bank under any Note payable to such Bank, this Agreement or any other document or instrument shall under no circumstances exceed the maximum amount allowed by
such applicable law, and any excess shall be canceled automatically and, if theretofore paid, shall, at the option of such Bank, be credited by such Bank on the principal amount of the indebtedness owed to such Bank by the Borrower or refunded by
such Bank to the Borrower, and (ii) in the event that the maturity of any Note payable to such Bank is accelerated or in the event of any required or permitted prepayment, then such consideration that constitutes interest under law applicable
to such Bank may never include more than the maximum amount allowed by such applicable law and excess interest, if any, to such Bank provided for in this Agreement or otherwise shall be canceled automatically as of the date of such acceleration or
prepayment and, if theretofore paid, shall, at the option of such Bank, be credited by such Bank on the principal amount of the indebtedness owed to such Bank by the Borrower or refunded by such Bank to the Borrower. In determining whether or not
the interest contracted for, taken, reserved, charged or received by any Bank exceeds the maximum non-usurious rate permitted by applicable law, such determination shall be made, to the extent that doing so does not result in a violation of
applicable law, by amortizing, prorating, allocating and spreading, in equal parts during the period of the full stated term of the loans hereunder, all interest at any time contracted for, taken, charged, received or reserved by such Bank in
connection with such loans. 
 (b) In the event that at any time the interest rate applicable to any Advance made
by any Bank would exceed the maximum non-usurious rate allowed by applicable law, the rate of interest to accrue on the Advances by such Bank shall be limited to the maximum non-usurious rate allowed by applicable law, but shall accrue, to the
extent permitted by law, on the principal amount of the Advances made by such Bank from time to time outstanding, if any, at the maximum non-usurious rate allowed by applicable law until the total amount of interest accrued on the Advances made by
such Bank equals the amount of interest which would have accrued if the interest rates applicable to the Advances pursuant to Article II had at all times been in effect. In the event that upon the final payment of the Advances made by
any Bank and termination of the Commitment of such Bank, the total amount of interest paid to such Bank hereunder and under the Notes is less than the total amount of interest which would have accrued if the interest rates applicable to such
Advances pursuant to Article II had at all times been in effect, then the Borrower agrees to pay to such Bank, to the extent permitted by law, an amount equal to the excess of (a) the lesser of (i) the amount of interest
which would have accrued on such Advances if the maximum non-usurious rate allowed by applicable law had at all times been in effect or (ii) the amount of interest which would have accrued on such Advances if the interest rates applicable to
such Advances pursuant to Article II had at all times been in effect over (b) the amount of interest otherwise accrued on such Advances in accordance with this Agreement. 

Section 8.07 Binding Effect. This Agreement shall become effective as provided in Section 3.01 hereof and
thereafter the provisions of this Agreement shall be binding upon and inure to the benefit of the Borrower and the Administrative Agent and each Bank and their respective successors and assigns permitted hereby, except that the Borrower may not
assign any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each of the Banks and no Bank may assign or otherwise transfer any of its rights or obligations hereunder except (a) to an
assignee in accordance with the provisions of Section 8.08(a), Section 8.08(d), Section 8.08(g) or Section 2.18, (b) by way of participation in accordance with the
provisions of Section 8.08(c) or (c) by way of pledge or assignment of a security interest subject to the restrictions of Section 8.08(f) (and any other attempted assignment or transfer by any party hereto
shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
Section 8.08(c) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Banks) any legal or equitable right, remedy or claim under or by reason of this Agreement.

  
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 Section 8.08 Assignments and Participations. 

(a) Assignments by Banks. Any Bank may at any time assign to one or more assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitment and the Advances at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 
 (A) in the case of an assignment of the entire remaining amount of the assigning Bank’s Commitment and the Advances at the time owing to it or in the case of an assignment to a Bank, an Affiliate of
a Bank or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in
subsection (a)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Advances outstanding thereunder) of, if the applicable Commitment is not then in effect, the principal outstanding balance of
the Advances of the assigning Bank subject to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the
Assignment and Acceptance, as of the Trade Date) shall be in increments of $1,000,000 and shall not be less than $10,000,000, in respect of a term facility, unless each of the Administrative Agent and, so long as no Event of Default exists under
Section 6.01(a) or Section 6.01(e) has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all
the assigning Bank’s rights and obligations under this Agreement with respect to the Advance or the Commitment assigned. 
 (iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph (a)(i)(B) of this Section and, in addition: 

(A) the consent of the Borrower (such consent not to unreasonably withheld or delayed) shall be required unless
(x) an Event of Default exists under Section 6.01(a) or Section 6.01(e) at the time of such assignment or (y) such assignment is to a Bank, an Affiliate of a Bank or an Approved Fund; provided
that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent with five Business Days after having received notice thereof. 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required
for assignments in respect of any Commitment if such assignment is to a Person that is not a Bank with a Commitment in respect of such facility, an Affiliate of such Bank or an Approved Fund with respect to such Bank; and 

  
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 (C) the consent of each Issuing Bank (such consent not to be unreasonably
withheld or delayed) shall be required for any assignment. 
 (iv) Assignment and Acceptance. The parties
to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to
waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Bank, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to Borrower. No such assignment shall be made to the Borrower or any of the Borrower’s
Affiliates or Subsidiaries. 
 (vi) No Assignment to Natural Persons. No such assignment shall be made to
a natural Person. 
 (vii) No Assignment to Defaulting Lender. No such assignment will be made to any
Defaulting Lender or any of their respective Subsidiaries, or any Person who, upon becoming a Bank hereunder, would constitute any of the foregoing Persons described in this clause. 

(viii) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting
Lender hereunder, no such assignment will be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment make such additional payments to the Administrative Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the
Administrative Agent, the applicable Pro Rata Share of Advances previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Administrative Agent, each Issuing Bank and each other Bank hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full Pro Rata Share of all
Advances and participations in Letters of Credit. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder becomes effective under applicable law without compliance with the
provisions of this paragraph, then the assignee of such interest will be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 8.08(b), from and after the effective date specified in each Assignment and Acceptance, the
assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Bank under this Agreement, and the assigning Bank thereunder shall, to the
extent of the interest assigned by such Assignment and Acceptance, be released from is obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Bank’s rights and obligations under this
Agreement, such Bank shall cease to be a party thereto) but shall continue to be entitled to the benefits of Section 2.12, Section 2.13, Section 2.14 and Section 8.04 with
respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver
or release of any claim of any party hereunder arising from that Bank’s having been a Defaulting Lender. Any assignment or transfer by a Bank of rights or obligations under this Agreement that does not comply with this paragraph shall be
treated for purposes of this Agreement as a sale by such Bank of a participation in such rights and obligations in accordance with Section 8.08(c). 

  
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 (b) Register. The Administrative Agent shall maintain at its address
referred to in Section 8.02 a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Banks and the Commitment of, and the principal amount (and
stated interest) of the Revolving Credit Advances owing to, each Bank from time to time (the “Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower,
the Administrative Agent and the Banks shall treat each Person whose name is recorded in the Register as a Bank hereunder for all purposes of this Agreement. Upon its receipt of an Assignment and Acceptance executed and delivered to it in accordance
with the terms of this Agreement, the Administrative Agent shall accept such Assignment and Acceptance and record such assignment in the Register. The Register shall be available for inspection by the Borrower or any Bank, at any reasonable time and
from time to time upon reasonable prior notice. 
 (c) Participations. Any Bank may at any time, without
the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person or the Borrower or any of its Affiliates) (each a “Participant”) in or to all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Commitment, the Advances owing to it and the Notes held by it); provided that (i) such Bank’s obligations under this Agreement shall remain
unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the Banks and the Issuing Banks shall continue to deal
solely and directly with such Bank in connection with such Bank’s rights and obligations under this Agreement, and (iv) the terms of any such participation shall not restrict such Bank’s ability to make any amendment or waiver of this
Agreement or any Note or such Bank’s ability to consent to any departure by the Borrower therefrom without the approval of the Participant; provided that such participation may provide that such Bank will not, without the consent of the
Participant, agree to any amendment, modification or waiver described in the first proviso in Section 8.01(a) that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of
Section 2.12, Section 2.13 and Section 2.14 (subject to the requirements and limitations therein, including the requirements under Section 2.14(f) (it being understood that
the documentation required under Section 2.14(f) shall be delivered to the participating Bank)) to the same extent as if it were a Bank and had acquired its interest by assignment pursuant to Section 8.08(a);
provided that such Participant (A) agrees to be subject to the provisions of Section 2.13(e) and Section 2.18 as if it were an assignee under paragraph (b) of this Section; and (B) shall
not be entitled to receive any greater payment under Section 2.13 or Section 2.14, with respect to any participation, than its participating Bank would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Bank that sells a participation agrees, at the Borrower’s request and expense, to use reasonable
efforts to cooperate with the Borrower to effectuate the provisions of Section 2.18 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 8.05 as though it were a Bank, provided such Participant agrees to be subject to Section 2.15 as though it were a Bank. Each Bank that sells a participation shall, acting solely for this purpose as an
agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Advances or other obligations under the Loan Documents
(the “Participant Register”); provided that no Bank shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit
or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. 

  
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The entries in the Participant Register shall be conclusive absent manifest error, and such Bank shall treat each Person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant
Register. 
 (d) Assignment by an Issuing Bank. Each Issuing Bank may assign to an Eligible Assignee all
of its rights and obligations under the undrawn portion of its Letter of Credit Commitment at any time; provided, however, that (i) each such assignment shall be to an Eligible Assignee and (ii) the parties to each such
assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with a processing and recordation fee of $3,500; provided that the Administrative Agent
may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. 

(e) Disclosure of Information. Any Bank may, in connection with any assignment or participation or proposed
assignment or participation pursuant to this Section 8.08, disclose to the assignee or Participant or proposed assignee or Participant, any information relating to the Borrower or any of its Subsidiaries furnished to such Bank by
or on behalf of the Borrower or any of its Subsidiaries; provided that, prior to any such disclosure, the assignee or Participant or proposed assignee or Participant shall agree to comply with Section 8.14. 

(f) Certain Pledges. Any Bank may at any time pledge or assign a security interest in all or any portion of its
rights under this Agreement to secure obligations of such Bank, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that not such pledge or assignment shall release such Bank from any of its
obligations hereunder or substitute any such pledge or assignee for such Bank as a party hereto. 
 (g)
Resignation as an Issuing Bank After Assignment or Replacement. Notwithstanding anything to the contrary contained herein, if at any time a Bank that is also an Issuing Bank assigns all of its Commitment and Advances pursuant to
subsection (b) above or Section 2.18 hereof, such Issuing Bank may, upon 30 days’ notice to the Borrower and the Banks, resign as an Issuing Bank. In the event of any such resignation as an Issuing
Bank, the Borrower shall be entitled to appoint from among the Banks (subject to the consent of the applicable Bank) one or more successor Issuing Banks hereunder. The failure by the Borrower to appoint a successor Issuing Bank shall not affect the
resignation of the resigning Issuing Bank. Such resigning Issuing Bank shall retain all the rights and obligations of an Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an
Issuing Bank and all obligations of the Borrower or any Bank under this Agreement with respect to any outstanding Letter of Credit (including the right to require the Banks to make Letter of Credit Advances or otherwise fund participations in
Letters of Credit pursuant to Section 2.03(d)). Upon the appointment of a successor Issuing Bank (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the resigning
Issuing Bank, and (b) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the resigning Issuing Bank
to effectively assume the obligations of such resigning Issuing Bank with respect to such Letters of Credit. 

Section 8.09 No Liability of Issuing Banks. The Borrower assumes all risks of the acts or omissions of any beneficiary or
transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither any Issuing Bank nor any of its officers or directors shall be liable or responsible for: (a) the use that may be made of any Letter of Credit or any
acts or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement 

  
 85 

 
thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; (c) payment by such Issuing Bank against presentation of documents that
do not comply with the terms of a Letter of Credit, including failure of any documents to bear any reference or adequate reference to the Letter of Credit; or (d) any other circumstances whatsoever in making or failing to make payment under any
Letter of Credit, except that the Borrower shall have a claim against such Issuing Bank, and such Issuing Bank shall be liable to the Borrower, to the extent of any direct, but not consequential, damages suffered by the Borrower that the Borrower
proves were caused by (i) such Issuing Bank’s willful misconduct or gross negligence as determined in a final, non-appealable judgment by a court of competent jurisdiction in determining whether documents presented under any Letter of
Credit comply with the terms of the Letter of Credit or (ii) such Issuing Bank’s willful failure to make lawful payment under a Letter of Credit after the presentation to it of a draft and certificates strictly complying with the terms and
conditions of the Letter of Credit. In furtherance and not in limitation of the foregoing, such Issuing Bank may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or
information to the contrary. 
 Section 8.10 Counterparts; Integration, Effectiveness; Electronic Execution.

 (a) Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by
different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any separate letter agreements
with respect to fees payable to the Administrative Agent, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the
subject matter hereof. 
 (b) Delivery of an executed counterpart of a signature page of this Agreement, any
other Loan Document and any documents executed in connection therewith by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart. 

(c) Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Acceptance shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 Section 8.11 Judgment. 
 (a) If for the purposes of
obtaining judgment in any court it is necessary to convert a sum due hereunder in Dollars into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which
in accordance with normal banking procedures the Administrative Agent could purchase Dollars with such other currency at Reference Bank’s principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which final
judgment is given. 
 (b) If for the purposes of obtaining judgment in any court it is necessary to convert a sum
due hereunder in a Foreign Currency into Dollars, the parties agree to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent
could purchase such Foreign Currency with Dollars at Reference Agent’s principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given. 

  
 86 

 (c) The obligation of the Borrower in respect of any sum due from it in any
currency (the “Primary Currency”) to any Bank (including any Issuing Bank) or the Administrative Agent hereunder shall, notwithstanding any judgment in any other currency, be discharged only to the extent that on the Business
Day following receipt by such Bank or the Administrative Agent (as the case may be), of any sum adjudged to be so due in such other currency, such Bank or the Administrative Agent (as the case may be) may in accordance with normal banking procedures
purchase the applicable Primary Currency with such other currency; if the amount of the applicable Primary Currency so purchased is less than such sum due to such Bank or the Administrative Agent (as the case may be) in the applicable Primary
Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Bank or the Administrative Agent (as the case may be) against such loss, and if the amount of the applicable Primary Currency so
purchased exceeds such sum due to any Bank or the Administrative Agent (as the case may be) in the applicable Primary Currency, such Bank or the Administrative Agent (as the case may be) agrees to remit to the Borrower such excess. 

Section 8.12 Governing Law. This Agreement and the other Loan Documents and any claims, controversy, dispute or cause of
action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby
and thereby shall be governed by, and construed in accordance with, the laws of the State of New York. 
 Section 8.13
Jurisdiction; Damages. 
 (a) Each of the parties hereto irrevocably and unconditionally agrees that it
will not commence, or permit any of its Subsidiaries to commence, any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against any other party hereto, or any Related
Party of the foregoing in any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in the Borough of Manhattan, and of the
United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and agrees that all
claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such federal court. Each of the parties hereto agrees that a final
judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each of the parties hereto agrees that a final judgment in any such
action or proceeding may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (b) Each of the parties hereto hereby irrevocably and unconditionally waives to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or
proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in Section 8.13(a) and any objection that it may now or hereafter have to the laying of venue of any action or proceeding
in any such court. 
 (c) Each party hereto irrevocably consents to service of process in the manner provided for
notices in Section 8.02. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 

  
 87 

 (d) Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (e) Each of the Borrower, the Administrative Agent and the Banks hereby irrevocably and unconditionally waives, to the fullest extent it may effectively do so under applicable law, any right it may have
to claim or recover in any action or proceeding referred to in this Section 8.13 any exemplary or punitive damages. The Borrower hereby further irrevocably waives, to the fullest extent it may effectively do so under applicable
law, any right it may have to claim or recover in any action or proceeding referred to in this Section 8.13 any special or consequential damages. 
 Section 8.14 Confidentiality. 
 (a) Each of the
Administrative Agent and each of the Banks agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Related Parties (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (ii) to the extent required or requested by any regulatory authority purporting to have jurisdiction over
such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal
process, (iv) to any other party hereto, (v) in connection with the exercise of any remedies hereunder or under any other Loan Document, any action or proceeding relating to this Agreement or any other Loan Document, the enforcement of
rights hereunder or thereunder or any litigation or proceeding to which the Administrative Agent or any Bank or any of its respective Affiliates may be a party, (vi) subject to an agreement containing provisions substantially the same as those
of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement, (B) any actual or prospective party (or its Related Parties) surety,
reinsurer, guarantor or credit liquidity enhancer (or their advisors) to or in connection with any swap, derivative or other similar transaction under which payments are to be made by reference to the Obligations or to the Borrower and its
obligations or to this Agreement or payments hereunder, (vii) on a confidential basis to (A) any rating agency in connection with rating the Borrower or its Subsidiaries or this Agreement or (B) the CUSIP Service Bureau or any similar
agency in connection with the issuance and monitoring of CUSIP numbers with respect to this Agreement, (viii) with the consent of the Borrower or (ix) to the extent such Information (A) becomes publicly available other than as a
result of a breach of this Section or (B) becomes available to the Administrative Agent, any Bank or any of their respective Affiliates on a nonconfidential basis from a source other than a Loan Party. 

For purposes of this Section, “Information” means all information received from a Loan Party or
any of its respective Subsidiaries relating to a Loan Party or any of its respective Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Bank on a nonconfidential
basis prior to disclosure by any Loan Party or any of its respective Subsidiaries, provided that, in the case of information received from a Loan Party or any of its Subsidiaries after the date hereof, such information is clearly identified
at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 (b) Treatment of Information. (i) Certain of the Banks may enter into this Agreement and take or not take action hereunder or under the other Loan Documents on the basis of

  
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information that does not contain material non-public information with respect to any of the Loan Parties or their securities (“Restricting Information”). Other Banks may
enter into this Agreement and take or not take action hereunder or under the other Loan Documents on the basis of information that may contain Restricting Information. Each Bank acknowledges that United States federal and state securities laws
prohibit any person from purchasing or selling securities on the basis of material, non-public information concerning the issuer of such securities or, subject to certain limited exceptions, from communicating such information to any other Person.
Neither the Administrative Agent nor any of its Related Parties shall, by making any Communications (including Restricting Information) available to a Bank, by participating in any conversations or other interactions with a Bank or otherwise, make
or be deemed to make any statement with regard to or otherwise warrant that any such information or Communication does or does not contain Restricting Information nor shall the Administrative Agent or any of its Related Parties be responsible or
liable in any way for any decision a Bank may make to limit or to not limit its access to Restricting Information. In particular, none of the Administrative Agent nor any of its Related Parties (A) shall have, and the Administrative Agent, on
behalf of itself and each of its Related Parties, hereby disclaims, any duty to ascertain or inquire as to whether or not a Bank has or has not limited its access to Restricting Information, such Bank’s policies or procedures regarding the
safeguarding of material, nonpublic information or such Bank’s compliance with applicable laws related thereto or (B) shall have, or incur, any liability to any Loan Party or Bank or any of their respective Related Parties arising out of
or relating to the Administrative Agent or any of its Related Parties providing or not providing Restricting Information to any Bank. 
 (ii) Each Loan Party agrees that (A) all Communications it provides to the Administrative Agent intended for delivery to the Banks whether by posting to the Approved Electronic Platform or otherwise
shall be clearly and conspicuously marked “PUBLIC” if such Communications do not contain Restricting Information which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof,
(B) by marking Communications “PUBLIC,” each Loan Party shall be deemed to have authorized the Administrative Agent and the Banks to treat such Communications as either publicly available information or not material information
(although, in this latter case, such Communications may contain sensitive business information and, therefore, remain subject to the confidentiality undertakings of this Section) with respect to such Loan Party or its securities for purposes of
United States Federal and state securities laws, (C) all Communications marked “PUBLIC” may be delivered to all Banks and may be made available through a portion of the Approved Electronic Platform designated “Public Side
Information,” and (D) the Administrative Agent shall be entitled to treat any Communications that are not marked “PUBLIC” as Restricting Information and may post such Communications to a portion of the Approved Electronic
Platform not designated “Public Side Information.” Neither the Administrative Agent nor any of its Affiliates shall be responsible for any statement or other designation by a Loan Party regarding whether a Communication contains or does
not contain material non-public information with respect to any of the Loan Parties or their securities nor shall the Administrative Agent or any of its Affiliates incur any liability to any Loan Party, any Bank or any other Person for any action
taken by the Administrative Agent or any of its Affiliates based upon such statement or designation, including any action as a result of which Restricting Information is provided to a Bank that may decide not to take access to Restricting
Information. Nothing in this subsection (b) shall modify or limit a Bank’s obligations under Section 8.14(a) with regard to Communications and the maintenance of the confidentiality of or other treatment of
Information. 
 (c) Each Bank acknowledges that circumstances may arise that require it to refer to
Communications that might contain Restricting Information. Accordingly, each Bank agrees that it will nominate at least one designee to receive Communications (including Restricting Information) on its behalf and identify such designee (including
such designee’s contact information) on such Bank’s 

  
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Administrative Questionnaire. Each Bank agrees to notify the Administrative Agent from time to time of such Bank’s designee’s e-mail address to which notice of the availability of
Restricting Information may be sent by electronic transmission. 
 (d) Each Bank acknowledges that Communications
delivered hereunder and under the other Loan Documents may contain Restricting Information and that such Communications are available to all Banks generally. Each Bank that elects not to take access to Restricting Information does so voluntarily
and, by such election, acknowledges and agrees that the Administrative Agent and other Banks may have access to Restricting Information that is not available to such electing Bank. None of the Administrative Agent nor any Bank with access to
Restricting Information shall have any duty to disclose such Restricting Information to such electing Bank or to use such Restricting Information on behalf of such electing Bank, and shall not be liable for the failure to so disclose or use, such
Restricting Information. 
 (e) The provisions of the foregoing subsections of this Section are designed to
assist the Administrative Agent, the Banks and the Loan Parties, in complying with their respective contractual obligations and applicable law in circumstances where certain Banks express a desire not to receive Restricting Information
notwithstanding that certain Communications hereunder or under the other Loan Documents or other information provided to the Banks hereunder or thereunder may contain Restricting Information. Neither the Administrative Agent nor any of its Related
Parties warrants or makes any other statement with respect to the adequacy of such provisions to achieve such purpose nor does the Administrative Agent or any of its Related Parties warrant or make any other statement to the effect that a Loan
Party’s or Bank’s adherence to such provisions will be sufficient to ensure compliance by such Loan Party or Bank with its contractual obligations or its duties under applicable law in respect of Restricting Information and each of the
Banks and each Loan Party assumes the risks associated therewith. 
 Section 8.15 Patriot Act Notice. Each Bank and
the Administrative Agent (for itself and not on behalf of any Bank) hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information that will allow such Bank or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Patriot Act. The Borrower shall provide, to the
extent commercially reasonable in light of applicable restrictions or limitations under contract or law, regulation or governmental guidelines, such information and take such actions as are reasonably requested by the Administrative Agent or any
Banks in order to assist the Administrative Agent and the Banks in maintaining compliance under any applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act. 

Section 8.16 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

  
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 Section 8.17 Substitution of Currency. If a change in any Committed Foreign
Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by an Issuing Bank to be necessary to reflect the change in
currency and to put such Issuing Bank and the Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Foreign Currency had occurred. 

Section 8.18 Certain Matters with Respect to Existing Credit Agreement. Each Bank which is a “Bank” under
the Existing Credit Agreement, in its capacity as a Bank as defined in the Existing Credit Agreement and if applicable in its capacity as an “Issuing Bank” as defined in the Existing Credit Agreement, (a) waives the requirement in
Section 2.05 of the Existing Credit Agreement that the Borrower provide prior notice of termination of Unused Revolving Credit Commitments and Letter of Credit Commitments, and (b) agrees that from and after the Effective Date, the
Existing Letters of Credit shall cease to be “Letters of Credit” issued pursuant to the Existing Credit Agreement. 

[Remainder of page intentionally blank.] 

  
 91 

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

			
	BORROWER:
	
	KBR, INC.
		
	By:	 	 /s/ Charles E. Schneider

		 	Name: Charles E. Schneider
		 	Title:   Vice President, Finance and Treasurer

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	 CITIBANK, N.A., as Administrative Agent

		
	 By:
	 	 /s/ Andy Sidford

		 	 Name:
	 	 Andy Sidford

		 	 Title:
	 	Vice President
	
	CITIBANK, N.A., as Bank and as an Issuing Bank
		
	 By:
	 	 /s/ Andy Sidford

		 	 Name:
	 	 Andy Sidford

		 	 Title:
	 	 Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

					
	THE ROYAL BANK OF SCOTLAND PLC,
	as an Issuing Bank and a Bank
		
	By:	 	 /s/ Patricia Dundee

		 	Name:	 	Patricia Dundee
		 	Title:	 	Authorised Signatory

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	THE BANK OF NOVA SCOTIA,
	as an Issuing Bank and a Bank
		
	By:	 	 /s/ John Frazell

		 	Name:	 	John Frazell
		 	Title:	 	Director

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	ING BANK N.V.,
	as an Issuing Bank and a Bank
		
	By:	 	 /s/ R.P. Boon

		 	Name:	 	R.P. Boon
		 	Title:	 	Director
		
	By:	 	 /s/ E.W.Th. Hollemans

		 	Name:	 	E.W.Th. Hollemans
		 	Title:	 	Director

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	BANK OF AMERICA, N.A.,
	as an Issuing Bank and a Bank
		
	By:	 	 /s/ G Scott Lambert

		 	Name:	 	G Scott Lambert
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	LLOYDS TSB BANK PLC,
	as a Bank
		
	By:	 	 /s/ Jonathan Eng

		 	Name:	 	Jonathan Eng
		 	Title:	 	Vice President
		
	 By:
	 	 /s/ Windsor Davies

		 	Name:	 	Windsor Davies
		 	Title:	 	Managing Director

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	REGIONS BANK,
	as a Bank
		
	By:	 	 /s/ Michael Foster

		 	Name:	 	Michael Foster
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	SUMITOMO MITSUI BANKING CORPORATION,
	as a Bank
		
	By:	 	 /s/ Masakazu Hasegawa

		 	Name:	 	Masakazu Hasegawa
		 	Title:	 	Managing Director

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED, as a Bank
		
	By:	 	 /s/ Robert Grillo

		 	Name:	 	Robert Grillo
		 	Title:	 	Director

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	BARCLAYS BANK PLC,
	as a Bank
		
	By:	 	 /s/ Ben Hickes

		 	Name:	 	Ben Hickes
		 	Title:	 	Authorised Signatory

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	BRANCH BANKING AND TRUST COMPANY,
	as a Bank
		
	By:	 	 /s/ De Von J. Lang

		 	Name:	 	De Von J. Lang
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	COMPASS BANK,
	as an Issuing Bank and a Bank
		
	By:	 	 /s/ Susana Campuzano

		 	Name:	 	Susana Campuzano
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	NATIONAL BANK OF KUWAIT, SAK,
	as a Bank
		
	By:	 	 /s/ Marwan Isbaih

		 	Name:	 	Marwan Isbaih
		 	Title:	 	General Manager
		
	By:	 	 /s/ Wendy B. Wanninger

		 	Name:	 	Wendy B. Wanninger
		 	Title:	 	Executive Manager Corporate Banking

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	STANDARD CHARTERED BANK,
	as a Bank
		
	By:	 	 /s/ James P. Hughes

		 	Name:	 	James P. Hughes A2386
		 	Title:	 	Director
		
	By:	 	 /s/ Robert K. Reddington

		 	Name:	 	Robert K. Reddington
		 	Title:	 	 Credit Documentation Manager
 Credit Documentation Unit,
WB Legal-Americas

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	U.S. BANK NATIONAL ASSOCIATION,
	as a Bank
		
	By:	 	 /s/ Steven L. Sawyer

		 	Name:	 	Steven L. Sawyer
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	WELLS FARGO BANK, N.A.,
	as a Bank
		
	By:	 	 /s/ Chulley Bogle

		 	Name:	 	Chulley Bogle
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	ABU DHABI INTERNATIONAL BANK,
	as a Bank
		
	By:	 	 /s/ David Young

		 	Name:	 	David Young
		 	Title:	 	Vice President
		
	By:	 	 /s/ William Ghazar

		 	Name:	 	William Ghazar
		 	Title:	 	Senior Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	COMERICA BANK,
	as a Bank
		
	By:	 	 /s/ L.J. Perenyi

		 	Name:	 	L.J. Perenyi
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	FIFTH THIRD BANK,
	as a Bank
		
	By:	 	 /s/ Mike Mendenhall

		 	Name:	 	Mike Mendenhall
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	 RIYAD BANK, HOUSTON AGENCY,

	 as a Bank

		
	 By:
	 	 /s/ William B. Shepard

		 	 Name:
	 	 William B. Shepard

		 	 Title:
	 	 General Manager

		
	 By:
	 	 /s/ Clark Mercer

		 	 Name:
	 	Clark Mercer
		 	 Title:
	 	VP & Administrative Officer

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	STATE STREET BANK AND TRUST COMPANY,
	as a Bank
		
	By:	 	 /s/ Juan G. Sierra

		 	Name:	 	Juan G. Sierra
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	UBS LOAN FINANCE LLC,
	as a Bank
		
	By:	 	 /s/ Mary E. Evans

		 	Name:	 	Mary E. Evans
		 	Title:	 	Associate Director
		
	By:	 	 /s/ Irja R. Otsa

		 	Name:	 	Irja R. Otsa
		 	Title:	 	Associate Director

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 
					
	UNION BANK, N.A.,
	as a Bank
		
	By:	 	 /s/ John C. Kase

		 	Name:	 	John C. Kase
		 	Title:	 	Vice President

  
 Signature
Page 
 to 
 Five Year Revolving Credit Agreement 

 SCHEDULE I 
 COMMITMENTS 
  

									
	 Name of Bank
	  	Revolving Credit
Commitment	 	  	Letter of Credit
Commitment	 
			
	 Citibank, N.A.
	  	$	85,000,000	  	  	$	200,000,000	  
			
	 The Royal Bank of Scotland plc
	  	$	85,000,000	  	  	$	200,000,000	  
			
	 ING Bank N.V.
	  	$	85,000,000	  	  	$	200,000,000	  
			
	 The Bank of Nova Scotia
	  	$	85,000,000	  	  	$	200,000,000	  
			
	 Bank of America, N.A.
	  	$	55,000,000	  	  	$	100,000,000	  
			
	 Lloyds TSB Bank Plc
	  	$	55,000,000	  	  			
			
	 Regions Bank
	  	$	55,000,000	  	  			
			
	 Sumitomo Mitsui Banking Corporation
	  	$	55,000,000	  	  			
			
	 Australia and New Zealand Banking Group Limited
	  	$	37,500,000	  	  			
			
	 Barclays Bank plc
	  	$	37,500,000	  	  			
			
	 Branch Banking and Trust Company
	  	$	37,500,000	  	  			
			
	 Compass Bank
	  	$	37,500,000	  	  	$	150,000,000	  
			
	 National Bank of Kuwait, SAK
	  	$	37,500,000	  	  			
			
	 Standard Chartered Bank
	  	$	37,500,000	  	  			
			
	 U.S. Bank National Association
	  	$	37,500,000	  	  			
			
	 Wells Fargo Bank, N.A.
	  	$	37,500,000	  	  			
			
	 Abu Dhabi International Bank
	  	$	20,000,000	  	  			
			
	 Comerica Bank
	  	$	20,000,000	  	  			
			
	 Fifth Third Bank
	  	$	20,000,000	  	  			
			
	 Riyad Bank, Houston Agency
	  	$	20,000,000	  	  			
			
	 State Street Bank and Trust Company
	  	$	20,000,000	  	  			
			
	 UBS Loan Finance LLC
	  	$	20,000,000	  	  			
			
	 Union Bank, N.A.
	  	$	20,000,000	  	  			
			
	 Total
	  	$	1,000,000,000	  	  			

  
 Schedule I
– Page 1 

 SCHEDULE II 
 EXISTING LETTERS OF CREDIT 
  

									
	 Legal Entity
	  	 Beneficiary (short name)
	  	Issuing Bank	  	Amount (current)	 
	 BE&K, Inc
	  	 The Travelers Indemnity Company
	  	Bank of America	  	USD	 335,000.00	  
	 BE&K, Inc
	  	 The Travelers Indemnity Company
	  	Bank of America	  	USD	15,040,000.00	  
	 BE&K, Inc
	  	 St. Paul Fire and Marine Insurance Co.
	  	Bank of America	  	USD	1,045,314.00	  
				
	 BE&K International, Inc.
	  	 BNY Mellon
	  	Bank of America	  	USD	4,319,908.00	  
				
	 BE&K International, Inc.
	  	 BNY Mellon
	  	Bank of America	  	USD	984,792.00	  
				
	 BE&K Building Group, Inc.
	  	 Zurich American Insurance Company
	  	Bank of America	  	USD	3,472,094.00	  
				
	 Kellogg Brown & Root Pty Limited
	  	 Tribune Properties Pty Ltd
	  	Bank of America	  	AUD	3,029,833.80	  
				
	 SK - KBR Technologies Pte. Ltd.
	  	 Central Provident Fund Board
	  	Bank of America	  	SGD	20,174.70	  
				
	 Suitt Construction Co., Inc
	  	 The Travelers Indemnity Company
	  	Compass Bank	  	USD	250,000.00	  
				
	 BE&K Construction Company, LLC
	  	 Progress Energy Carolinas, Inc.
	  	Bank of America	  	USD	3,448,991.33	  
				
	 BE&K Bldg Group LLC
	  	 National Union Fire Insurance Co., et al
	  	Compass Bank	  	USD	2,806,944.00	  
				
	 KBR, Inc.
	  	 Ace&Pacific Employers&Illinois Union
	  	Citibank	  	USD	30,375,320.00	  
				
	 Kellogg Brown & Root International Inc (Delaware)
	  	 BEA & Sonatrach
	  	Citibank	  	DZD	173,269,669.73	  
				
	 KBR, Inc.
	  	 Ministry of Labor - Jordan
	  	Citibank	  	JOD	1,800.00	  
				
	 KBR Holdings, LLC
	  	 ACE American Insurance Company
	  	Citibank	  	USD	14,469,282.00	  
				
	 BE&K Const. Co. LLC
	  	 Red River Environmental Products, LLC
	  	Citibank	  	USD	18,556,322.00	  

  
 Schedule II
– Page 1 

									
	 Legal Entity
	  	 Beneficiary (short name)
	  	Issuing Bank	  	Amount (current)	 
	 Kellogg Brown & Root Overseas Limited
	  	 Sonangol E.P.
	  	Citibank	  	USD	4,512,600.00	  
				
	 P. T. KBR Engineers Indonesia
	  	 BP BERAU LTD
	  	Citibank	  	USD	13,113.00	  
				
	 Kellogg Brown & Root Pty Limited
	  	 Maritime Nominees & Permanent Trustee Australia
	  	Citibank	  	AUD	1,252,508.29	  
				
	 Kellogg Brown & Root LLC
	  	 CHEVRON PRODUCTS COMPANY
	  	Citibank	  	USD	5,280,000.00	  
				
	 Kellogg Brown & Root International Inc (Delaware)
	  	 BEA & Sonatrach
	  	RBS	  	USD	24,322,963.72	  
				
	 Kellogg Brown & Root International Inc (Delaware)
	  	 BEA & Sonatrach
	  	RBS	  	EUR	3,088,797.31	  
				
	 Kellogg Brown & Root International Inc (Delaware)
	  	 BEA & Sonatrach
	  	RBS	  	EUR	16,351,649.42	  
				
	 Kellogg Brown & Root International Inc (Delaware)
	  	 BEA & Sonatrach
	  	RBS	  	USD	92,000,100.00	  

  
 Schedule II
– Page 2 

 SCHEDULE III 
 SUBSIDIARY GUARANTORS 
  

	1.	KBR Holdings, LLC 

  

	2.	Kellogg Brown & Root Services, Inc. 

  

	3.	Kellogg Brown & Root LLC 

  

	4.	KBR USA LLC 

  

	5.	KBR Group Holdings, LLC 

  
 Schedule III
– Page 1 

 SCHEDULE IV 
 ISSUING BANK INFORMATION 
  

			
	 ISSUING BANK
	  	 CONTACT INFORMATION

		
	Citibank, N.A.	  	 Chris Delduca

Citi
 Global Loan Operations

1615 Brett Road
 OPS III

New Castle, DE 19720
 Telephone:
302-323-7330
 Fax: 212-994-0961

E-mail: Chris.Delduca@citi.com

		
	The Royal Bank of Scotland plc	  	 Richard Emmich
 600
Washington Boulevard
 Stamford, CT 06901

Telephone: 203-897-7619
 Fax:
203-873-3569
 Email: Richard.emmich@rbs.com
  

Marchette Major
 600 Washington
Boulevard
 Stamford, CT 06901

Telephone: 203-897-7638
 Fax:
203-873-3569
 Email: marchette.major@rbs.com

		
	ING Bank, N.V.	  	 ING Bank N.V.
 Attn: Mid
Office Documentary Trade Department, Location Code FP A 03.05
 Bijlmerdreef 109, 1102 BW
 Amsterdam Zuidoost
 Telephone:    +31 20 563 9512 / +31 20 563 9090

Fax:               +31 20 563 5819

Email: ibn.doctrade.mid.office@mail.ing.nl

		
	The Bank of Nova Scotia	  	 Wendy McLaughlin
 The Bank
of Nova Scotia
 711 Louisiana St., Suite 1400
 Houston, TX 77002
 Fax: 832-426-6023
 Email: wendy.mclaughlin@scotiabank.com

  
 Schedule IV
– Page 1 

			
	Bank of America, N.A.	  	 Tai Lu
 Bank of America,
N.A.
 Mail Code: CA9-705-07-05
 1000 W.
Temple St.
 Los Angeles, CA 90012

Telephone: (213) 481-7840
 Fax: (213)
457-8841
 Email: tai_anh.lu@baml.com

		
	Compass Bank	  	 Keri Seadler
 Compass
Bank
 24 Greenway Plaza, Ste. 1403

Houston, TX 77047
 Telephone:
713-968-8234
 Fax: 205-524-0385
 Email:
Keri.seadler@bbvacompass.com

  
 Schedule IV
– Page 2 

 SCHEDULE 4.01(b) 

LOAN PARTIES 
 AND THEIR RESPECTIVE SUBSIDIARIES 
 BORROWER: 

KBR, INC. 
 Incorporated in the State of
Delaware, United States of America 
 SUBSIDIARY GUARANTORS: 

 

	1.	KBR HOLDINGS, LLC 

Organized in the State of Delaware, United States of America 
 No. of Shares Authorized: 135,627,000                    Issued: 135,627,000 

Outstanding: 135,627,000 
 All shares are Common 
 100% of the 135,627,000 Shares of Common Stock owned by
KBR, Inc. 
  

	2.	KELLOGG BROWN & ROOT LLC 

 Organized in the State of Delaware, United States of America 
 No. of Shares
Authorized: 1,000                    Issued: 1,000 Outstanding: 1,000 
 All shares are Common 
 100% of the 1,000 Shares of Common Stock owned by KBR
Holdings, LLC 
  

	3.	KELLOGG BROWN & ROOT SERVICES, INC. 

 Incorporated in the State of Delaware, United States of America 
 No. of Shares
Authorized: 18,000                  Issued: 18,000 Outstanding: 18,000 
 All shares are Common 
 100% of the 18,000 Shares of Common Stock owned by KBR
Holdings, LLC 
  

	4.	KBR USA LLC 

 Organized in
the State of Delaware, United States of America 
 No. of Shares Authorized:
1,000                    Issued: 1,000 Outstanding: 1,000 
 All shares are Common 
 100% of the 1,000 Shares of Common Stock owned by KBR
Holdings, LLC 
  

	5.	KBR GROUP HOLDINGS, LLC 

Incorporated in the State of Delaware, United States of America 
 No. of Shares Authorized: 100                      Issued: 18,000 Outstanding: 10 

All shares are Common 
 100% of the 10 Shares of Common Stock owned by KBR Holdings, LLC 

  
 Schedule
4.01(b) – Page 1 

 DIRECT SUBSIDIARIES OF THE SUBSIDIARY GUARANTORS 

 

	A.	KBR Holdings, LLC 

  

							
	 Subsidiary
	  	Percentage Ownership by
KBR Holdings, LLC	 	Entity Type	  	Jurisdiction
	 KBR USA LLC
	  	100%	 	LLC	  	Delaware
	 KBR Group Holdings, LLC
	  	100%	 	LLC	  	Delaware
	 Kellogg Brown & Root LLC
	  	100%	 	LLC	  	Delaware
	 Kellogg Brown & Root Services, Inc.
	  	100%	 	Corporation	  	Delaware

  

	B.	Kellogg Brown & Root LLC 

  

							
	 Subsidiary
	  	Percentage Ownership by
Kellogg Brown & Root LLC	 	Entity Type	  	Jurisdiction
	 Turnaround Group of Texas, Inc.
	  	100%	 	Corporation	  	Texas
	 KBR Charitable Foundation, Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg International Services Limited
	  	100%	 	Corporation	  	Cayman Islands
	 Kellogg Brown & Root Services Limited
	  	100%	 	Corporation	  	Canada
	 Kellogg Brown & Root (California), Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg Brown & Root Algeria Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg Pan American Corporation
	  	100%	 	Corporation	  	Delaware
	 Kellogg Brown & Root de Venezuela, C.A.
	  	100%	 	Corporation	  	Venezuela, Monagas
	 Kellogg Services, Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg Overseas Corporation
	  	100%	 	Corporation	  	Delaware
	 Kellogg Mexico, Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg Korea, Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg International Services Corporation
	  	100%	 	Corporation	  	Delaware
	 Kellogg China, Inc.
	  	100%	 	Corporation	  	Delaware

  
 Schedule
4.01(b) – Page 2 

							
	 Kellogg Brown & Root Far East, Inc.
	  	100%	  	Corporation	  	Delaware
	 DKES, Inc.
	  	100%	  	Corporation	  	Delaware
	 Kellogg (Malaysia) Sdn. Bhd.
	  	100%	  	Private Company	  	Malaysia
	 SubSahara Services Inc.
	  	100%	  	Corporation	  	Delaware
	 Brown & Root - Murphy, L.L.C.
	  	100%	  	LLC	  	Delaware
	 KBR Canada Ltd
	  	100%	  	Corporation	  	Saskatchewan,
Canada
	 Kellogg Brown & Root International, Inc.
	  	100%	  	Corporation	  	Delaware
	 Kellogg Brown & Root, S. de R.L.
	  	99.96% (*Kellogg Brown & Root International, Inc. owns the other 0.04% interest)	  	LLC	  	Panama
	 KBR Government Services S de R.L.
	  	99% (*Kellogg Brown & Root International, Inc. owns the other 1% interest)	  	Corporation	  	Panama
	 KRW Energy Systems Inc.
	  	80%	  	Corporation	  	Delaware
	 Brown & Root/Espey Padden
	  	70%	  	Unincorporated
joint venture	  	N/A

  

	 	C.	Kellogg Brown & Root Services, Inc. 

  

							
	 Company
	  	Percentage Ownership by
Kellogg Brown & Root
Services, Inc.	 	Entity Type	  	Jurisdiction
	 BE&K LLC
	  	100%	 	LLC	  	Delaware
	 Kellogg Brown & Root Services International, Inc.
	  	100%	 	Corporation	  	Delaware
	 World Wide Services I, Incorporated
	  	100%	 	Corporation	  	Delaware
	 Kellogg Brown & Root Services, Inc. and Espey Consultants, Inc. Joint Venture
	  	70%	 	Unincorporated
joint venture	  	N/A
	 KSL Services Joint Venture (Los Alamos)
	  	55%	 	Unincorporated
joint venture	  	N/A

  

	 	D.	KBR USA LLC 

  

							
	 Company
	  	Percentage Ownership by
KBR USA LLC	 	Entity Type	  	Jurisdiction
	 Kellogg Brown & Root International Holding, Inc.
	  	100%	 	Corporation	  	Delaware
	 BE&K, Inc.
	  	100%	 	Corporation	  	Delaware

  
 Schedule
4.01(b) – Page 3 

	 	E.	KBR Group Holdings, LLC 

  

							
	 Subsidiary
	  	Percentage Ownership by
KBR Group Holdings LLC	 	Entity Type	  	Jurisdiction
	 Roberts & Schaefer Holdings, Inc.
	  	100%	 	Corporation	  	Delaware
	 PBC HOLDINGS, LLC
	  	100%	 	LLC	  	Delaware
	 MMM-SS Holdings, LLC
	  	100%	 	LLC	  	Delaware
	 KBRDC Egypt Cayman Ltd.
	  	64.345%	 	Corporation	  	Cayman Islands
	 KBR Plant Services, Inc.
	  	100%	 	Corporation	  	Delaware
	 KBR Services, S.A.R.L.
	  	100%	 	LLC	  	Dibouti
	 KBR Indonesia Holdings, Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg Brown & Root Asia Pacific Pte Ltd
	  	100%	 	Corporation	  	Singapore
	 HBR NL Holdings, LLC
	  	100%	 	LLC	  	Delaware
	 GVA Consultants Aktiebolag
	  	100%	 	Corporation	  	Sweden
	 KBR Holdings Pty Ltd
	  	100%	 	Corporation	  	Australia
	 KBR Oil and Gas Services Limited
	  	100%	 	Corporation	  	Nigeria
	 KELLOGG BROWN AND ROOT ENGINEERING AND CONSTRUCTION SA (PROPRIETARY) LIMITED
	  	100%	 	Corporation	  	South Africa
	 Kellogg Energy Services Nigeria Limited
	  	100%	 	Corporation	  	Nigeria
	 Kellogg Brown & Root Consultancy (Malaysia) Sdn Bhd
	  	100%	 	Corporation	  	Malaysia
	 Overseas Administration Services, Ltd.
	  	100%	 	Corporation	  	Cayman Islands
	 Kellogg Brown & Root Engineering & Construction India Private Limited
	  	99.99%	 	Corporation	  	Indai
	 Brown & Root Nigeria Limited
	  	60%	 	Corporation	  	Nigeria
	 Service Employees International, Inc.
	  	100%	 	Corporation	  	Cayman Islands
	 Corporacion Mexicana de Mantenimiento Integral S. de R.L. de C.V.
	  	100%	 	Corporation	  	Mexico
	 KBR Technical Services, Inc.
	  	100%	 	Corporation	  	Delaware
	 Brown & Root (Overseas) Limited
	  	91%	 	Corporation	  	Channel
Islands, Jersey

  
 Schedule
4.01(b) – Page 4 

							
	 Kellogg Brown & Root International, Inc.
	  	100%	 	Corporation	  	Panama
	 HBR (Thailand) Limited
	  	100%	 	Corporation	  	Thailand
	 KBR Overseas, Inc.
	  	100%	 	Corporation	  	Delaware
	 Kellogg Brown & Root Eurasia Limited
	  	100%	 	Corporation	  	Russia

  

	F.	Project Finance Subsidiaries 

  

					
	 Project Finance Subsidiary
	  	Entity Type	  	Jurisdiction
	 Road Management Group Limited
	  	Corporation	  	United Kingdom
	 Road Management Consolidated Plc
	  	Corporation	  	United Kingdom
	 Road Management Limited
	  	Corporation	  	United Kingdom
	 Road Management Services (Gloucester) Limited
	  	Corporation	  	United Kingdom
	 Road Management Services (Peterborough) Limited
	  	Corporation	  	United Kingdom
	 Road Management Services (A13) Holdings Limited
	  	Corporation	  	United Kingdom
	 Road Management Services (A13) Plc
	  	Corporation	  	United Kingdom
	 Road Management Services (Darrington) Holdings Limited
	  	Corporation	  	United Kingdom
	 Road Management Services (Finance) Plc
	  	Corporation	  	United Kingdom
	 Road Management Services (Darrington) Limited
	  	Corporation	  	United Kingdom
	 Aspire Defence Holdings Limited
	  	Corporation	  	United Kingdom
	 Aspire Defence Limited
	  	Corporation	  	United Kingdom
	 Aspire Defence Finance Plc
	  	Corporation	  	United Kingdom
	 Fastrax Limited
	  	Corporation	  	United Kingdom
	 Fastrax Holdings Limited
	  	Corporation	  	United Kingdom
	 Directroute (Fermoy) Holdings Limited
	  	Corporation	  	Ireland
	 Directroute (Fermoy) Limited
	  	Corporation	  	Ireland

  
 Schedule
4.01(b) – Page 5 

					
	 Asia Pacific Transport Finance Pty Ltd
	  	Company	  	Australia
	 Asia Pacific Transport Pty Ltd
	  	Company	  	Australia
	 Asia Pacific Contracting Pty Ltd
	  	Company	  	Australia
	 S.A.N.T. (MGT-HOLDING) Pty Ltd
	  	Company	  	Australia
	 S.A.N.T. (MGT-OPCO) Pty Ltd
	  	Company	  	Australia
	 S.A.N.T. (MGT-UJV) Pty Ltd
	  	Company	  	Australia
	 S.A.N.T. (TERM-HOLDING) Pty Ltd
	  	Company	  	Australia
	 S.A.N.T. (TERM-OPCO) Pty Ltd
	  	Company	  	Australia
	 S.A.N.T. (TERM-UJV) Pty Ltd
	  	Company	  	Australia
	 Egyptian Basic Industries Corporation, S.A.E.
	  	Company	  	Egypt
	 Freight Link Pty Ltd
	  	Company	  	Australia
	 Middle East Petroleum Co PC
	  	Corporation	  	Cayman Islands
	 KBRDC Egypt Cayman Ltd.
	  	Corporation	  	Cayman Islands

  
 Schedule
4.01(b) – Page 6 

 SCHEDULE 5.02(a)(i) 

EXISTING LIENS 

None 

  
 Schedule
5.02(a)(i) – Page 1 

 SCHEDULE 5.02(b)(ii) 

EXISTING DEBT 
  

	1.	Capital lease for mail equipment. Remaining balance as of September 30, 2011 is approximately $138,000. The obligor is Kellogg Brown & Root LLC.

  

	2.	Oracle License Fee relating to Oracle Agreement relating to the purchase of Oracle’s ERP software license and purchase of related support services. The remaining
payment obligations as of September 30, 2011 are approximately $3,970,000. The obligor is BE&K, Inc. 

  
 Schedule
5.02(b)(ii) – Page 1 

 EXHIBIT A 
 FORM OF NOTE 
 Dated:
                 ,          
 FOR VALUE RECEIVED, the undersigned, KBR, INC., a Delaware corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of
[                                        ] or its
registered assigns (the “Bank”) for the account of its Applicable Lending Office (as defined in the Credit Agreement referred to below) the aggregate principal amount of the Revolving Credit Advances and the Letter of Credit
Advances (each as defined in the Credit Agreement referred to below) owing to the Bank by the Borrower pursuant to the Five Year Revolving Credit Agreement dated as of December 2, 2011 (as amended, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”; terms defined therein, unless otherwise defined herein, being used herein as therein defined) among the Borrower, the Bank and certain other lender parties party
thereto, Citibank, N.A., as Administrative Agent, and the Issuing Banks party thereto. 
 The Borrower promises to pay to the
Bank or its registered assigns interest on the unpaid principal amount of each Revolving Credit Advance and Letter of Credit Advance from the date of such Revolving Credit Advance or Letter of Credit Advance, as the case may be, until such principal
amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 
 Both
principal and interest are payable in lawful money of the United States of America to Citibank, N.A. as Administrative Agent, at Two Penns Way, Suite 200, New Castle, Delaware 19720 in same day funds. Each Revolving Credit Advance and Letter of
Credit Advance owing to the Bank by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Bank and, prior to any transfer hereof, endorsed on the grid attached hereto, which is part of
this Promissory Note; provided, however, that the failure of the Bank to make any such recordation or endorsement shall not affect the Obligations of the Borrower under this Promissory Note. 

This Promissory Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement,
among other things, (i) provides for the making of advances (variously, the Revolving Credit Advances or the Letter of Credit Advances) by the Bank to or for the benefit of the Borrower from time to time in an aggregate amount not to exceed at
any time outstanding the U.S. dollar amount first above mentioned, the indebtedness of the Borrower resulting from each such Revolving Credit Advance and Letter of Credit Advance being evidenced by this Promissory Note, and (ii) contains
provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 

This Promissory Note shall be governed by, and construed in accordance with, the laws of the State of New York. 

 

			
	KBR, INC.
		
	By	 	  

		 	Title:

  
 Exhibit A
– Page 1 

 ADVANCES AND PAYMENTS OF PRINCIPAL 

 

									
	 Date
	 	Amount of
Advance	 	Amount of
Principal Paid 
or
Prepaid	 	Unpaid Principal
Balance	 	Notation Made
By
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  
 Exhibit A
– Page 2 

 EXHIBIT B-1 
 FORM OF 
 NOTICE OF REVOLVING CREDIT BORROWING 

Citibank, N.A., 
 as Administrative Agent

 under the Credit Agreement 
 referred
to below 
 Two Penns Way, Suite 200 

New Castle, Delaware 19720 

[Date] 
 Attention: KBR, Inc. Account Officer 
 Ladies and Gentlemen: 

The undersigned, KBR, Inc., refers to the Five Year Revolving Credit Agreement dated as of December 2, 2011 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined), among the undersigned, the Banks party thereto, Citibank, N.A., as
Administrative Agent for the Banks, and hereby gives you notice, irrevocably, pursuant to Section 2.02(a) of the Credit Agreement that the undersigned hereby requests a Borrowing under the Credit Agreement, and in that connection sets
forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.02(a) of the Credit Agreement: 

(i) The Business Day of the Proposed Borrowing is
[                 ,         ]. 

(ii) The Type of Advances comprising the Proposed Borrowing is [Base Rate Advances] [Eurodollar Rate
Advances]. 
 (iii) The aggregate amount of the Proposed Borrowing is
$[            ]. 
 (iv) [The
initial Interest Period for each Eurodollar Rate Advance made as part of the Proposed Borrowing is [            ]. 

(v) Insert the following if any Foreign Currency Letters of Credit are outstanding: Attached hereto is a certificate
setting forth the Available Amount of each outstanding Foreign Currency Letter of Credit, the exchange rate used in calculating such Available Amount, and the amount of the Unused Revolving Credit Commitment, each as of the date of this notice.

 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of
the Proposed Borrowing: 
 (A) The representations and warranties contained in each Loan Document are correct on and as of the
date of such Revolving Credit Advance or such Letter of Credit (except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except
that for purposes of this Section, the representations and warranties contained in Section 4.01(f) and Section 4.01(g) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to
clauses (i) and (ii), as applicable, of Section 5.01(d) of the Credit Agreement) before and after giving effect to such Proposed Borrowing or issuance or renewal and to the application of the proceeds therefrom,
as though made on and as of such date; 

  
 Exhibit B-1
– Page 1 

 (B) No event has occurred and is continuing, or would result from such Proposed Borrowing or
such issuance or renewal or from the application of the proceeds therefrom, which constitutes a Default or an Event of Default; and 
 (C) There exists no request or directive issued by any Governmental Authority, central bank or comparable agency, injunction, stay, order, litigation or proceeding purporting to affect or calling into
question the legality, validity or enforceability of any Loan Document or the consummation of any transaction (including any Advance or proposed Advance or issuance or renewal of a Letter of Credit or proposed Letter of Credit) contemplated hereby.

 Delivery of an executed counterpart of this Notice of Borrowing by facsimile shall be effective as delivery of an original
executed counterpart of this Notice of Borrowing. 
  

			
	Very truly yours,
	
	KBR, INC.
		
	By	 	  

		 	Title:

  
 Exhibit B-1
– Page 2 

 EXHIBIT B-2 
 FORM OF 
 NOTICE OF ISSUANCE AND 

APPLICATION FOR LETTER OF CREDIT 
 NOTICE OF [MODIFICATION][ISSUANCE AND APPLICATION]* FOR LETTER OF CREDIT 
 Date:
                     
  

			
	 [ISSUING BANK]
  

Attn:
[                            ]
	  	Letter of Credit Reference No.                     
		
	 Advising Bank
 (Name and
Address)
	  	
Applicant:                       
                              
 (address)                                
                       

___________________________________

___________________________________
  

For Account of / Named Applicant on the Letter of Credit
 (Name and address (PO Box is not acceptable), if different from Applicant):
  
 Confirm that this party is legally related to Applicant through ownership.
  ̈    Yes
  
 Confirm that this party is a Subsidiary of Applicant
  ̈ Subsidiary 
  
 Provide the following:
 Tax id number/country equivalent:

 

	Beneficiary (Name and Address)	  	 Amount (In specific currency):
  

____________

	  	 Expiry Date and Place:

 

		
	Brief description of underlying transaction:	  	

 This Application is for the issuance of a standby letter of credit under and subject to the terms and conditions of the
Five Year Revolving Credit Agreement dated as of December 2, 2011 among KBR, Inc., a Delaware corporation, the Banks party thereto, and Citibank, N.A., as Administrative Agent, as amended from time to time in accordance with the terms thereof
(hereinafter called the “Revolving Credit Agreement”). Capitalized terms used herein but not defined are used as defined in the Revolving Credit Agreement. 
 The Business Day of the Proposed Issuance is                     . 

 

	*	Delete as applicable. 

  
 Exhibit B-2
– Page 1 

 Insert the following if the requested Letter of Credit is a Foreign Currency Letter of Credit: As of the
date hereof, the Available Amount of the requested Letter of Credit is $            . The exchange rate used in calculating such Available Amount is
            . 
 Insert the following if any Foreign Currency Letters of Credit are
outstanding: Attached hereto is a certificate setting forth the Available Amount of each outstanding Foreign Currency Letter of Credit, the exchange rate used in calculating such Available Amount, and the amount of the Unused Revolving Credit
Commitment, each as of the date of this notice. 
 ATTACHED HERETO IS THE FORM OF LETTER OF CREDIT THE APPLICANT IS REQUESTING BE ISSUED.

 All banking charges, other than [ISSUING BANK] charges, are for account of:  ̈ Beneficiary
 ̈ Applicant 
 Transmit the Credit by: 

 

											
	
Cable/SWIFT             ̈  
Airmail
	  	 ̈  Courier Service	  	 ̈  Other (Specify):	  	  
	  	

 Special Instructions to Issuing Bank: 

 
  

					
	  
	  		  	  

	Authorized Signatory	  		  	Authorized Signatory

  
 Exhibit B-2
– Page 2 

 KBR, INC. certifies that the following statements are true on the date hereof, and will be true on the date
of the proposed issuance: 
 (A) The representations and warranties contained in each Loan Document are correct on and as of the date of such
proposed issuance of such Letter of Credit (except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that the
representations and warranties contained in Section 4.01(f) and Section 4.01(g) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (i) and (ii), as
applicable, of Section 5.01(d) of the Credit Agreement) before and after giving effect to such issuance or renewal or proposed Letter of Credit and to the application of the proceeds therefrom, as though made on and as of such date;

 (B) No event has occurred and is continuing, or would result from such proposed issuance or renewal or proposed Letter of Credit or from the
application of the proceeds therefrom, which constitutes a Default or an Event of Default; and 
 (C) There exists no request or directive
issued by any Governmental Authority, central bank or comparable agency, injunction, stay, order, litigation or proceeding purporting to affect or calling into question the legality, validity or enforceability of any Loan Document or the
consummation of any transaction (including any proposed issuance or renewal of a Letter of Credit or proposed Letter of Credit) contemplated hereby. 
 Delivery of an executed counterpart of this Notice of Issuance and Application for Letter of Credit by facsimile shall be effective as delivery of an original executed counterpart of this Notice of
Issuance. 
  

							
	  
	 		 	  
	 	
	Applicant’s Signature	 		 	Date	 	

  
 Exhibit B-2
– Page 3 

 EXHIBIT C 
 FORM OF GUARANTEE 
 SUBSIDIARY GUARANTEE 

Dated as of December 2, 2011 
 From 
 THE GUARANTORS NAMED HEREIN 

and 
 THE
ADDITIONAL GUARANTORS REFERRED TO HEREIN 
 as Guarantors 

in favor of 
 THE
LENDER PARTIES REFERRED TO HEREIN 

  
 Exhibit C
– Page 1 

 T A B L E O F C O N
T E N T S 
  

							
	 	  	 	  	Page	 
	 Section
	  		  			
			
	 Section 1.
	  	 Guarantee; Limitation of Liability
	  	 	3	  
			
	 Section 2.
	  	 Guarantee Absolute
	  	 	4	  
			
	 Section 3.
	  	 Waivers and Acknowledgments
	  	 	5	  
			
	 Section 4.
	  	 Subrogation
	  	 	6	  
			
	 Section 5.
	  	 Payments Free and Clear of Taxes, Etc.
	  	 	6	  
			
	 Section 6.
	  	 Representations and Warranties
	  	 	6	  
			
	 Section 7.
	  	 Covenants
	  	 	6	  
			
	 Section 8.
	  	 Amendments, Guarantee Supplements, Etc.
	  	 	7	  
			
	 Section 9.
	  	 Notices, Etc.
	  	 	7	  
			
	 Section 10.
	  	 No Waiver; Remedies
	  	 	7	  
			
	 Section 11.
	  	 Right of Set-off
	  	 	7	  
			
	 Section 12.
	  	 Indemnification
	  	 	8	  
			
	 Section 13.
	  	 Subordination
	  	 	8	  
			
	 Section 14.
	  	 Continuing Guarantee; Assignments under the Revolving Credit Agreement
	  	 	9	  
			
	 Section 15.
	  	 Joint and Several Obligations
	  	 	9	  
			
	 Section 16.
	  	 Execution in Counterparts
	  	 	9	  
			
	 Section 17.
	  	 Governing Law; Jurisdiction; Waiver of Jury Trial, Etc.
	  	 	10	  

 Exhibit A - Guarantee Supplement 

  
 Exhibit C
– Page 2 

 SUBSIDIARY GUARANTEE 

SUBSIDIARY GUARANTEE dated as of December 2, 2011 (this “Guarantee”) made by the Persons listed on the
signature pages hereof under the caption “Subsidiary Guarantors” and the Additional Guarantors (as defined in Section 8(b) (such Persons so listed and the Additional Guarantors being, collectively, the
“Guarantors” and, individually, each a “Guarantor”) in favor of the Lender Parties (as defined below). 
 PRELIMINARY STATEMENT. KBR, Inc., a Delaware corporation (the “Company”), has entered into a Five Year Revolving Credit Agreement dated as of December 2, 2011 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the “Revolving Credit Agreement”) with the Banks party thereto (the “Revolving Credit Banks” and each, individually, a
“Revolving Credit Bank”) and Citibank, N.A., as Administrative Agent (the “Administrative Agent” and, together with the Revolving Credit Banks, the “Lender Parties”). Each
Guarantor may receive, directly or indirectly, a portion of the proceeds of the Advances under the Revolving Credit Agreement and will derive substantial direct and indirect benefits from the transactions contemplated by the Revolving Credit
Agreement. It is a condition precedent to the making of Advances and the issuance of Letters of Credit by the Revolving Credit Banks under the Revolving Credit Agreement that each Guarantor shall have executed and delivered this Guarantee.
Capitalized terms used herein but not defined herein shall be used herein as defined in the Revolving Credit Agreement. 
 NOW,
THEREFORE, in consideration of the premises and in order to induce the Revolving Credit Banks to make Advances and issue Letters of Credit under the Revolving Credit Agreement, each Guarantor, jointly and severally with each other Guarantor, hereby
agrees with the Administrative Agent for the ratable benefit of the Lender Parties as follows: 
 Section 1. Guarantee; Limitation of
Liability. 
 (a) Each Guarantor hereby absolutely, unconditionally and irrevocably guarantees the punctual
payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, and the punctual performance of, all Obligations of each other Loan Party now or hereafter existing under or in respect
of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal,
interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed Obligations”), and agrees to pay any and all out-of-pocket expenses (including, without
limitation, fees and expenses of counsel) incurred by any Lender Party in enforcing any rights under this Guarantee or any other Loan Document. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all
amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any Lender Party under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of
a bankruptcy, reorganization or similar proceeding involving such other Loan Party. 
 (b) Each Guarantor, and by
its acceptance of this Guarantee, the Administrative Agent and each other Lender Party, hereby confirms that it is the intention of all such Persons that this Guarantee and the Obligations of each Guarantor hereunder not constitute a fraudulent
transfer or conveyance for purposes of Debtor Relief Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guarantee and the Obligations of each
Guarantor hereunder. To effectuate the 

  
 Exhibit C
– Page 3 

 
foregoing intention, the Administrative Agent, the other Lender Parties and the Guarantors hereby irrevocably agree that the Obligations of each Guarantor under this Guarantee at any time shall
be limited to the maximum amount as will result in the Obligations of such Guarantor under this Guarantee not constituting a fraudulent transfer or conveyance. 
 (c) Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Lender Party under this Guarantee, such Guarantor will contribute, to the
maximum extent permitted by law, such amounts to each other Guarantor so as to maximize the aggregate amount paid to the Lender Parties (up to the amount of the payment so required to be made) under or in respect of the Loan Documents. 

Section 2. Guarantee Absolute. This is a guarantee of payment and not of collection. Each Guarantor guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Lender Party with
respect thereto. The Obligations of each Guarantor under or in respect of this Guarantee are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations or any other Obligations of any other Loan Party under
or in respect of the Loan Documents, and a separate action or actions may be brought and prosecuted against each Guarantor to enforce this Guarantee, irrespective of whether any action is brought against the Company or any other Loan Party or
whether the Company or any other Loan Party is joined in any such action or actions. The liability of each Guarantor under this Guarantee shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby irrevocably waives
any defenses it may now have or hereafter acquire in any way relating to, any or all of the following: 
 (a) any
lack of validity or enforceability of any Loan Document or any agreement or instrument relating thereto; 
 (b)
any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations or any other Obligations of any other Loan Party under or in respect of the Loan Documents, or any other amendment or waiver of
or any consent to departure from any Loan Document, including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Loan Party or any of its Subsidiaries or otherwise; 

(c) any taking, exchange, release or non-perfection of any Collateral or any other collateral, or any taking, release or
amendment or waiver of, or consent to departure from, any other guarantee, for all or any of the Guaranteed Obligations; 
 (d) any manner of application of any collateral, or proceeds thereof, to all or any of the Guaranteed Obligations, or any manner of sale or other disposition of any collateral for all or any of the
Guaranteed Obligations or any other Obligations of any Loan Party under the Loan Documents or any other assets of any Loan Party or any of its subsidiaries; 
 (e) any change, restructuring or termination of the corporate structure or existence of any Loan Party or any of its subsidiaries; 

(f) any failure of any Lender Party to disclose to any Loan Party any information relating to the business, condition
(financial or otherwise), operations, performance, properties, contingent liabilities, material agreements or prospects of any other Loan Party now or hereafter known to such Lender Party (each Guarantor waiving any duty on the part of the Lender
Parties to disclose such information); 

  
 Exhibit C
– Page 4 

 (g) the failure of any other Person to execute or deliver this Guarantee,
any Guarantee Supplement (as hereinafter defined) or any other guarantee or agreement or the release or reduction of liability of any Guarantor or other guarantor or surety with respect to the Guaranteed Obligations; or 

(h) any other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on
any representation by any Lender Party that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other guarantor or surety. 
 This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by any Lender
Party or any other Person upon the insolvency, bankruptcy or reorganization of the Company or any other Loan Party or otherwise, all as though such payment had not been made. 
 Section 3. Waivers and Acknowledgments. 
 (a) Each
Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any
of the Guaranteed Obligations and this Guarantee and any requirement that any Lender Party protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Loan Party or any other Person
or any Collateral. 
 (b) Each Guarantor hereby unconditionally and irrevocably waives any right to revoke this
Guarantee and acknowledges that until the Guarantee Termination Date (as defined in Section 14 hereof) this Guarantee is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future.

 (c) Each Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason of any
claim or defense based upon an election of remedies by any Lender Party that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of such
Guarantor or other rights of such Guarantor to proceed against any of the other Loan Parties, any other guarantor or any other Person or any collateral and (ii) any defense based on any right of set-off or counterclaim against or in respect of
the Obligations of such Guarantor hereunder. 
 (d) Each Guarantor acknowledges that the Administrative Agent
may, except as otherwise required by non-waivable provisions of the Uniform Commercial Code as in effect from time to time in the State of New York or other, non-waivable provisions of applicable law, without notice to or demand upon such Guarantor
and without affecting the liability of such Guarantor under this Guarantee, foreclose under any mortgage by non-judicial sale, and each Guarantor hereby waives any defense to the recovery by the Administrative Agent and the other Lender Parties
against such Guarantor of any deficiency after such non-judicial sale and any defense or benefits that may be afforded by applicable law. 
 (e) Each Guarantor hereby unconditionally and irrevocably waives any duty on the part of any Lender Party to disclose to such Guarantor any matter, fact or thing relating to the business, condition
(financial or otherwise), operations, performance, properties, contingent liabilities, material agreements or prospects of any other Loan Party or any of its subsidiaries now or hereafter known by such Lender Party. 

  
 Exhibit C
– Page 5 

 (f) Each Guarantor acknowledges that it will receive substantial direct and
indirect benefits from the financing arrangements contemplated by the Loan Documents and that the waivers set forth in Section 2 and this Section 3 are knowingly made in contemplation of such benefits.

 Section 4. Subrogation. Each Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights that it may now
have or hereafter acquire against the Company, any other Loan Party or any other insider guarantor that arise from the existence, payment, performance or enforcement of such Guarantor’s Obligations under or in respect of this Guarantee or any
other Loan Document, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of any Lender Party against the Company, any other Loan
Party or any other insider guarantor or any Collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from the Company, any other
Loan Party or any other insider guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until the Guarantee Termination Date (as
defined in Section 14 hereto) has occurred. If any amount shall be paid to any Guarantor in violation of the immediately preceding sentence at any time prior to the Guarantee Termination Date, such amount shall be received and
held in trust for the benefit of the Lender Parties, shall be segregated from other property and funds of such Guarantor and shall forthwith be paid or delivered to the Administrative Agent in the same form as so received (with any necessary
endorsement or assignment) to be credited and applied to the Guaranteed Obligations and all other amounts payable under this Guarantee, whether matured or unmatured, in accordance with the terms of the Loan Documents, or to be held as Collateral for
any Guaranteed Obligations or other amounts payable under this Guarantee thereafter arising. 
 Section 5. Payments Free and Clear of
Taxes, Etc. Any and all payments made by any Guarantor under or in respect of this Guarantee or any other Loan Document shall be made, in accordance with Section 2.11 of the Revolving Credit Agreement, free and clear of and without
deduction for any and all present or future taxes, levies, imposts, deductions, charges and withholdings, and all liabilities with respect thereto subject to the terms and conditions of Section 2.14 of the Revolving Credit Agreement.

 Section 6. Representations and Warranties. Each Guarantor hereby makes each representation and warranty made in
Section 4.01 of the Revolving Credit Agreement to the extent applicable to such Guarantor and each Guarantor hereby further represents and warrants as follows: 

(a) There are no conditions precedent to the effectiveness of this Guarantee that have not been satisfied or waived.

 (b) Such Guarantor has, independently and without reliance upon any Lender Party and based on such documents
and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Guarantee and each other Loan Document to which it is or is to be a party, and such Guarantor has established adequate means of obtaining from
each other Loan Party on a continuing basis information pertaining to, and is now and on a continuing basis will be completely familiar with, the business, condition (financial or otherwise), operations, performance, properties, contingent
liabilities, material agreements and prospects of such other Loan Party. 
 Section 7. Covenants. Each Guarantor covenants and
agrees that, until the Guarantee Termination Date, such Guarantor will perform and observe, and cause each of its Subsidiaries to perform and observe, all of the terms, covenants and agreements set forth in the Loan Documents on its or their part to
be performed or observed or that the Company has agreed to cause such Guarantor or such Subsidiaries to perform or observe. 

  
 Exhibit C
– Page 6 

 Section 8. Amendments, Guarantee Supplements, Etc. 

(a) No amendment or waiver of any provision of this Guarantee and no consent to any departure by any Guarantor therefrom
shall in any event be effective unless the same shall comply with the requirements of Section 8.01 of the Revolving Credit Agreement. 
 (b) Upon the execution and delivery by any Person of a guarantee supplement in substantially the form of Exhibit A hereto (each, a “Guarantee Supplement”), (i) such Person
shall be referred to as an “Additional Guarantor” and shall become and be a Guarantor hereunder, and each reference in this Guarantee to a “Guarantor” shall also mean and be a reference to such
Additional Guarantor, and each reference in any other Loan Document to a “Subsidiary Guarantor” shall also mean and be a reference to such Additional Guarantor, and (ii) each reference herein to “this
Guarantee”, “hereunder”, “hereof” or words of like import referring to this Guarantee, and each reference in any other Loan Document to the “Subsidiary Guarantee”,
“thereunder”, “thereof” or words of like import referring to this Guarantee, shall mean and be a reference to this Guarantee as supplemented by such Guarantee Supplement. 

Section 9. Notices, Etc. All notices and other communications provided for hereunder shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopier as follows: if to any Guarantor, addressed to it in care of the Company at the Company’s address specified in Section 8.02 of the Revolving
Credit Agreement, if to the Administrative Agent, at its address specified in Section 8.02 of the Revolving Credit Agreement, or, as to any party, at such other address as shall be designated by such party in a written notice to each
other party. Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed
to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Delivery by facsimile of an executed
counterpart of a signature page to any amendment or waiver of any provision of this Guarantee or of any Guarantee Supplement to be executed and delivered hereunder shall be effective as delivery of an original executed counterpart thereof.

 Section 10. No Waiver; Remedies. No failure on the part of any Lender Party to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law. 
 Section 11. Right of Set-off. If an Event of Default shall have occurred and be
continuing, the Administrative Agent, each Revolving Credit Bank, each Issuing Bank, and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and
apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by the Administrative Agent, such Revolving Credit Bank, such
Issuing Bank or any such Affiliate to or for the credit or the account of any Guarantor against any and all of the Obligations of such Guarantor now or hereafter existing under the Loan Documents, irrespective of whether the Administrative Agent,
such Revolving Credit Bank or such Issuing Bank shall have made any demand under this Guarantee or any other Loan Document and although such obligations of such Guarantor may be contingent or unmatured or are owed to a branch or office of the
Administrative Agent, such 

  
 Exhibit C
– Page 7 

 
Revolving Credit Bank or such Issuing Bank different from the branch or office holding such deposit or obligated on such indebtedness. The Administrative Agent and each Revolving Credit Bank and
each Issuing Bank agrees to notify such Guarantor and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of
the Administrative Agent, each Revolving Credit Bank, each Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent, such Revolving
Credit Bank, such Issuing Bank or their respective Affiliates may have. 
 Section 12. Indemnification. 

(a) Without limitation on any other Obligations of any Guarantor or remedies of the Lender Parties under this Guarantee,
each Guarantor shall, to the fullest extent permitted by law, indemnify, defend and save and hold harmless each Lender Party and each of their Affiliates and their respective officers, directors, employees, agents and advisors (each, an
“Indemnified Party”) from and against, and shall pay on demand, any and all claims, damages, losses, liabilities and reasonable out-of-pocket expenses (including, without limitation, reasonable fees and expenses of counsel)
that may be incurred by or asserted or awarded against any Indemnified Party in connection with or as a result of any failure of any Guaranteed Obligations to be the legal, valid and binding obligations of any Loan Party enforceable against such
Loan Party in accordance with their terms. 
 (b) Each Guarantor hereby also agrees that none of the Indemnified
Parties shall have any liability (whether direct or indirect, in contract, tort or otherwise) to any of the Guarantors or any of their respective Affiliates or any of their respective officers, directors, employees, agents and advisors, and each
Guarantor hereby agrees not to assert any claim against any Indemnified Party on any theory of liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to the Loan Documents, the actual or proposed use
of the proceeds of the Advances or the Letters of Credit, the Loan Documents or any of the transactions contemplated by the Loan Documents. 
 (c) Without prejudice to the survival of any of the other agreements of any Guarantor under this Guarantee or any of the other Loan Documents, the agreements and obligations of each Guarantor contained in
Section 1(a) (with respect to enforcement expenses), the last sentence of Section 2, Section 5 and this Section 12 shall survive the payment in full of the Guaranteed
Obligations and all of the other amounts payable under this Guarantee. 
 Section 13. Subordination. Each Guarantor hereby
subordinates any and all debts, liabilities and other Obligations owed to such Guarantor by each other Loan Party (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set
forth in this Section 13: 
 (a) Prohibited Payments, Etc. Except during the
continuance of an Event of Default (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to any other Loan Party), each Guarantor may receive payments from any other Loan Party on account of the
Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to any Loan Party), however, unless the
Administrative Agent otherwise agrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations. 

  
 Exhibit C
– Page 8 

 (b) Prior Payment of Guaranteed Obligations. In any proceeding under
any Debtor Relief Law relating to any other Loan Party, each Guarantor agrees that the Lender Parties shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the
commencement of a proceeding under any Debtor Relief Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

 (c) Turn-Over. After the occurrence and during the continuance of any Event of Default (including the
commencement and continuation of any proceeding under any Debtor Relief Law relating to any other Loan Party), each Guarantor shall, if the Administrative Agent so requests, use commercially reasonable efforts to collect, enforce and receive
payments on account of the Subordinated Obligations as trustee for the Lender Parties and deliver such payments to the Administrative Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any necessary
endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guarantee. 

(d) Administrative Agent’s Authorization. After the occurrence and during the continuance of any Event of
Default (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to any other Loan Party), the Administrative Agent is authorized and empowered (but without any obligation to so do), in its discretion,
(i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and
(ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Administrative Agent for application to the
Guaranteed Obligations (including any and all Post Petition Interest). 
 Section 14. Continuing Guarantee; Assignments under the
Revolving Credit Agreement. This Guarantee is a continuing guarantee and shall (a) remain in full force and effect until the later of the following (the “Guarantee Termination Date”): (i) the payment in full in
cash of the Guaranteed Obligations and all other amounts payable under this Guarantee, (ii) the Termination Date and (iii) the latest date of expiration or termination of all Letters of Credit or when such Letters of Credit have been fully
cash collateralized; (b) be binding upon the Guarantor, its successors and assigns; and (c) inure to the benefit of and be enforceable by the Lender Parties and their successors, permitted transferees and permitted assigns. Without
limiting the generality of clause (c) of the immediately preceding sentence, any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations under the Revolving Credit Agreement (including,
without limitation, all or any portion of its Commitments, the Advances owing to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such
Lender Party herein or otherwise, in each case as and to the extent provided in Section 8.08 of the Revolving Credit Agreement. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior
written consent of the Lender Parties. 
 Section 15. Joint and Several Obligations. Each Guarantor acknowledges that (i) this
Guarantee is a master Guarantee pursuant to which other Subsidiaries of the Borrower now or hereafter may become parties, and (ii) the guaranty obligations of each of the Guarantors hereunder are joint and several. 

Section 16. Execution in Counterparts. This Guarantee and each amendment, waiver and consent with respect hereto may be executed in any
number of counterparts and by different parties thereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which 

  
 Exhibit C
– Page 9 

 
taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Guarantee by facsimile or electronic mail in “Portable Document
Format” (PDF) shall be effective as delivery of an original executed counterpart of this Guarantee. 
 Section 17. Governing Law;
Jurisdiction; Waiver of Jury Trial, Etc.  
 (a) This Guarantee shall be governed by, and construed in
accordance with, the laws of the State of New York. 
 (b) Each Guarantor irrevocably and unconditionally agrees
that it will not commence, or permit any of its Subsidiaries to commence, any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any
Bank, any Issuing Bank, or any other Related Party of the foregoing in any way relating to this Guarantee or any other Loan Document to which it is or is to be a party or the transactions relating hereto or thereto, in any forum other than the
courts of the State of New York sitting in the Borough of Manhattan, and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and
unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable
law, in such federal court. Each Guarantor agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by
law.
 (c) Each Guarantor irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, (i) any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Guarantee or any of the other Loan Documents to which it is or is to be a party
in any New York State or federal court, (ii) the defense of an inconvenient forum to the maintenance of such suit, action or proceeding in any such court, and (iii) any right it may have to claim or recover in any action or proceeding
referred to in this Section 17 any exemplary or punitive damages or any special or consequential damages. 
 (d) Each Guarantor irrevocably consents to service of process in the manner provided for notices in Section 8.02 of the Revolving Credit Agreement. Nothing in this Guarantee will affect the
right of any party hereto to serve process in any other manner permitted by applicable law. 
 (e) EACH GUARANTOR
HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE ADVANCES OR THE ACTIONS OF ANY LENDER PARTY IN
THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. EACH GUARANTOR (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES THAT IT, THE OTHER PARTIES HERETO, THE ADMINISTRATIVE AGENT, THE ISSUING BANKS AND THE BANKS HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTEE AND THE OTHER LOAN DOCUMENTS,
AS APPLICABLE, BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 [Remainder of Page Intentionally
Blank; Signature Pages Follow] 

  
 Exhibit C
– Page 10 

 IN WITNESS WHEREOF, each Guarantor has caused this Guarantee to be duly executed and
delivered by its officer thereunto duly authorized as of the date first above written. 
  

			
	SUBSIDIARY GUARANTORS:
	
	KBR HOLDINGS, LLC
	
	KELLOGG BROWN & ROOT LLC
	
	KELLOGG BROWN & ROOT SERVICES, INC.
	
	KBR USA LLC
	
	KBR GROUP HOLDINGS, LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit C
– Page 11 

 Exhibit A 
 To The 
 Subsidiary Guarantee 

FORM OF SUBSIDIARY GUARANTY SUPPLEMENT 
                  ,          

Citibank, N.A., 
 as
Administrative Agent 
 Two Penns Way, Suite 200 
 New Castle, Delaware 19720 
 Attention: Bank Loan Syndications Department 

Ladies and Gentlemen: 

Reference is made to (i) the Five Year Revolving Credit Agreement dated as of December 2, 2011 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Revolving Credit Agreement”) among KBR, Inc., a Delaware corporation (the “Company”), the Banks party thereto (the
“Revolving Credit Banks”), Citibank, N.A., as Administrative Agent (the “Administrative Agent”) and (ii) the Subsidiary Guarantee referred to therein (such Subsidiary Guarantee, as in effect on
the date hereof and as it may hereafter be amended, supplemented or otherwise modified from time to time, together with this Guarantee Supplement, being the “Subsidiary Guarantee”). The capitalized terms defined in the
Subsidiary Guarantee or the Revolving Credit Agreement and not otherwise defined herein are used herein as therein defined. 

Section 1. Guarantee; Limitation of Liability. (a) The undersigned hereby absolutely, unconditionally and irrevocably
guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, and the punctual performance of, all Obligations of each other Loan Party now or hereafter
existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or contingent,
and whether for principal, interest, premium, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed Obligations”), and agrees to pay any and all out-of-pocket
expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or any other Lender Party in enforcing any rights under this Guarantee Supplement, the Subsidiary Guarantee or any other Loan Document.
Without limiting the generality of the foregoing, the undersigned’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any Lender Party under or in respect of
the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. 

(b) The undersigned, and by its acceptance of this Guarantee Supplement, the Administrative Agent and each other Lender Party, hereby
confirms that it is the intention of all such Persons that this Guarantee Supplement, the Subsidiary Guarantee and the Obligations of the undersigned hereunder and thereunder not constitute a fraudulent transfer or conveyance for purposes of Debtor
Relief Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guarantee Supplement, the Subsidiary Guarantee and the Obligations of the
undersigned hereunder and thereunder. To effectuate the foregoing intention, the Administrative Agent, the other Lender Parties and the undersigned hereby irrevocably 

  
 Exhibit C
– Page 12 

 
agree that the Obligations of the undersigned under this Guarantee Supplement and the Subsidiary Guarantee at any time shall be limited to the maximum amount as will result in the Obligations of
the undersigned under this Guarantee Supplement and the Subsidiary Guarantee not constituting a fraudulent transfer or conveyance. 
 (c) The undersigned hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Lender Party under this Guarantee Supplement, the Subsidiary Guarantee
or any other guarantee, the undersigned will contribute, to the maximum extent permitted by applicable law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Lender Parties (up to the
amount of the payment so required to be made) under or in respect of the Loan Documents. 
 Section 2. Obligations Under
the Guarantee. The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Subsidiary Guarantee to the same extent as each of the other Guarantors thereunder. The
undersigned further agrees, as of the date first above written, that each reference in the Subsidiary Guarantee to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the
undersigned, and each reference in any other Loan Document to a “Subsidiary Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned. 

Section 3. Representations and Warranties. The undersigned hereby makes each representation and warranty set forth in
Section 6 of the Subsidiary Guarantee to the same extent as each other Guarantor. 
 Section 4.
Delivery by Facsimile or Electronic Mail. Delivery of an executed counterpart of a signature page to this Guarantee Supplement by facsimile or electronic mail in “Portable Document Format” (PDF) shall be effective as delivery of an
original executed counterpart of this Guarantee Supplement. 
 Section 5. Governing Law; Jurisdiction; Waiver of Jury
Trial, Etc. (a) This Guarantee Supplement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 (b) The undersigned irrevocably and unconditionally agrees that it will not commence, or permit any of its Subsidiaries to commence, any action, litigation or proceeding of any kind or description,
whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Bank, any Issuing Bank, or any other Related Party of the foregoing in any way relating to this Guarantee Supplement, the Subsidiary
Guarantee or any of the other Loan Documents to which it is or is to be a party or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in the Borough of Manhattan, and of the United States
District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any
such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such federal court. The undersigned agrees that a final judgment in any such action,
litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
 (c) The undersigned irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, (i) any objection that it may now or hereafter have to the laying of venue of
any suit, action or proceeding arising out of or relating to this Guarantee Supplement, the 

  
 Exhibit C
– Page 13 

 
Subsidiary Guarantee or any of the other Loan Documents to which it is or is to be a party in any New York State or federal court, (ii) the defense of an inconvenient forum to the
maintenance of such suit, action or proceeding in any such court, and (iii) any right it may have to claim or recover in any action or proceeding referred to in this Section 5 any exemplary or punitive damages or any special
or consequential damages. 
 (d) The undersigned irrevocably consents to service of process in the manner provided for notices
in Section 8.02 of the Revolving Credit Agreement. Nothing in this Guarantee Supplement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 

(e) THE UNDERSIGNED HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON
CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE ADVANCES OR THE ACTIONS OF ANY LENDER PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. THE UNDERSIGNED (I) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES THAT THE UNDERSIGNED, THE
ADMINISTRATIVE AGENT, THE ISSUING BANKS AND THE BANKS HAVE BEEN INDUCED TO ENTER INTO THE GUARANTEE AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

 

			
	Very truly yours,
	
	[NAME OF ADDITIONAL GUARANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit C
– Page 14 

 EXHIBIT D 
 FORM OF 
 ASSIGNMENT AND ACCEPTANCE 

This Assignment and Acceptance (this “Assignment and Acceptance”) is dated as of the
Effective Date set forth below and is entered into by and between [the][each]1 Assignor identified in item 1 below
([the][each, an] “Assignor”) and [the][each]2 Assignee identified in item 2 below
([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended to date, the “Credit Agreement”), receipt
of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Acceptance as
if set forth herein in full. 
 For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the
Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of
the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Bank][their respective capacities as Banks] under the
Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective
Assignors] under the respective facilities identified below (including without limitation the Letters of Credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits,
causes of action and any other right of [the Assignor (in its capacity as a Bank)][the respective Assignors (in their respective capacities as Banks)] against any Person, whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice
claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee
pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly
provided in this Assignment and Acceptance, without representation or warranty by [the][any] Assignor. 
  

					
	1. Assignor[s]:	 	  
	  	

  

	1 	For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If
the assignment is from multiple Assignors, choose the second bracketed language. 

	2 	For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If
the assignment is to multiple Assignees, choose the second bracketed language. 

	3 	Select as appropriate. 

	4 	Include bracketed language if there are either multiple Assignors or multiple Assignees. 

  
 Exhibit D
– Page 1 

					
		 	  
	  	

 [Assignor [is] [is not] a Defaulting Lender] 

 

					
	2. Assignee[s]:	 	  
	  	
		 	  
	  	

 [for each Assignee, indicate [Affiliate][Approved Fund] of [identify Bank] 

3. Borrower:                    KBR, Inc. 

4. Administrative Agent: Citibank, N.A., as the administrative agent under the Credit Agreement 
 5. Credit Agreement: Five Year Revolving Credit Agreement dated as of December 2, 2011 among KBR, Inc., the Banks from time to time party thereto, the Issuing Banks from time to time party thereto,
Citibank, N.A., as Administrative Agent, and the other agents parties thereto. 
 6. Assigned Interest[s]:    ` 

 

																	
	 Assignor[s]5
	  	Assignee[s]6	  	Aggregate
Amount of
Commitment/Revolving
Credit
Advances
for all
Banks7	 	  	Amount of
Commitment/
Revolving
Credit
Advances
Assigned8	 	  	Percentage
Assigned of
Commitment/Revolving
Credit
Advances8	 	 	CUSIP
Number
						
		  		  	$	            	  	  	$	            	  	  	 	    	% 	 	
						
		  		  	$	            	  	  	$	            	  	  	 	    	% 	 	
						
		  		  	$	            	  	  	$	            	  	  	 	    	% 	 	

 [7. Trade Date:
                    
]9 

[Page break] 
  

 

	5 	 List each Assignor, as appropriate. 

	6 	 List each Assignee, as appropriate. 

	7 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	8 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Advances of all Banks thereunder. 

	9 	 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

  
 Exhibit D
– Page 2 

 Effective Date:
                         , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE
DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Acceptance are hereby agreed to:

  

			
	ASSIGNOR[S]10
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Title:
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Title:
	
	ASSIGNEE[S]11
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:
	
	Domestic Lending Office:
	
	Eurodollar Lending Office:
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:
	
	Domestic Lending Office:
	
	Eurodollar Lending Office:

  

	10 	 Add additional signature blocks as needed. 

	11 	 Add additional signature blocks as needed. 

  
 Exhibit D
– Page 3 

			
	[Consented to and]12 Accepted:
	
	CITIBANK, N.A., as
	    Administrative Agent
		
	By:	 	  

		 	Title:
	
	[Consented to:]13
	KBR, INC.
		
	By:	 	  

		 	Title:

  

	12	 To be added only
if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	13 	 To be added only if the consent of the Borrower and/or the Issuing Banks is required by the terms of the Credit Agreement.

	

  
 Exhibit D
– Page 4 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ACCEPTANCE 
 1. Representations and Warranties.

 1.1 Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial
owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or
representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder,
(iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates
or any other Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee[s]. [The][Each]
Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a
Bank under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 8.08 (a)(iii), (v), (vi) and (vii) of the Credit Agreement (subject to such consents, if any, as may be
required under Section 8.08 (a)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Bank thereunder and, to the extent of [the][the relevant]
Assigned Interest, shall have the obligations of a Bank thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in
making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most
recent financial statements delivered pursuant to Section 5.01(d) thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and
Acceptance and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Bank and based on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached to the Assignment and Acceptance is any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or
any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with
their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Bank. 
 2.
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignee
whether such amounts have accrued prior to, on or after the Effective Date. The Assignor[s] and the Assignee[s] shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to
the making of this assignment directly between themselves. 

  
 Exhibit D
– Page 5 

 3. General Provisions. This Assignment and Acceptance shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Acceptance by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be governed by, and construed in
accordance with, the law of the State of New York. 

  
 Exhibit D
– Page 6

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