Document:

EX-4.2

 Exhibit 4.2 

NAVIENT CORPORATION, 

as Company, 
 and

 THE BANK OF NEW YORK MELLON, 

as Trustee 
  

 
 FOURTH
SUPPLEMENTAL INDENTURE 
 Dated as of September 16, 2016 

to 
 INDENTURE 

Dated as of July 18, 2014 
  

 
 7.250% Senior
Notes due 2023 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE 1.	  
	
	DEFINITIONS	  
			
	Section 1.1.	 	Definition of Terms	  	 	2	  
	
	ARTICLE 2.	  
	
	GENERAL TERMS AND CONDITIONS OF THE SENIOR NOTES	  
			
	Section 2.1.	 	Designation and Principal Amount	  	 	4	  
	Section 2.2.	 	Maturity	  	 	5	  
	Section 2.3.	 	Further Issues	  	 	5	  
	Section 2.4.	 	Form of Payment	  	 	5	  
	Section 2.5.	 	Global Securities	  	 	5	  
	Section 2.6.	 	Interest	  	 	5	  
	Section 2.7.	 	Authorized Denominations	  	 	5	  
	Section 2.8.	 	Redemption	  	 	5	  
	Section 2.9.	 	Repurchase Upon Change of Control	  	 	5	  
	Section 2.10.	 	Appointment of Agents	  	 	7	  
	
	ARTICLE 3.	  
	
	FORM OF NOTES	  
			
	Section 3.1.	 	Form of Senior Notes	  	 	8	  
	
	ARTICLE 4.	  
	
	ORIGINAL ISSUE OF NOTES	  
			
	Section 4.1.	 	Original Issue of Senior Notes	  	 	8	  
	
	ARTICLE 5.	  
	
	MISCELLANEOUS	  
			
	Section 5.1.	 	Ratification of Indenture	  	 	8	  
	Section 5.2.	 	Trustee Not Responsible for Recitals	  	 	8	  
	Section 5.3.	 	Governing Law	  	 	8	  
	Section 5.4.	 	Separability	  	 	8	  
	Section 5.5.	 	Counterparts	  	 	8	  
		
	EXHIBIT A – Form of 2023 Senior Notes	  	 	A-1	  

  
 i 

 FOURTH SUPPLEMENTAL INDENTURE, dated as of September 16, 2016 (this
“Supplemental Indenture”), between Navient Corporation, a Delaware corporation (the “Company”), and The Bank of New York Mellon, a New York banking corporation, as trustee (the “Trustee”).

 WHEREAS, the Company and the Trustee executed and delivered the base indenture, dated as of July 18, 2014 (the
“Base Indenture”, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance of the Company’s debt securities (the “Securities”), to be issued in one or more
series; 
 WHEREAS, the Company and the Trustee executed and delivered the first supplemental indenture, dated as of
November 6, 2014, to provide for the establishment of two series of its notes under the Base Indenture known as its “5.000% Senior Notes due 2020” and its “5.875% Senior Notes due 2024”; 

WHEREAS, the Company and the Trustee executed and delivered the second supplemental indenture, dated as of March 27, 2015, to
provide for the establishment of a series of its notes under the Base Indenture known as its “5.875% Senior Notes due 2021”; 

WHEREAS, the Company and the Trustee executed and delivered the third supplemental indenture, dated as of July 29, 2016, to
provide for the establishment of a series of its notes under the Base Indenture known as its “6.625% Senior Notes due 2021”; 

WHEREAS, pursuant to the terms of the Base Indenture, the Company desires to provide for the establishment of a new series of its notes
under the Base Indenture to be known as its “7.250% Senior Notes due 2023” (the “Senior Notes”), the form and substance and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and
this Supplemental Indenture; 
 WHEREAS, the Board of Directors of the Company pursuant to the 2016 Business Plan, adopted
January 26, 2016, and certified by the Secretary’s Certificate, executed April 15, 2016, have duly authorized the issuance of the Senior Notes and has authorized the proper officers of the Company to execute any and all appropriate
documents necessary or appropriate to effect each such issuance; 
 WHEREAS, the Company and Navient, LLC, entered into an
Agreement and Plan of Merger on October 16, 2014, pursuant to which Navient, LLC merged with and into the Company, with the Company as the surviving corporation (the “Merger”); 

WHEREAS, as a result of the Merger, the Company assumed Navient, LLC’s obligations under an indenture, dated October 1, 2000
and an amended and restated indenture, dated April 25, 2006; 
 WHEREAS, this Supplemental Indenture is being entered
into pursuant to the provisions of Section 14.01 of the Base Indenture; 
 WHEREAS, the Company has requested and hereby
requests that the Trustee execute and deliver this Supplemental Indenture; and 

 WHEREAS, all things necessary to make this Supplemental Indenture a valid and legally
binding agreement of the Company, in accordance with its terms, and to make the Senior Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid and legally binding obligations of the Company, have been performed,
and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 
 NOW THEREFORE, in
consideration of the premises and the purchase and acceptance of the Senior Notes by the Holders thereof, and for the purpose of setting forth, as provided in the Base Indenture, the forms and terms of the Senior Notes, the Company covenants and
agrees, with the Trustee, as follows: 
 ARTICLE 1. 

DEFINITIONS 

Section 1.1. Definition of Terms. Unless the context otherwise requires: 

(a) each term defined in the Base Indenture has the same meaning when used in this Supplemental Indenture; 

(b) the singular includes the plural and vice versa; and 

(c) headings are for convenience of reference only and do not affect interpretation. 

(d) a reference to a Section or Article is to a Section or Article of this Supplemental Indenture unless otherwise indicated. 

(e) The following terms have the meanings given to them in this Section 1.1(e): 

(i) “Board of Directors” means the board of directors or comparable governing body of the Company;
provided that if the Company is a wholly-owned subsidiary of another person, the Board of Directors means the board of directors or comparable governing body of such person. 

(ii) “Change of Control” means the occurrence of any of the following: (1) direct or indirect
sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole
to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to the Company or one of its subsidiaries; (2) the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its subsidiaries becomes the beneficial owner, directly or indirectly, of more
than 50% of the then-outstanding number of shares of the Company’s voting stock; (3) the Company consolidates with, or merges with or into, any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), or any
“person” 

  
 2 

 
(as that term is used in Section 13(d)(3) of the Exchange Act) consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the
outstanding voting stock of the Company or such other “person” (as that term is used in Section 13(d)(3) of the Exchange Act) is converted into or exchanged for cash, securities or other property, other than any such transaction where
the shares of the voting stock of the Company outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the voting stock of the surviving “person” (as that term is used in
Section 13(d)(3) of the Exchange Act) immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or (5) the adoption
of a plan relating to the liquidation or dissolution of the Company; provided, however, that a transaction will not be deemed to involve a Change of Control if (A) the Company becomes a wholly owned subsidiary of a holding company and
(B) the holders of the voting stock of such holding company immediately following that transaction are substantially the same as the holders of the Company’s voting stock immediately prior to that transaction. For purposes of this
definition, “voting stock” means capital stock or other equity interests of any class or kind the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing
similar functions) of the Company, even if the right to vote has been suspended by the happening of such a contingency. 

(iii) “Change of Control Triggering Event” means the occurrence of both (i) a Change of Control
and (ii) a Ratings Downgrade Event. 
 (iv) “Continuing Directors” means, as of any date of
determination, any member of the Board of Directors of the Company who (1) was a member of the Board of Directors of the Company on the date of the issuance of the Senior Notes; or (2) was nominated for election or elected to the Board of
Directors of the Company with the approval of a majority of the Continuing Directors who were members of such Board of Directors of the Company at the time of such nomination or election (either by specific vote or by approval of the Company’s
proxy statement in which such member was named as a nominee for election as a director). 
 (v) “DTC”
shall have the meaning assigned to it in Section 2.5. 
 (vi) “Fitch” means Fitch, Inc., also
known as Fitch Ratings. 
 (vii) “Investment Grade Rating” means a rating by Moody’s
equal to or higher than Baa3 (or the equivalent under a successor rating category of Moody’s), a rating by S&P equal to or higher than BBB- (or the equivalent under any successor rating category of S&P), a rating by Fitch equal to or
higher than BBB- (or the equivalent under any successor rating category of Fitch), and the equivalent investment grade credit rating from any replacement rating agency or rating agencies selected by the Company under the circumstances permitting the
Company to select a replacement agency and in the manner for selecting a replacement agency, in each case as set forth in the definition of “Rating Agencies”.  

  
 3 

 (viii) “Moody’s” means Moody’s Investors
Service, Inc.  
 (ix) “Navient Corporation” means Navient Corporation, or any successor.

 (x) “Rating Agencies” means (1) Moody’s, S&P and Fitch; and (2) if any or
all of Moody’s, S&P or Fitch ceases to rate the Senior Notes or fails to make a rating of the Senior Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Section 3(a)(62) under the Exchange Act, that the Company selects (pursuant to a resolution of the Company’s Board of Directors) as a replacement agency for any of Moody’s, S&P or Fitch, or
all of them, as the case may be.  
 (xi) “Ratings Downgrade Event” means, on any date during
the Trigger Period, the Senior Notes being downgraded by at least one modifier (a modifier being plus, neutral or minus for S&P or Fitch, 1, 2 or 3 for Moody’s and a similar modifier by any other Rating Agency) by any two of the three
Rating Agencies from the rating on the Senior Notes by each such Rating Agency on the date prior to the first day of the Trigger Period; provided that no Ratings Downgrade Event shall be deemed to occur, if either (i) the rating on the Senior
Notes by each Rating Agency that downgraded its rating is an Investment Grade Rating after the downgrade or (ii) in respect of a particular Change of Control, the Rating Agency or Agencies (as applicable) that downgraded the Senior Notes
announce or confirm or inform the Trustee in writing that the reduction was not the result, in whole or in part, of any event or circumstance comprised of, or arising as a result of, or in respect of, the applicable Change of Control. 

(xii) “S&P” means S&P Global Ratings, a Standard & Poor’s Financial Services LLC
business. 
 (xiii) “Trigger Period” means the period commencing one day prior to the first
public announcement by the Company of a Change of Control or an arrangement that could result in a Change of Control and ending 60 days following consummation of the Change of Control (which period will be extended following consummation of a Change
of Control for so long as the rating of the Senior Notes is under announced consideration for possible downgrade by any of the Rating Agencies as the result, in whole or in part, of any event or circumstance comprised of, or arising as a result of,
or in respect of, the applicable Change of Control). 
 ARTICLE 2. 

GENERAL TERMS AND CONDITIONS OF THE SENIOR NOTES 

Section 2.1. Designation and Principal Amount. There is hereby authorized and established a new series of Securities under the
Base Indenture, designated as the “7.250% Senior Notes due 2023”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Supplemental Indenture shall be
limited to $500,000,000. Any additional amounts of the series to be issued shall be set forth in a Company Order. 

  
 4 

 Section 2.2. Maturity. The stated maturity of principal for the Senior Notes will be
September 25, 2023. 
 Section 2.3. Further Issues. The Company may from time to time, without the consent of the Holders
of the series of Senior Notes, issue additional notes of such series. Any such additional notes will have the same ranking, interest rate, maturity date and other terms as the series of Senior Notes. Any such additional notes, together with the
series of Senior Notes herein provided for, will constitute a single series of Securities under the Indenture. 
 Section 2.4. Form
of Payment. Principal of, premium, if any, and interest on the Senior Notes shall be payable in U.S. dollars. 
 Section 2.5.
Global Securities. Upon the original issuance, the Senior Notes will be represented by one or more Global Securities. The Company will issue the Senior Notes in denominations of $2,000 and in integral multiples of $1,000 in excess thereof and
will deposit the Global Securities with the Trustee as custodian for The Depository Trust Company (“DTC”), in New York, New York, and register the Global Securities in the name of DTC or its nominee. 

Section 2.6. Interest. The Senior Notes will bear interest (computed on the basis of a 360-day year consisting of twelve 30-day
months) from September 16, 2016) at the rate of 7.250% per annum, payable semiannually in arrears; interest payable on each Interest Payment Date will include interest accrued from September 16, 2016, or from the most recent Interest
Payment Date to which interest has been paid or duly provided for; the Interest Payment Dates on which such interest shall be payable are March 25 and September 25, commencing on March 25, 2017; and the record date for the interest
payable on any Interest Payment Date is the close of business on the Business Day immediately preceding the relevant Interest Payment Date. 

Section 2.7. Authorized Denominations. The Senior Notes shall be issuable in denominations of $2,000 and in integral multiples of
$1,000 in excess thereof. 
 Section 2.8. Redemption. The Senior Notes are subject to redemption at the option of the Company as
set forth in the forms of Senior Notes attached hereto as Exhibit A. 
 Section 2.9. Repurchase Upon Change of Control. 

(a) If a Change of Control Triggering Event occurs, unless the Company has exercised its right, if any, to redeem the Senior Notes in full, the
Company shall offer (the “Change of Control Offer”) to repurchase any and all of each Holder’s Senior Notes (equal to $2,000 or an integral multiple of $1,000 above that amount) at a repurchase price in cash equal to 101% of the
aggregate principal amount of the Senior Notes repurchased plus accrued and unpaid interest, if any, to, but not including, the date of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering
Event, the Company shall be required to mail a notice to each Holder of the Senior Notes to the address of such 

  
 5 

 
Holder appearing in the Registrar, with a copy to the Trustee or otherwise in accordance with the procedures of DTC, describing the transaction or transactions that constitute the Change of
Control Triggering Event and offering to repurchase such Senior Notes on the date specified in the notice, which date will be no less than 30 days and no more than 60 days from the date such notice is mailed (the “Change of Control Payment
Date”), with the following information: 
 (i) a Change of Control Offer is being made pursuant to this Section 2.9
and that all Senior Notes properly tendered pursuant to such Change of Control Offer will be accepted for payment; 
 (ii)
the repurchase price and the Change of Control Payment Date; 
 (iii) any Senior Note not properly tendered will remain
outstanding and continue to accrue interest; 
 (iv) unless the Company defaults in the payment of the Change of Control
Payment, all Senior Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on, but not including, the Change of Control Payment Date; 

(v) Holders electing to have any Senior Notes repurchased pursuant to a Change of Control Offer will be required to surrender
such Senior Notes, in the form set forth in Exhibit A entitled “Option of Holder to Elect Purchase”, on the reverse of such Senior Notes completed, to the Paying Agent specified in the notice at the address specified in the notice prior to
the close of business on the third business day preceding the Change of Control Payment Date; 
 (vi) Holders will be
entitled to withdraw their tendered Senior Notes and their election to require the Company to repurchase such Senior Notes, provided that the Paying Agent receives, not later than the close of business on the last day of the Change of Control Offer
period, a facsimile transmission, an email or a letter setting forth the name of the Holder of Senior Notes, the principal amount of Senior Notes tendered for repurchase, and a statement that such Holder is withdrawing his tendered Senior Notes and
his election to have such Senior Notes repurchased; 
 (vii) if such notice is mailed prior to the occurrence of a Change of
Control, stating that the Change of Control Offer is conditional on the occurrence of such Change of Control; and 
 (viii)
that Holders whose Senior Notes are being repurchased only in part will be issued new Senior Notes equal in principal amount to the unpurchased portion of the Senior Notes surrendered, which unpurchased portion must be equal to $2,000 in principal
amount or an integral multiple of $1,000 in excess thereof. 
 (b) While the Senior Notes are in global form and the Company makes an offer
to repurchase all of the Senior Notes pursuant to the Change of Control Offer, a Holder may exercise its option to elect for the repurchase of the Senior Notes through the facilities of DTC, Euroclear and Clearstream, subject to their rules and
regulations. 

  
 6 

 (c) The Company shall not be required to make a Change of Control Offer upon the occurrence of a
Change of Control Triggering Event if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Supplemental Indenture applicable to a Change of Control
Offer made by the Company and the third party repurchases on the applicable date all Senior Notes properly tendered and not withdrawn under such Change of Control Offer, provided that a failure by such third party to comply with the requirements of
such Change of Control Offer and to complete such Change of Control Offer shall be treated as a failure by the Company to comply with its obligations to offer to repurchase the Senior Notes unless the Company promptly makes an offer to repurchase
the Senior Notes at 101% of the principal amount thereof plus accrued and unpaid interest, if any, to, but not including the date of repurchase, which shall be no later than 30 days after the third party’s scheduled Change of Control Payment
Date, or (2) a notice of redemption has been given pursuant to the Indenture as described under Section 4.03 of the Base Indenture, unless and until there is a default in payment of the applicable redemption price. Notwithstanding anything
to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control. 

(d) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Senior Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict
with the Change of Control repurchase provisions of this Supplemental Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under Section 2.9 of this
Supplemental Indenture by virtue thereof. 
 (e) On the Change of Control Payment Date, the Company shall, to the extent permitted by law,

 (i) accept or cause a third party to accept for payment all Senior Notes properly tendered pursuant to the Change of
Control Offer; 
 (ii) deposit or cause a third party to deposit with the Paying Agent an amount equal to the Change of
Control Payment in respect of all Senior Notes properly tendered; and 
 (iii) deliver or cause to be delivered to the
Trustee the Senior Notes properly accepted, together with an Officers’ Certificate stating the principal amount of Senior Notes being repurchased. 

(f) The Paying Agent shall promptly deliver to each Holder of Senior Notes the Change of Control Payment for such Senior Notes. The Company
shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

Section 2.10. Appointment of Agents. The Trustee will initially be the Security Registrar and Paying Agent for the Senior Notes.

  
 7 

 ARTICLE 3. 

FORM OF NOTES 

Section 3.1. Form of Senior Notes. The Senior Notes and the Trustee’s Certificate of Authentication to be endorsed thereon,
are to be substantially in the form set forth in Exhibit A hereto. 
 ARTICLE 4. 

ORIGINAL ISSUE OF NOTES 

Section 4.1. Original Issue of Senior Notes. The Senior Notes may, upon execution of this Supplemental Indenture, be executed by
the Company and delivered to the Trustee for authentication, and the Trustee shall, upon Company order, authenticate and deliver such Senior Notes as in such Company order provided. 

ARTICLE 5. 

MISCELLANEOUS 

Section 5.1. Ratification of Indenture. The Base Indenture, as supplemented by this Supplemental Indenture, is in all respects
ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided; provided that the provisions of this Supplemental Indenture apply solely with respect to
the Senior Notes. 
 Section 5.2. Trustee Not Responsible for Recitals. The recitals and statements herein contained are made by
the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 

Section 5.3. Governing Law. This Supplemental Indenture and each Senior Note shall be deemed to be contracts made under the law of
the State of New York, and for all purposes shall be governed by and construed in accordance with the law of said State. 

Section 5.4. Separability. In case any provision in the Indenture or in the Senior Notes shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 5.5. Counterparts. This Supplemental Indenture may be executed in any number of counterparts each of which shall be an
original; but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and
delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for all purposes. 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the day and year first above written. 
  

					
	NAVIENT CORPORATION, as Company
		
	By:	 	 /s/ Stephen O’Connell

		 	Name:	 	Stephen O’Connell
		 	Title:	 	Senior Vice President and Treasurer
	
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	 /s/ Laurence J. O’Brien

		 	Name:	 	Laurence J. O’Brien
		 	Title:	 	Vice President

 [Signature page to Fourth Supplemental Indenture] 

 EXHIBIT A 

[FORM OF FACE OF SECURITY] 

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

  
 Exhibit A-1 

 CUSIP No. 63938CAD0 

NAVIENT CORPORATION 

7.250% SENIOR NOTES DUE 2023 
  

			
	No.	  	$
		  	As revised by the Schedule of Increases or Decreases in Global Security attached hereto

 Interest. Navient Corporation, a Delaware corporation (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of
                     million dollars ($
                    ), as revised by the Schedule of Increases or Decreases in Global Security attached hereto, on September 25, 2023 and to pay
interest thereon from September 16, 2016 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on March 25 and September 25 in each year, commencing March 25,
2017, at the rate of 7.250% per annum, until the principal hereof is paid or made available for payment. 
 Method of
Payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on the Record Date for such interest, which shall be the Business Day immediately preceding the relevant Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice thereof having been given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, all as more fully provided in said Indenture. Payment of the principal of (and
premium, if any) and any such interest on this Security will be made at the Corporate Trust Office in U.S. Dollars. 
 Reference is
hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Authentication. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by
manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.  

  
 Exhibit A-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized
officer. 
 September 16, 2016 
  

			
	NAVIENT CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	Dated: September 16, 2016
	
	 THE BANK OF NEW YORK MELLON
  

as Trustee, certifies that this is one of

the Securities referred to in the Indenture.

	
	By:                                   
                                         
             
		 	Authorized Signatory

  
 Exhibit A-3 

 [FORM OF REVERSE OF SECURITY] 

Indenture. This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an Indenture, dated as of July 18, 2014, among Navient Corporation (the “Company”) and The Bank of New York Mellon, as trustee (herein called
the “Trustee”, which term includes any successor trustee under the Indenture), as supplemented and amended by the Fourth Supplemental Indenture, dated September 16, 2016 (as so supplemented, herein called the
“Indenture”), between the Company and the Trustee, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited in
aggregate principal amount to $500,000,000. 
 Optional Redemption. The Securities of this series are subject to redemption at
the Company’s option, at any time and from time to time, in whole or in part, at a Redemption Price equal to the greater of (i) 100% of the principal amount to be redeemed plus accrued and unpaid interest thereon to the Redemption Date,
and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30 day months) at the applicable Treasury Rate (as defined below) plus 50 basis points plus accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. 

For purposes of determining the optional redemption price, the following definitions are applicable: 

“Treasury Rate” means, with respect to any Redemption Date for the Securities, the rate per annum equal to the
semi-annual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date.  
 The Treasury Rate will be calculated on the third business day preceding the Redemption
Date. 
 “Comparable Treasury Issue” means the U.S. Treasury security or securities selected by an Independent
Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Securities that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining terms of the Securities.  

  
 Exhibit A-4 

 “Comparable Treasury Price” means, with respect to any Redemption Date: 

(a) the average, as determined by the Independent Investment Banker, of the Reference Treasury Dealer Quotations for such Redemption Date,
after excluding the highest and lowest Reference Treasury Dealer Quotations, or 
 (b) if the Independent Investment Banker is unable to
obtain at least four such Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations obtained by the Independent Investment Banker. 

“Independent Investment Banker” means J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated and RBC Capital Markets, LLC, as specified by the Company, or if these firms are unwilling or unable to select the applicable Comparable Treasury Issue or average of the Reference Treasury Dealer Quotations, an independent investment
banking institution of national standing appointed by the Company. 
 “Reference Treasury Dealer” means J.P. Morgan
Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC (and their respective successors) plus one other or their affiliates which are primary U.S. government securities dealers (each a “Primary
Treasury Dealer”), provided however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the
Securities, an average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the Securities (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 
 Notice of any
redemption will be sent at least 30 days but not more than 60 days before the redemption date to each registered holder of Securities to be redeemed. Unless the Company defaults in payment of the redemption price, on and after the redemption date,
interest will cease to accrue on the Securities or portions of the Securities called for redemption. If fewer than all of the Securities are to be redeemed, the Trustee will select, not more than 60 days prior to the redemption date, the particular
Securities or portions thereof for redemption from the outstanding Securities not previously called by such method as the Trustee deems fair and appropriate. 

Defaults and Remedies. If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of
the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

Repurchase Upon a Change of Control. Upon the occurrence of a Change of Control Triggering Event, the Holders of the Securities will
have the right to require that the Company purchase such Holder’s outstanding Securities, in whole or in part, at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the
date of purchase. 

  
 Exhibit A-5 

 Amendment, Modification and Waiver. The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of a majority in aggregate principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal
amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in
exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.  
 Restrictive
Covenants. The Indenture does not limit the issuance of debt of the Company or any of its Subsidiaries. 
 Denominations,
Transfer and Exchange. The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and in integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Security Register, upon surrender of this Security for registration of transfer at the Registrar accompanied by a written request for transfer in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Persons Deemed Owners. Prior to due presentment of
this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

Miscellaneous. The Indenture and this Security shall be governed by and construed in accordance with the laws of the State of New York,
without regard to the conflicts of law rules of said State. 

  
 Exhibit A-6 

 All terms used in this Security and not defined herein shall have the meanings assigned to them
in the Indenture. 

  
 Exhibit A-7 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security repurchased by the Company pursuant to Section 2.9 of the Supplemental Indenture, check the
box below: 
  ̈ Section 2.9 

If you want to elect to have only part of the Security purchased by the Company pursuant to Section 2.9 of the Supplemental Indenture,
state the amount you elect to have repurchased: 

$                      

Date:                      

 

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)
	
	Tax Identification No.:                              
                             

 Signature Guarantee*:
                                     

 

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

  
 Exhibit A-8 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The following increases or decreases in this Global Security have been made: 

 

									
	 Date of

Exchange
	  	 Amount of increase in
Principal Amount of
this
Global Security
	  	 Amount of decrease
in Principal Amount
of this
Global
Security
	  	 Principal Amount of
this Global Security
following
each
decrease or increase
	  	 Signature of
authorized signatory
of
Trustee

		  		  		  		  	

  
 Exhibit A-9Exhibit 1012

		

			Exhibit 10.1

		

		
			FIRST AMENDMENT TO CREDIT AGREEMENT
		

		
			THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Agreement”) is entered into as of September 16, 2016 among GREEN PLAINS OPERATING COMPANY LLC, a Delaware limited partnership (the “Borrower”), the Guarantors from time to time party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent.  All capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement (as defined below).
		

		
			RECITALS
		

		
			﻿
		

		
			WHEREAS, the Borrower, the Guarantors, the Administrative Agent and the Lenders are parties to that certain Credit Agreement, dated as of July 1, 2015 (as amended or modified from time to time, the “Credit Agreement”); 
		

		
			WHEREAS, the Borrower has requested amendments to the Credit Agreement as set forth herein; and
		

		
			WHEREAS, the Lenders are willing to agree to such amendments as set forth herein.
		

		
			NOW, THEREFORE, in consideration of the agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		

		
			AGREEMENT
		

		
			﻿
		

		
			1.Amendments to Credit Agreement.  
		

		
			(a)The following definitions are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order to read as follows:
		

		
			“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
		

		
			“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
		

		
			“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
		

		
			“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
		

		
			“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
		

		

		

		 

		

			1

		

		

			 

		

 

		“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.
		

		
			“First Amendment Effective Date” means September 16, 2016.
		

		
			“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
		

		
			﻿
		

		
			(b)The following definitions appearing in Section 1.01 of the Credit Agreement are hereby amended to read as follows:
		

		
			“Aggregate Revolving Commitments” means the Revolving Commitments of all the Lenders.  The initial amount of the Aggregate Revolving Commitments in effect on the First Amendment Effective Date is $155,000,000.
		

		
			“Applicable Rate” means the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b): 
		

		
			﻿
		

			
					
						Pricing Tier

					
					
						Consolidated Leverage Ratio

					
					
						Commitment Fee

					
					
						Letters of Credit

					
					
						Eurodollar Rate Loans

					
					
						Base Rate Loans

				
	
					
						1

					
					
						< 1.50:1

					
					
						0.35%

					
					
						2.25%

					
					
						2.25%

					
					
						1.25%

				
	
					
						2

					
					
						< 2.00:1 but
≥ 1.50:1

					
					
						0.40%

					
					
						2.50%

					
					
						2.50%

					
					
						1.50%

				
	
					
						3

					
					
						< 2.50:1 but
≥ 2.00:1

					
					
						0.45%

					
					
						2.75%

					
					
						2.75%

					
					
						1.75%

				
	
					
						4

					
					
						≥ 2.50:1

					
					
						0.50%

					
					
						3.00%

					
					
						3.00%

					
					
						2.00%

				

		
			﻿
		

		
			Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 6.02(b);  provided,  however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Tier 4 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 first Business Day immediately following the date on which such Compliance Certificate is delivered in accordance with Section 6.02(b), whereupon the Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage Ratio contained in such Compliance Certificate.  The Applicable Rate in effect from the Closing Date through the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 6.02(b) for the fiscal quarter ending September 30, 2016 shall be determined based upon Pricing Tier 3.  
		

		
			“Arranger” means Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement), in its capacity as sole lead arranger and sole bookrunner.
		

		

		

		 

		

			2

		

		

			 

		

		

			 

		

 

		“Defaulting Lender”  means, subject to Section 2.15(d), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer, the Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swing Line Loans) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, the L/C Issuer or the Swing Line Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.  Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.15(d)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower, the L/C Issuer, the Swing Line Lender and each other Lender promptly following such determination.
		

		
			“Incremental Loan Amount” means $100,000,000.
		

		
			“Letter of Credit Sublimit” means an amount equal to $30,000,000.  The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.
		

		
			“Swing Line Sublimit” means an amount equal to $30,000,000.  The Swing Line Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.
		

		
			(c)Section 2.15(b) of the Credit Agreement is hereby amended to read as follows:
		

		
			(b)Reallocation of Applicable Percentages to Reduce Fronting Exposure.  All or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line 
		

		 

		

			3

		

		

			 

		

		

			 

		

 

		Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment.  Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.
		

		
			﻿
		

		
			(d)Subclause (x) in the first proviso in Section 2.16(a) of the Credit Agreement is hereby amended to read as follows:
		

		
			﻿
		

		
			(x) the aggregate amount of all Incremental Revolving Commitments and Incremental Term Loans issued or incurred after the First Amendment Effective Date pursuant to this Section 2.16 shall not exceed the Incremental Loan Amount and
		

		
			(e)A new Section 5.23 is hereby added to the Credit Agreement to read as follows:
		

		
			Section 5.23EEA Financial Institution.
		

		
			No Loan Party is an EEA Financial Institution.
		

		
			(f)A new Section 11.20 is hereby added to the Credit Agreement to read as follows:
		

		
			Section 11.20  Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  
		

		
			Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
		

		
			(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 
		

		
			(b) the effects of any Bail-in Action on any such liability, including, if applicable: 
		

		
			(i) a reduction in full or in part or cancellation of any such liability; 
		

		
			(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
		

		
			(iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.
		

		

		

		 

		

			4

		

		

			 

		

		

			 

		

 

		(g)Schedule 2.01 to the Credit Agreement is hereby amended to read as Schedule 2.01 hereto.
		

		
			2.Effectiveness; Conditions Precedent.  This Agreement shall be effective upon:
		

		
			(a)receipt by the Administrative Agent of copies of this Agreement duly executed by the Borrower, the Guarantors, the Administrative Agent, the Required Lenders (which must include each Lender increasing its Revolving Commitment pursuant to this Agreement);  
		

		
			(b)receipt by the Administrative Agent of the following, in form and substance satisfactory to the Administrative Agent:
		

		
			(i)copies of the Organization Documents of each Loan Party certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such Loan Party to be true and correct as of the date hereof (or, as to any such Organization Documents that have not been amended, modified or terminated since the Closing Date, certifying that such Organization Documents have not been amended, modified or terminated since the Closing Date and remain in full force and effect, and are true and complete, in the form delivered to the Administrative Agent on the Closing Date);
		

		
			(ii)any such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and approving and adopting this Amendment, the transactions contemplated herein and authorizing the execution and delivery of this Amendment; and
		

		
			(iii)such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation.
		

		
			(c)receipt by the Administrative Agent of an opinion of legal counsel to the Loan Parties relating to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent.
		

		
			(d)payment by the Borrower of all reasonable and documented fees, charges and disbursements of counsel to the Administrative Agent in connection with this Agreement (directly to such counsel if requested by the Administrative Agent).
		

		
			3.Authority/Enforceability.  Each Loan Party represents and warrants as follows:
		

		
			(a)It has taken all necessary action to authorize the execution, delivery and performance of this Agreement.
		

		
			(b)This Agreement has been duly executed and delivered by such Loan Party and constitutes its legal, valid and binding obligations, enforceable in accordance with its terms, subject to applicable Debtor Relief Laws and to general principles of equity.
		

		

		

		 

		

			5

		

		

			 

		

		

			 

		

 

		(c)No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by such Loan Party of this Agreement.
		

		
			(d)The execution and delivery of this Agreement does not (i) contravene the terms of its Organization Documents or (ii) violate any Law.
		

		
			4.Representations and Warranties of the Loan Parties.  Each Loan Party represents and warrants to the Lenders that after giving effect to this Agreement (a) the representations and warranties set forth in Article V of the Credit Agreement or in any other Loan Document or which are contained in any document furnished at any time under or in connection therewith are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date and (b) no event has occurred and is continuing which constitutes a Default.
		

		
			5.Counterparts.  This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this Agreement by facsimile or other secure electronic format (.pdf) shall be effective as an original.
		

		
			6.GOVERNING LAW.  THIS AGREEMENT 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 AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.  
		

		
			7.Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
		

		
			8.Headings.  The headings of the sections hereof are provided for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement.
		

		
			9.Severability.  If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
		

		
			[signature pages follow]
		

		
			 
		

		

		

		 

		

			6

		

		

			 

		

		

			 

		

 

		

			 

		

		Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above written.
		

		
			BORROWER:   GREEN PLAINS OPERATING COMPANY LLC,
		

		
			a Delaware limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			GUARANTORS:           GREEN PLAINS PARTNERS LP,
		

		
			a Delaware limited partnership
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			BBTL, LLC,
		

		
			a Delaware limited liability company
		

		
			By:  /s/ Jerry L. Peters
		

		
			Name: Jerry Peters 
		

		
			Title: Chief Financial Officer
		

		
			BIRMINGHAM BIOENERGY PARTNERS, LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			BLENDSTAR LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			BOSSIER CITY BIOENERGY PARTNERS, LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			COLLINS BIOENERGY PARTNERS, LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		

		

		 

		

			FIRST AMENDMENT TO CREDIT AGREEMENT

		

		

			GREEN PLAINS OPERATING COMPANY LLC

		

		

			 

		

 

		

			 

		

		GREEN PLAINS CAPITAL COMPANY LLC,
		

		
			a Delaware limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name: Jerry Peters 
		

		
			Title: Chief Financial Officer
		

		
			GREEN PLAINS ETHANOL STORAGE LLC,
		

		
			a Delaware limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			GREEN PLAINS LOGISTICS LLC,
		

		
			a Delaware limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name: Jerry Peters 
		

		
			Title: Chief Financial Officer 
		

		
			GREEN PLAINS TRUCKING II LLC,
		

		
			a Delaware limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer 
		

		
			LITTLE ROCK BIOENERGY PARTNERS LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			LOUISVILLE BIOENERGY PARTNERS, LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			NASHVILLE BIOENERGY PARTNERS, LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			﻿
		

		

		

		 

		

			FIRST AMENDMENT TO CREDIT AGREEMENT

		

		

			GREEN PLAINS OPERATING COMPANY LLC

		

		

			 

		

 

		

			 

		

		OKLAHOMA CITY BIOENERGY PARTNERS, LLC,
		

		
			a Texas limited liability company
		

		
			By:    /s/ Jerry L. Peters
		

		
			Name:  Jerry Peters
		

		
			Title: Chief Financial Officer
		

		
			ADMINISTRATIVE
		

		
			AGENT:            BANK OF AMERICA, N.A.,
		

		
			as Administrative Agent
		

		
			By:    /s/ Linda Lov
		

		
			Name:  Linda Lov
		

		
			Title:  Assistant Vice President
		

		
			LENDERS:        BANK OF AMERICA, N.A.,
		

		
			as a Lender, L/C Issuer and Swing Line Lender
		

		
			By:    /s/ Michael T. Letsch
		

		
			Name:  Michael T. Letsch
		

		
			Title:  Senior Vice President
		

		
			BARCLAYS BANK PLC,
		

		
			as a Lender
		

		
			By:    /s/ Vanessa A. Kurbatskiy
		

		
			Name:  Vanessa A. Kurbatskiy
		

		
			Title:  Vice President
		

		
			CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
		

		
			as a Lender
		

		
			By:    /s/ Mikhail Faybusovich
		

		
			Name:  Mikhail Faybusovich
		

		
			Title:  Authorized Signatory
		

		
			By:    /s/ Warren Van Heyst
		

		
			Name:  Warren Van Heyst
		

		
			Title:  Authorized Signatory
		

		
			ROYAL BANK OF CANADA,
		

		
			as a Lender
		

		
			By:    /s/ Caleb Allen
		

		
			Name:  Caleb Allen
		

		
			Title:  Authorized Signatory
		

		
			﻿
		

		
			 
		

		

		

		 

		

			FIRST AMENDMENT TO CREDIT AGREEMENT

		

		

			GREEN PLAINS OPERATING COMPANY LLC

		

		

			 

		

 

		

			 

		

		BANKERS TRUST COMPANY,
		

		
			as a Lender
		

		
			By:    /s/ Michael V. Hinrichs
		

		
			Name:  Michael V. Hinrichs
		

		
			Title:  Vice President
		

		
			﻿
		

		
			FARM CREDIT SERVICES OF AMERICA, PCA,
		

		
			as a Lender
		

		
			By:    /s/ Kathryn J. Frahm
		

		
			Name:  Kathryn J. Frahm
		

		
			Title:  VP Commercial Lender
		

		
			﻿
		

		
			 
		

		

		

		 

		

			FIRST AMENDMENT TO CREDIT AGREEMENT

		

		

			GREEN PLAINS OPERATING COMPANY LLC

		

		

			 

		

 

		

			 

		

		SCHEDULE 2.01
		

		
			Commitments and Applicable Percentages
		

		
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						LENDER

					
					
						REVOLVING COMMITMENT

					
					
						 

					
						APPLICABLE PERCENTAGE OF REVOLVING COMMITMENT

					
						 

				
	
					
						Bank of America, N.A.

					
					
						$76,666,666.66

					
					
						49.462365587%

				
	
					
						Credit Suisse AG, Cayman Islands Branch

					
					
						$25,000,000.00

					
					
						16.129032258%

				
	
					
						Barclays Bank PLC

					
					
						$16,666,666.67

					
					
						10.752688174%

				
	
					
						Royal Bank of Canada

					
					
						$16,666,666.67

					
					
						10.752688174%

				
	
					
						Bankers Trust Company

					
					
						$10,000,000.00

					
					
						6.451612903%

				
	
					
						Farm Credit Services of America, PCA

					
					
						$10,000,000.00

					
					
						6.451612903%

				
	
					
						TOTAL

					
					
						$155,000,000.00

					
					
						100.000000000%

				

		
			﻿

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}]]