Document:

EX-10.13

 Exhibit 10.13 

Execution Version 
 CONFIDENTIAL

 Goldman Sachs Renewable Power LLC 

Second Amended and Restated 

Limited Liability Company Agreement 

Dated [], 2022 

							
	 	 	TABLE OF CONTENTS	  	 	 
	 	 	 	  	Page	 
		 	ARTICLE I GENERAL PROVISIONS	  			
	 1.1
	 	Name	  	 	1	 
	 1.2
	 	Principal Office	  	 	2	 
	 1.3
	 	Registered Office and Agent	  	 	2	 
	 1.4
	 	Purposes	  	 	2	 
	 1.5
	 	Register	  	 	2	 
	 1.6
	 	Definitions	  	 	2	 
		 	ARTICLE II DURATION	  			
			
		 	ARTICLE III CONTRIBUTIONS TO CAPITAL	  			
			
	 3.1
	 	Capital Contributions	  	 	11	 
	 3.2
	 	[INTENTIONALLY OMITTED	  	 	13	 
	 3.3
	 	Additional Members and Capital Commitments	  	 	13	 
	 3.4
	 	Default by Member	  	 	14	 
	 3.5
	 	Admission of Members	  	 	17	 
	 3.6
	 	Status Under ERISA	  	 	17	 
			
		 	ARTICLE IV FINANCIAL ACCOUNTING	  			
			
	 4.1
	 	Capital Accounts	  	 	17	 
	 4.2
	 	Financial Reporting	  	 	17	 
	 4.3
	 	Characterization of the Company U.S	  	 	18	 
	 4.4
	 	[INTENTIONALLY OMITTED]	  	 	18	 
	 4.5
	 	Supervision; Inspection of Books	  	 	18	 
	 4.6
	 	Annual Reports	  	 	19	 
	 4.7
	 	Tax Matters and Elections	  	 	19	 
	 4.8
	 	Accounting for Distributions	  	 	20	 
			
		 	ARTICLE V DISTRIBUTIONS	  			
			
	 5.1
	 	Distributions in General	  	 	20	 
	 5.2
	 	Valuation	  	 	22	 
	 5.3
	 	Insolvency	  	 	22	 
	 5.4
	 	Withholding and Company Taxes	  	 	22	 
	 5.5
	 	Balancing Distributions	  	 	23	 
	 5.6
	 	Modifications to Distributions	  	 	24	 
			
		 	ARTICLE VI MANAGEMENT AND RESTRICTIONS	  			
			
	 6.1
	 	Board of Directors	  	 	24	 
	 6.2
	 	Rights and Powers of the Board of Directors	  	 	25	 
	 6.3
	 	Removal from the Board of Directors	  	 	27	 
	 6.4
	 	IPO	  	 	28	 
	 6.5
	 	[INTENTIONALLY OMITTED]	  	 	29	 
	 6.6
	 	Members	  	 	30	 
	 6.7
	 	Interest and Capital Withdrawals	  	 	30	 

  
 i 

							
	 6.8
	 	Permitted Goldman Sachs Activities	  	 	30	 
	 6.9
	 	[INTENTIONALLY OMITTED]	  	 	30	 
	 6.10
	 	Additional Investments by Members	  	 	30	 
	 6.11
	 	Standard of Care; Indemnification Obligations	  	 	30	 
	 6.12
	 	[INTENTIONALLY OMITTED]	  	 	33	 
			
		 	ARTICLE VII LIABILITY OF MEMBERS	  			
		
	ARTICLE VIII TRANSFER OF LIMITED LIABILITY COMPANY INTERESTS	  			
			
	 8.1
	 	Restrictions on Transfer	  	 	33	 
	 8.2
	 	Expenses of Transfer	  	 	34	 
	 8.3
	 	Indemnification by Transferor	  	 	35	 
	 8.4
	 	Responsibility for Commitments	  	 	35	 
	 8.5
	 	Recognition of Transfer	  	 	35	 
	 8.6
	 	Status of Transferor	  	 	36	 
	 8.7
	 	Transfers by Assignee	  	 	36	 
	 8.8
	 	Substituted Members	  	 	36	 
	 8.9
	 	Conditions of Admission	  	 	36	 
	 8.10
	 	Rights Prior to Admission	  	 	36	 
			
		 	ARTICLE IX WITHDRAWAL, DEATH, INCOMPETENCY	  			
			
	 9.1
	 	Withdrawal of Members	  	 	36	 
	 9.2
	 	Economic and Other Sanctions	  	 	38	 
	 9.3
	 	Effect of Death, Etc	  	 	38	 
			
		 	ARTICLE X DISSOLUTION; PROCEDURE ON DISSOLUTION	  			
			
	 10.1
	 	Dissolution	  	 	39	 
	 10.2
	 	Dissolution Procedures	  	 	39	 
			
		 	ARTICLE XI MISCELLANEOUS	  			
			
	 11.1
	 	Amendment	  	 	40	 
	 11.2
	 	Investment Representations	  	 	41	 
	 11.3
	 	FCC Representations and Covenants	  	 	42	 
	 11.4
	 	Power of Attorney	  	 	43	 
	 11.5
	 	Instruments	  	 	44	 
	 11.6
	 	Successors and Assigns	  	 	44	 
	 11.7
	 	Governing Law	  	 	44	 
	 11.8
	 	Jurisdiction and Venue; Waiver of Jury Trial	  	 	44	 
	 11.9
	 	Gender, Etc	  	 	45	 
	 11.10
	 	No Partition	  	 	45	 
	 11.11
	 	Notices	  	 	45	 
	 11.12
	 	Counterparts	  	 	45	 
	 11.13
	 	Headings	  	 	45	 
	 11.14
	 	Confidentiality	  	 	45	 
	 11.15
	 	Side Letters	  	 	48	 
	11.16	 	[INTENTIONALLY OMITTED]	  	 	49	 
	 11.17
	 	Grantors of Revocable Trusts	  	 	49	 
	 11.18
	 	Financing	  	 	49	 

  
 ii 

							
	 11.19
	 	[INTENTIONALLY OMITTED]	  	 	49	 
	 11.20
	 	Each Interest in the Company is a Security	  	 	49	 
	 11.21
	 	Voting	  	 	50	 

  
 iii 

 GOLDMAN SACHS RENEWABLE POWER LLC 

A Delaware Limited Liability Company 

SECOND AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT 

THIS SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of Goldman Sachs Renewable Power LLC (the
“Company”) is made and entered into as of __, 2022 (the “Effective Date”), by and among Goldman Sachs RP Holdings LLC (the “GS Member”) and the Persons who have subscribed hereto as Members. This
Agreement shall constitute the “limited liability company agreement” of the Company, as defined in the Delaware Limited Liability Company Act (6 Del. C. §18-101, et seq.), as amended from time
to time (the “Delaware Act” or the “Act”). 
 WHEREAS, the Company was formed pursuant to the filing of a
Certificate of Formation of the Company dated and filed on September 19, 2017 (as amended from time to time, the “Certificate of Formation”), in accordance with the Delaware Act; 

WHEREAS, the Company and the Members entered into an amended and restated limited liability company agreement, dated February 9, 2018 (as
amended prior to the date hereof, the “Amended and Restated Agreement”); 
 WHEREAS, the Company and the Members entered
into Amendment No. 1 to the Amended and Restated Agreement, dated November 7, 2018, and Amendment No. 2 to the Amendment and Restated Agreement, dated February 2019, to reflect certain amendments to the Amended and Restated Agreement;
and 
 WHEREAS, in connection with the transactions contemplated by the Internalization Agreement dated as of May 18, 2022 (the
“Internalization Agreement”) by and among MN8 Energy, Inc. (“GSRP Holdings”), the Company, the Operating Company, Goldman Sachs Asset Management, L.P. (“GSAM”), GSAM Holdings LLC and the Special
Interest Holder, the Company and the Members desire to entire into this Agreement to amend and restate the Amended and Restated Agreement in its entirety and to operate the Company in the manner set forth herein. 

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

GENERAL PROVISIONS 

1.1 Name. The name of the Company is Goldman Sachs Renewable Power LLC, or such other name or names as the Company may
from time to time designate. 

 1.2 Principal Office. The principal office of the Company shall be at
such location as the Company may from time to time determine in its discretion. The business of the Company, or any part thereof, may, however, be conducted elsewhere. 

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

1.5 Register. The names of the Members and the amounts of their respective Capital Commitments shall be set forth in a
register, which shall be filed with the records of the Company and which may be amended from time to time by or on behalf of the Board of Directors in accordance with the provisions of this Agreement. 

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

  
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 For purposes of this Agreement, the following terms shall have the respective meanings set
forth below: 
 1.6.1 “Act” or “Delaware Act” means the Delaware Limited Liability
Company Act (6 Del. C. §18-101, et seq.), as from time to time amended. 
 1.6.2
“Additional Acquisition” is defined in Section 3.1.5. 
 1.6.3
“Additional Amount” is defined in Section 3.3.4. 
 1.6.4
“Affiliate” of any Person means any Person that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such Person. The term “control” means:
(i) the legal or beneficial ownership of securities representing a majority of the voting power of any Person or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether by contract or otherwise. 
 1.6.5 “Agreement” means this Second Amended and Restated Limited
Liability Company Agreement as the same may be amended from time to time. 
 1.6.6 “Assignee” is defined in
Section 8.3. 
 1.6.7 “Bad Actor Director” is defined in
Section 6.3.4. 
 1.6.8 “Balancing Distributions” is defined in
Section 5.5. 
 1.6.9 “Bank Holding Company Act” means the U.S. Bank Holding
Company Act of 1956, as the same may be amended from time to time. 
 1.6.10 “Board of Directors” means the
board of directors of the Company. 
 1.6.11 “Business Day” means any day except a Saturday, Sunday or other
day on which commercial banks in New York City are authorized or required by law to close. 
 1.6.12 “Capital
Account” means, with respect to any Member, the individual capital account of such Member maintained in accordance with Section 4.1. 

1.6.13 “Capital Commitment” means, with respect to each Member, the aggregate Capital Contributions which such
Member has agreed to make as set forth in its Subscription Agreement to the extent accepted by the Board of Directors. 
 1.6.14
“Capital Contribution” means, with respect to a Member, that amount of capital actually contributed or deemed to have been contributed by such Member to the Company pursuant to this Agreement. Capital will not be considered
contributed to the Company by a Member until actually received by the Company from such Member; provided, however, that no Capital Contributions will be treated as being received by the Company on any date earlier than the due date for such
contributions. 

  
 3 

 1.6.15 “Capital
Sub-Account” means, with respect to a Member, the Capital Sub-Account established with respect to such Member pursuant to the Operating Company Agreement.

 1.6.16 “Catch-Up Contribution” is defined in
Section 3.3.3. 
 1.6.17 “Certificate of Formation” is defined in the recitals of
this Agreement. 
 1.6.18 “Change of Control” means, in respect of a Person, in one or a series of related
transactions, (i) the sale or transfer of all of the outstanding equity interests of such Person or (ii) the merger or consolidation of such Person with another Person or entity, except that a transaction described in clause (i) or
(ii) above solely involving a Person and one or more wholly owned Subsidiaries or involving two wholly owned Subsidiaries of such Person shall not constitute a Change of Control, provided that the determination of whether a direct or indirect
subsidiary of the GSRP Parties is considered to be wholly-owned will be made without regard to any outstanding tax equity interests and interests in the Operating Company held by the Special Interest Holder. 

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

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

1.6.21 “Company Expenses” is defined in Section Error! Reference source not found.. 

1.6.22 “Confidential Information” is defined in Section 11.14.1. 

1.6.23 “Contributed Capital” means all amounts contributed or deemed contributed to the Company, adjusted as
appropriate for the admission of additional Members or Members increasing their Capital Commitments in accordance with Section 3.3 (including contributions of amounts described in the definition of Recallable Capital, and
excluding recalls of amounts that were distributed as other than a return of Contributed Capital, each as determined by the Board of Directors). Amounts will be treated as being contributed to the Company from the time such contributions are
received by the Company; provided, however, that no Capital Contributions will be treated as being received by the Company on any date earlier than the due date for such contributions. 

1.6.24 “CPLR” is defined in Section 11.8.4. 

1.6.25 “Default Interest” is defined in Section 3.4.2. 

1.6.26 “Default Interest Purchase Price” is defined in Section 3.4.2. 

1.6.27 “Default Price” is defined in Section 3.4.2. 

1.6.28 “DEUCC” is defined in Section 11.20. 

1.6.29 “Director Disapproval Notice” is defined in Section 6.3.1. 

1.6.30 “Director” or “Directors” means each person who serves on the Board of
Directors. 

  
 4 

 1.6.31 “Dodd-Frank Act” means the U.S. Dodd-Frank Wall Street
Reform and Consumer Protection Act, as it may be amended from time to time, and together with the regulations to be promulgated thereunder. 

1.6.32 “Drawdown” is defined in Section 3.1.1. 

1.6.33 “Drawdown Notice” is defined in Section 3.1.1. 

1.6.34 “Effective Date” is defined in the Preamble. 

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

1.6.36 “ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as the same may be amended from
time to time. 
 1.6.37 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

1.6.38 “Exit Event” means (i) an IPO or (ii) a Sale. 

1.6.39 “FATCA” means one or more of the following, as the context requires: 

(i) sections 1471 to 1474 of the Code and any associated legislation, regulations or guidance, commonly referred to as the US
Foreign Account Tax Compliance Act, the Common Reporting Standard issued by the Organisation for Economic Cooperation and Development (OECD), or similar legislation, regulations or guidance enacted in any other jurisdiction which seeks to implement
equivalent tax reporting and/or withholding tax regimes; 
 (ii) any intergovernmental agreement, treaty or any other
arrangement (including between any government bodies in each relevant jurisdiction) entered into to facilitate, implement, comply with or supplement the legislation, regulations or guidance described in paragraph (i); and 

(iii) any legislation, regulations or guidance implemented in the Cayman Islands to give effect to the matters outlined in the
preceding paragraphs. 
 1.6.40 “Final Closing Date” is defined in Section 3.3.2.

 1.6.41 “Funding Account” is defined in Section 3.1.3. 

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

1.6.43 “GSAM” is defined in the recitals of this Agreement. 

1.6.44 “Goldman Sachs Person” is defined in Section 6.8. 

  
 5 

 1.6.45 “GS Affiliated Member” means any Member, in his, her
or its capacity as a Member, which: (i) is The Goldman Sachs Group, Inc. or its Successor; (ii) is any Person the ownership of which is substantially the same as that of The Goldman Sachs Group, Inc. or its Successor; (iii) is a
current or former Goldman Sachs employee or an investment vehicle of such employee, or any Affiliate of GSAM, in each case designated as a GS Affiliated Member from time to time by the Board of Directors; (iv) owns at least 20% of or controls,
directly or indirectly, The Goldman Sachs Group, Inc. or its Successor and is designated as a GS Affiliated Member from time to time by the Board of Directors or (v) is at least 20% owned or controlled, directly or indirectly, by The Goldman
Sachs Group, Inc. or its Successor, by any Person the ownership of which is substantially the same as that of The Goldman Sachs Group, Inc. or its Successor, or by any Person that owns at least 20% of or controls The Goldman Sachs Group, Inc. or its
Successor and in each case is designated as a GS Affiliated Member from time to time by the Board of Directors. 
 1.6.46
“GS Member” is defined in the recitals of this Agreement. 
 1.6.47 “GSRP
Entities” means the Company, the Operating Company and their Subsidiaries.  
 1.6.48
“GSRP Holdings” is defined in the recitals of this Agreement.  
 1.6.49
“GSRP Parties” means the Company and the Operating Company.  
 1.6.50
“Hedging Instruments” means futures, forward, swap, and option contracts or other financial instruments with similar characteristics, including forward foreign currency exchange contracts, currency and interest rate swaps,
exchanges, caps and options. 
 1.6.51 “Incentive Allocation” has the meaning given to it in the Operating
Company Agreement. 
 1.6.52 “Indemnified Person” or “Indemnified Persons” is defined in
Section 6.11.1. 
 1.6.53 “Initial Closing Date” is defined in
Section 3.3.2. 
 1.6.54 “Internalization Agreement” is defined in the recitals of
this Agreement. 
 1.6.55 “Investment Company Act” means the U.S. Investment Company Act of 1940, as the same
may be amended from time to time. 
 1.6.56 “Investment Fund” is defined in
Section 3.4.8. 
 1.6.57 “IPO” means (a) a Traditional IPO, (b) a SPAC
Transaction or (c) a Reverse Merger. 
 1.6.58 “IPO Entity” means GSRP Holdings or any other entity
formed pursuant to a reorganization of the Company and any of its Affiliates for the purpose of effecting an IPO with respect to the equity securities of such IPO Entity that has been approved by the Board of Directors. 

  
 6 

 1.6.59 “Liquidation” means a sale of assets of
the GSRP Entities pursuant to any liquidation, dissolution or winding up of the business of the GSRP Entities pursuant to the second paragraph of Article II. 

1.6.60 “Loss” or “Losses” is defined in Section 6.11.1. 

1.6.61 “Majority in Interest of the Members” means Members and members of the Operating Company whose Capital
Commitments and capital commitments to the Operating Company, respectively, constitute, in the aggregate, a majority of the aggregate Capital Commitments of all Members and capital commitments of all members of the Operating Company, calculated in
accordance with Section 11.21. 
 1.6.62 “Media Company” means any Portfolio Asset
that, directly or indirectly, owns any interest in, controls or operates a broadcast station, cable television system, a wireless or wireline telecommunications business, daily newspaper, any other communications facility or any other activity
regulated by the Federal Communications Commission. 
 1.6.63 “Member” means one of the Members of the
Company listed as a Member in the records of the Company. 
 1.6.64 “Member Loan” is defined in
Section 3.4.3. 
 1.6.65 “Members” means all of those Persons who are members of
the Company. 
 1.6.66 “National Securities Exchange” means any nationally or globally recognized securities
exchange. 
 1.6.67 “OFAC” means the Office of Foreign Assets Control of the U.S. Department of the Treasury.

 1.6.68 “Offering Memorandum” means the confidential offering memorandum of the Company dated December
2017, as amended or supplemented from time to time. 
 1.6.69 “Ongoing GS Investment” is defined in
Section 9.1.3. 
 1.6.70 “Operating Company” means Goldman Sachs Renewable Power
Operating Company LLC, a Delaware limited liability company. 
 1.6.71 “Operating Company Agreement” means
the second amended and restated limited liability company agreement of the Operating Company, as amended or restated from time to time. 

1.6.72 “Other Investment Programs” means additional investment partnerships, pooled investment vehicles, co-investment vehicles, separate accounts, managed accounts, funds-of-one or customized investment programs, including investment funds
having similar investment objectives as the Company, and other entities that have been or are hereafter established by Goldman Sachs. 

  
 7 

 1.6.73 “Person” means any natural person, partnership
(whether general or limited), limited liability company, corporation, trust, estate, association, custodian, nominee or other entity in its own or any representative capacity, in each case, whether domestic or foreign. 

1.6.74 “Portfolio Acquisition Period” is defined in Section 3.1.5. 

1.6.75 “Portfolio Asset” is defined in Section 1.4. 

1.6.76 “Portfolio Distributions” means all distributions other than Balancing Distributions. 

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

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

1.6.79 “Projects” is defined in Section 1.4. 

1.6.80 “Promote” has the meaning given to it in the Operating Company Agreement. 

1.6.81 “Recallable Capital” means, with respect to any Member as of any date, the sum of distributions made or
deemed made to such Member pursuant to Section 5.1 that, in the discretion of the Board of Directors: (i) are required to satisfy any indemnification, reimbursement, contribution or similar obligation of the Company or
the Operating Company (including any obligation resulting from applicable law) or any other expense or obligation of the Company or the Operating Company, including repayment of indebtedness; (ii) are subject to recall or reimbursement from or
recontribution by the Operating Company; (iii) are Balancing Distributions (other than Additional Amounts); or (iv) are returned to such Member without having been allocated by the Operating Company to Portfolio Assets. 

1.6.82 “Reverse Merger” means any transaction or series of related transactions, however structured but
excluding any SPAC Transaction, between one or more of the GSRP Entities and a counterparty whose equity is listed on a National Securities Exchange, and where, as a result of and immediately following closing of such transaction, the equityholders
of the GSRP Parties own a majority of the issued and outstanding equity of the Public Entity. 
 1.6.83
“Sale” means, whether in one transaction or a series of transactions, the consummation of (i) any sale, exchange, transfer or issuance of equity interests, merger, reorganization, or similar transaction, which, directly
or indirectly, results in a Change of Control of the Company or Operating Company or (ii) any sale, exchange or transfer of all or substantially all of the assets of the GSRP Entities (taken as a whole) that does not constitute a Liquidation,
IPO or pre-IPO reorganization pursuant to Section 6.4.1. 
 1.6.84
“Sanctioned Member” means any Member subject to sanctions under any Sanctions Laws and Regulations, for and only for the period of time that such Member is subject to such sanctions. 

  
 8 

 1.6.85 “Sanctions Laws and Regulations” means: (i) any
U.S. sanctions laws and regulations imposed or administered by OFAC and (ii) any other trade, economic, military or other sanctions laws or regulations imposed by the United Nations or any governmental or regulatory authority of the United
States, the European Union, and individual member states of the European Union. 
 1.6.86 “Securities Act”
means the U.S. Securities Act of 1933, as amended. 
 1.6.87 “Shortfall Amount” is defined in
Section 3.1.4. 
 1.6.88 “Side Letter” is defined in
Section 11.15. 
 1.6.89 “SPAC Transaction” means any transaction or series of
related transactions in which a “special purpose acquisition company” or other “blank check” vehicle with common equity listed for trading on a National Securities Exchange and formed for the purpose of acquiring one or more
businesses acquires or merges with or into a GSRP Entity in an initial business combination for such company, including an acquisition of such a vehicle by a GSRP Entity or an acquisition of a GSRP Entity by an entity formed by such a vehicle to act
as a parent successor entity to such vehicle, irrespective of the form of transaction. 
 1.6.90 “Special Interest
Holder” means a member of the Operating Company that holds an interest in the Operating Company that entitles it to receive, if applicable, the distributions in respect of the Incentive Allocation and the Promote. Following a
distribution of the Promote by the Operating Company to the Special Interest Holder pursuant to Section 4.4 of the Operating Company Agreement, there shall no longer be a Special Interest Holder and all rights of the Special Interest Holder
pursuant to this agreement shall be terminated. For the avoidance of doubt, following the exchange or other transfer of the right to the Promote to another Person, the transferring Person shall no longer be the Special Interest Holder and all of the
transferring Person’s rights pursuant to this Agreement shall be terminated. 
 1.6.91 “Sub-Account” means, with respect to a Member, the Sub-Account established with respect to such Member pursuant to the Operating Company Agreement. 

1.6.92 “Subscription Agreement” means the subscription agreement executed by each Member in connection with
such Member’s subscription for an interest in the Company. 
 1.6.93 “Subsequent Closing Date” is
defined in Section 3.3.2. 
 1.6.94 “Subsequent Investor” is defined in
Section 3.3.3. 
 1.6.95 “Substituted Member” is defined in
Section 8.3. 
 1.6.96 “Successor” means, with respect to any specified Person, any
other Person which succeeds to the business of such specified Person substantially and in the entirety. 
 1.6.97 “Tax
Cost” is defined in Section 4.7. 

  
 9 

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

  
 10 

 ARTICLE II 

DURATION 
 The Company
shall be wound up and subsequently dissolved one year after the date by which all of the Operating Company’s Portfolio Assets have been liquidated and the Operating Company’s obligations (including contingent obligations) have terminated;
provided, that the Board of Directors, at any time and in its discretion, with the consent of the Special Interest Holder, but without the consent of any Member, may adopt an amendment to this Agreement (i) that would cause the Company to
automatically dissolve and terminate no later than the fifteenth anniversary of the formation of the Company or (ii) to limit the duration of the Company’s ownership of any Portfolio Asset to a period of 15 years or 10 years, as needed to
comply with applicable law (including the Bank Holding Company Act). 
 In the event that the Company has not consummated an Exit Event by
the fifth anniversary of the end of the Portfolio Acquisition Period, subject to extension for one year at the option of the Board of Directors (in consultation with the Special Interest Holder), the Board of Directors shall seek to liquidate the
Company’s and the Operating Company’s assets in such manner and over such time as it determines to be appropriate as the opportunities to sell such assets on terms that the Board of Directors (in consultation with the Special Interest
Holder) determines to be advantageous to the Company and the Members become available, and following the liquidation of the Company’s and the Operating Company’s assets and the termination of the Company’s and the Operating
Company’s obligations (including contingent obligations), the Company shall be wound up and subsequently dissolved in accordance with applicable law and the terms of this Agreement. The Special Interest Holder shall be entitled to receive the
Promote, which will be calculated with respect to the Special Interest Holder at the level of the Operating Company as set forth in the Operating Company Agreement. 

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

ARTICLE III 

CONTRIBUTIONS TO CAPITAL 

3.1 Capital Contributions. 

3.1.1 At any time and from time to time, the Company may deliver a notice (each a “Drawdown Notice”) to each Member
that a drawdown of capital (a “Drawdown”) is being made with respect to all or a portion of such Member’s Capital Commitment (up to the amount of its Undrawn Commitment). Each Drawdown Notice shall specify the due date and the
amount of the Drawdown and shall be provided at least 5 Business Days prior to the date the amount called is due. Each Member agrees to fund each Drawdown and further agrees that its obligation to fund each Drawdown is absolute and unconditional,
without right of offset, counterclaim or defense, 

  
 11 

 
and that exceptions generally will not be permitted for any reason. The amount of the Drawdown specified in the Drawdown Notice may be applied by the Company for any use permitted under this
Agreement or the Act. Except as set forth in Sections 3.1.7, 3.3.4, 5.4, 8.3, and 9.2.3, a Member is not obligated to fund a Drawdown in excess of such Member’s Undrawn Commitment. 

3.1.2 In general, all Drawdowns in respect of Capital Commitments (except as otherwise provided in this
Section 3.1 and in Section 3.3 and Drawdowns for the Incentive Allocation and the Promote, which may be payable or distributable at different rates with respect to different Members) shall be made
pro rata to all Members in accordance with their Undrawn Commitments. Drawdowns with respect to Recallable Capital (other than Balancing Distributions) shall generally be made to the Members pro rata based upon their respective portions of
distributions that are subject to recall. 
 3.1.3 Each Member shall transfer its Capital Contribution from an account designated by
such Member (“Funding Account”). Payments by a Member of the amount specified in any Drawdown Notice must be made by wiring immediately available funds to the Company or an account designated by the Company not later than the date
specified in the Drawdown Notice. Capital will not be considered contributed to the Company by a Member until actually received by the Company (or the account designated by the Company) from such Member (and in no event earlier than the due date for
such Capital Contributions). 
 3.1.4 Unless otherwise expressly agreed in writing between a Member and the Board of Directors, all
payments contemplated under this Agreement and each such Member’s obligations relating to its ownership of an interest in the Company (including all indemnification obligations) must be satisfied by payment in U.S. dollars. Each Member’s
obligation to pay U.S. dollars to the Company shall not be satisfied by payment in any other currency, whether pursuant to a judgment or otherwise, to the extent that the amount actually received by the Company upon conversion of amounts received in
any other currency to U.S. dollars falls short of the amount of U.S. dollars originally due to the Company (the “Shortfall Amount”). Each Member agrees as a separate obligation and notwithstanding any such judgment, to pay to the
Company on demand any Shortfall Amount. For the avoidance of doubt, no Member shall be liable for any Shortfall Amount due to the Company with respect to any other Member. 

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

  
 12 

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

3.3 Additional Members and Capital Commitments. 

3.3.1 [INTENTIONALLY OMITTED] 

3.3.2 Following the first date on which the Company accepts Capital Commitments to purchase interests in the Company (the
“Initial Closing Date”), the Company may hold subsequent closings (each date on which a subsequent closing is held, a “Subsequent Closing Date”) until the final Subsequent Closing Date, which shall occur no later
than twelve (12) months following the Initial Closing Date (the “Final Closing Date”); provided, that the Board of Directors may extend the Final Closing Date by up to an additional six (6) month period in its
discretion. No revaluation of Company assets shall be made in connection with any such admission or increase, it being the intention to treat all such Members as if admitted with their respective Capital Commitments on the Initial Closing Date,
except to the extent provided in the Sections 3.3.3 and 3.3.4. 
 3.3.3 Any Member admitted to the Company, or
increasing its Capital Commitment, on a Subsequent Closing Date (a “Subsequent Investor”), shall be required to contribute to the Company, at the time called by the Board of Directors in its sole discretion, a percentage of its
Capital Commitment, or the increased amount thereof, as applicable, equal to the sum of the percentage of Capital Commitments that has been funded as of such date by all previously-admitted Members (the
“Catch-Up Contribution”). A Member that increases its Capital Commitment on a Subsequent Closing Date shall be treated as a Subsequent Investor with respect to the increased amount of its
Capital Commitment. The Company, in the discretion of the Board of Directors, may determine to issue Drawdowns for Catch-Up Contributions only at such times as additional capital is required in order to fund
the acquisition of additional Portfolio Assets or to pay or satisfy other expenses or obligations of the Company. The Company generally will issue Drawdowns over time in respect of the Catch-Up Contributions
from Subsequent Investors that were admitted on an earlier Subsequent Closing Date until all Catch-Up Contributions have been made by such Subsequent Investors prior to issuing Drawdowns in respect of Catch-Up Contributions from Subsequent Investors that were admitted on later Subsequent Closing Dates. Notwithstanding the foregoing, the Company may, in the discretion of the Board of Directors, require all Catch-Up Contributions to be made at the time of, or shortly following, the applicable Subsequent Closing Date. 

  
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 3.3.4 In addition to the Catch-Up
Contributions, each Subsequent Investor shall be required to contribute to the Company an additional amount, equal to simple interest, at a floating rate equal to Prime plus two percent per annum, on the amount such Subsequent Member’s Catch-Up Contributions (the “Additional Amount”). Such Additional Amount shall not be treated as a Capital Contribution nor will it reduce or be considered part of the Capital Commitment of any
Member. The Additional Amount shall be calculated from the date that contributions were made by the Members admitted at the Initial Closing Date and will be calculated on the amount of the Subsequent Investor’s
Catch-Up Contribution, less any portion of the Catch-Up Contribution that has been called from the Subsequent Investor and contributed to the Company by the Subsequent
Investor. Subsequent Investors shall pay the Additional Amount that corresponds to each portion of the Catch-Up Contribution at the time such portion of the Catch-Up
Contribution is made by the Subsequent Investor. The Additional Amount shall continue to accrue with respect to any uncontributed portion of a Subsequent Investor’s Catch-Up Contribution until the
Subsequent Investor has contributed such amount following receipt of a Drawdown Notice. 
 3.4 Default by Member. 

3.4.1 The Members agree that prompt payment of a Drawdown and of any amounts required to be paid by the Members under Sections
4.7, 5.4, and 8.3 or otherwise under this Agreement is of the essence, that failure of any Member to make such payment will cause irreparable harm to the Company and the other Members, and that the amount of damages caused by such
harm will be difficult to calculate. The Members acknowledge that failure by a Member promptly to pay a Drawdown (including in connection with a recall of distributions or to satisfy an indemnification obligation) may require non-defaulting Members to contribute additional capital (not to exceed their then Undrawn Commitment) to satisfy such shortfall, may result in the Company’s or the Operating Company’s default in respect of
its obligations, and may reduce the number of Portfolio Assets that Company (through the Operating Company) may acquire, each of which may affect the financial stability of the Company. Accordingly, the Members agree that, except as otherwise
provided in Section 9.2, if a Member shall fail to fund a Drawdown or other required payment to the Company under this Agreement when due within 15 calendar days of the due date set forth in the Drawdown Notice or other
applicable notice, or fails to comply with any term or condition set forth in this Agreement, the Member’s Subscription Agreement, or any other agreement related to a Member’s interest in the Company, such Member shall be in default;
provided, that the Company, in its discretion, may extend the time period before a default occurs. A defaulting Member shall not be entitled to vote on any matter upon which the Members are entitled to vote hereunder, and the Default Interest
in the Company will not be included in calculating the Company interests of the Members entitled to vote on or required to take any action under this Agreement. Upon any such default, the Company, in its discretion, may undertake any one or more of
the options listed below in this Section 3.4. 
 3.4.2 Upon any such default, the Board of Directors will
have the option, but not the obligation, to undertake any one or more of the following options in any particular order or differently with respect to each defaulting Member, subject to applicable law: (i) to cause the Company to acquire all or
part of the interest of the defaulting Member in the Company (the “Default Interest”); (ii) assign the Company’s right to acquire all or part of the Default Interest to its Affiliate; or (iii) sell all or part of the
Default Interest to third parties (including any non-defaulting Member), including through a sale on a qualified matching service, whether or not such 

  
 14 

 
service is administered by Goldman Sachs, or otherwise; provided that the Board of Directors shall have no obligation to offer the Default Interest to any Person. A Transfer of all or part of a
Default Interest, pursuant to clauses (i) and (ii) above, generally will be made at a price equal to the lower of: (a) the fair value of the Default Interest as of the date of default (as reasonably determined in good faith by the
Board of Directors) and (b) the book value of the Default Interest (as reasonably determined by the Board of Directors in accordance with generally accepted accounting principles) as of the end of the fiscal year immediately preceding the
fiscal year in which the default is declared and adjusted for contributions from the defaulting Member and distributions, if any, to the defaulting Member since the end of the fiscal year as of which these values are determined (the “Default
Price”); provided that the Board of Directors may transfer the Default Interest under clauses (i) and (ii) at a price less than the Default Price with the consent of the defaulting Member (the Default Price or such lesser amount, the
“Default Interest Purchase Price”). A transfer of a Default Interest under the circumstances described in clause (iii) of this paragraph generally may be made at (and, for purposes of a transfer of Default Interest under the
circumstances described in clause (iii) of this paragraph, the “Default Interest Purchase Price” will be deemed to be) any price offered by any such third party, including at a price that is a significant discount to the book
value of the Default Interest, and in some cases, solely in exchange for such third party’s assumption of the defaulting member’s Undrawn Commitment. Any Person acquiring all or part of the Default Interest shall be required to assume the
obligation of the defaulting Member to contribute to the Company the appropriate portion of past due Drawdowns (and any amounts past due in respect of any other required payment) and future Capital Contributions related to the Default Interest or
other required payments. Within 30 days of the payment of the Default Interest Purchase Price (or portion thereof if the entire Default Interest is not acquired) to the Company, the defaulting Member will receive an amount equal to 50% of the
Default Interest Purchase Price (or portion thereof). The remainder of the Default Interest Purchase Price (or portion thereof) will be retained by the Company. The Person(s) acquiring all or a portion of the Default Interest shall succeed to all
economic attributes associated with the portion of the Default Interest acquired, including a proportionate share of the Capital Account balance, any unreturned Contributed Capital, and the entire remaining Undrawn Commitment. In addition, the 50%
of the Default Interest Purchase Price retained by the Company shall be treated as an item of income solely for purposes of computing the Members’ respective Capital Account balances and shall be treated as an amount of proceeds realized from a
Portfolio Asset. 
 3.4.3 The Board of Directors may in its discretion, but is not required to, arrange for a full recourse loan with
an expected maturity of 60 days or less, or such longer period in the discretion of the Board of Directors (a “Member Loan”), to any Member who fails to make a timely Capital Contribution or other required payment to the Company,
and the proceeds of such Member Loan will be used to make such contribution or payment. A Member Loan may be secured by the Member’s interest in the Company and the Board of Directors’ right to issue future Drawdown Notices to such Member,
at the discretion of the Board of Directors. The lender shall have full recourse to the Member, and the terms of any Member Loan, including the interest rate, shall be commercially reasonable as determined by the Board of Directors in its
discretion. Each Member hereby irrevocably appoints the Company as its attorney-in-fact to arrange such Member Loans, and to execute and deliver on behalf of such Member
all documents or other instruments related thereto, without prior notice to such Member. Such appointment and power of attorney is coupled with and is intended to secure an interest in property and the obligations of the relevant Member hereunder,
is irrevocable, shall survive the Transfer of the Member’s interest in the Company and 

  
 15 

 
shall survive and shall not be affected by, the subsequent death, disability, incapacity, incompetency, termination, bankruptcy, insolvency or dissolution of the Member, but shall be limited to
the term of the Company determined in accordance with this Agreement. Any Member on behalf of which a Member Loan is made shall remain liable to pay the remainder of its Capital Commitment in the amounts and on the terms specified in this Agreement,
in addition to payment of any amounts owing in respect of any Member Loan. Member Loans will not be made or arranged for any Member to the extent such Member Loans would be prohibited by applicable law, including limitations under the Sarbanes Oxley
Act of 2002 or the Dodd-Frank Act, nor will such loans be made or arranged for Members that are subject to the prohibited transaction rules of ERISA or the Code or for governmental plans that are subject to similar laws, rules or regulations. A
Member Loan will not alter the defaulting Member’s other obligations to the Company, including any obligation to make future Capital Contributions. 

3.4.4 The Board of Directors may require, in its discretion, that the defaulting Member forfeit, without consideration, to the Company
some or all of its interest in the Company (including its interest in future allocations and distributions and some or all of the rights associated with such interest). Subject to applicable law, such forfeiture will not alter such defaulting
Member’s obligations to the Company, including any obligation to fund future Capital Contributions or make other required payments and such Member will continue to retain all such obligations. The Capital Account balance associated with the
portion of the Default Interest shall be forfeited and allocated to the non-defaulting Members pursuant to this Section 3.4 as if it were an item of income. The Board of Directors
will determine appropriate mechanisms for implementing these provisions, including adjustments to the future distributions to Members to take into account any forfeiture described above. 

3.4.5 The Board of Directors may allow a defaulting Member to withdraw from the Company upon such terms and conditions as may be
established by the Board of Directors, which may include, without limitation, the execution of liability releases, payment of legal and administrative expenses and other reasonable fees and the forfeiture of all or a portion of such Member’s
Capital Account. 
 3.4.6 In addition to any obligation described in Section 6.11, in connection with any
default, each Member hereby agrees, if it is a defaulting Member, to indemnify the Company and any of its Affiliates for any and all claims, losses, liabilities or damages (including attorneys’ fees and other related out-of-pocket expenses) suffered or incurred by any such Person as a result of the defaulting Member failing to make a required Capital Contribution or otherwise failing to
comply with the terms of the Subscription Agreement, and the Board of Directors may require the defaulting Member to be responsible for all fees and expenses (unless such requirement is waived by the Board of Directors), including attorneys’
fees and sales commissions, incurred as a result of the default. The Company generally will deduct such fees and expenses from net proceeds paid to the defaulting Member, if any. 

3.4.7 The remedies provided in this Section 3.4 are in addition to and not in limitation of any other right
or remedy of the Company or the Board of Directors provided by law, at equity or under this Agreement, the Subscription Agreement, any client account implementation agreement or any related agreements. 

  
 16 

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

3.5 Admission of Members. In addition to Persons who have been admitted as a Member of the Company prior to the Effective
Date, a Person shall be admitted as a Member of the Company at the time that: (i) a copy of the Subscription Agreement is executed by or on behalf of such Person; (ii) this Agreement or an amendment hereto or a counterpart hereof or
thereof is executed by or on behalf of such Person and by the Company; (iii) the Board of Directors consents to the admission of such Person as a Member; and (iv) such Person is listed as a Member of the Company in the records of the
Company. 
 3.6 Status Under ERISA. The Board of Directors shall use its reasonable best efforts to manage the Company
so that the assets of the Company are not “plan assets” that are subject to Title I of ERISA or Section 975 of the Code (or a comparable law or regulation). 

ARTICLE IV 
 FINANCIAL
ACCOUNTING 
 4.1 Capital Accounts. An individual Capital Account shall be maintained for each of the Members. The
Company’s determinations with regard to such Capital Accounts shall be binding upon all parties. In the event any interest in the Company is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital
Account of the transferor to the extent such Capital Account relates to the transferred interest, except to the extent of any adjustments required by applicable law. The Company’s net income or net loss for any year in respect of the Capital Sub-Account established with respect to a Member in the Operating Company generally will be allocated to such Member, adjusted as the Company determines appropriate so as to take into account (i) any default by
a Member, (ii) any exclusion of a Sanctioned Member, and (ii) the Incentive Allocation or the Promote that are not borne by the Members in proportion to their Capital Commitments. 

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

  
 17 

 4.3 Characterization of the Company U.S. Federal Income Tax
Purposes. The Company shall file an election to be treated, for U.S. federal income tax purposes, as an association taxable as a corporation. 

4.4 [INTENTIONALLY OMITTED] 

4.5 Supervision; Inspection of Books. 

4.5.1 Proper and complete books of account and records of the business of the Company shall be kept under the supervision of the Board
of Directors at the principal office of the Company in New York, New York, or such other place as designated by the Board of Directors. Subject to Section 11.14: (i) this Agreement and all amendments thereto; (ii) the
Certificate of Formation; (iii) all effective waivers of the Company executed by the Members; (iv) capital account statements of the Member requesting such information; and (v) the Company’s audited financial statements, shall be
open to inspection and copying by any Member or, subject to the prior approval of the Board of Directors, such Member’s designated representative, in each case at such Member’s own expense, for any purpose reasonably related to such
Member’s interest as a Member in the Company, upon 20 Business Days’ written notice to the Company, at any time during normal business hours. Any such inspection or copying of the books and records of the Company shall take place at the
principal office of the Company, unless, in the discretion of the Board of Directors, it is impracticable to perform such inspection in such place, in which case the Member requesting such records shall pay the expenses incurred by the Company in
providing another place for such inspection or copying. Subject to and in accordance with the second sentence of Section 11.14.1, Members shall only be entitled to receive the documentation specified in this
Section 4.5, and shall not be entitled, as of right, to receive any other information regarding the state of the business and financial condition of the Company. Any information so obtained or copied shall be kept and
maintained in strictest confidence, and the Board of Directors may require the Member requesting access to the books and records of the Company to execute an affirmation and acknowledgement of the confidentiality provisions of this Agreement. The
Members hereby acknowledge and agree that to the fullest extent permitted by Section 8-305(g) of the Act, as amended, the rights of a Member to obtain information from the Board of Directors and the
Company shall be restricted, in the Board of Directors’ discretion, to only those rights provided for in this Agreement, and that any other rights provided under Section 8-305 of the Act shall not be
available to the Members or applicable to the Company, except as otherwise provided by the Board of Directors. 
 4.5.2 The Company
may charge the Member requesting access to such books and records for the services of the officers, employees and agents of the Company or any of its Affiliates to supervise the inspection and copying of such books and records at a rate of
compensation to be agreed upon by the requesting Member prior to such Member obtaining access to the books and records. Such Member shall also pay for: (i) the reasonable fees and expenses of counsel, accountants and other consultants to the
Company incurred by the Company in connection with responding to and complying with a request for inspection or copying and (ii) all of the costs and expenses relating to such inspection and copying, including the use of information technology
resources, supplies, copy equipment, personnel, and facility resources. The Company shall not be required to provide a copy of any record in any medium that is different from the medium in which the Company normally maintains such record.
Notwithstanding the provisions of this Section 4.5, the Board of Directors may, with respect to the rights set forth herein, adopt additional reasonable standards and limitations with respect to access to Company books and
records. 

  
 18 

 4.6 Annual Reports. The annual financial statements of the Company
shall be audited and reported on as of the end of each fiscal year by a firm of independent certified public accountants selected by the Board of Directors. Such financial statements need not include the name or complete identification of each
acquisition made by the Company. The Company shall use reasonable efforts to transmit a copy of the annual audited financial statements to each Member within 120 days after the end of each fiscal year. Each Member acknowledges that the
Company’s ability to provide Members with such financial reports depends on the information the Company receives directly from the Operating Company and indirectly from the Portfolio Assets and any third-party developers or operating partners
of Portfolio Assets and when the Company receives such information. In addition, the Company may, in its discretion, agree to provide certain Members with additional or different information than that provided to other Members. The audited financial
statements of the Company may not include certain accruals, including accruals for any taxes expected to be borne by entities under its control that are not deemed to be material as determined in the discretion of the Board of Directors and its
independent auditors. The Company generally intends to provide Members with certain annual financial information in order to assist Members in the preparation of their tax returns. The Members acknowledge that the information provided by the Company
to the Members may not be timely, and with respect to any Member that is a non-U.S. person may not be sufficient, for Members to comply with their tax filing obligations. Each Member acknowledges that it shall
be responsible for the preparation and filing of such Member’s own income tax return and that each Member should be prepared to obtain extensions of the filing date for its income tax returns. 

4.7 Tax Matters and Elections. Notwithstanding any implication to the contrary contained herein, the Company shall have
authority to make or refrain from making available tax elections and to choose from all available tax accounting methodologies. Each Member agrees that any action taken by the Company in connection with audits of the Company under applicable tax law
will be binding upon such Member. Each Member further agrees that (i) except when the specific consent of the Company is granted, such Member will not treat any Company item inconsistently on such Member’s individual income tax return with
the treatment of the item on the Company’s tax return and (ii) such Member will not independently act with respect to tax audits or tax litigation affecting the Company, unless previously authorized to do so in writing by the Company,
which authorization may be withheld in the discretion of the Company. The Company may make or refrain from making all elections required or permitted to be made by the Company under applicable tax law. The Company is hereby authorized and empowered
to prepare or have prepared, to execute or have executed and to file, on behalf and in the name of the Company, any returns, applications, elections, agreements, and other instruments or documents, under applicable tax law, which it deems desirable
or advisable. Each Member further agrees that such Member will, upon request by the Company, provide any information or documentation, execute any forms or documents (including a power of attorney or settlement or closing agreement) and take any
further action requested by the Company in connection with any tax matter (including in connection with a tax audit or proceeding) affecting the Company, including as reasonably necessary to effectuate any of the foregoing provisions of this
Section 4.7, including (without limitation) with respect to any forms, documents or information reasonably necessary for the Company to comply with FATCA (or any comparable U.S. state or local, or non-U.S. law), or avoid being subject to withholding tax under any such laws, if applicable. 

  
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 If a Member fails to comply with its obligations under this
Section 4.7 and such failure results in any taxes, penalties, interest and/or any related costs or expenses (a “Tax Cost”), the Company shall, to the extent commercially practicable, cause such Member to
bear the economic burden of such Tax Cost by specially allocating the Tax Cost to such Member and/or withholding the Tax Cost from proceeds otherwise distributable to such Member. In the event that the Company does not withhold such amounts, the
Company may require the Member to reimburse the Company for any such Tax Costs. In addition, the Company shall have full authority to take any steps that it reasonably determines are necessary or appropriate to mitigate the consequences to the
Company, any entity in which the Company holds an equity or debt interest and/or any other Member of such Member’s failure to comply with its obligations under this Section 4.7. 

4.8 Accounting for Distributions. In making the distributions set forth in Article V, a number of accounting
conventions and special rules will be adopted. Capital Contributions used to pay Company Expenses, including expenses associated with acquiring Portfolio Assets, will be treated as Contributed Capital. 

Notwithstanding anything else in this Agreement to the contrary, to the extent that distributions from, or proceeds from the disposition of,
Portfolio Assets by the Operating Company are retained (rather than distributed, subject to recall), the Company will have the authority to adjust distributions to cause each Member to receive, to the extent possible, the same distributions (as
determined without giving effect to the individual tax treatment of any Member) that each such Member would have received had the amounts been distributed and the Members made Capital Contributions in accordance with
Section 3.1 (so that each Member bears its share of the Incentive Allocation or the Promote that are not borne by the Members in proportion to their Capital Commitments, bears amounts attributable to such Member pursuant to
Section 5.4, and bears any other Company Expenses according to such Member’s Capital Commitment, and so that each Member receives an appropriate amount of distributions as contemplated herein, in each case as
determined by the Company). 
 Contributions and/or distributions deemed to occur under this Section 4.8 and
Section 5.4 shall also be deemed to occur for all purposes of this Agreement. 
 Any Member acquiring all or a
portion of the interest of another Member in the Company, pursuant to Section 3.4.2 or otherwise, shall be deemed for all purposes of Article V to have, as a result, increased its Capital Commitment and Available
Commitment (including Recallable Capital) by the portion of the Capital Commitment and Available Commitment (including Recallable Capital) of the transferring Member allocable to such acquired interest. 

ARTICLE V 

DISTRIBUTIONS 
 5.1
Distributions in General. 

  
 20 

 5.1.1 The amount and timing of distributions by the Company shall be in the
discretion of the Board of Directors and its determinations are conclusive and binding upon the Members. Subject to the foregoing, the Company generally shall distribute cash available for distribution after satisfying, or establishing reserves for,
any of the Company’s current or anticipated obligations (including indebtedness, Incentive Allocation, the Promote and any Company Expenses, as well as obligations relating to Portfolio Assets, including Additional Acquisitions). Cash available
for distribution includes distributions from the Operating Company. 
 If a distribution is made to Members prior to the Final Closing Date,
the Board of Directors shall reserve (and not distribute) a portion of the aggregate amount of the distribution for Subsequent Investors that have not yet been admitted to the Company at the time of such distribution, with such reserve to be based
upon the expected aggregate Capital Commitments to the Company immediately following the Final Closing Date. The Company may reserve such amounts by ensuring that future cash will be available from the existing liquidity sources, including but not
limited to the Company’s expected available cash on hand or expected borrowing capacity under a Company credit facility, but shall not be required to book such a reserve as a liability on the Company’s financial statements (unless
otherwise required under U.S. generally accepted accounting principles). In the event of such a distribution and reserved amount, following a Subsequent Investor’s admission to the Company, the Subsequent Investor will receive the benefit of
its proportionate share of the aggregate distribution amounts reserved for Subsequent Investors prior to such Subsequent Investor’s admission (for the avoidance of doubt, without interest) by (i) offsetting the amount of such distribution
against the Catch-Up Contribution or other required payment due to the Company from such Subsequent Investor (provided that if the Catch-Up Contribution is called by the
Company in stages, such distribution will not be credited to the Subsequent Investor until the final portion of the Catch-Up Contribution has been called) or (ii) a cash distribution to such Subsequent
Investor; provided, however, that such offset or cash distribution shall be contingent upon the Subsequent Investor making all Catch-Up Contributions in respect of its Capital Commitment in accordance
with Section 3.3 (and, for the avoidance of doubt, the Subsequent Investor shall also be subject to the default remedies set forth in Section 3.4 for failure to satisfy its obligation to make any
required Catch-Up Contributions). 
 5.1.2 The Company may debit from amounts otherwise
distributable to a Member pursuant to this Section 5.1: (i) all or a portion of any Capital Contribution or other required payment due to the Company from such Member and all or a portion of any Drawdown reasonably expected
to be made to such Member (including in connection with the payment of actual or anticipated Company Expenses and obligations, contingent or otherwise, of the Company); (ii) an amount to satisfy such Member’s allocable portion of any actual or
anticipated obligations (contingent or otherwise) of the Company (including the Incentive Allocation, the Promote and any Company Expenses as well as obligations relating to Portfolio Assets, including Additional Acquisitions); and
(iii) amounts withheld by the Company pursuant to Section 5.4 in respect of taxes allocable to such Member. 

5.1.3 Notwithstanding anything in this Agreement to the contrary, no provision shall limit in any way the Board of Directors’
discretion to maintain reserves to meet potential funding needs or other obligations of the Company. 

  
 21 

 5.1.4 Except as provided in Sections 9.2 and 10.2.3 below,
distributions received by the Company, net of reserves that the Board of Directors deems reasonable, in respect of the Sub-Account established with respect to a Member, will be made to such Member, adjusted as
the Board of Directors determines appropriate (and without double-counting for any corresponding adjustment by the Operating Company) so as to take into account: (i) any default by a Member; (ii) any exclusion of a Sanctioned Member;
(iii) any Incentive Allocation or the Promote that are not borne by the Members in proportion to their Capital Commitments; (iv) the deemed distributions of withholding and other taxes as described in Section 5.4;
and (v) the intention to cause all Members to share in the economic arrangements intended by the provisions of this Agreement based on their relative commitments, regardless of whether they were admitted to the Company on the Initial Closing
Date or a Subsequent Closing Date. 
 5.1.5 For purposes of calculating distributions to the Members, each Member’s share of
Contributed Capital shall be adjusted to reflect the reallocation of any Capital Account balance as described in Section 3.4.4. 

5.2 Valuation. The Board of Directors shall value or oversee the valuation of any asset and investment of the Company in
good faith, based upon available relevant information and according to the Company’s valuation policies and the valuation policies expressly set forth in the Internalization Agreement. The valuations of the Projects shall generally be based
upon cost. In addition, a number of the Company’s or Operating Company’s other investments may be in the form of Energy Project Loans and derivative instruments entered into in connection with the Company’s or Operating Company’s
hedging activities, which may not have readily ascertainable market prices. The fair value of such other investments that are not publicly traded or whose market prices are not readily available shall be determined in good faith by the Board of
Directors under procedures established by the Board of Directors (in consultation with the Special Interest Holder), which may include valuing such instruments at cost. The Board of Directors shall also prepare valuations using sources and/or
proprietary models, depending on the availability of information on the Company’s or Operating Company’s assets and the type of asset being valued, all in accordance with the Company’s valuation procedures. The Board of Directors will
be entitled, but not required, to appoint a third party to make determinations regarding the value of assets. The Board of Directors shall also have the discretion to use other valuation methods that it determines, in its discretion, are fair and
reasonable. 
 5.3 Insolvency. No distribution shall be made that would render the Company insolvent. 

5.4 Withholding and Company Taxes. 

5.4.1 The Company in its discretion may withhold and pay any taxes with respect to any Member, and any such taxes may be withheld from
any distribution otherwise payable to such Member. If no sufficiently large distribution is imminent, the Board of Directors may require the relevant Member promptly to reimburse the Company for the amount of any such tax payable by the Company on
behalf of such Member and, if such tax has already been paid by the Company, interest thereon at a floating rate of interest equal to Prime plus two percent per annum, or such other commercially reasonable rate as determined by the Board of
Directors in its discretion, from the date of such tax payment until but not including the date such amount is reimbursed by such Member. No such reimbursement will be considered a Capital Contribution for purposes of this Agreement, nor shall any
requirement that any such reimbursement be paid be considered a Drawdown. 

  
 22 

 5.4.2 Taxes withheld on amounts directly or indirectly payable to the Company or
subsidiary vehicles and taxes otherwise paid by the Company or subsidiary vehicles shall, except as otherwise provided herein, be treated for purposes of this Agreement as distributed to the appropriate Members and paid by the appropriate Members to
the relevant taxing jurisdiction. The Board of Directors shall have the authority to determine in its discretion whether any such deemed distribution shall be treated as a Portfolio Distribution or as a Balancing Distribution. The Board of Directors
may require the relevant Member promptly to contribute to the Company an amount equal to such Member’s share, as determined in the discretion of the Board of Directors, of any of the taxes described in this
Section 5.4.2. No such contribution will be considered a Capital Contribution for purposes of this Agreement, nor shall any requirement that any such contribution be paid be considered a Drawdown. The amount of any such
contribution shall not be treated as deemed distributed as described above. 
 5.4.3 Each Member hereby agrees to indemnify and hold
harmless the Indemnified Persons and the other Members from and against any liability (including any liability for taxes, penalties, additions to tax, interest or failure to withhold taxes) with respect to income attributable to or distributions or
other payments to such Member, including any Tax Cost with respect to which such Member is required to reimburse the Company pursuant to Section 4.7, as well as such Member’s share, as determined by the Board of
Directors in its discretion, of any liability incurred by subsidiary vehicles. The provisions of this Section 5.4.3 shall survive any termination of this Agreement. Nothing in this Section 5.4.3
shall cause any Member to become liable for any tax liability of any other Member or any other member of the Operating Company. 

5.5 Balancing Distributions. The Company generally will distribute Additional Amounts contributed by Subsequent Investors
to Members admitted on the Initial Closing Date and previously-admitted Subsequent Investors that have fully contributed their Catch-Up Contributions, pro rata in accordance with their respective Capital
Commitments. In addition, the Company may distribute amounts contributed by Subsequent Investors in respect of their Catch-Up Contributions to Members admitted on earlier closing dates pro rata in accordance
with such Members’ Capital Commitments. To the extent the Company distributes to Members admitted on earlier closing dates (i) Additional Amounts and (ii) amounts received from Subsequent Investors in respect of their Catch-Up Contributions, then (x) the portion of such distributions attributable to Additional Amounts shall not otherwise be treated as a distribution to such Member (other than potentially for tax purposes)
and (y) the remainder of such distributions (“Balancing Distributions”) shall be treated as a reimbursement of Capital Contributions previously made by such Member as of the day such Capital Contributions were made and will
increase such Member’s Undrawn Commitments. Balancing Distributions, if made, generally will be made in accordance with the Members’ respective Capital Commitments measured immediately prior to the admission of additional Members (or
increased Capital Commitments) that gives rise to the Balancing Distributions. 

  
 23 

 5.6 Modifications to Distributions. Adjustments may be made to Capital
Accounts, Undrawn Commitments, and/or distributions, as the Board of Directors determines appropriate, in its sole discretion, in order to reflect that certain Members are not subject to the Incentive Allocation or the Promote or are subject to a
reduced Incentive Allocation or Promote and in connection with any defaults by Members, or otherwise in order to give effect to the economic intent of the provisions of this Agreement and the Operating Company Agreement. 

ARTICLE VI 
 MANAGEMENT
AND RESTRICTIONS 
 6.1 Board of Directors. 

6.1.1 The Company has established the Board of Directors, which shall have the right to manage, control and conduct the business of the
Company and make all decisions affecting the Company and its policies and management, subject to the Board of Directors’ right to delegate certain of its responsibilities as set forth in Section 6.2. 

6.1.2 Prior to an IPO, the Board of Directors shall consist of no less than three members (the “Directors”). Each
Director shall serve until the earliest of (a) the date of his or her resignation, removal, death, disability, incapacity or incompetency, (b) the date on which such Director is otherwise no longer able to continue in his or her duties as
Director, and (c) in anticipation of an IPO, the date on which the Board of Directors, in its sole discretion, without the approval of the Members, determines to appoint the directors of the board of directors that will govern the Company
following the IPO. 
 6.1.3 The Board of Directors shall act with respect to all matters (whether to approve any decision or to
exercise any other right (or to grant any consent or approval) accorded to the Board of Directors hereunder) by the affirmative vote of a majority of the Directors then in office. Each Director shall have one (1) vote on all matters that arise
before the Board of Directors. Participation of a Director at a meeting through the use of conference telephone or similar communications equipment shall constitute presence at the meeting for all purposes, provided that all of the Directors
participating in such meeting can communicate with each other. Actions taken or approved by the Board of Directors at a meeting will be evidenced by a written resolution. 

6.1.4 At all meetings of the Board of Directors, a majority of the Directors then in office shall constitute a quorum for the
transaction of business. If a quorum shall not be present at any meeting of the Board of Directors, the Directors then in office present at such meeting may adjourn the meeting from time to time, without notice other than announcement at the
meeting, until a quorum shall be present. 
 6.1.5 Any action required or permitted to be taken at a meeting of the Board of
Directors may be taken without a meeting if a written consent setting forth the action so taken is signed by a majority of the Directors then in office. Such consent may be in one instrument or in several instruments, and shall have the same force
and effect as a vote of the Directors then in office at a duly held meeting. An action so taken shall be deemed to have been taken at a meeting duly held on the effective date so certified. 

  
 24 

 6.1.6 The signature of any one Director shall be sufficient for purposes of executing
on behalf of the Board of Directors any agreements, undertakings, obligations, certificates, instruments and other documents requiring execution by the Board of Directors. 

6.1.7 The Board of Directors may establish in the future one or more committees, including an audit committee, governance and
nominating committee, compliance committee, and contract review committee. 
 6.1.8 Upon the recommendation by the Board of Directors
that the Company pursue an IPO, then in anticipation of such IPO, the Board of Directors, may in its sole discretion, without the approval of the Members, appoint the directors of the board that will govern the Company following the IPO. 

6.1.9 Except as authorized by the Board of Directors, or as expressly set forth in this Agreement, the Members shall have no part in
the management of the Company, and shall have no authority or right to act on behalf of the Company in connection with any matter. 

6.2 Rights and Powers of the Board of Directors. 

6.2.1 Except as otherwise provided herein or by applicable law, the Board of Directors shall have the power and authority, without the
consent of the Members, and whether carried out (a) directly by the Company, (b) indirectly through one or more wholly or partially owned subsidiaries of the Company or (c) on behalf, and in the name, of the Company, to take any
action or make any decisions on behalf of the Company, to carry out any and all of the objectives and purposes of the Company set forth in Section 1.4 and to perform all acts and enter into and perform all contracts and
other undertakings which it may deem necessary or advisable or incidental thereto, including to: 
 (i) identify, acquire
(directly or indirectly), hold, manage, own, sell, transfer, convey, assign, exchange, distribute or otherwise dispose of any Portfolio Asset or other asset of the Company; 

(ii) make acquisitions and incur leverage through one or more partnerships or other entities, the sole or majority beneficial
interest holders in which is the Company, and to grant security interests, assign and/or pledge the Company’s assets, including Undrawn Commitments of the Members, to such entities in order to secure borrowings or leverage; 

(iii) (a) borrow money or obtain other extensions of credit to acquire, directly or indirectly, new assets (including prior to
the Initial Closing Date or the Final Closing Date) and for other Company activities (including borrowing pending Drawdowns, obtaining bridge financing for acquisitions made in advance of the Drawdowns relating to such acquisitions, facilitating the
Company’s hedging activities and meeting drawdowns by the Operating Company); (b) leverage existing assets to permit distributions or additional acquisitions; (c) mortgage, charge, pledge, assign or otherwise grant a security interest in
or over the assets of the Company (including, Undrawn Commitments, Capital Contributions, Portfolio Distributions and Portfolio Assets); (d) assign or pledge the Board of Directors’ right to make Drawdowns and to exercise any remedies in order
to enforce the Members’ funding obligations in accordance with this Agreement; and (e) guarantee, indemnify or otherwise secure the obligations of the Operating Company, the Portfolio Assets and/or investment vehicles or other Affiliates
of the Company as set forth in Section 11.18; 

  
 25 

 (iv) enter into, and take any action under, any contract, agreement or other
instrument as the Board of Directors shall determine to be necessary or desirable to further the purposes of the Company, including granting or refraining from granting any waivers, consents and approvals with respect to any of the foregoing and any
matters incident thereto; 
 (v) employ, and terminate the employment of, on behalf and at the expense of the Company, any
and all financial advisers, underwriters, attorneys, accountants, consultants, appraisers, custodians of the assets of the Company or other agents (who may be designated as officers of the Company), including Goldman Sachs, on such commercially
reasonable terms and for such reasonable compensation as the Board of Directors may determine; 
 (vi) make all elections,
investigations, evaluations and decisions, binding the Company thereby, that may be necessary or desirable for the acquisition, management, or disposition of Portfolio Assets and other assets of the Company; 

(vii) enter into, consent to and perform any cross transaction in which Goldman Sachs acts for both the Company and a party on
the other side of the transaction, including circumstances where Goldman Sachs acts as a broker for both the Company and a party on the other side of the transaction, and enter into, consent to and perform any principal transactions in which the
Company purchases property (including securities) from or sells property (including securities) to Goldman Sachs; 
 (viii)
bring and defend actions and proceedings at law or equity and before any governmental, administrative or other regulatory agency, body or commission; 

(ix) open accounts with banks, brokerage firms or other financial institutions (including Goldman Sachs-affiliated banks),
deposit, maintain and withdraw funds in the name of the Company and draw checks or other orders for the payment of moneys; 

(x) make distributions to Members in cash or (to the extent permitted hereunder) otherwise; 

(xi) reduce the risk or protect the value of the Company’s Portfolio Assets through entering into Hedging Instruments and
engage in hedging transactions and strategies, including in connection with interest rate hedging, credit risk hedging, currency hedging, energy price hedging and renewable energy credits price hedging; 

(xii) engage in derivative transactions for non-speculative purposes (including, for
avoidance of doubt, for hedging purposes), including forward contracts and option and swap transactions; 

  
 26 

 (xiii) prepare (or have prepared), execute (or have executed) and file all
necessary returns, applications, elections or other documents, instruments or statements, pay all taxes, assessments and other impositions applicable to the assets of the Company and withhold amounts with respect thereto from funds otherwise
distributable to any Member; 
 (xiv) determine the accounting methods and conventions to be used in the preparation of any
accounting or financial records of the Company; 
 (xv) receive fees in respect of commitments made to Portfolio Assets; and

 (xvi) take all actions necessary to, in connection with, or incidental to, any of the foregoing. 

6.2.2 The Board of Directors shall have the power and authority to delegate to one or more Persons, including to any officer, employee,
Affiliate or agent of the Company, the Board of Directors’ rights and power to manage and control the business and affairs of the Company; provided however that, except as contemplated by Section 6.2.3, no such
delegation to an Affiliate of Goldman Sachs shall be permitted without the prior written consent of GSAM. Furthermore, the Board of Directors, by written instrument signed by it, shall have the power to appoint one or more officers to act for the
Company with such title as the Board of Directors deems appropriate and to delegate to such officer(s), to the extent permitted by the Delaware Act, such of the powers and authorities as are held by the Board of Directors or as are granted to the
Board of Directors hereunder as the Board of Directors may determine. The Persons so appointed may include Persons holding titles such as Chair, Chief Executive Officer, President, Vice President, Chief Operating Officer, Chief Financial Officer,
Treasurer or Controller. Unless the authority of the Person designated as the officer in question is limited in the document appointing such officer, any officer so appointed shall have at least the same authority to act for the Company as is
customary for a corresponding officer of a Delaware corporation to have to act for a Delaware corporation in the absence of a specific delegation of authority. The Board of Directors, by written instrument signed by it, may, in the sole discretion
of the entity so acting, ratify any act previously taken on behalf of the Company by any Person appointed as an officer. 
 6.2.3
[INTENTIONALLY OMITTED] 
 6.2.4 Each of the Members agrees that all determinations, decisions, and actions made or taken by
the Board of Directors in good faith and in accordance with this Agreement shall be conclusive and absolutely binding upon the Company, the Members, and their respective Successors, assigns, and personal representatives. 

6.3 Removal from the Board of Directors. 

6.3.1 On the Initial Closing Date, each Member was treated as casting a vote to ratify and require the appointment of each of the
Directors on or prior to the Initial Closing Date, unless such Member notified the Company by written notice contained in the Subscription Agreement, or delivered concurrently therewith (a “Director Disapproval Notice”), that it was
withholding or withdrawing its vote to approve the appointment of one or more of the Directors. 

  
 27 

 6.3.2 Any Subsequent Investor shall be treated as casting a vote to ratify and
require the re-appointment of each of the then-sitting Directors unless such Member has delivered a Director Disapproval Notice. In the event that a Majority in Interest of the Members (excluding GS Affiliated
Members, if any, and interests held by defaulting Members) deliver Director Disapproval Notices in respect of one or more Director(s) after the Initial Closing Date, the remaining Directors shall procure that (a) such Director(s) will cease to
serve on the Board of Directors, and (b) the Board of Directors shall appoint a replacement Director to serve on the Board of Directors in respect of such vacancy. 

6.3.3 The Board of Directors shall not be required to seek approval of the Members regarding the appointment of any replacement
Director(s). 
 6.3.4 Upon the Company or a Director being notified of or otherwise becoming aware of any matter with respect to a
Director (a “Bad Actor Director”) that triggers disqualification under Rule 506(d) of the Securities Act, the other Directors shall have the power and authority to remove the Bad Actor Director immediately. 

6.4 IPO. 

6.4.1 The Board of Directors shall have the power to pursue and effect an IPO in any manner or jurisdiction it determines. In
connection with an IPO, the Board of Directors shall have the right, on behalf of the Company, without the consent of the Members, to: 

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

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

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

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

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

(6) convert the interests of the Members into, or exchange such interests for, interests in an IPO Entity in connection with
any IPO in a manner that gives effect to the proportionate ownership percentages of the investors in the Company as determined in the Board of Director’s sole discretion; 

(7) modify or amend the terms of this Agreement or any other governing documents of the Company to establish the mechanism for
the appointment of directors that will govern the Company after the IPO; 

  
 28 

 (8) modify or amend this Agreement or any other governing documents of the
Company to effectuate the foregoing; 
 (9) modify the terms of this Agreement or any other governing documents of the
Company to include provisions that limit the ability of other entities or persons to acquire control of the Company or provide investors in the Company with liquidity, which may include provisions establishing a staggered board or a requirement for
advance notice for proposals by holders of interests in the Company and nominations, or limitations on convening meetings of holders of interests in the Company or the authorization of the issuance of preferred interests that could be issued by the
Board of Directors to impede a takeover attempt; 
 (10) modify the terms of this Agreement or any other governing documents
of the Company to include provisions that, after consultation with the underwriters in any such IPO, are customary or appropriate, as determined in the Board of Directors’ sole discretion; and 

(11) take any other action which the Board of Directors, in its sole discretion, deems reasonable or appropriate. 

6.4.2 The Members acknowledge and agree that the Board of Directors shall determine, in its sole discretion, the terms that will govern
the Company in connection with, and following, an IPO and may amend such terms without consent from the Members. 
 6.5 [INTENTIONALLY
OMITTED] 
 6.5.1 [INTENTIONALLY OMITTED] 

6.5.2 [INTENTIONALLY OMITTED] 

6.5.3 In addition to Company Expenses, the Company shall also directly or indirectly bear its allocable share of the organizational and
operating expenses of the entities through which the Company acquires or holds Portfolio Assets, including costs and expenses similar to the types of expenses that constitute Company Expenses and expenses relating to the acquisition, holding,
operation and disposition of such Portfolio Assets. 
 6.5.4 [INTENTIONALLY OMITTED] 

6.5.5 [INTENTIONALLY OMITTED] 

6.5.6 [INTENTIONALLY OMITTED] 

6.5.7 [INTENTIONALLY OMITTED] 

6.5.8 [INTENTIONALLY OMITTED] 

6.5.9 [INTENTIONALLY OMITTED] 

  
 29 

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

6.7 Interest and Capital Withdrawals. 

6.7.1 Except as otherwise expressly provided herein, no interest shall be paid to any Member on account of such Member’s Capital
Contributions. 
 6.7.2 No Member shall have the right to withdraw any amount, redeem its interest, receive distributions or demand
distributions from the Company, except as otherwise expressly provided herein. 
 6.8 Permitted Goldman Sachs
Activities. Subject to applicable law, nothing contained herein shall preclude, restrict or limit in any way the activities of Goldman Sachs or any partner, director, officer or employee of Goldman Sachs (each, a “Goldman Sachs
Person”), including: (i) from investing in Portfolio Assets or other principal investments for its own account or the account of Other Investment Programs (including investment funds or vehicles managed by Goldman Sachs) or third
parties; (ii) from engaging in transactions in connection with a decision by Goldman Sachs to enter into a new strategic business or businesses, including principal investments in financial services companies; (iii) from receiving fees or
other compensation of any kind from any activity, including activities in which the interests of the Company may be different from or adverse to the interests of Goldman Sachs or third parties; and (iv) from forming Other Investment Programs.

 6.9 [INTENTIONALLY OMITTED] 

6.10 Additional Investments by Members. 

6.10.1 The Members agree that the Board of Directors may (but shall not be obligated to) offer to one or more Members and other
Persons, subject to the provisions of this Article VI, each in its individual capacity, the opportunity to invest alongside the Company or the Operating Company in a Portfolio Asset or to purchase a Portfolio Asset from the Company or the
Operating Company. No Member shall have any right to participate in any such opportunity, or have any interest therein, by virtue of this Agreement or the partnership relation created hereby. Such investment opportunities, if offered, may or may not
be in proportion to the Capital Commitments of the Members and may involve different terms and fee structures, as determined by the Board of Directors. 

6.10.2 The Members shall not be obligated to refer potential acquisitions to the Company and shall not be restricted in any investments
they make. No Member shall be obligated to do or perform any act in connection with the business activity of the Company not expressly set forth in this Agreement. 

6.11 Standard of Care; Indemnification Obligations. 

  
 30 

 6.11.1 (i) To the fullest extent permitted by law, none of the Company, the Operating
Company and any Director, officer, employee, agent, representative, or controlling person of the Company (if any) (each, an “Indemnified Person” and, collectively, the “Indemnified Persons”) shall be liable to the
Company or to any Members for: (a) for any act or omission performed or omitted by it or any other Indemnified Person or any losses therefrom (any such loss a “Loss” and collectively, “Losses”), in the absence
of gross negligence, willful misfeasance, or bad faith on the part of such Indemnified Person; (b) any tax liability (including any interest or penalties thereon) imposed on any Member or borne directly or indirectly by the Company (other than,
where applicable, the proportionate share of any such tax liability borne by an Indemnified Person in its capacity as a Member); or (c) any Losses due to any act or omission performed or omitted by agents of the Company (or their respective
employees). 
 (ii) To the fullest extent permitted by law, the Company shall indemnify (and advance funds pursuant to clause (iii)
below to cover) any Indemnified Person, jointly and severally, for any Losses to which such Indemnified Person may become subject in connection with: (a) any matter arising out of or in connection with the Company’s business or affairs
(including any Losses arising out of or in connection with the Company’s indemnification, contribution, reimbursement or similar obligations to any of its assets or to any director, manager, officer, employee, partner, agent, or any other
similar Person or entity of any such asset), except, with respect to any Indemnified Person, to the extent that any such Loss results solely from the gross negligence, willful misfeasance or bad faith of such Indemnified Person; (b) any tax
liability imposed on the Company, any subsidiary of the Company or other entity in which the Company invests, directly or indirectly, or any Member (in excess of such Indemnified Person’s proportionate share of any such tax liability as a
Member); or (c) any act or omission performed by or omitted by brokers or other agents of the Company or their respective employees (unless such employee, broker or agent is an Indemnified Person, in which case clause (i) of this sentence
would apply, as applicable) as long as such Persons were selected with reasonable care. 
 (iii) In the event that any Indemnified Person
becomes involved in any capacity in any action, proceeding or investigation brought by or against any Person (including any Member) in connection with any matter arising out of or in connection with the Company’s business or affairs (including
a breach by any Member of this Agreement or the Member’s Subscription Agreement), the Company will periodically reimburse such Indemnified Person for its legal and other expenses (including the cost of any investigation and preparation)
incurred in connection therewith; provided, that such Indemnified Person shall promptly repay to the Company the amount of any such reimbursed expenses paid to it if it shall ultimately be determined, by a court having appropriate jurisdiction in a
decision that is not subject to appeal, that such Indemnified Person is not entitled to be indemnified by the Company in connection with such action, proceeding or investigation as provided in this clause (iii). 

(iv) If for any reason (other than the gross negligence, willful misfeasance or bad faith of such Indemnified Person) the foregoing
indemnification, reimbursement or advance is unavailable to such Indemnified Person, or is insufficient to hold either harmless, then the Company shall contribute to the amount paid or payable by such Indemnified Person as a result of such Loss in
such proportion as is appropriate to reflect not only the relative benefits received by the Company on the one hand and such Indemnified Person on the other hand but also the relative fault of the Company and such Indemnified Person, as well as any
relevant equitable considerations. 

  
 31 

 (v) For the avoidance of doubt and not in limitation of the foregoing, the amount of each
Member’s Undrawn Commitment (including the portion thereof attributable to Recallable Capital) may be called in order to satisfy any indemnification, reimbursement, contribution or similar obligation the Company may have, including any
obligation resulting from applicable law. A failure to make any payments required under this Section 6.11.1 shall be a default by the Member and thus subject to the provisions of Section 3.4
governing defaults; provided, however, that the provisions of Section 3.4 shall not be the sole remedy of the Company in the event of a failure to make any payments required under this
Section 6.11.1. 
 6.11.2 The reimbursement, indemnity and contribution obligations of the Company under
this Section 6.11 shall be in addition to any liability which the Company may otherwise have, shall extend upon the same terms and conditions to the officers, directors, partners, managing directors, stockholders, members,
other equity holders, employees and controlling Persons (if any) of each Indemnified Person and shall be binding upon and inure to the benefit of any Successors, assigns, heirs and personal representatives of any Indemnified Persons. 

6.11.3 The reimbursement, indemnity and contribution obligations provided by this Section 6.11 shall not be
deemed to be exclusive of any other rights to which any Indemnified Person may be entitled under any agreement, as a matter of law or otherwise, both as to action in a Indemnified Person’s official capacity and to action in another capacity,
and shall continue as to a Indemnified Person who shall have ceased to have an official capacity for acts or omissions during such official capacity (or otherwise when acting at the request of the Board of Directors) and shall inure to the benefit
of any Successors, assigns, heirs and personal representatives of any Indemnified Persons. 
 6.11.4 The Company shall have power to
purchase and maintain reasonable insurance on behalf of the Board of Directors and the other Indemnified Persons at the expense of the Company, against any liability that may be asserted against or incurred by them in any such capacity or arising
out of the Board of Directors’ or such Indemnified Person’s status as such, whether or not the Company would have the power to indemnify the Indemnified Persons against such liability under the provisions of this Agreement. 

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

6.11.6 Each Indemnified Person shall be entitled, to the fullest extent of the law, to rely in good faith upon any and all sources
enumerated in Section 8-406 of the Act, and any act or omission taken or suffered by such Indemnified Person in reasonable reliance on such source or sources shall in no event subject the Indemnified
Person to liability to the Company or to any Member or to any other Person. All Members hereby acknowledge and agree that each Indemnified Person is entitled to the same right of reliance and protection from liability as the Board of Directors. 

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

  
 32 

 6.11.8 The Board of Directors is specifically authorized and empowered, for and on
behalf of the Company, to enter into any agreement or undertaking with any Indemnified Person not itself a party to this Agreement that the Board of Directors considers to be necessary or advisable to give full effect to the foregoing
indemnification provisions of this Agreement. 
 6.11.9 The foregoing provisions of this Section 6.11 shall
survive any termination of this Agreement. 
 6.12 [INTENTIONALLY OMITTED] 

ARTICLE VII 
 LIABILITY
OF MEMBERS 
 In no event (other than as provided in Sections 3.1, 3.3, 4.7, 5.4, 8.3 and 9.3)
shall any Member (or former Member) have any personal liability for the repayment and discharge of the debts and obligations of the Company, in each case, except to the extent provided by the Act. The obligations of the Members as provided in
Sections 3.1, 3.3, 4.7, 5.4, 8.3 and 9.3 are conditional obligations and are payable only to the extent, and only in such amount, as provided for in this Agreement. 

ARTICLE VIII 
 TRANSFER
OF LIMITED LIABILITY COMPANY INTERESTS 
 8.1 Restrictions on Transfer. 

8.1.1 No Member shall directly or indirectly transfer, sell, encumber, mortgage, hypothecate, assign or otherwise dispose of or grant a
security interest over or in relation to, voluntarily or involuntarily, all or any portion of its interest in the Company (each, a “Transfer”) without: (i) the prior written consent of the Company, which may be granted or
withheld in its discretion, with or without cause and (ii) the receipt by the Board of Directors (unless such requirement is waived by the Board of Directors) not less than 10 Business Days prior to the date of any proposed Transfer of a
written opinion of counsel reasonably acceptable to the Board of Directors (who may be counsel for the Company), satisfactory in form and substance to the Board of Directors, to the effect that such Transfer would not result in: (a) the assets
of the Company being treated as “plan assets” that are subject to Title I of ERISA or Section 975 of the Code (or a comparable law or regulation); (b) requiring registration of the interest under, or a violation of, the Securities Act
or any “Blue Sky” laws or other securities laws of any state of the United States or any other jurisdiction applicable to the Company or the interest in the Company to be transferred; (c) the Company becoming an “investment
company” under the Investment Company Act (or, if applicable, failing to qualify for the relevant exemption from registration under the Investment Company Act) or (d) any adverse tax consequences to the Company (or Members generally). Such
opinion of counsel shall also cover such other matters as the Board of Directors may reasonably request. All transferees must also be “qualified purchasers” as defined for purposes of Section (c)(7) of the Investment Company Act and must
be “accredited investors” as defined for purposes of Regulation D of the Securities Act or non-U.S. Persons in accordance with Regulation S of the Securities Act. 

  
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 8.1.2 Notwithstanding the foregoing provisions of this
Section 8.1: (i) no Transfer of all or any portion of a Member’s interest in the Company may be made at any time there remains owing any amount in respect of any Member Loan made pursuant to
Section 3.4 relating to such interest and (ii) the Board of Directors may prohibit any Transfer that in its judgment may result in: (a) the assets of the Company being treated as “plan assets”
that are subject to Title I of ERISA or Section 975 of the Code (or a comparable law or regulation); (b) the Company becoming an “investment company” under the Investment Company Act (or, if applicable, failing to qualify for the
relevant exemption from registration provided by the Investment Company Act); (c) an increase in the number of record holders of the Company (as determined pursuant to Rule 12g5-1 promulgated under the
Exchange Act); or (d) a risk that the Company may become subject to the registration requirements of the Exchange Act. 
 8.1.3
Without limiting the generality of the other provisions of this Section 8.1, during the pre-IPO period, the Company may withhold consent to any Transfer if such transfer may, together
with other events (either past or anticipated), result in any risk of triggering an “ownership change” (as defined under Section 82 of the Code). The Company may also determine to impose certain restrictions on purchases and/or
transfers post-IPO, including limiting (i) purchases if they would cause a Member to become a “5-percent shareholder” (as defined under Section 82 of
the Code) and (ii) transfers by a “5-percent shareholder.” 
 8.1.4 Members
that acquire interests in the Company prior to an IPO shall not be permitted to Transfer such interests (or any interests in the Company or Public Entity received in connection with any IPO) after the consummation of such IPO until the expiration of
any lock-up agreement entered into by the Company, the Special Interest Holder or any Public Entity in connection with the IPO. Following the expiration of any such
lock-up agreement, Members may transfer such interests (or such interests in the Company or Public Entity received in connection with an IPO), subject to compliance with applicable securities laws and any
requirements imposed by the Company, any Public Entity or the transfer agent with respect to such interests. 
 8.1.5 Any purported
Transfer not in compliance with this Article VIII shall be void and of no force and effect. 
 8.1.6 Notwithstanding anything
herein to the contrary, without notice to the Members and without the consent of the Board of Directors, but subject to applicable law, including the Dodd-Frank Act and any Sanctions Laws and Regulations, Goldman Sachs may Transfer all or a portion
of any of its interests in the Company (in whole or in part) to any other Person. 
 8.2 Expenses of Transfer. The
transferring Member agrees that it will pay all expenses, including attorneys’ fees, incurred by the Company in connection with any attempted or realized Transfer of all or any portion of its interest, whether or not the Board of Directors
consents to such Transfer. Such costs generally will include the amount of any transfer taxes due as a result of a Member’s Transfer and the costs of accounting for such Transfers including for applicable tax purposes. 

  
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 8.3 Indemnification by Transferor. In the event that the Company or the
Board of Directors becomes involved in any capacity in any action, proceeding, or investigation brought by or against any Person (including any Member) in connection with any Transfer by a Member of a Member’s interest in the Company or the
admission into the Company as a Member of any purchaser, assignee, transferee, donee, heir, legatee, distributee or other recipient (each, an “Assignee”) of such transferring Member’s interest in the Company (any such Assignee,
when so admitted, being hereinafter called a “Substituted Member”), the Member who has transferred all or any portion of its interest in the Company will periodically reimburse each of the Company and the Board of Directors for each
of their legal and other expenses (including the cost of any investigation and preparation) incurred in connection with such action, proceeding or investigation. To the fullest extent permitted by law, the transferring Member also will indemnify the
Company and the Board of Directors for any losses, claims, damages, or liabilities to which either of them may become subject in connection with such Transfer. The reimbursement and indemnity obligations of the transferring Member under this
Section 8.3 shall be in addition to any liability that the transferring Member may otherwise have, shall extend upon the same terms and conditions to the Members and the Board of Directors, and shall be binding upon and
inure to the benefit of any Successors, assigns, heirs, and personal representatives of the Company and the Board of Directors. The obligations of a transferor under the foregoing provisions shall survive the Transfer of its interest or any
termination of this Agreement. 
 8.4 Responsibility for Commitments. Any Person which acquires all or any portion of
the interest in the Company of a Member (whether or not admitted as a Substituted Member) shall be obligated to contribute to the Company the appropriate portion of any amounts thereafter becoming due in respect of the Capital Commitment and Undrawn
Commitment (including Recallable Capital) of its predecessor in such interest in the Company in accordance with this Agreement, and will be subject to forfeiture of its interest in the Company to the extent provided in Article III in respect
of such amounts. Payment by such Person of the amount specified in any Drawdown Notice must be made not later than the date specified in the Drawdown Notice. Capital will not be considered contributed to the Company by such Person until actually
received by the Company (or the account designated by the Company) from such Person (and in no event earlier than the due date for such Capital Contributions). Each Member agrees that, notwithstanding the Transfer of all or any portion of its
interest in the Company, as between it and the Company it will remain liable for Capital Contributions called for by the Board of Directors in each case as required by this Agreement to be made with respect to its interest in the Company (as such
interest in the Company existed prior to such Transfer) and for any other obligations under this Agreement, and will be subject to forfeiture of its interest in the Company to the extent provided in Article III prior to the time, if any, when
the Assignee of such interest, or portion thereof, is admitted as a Substituted Member. 
 8.5 Recognition of Transfer.
The Company shall not recognize for any purpose any purported Transfer of all or any portion of the interest in the Company of a Member unless: (i) the provisions of Section 8.1 shall have been complied with and
(ii) there shall have been filed with the Company a dated notice of such Transfer, in form satisfactory to the Board of Directors, executed and acknowledged by both the transferring Member and the Assignee and such notice:

  
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(a) contains the acceptance by the Assignee of all the terms and provisions of this Agreement and the Assignee’s agreement to be bound thereby; (b) represents that such Transfer was
made in accordance with all applicable laws and regulations; and (c) contains a power of attorney authorizing the Company to execute this Agreement on behalf of the Assignee. 

8.6 Status of Transferor. Any Member which shall Transfer all of its interest in the Company shall cease to be a Member,
except as provided in Section 8.4 and except that, unless and until a Substituted Member is admitted in its stead, such transferring Member shall retain the statutory rights and obligations of a Member under the Act.
Anything herein to the contrary notwithstanding, the Company shall be entitled to treat the transferring Member of an interest in the Company as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good
faith to it, until such time as the Assignee of such interest in the Company has been admitted into the Company as a Substituted Member. 

8.7 Transfers by Assignee. A Person who is the Assignee of all or any portion of the interest in the Company of a Member
as permitted hereby but does not become a Substituted Member and who desires to make a further Transfer of such interest in the Company shall be subject to all of the provisions of this Article VIII to the same extent and in the same manner
as any Member desiring to make a Transfer of its interest in the Company. 
 8.8 Substituted Members. Notwithstanding
anything to the contrary contained in this Agreement, except as set forth in Section 8.1.1, no Assignee of all or any part of the interest of a Member shall become a Substituted Member without the prior written consent of
the Board of Directors, which consent may be withheld in the discretion of the Board of Directors. 
 8.9 Conditions of
Admission. Each Assignee as a condition to its admission as a Substituted Member shall execute and acknowledge such instruments, in form and substance satisfactory to the Board of Directors, as the Board of Directors reasonably deems
necessary or appropriate to effectuate such admission, including a counterpart to this Agreement. 
 8.10 Rights Prior to
Admission. Unless and until an Assignee of an interest in the Company is admitted to the Company as a Substituted Member pursuant to and in accordance with Sections 8.8 and 8.9, such Assignee shall not be entitled to any rights
in the Company or recognized as a Member for any purpose (other than with respect to distributions and allocations of income and loss for tax purposes in respect of the assigned interest) and, in particular, shall not be entitled to vote or give
consents with respect to such interest in the Company. 
 ARTICLE IX 

WITHDRAWAL, DEATH, INCOMPETENCY 

9.1 Withdrawal of Members. 

9.1.1 No Member may redeem its interest or withdraw from the Company without the prior written consent of the Board of Directors, which
consent may be granted or withheld in the Board of Directors’ discretion. 

  
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 9.1.2 The Board of Directors may terminate the interest of any Member in the Company
at any time upon at least five days’ prior written notice, if the Board of Directors determines that the continued participation of the Member in the Company may adversely affect the Company (including for any tax, ERISA or regulatory purposes,
such as a change to an applicable law or regulation) or any Member. Without limiting the generality of the foregoing, the Board of Directors may terminate the interest of any Member: (i) if there is any breach of such Member’s
representations, warranties or covenants in the Subscription Agreement, this Agreement or related documents executed by such Member; (ii) if the Member: (a) engages in illegal conduct or other misconduct which the Board of Directors
determines could result in reputational harm to the Company, (b) is convicted of, or pleads nolo contendere to, a felony or serious misdemeanor, or (c) illegally or fraudulently obtains funds which the Member seeks to invest; or
(iii) the Board of Directors determines that the continued participation of that Member may result in the assets of the Company being or continuing to be treated as “plan assets” that are subject to Title I of ERISA or
Section 975 of the Code (or a comparable law or regulation). In the event of termination by the Board of Directors of a Member’s interest (other than as a result of a default), such Member generally shall be paid by the Company, within 120
days thereafter (or as soon reasonably practicable thereafter) as the Company has available funds, in cash, in-kind, or by delivery of a note, an amount generally equal to 80% of the fair value of the
Member’s interest in the Company at the end of the quarter preceding such termination (determined in good faith by the Board of Directors in accordance with Section 5.2), with the remaining 20% to be paid within 30
days following the completion of the audit for the fiscal year in which the termination occurs, in cash, in-kind, or by delivery of a note. Notwithstanding the foregoing, the Board of Directors may, in lieu of
terminating a Member’s interest, cause the Transfer of such interest. The interest in the Company held by such terminated Member shall not be included in calculating the Company interests of the Members required to take any action under this
Agreement. In the event a note is issued to a Member pursuant to this Section 9.1.2, such note will bear terms which the Board of Directors determines are reasonable market terms under the circumstances of the termination
or withdrawal. Each Member acknowledges and agrees that actual payment in respect of a Member’s interest in the Company may take substantially longer than 120 days from the date a Member’s interest in the Company is terminated and
substantially longer than 30 days following the completion of the audit for the fiscal year in which the termination occurs. Notwithstanding a payment by the Company to a Member of any amount described above, the Company reserves the right to seek
reimbursement from a Member whose interest has been terminated by the Board of Directors for Losses incurred by the Company resulting from any action or omissions of such Member. 

9.1.3 Goldman Sachs or an affiliate thereof (including the GS Member) may make one or more Capital Commitments (the “Ongoing GS
Investment”). If the Board of Directors determines in its discretion that the continued participation of Goldman Sachs, its affiliates, subsidiaries, successors or a Goldman Sachs employee or related entity would cause the Ongoing GS
Investment to constitute more than 4.9% of total Capital Commitments or would otherwise adversely affect the Company, Goldman Sachs reserves the right to withdraw, and to permit its affiliates, subsidiaries, successors and any Goldman Sachs
employees and their related entities to withdraw, without prior notice to Members, a pro rata portion of each such investor’s portion of the Ongoing GS Investment in an amount necessary to reduce the amount of the Ongoing GS Investment to 4.9%
of total Capital Commitments or to an amount as otherwise determined by the Board of Directors in its sole discretion is required to avoid any adverse effect on the Company 

  
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(including for any legal or regulatory reasons, such as a change to an applicable law or regulation) or in order for the Company or Goldman Sachs to comply with the Bank Holding Company Act, the
Dodd-Frank Act or any other current or future laws, rules, regulations or legal requirements applicable to the Company or Goldman Sachs, or to reduce, eliminate or otherwise modify the impact, or applicability, of any bank regulatory or other
restrictions resulting from Goldman Sachs’ status under the Bank Holding Company Act or as an entity otherwise subject to the Dodd-Frank Act. 

9.2 Economic and Other Sanctions. 

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

9.2.2 Each Member that is not a Sanctioned Member will be required to bear an increased amount of Company Expenses in order to cover
the amount attributable to Sanctioned Members, except in the case of customs duties, taxes, and fees payable to the United States or any agency or instrumentality thereof or to any State, territory, district, county, municipality or other political
subdivision in the United States. 
 9.2.3 In the event a Sanctioned Member ceases to be subject to sanctions under any Sanctions
Laws and Regulations, the Board of Directors may require such Sanctioned Member to make a contribution to the Company (or the Board of Directors may retain amounts otherwise distributable to such Sanctioned Member) for any Incentive Allocation,
Promote and Company Expenses to which such Sanctioned Member would have been subject had such Sanctioned Member not been subject to such sanctions, plus an additional amount, equal to simple interest, at a floating rate equal to Prime plus two
percent per annum on the amount such Sanctioned Member is required to contribute to the Company under this Section 9.2.3 (such additional amount shall not be treated as a Capital Contribution or reduce the Undrawn
Commitment of such Member). The Board of Directors (in its discretion as to timing and amount) may make distributions of any amounts received by the Company in accordance with this Section 9.2.3 to the other Members pro
rata in accordance with the amounts contributed by such other Members under Section 9.2.2. 
 9.3
Effect of Death, Etc. The death, disability, incapacity, incompetency, bankruptcy, insolvency, termination or dissolution of a Member shall not cause the commencement of the winding up and dissolution of the Company. Upon compliance
with the provisions of Article VIII, the legal representatives, if any, of a Member shall succeed as Assignees to the Member’s interest in the Company upon the death, incapacity, incompetency, bankruptcy, insolvency or dissolution

  
 38 

 
of a Member, but shall not be admitted as Substituted Member without the written consent of the Board of Directors, which may be granted or withheld in its discretion, with or without cause. The
interest in the Company held by such legal representative of a Member shall not be included in calculating the Company interests of the Members required to take any action under this Agreement, unless such legal representative is admitted as a
Substituted Member. 
 ARTICLE X 

DISSOLUTION; PROCEDURE ON DISSOLUTION 

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

10.2 Dissolution Procedures. Upon dissolution of the Company at the expiration of the Company term or for any other cause
set forth in this Agreement: 
 10.2.1 The affairs of the Company shall be wound up and the Company liquidated by the Board of
Directors, including the preparation and filing of all documents or instruments necessary to effect the Company’s dissolution, winding up and termination. The Board of Directors will take any actions necessary or advisable to liquidate the
Company’s assets, including, if determined by the Board of Directors, in its sole discretion, the appointment of agents to assist it in the liquidation process. The Board of Directors and any such “liquidation agent” may receive
reasonable compensation, as determined by the Board of Directors in its discretion, for the provision of such services, which compensation may be paid out of the remaining assets of the Company. 

10.2.2 All items of income, gain and loss (including any gain or loss from liquidation of the Company) for the accounting period in
which the Company is finally liquidated shall be allocated among the Members as provided in Article IV. 
 10.2.3 The net
proceeds of winding up shall be distributed in payment of liabilities of the Company in the following order: 
 (i) first, to
creditors of the Company (other than Members); 
 (ii) second, to creditors of the Company who are Members; and 

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

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

ARTICLE XI 

MISCELLANEOUS 

  
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 11.1 Amendment. 

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

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

 (ii) make any necessary or advisable change, in the opinion of the Board of Directors, in connection with any assignment
or transfer of interests Goldman Sachs may hold in the Company pursuant to Section 8.1.6, to the extent such assignment or transfer is deemed necessary or advisable to comply with, or reduce the burden of complying with,
the Bank Holding Company Act, the Dodd-Frank Act or any current or future laws, rules, regulations, statutes or legal requirements applicable to Goldman Sachs or the Company; 

(iii) conform this Agreement to the disclosure contained in the Offering Memorandum; 

(iv) make a change to correct or supplement any conflicting provision in this Agreement, and delete or add provisions as may be
required by applicable law or regulations, in each case, as determined by the Board of Directors in its discretion; 
 (v)
reflect a change in the name of the Company; 
 (vi) make any necessary or advisable change, in the opinion of the Board of
Directors, to qualify the Company a limited liability company or other entity in which the Members have limited liability under the laws of any state or other jurisdiction; 

(vii) make any change that does not materially adversely affect the Members (taken as a whole); 

(viii) make a change that is necessary or advisable, as determined by the Board of Directors in its discretion, to address
adverse changes in the tax law or interpretations thereof applicable to the Company or the Operating Company; 
 (ix) make
any change in any provision of this Agreement that requires any action to be taken by or on behalf of the Company pursuant to the requirements of applicable Delaware law if the provisions of applicable Delaware law are amended, modified or revoked
so that the taking of such action is no longer required; 

  
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 (x) prevent the Company from in any manner being deemed an “investment
company” subject to the provisions of the Investment Company Act; 
 (xi) correct mistakes or clarify ambiguities as
determined by the Board of Directors in its discretion; 
 (xii) make amendments in connection with an IPO, including without
limitation any amendments described in Section 6.4.1; 
 (xiii) reflect any changes validly made in
the membership of the Company and the Capital Contributions, Capital Commitments and Company interests of the Members; 

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

(xv) prevent the assets of the Company from being treated as “plan assets” that are subject to Title I of
ERISA or Section 975 of the Code (or a comparable law or regulation); 
 (xvi) cause the Company to automatically
dissolve and terminate no later than the date that is 15 years from the date of the formation of the Company unless the Company is terminated earlier pursuant to this Agreement; or 

(xvii) make any amendments to this Agreement to reflect changes negotiated with additional Members between first and final
closing so long as the changes do not materially adversely affect the rights and obligations of any existing Member (excluding any existing Member that gives its consent to such changes); or 

(xviii) make any other amendments similar to the foregoing. 

No amendment may be made, without the consent of each affected Member, other than Sanctioned Members, that would have the effect of amending
the provisions of this Agreement relating to amendments. No amendment that would have the effect of increasing the liability or obligations of a Member or reducing a Member’s right to distributions (except upon admission of additional Members
or increase in Members’ Capital Commitments pursuant to Section 3.3, upon forfeiture of interests in accordance with Section 3.4, upon a withdrawal effected pursuant to
Section 9.1.2, or as otherwise stated herein) may be made without the consent of the affected Member other than Sanctioned Members. 

11.2 Investment Representations. 

  
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 11.2.1 Each Member, by executing this Agreement or an amendment hereto, represents
and warrants that (a) it is either (i) an “accredited investor” (as defined for purposes of Regulation D promulgated under the Securities Act) or (ii) a non-U.S. person (as defined for
purposes of the Code) in accordance with Regulation S promulgated under the Securities Act, (b) its interest in the Company has been acquired by it for its own account for investment and not with a view to resale or distribution thereof;
(c) it is a “qualified purchaser” as defined in Section (c)(7) of the Investment Company Act and (d) it is fully aware that, in agreeing to admit it as a Member, the Company is relying upon the truth and accuracy of these
representations and warranties. 
 11.2.2 Each Member, by executing this Agreement or an amendment hereto, represents and warrants
that in making its decision to invest in the Company such Member has relied solely upon the Offering Memorandum, any side letters delivered in accordance with Section 11.15, the advice of its own tax, legal or other
advisers and independent investigations made by such Member prior to becoming a Member, and has not relied in any way upon the Company, Goldman Sachs or any officer, director, employee, agent or Affiliate of any of the foregoing for any investment,
legal or tax advice. 
 11.2.3 Each Member, by executing this Agreement or an amendment hereto, represents and warrants that it has
carefully reviewed the sections entitled “Risks Factors” and “Potential Conflicts of Interest” of the Offering Memorandum and understands and consents to the existence of potential conflicts of interest between Goldman Sachs, on
the one hand, and the Company and/or the Members, on the other, and to the operation of the Company subject to these conflicts, and it is fully aware that, in agreeing to the Member’s admission to the Company, the Company is relying upon the
truth and accuracy of this representation and warranty. 
 11.2.4 Each Member, by executing this Agreement or an amendment hereto,
represents and warrants that it understands that its share of losses from the Company is borne solely by it and the Company and not by Goldman Sachs. A Member’s interest in the Company is not insured by the U.S. Federal Deposit Insurance
Corporation or any other bank regulatory or governmental agency, including the U.S. Federal Reserve Board. Investments in the Company are not deposits or other obligations of, or guaranteed by, Goldman Sachs. 

11.3 FCC Representations and Covenants. Each Member, other than a GS Affiliated Member, hereby acknowledges, covenants
and agrees that such Member will not be materially involved, directly or indirectly, in the management or operation of the media-related activity of the Company and that neither it nor any of its directors, officers, members or greater than five
percent equity holders will: 
 (i) act as an employee of the Company (directly or through the officers, directors, members
or Affiliates of such Member) if such Member’s functions (or those of its officers, directors, members or Affiliates), directly or indirectly, relate to any Media Company; 

(ii) serve, in any material capacity, as an independent contractor or agent with respect to any Media Company in which the
Company has an interest (including an interest held through the Operating Company); 
 (iii) communicate with the management
of any Media Company in which the Company has an interest (including an interest held through the Operating Company) on matters pertaining to the day-to-day operations
of any Media Company in which the Company has an interest or any media business of the Company; 

  
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 (iv) perform any services for the Company materially relating to any Media
Company in which the Company has an interest (including an interest held through the Operating Company); or 
 (v) become
actively involved in the management or operation of any Media Company in which the Company has an interest (including an interest held through the Operating Company). 

11.4 Power of Attorney. By signing the Subscription Agreement, each Member: (i) agrees that the signature page to
the Subscription Agreement shall be deemed a counterpart signature page to this Agreement and (ii) grants the power of attorney contained in the Subscription Agreement in favor of the Company, and each Member does hereby constitute, designate
and appoint the Company and any duly authorized representative of the Company, including any officer of director of the Company, each acting individually, as its true and lawful agent and attorney-in-fact, in its name, place and stead, to: 
 (a) execute all documents required in
connection therewith on behalf of such Member between the Company, Members and any Person being admitted to the Company as a Member (or such other parties as may be appropriate) in such form and on such terms and conditions as the Board of Directors
or other Person appointed hereby considers in its, his or her absolute discretion necessary or appropriate, including reference to this Agreement and the novation thereof and agreeing and covenanting with such Person on behalf of the Member that the
Member will from the effective date of such documents comply with and observe the terms of this Agreement after giving effect to such novation; 

(b) make, execute, sign, deliver, acknowledge, swear to and file: (I) all documents as may be required under the Act; (II) any and
all instruments, certificates, and other documents which may be deemed necessary or desirable to effect the winding-up and termination of the Company (including a Certificate of Cancellation of the
Company’s Certificate of Formation); (III) any business certificate, fictitious name certificate, amendment thereto, or other instrument, agreement, indemnity or document of any kind necessary or desirable to accomplish the business, purposes
and objectives of the Company, or required by an applicable federal, state or local law; (IV) any counterparts of this Agreement or agreements with additional or Substituted Members, and any amendments hereto or thereto (whether or not such
Member is a signatory thereto) provided such amendment has been approved as provided herein, including amendments required to effectuate the default remedies contemplated by Section 3.4; and (V) all other filings with
agencies of the U.S. federal government, of any state or local government, or of any other jurisdiction, which the Board of Directors considers necessary or desirable to carry out the purposes of this Agreement and the business of the Company; 

(c) execute any agreement on behalf of the Members to give effect to any lock-up of Company interests
required by the underwriter(s) of an IPO for a specified period of time after the consummation of the IPO; and 

  
 43 

 (d) sell, transfer or otherwise pledge or encumber its interest in the Company in accordance
with the terms of this Agreement, including with respect to the exercise of any remedies upon a default as provided herein. 
 The power of
attorney hereby granted by each of the Members and granted by each of the Members pursuant to Section 3.4.3: (i) is coupled with and is intended to secure an interest in property and the obligations of the relevant Member
hereunder, is irrevocable, shall survive the Transfer of the Member’s interest in the Company and shall survive and shall not be affected by, the subsequent death, disability, incapacity, incompetency, termination, bankruptcy, insolvency or
dissolution of such Member; (ii) may be exercised by any Person acting as attorney-in-fact under this Section 11.4 without notice to or
any additional action on the part of any Member, either by signing separately as attorney-in-fact for each Member or, after listing all of the Members executing an
instrument, by a single signature of the Person acting as attorney-in-fact for all of them; and (iii) shall survive the Transfer by a Member of the whole or any
portion of such Member’s interest, except that, where the transferee of the whole of such Member’s interest has been approved by the Board of Directors for admission to the Company as a Substituted Member, the power of attorney of the
transferor Member shall survive the delivery of such assignment for the sole purpose of enabling the attorney-in-fact to execute, swear to, acknowledge and file any
instrument necessary or appropriate to effect such substitution. 
 11.5 Instruments. The parties agree to execute and
deliver any further instruments or perform any acts which are or may become necessary to carry on the Company created by this Agreement or to effectuate its purposes. 

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

11.8 Jurisdiction and Venue; Waiver of Jury Trial. 

11.8.1 Any suit, action or proceeding relating in any way to this Agreement (including counterclaims) must be brought exclusively in
the courts of the State of New York located in New York County, New York or (to the extent subject matter jurisdiction exists therefor) of the United States District Court for the Southern District of New York and/or in the courts of the State of
Delaware in the City of Wilmington. The parties irrevocably submit to the jurisdiction of such courts with respect to any such suit, action or proceeding, and each Member hereby designates and approves the Company as its agent for service of
process. Notwithstanding the foregoing, a party may commence any suit, action or proceeding in a court other than the above-named courts solely for the purpose of enforcing an order or judgment issued by one of the above-named courts. 

  
 44 

 11.8.2 Each of the parties hereto irrevocably waives, to the fullest extent permitted
by law, and agrees not to assert, by way of motion, as a defense or otherwise, in any such suit, action or proceeding, (i) any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or
immune from attachment or execution; (ii) any objection that it may now or hereafter have to the laying of venue of any such suit, action or proceeding in the courts of the State of New York located in New York County, New York or of the United
States District Court for the Southern District of New York, and/or in the courts of the State of Delaware in the City of Wilmington; and (iii) any claim that any such suit, action or proceeding brought in any such court has been brought in an
inconvenient forum, should be transferred or removed to any court other than one of the above-named courts, or should be stayed by reason of the pendency of some other proceeding in any other court other than one of the above-named courts. 

11.8.3 Each of the parties hereto waives all right to trial by jury in any action, suit or prior proceeding arising out of or relating
to this Agreement. 
 11.8.4 This Agreement shall be deemed an “instrument for the payment of money only” within the
meaning of Section 213 of the New York Civil Practice Law and Rules (the “CPLR”), and, in the event of a failure by a Member to pay any Drawdown or other amount payable by such Member to the Company and due pursuant to this
Agreement, an expedited proceeding may be brought by the Company pursuant to the provisions of CPLR Section 213 to collect the amounts due from such Member. 

11.9 Gender, Etc. As used herein, masculine pronouns shall include the feminine and neuter, neuter pronouns shall include
the masculine and the feminine, feminine pronouns shall include the masculine and the neuter, and the singular shall be deemed to include the plural. 

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

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

11.14 Confidentiality. 

  
 45 

 11.14.1 Each Member acknowledges that the other Members are relying on such Member to
maintain the confidentiality of any information relating to such other Members, the Company, any existing, past or prospective Project or Portfolio Asset, and the affairs of the Company generally. Accordingly, the Members hereby acknowledge and
agree that to the fullest extent permitted by Section 8-305(g) of the Act, as amended, the rights of a Member to obtain information from the Company regarding the state of the business and financial
condition of the Company shall be restricted, in the Board of Directors’ discretion, to only those rights provided for in this Agreement, and that any other rights provided under Section 8-305(a) of
the Act shall not be available to the Members or applicable to the Company, except as otherwise provided by the Board of Directors. The Company may also keep confidential and not disclose to any or all Members, and may require the Members to keep
confidential, any information, including: (i) any information regarding any other Member (including their identity); (ii) any information, financial or otherwise, regarding the Company or the Operating Company; (iii) any information about
any existing, past or prospective Portfolio Assets; (iv) any financial information; (v) any correspondence with any other Member or Members; and (vi) the provisions of this Agreement, any side letters entered into with respect to this
Agreement and the documentation specified in Section 4.5 (any such information, whether obtained from the Company or any other source, “Confidential Information”). The Company may disclose Confidential
Information to certain Members on a selective basis, or may provide different Confidential Information to different Members, each as determined by the Board of Directors. Notwithstanding anything in this Agreement to the contrary, including
Section 4.5, any information to be provided or disclosed to a Member may be adjusted, in the Board of Directors’ discretion, such that the data that identifies any other Member and any existing, past or prospective
Project or Portfolio Asset need not be disclosed to the Member. Each Member acknowledges and agrees that the Confidential Information shall be deemed non-public, confidential and proprietary in nature and
shall constitute trade secrets under applicable law with respect to the Company and its portfolio assets, the disclosure of which could have adverse effects on the Company, its Projects and Portfolio Assets. In addition, each Member will be
prohibited from seeking to obtain the identity of, or information regarding, any Member (whether or not generally available to Persons who are Members) or to contact any other Member regarding the Company. The Company shall be entitled to terminate
the interest of any Member that discloses Confidential Information in a manner not expressly permitted by this Section 11.14. 

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

  
 46 

 
information to trade in securities). Each Member further agrees that the Board of Directors may limit or redact Confidential Information (including restricting the use of such information). In
the event disclosure of any such information is permitted by the Board of Directors or the exceptions set forth in the first sentence of this Section 11.14.2, such Member is responsible for the compliance by any such
recipient with the foregoing restrictions. Each Member acknowledges and agrees that monetary damages would not be sufficient remedy for any breach of this Section 11.14.2 by a Member and that in addition to any other
remedies available to the Company in respect of any such breach, the Company shall be entitled to specific performance and injunctive or other equitable relief as a remedy for any such breach, without the obligation of posting a bond or other
security. 
 11.14.3 Each Member who is subject to the United States Freedom of Information Act, as amended, or any comparable law or
regulation of any U.S. state or other jurisdiction, acknowledges that the Company, in the discretion of the Board of Directors, shall have the right to not provide such Member with Confidential Information or any portion thereof, including
Confidential Information provided by the Company to other Members. 
 11.14.4 Each Member: (i) acknowledges that the Board of
Directors may release Confidential Information about such Member and, if applicable, any underlying beneficial owners of such Member, including during the period after an IPO, if the Board of Directors determines in good faith that such release is
in the best interest of the Company, including in light of applicable law concerning money laundering and similar activities, or in connection with any incurrence of any indebtedness, guarantees, or other obligations of the Company, in connection
with the acquisition of any Portfolio Asset or in connection with any filing or reporting obligations to a governmental or regulatory authority and (ii) agrees to provide the Board of Directors with any additional information that the Board of
Directors deems necessary to ensure compliance with any laws or regulations applicable to the Company or its business. 
 11.14.5
Notwithstanding anything to the contrary in Section 11.14.2, in the event a Member (or its representatives) is requested to disclose any Confidential Information: (i) to any governmental regulatory body having
jurisdiction over the Member; (ii) in response to any court order, subpoena, civil investigative demand or similar process; or (iii) in connection with any disclosure obligation under any law, the Member shall provide written notice to the
Board of Directors immediately after such request and prior to responding, unless such notice is prohibited by applicable law, so that the Board of Directors may seek a protective order or other appropriate remedy (and such Member agrees to
cooperate with the Board of Directors in connection with seeking such order or other remedy). In the event that such protective order or other remedy is not obtained, such Member agrees to furnish only that portion of the information that it
determines, after consultation with counsel, is legally required, and to exercise best efforts to obtain assurance that confidential treatment will be accorded such information. No such notice shall be required with respect to disclosure to a
governmental regulatory body pursuant to periodic regular regulatory examinations. In addition, if upon receipt by the Board of Directors of written notice from any Member of a public disclosure request, the Board of Directors determines that the
disclosure of the requested information could adversely affect the Company, the Board of Directors: (a) may, subject to applicable limitations on Transfers, facilitate the sale or Transfer or may terminate the interest of the Member or
(b) may withhold some or all information which would otherwise be provided to the Member under the terms of this Agreement. Notwithstanding 

  
 47 

 
the foregoing, this Section 11.14 shall not prohibit an individual from making disclosures to governmental agencies that are protected by the whistleblower provisions of
applicable laws and, pursuant to the federal Defend Trade Secrets Act of 2016, an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (A) is made
(1) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and (2) solely for the purpose of reporting or investigating a suspected violation of law; (B) is made to the
individual’s attorney in relation to a lawsuit for retaliation against the individual for reporting a suspected violation of law; or (C) is made in a complaint or other document filed in a lawsuit or proceeding, if such filing is made
under seal. 
 11.14.6 Each Member understands and acknowledges that the Company makes no representation or warranty as to the
accuracy or completeness of the Confidential Information provided to the Member which is provided to the Company by any third party, including any Project or Portfolio Asset, and that to the extent the Company provides any such information to any
Member, each Member acknowledges and agrees that such information is provided for information purposes only. The Company shall have no liability to any Member or any other Person resulting from reliance on or use of the Confidential Information.

 11.14.7 Notwithstanding the foregoing or anything else contained in this Agreement or elsewhere to the contrary, each Member (and
any employee, representative or other agent thereof) may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax structure of, and all tax strategies relating to, the Company, the Member’s ownership of an
interest in the Company, and any Company transaction and all materials of any kind (including opinions and other tax analyses) that are provided to the Member relating to such tax treatment, tax structure and tax strategies. For this purpose,
“tax structure” means any facts relevant to the U.S. federal or state income tax treatment of the Company, the Member’s ownership of an interest in the Company, and any Company transaction, and does not include information relating to
the identity of the Company, Members, any Portfolio Asset or any of their respective Affiliates. Nothing in this Section 11.14.7 shall be deemed to require the Board of Directors to disclose to any Member any information
that the Board of Directors is permitted or is required to keep confidential in accordance with this Agreement or otherwise. 
 11.15
Side Letters. Notwithstanding the provisions of this Agreement or any Subscription Agreement, it is hereby acknowledged and agreed that the Board of Directors, on behalf of the Company, and without the approval of any Member, may,
subject to applicable law, enter into a side letter or similar agreement with a Member that has the effect of establishing legal, economic or other rights or obligations under this Agreement, or altering, waiving, amending or supplementing the
legal, economic or other terms hereof with respect to such Member or any Subscription Agreement (such side letters and letter agreements, a “Side Letter”). Each Member acknowledges that as a result, the terms and conditions of the
Members’ investments in the Company may differ. The parties agree that, subject to applicable law, any terms contained in a Side Letter to or with a Member shall govern with respect to such Member notwithstanding the provisions of this
Agreement or any Subscription Agreement. Each Member acknowledges the Board of Directors shall be under no obligation to make such Side Letters (or any provisions thereof) available on equal terms to other Members, and the Company cannot, and is
under no duty to, enforce equality of treatment of Members under any such Side Letters. 

  
 48 

 11.16 [INTENTIONALLY OMITTED] 

11.17 Grantors of Revocable Trusts. Each Member that is a revocable trust agrees that, if the trustee of such revocable
trust and the grantor of such revocable trust are the same Person, the trustee’s execution of this Agreement and any other documents executed in connection with the Company shall bind such Person in his or her capacity both as trustee and as
grantor of such revocable trust. 
 11.18 Financing. Each Member understands and agrees that, in connection with
procuring financing for the Company (and/or the guaranteeing, indemnification or otherwise securing the obligations of the Operating Company, the Portfolio Assets and/or investment vehicles or other Affiliates of the Company), the Company may
determine that it is necessary or desirable to mortgage, charge, pledge, assign or otherwise grant security interests, to the provider(s) of such financing (or their agent or trustee) in or over collateral, including: (i) the rights of the
Company to issue a Drawdown Notice or other notice of a required payment and exercise any remedies to enforce the Member’s funding obligations in accordance with the terms of this Agreement; (ii) the rights and remedies of the Company
under Sections 3.1.1 and 3.4; and (iii) any other assets, rights and remedies of the Company. Each Member hereby consents to the Company entering into any such financing and any such mortgage, charge, pledge, assignment or grants
of security interests, and agrees that, in connection with the implementation of such financing, each Member shall (i) confirm such Member’s Capital Commitment, Undrawn Commitment and Capital Contribution; (ii) provide financial
information about such Member; (iii) confirm that such Member’s obligation to fund Drawdowns up to the amount of such Member’s Undrawn Commitment is absolute and unconditional, without any right of offset, counterclaim or defense;
(iv) execute any other documents as may be reasonably requested by the provider(s) of such financing (or their agent or trustee) or the Company, in each case at such time and from time to time as may be determined by the Company or requested by
the provider(s) of such financing (or their agent or trustee); and (v) provide a guarantee as to such Member’s allocable share of the obligations of the Company with respect to such financing. To the extent that the Company has outstanding
obligations under a credit facility which are secured by the Undrawn Commitments of the Members, and the provider(s) of such financing (or their agent or trustee) requires a Drawdown, each Member may be obligated to fund into a bank account of, or
that the Company has pledged to or otherwise secured in favor of, such provider(s) of such financing (or their agent or trustee) any portion of a Member’s Undrawn Commitment that is called for purposes of making payment with respect to such
credit facility without offset, counterclaim or defense, including any defense of fraud or mistake, or any defense under Section 65 of the U.S. Bankruptcy Code, and each Member hereby waives all rights to setoff or counterclaim and all defenses
(including any defense of fraud or mistake, or any defense under Section 65 of the U.S. Bankruptcy Code) with respect to its obligation to fund such Drawdown; provided, that such agreement to fund shall not act as a waiver by such Member of its
right to assert independently any claim that the Member may have against any other Member or the Company. 
 11.19 [INTENTIONALLY
OMITTED] 
 11.20 Each Interest in the Company is a Security. The Company, each Member and any other party
hereto expressly acknowledge and agree that: (i) each interest in the Company is a security governed by Article 8 of the Uniform Commercial Code in effect in the State of Delaware (the “DEUCC”) and the Uniform Commercial Code
of any other relevant jurisdiction and (ii) this Agreement establishes the terms of the interests in the Company. The issuer’s jurisdiction (within the meaning of Section 8-110 of the DEUCC) of
the Company shall be the State of Delaware. 

  
 49 

 11.21 Voting. Prior to an Exit Event, the Company shall promptly notify
the Members of any approval or consent on any matter requested to be taken by the Company in connection with the Operating Company and shall request the Members’ approval or consent on such matter (which approval or consent may be obtained by a
Member’s failure to object in writing after 15 calendar days’ notice of such matter (or such shorter notice period that the Board of Directors determines is appropriate under the circumstances). Such notice to the Members shall include any
information or supplemental materials furnished to the Operating Company, and shall also specify the date or dates by which the Members must deliver to the Company the response of such Members to the matters referenced in such notice. The Company
will, on behalf of the Company, approve or consent to such matter as a member of the Operating Company in such proportion to the Members who have approved or consented (which may be by failure to object in writing within the specified time period as
stated above) with respect to such matter. For purposes of determining a Majority in Interest of the Members, the following shall be excluded: (i) Capital Commitments made by a Member or capital commitments made by a member of the Operating
Company which is in default of its obligations to the Company or the Operating Company, respectively, as described in Section 3.4 of each of the Company Agreements until such default is cured; (ii) Capital Commitments
made by any Member or capital commitments made by any member of the Operating Company which has transferred all of its interest in the Company or the Operating Company, respectively; (iii) Capital Commitments made or acquired by an Assignee of
all or any portion of the interest in the Company of a Member that has not become a Substituted Member; (iv) capital commitments made or acquired by an Assignee (as such term is defined in the Operating Company Agreement) of all or any portion
of the interest in the Operating Company of a member of the Operating Company that has not become a Substituted Member (as such term is defined in the Operating Company Agreement); (v) capital commitments of the Company to the Operating Company in
its capacity as a member of the Operating Company; (vi) Capital Commitments made by a Member which is a GS Affiliated Member, is an Affiliate of a GS Affiliated Member or is, is the spouse of or is controlled by (or by the spouse of) a Goldman
Sachs Person or a consultant to Goldman Sachs; (vii) capital commitments made by a member of the Operating Company which is a GS Affiliated Member (as such term is defined in the Operating Company Agreement), is an Affiliate (as such term is
defined in the Operating Company Agreement) of a GS Affiliated Member (as such term is defined in the Operating Company Agreement) or is, is the spouse of or is controlled by (or by the spouse of) a Goldman Sachs Person (as such term is defined in
the Operating Company Agreement) or a consultant to Goldman Sachs (as such term is defined in the Operating Company Agreement); (viii) Capital Commitments made by any Sanctioned Member; and (ix) capital commitments made by any Sanctioned Member
(as such term is defined in the Operating Company Agreement) of the Operating Company. 

  
 50 

 GOLDMAN SACHS RENEWABLE POWER LLC 

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

 

			
	GS MEMBER:
	
	Goldman Sachs RP Holdings LLC
	
	By: GSAM Holdings LLC, its managing member
		
	By:	 	
                     
    

		 	Name:
		 	Title:
		
	MEMBERS:	 	
		
	By:	 	The Company’s Board of Directors, as Attorney-in-Fact for such Persons who have entered into the related subscription agreements and such
subscription agreements have been accepted on behalf of the Company.
		
	By:	 	
                 

		 	Name: Tim Leach
		 	Title: Director
		
	By:	 	
                     

		 	Name: Andrew Johnson
		 	Title: Director
		
	By:	 	
                     

		 	Name: John Lewis
		 	Title: Director
		
	By:	 	
                     
        

		 	Name: Andrew Galloway
		 	Title: Director

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

 
			
	By:	 	
                 

		 	Name: Fiona Macdonald
		 	Title: Director
		
	By:	 	
                     

		 	Name: David Gadis
		 	Title: Director
		
	By:	 	
                     
            

		 	Name: J. William Holden III
		 	Title: Director

  

			
	By:	 	
                     
        

		 	Name: Kathleen McGinty
		 	Title: Director

  
 52EX-10.14

 Exhibit 10.14 

Execution Version 

INTERNALIZATION AGREEMENT 

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

Goldman Sachs Renewable Power LLC, 

Goldman Sachs Asset Management, L.P., 

and 
 GSAM Holdings II
LLC 
 dated as of 

May 18, 2022 
  

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

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

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

  

 INTERNALIZATION AGREEMENT 

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

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

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

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

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

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

  
 1 

 ARTICLE II. 

INTERNALIZATION 

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

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

  

  
 2 

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

  

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

  
 3 

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

  

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

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

  
 4 

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

 

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

  

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

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

  
 5 

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

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

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

 

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

  
 6 

	 	(i)	 the TSA, duly executed by GSAM; 

 

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

 

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

 

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

  

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

 

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

  

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

 

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

  

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

 

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

 

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

  

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

 

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

  
 7 

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

 ARTICLE IV.

 REPRESENTATIONS AND WARRANTIES OF 

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

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

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

  
 8 

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

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

  
 9 

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

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

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

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

  
 10 

 ARTICLE V. 

REPRESENTATIONS AND WARRANTIES OF THE GSRP PARTIES 

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

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

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

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

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

  

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

  

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

  

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

Section 5.06 Financial Statements. 
  

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

  
 12 

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

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

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

Section 5.10 Compliance with Applicable Laws; Permits. 
  

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

 

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

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

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

COVENANTS 

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

  
 14 

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

  

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

 

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

  

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

  

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

  

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

  
 15 

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

 

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

  

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

  

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

  

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

  

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

 

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

  

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

 

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

Section 6.02 Conduct of GSAM Entities. 

  
 16 

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

  

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

  

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

 

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

 

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

 

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

Section 6.03 Restrictive Covenants. 

  
 17 

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

  

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

  
 18 

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

  
 19 

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

  

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

  

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

  
 20 

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

  

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

  

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

  

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

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

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

Section 6.05 Access to Information; Financial Statements. 

 

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

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

Section 6.06 Regulatory Matters; Third Party Consents. 
  

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

  

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

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

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

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

  
 23 

 Section 6.10 Information Statement. 

 

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

  

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

 Section 6.11 Indemnification and
Insurance. 
  

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

  

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

  

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

  
 24 

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

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

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

  

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

  

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

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

Section 6.14 Production of Witnesses; Cooperation. 

  
 25 

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

  

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

  

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

  

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

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

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

  
 26 

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

  

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

  

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

  

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

  

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

  

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

  
 27 

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

  

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

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

  
 28 

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

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

  
 29 

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

CONDITIONS 

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

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

  

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

  

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

 

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

 

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

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

 

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

 

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

  
 30 

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

  

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

  

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

  

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

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

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

 

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

  

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

  
 31 

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

 

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

 

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

ARTICLE VIII. 

TERMINATION, AMENDMENT AND WAIVER 

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

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

 

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

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

ARTICLE IX. 
 TAX MATTERS

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

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

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

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

  
 33 

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

MISCELLANEOUS 

Section 10.01 Preemptive Rights. 
  

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

  

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

  
 34 

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

 

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

  

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

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

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

	 	(a)	 If to the GSRP Entities: 

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

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

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

Vinson & Elkins LLP 

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

  Crosby W. Scofield 

Email: dmcwilliams@velaw.com 

  cscofield@velaw.com 

	 	(b)	 If to the GSAM Entities, to: 

Goldman Sachs Asset Management, L.P. 

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

            David Plutzer 

E-mail: Raanan.Agus@gs.com 

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

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

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

  
 36 

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

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

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

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

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

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

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

Section 10.12 Governing Law; Jurisdiction. 
  

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

  
 38 

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

  

	 	(c)	 EACH PARTY HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF SUCH PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF. EACH OF
THE PARTIES HERETO (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 10.12(c). 

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

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

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

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

 

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

 

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

 

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

  
 40 

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

 

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

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

  
 41 

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

 

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

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

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

	Name:	 	Tim Leach
	Title:	 	Chairman of the Board

 [Signature Page to Internalization Agreement] 

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

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

	Name:	 	Raanan A. Agus
	Title:	 	Vice President

 [Signature Page to Internalization Agreement] 

 Exhibit A 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

“Non-Compete Change of Control” means, in one or a series of related transactions, (i) any
“person” or “group” of related persons (as such terms are used in Section 13(d) of the Exchange Act) (other than the GSRP Parties and their Controlled Affiliates) is or becomes the Beneficial Owner, directly or indirectly,
of more than 50% of the total voting power of the equity of the Public Entity that is at the time entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that
effectively transfers voting power) to vote in the election of the board of directors (or similar governing body) of the Public Entity, or (ii) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of
merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the GSRP Parties and their Subsidiaries taken as a whole to any “person” (as such term is used in
Section 13(d) of the Exchange Act) other than the GSRP Parties and their Controlled Affiliates. 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 Exhibit B 

AMENDED GSRP LLC AGREEMENT 

[See attachment] 

 Exhibit C 

AMENDED OPCO LLC AGREEMENT 

[See attachment] 

 Exhibit D 

FORM OF TRANSITION SERVICES AGREEMENT 

[See attachment] 

 Exhibit E 

FORM OF LEASE ASSIGNMENT AGREEMENT 

[See attachment] 

 Exhibit F 

FORM OF BOARD OBSERVER AGREEMENT 

[See attachment] 

 Exhibit G 

FORM OF REGISTRATION RIGHTS AGREEMENT 

[See attachment]

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