Document:

EX-10.1

 Exhibit 10.1 

Published CUSIP No: 86723DAC0 (deal) 

No: 86723DAD8 (term loan) 
  

 
  

$50,000,000 
 TERM LOAN CREDIT
AGREEMENT 
 among 
 SUNCOKE
ENERGY PARTNERS, L.P., HAVERHILL COKE COMPANY LLC, MIDDLETOWN COKE COMPANY, LLC, HAVERHILL COGENERATION COMPANY LLC, MIDDLETOWN COGENERATION COMPANY LLC, SUNCOKE LAKE TERMINAL LLC, SUNCOKE LOGISTICS LLC, MARIGOLD DOCK, INC., CEREDO LIQUID TERMINAL,
LLC, KANAWHA RIVER TERMINALS, LLC, GATEWAY ENERGY & COKE COMPANY, LLC, and GATEWAY COGENERATION COMPANY LLC, 
 as joint and several
Borrowers, 
 The Several Lenders from Time to Time Parties Hereto, 

and 
 BANK OF AMERICA, N.A., 

as Administrative Agent 
 Dated as
of November 3, 2015 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 SECTION 1 DEFINITIONS
	  	 	1	  
			
	 1.1
	 	 Defined Terms
	  	 	1	  
	 1.2
	 	 Other Definitional Provisions
	  	 	28	  
	 1.3
	 	 Joint and Several Obligations; Borrowers’ Agent
	  	 	29	  
		
	 SECTION 2 AMOUNT AND TERMS OF COMMITMENTS
	  	 	29	  
			
	 2.1
	 	 Term Loan
	  	 	29	  
	 2.2
	 	 Procedure for Borrowing
	  	 	29	  
	 2.3
	 	 [Reserved]
	  	 	30	  
	 2.4
	 	 [Reserved]
	  	 	30	  
	 2.5
	 	 Fees, etc.
	  	 	30	  
	 2.6
	 	 [Reserved]
	  	 	30	  
	 2.7
	 	 Optional Prepayments
	  	 	30	  
	 2.8
	 	 Mandatory Prepayments
	  	 	30	  
	 2.9
	 	 Conversion and Continuation Options
	  	 	31	  
	 2.10
	 	 Limitations on Eurodollar Tranches
	  	 	31	  
	 2.11
	 	 Interest Rates and Payment Dates
	  	 	31	  
	 2.12
	 	 Computation of Interest and Fees
	  	 	32	  
	 2.13
	 	 Inability to Determine Interest Rate
	  	 	32	  
	 2.14
	 	 Pro Rata Treatment and Payments
	  	 	33	  
	 2.15
	 	 Requirements of Law
	  	 	34	  
	 2.16
	 	 Taxes
	  	 	35	  
	 2.17
	 	 Indemnity
	  	 	39	  
	 2.18
	 	 Change of Lending Office
	  	 	40	  
	 2.19
	 	 Replacement of Lenders
	  	 	40	  
	 2.20
	 	 Defaulting Lenders
	  	 	40	  
		
	 SECTION 3 [RESERVED]
	  	 	41	  
		
	 SECTION 4 REPRESENTATIONS AND WARRANTIES
	  	 	41	  
			
	 4.1
	 	 Financial Condition
	  	 	41	  
	 4.2
	 	 No Change
	  	 	42	  
	 4.3
	 	 Existence; Compliance with Law
	  	 	42	  
	 4.4
	 	 Power; Authorization; Enforceable Obligations
	  	 	42	  
	 4.5
	 	 No Legal Bar
	  	 	43	  
	 4.6
	 	 Litigation
	  	 	43	  
	 4.7
	 	 No Default
	  	 	43	  
	 4.8
	 	 Ownership of Property
	  	 	43	  
	 4.9
	 	 Intellectual Property
	  	 	43	  
	 4.10
	 	 Taxes
	  	 	43	  
	 4.11
	 	 Federal Regulations
	  	 	43	  
	 4.12
	 	 Labor Matters
	  	 	44	  
	 4.13
	 	 ERISA
	  	 	44	  

  
 i 

							
	 4.14
	 	 Investment Company Act; Other Regulations
	  	 	44	  
	 4.15
	 	 Subsidiaries
	  	 	44	  
	 4.16
	 	 Use of Proceeds
	  	 	44	  
	 4.17
	 	 Environmental Matters
	  	 	44	  
	 4.18
	 	 Accuracy of Information, etc.
	  	 	45	  
	 4.19
	 	 Security Documents
	  	 	46	  
	 4.20
	 	 Solvency
	  	 	46	  
	 4.21
	 	 OFAC
	  	 	46	  
	 4.22
	 	 Anti-Corruption Laws
	  	 	47	  
		
	 SECTION 5 CONDITIONS PRECEDENT
	  	 	47	  
			
	 5.1
	 	 Conditions to Initial Extension of Credit
	  	 	47	  
	 5.2
	 	 Conditions to Each Extension of Credit
	  	 	49	  
		
	 SECTION 6 AFFIRMATIVE COVENANTS
	  	 	50	  
			
	 6.1
	 	 Financial Statements
	  	 	50	  
	 6.2
	 	 Certificates; Other Information
	  	 	51	  
	 6.3
	 	 Payment of Obligations
	  	 	52	  
	 6.4
	 	 Maintenance of Existence; Compliance
	  	 	52	  
	 6.5
	 	 Maintenance of Property; Insurance
	  	 	53	  
	 6.6
	 	 Inspection of Property; Books and Records; Discussions
	  	 	53	  
	 6.7
	 	 Notices
	  	 	53	  
	 6.8
	 	 Environmental Laws
	  	 	54	  
	 6.9
	 	 Additional Collateral, etc.
	  	 	54	  
	 6.10
	 	 Payment of Taxes
	  	 	56	  
	 6.11
	 	 Designation of Subsidiaries
	  	 	56	  
	 6.12
	 	 Anti-Corruption Laws
	  	 	57	  
	 6.13
	 	 Post-Closing Mortgages
	  	 	57	  
		
	 SECTION 7 NEGATIVE COVENANTS
	  	 	57	  
			
	 7.1
	 	 Financial Condition Covenants
	  	 	57	  
	 7.2
	 	 Indebtedness
	  	 	58	  
	 7.3
	 	 Liens
	  	 	60	  
	 7.4
	 	 Fundamental Changes
	  	 	62	  
	 7.5
	 	 Disposition of Property
	  	 	62	  
	 7.6
	 	 Restricted Payments
	  	 	63	  
	 7.7
	 	 [Reserved]
	  	 	65	  
	 7.8
	 	 Investments
	  	 	65	  
	 7.9
	 	 Modifications of Certain Debt Instruments
	  	 	67	  
	 7.10
	 	 Transactions with Affiliates
	  	 	67	  
	 7.11
	 	 Sales and Leasebacks
	  	 	68	  
	 7.12
	 	 Changes in Fiscal Periods
	  	 	68	  
	 7.13
	 	 Restrictive Agreements
	  	 	68	  
	 7.14
	 	 Lines of Business
	  	 	70	  
	 7.15
	 	 Amendments to Transaction Documents
	  	 	70	  
	 7.16
	 	 Sanctions
	  	 	70	  
	 7.17
	 	 Anti-Corruption Laws
	  	 	70	  

							
		
	 SECTION 8 EVENTS OF DEFAULT
	  	 	71	  
		
	 SECTION 9 THE AGENTS
	  	 	73	  
			
	 9.1
	 	 Appointment
	  	 	73	  
	 9.2
	 	 Delegation of Duties
	  	 	73	  
	 9.3
	 	 Exculpatory Provisions
	  	 	74	  
	 9.4
	 	 Reliance by Administrative Agent
	  	 	74	  
	 9.5
	 	 Notice of Default
	  	 	74	  
	 9.6
	 	 Non-Reliance
	  	 	75	  
	 9.7
	 	 Indemnification
	  	 	75	  
	 9.8
	 	 Agent in Its Individual Capacity
	  	 	75	  
	 9.9
	 	 Successor Administrative Agent
	  	 	76	  
	 9.10
	 	 No Other Duties, Etc.
	  	 	76	  
	 9.11
	 	 Administrative Agent May File Proofs of Claim; Credit Bidding
	  	 	76	  
		
	 SECTION 10 MISCELLANEOUS
	  	 	78	  
			
	 10.1
	 	 Amendments and Waivers
	  	 	78	  
	 10.2
	 	 Notices
	  	 	79	  
	 10.3
	 	 No Waiver; Cumulative Remedies
	  	 	81	  
	 10.4
	 	 Survival of Representations and Warranties
	  	 	81	  
	 10.5
	 	 Payment of Expenses and Taxes
	  	 	81	  
	 10.6
	 	 Successors and Assigns; Participations and Assignments
	  	 	82	  
	 10.7
	 	 Adjustments; Set-off
	  	 	85	  
	 10.8
	 	 Counterparts
	  	 	86	  
	 10.9
	 	 Severability
	  	 	86	  
	 10.10
	 	 Integration
	  	 	86	  
	 10.11
	 	 GOVERNING LAW
	  	 	86	  
	 10.12
	 	 Submission To Jurisdiction; Waivers
	  	 	86	  
	 10.13
	 	 Acknowledgements
	  	 	87	  
	 10.14
	 	 Releases of Guarantees and Liens
	  	 	87	  
	 10.15
	 	 Confidentiality
	  	 	87	  
	 10.16
	 	 WAIVERS OF JURY TRIAL
	  	 	88	  
	 10.17
	 	 USA Patriot Act
	  	 	88	  
	 10.18
	 	 Joint and Several Liability of the Borrowers
	  	 	89	  
	 10.19
	 	 No Advisory or Fiduciary Responsibility
	  	 	89	  
	 10.20
	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	90	  

 SCHEDULES: 
  

			
	1.1A	 	Commitments
	1.1B	 	Mortgaged Properties; Other Properties
	4.15	 	Subsidiaries
	7.2(d)              	 	Existing Indebtedness
	7.3	 	Existing Liens
	7.8	 	Existing Investments
	10.2	 	Notice Information

 EXHIBITS: 

 

			
	A	 	Form of Guarantee and Collateral Agreement
	B	 	Form of Compliance Certificate
	C	 	Form of Closing Certificate
	D	 	Form of Mortgage
	E	 	Form of Assignment and Assumption
	F	 	Form of U.S. Tax Certificate
	G	 	Form of Note
	H        	 	Form of Loan Notice

  
 iv 

 TERM LOAN CREDIT AGREEMENT 

This TERM LOAN CREDIT AGREEMENT (this “Agreement”), dated as of November 3, 2015, among, SUNCOKE ENERGY PARTNERS, L.P.,
a Delaware limited partnership (the “MLP”), each direct or indirect subsidiary of the MLP listed as a “Borrower” on the signature pages hereto (together with the MLP, each a “Borrower” and collectively,
the “Borrowers”), the several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”), and BANK OF AMERICA, N.A., as administrative agent. 

The parties hereto hereby agree as follows: 

SECTION 1 
 DEFINITIONS 

1.1 Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set
forth in this Section 1.1. 
 “ABR”: for any day, a fluctuating rate per annum equal to the highest of
(a) the Federal Funds Effective Rate plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate” and (c) the Eurodollar Base Rate
plus 1.0%. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced rate. Any change in such “prime rate” announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of
such change. 
 “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR. 

“Accounting Changes”: as defined in the definition of GAAP. 

“Acquired Debt”: Indebtedness of a Person existing at the time the Person is acquired by, or merges with or into the MLP or
any Restricted Subsidiary or becomes a Restricted Subsidiary, whether or not such Indebtedness is incurred in connection with, or in contemplation of, the Person being acquired by or merging with or into or becoming a Restricted Subsidiary. 

“Additional Assets”: all or substantially all of the assets of a Permitted Business, or Capital Stock of another Person
engaged in a Permitted Business that will, on the date of acquisition, be a Restricted Subsidiary, or other non-current assets (other than cash and Cash Equivalents or securities (including Capital Stock)) that are to be used in a Permitted
Business. 
 “Adjustment Date”: as defined in the definition of Applicable Pricing Grid. 

“Administrative Agent”: Bank of America, as the administrative agent for the Lenders under this Agreement and the other Loan
Documents, together with any of its successors. 
 “Administrative Questionnaire”: an Administrative Questionnaire in the
form from time to time used by by the Administrative Agent. 
 “Affiliate”: as to any Person, any other Person that,
directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of
the management and policies of such Person, whether through the exercise of voting power, by contract or otherwise. “Controlled” has a meaning correlative thereto. 

  
 1 

 “Agent Indemnitee”: as defined in Section 9.7. 

“Agreement”: as defined in the preamble hereto. 

“Applicable Margin”: for each Type of Loan the rate per annum set forth under the relevant column heading below: 

 

							
	ABR Loans	 	 	Eurodollar Loans	 
	 	1.50	% 	 	 	2.50	% 

 , provided, that on and after the Adjustment Date occurring with respect to the Fiscal Quarter ending December 31,
2015, the Applicable Margin will be determined pursuant to the Applicable Pricing Grid. 
 “Applicable Pricing Grid”: the
table set forth below: 
  

									
	 Consolidated Leverage

Ratio
	 	Applicable Margin
for Eurodollar Loans	 	 	Applicable Margin
for ABR Loans	 
	> 3.00:1.00	 	 	2.50	% 	 	 	1.50	% 
	£ 3.00:1.00 but > 2.00:1.00	 	 	2.25	% 	 	 	1.25	% 
	£ 2.00:1.00	 	 	2.00	% 	 	 	1.00	% 

 For the purposes of the Applicable Pricing Grid, changes in the Applicable Margin resulting from changes in
the Consolidated Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which financial statements are delivered to the Lenders pursuant to Section 6.1 and
shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 6.1, then, until the date that is three
Business Days after the date on which such financial statements are delivered, the highest rate set forth in each column of the Applicable Pricing Grid shall apply. In addition, at all times while an Event of Default shall have occurred and be
continuing, the highest rate set forth in each column of the Applicable Pricing Grid shall apply. Each determination of the Consolidated Leverage Ratio pursuant to the Applicable Pricing Grid shall be made in a manner consistent with the
determination thereof pursuant to Section 7.1. 
 “Applicable Percentage”: as to any Lender at any time, with
respect to such Lender’s portion of the outstanding Loans at any time, the percentage (carried out to the ninth decimal place) of the outstanding principal amount of the Loans held by such Lender at such time. 

“Approved Fund”: as defined in Section 10.6(b). 

“Asset Sale”: any Disposition of property or series of related Dispositions of property that are either (a) not
permitted under this Agreement or (b) permitted by Section 7.5(p) that yields gross proceeds to any Group Member (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt
securities and valued at fair market value in the case of other non-cash proceeds) in excess of $500,000. 
 “Assignee”: as
defined in Section 10.6(b). 

  
 2 

 “Assignment and Assumption”: an Assignment and Assumption, substantially in the
form of Exhibit E or any other form (including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent. 

“Bankruptcy Event”: with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or
has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the
Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership
interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any
contracts or agreements made by such Person. 
 “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. The terms
“Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 
 “Benefitted Lender”: as
defined in Section 10.7(a). 
 “Board”: the Board of Governors of the Federal Reserve System of the United
States (or any successor). 
 “Borrower” and “Borrowers”: as defined in the preamble hereto. 

“Borrower Materials”: as defined in Section 6.2. 

“Borrowers’ Agent”: the MLP, in its capacity as agent for the Borrowers and the other Loan Parties, as more fully
described in Section 1.3(b). 
 “Borrowing Date”: any Business Day specified by a Borrower as a date on which
such Borrower requests the relevant Lenders to make Loans hereunder. 
 “Business”: as defined in
Section 4.17(b). 
 “Business Day”: any day other than a Saturday, Sunday or other day on which commercial
banks are authorized to close under the laws of, or are in fact closed in, the state where the Funding Office is located and, if such day relates to any Eurodollar Loan, means any such day that is also a day on which dealings in Dollar deposits are
conducted by and between banks in the London interbank eurodollar market. 
 “Capital Lease Obligations”: as to any Person,
the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for
as capital leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 

  
 3 

 “Capital Stock”: any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 

“Cash Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States
government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or
overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not
less than $500,000,000; (c) commercial paper of an issuer rated at least A-1 by Standard & Poor’s Ratings Services (“S&P”) or P-1 by Moody’s Investors Service, Inc. (“Moody’s”), or
carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition;
(d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by
the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing
authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by
S&P or A by Moody’s; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of
this definition; (g) money market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition; or (h) money market funds that (i) comply with the
criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000. 

“Closing Date”: November 3, 2015. 

“Code”: the Internal Revenue Code of 1986, as amended from time to time, and the regulations thereunder. 

“Collateral”: all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created
by any Security Document. 
 “Commitment”: as to any Lender, the obligation of such Lender, if any, to make its portion of
the Term Loan to the Borrowers pursuant to Section 2.1 in the principal amount set forth under the heading “Commitment” opposite such Lender’s name on Schedule 1.1A. The amount of the Commitments of all of the
Lenders as of the Closing Date is $50,000,000. 
 “Compliance Certificate”: a certificate duly executed by a Responsible
Officer substantially in the form of Exhibit B. 
 “Consolidated Current Liabilities”: as of any date of
determination, the aggregate amount of liabilities of the MLP and its consolidated Restricted Subsidiaries which may properly be classified as current liabilities (including taxes accrued as estimated), after eliminating (a) all intercompany
items between the MLP and any Restricted Subsidiary or between Restricted Subsidiaries and (b) all current maturities of long-term Indebtedness. 

  
 4 

 “Consolidated EBITDA”: for any period, the result obtained by subtracting the
amount determined pursuant to clause (B) below for such period from the amount determined pursuant to clause (A) below for such period: 

(A) Consolidated Net Income for such period plus the sum of (a) provision for Taxes, based on income or profits of
the MLP and the Restricted Subsidiaries for such period, to the extent that such amounts were deducted in computing Consolidated Net Income, plus (b) Fixed Charges of the MLP and the Restricted Subsidiaries for such period, to the extent
that any such Fixed Charges were deducted in computing such Consolidated Net Income, plus (c) depreciation, amortization (including amortization of intangibles but excluding amortization of prepaid cash expenses that were paid in a prior
period) and other non-cash charges or expenses (excluding any such non-cash charge or expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash charge or expense that
was paid in a prior period) of the MLP and the Restricted Subsidiaries for such period to the extent that such depreciation, amortization and other non-cash expenses were deducted in computing such Consolidated Net Income, plus (d) the
“run-rate” Consolidated Net Income plus amounts added to Consolidated Net Income in accordance with clauses (a) through (c) of this definition to calculate Consolidated EBITDA (the “Operational EBITDA”) of any
asset acquired, constructed, designed, installed or improved that has not been fully constructed, complete and operational in the business of the MLP and its Restricted Subsidiaries for at least four full Fiscal Quarters; provided that
(A) the Operational EBITDA of such asset shall be determined based upon the annualized Operational EBITDA of such asset projected in good faith by a responsible financial or accounting officer of the General Partner to be realized no later than
12 months after such asset is fully constructed, complete and operational in the business of the MLP and its Restricted Subsidiaries and (B) the aggregate amount by which Consolidated EBITDA is increased pursuant to this clause (d)
shall not exceed 10% of Consolidated Net Income for any period of four consecutive Fiscal Quarters, plus (e) any extraordinary loss or net loss realized by the MLP or any of its Restricted Subsidiaries in connection with any Asset Sale,
to the extent such losses were deducted in computing Consolidated Net Income, minus or plus, as the case may be, (f) all extraordinary, unusual or non-recurring items of gain (loss) or expense to the extent deducted or added in
computing Consolidated Net Income, minus or plus, as the case may be, (g) non-cash items increasing or decreasing such Consolidated Net Income for such period, other than the accrual of revenue or expense in the ordinary course of
business, plus (h) sales discounts provided by the MLP or any Restricted Subsidiary to customers due to sharing of nonconventional fuels tax credits, in each case, on a consolidated basis and determined in accordance with GAAP minus 

(B) the pro rata portion of the amount determined pursuant to the foregoing clause (A) that is attributable to minority
interests in each Restricted Subsidiary of the MLP that are owned by a Person other than the MLP or a wholly-owned Restricted Subsidiary. 

Notwithstanding the foregoing, the provision for taxes based on the income or profits of, and the depreciation and amortization and other
non-cash expenses of, a Restricted Subsidiary will be added to Consolidated Net Income to compute Consolidated EBITDA only to the extent that a corresponding amount would be permitted at the date of determination to be dividended or distributed to
the MLP by such Restricted Subsidiary without prior governmental approval (that has not been obtained), and without direct or indirect restriction pursuant to the terms of its charter or any agreements, instruments, judgments, decrees, orders,
statutes, rules and governmental regulations applicable to that Restricted Subsidiary or its stockholders. 

  
 5 

 “Consolidated Interest Coverage Ratio”: for any period, the ratio of
(a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period calculated on a Pro Forma Basis. 

“Consolidated Interest Expense”: for any period, total cash interest expense (including that attributable to Capital Lease
Obligations) of the MLP and its Restricted Subsidiaries for such period with respect to all outstanding Indebtedness of the MLP and its Restricted Subsidiaries (including all commissions, discounts and other fees and charges owed with respect to
letters of credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance with GAAP) net of cash interest income. 

“Consolidated Leverage Ratio”: as at the last day of any period, the ratio of (a) Consolidated Total Debt on such day
to (b) Consolidated EBITDA for such period calculated on a Pro Forma Basis. 
 “Consolidated Net Income”: for
any period, the aggregate of the net income (loss) of the MLP and the Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that (a) the net income of any Person that is not a
Restricted Subsidiary or that is accounted for by the equity method of accounting will be included only to the extent of the amount of dividends or distributions paid in cash to the MLP or a Restricted Subsidiary (subject, in the case of dividends
or distributions paid to a Restricted Subsidiary, to the limitations contained in clause (b) hereof); (b) the net income (but not the net loss) of any Restricted Subsidiary will be excluded to the extent that the declaration or payment of
dividends or similar distributions by that Restricted Subsidiary of that net income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the
terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Person or its stockholders; (c) the net income (loss) of any Person acquired during the specified period for
any period prior to the date of the acquisition will be excluded (except to the extent, for any calculation done on a Pro Forma Basis, such net income (loss) is intended to be included by the definition of Pro Forma Basis); (d) any gain or
loss, together with any related provision for taxes on such gain or loss, realized in connection with: (i) any sale of assets outside the ordinary course of business of the MLP or any Restricted Subsidiary; or (ii) the disposition of any
securities by the MLP or any Restricted Subsidiary or the extinguishment of any Indebtedness of the MLP or any Restricted Subsidiary, will be excluded; (e) any extraordinary, non-recurring or unusual gain or loss, together with any related
provision for taxes on such extraordinary, non-recurring or unusual gain or loss will be excluded; (f) any unrealized gain or loss included in net income due to marking Hedging Agreements to market shall be excluded; (g) any non-cash
compensation expense realized for grants of performance shares, stock options or other rights of officers, directors and employees of the MLP and any Restricted Subsidiary will be excluded; provided that such shares, options or other rights can be
redeemed at the option of the holder only for Qualified Capital Stock of the MLP or any Restricted Subsidiary; (h) the cumulative effect of a change in accounting principles will be excluded; (i) to the extent deducted in the calculation
of net income, any non-recurring charges associated with any premium or penalty paid, write-offs of deferred financing costs or other financial recapitalization charges in connection with redeeming or retiring any Indebtedness prior to its Stated
Maturity will be added back to arrive at Consolidated Net Income; and (j) notwithstanding clause (a) above (but without duplication), the cash distributions actually received by the Borrower or a Restricted Subsidiary from (i) an
Unrestricted Subsidiary that is controlled directly or indirectly by the Parent or the MLP or (ii) any joint venture in respect of the MLP’s or a Restricted Subsidiary’s Capital Stock ownership in such joint venture will be included.

 “Consolidated Net Tangible Assets”: as of any date of determination, (a) the sum of all amounts that would, in
accordance with GAAP, be set forth opposite the caption “total assets” (or any like caption) on a consolidated balance sheet of the MLP and its Restricted Subsidiaries minus (b) the sum of all amounts that would, in accordance
with GAAP, be set forth opposite the captions “goodwill” or other 

  
 6 

 
intangible categories (or any like caption) on a consolidated balance sheet of the MLP and its Restricted Subsidiaries minus (c) Consolidated Current Liabilities, all determined as of
such date and after giving pro forma effect to any transactions occurring on such date. 
 “Consolidated Senior Secured
Debt”: all Consolidated Total Debt secured by a Lien on any assets of the MLP or Restricted Subsidiary. 
 “Consolidated
Senior Secured Debt Ratio”: as of the last day of any period of four consecutive Fiscal Quarters, the ratio of (a) Consolidated Senior Secured Debt on such day to (b) Consolidated EBITDA for such period. 

“Consolidated Total Debt”: at any date, the aggregate principal amount of all Funded Debt of the MLP and its Restricted
Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP. 
 “Continuing Directors”: the
directors of the General Partner on the Closing Date and each other director, if, in each case, (a) such other director was nominated, appointed or approved for election by the board of directors of the General Partner or (b) such other
director was appointed to the board of directors of the General Partner by a majority of the then Continuing Directors. 

“Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“control” and “controlled”: as defined in the definition of Affiliate. 

“Credit Party”: the Administrative Agent or any Lender. 

“Default”: any of the events specified in Section 8, whether or not any requirement for the giving of notice, the
lapse of time, or both, has been satisfied. 
 “Defaulting Lender”: any Lender that (a) has failed, within two
Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, or (ii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such
Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default or breach of a
representation, if any) has not been satisfied, (b) has notified the Borrowers’ Agent or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding
obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default,
if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by a Credit Party, acting in good faith, to
provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is prepared to meet such obligations) to fund prospective Loans under this Agreement, provided that such Lender shall
cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of a
Bankruptcy Event. 
 “Designated Jurisdiction” means any country or territory to the extent that such country or territory
itself is the subject of any Sanction. 

  
 7 

 “Disposition”: with respect to any property, any sale, lease, sale and
leaseback, assignment, conveyance, transfer or other disposition thereof. The terms “Dispose” and “Disposed of” shall have correlative meanings. 

“Disqualified Capital Stock”: any Capital Stock which, by its terms (or by the terms of any security or other Capital Stock
into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Capital Stock or solely at the direction of the issuer),
pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior
repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Capital Stock and cash in lieu
of fractional shares), in whole or in part, (c) provides for mandatory scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Capital Stock that would constitute
Disqualified Capital Stock, in each case, prior to the date that is ninety-one days after the Termination Date; provided that if such Capital Stock is issued pursuant to a plan for the benefit of employees of the MLP or any of its Restricted
Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by the MLP or any of its Restricted Subsidiaries in order to satisfy
applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability. 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Environmental Laws”: any and all applicable foreign, Federal, state, local or municipal laws, rules, orders, regulations,
statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 
 “ERISA”: the Employee Retirement Income Security Act of
1974, as amended from time to time, and the rulings and regulations thereunder. 
 “ERISA Affiliate”: any trade or business
(whether or not incorporated) that, together with any Group Member, is treated as a single employer under Section 414 of the Code. 

“ERISA Event”: (a) the occurrence of any Reportable Event; (b) with respect to a Plan, the failure to satisfy the
minimum funding standard of Sections 412 and 430 of the Code and Sections 302 and 303 of ERISA, whether or not waived; (c) the failure to make by its due date the minimum required contribution under Section 430 of the Code with
respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (d) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding
standard with respect to any Plan; (e) a determination that any Pension Plan is, or is expected to be, in “at risk” status within the meaning of Section 430 of the Code or Section 303 of ERISA; (f) the incurrence by any
Group Member or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan or Multiemployer Plan; (g) the receipt by any Group Member or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, or the occurrence of any event or condition which could reasonably be expected to constitute grounds under ERISA for
the termination of, or the appointment of a trustee to administer, any Plan; (h) the incurrence by any Group Member or any ERISA Affiliate of any liability under Title IV of ERISA with respect to a complete or partial withdrawal from any
Plan or 

  
 8 

 
Multiemployer Plan; (i) the receipt by any Group Member or any ERISA Affiliate of any notice concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan
is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA, or in “endangered” or “critical” status within the meaning of Section 432 of the Code or Section 305 of ERISA or
terminated within the meaning of Section 4041A of ERISA; (j) an amendment to any Plan which could result in the imposition of a Lien or the posting of a bond or other security; (k) the occurrence of a nonexempt Prohibited Transaction
which could reasonably be expected to result in a liability to any Group Member or any ERISA Affiliate; and (l) an increase in the liability of any Group Member or ERISA Affiliate for the provision of post-employment health or life insurance
benefits to any Person. 
 “Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate
(without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves) under any regulations of the Board or other Governmental
Authority having jurisdiction with respect thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of
the Federal Reserve System. 
 “Eurodollar Base Rate”: 

(a) for any Interest Period with respect to a Eurodollar Loan, the rate per annum equal to the London Interbank Offered Rate
(“LIBOR”) or, if LIBOR is unavailable, a comparable or successor rate, approved by the Administrative Agent, as published by Bloomberg (or such other commercially available source providing such quotations as may be designated by
the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the
first day of such Interest Period) with a term equivalent to such Interest Period; and 
 (b) for any interest calculation with respect to a
ABR Loan on any date, the rate per annum equal to the LIBOR Rate, at approximately 11:00 a.m., London time determined two Business Days prior to such date for Dollar deposits with a term of one month commencing that day; 

provided that (i) to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the
approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied as
otherwise reasonably determined by the Administrative Agent and (ii) if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 

“Eurodollar Loans”: Loans the rate of interest applicable to which is based upon the definition of Eurodollar Rate. 

“Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum
determined for such day in accordance with the following formula: 
  

					
		 	 Eurodollar Base Rate (determined pursuant to clause (a) of the definition thereof)
	 	
		 	1.00 - Eurocurrency Reserve Requirements	 	

  
 9 

 “Eurodollar Tranche”: the collective reference to Eurodollar Loans the then
current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day). 

“Event of Default”: any of the events specified in Section 8, provided that any requirement for the giving
of notice, the lapse of time, or both, has been satisfied. 
 “Exchange Act”: the Securities Exchange Act of 1934, as
amended. 
 “Excluded Collateral”: as defined in the Guarantee and Collateral Agreement. 

“Excluded Subsidiary”: any (a) Foreign Subsidiary and (b) any Immaterial Subsidiary. 

“Excluded Taxes”: any of the following Taxes imposed on or with respect to a Credit Party or required to be withheld or
deducted from a payment to a Credit Party: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case (i) imposed as a result of such Credit Party being organized under the
laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the
case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender
acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower’s Agent under Section 2.19) or (ii) such Lender changes its lending office, except in each case to the extent that,
pursuant to Section 2.16(a), amounts with respect to such Taxes were payable either to the Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office,
(c) Taxes attributable to such Credit Party’s failure to comply with Section 2.16(f) and (d) any U.S. withholding Taxes imposed under FATCA. 

“Fair Market Value”: with respect to any property, the price that would be paid by a willing buyer to a willing seller in a
transaction where neither the buyer nor the seller is under undue pressure or compulsion to complete the transaction. Fair Market Value shall be determined, except as otherwise provided, (a) if such property has a Fair Market Value equal to or
less than $25,000,000, by any officer of the General Partner; or (b) if such property has a Fair Market Value in excess of $25,000,000, by at least a majority of the disinterested members of the board of directors of the General Partner. 

“FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code and any
intergovernmental agreement entered into in connection with the implementation of such Sections of the Code. 
 “Federal Funds
Effective Rate”: for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the
Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next
succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%)
charged to Bank of America on such day on such transactions as determined by the Administrative Agent. 

  
 10 

 “Fee Letter”: the fee letter dated November 3, 2015 between the MLP and the
Administrative Agent. 
 “FinCo”: SunCoke Energy Partners Finance Corp., a Delaware corporation. 

“Fiscal Quarter”: a fiscal quarter of the MLP. 

“Fiscal Year”: a fiscal year of the MLP. 

“Fixed Charges”: for any period, the sum of: (a) Interest Expense less interest income for such period; and
(b) cash and non-cash dividends, whether paid or accrued, on any series of Disqualified Capital Stock of the MLP or a Restricted Subsidiary, except for dividends payable solely in the MLP’s Qualified Capital Stock or paid to the MLP or to
a Restricted Subsidiary. 
 “Foreign Benefit Arrangement”: any employee benefit arrangement mandated by non-U.S. law that
is maintained or contributed to by any Group Member or any Affiliate thereof. 
 “Foreign Plan”: each employee benefit plan
(within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA) that is maintained or contributed to by any Group Member for workers located outside of the United States. 

“Foreign Plan Event”: with respect to any Foreign Benefit Arrangement or Foreign Plan, (a) a failure to make or, if
applicable, accrue in accordance with the applicable jurisdiction’s accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Benefit Arrangement or Foreign Plan; (b) a failure
to register or a loss of good standing with applicable regulatory authorities of any such Foreign Benefit Arrangement or Foreign Plan required to be registered; or (c) the failure of any Foreign Benefit Arrangement or Foreign Plan to comply
with any provisions of applicable law and regulations or with the terms of such Foreign Benefit Arrangement or Foreign Plan. 

“Foreign Subsidiary”: (a) any Subsidiary of the MLP that is not organized under the laws of any jurisdiction within the
United States, (b) each Subsidiary of the MLP organized under the laws of any jurisdiction within the United States substantially all of the assets of which consist, directly or indirectly, of Capital Stock of Subsidiaries described in
clause (a), (c) any Subsidiary of any Foreign Subsidiary and (d) any Subsidiary of the MLP organized under the laws of any jurisdiction within the United States that is a partnership or disregarded as an entity separate from its owner
for U.S. federal tax purposes and has a partner, member or owner that is described in clause (a). 
 “Funded Debt”: as to
the MLP and its Restricted Subsidiaries, without duplication, all consolidated Indebtedness of the type set forth in clauses (a), (b), (c) (but only with respect to reimbursement obligations related thereto), (e) and (f) of the
definition of Indebtedness and all Guarantee Obligations in respect thereof. 
 “Funding Office”: the Administrative
Agent’s address and, as appropriate, account as set forth on Schedule 10.2 or such other address or account as the Administrative Agent may from time to time notify to the Borrower’s Agent and the Lenders. 

“GAAP”: generally accepted accounting principles in the United States as in effect from time to time, except that for
purposes of Section 7.1, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements referred to in
Section 4.1(b); provided, that for the purposes of Section 7.1, in the 

  
 11 

 
event that any “Accounting Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or terms in this
Agreement, then the Borrowers’ Agent and the Administrative Agent agree to enter into negotiations in order to amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria
for evaluating the MLP’s financial condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrowers, the
Administrative Agent and the Majority Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers
to changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC. 

“General Partner”: SunCoke Energy Partners GP LLC, a Delaware limited liability company. 

“Governmental Authority”: any nation or government, any state or other political subdivision thereof, any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory
organization (including the National Association of Insurance Commissioners). 
 “Group Members”: the collective reference
to the MLP and its Restricted Subsidiaries. 
 “Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement
to be executed and delivered by the Borrowers and each Subsidiary Guarantor, substantially in the form of Exhibit A. 

“Guarantee Obligation”: as to any Person (the “guaranteeing person”), any obligation, including a
reimbursement, counterindemnity or similar obligation, of the guaranteeing Person that guarantees or in effect guarantees, or which is given to induce the creation of a separate obligation by another Person (including any bank under any letter of
credit) that guarantees or in effect guarantees, any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly
or indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds
(1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase
property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the
owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The
amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and
(b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrowers’ Agent in good
faith. 
 “guaranteeing person”: as defined in the definition of Guarantee Obligation. 

  
 12 

 “Guarantors”: the collective reference to the Subsidiary Guarantors. 

“Hedging Agreement”: (i) any interest rate swap agreement, interest rate cap agreement, interest rate future agreement,
interest rate option agreement, interest rate hedge agreement or other agreement or arrangement designed to protect against or mitigate interest rate risk, (ii) any foreign exchange forward contract, currency swap agreement, currency option
agreements or other agreement or arrangement designed to protect against or mitigate foreign exchange risk or (iii) any commodity or raw material futures contract, commodity hedge agreement, any actual or synthetic forward sale contract or
other similar device or instrument or any other agreement designed to protect against or mitigate raw material price risk. 

“Immaterial Subsidiary”: as of any date determination, any Restricted Subsidiary of the MLP that individually or in the
aggregate together with other Restricted Subsidiaries of the MLP does not have (i) assets with a value in excess of $5,000,000 or (ii) revenues (for the most recently completed period of four consecutive Fiscal Quarters) in excess of
$5,000,000. 
 “Indebtedness”: with respect to any Person, without duplication, (a) all indebtedness of such Person
for borrowed money (it being understood that outstanding letters of credit shall not constitute obligations for borrowed money unless such letters of credit have been drawn on by the beneficiary thereof and the resulting reimbursement obligations
have not been paid); (b) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments (other than any obligations in respect of performance bonds, bid bonds, appeal bonds, surety bonds, reclamation bonds and
completion guarantees and similar obligations or with respect to workers’ compensation benefits); (c) all obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar instruments (solely to the
extent such letters of credit, bankers’ acceptances or other similar instruments have been drawn); (d) all obligations of such Person to pay the deferred and unpaid purchase price of property or services provided by third-party service
providers which are recorded as liabilities under GAAP, excluding (i) trade payables, accrued expenses or royalties, (ii) inter-company payables, (iii) working capital-based and other customary post-closing adjustments in acquisition
transactions and (iv) salary and other employee compensation obligations; (e) Capital Lease Obligations; (f) Disqualified Capital Stock issued by the MLP; (g) all Guarantee Obligations with respect to Indebtedness; (h) all
Indebtedness of other Persons secured by a Lien on any asset of such Person (other than Liens on Capital Stock of Unrestricted Subsidiaries and Foreign Subsidiaries), whether or not such Indebtedness is assumed by such Person; and (i) all
obligations of such Person under Hedging Agreements; provided that in no event shall Indebtedness include (x) obligations (other than obligations with respect to Indebtedness for borrowed money or other Funded Debt) related to surface
rights under an agreement for the acquisition of surface rights for the production of coal reserves in the ordinary course of business in a manner consistent with historical practice of the MLP (including the Parent and its Subsidiaries, as its
predecessor) and its Restricted Subsidiaries or (y) minimum payment, supply or take-or-pay obligations contained in supply or other arrangements of the MLP and its Restricted Subsidiaries. 

The amount of Indebtedness of any Person will be deemed to be: (a) with respect to Indebtedness secured by a Lien on an asset of such
Person but not otherwise the obligation, contingent or otherwise, of such Person, the lesser of (x) the Fair Market Value of such asset on the date the Lien attached and (y) the amount of such Indebtedness; (b) with respect to any
Indebtedness issued with original issue discount, the face amount of such Indebtedness less the remaining unamortized portion of the original issue discount of such Indebtedness; (c) with respect to any Hedging Agreement, the amount payable
(determined after giving effect to all contractually permitted netting) if such Hedging Agreement terminated at that time; and (d) otherwise, the outstanding principal amount thereof. 

“Indemnified Liabilities”: as defined in Section 10.5. 

  
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 “Indemnified Taxes”: Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by any Loan Party under any Loan Document. 
 “Indemnitee”: as defined in
Section 10.5. 
 “Intellectual Property”: the collective reference to all rights, priorities and privileges
relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, technology, know-how and
processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Interest Expense”: for any period, the consolidated interest expense of the MLP and its Restricted Subsidiaries, plus, to
the extent not included in such consolidated interest expense, and to the extent incurred, accrued or payable by the MLP or its Restricted Subsidiaries, without duplication, (i) interest expense attributable to Capital Lease Obligations,
(ii) original issue discount, (iii) capitalized interest, (iv) non-cash interest expense (other than non-cash interest expense attributable to movement in mark to market valuation of obligations under Hedging Agreements or other
derivatives under GAAP), and (v) net of the effect of all payments made or received pursuant to Swap Agreements but excluding (a) amortization of deferred financing fees, debt issuance costs and commissions, fees and expenses and the
expensing of any bridge, commitment or other financing fees, commissions, discounts, yield and other fees and charges (including any interest expense) and (b) non-cash interest expense attributable to movement in mark to market valuation of
obligations under Hedging Agreements or other derivatives under GAAP. 
 “Interest Payment Date”: (a) as to any ABR
Loan, the last day of each March, June, September and December (or, if an Event of Default is in existence, the last day of each calendar month) to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any
Eurodollar Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer than three months, each day that is three months, or a whole multiple
thereof, after the first day of such Interest Period and the last day of such Interest Period, and (d) as to any Eurodollar Loan, the date of any repayment or prepayment made in respect thereof. 

“Interest Period”: as to each Eurodollar Loan, the period commencing on the date such Eurodollar Loan is disbursed or
converted to or continued as a Eurodollar Loan and ending on the date one, two, three or six months thereafter, as selected by the applicable Borrower in its Loan Notice; provided that: 

(i) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding
Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

(ii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(iii) no Interest Period shall extend beyond the Termination Date. 

“Investment”: as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of
(a) the purchase or other acquisition of Capital Stock or debt or other securities of another Person, (b) a loan, advance or capital contribution to, guarantee or assumption of debt of, or 

  
 14 

 
purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person or (c) the
purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person.
For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested (whether in cash or other assets (calculated at the fair market value with respect to any assets)), without adjustment for subsequent increases
or decreases in the value of such Investment, less any amount paid, repaid, returned, distributed or otherwise received in cash in respect of such Investment. 

“IRS”: the United States Internal Revenue Service. 

“Lender Parent”: with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

 “Lenders”: as defined in the preamble hereto. 

“Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge
or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having
substantially the same economic effect as any of the foregoing). 
 “Loan” or “Loans”: as the context
requires, the Term Loan and/or any ABR Loan or Eurodollar Loan comprising the Term Loan. 
 “Loan Documents”: this
Agreement, the Security Documents, the Notes, the Fee Letter and any amendment, waiver, supplement or other modification to any of the foregoing. 

“Loan Notice” means a notice of (a) a borrowing of a Loan, (b) a conversion of Loans from one Type to the other, or
(c) a continuation of Eurodollar Loans, in each case pursuant to Section 2.2 or 2.9, which shall be substantially in the form of Exhibit H or such other form as may be approved by the Administrative Agent (including
any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent) appropriately completed and signed by a Responsible Officer of the applicable Borrower. 

“Loan Party”: each Group Member that is a party to a Loan Document. For the avoidance of doubt, it is agreed that no Excluded
Subsidiary shall be a Loan Party unless such Excluded Subsidiary is a borrower or guarantor in respect of the Revolving Credit Facility. 

“Majority Lenders”: (a) if there is only one Lender, such lender and (b) otherwise, at least two Lenders holding
more than 50% of the aggregate unpaid principal amount of the Loans. The outstanding unpaid principal amount of the Loans of any Defaulting Lender shall be disregarded in determining Majority Lenders at any time. 

“Material Adverse Effect”: a material adverse effect on (a) the business, property, operations, or condition (financial
or otherwise) of the MLP and its Restricted Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or any of the other Loan Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder
or thereunder. 
 “Material Indebtedness”: means any Indebtedness of the MLP or its Restricted Subsidiaries in an aggregate
principal amount in excess of the Threshold Amount. 

  
 15 

 “Materials of Environmental Concern”: any gasoline or petroleum (including crude
oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, or pollutants, defined or regulated as such in or under any Environmental Law, including asbestos, polychlorinated biphenyls, urea
formaldehyde insulation, coal combustion byproducts or waste, boiler slag, scrubber residue, or flue desulphurization residue. 

“Mine”: any excavation or opening into the earth now and hereafter made from which coal is or can be extracted from any real
property. 
 “Mining Laws”: any and all applicable federal, state, local and foreign statutes, laws, regulations,
legally-binding guidance, ordinances, rules, judgments, orders, decrees or common law causes of action relating to mining operations and activities under the Mineral Leasing Act of 1920, the Federal Coal Leasing Amendments Act or the Surface Mining
Control and Reclamation Act, each as amended or its replacement, and their state and local counterparts or equivalents. 
 “Mining
Lease”: a lease, license or other use agreement which provides the MLP or any Subsidiary the real property and water rights, other interests in land, including coal, mining and surface rights, easements, rights of way and options, and
rights to timber and natural gas (including coalbed methane and gob gas) necessary or desirable in order to recover coal from any Mine. Leases which provide the MLP or any other Subsidiary the right to construct and operate a conveyor, crusher
plant, silo, load out facility, rail spur, shops, offices and related facilities on the surface of any real property containing such reserves shall also be deemed a Mining Lease. 

“Moody’s”: as defined in the definition of Cash Equivalents. 

“Mortgaged Properties”: the real properties listed in Part A of Schedule 1.1B, as to which the Administrative
Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages. 
 “Mortgages”: each of the
mortgages and deeds of trust made by any Loan Party in favor of, or for the benefit of, the Administrative Agent for the benefit of the Lenders, substantially in the form of Exhibit D (with such changes thereto as shall be advisable
under the law of the jurisdiction in which such mortgage or deed of trust is to be recorded). 
 “Multiemployer Plan”: a
multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
 “Net Cash Proceeds”: (a) in connection with any
Asset Sale or any Recovery Event, the proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment
receivable or otherwise, but only as and when received) actually received by the MLP or any of its Restricted Subsidiaries, net of (i) attorneys’ fees, accountants’ fees, insurance adjusters’, environmental consultants’,
engineers’, architects’ and other professionals’ and consultants’ fees, environmental impact assessment, environmental inspection and other property-related report, inspection and testing fees and charges, investment banking
fees, survey, engineering and inspection costs, title insurance premiums, title opinions and related search and recording charges, zoning report fees and charges, transfer taxes, deed or mortgage recording taxes and brokerage, appraisal, consultant
and other customary fees and expenses actually incurred in connection therewith, (ii) amounts required to be applied to the repayment of Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the subject of such Asset
Sale or Recovery Event (other than any Lien pursuant to a Security Document) and other customary fees and expenses actually incurred in connection therewith and net of taxes paid or reasonably estimated to be payable as a result thereof (after
taking into account any available tax credits or deductions and any tax sharing arrangements), (iii) in the case of any Asset Sale or Recovery Event by a non-wholly owned 

  
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Restricted Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (iii)) attributable to minority interests and not available for distribution
to or for the account of the MLP or a wholly-owned Restricted Subsidiary as a result thereof (it being understood that such pro rata portion, subject to compliance with Section 7.6, shall be available for distribution to the holder(s) of
such minority interest), (iv) taxes paid or reasonably estimated to be payable as a result thereof, (v) any funded escrow established pursuant to the documents evidencing any such sale or disposition to secure any indemnification
obligations or adjustments to the purchase price associated with any such sale or disposition (provided that to the extent that any amounts are released from such escrow to the MLP or a Restricted Subsidiary, such amounts net of any related expenses
shall constitute Net Cash Proceeds) and (vi) without duplication of clause (v) above, the amount of any reasonable reserve established in accordance with GAAP against any adjustment to the sale price or any liabilities (other than
any taxes deducted pursuant to clause (i) above) (x) related to any of the applicable assets and (y) retained by the MLP or any of the Restricted Subsidiaries including, without limitation, pension plan and other post
employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations (however, the amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any
such liability) shall be deemed to be Net Cash Proceeds of such Asset Sale or Recovery Event occurring on the date of such reduction); provided, that, if no Event of Default under Section 8(a) or (f) exists and the MLP
intends in good faith to use any portion of such proceeds to acquire, maintain, develop, construct, improve, upgrade or repair Additional Assets or other assets useful in the business of the MLP or its Restricted Subsidiaries or to make Permitted
Acquisitions, in each case within 15 months of such receipt (the “Reinvestment Period”), such portion of such proceeds shall not constitute Net Cash Proceeds except to the extent, within the Reinvestment Period, not so used or
made subject to a binding commitment to be so used (it being understood that if any portion of such proceeds are not so used but are so committed to being used during the Reinvestment Period, then upon the termination of such commitment or if such
Net Cash Proceeds are not so used within a subsequent 9-month period, such remaining portion shall constitute Net Cash Proceeds as of the date of such termination or expiry without giving effect to this
proviso; it being understood that such proceeds shall constitute Net Cash Proceeds if an Event of Default under Section 8(a) or (f) has occurred and is continuing at the time of a proposed reinvestment unless such proposed
reinvestment is made pursuant to a binding commitment entered into at a time when no Event of Default under Section 8(a) or (f) had occurred and was continuing); and (b) in connection with any incurrence of Indebtedness,
the cash proceeds received from such issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection
therewith and net of taxes paid or reasonably estimated to be payable as a result thereof (after taking into account any tax credits or deductions that reduce the amount of taxes and any tax sharing arrangements). 

“New York UCC”: as defined in the Guarantee and Collateral Agreement. 

“Non-Consenting Lender”: as defined in Section 2.19. 

“Non-Recourse Debt”: Indebtedness as to which (i) neither the MLP nor any Restricted Subsidiary provides any guarantee
other than a pledge of Capital Stock of any Person that is a primary obligor in respect of such Indebtedness and is not the MLP or a Restricted Subsidiary and (ii) no default thereunder would, as such, constitute a default under any
Indebtedness of the MLP or any Restricted Subsidiary. 
 “Notes”: the collective reference to any promissory note
evidencing Loans, in each case substantially in the form of Exhibit G. 

  
 17 

 “Obligations”: the unpaid principal of and interest on (including interest
accruing after the maturity of the Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Borrower, whether or not a claim for post-filing
or post- petition interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the General Partner, any Borrower or any other Loan Party to the Administrative Agent or to any Lender, whether direct or indirect,
absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document or any other document made, delivered or given in connection herewith
or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, termination payments, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Lender that
are required to be paid by any Borrower or any other Loan Party pursuant hereto) or otherwise. 
 “OFAC” means the Office
of Foreign Assets Control of the United States Department of the Treasury. 
 “Omnibus Agreement”: Omnibus Agreement dated
as of January 24, 2013 among the Parent, the MLP and the General Partner, as amended by Amendment No. 1, dated as of March 7, 2014 and Amendment No. 2, dated as of January 13, 2015. 

“Operational EBITDA”: as defined in the definition of Consolidated EBITDA. 

“Other Connection Taxes”: with respect to any Credit Party, Taxes imposed as a result of a present or former connection
between such Credit Party and the jurisdiction imposing such Taxes (other than a connection arising from such Credit Party having executed, delivered, enforced, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, or engaged in any other transaction pursuant to, or enforced, any Loan Document). 
 “Other
Taxes”: any present or future stamp, court, documentary, intangible, recording, filing or similar excise or property Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or
from the registration, receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment under
Section 2.19). 
 “Parent”: SunCoke Energy, Inc., a Delaware corporation. 

“Parent Notes” means $44,600,000 aggregate principal amount of the Parent’s 7 5/8% Senior Notes due 2019 originally
assumed by the MLP in August 2015 as partial consideration for the acquisition by the MLP of equity interests in Gateway Energy & Coke Company, LLC. 

“Participant”: as defined in Section 10.6(c). 

“Participant Register”: as defined in Section 10.6(c). 

“Partnership Agreement”: the First Amended and Restated Agreement of Limited Partnership of the MLP, dated as of
January 24, 2013. 
 “Patriot Act”: as defined in Section 10.17. 

“PBGC”: the Pension Benefit Guaranty Corporation established pursuant to ERISA or any successor entity performing similar
functions. 

  
 18 

 “Pension Plan”: any Plan subject to the provisions of Title IV of ERISA or
Section 412 of the Code or Section 302 of ERISA. 
 “Permitted Acquisition”: any direct or indirect acquisition
by the MLP or a Restricted Subsidiary, in a transaction or series of related transactions permitted by Section 7.8 (including, without limitation, Section 7.8(c)), of (a) more than 50% of any class of Voting Stock of any
Person, (b) all or substantially all of the coal or other mineral reserves of any Person or (c) all or substantially all of the property and assets or business of another Person or any assets or business of any other Person constituting a
business unit, line of business or division of any Person. 
 “Permitted Business”: any of the businesses in which the MLP
and its Subsidiaries are engaged on the Closing Date and any other activities that are similar, ancillary or reasonably related to, or a reasonable extension, expansion or development of, such businesses or ancillary thereto. 

“Permitted Liens”: 

(i) Liens imposed by law for Taxes that are not yet due or are being contested in compliance with Section 6.3 or
Section 6.10; 
 (ii) carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s,
repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue (subject to extension by mutual agreement by the obligee and obligor) by more than 30 days or are
being contested in compliance with Section 6.3; 
 (iii) (A) pledges or deposits (I) in compliance with
workers’ compensation, unemployment insurance and other social security laws or regulations or similar legislation or (II) to secure liabilities to insurance carriers under insurance arrangements in respect of such obligations, (B) good
faith deposits, prepayments or cash payments in connection with bids, tenders, contracts or leases, or to secure public or statutory obligations, surety and appeal bonds, customs duties and the like, or for the payment of rent, in each case incurred
in the ordinary course of business, or (C) Liens on the property and assets of the MLP or any Restricted Subsidiary incurred in the ordinary course of business to secure performance of obligations with respect to statutory or regulatory
requirements, performance or return-of-money bonds, contractual arrangements with suppliers, reclamation bonds, surety and appeal bonds or other obligations of a like nature and incurred in a manner consistent with industry practice, in each case
which are not incurred in connection with the borrowing of money or the obtaining of advances or credit; 
 (iv) customary
Liens in favor of trustees and escrow agents, and netting and setoff rights, banker’s liens and the like in favor of financial institutions and counterparties to financial obligations and instruments, including Hedging Agreements; 

(v) Liens on assets pursuant to merger agreements, stock or asset purchase agreements and similar agreements in respect of the
disposition of such assets; 
 (vi) options, put and call arrangements, rights of first refusal and similar rights relating
to Investments in joint ventures, partnerships and the like and Liens on joint venture interests in favor of joint venture partners to secure obligations arising under the applicable joint venture agreements; 

  
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 (vii) Liens incurred in the ordinary course of business securing obligations not
constituting Indebtedness for borrowed money and not in the aggregate materially detracting from the value of the properties of the MLP and its Restricted Subsidiaries or their use in the operation of the business of the MLP and its Restricted
Subsidiaries; 
 (viii) existing or future grants of coal bed methane leases or oil and gas or other hydrocarbon leases
granted by any Governmental Authority or other third party and associated pipelines, collection facilities, accessways and easements pertaining to the same; 

(ix) surface use agreements, mining agreements, easements, covenants, conditions, restrictions, declarations, zoning
restrictions, rights of way, minor defects in title, encroachments, pipelines, leases (other than Capital Lease Obligations), licenses, special assessments, railroad trackage, siding and spur rights and agreements, transmission and transportation
lines, related to real property (and together with all the foregoing Liens in this subsection (ix), collectively, “Real Property Liens”), (A) which are in existence on the date hereof or with respect to after-acquired property,
which are in existence on the date of such acquisition (as the same may be amended or modified from time to time), or (B) imposed by law or arising in the ordinary course of business, in each case that do not secure any monetary obligation, and
in each case do not materially detract from the value of the affected real property for the purpose for which it is being used at the time of evaluation (subject to and taking into account any implied, express or historical consent, permission or
other acquiescence by the holder of any Real Property Lien) and do not materially interfere with the ordinary conduct of business of the MLP or any Subsidiary as actually conducted at the time of evaluation; 

(x) judgment liens in respect of judgments that do not constitute an Event of Default under Section 8(h); 

(xi) any precautionary uniform commercial code financing statement filing in respect of leases (and not any Indebtedness)
entered into the ordinary course of business; 
 (xii) rights of owners of interests in overlying, underlying or intervening
strata and/or mineral interests not owned by the MLP or one of its Subsidiaries, with respect to real property where the MLP or applicable Subsidiary’s ownership is only surface or severed mineral or is otherwise subject to mineral severances
in favor of one or more third parties; 
 (xiii) layback arrangements, joint operation arrangements and similar arrangements
with adjoining coal operators; 
 (xiv) with respect to water rights, Liens imposed by the doctrine of prior appropriation
(including seniority of water rights), the necessity to put the water to a beneficial use, restrictions imposed by the applicable Governmental Authority and the actual availability of water (including restrictions on the use of ground water); 

(xv) farm, grazing, hunting, recreational and residential leases with respect to which the MLP or any Subsidiary is a lessor
encumbering portions of any property to the extent such leases would be granted or permitted by a prudent operator of mining properties similar in use and configuration to real properties; 

(xvi) encumbrances typically found upon real property used for mining purposes in the applicable jurisdiction in which the
applicable real property is located to the extent such 

  
 20 

 
encumbrances would be permitted or granted by a prudent operator of mining property similar in use and configuration to such real property (e.g., surface rights agreements, wheelage
agreements and reconveyance agreements); 
 (xvii) rights and easements of owners (i) of undivided interests in any of
the real property where the MLP or its Subsidiaries own less than 100% of the fee interest, (ii) of interests in the surface of any real property where the MLP or its Subsidiaries do not own or lease such surface interest, (iii) and
lessees, if any, of coal or other minerals (including oil, gas and coalbed methane) where the MLP or its Subsidiaries do not own such coal or other minerals, and (iv) and lessees of other coal seams and other minerals (including oil, gas and
coalbed methane) not owned or leased by the MLP or its Subsidiaries; 
 (xviii) with respect to any real property in which
the MLP or any Subsidiary holds a leasehold interest, terms, agreements, provisions, conditions, and limitations (other than royalty and other payment obligations which are otherwise permitted hereunder) contained in the leases granting such
leasehold interest and the rights of lessors thereunder (and their heirs, executors, administrators, successors, and assigns); 

(xix) rights of others to subjacent or lateral support and absence of subsidence rights or to the maintenance of barrier
pillars or restrictions on mining within certain areas as provided by any Mining Lease, unless in each case waived by such other person; 

(xx) Liens securing obligations in respect of trade-related letters of credit permitted under Section 7.2(n)
covering only the goods (or the documents of title in respect of such goods) financed by such letters of credit and the proceeds and products thereof; 

(xxi) Liens on specific items of inventory, equipment or other goods and proceeds of any Person securing such Person’s
obligations in respect thereof or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(xxii) Liens in favor of collecting or payor banks having a right of setoff, revocation, refund or chargeback with respect to
money or instruments of the MLP or any Restricted Subsidiary on deposit with or in possession of such bank; 
 (xxiii) Liens
incurred in the ordinary course of business to secure liability to insurance carriers; 
 (xxiv) non-exclusive licenses of
intellectual property in the ordinary course of business; 
 (xxv) Liens to secure a defeasance trust; 

(xxvi) Liens arising under retention of title, hire, purchase or conditional sale arrangements arising under provisions in a
supplier’s standard conditions of supply in respect of goods or services supplied to the MLP or any Restricted Subsidiary in the ordinary course of business on arm’s length terms; and 

(xxvii) with respect to all real property in which the MLP or any Restricted Subsidiary owns less than a fee interest, all Real
Property Liens and all other liens, encumbrances, charges, mortgages, security interests and any and all other Liens of whatsoever nature which are suffered or incurred by the fee owner, any superior lessor, sublessor or licensor, or any inferior
lessee, sublessee or licensee. 

  
 21 

 “Permitted Refinancing”: with respect to any Person, any modification,
refinancing, refunding, renewal, extension or replacement of any Indebtedness of such Person; provided that: 
 (a) the principal
amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed, extended or replaced except by an amount equal to unpaid
accrued interest and premium thereon plus other reasonable amounts paid, and fees (including original issue discount) and expenses reasonably incurred, in connection with such modification, refinancing, refunding, renewal, extension or replacement
and by an amount equal to any existing commitments unutilized thereunder; 
 (b) such modification, refinancing, refunding, renewal,
extension or replacement has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified,
refinanced, refunded, renewed, extended or replaced (excluding the effect of any prepayments of scheduled amortization); and 
 (c)
(i) to the extent such Indebtedness being modified, refinanced, refunded, renewed, extended or replaced is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal, extension or replacement is
subordinated in right of payment to the Obligations, (ii) such modification, refinancing, refunding, renewal, extension or replacement is incurred by the Person who is the obligor of the Indebtedness being modified, refinanced, refunded,
renewed, extended or replaced or any other Person who would have been permitted to incur such Indebtedness hereunder and (iii) to the extent that the Liens securing the Indebtedness being refinanced is subordinated to the Liens securing the
Obligations, any Lien securing such refinancing Indebtedness is subordinated to the Liens securing the Obligations on terms at least as favorable on the whole to the Lenders as those contained in the applicable subordination language (if any) for
the Indebtedness being refinanced. 
 “Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Plan”: (A) any “employee benefit plan,” as defined in Section 3(3) of ERISA (except a Multiemployer
Plan) in respect of which any Group Member or (B) with respect to any “employee benefit plan” subject to Title IV of ERISA or Section 412 of the Code any ERISA Affiliate, (i) is (or, if such plan were terminated, would
under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA or (ii) has any liability. 

“Platform”: as defined in Section 6.2. 

“Policy” and “Policies”: as defined in Section 5.1(g). 

“Preferred Stock”: with respect to any Person, any and all Capital Stock which is preferred as to the payment of dividends or
distributions, upon liquidation or otherwise, over another class of Capital Stock of such Person. 

  
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 “Pro Forma Basis”: for purposes of calculating any financial ratio, 

(i) pro forma effect will be given to any Indebtedness, Disqualified Capital Stock or Preferred Stock (other than ordinary
working capital borrowings) incurred during or after the applicable period to the extent the Indebtedness is outstanding or is to be incurred on the date as if the Indebtedness, Disqualified Capital Stock or Preferred Stock had been incurred on the
first day of the applicable period; 
 (ii) pro forma calculations of interest on Indebtedness bearing a floating interest
rate will be made as if the rate in effect on the date on which such ratio is calculated (taking into account any Hedging Agreement applicable to the Indebtedness if the Hedging Agreement has a remaining term of at least 12 months) had been the
applicable rate for the entire applicable period; 
 (iii) Fixed Charges related to any Indebtedness, Disqualified Capital
Stock or Preferred Stock (other than ordinary working capital borrowings) no longer outstanding or to be repaid or redeemed on the date on which such ratio is calculated, will be excluded; 

(iv) asset acquisitions and dispositions (including, without limitation, the acquisition or disposition of companies,
divisions, lines of business or non-ordinary course assets), mergers, consolidations and discontinued operations (as determined in accordance with GAAP), and any related financing transactions, that the MLP or any of its Restricted Subsidiaries has
both determined to make and made after the Closing Date and during the applicable period or subsequent to such applicable period and on or prior to or simultaneously with the date on which such ratio is calculated shall be calculated on a pro forma
basis assuming that all such acquisitions and dispositions (including, without limitation, the acquisition or disposition of companies, divisions, lines of business or non-ordinary course assets), mergers, consolidations and discontinued operations
(and the change of any associated Fixed Charges, Consolidated Senior Secured Debt or Consolidated Total Debt and the change in Consolidated EBITDA resulting therefrom) had occurred on the first day of the applicable period, including any pro forma
expense and cost reductions and other operating improvements that have occurred or are reasonably expected to occur, in the reasonable judgment of the chief financial officer of the General Partner (regardless of whether these cost savings or
operating improvements could then be reflected in pro forma financial statements in accordance with Regulation S-X promulgated under the Securities Act of 1933, as amended, or any other regulation or policy of the SEC related thereto);
provided that the benefits resulting therefrom are anticipated by the MLP to be realized in the good faith judgment of the chief financial officer of the General Partner within 18 months; 

(v) any Person that is a Restricted Subsidiary on the date on which such ratio is calculated will be deemed to have been a
Restricted Subsidiary at all times during such applicable period, and if, since the beginning of the applicable period, any Person that subsequently became a Restricted Subsidiary or was merged with or into the MLP or any of its other Restricted
Subsidiaries since the beginning of such period shall have made any acquisition, Investment, disposition, merger, consolidated or discontinued operation, in each case with respect to an operating unit of a business, that would have required
adjustment pursuant to this definition, then the applicable financial ratio shall be adjusted giving pro forma effect thereto for such period as if such asset acquisition or disposition (including, without limitation, the acquisition or disposition
of companies, divisions, lines of business or non-ordinary course assets), merger, consolidation or discontinued operation had occurred at the beginning of the applicable period; and 

(vi) any Person that is not a Restricted Subsidiary on the date on which such ratio is calculated will be deemed not to have
been a Restricted Subsidiary at all times during such applicable period. 

  
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 Whenever pro forma effect is to be given to a transaction, the pro forma calculations shall be
made in good faith by a responsible financial or accounting officer of the General Partner. 
 “Prohibited Transaction”: as
defined in Section 406 of ERISA and Section 4975(c) of the Code. 
 “Projections”: as defined in
Section 6.2(c). 
 “Properties”: as defined in Section 4.17(a). 

“Public Lender”: as defined in Section 6.2. 

“Qualified Capital Stock”: Capital Stock that is not Disqualified Capital Stock. 

“Real Property Liens”: as defined in the definition of Permitted Liens. 

“Recovery Event”: any settlement of or payment in respect of any property or casualty insurance claim or any condemnation
proceeding relating to any asset of any Group Member. 
 “Register”: as defined in Section 10.6(b). 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Reinvestment Period”: as defined the definition of Net Cash Proceeds. 

“Related Parties”: with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Release”: any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge,
dispersal, dumping, leaching or migrating of any Materials of Environmental Concern into the indoor or outdoor environment. 

“Reportable Event”: any of the events set forth in Section 4043(c) of ERISA or the regulations issued thereunder, with
respect to a Pension Plan, other than those events as to which notice is waived pursuant to DOL Reg. Section 4043. 

“Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws or other organizational or governing
documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or
any of its property is subject. 
 “Responsible Officer”: the chief executive officer, president or chief financial officer
of the General Partner, but in any event, with respect to financial matters, the chief financial officer of the General Partner, and, solely for purposes of the delivery of incumbency certificates, the secretary or any assistant secretary of the
General Partner and, solely for purposes of notices given pursuant to Section 2, any other officer or employee of the General Partner so designated by any of the foregoing officers in a notice to the Administrative Agent or any other
officer or employee of the General Partner designated in or pursuant to an agreement between the General Partner and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of the General Partner shall be
conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of the General Partner and such Responsible Officer shall be conclusively presumed to have acted on

  
 24 

 
behalf of the General Partner. To the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and appropriate authorization documentation, in
form and substance reasonably satisfactory to the Administrative Agent. 
 “Restricted Payment”: any (i) dividend or
other distribution (whether in cash, securities or other property) with respect to any Capital Stock in the MLP or any of its Restricted Subsidiaries (other than dividends or distributions paid in the MLPs’ Qualified Capital Stock), or any
payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Capital Stock of the
MLP held by Persons other than the MLP or any of its Restricted Subsidiaries or (ii) prepayment, purchase, repurchase redemption of, or other principal payment in respect of, Subordinated Debt prior to any scheduled payment or maturity thereof,
other than (x) payments of interest when due and principal when due in accordance with the scheduled maturity thereof or the purchase, repurchase or other acquisition of any Subordinated Debt purchased in anticipation of satisfying a scheduled
maturity, sinking fund or amortization or other installment obligation, in each case due within one year of the date of acquisition or (y) a payment of intercompany Subordinated Debt. 

“Restricted Subsidiary”: any Subsidiary of the MLP other than an Unrestricted Subsidiary. 

“Revolving Credit Facility”: that certain Credit Agreement, dated as of January 24, 2013, among the Borrowers, the
lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended, supplemented, restated or otherwise modified from time to time in a manner not prohibited by this Agreement. 

“S&P”: as defined in the definition of Cash Equivalents. 

“Sale and Leaseback Transaction”: with respect to any Person, an arrangement whereby such Person enters into a lease of
property previously transferred by such Person to the lessor. 
 “Sanction(s)” means any sanction administered or enforced
by the United States Government, including OFAC, and, if applicable to any Group Member, the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or other relevant sanctions authority. 

“SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. 

“Secured Parties”: as defined in the Guarantee and Collateral Agreement. 

“Security Documents”: the collective reference to the Guarantee and Collateral Agreement, the Mortgages and all other
security documents hereafter delivered to the Administrative Agent granting a Lien on any property of any Person to secure the obligations and liabilities of any Loan Party under any Loan Document. 

“Senior Note Indenture”: the Indenture entered into by the MLP, FinCo and certain Subsidiaries of the MLP in connection with
the issuance of the Senior Notes, together with all instruments and other agreements entered into by the MLP or such Subsidiaries in connection therewith. 

“Senior Notes”: any senior unsecured notes of the MLP and FinCo issued pursuant to the Senior Note Indenture and any exchange
notes with respect thereto. 

  
 25 

 “Solvent”: when used with respect to any Person or group of Persons, means that,
as of any date of determination, (a) the amount of the “present fair saleable value” of the assets of such Person or group will, as of such date, exceed the amount of all “liabilities of such Person, contingent or
otherwise”, as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person
or group will, as of such date, be greater than the amount that will be required to pay the liability of such Person or group on its debts as such debts become absolute and matured, (c) such Person or group will not have, as of such date, an
unreasonably small amount of capital with which to conduct its business, and (d) such Person or group will be able to pay its debts as they mature. For the purposes of this definition, (i) “debt” means liability on a
“claim”, and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable,
secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or
unmatured, disputed, undisputed, secured or unsecured. 
 “Specified Acquisition Period”: any period which includes the
remainder of a Fiscal Quarter, and the immediately succeeding two Fiscal Quarters, in which the MLP or any Restricted Subsidiary acquires Additional Assets with a Fair Market Value in excess of $50,000,000 in the aggregate. The parties agree that a
Specified Acquisition Period applies with respect to the acquisition by the MLP of Raven Energy LLC and Jacob Materials Handling LLC on August 12, 2015. 

“Specified Change of Control”: a “Change of Control” (or any other defined term having a similar purpose) as
defined in the documentation for any Material Indebtedness. 
 “Stated Maturity”: (i) with respect to any
Indebtedness, the date specified as the fixed date on which the final installment of principal of such Indebtedness is due and payable or (ii) with respect to any scheduled installment of principal of or interest on any Indebtedness, the date
specified as the fixed date on which such installment is due and payable as set forth in the documentation governing such Indebtedness, not including any contingent obligation to repay, redeem or repurchase prior to the regularly scheduled date for
payment. 
 “Subordinated Debt”: any unsecured Indebtedness of the Loan Parties which is subordinated in right of payment
to the Obligations, pursuant to a written agreement to that effect, which Indebtedness shall have a Stated Maturity that is at least one year later than the Termination Date and no amortization payouts or other mandatory prepayments (other than
customary change of control and asset sale prepayment provisions) prior to such date. 
 “Subsidiary”: as to any Person, a
corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through
one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the MLP. 

“Subsidiary Guarantor”: at any time, each Subsidiary that guarantees the Obligations under the Guarantee and Collateral
Agreement, provided that no Foreign Subsidiary shall be a Subsidiary Guarantor. 

  
 26 

 “Swap Agreement”: any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors,
officers, employees or consultants of the MLP or any of its Subsidiaries shall be a “Swap Agreement.” 
 “Taxes”:
any present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto. 
 “Termination Date”: May 9, 2019. 

“Term Loan”: as defined in Section 2.1. 

“Test Period”: at any time, the most recently ended four consecutive Fiscal Quarter period for which financial statements
have been delivered or are required to have been delivered pursuant to Section 6.1(a) or 6.1(b). 
 “Threshold
Amount”: $20,000,000. 
 “Title Insurance Company”: as defined in Section 5.1(g). 

“Transaction Documentation”: collectively, the Senior Note Indenture, the Senior Notes, this Agreement and the Omnibus
Agreement, in each case as in effect on the Closing Date. 
 “Transaction Liens”: the Liens on Collateral granted by the
Loan Parties under the Security Documents. 
 “Transactions”: collectively, the transactions to occur on or about the
Closing Date pursuant to the Transaction Documentation or other agreements existing on or prior to the Closing Date, including without limitation (i) the execution, delivery and performance of this Agreement and the Loan Documents,
(ii) the borrowing of the Loans hereunder and the use of the proceeds thereof, and (iii) the consummation of one or more transactions on or after the date hereof that will result in the MLP having no further liability with respect to the
Parent Notes. 
 “Transferee”: any Assignee or Participant. 

“Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan. 

“United States”: the United States of America. 

“Unrestricted Subsidiary”: any Subsidiary of the MLP designated by the board of directors of the General Partner as an
Unrestricted Subsidiary pursuant to Section 6.11 subsequent to the date hereof. 
 “U.S. Person”: a
“United States person” within the meaning of Section 7701(a)(30) of the Code. 
 “U.S. Tax Certificate”: as
defined in Section 2.16(f)(ii)(B)(iii). 

  
 27 

 “Voting Stock”: with respect to any Person, Capital Stock of any class or kind
ordinarily having the power to vote for the election of directors, managers or other voting members of the governing body of such Person. 

“Weighted Average Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing:

 (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund,
serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making
of such payment; by 
 (b) the then outstanding principal amount of such Indebtedness. 

“Withdrawal Liability”: any liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Title IV of ERISA. 
 “Withholding Agent”: the relevant Loan Party
and the Administrative Agent. 
 1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in
this Agreement shall have the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or
thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under
GAAP (provided that, notwithstanding anything to the contrary herein, all accounting or financial terms used herein shall be construed, and all financial computations pursuant hereto shall be made, without giving effect to any election under
Statement of Financial Accounting Standards 159 (or any other Financial Accounting Standard having a similar effect) to value any Indebtedness or other liabilities of any Group Member at “fair value”, as defined therein), (ii) the
words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation,” (iii) the word “incur” shall be construed to mean incur, create, issue, assume,
become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights, and (v) references to agreements or other
Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time. 

(c) The words “hereof,” “herein” and “hereunder” and words of similar import, when used in this
Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

(d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

  
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 1.3 Joint and Several Obligations; Borrowers’ Agent. 

(a) All obligations of the Borrowers hereunder shall be joint and several. Any notice, request, waiver, consent or other action
made, given or taken by any Borrower shall bind all of the Borrowers. 
 (b) Each of the Loan Parties hereby authorizes the
MLP to act as agent for all of the Loan Parties, and to execute and deliver on behalf of any Loan Party such notices (including Loan Notices), requests, waivers, consents, certificates, and other documents, and to take any and all actions, required
or permitted to be delivered or taken by the Loan Parties hereunder. Each Loan Party hereby agrees that any such notices, requests, waivers, consents, certificates and other documents executed, delivered or sent by the MLP or any Responsible Officer
of the General Partner and any such actions taken by the MLP or any Responsible Officer of the General Partner shall bind each Loan Party. 

SECTION 2 
 AMOUNT AND TERMS OF
COMMITMENTS 
 2.1 Term Loan. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make its portion
of a term Loan (the “Term Loan”) to the Borrowers in Dollars on the Closing Date in an aggregate principal amount which does not exceed the amount of such Lender’s Commitment. Amounts repaid on the Term Loan may not be
reborrowed. The Term Loan may from time to time consist of Eurodollar Loans or ABR Loans, as determined by the Borrowers and notified to the Administrative Agent in accordance with Sections 2.2 and 2.9. 

(b) The Borrowers shall repay the outstanding principal amount of the Loan in installments on the last Business Day of each
March, June, September and December set forth below and on the Termination Date in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.7 or
2.8), unless accelerated sooner pursuant to Section 8: 
  

					
	 Payment Dates
	  	Principal Amortization
Payment	 
		
	 December, 2017
	  	$	1,250,000	  
	 March, 2018
	  	$	1,250,000	  
	 June, 2018
	  	$	1,250,000	  
	 September, 2018
	  	$	1,250,000	  
	 December, 2018
	  	$	1,250,000	  
	 March, 2019
	  	$	1,250,000	  
	 Termination Date
	  	 	remaining balance	  

 2.2 Procedure for Borrowing. Each borrowing of a Loan shall be made upon the applicable Borrower’s
irrevocable notice to the Administrative Agent which may be given by (A) telephone, or (B) a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan
Notice. Each such Loan Notice must be received by the Administrative Agent prior to 11:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one Business Day
prior to the requested Borrowing Date, in the case of ABR Loans, specifying (i) the amount and Type of Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of Eurodollar Loans, the respective amounts of each

  
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such Type of Loan and the respective lengths of the initial Interest Period therefor. Each borrowing under the Commitments shall be in an amount equal to (x) in the case of ABR Loans,
$1,000,000 or a whole multiple thereof in excess thereof and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such Loan Notice from a Borrower, the Administrative Agent
shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the applicable Borrower at the Funding Office prior to
12:00 Noon, New York City time, on the Borrowing Date requested by such Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent
crediting the account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. 

2.3 [Reserved]. 
 2.4
[Reserved]. 
 2.5 Fees, etc. The MLP agrees to pay to the Administrative Agent the fees in the amounts and on the dates as
set forth in the Fee Letter. 
 2.6 [Reserved]. 

2.7 Optional Prepayments. Any Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium
(except as provided in the final sentence of this Section) or penalty, upon irrevocable notice delivered to the Administrative Agent (which notice shall be in a form reasonably acceptable to the Administrative Agent) no later than
11:00 A.M., New York City time, three Business Days prior thereto, in the case of Eurodollar Loans, and no later than 11:00 A.M., New York City time, one Business Day prior thereto, in the case of ABR Loans, which notice shall specify the
date and amount of prepayment and whether the prepayment is of Eurodollar Loans or ABR Loans; provided, that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, such Borrower shall
also pay any amounts owing pursuant to Section 2.17. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be
due and payable on the date specified therein, together with (except in the case of ABR Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Loans shall be in an aggregate principal amount of $1,000,000 or a whole
multiple thereof. Any prepayment of the Term Loan that is made prior to the date that is 150 days after the Closing Date shall be accompanied by a fee equal to 1.00% of the principal amount of such prepayment. 

2.8 Mandatory Prepayments. (a) If any Indebtedness shall be issued or incurred by any Group Member after the date hereof
(excluding any Indebtedness incurred in accordance with Section 7.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Loans, together with
a fee equal to 1.00% of the principal amount of such prepayment to the extent made prior to the date that is 150 days after the Closing Date. 

(b) If on any date any Group Member shall receive Net Cash Proceeds from any Asset Sale or Recovery Event in each case in
respect of Collateral and occurring after the date hereof then 100% of such Net Cash Proceeds shall be applied (or distributed to the MLP for application by the MLP) within three Business Days of such date (or, if later, the date otherwise
provided for in the definition of Net Cash Proceeds) toward the prepayment of the Loans as set forth in Section 2.8(c). 

(c) Amounts to be applied in connection with prepayments made pursuant to this Section 2.8 shall be applied, to the
prepayment of the remaining scheduled principal amortization payments of the Loans in inverse order of maturity and in accordance with Section 2.14(b). The application of any prepayment pursuant to this Section 2.8 shall be
made, first, to ABR Loans and, second, to Eurodollar Loans. Each prepayment of the Loans under this Section 2.8 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid. With respect to
mandatory prepayments pursuant to this Section 2.8, a ratable portion of the Net Cash Proceeds may be applied to prepay obligations under the Revolving Credit Facility to the extent required thereby. 

  
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 2.9 Conversion and Continuation Options. (a) Any Borrower may elect from time to time
to convert Eurodollar Loans to ABR Loans by giving the Administrative Agent prior irrevocable notice of such election, which may be given by (1) telephone, or (2) a Loan Notice; provided that any telephonic notice must be
confirmed immediately by delivery to the Administrative Agent of a Loan Notice. Each Loan Notice must be received by the Administrative Agent no later than 11:00 A.M., New York City time, on the Business Day preceding the proposed conversion
date, provided that any such conversion of Eurodollar Loans may only be made on the last day of an Interest Period with respect thereto. Any Borrower may elect from time to time to convert ABR Loans to Eurodollar Loans by giving the
Administrative Agent prior irrevocable notice of such election no later than 11:00 A.M., New York City time, on the third Business Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest Period
therefor), provided that no ABR Loan may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative Agent or the Majority Lenders have determined in its or their sole discretion not to
permit such conversions. Upon receipt of any such Loan Notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 

(b) Any Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto
by the applicable Borrower giving irrevocable notice to the Administrative Agent (which may be given by (1) telephone, or (2) a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the
Administrative Agent of a Loan Notice), in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans,
provided that no Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent has or the Majority Lenders have determined in its or their sole discretion not to permit such
continuations, and provided, further, that if any Borrower shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso such Loans shall be
automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any such Loan Notice the Administrative Agent shall promptly notify each relevant Lender thereof. 

2.10 Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and
continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising
each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than six Eurodollar Tranches shall be outstanding at any one time. 

2.11 Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with
respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. 

  
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 (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR
plus the Applicable Margin. 
 (c) (i) If all or a portion of the principal amount of any Loan shall not be paid
when due (whether at the Stated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this
Section 2.11 plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any other amount payable hereunder shall not be paid when due (whether at the Stated Maturity, by acceleration or otherwise), such
overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such
amount is paid in full (as well after as before judgment). 
 (d) Interest shall be payable in arrears on each Interest
Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.11 shall be payable from time to time on demand. 

2.12 Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day
year for the actual days elapsed, except that, with respect to ABR Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as
practicable notify the Borrowers’ Agent and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become
effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrowers’ Agent and the relevant Lenders of the effective date and the amount of each
such change in interest rate. 
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Borrowers and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrowers’ Agent, deliver to the Borrowers’ Agent a
statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.11(a). 

2.13 Inability to Determine Interest Rate. If prior to the first day of any Interest Period: 

(a) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrowers)
that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or 

(b) the Administrative Agent shall have received notice from the Majority Lenders that the Eurodollar Rate determined or to be
determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest Period, 

the Administrative Agent shall give notice thereof to the Borrowers’ Agent and the relevant Lenders as soon as practicable thereafter. If such notice is
given (x) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be made as ABR Loans, (y) any Loans that were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be
continued as ABR Loans and (z) any outstanding Eurodollar Loans shall be converted, on the last day of the then-current Interest Period, to ABR Loans (in each case in clauses (x), (y) and (z), whose rate shall be determined without the

  
 32 

 
utilization of the Eurodollar Base Rate component in determining the ABR Rate). Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or
continued as such, nor shall any Borrower have the right to convert Loans to Eurodollar Loans. 
 Notwithstanding the foregoing, if the
Administrative Agent has made the determination described in clause (a) of this Section and the Borrowers shall so request, the Administrative Agent, the affected Lenders and the Borrowers shall negotiate in good faith to amend the definition
of “Eurodollar Base Rate” and other applicable provisions to preserve the original intent thereof in light of such change; provided that, until so amended, such affected Loans will be handled as otherwise provided pursuant to the
terms of this Section 
 2.14 Pro Rata Treatment and Payments. (a) Each borrowing by a Borrower from the Lenders hereunder shall
be made pro rata according to the respective Applicable Percentages, as the case may be, of the relevant Lenders. 

(b) Each payment (including each prepayment) by a Borrower on account of principal of and interest on the Loans shall be made
pro rata according to the respective outstanding principal amounts of the Loans then held by the Lenders. 

(c) All payments (including prepayments) to be made by the Borrowers hereunder, whether on account of principal, interest, fees
or otherwise, shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff and shall be made prior to 2:00 p.m., New York City time, on the due date thereof to the Administrative Agent,
for the account of the Lenders, at the Funding Office, in Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to each relevant Lender promptly upon receipt in like funds as received, net of any amounts
owing by such Lender pursuant to Section 9.7. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding
Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such
payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant to the preceding two sentences, interest thereon shall be
payable at the then applicable rate during such extension. 
 (d) Unless the Administrative Agent shall have been notified in
writing by any Lender prior to a borrowing that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount
available to the Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the
required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative
Agent submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender
within three Business Days after such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR Loans, on demand, from the applicable Borrower. 

  
 33 

 (e) Unless the Administrative Agent shall have been notified in writing by the
Borrowers’ Agent prior to the date of any payment due to be made by a Borrower hereunder that such Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that such Borrower is making such payment,
and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the
Administrative Agent by the Borrowers within three Business Days after such due date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount which was made available pursuant to the preceding sentence,
such amount with interest thereon at the rate per annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the Borrowers. 

(f) The obligations of the Lenders hereunder to make Loans and to make payments pursuant to Section 9.7 are several
and not joint. The failure of any Lender to make any Loan or to make any payment under Section 9.7 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender
shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under Section 9.7. 
 2.15
Requirements of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from
any central bank or other Governmental Authority made subsequent to the date hereof: 
 (i) shall impose, modify or hold
applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit (or participations
therein) by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination of the Eurodollar Rate 

(ii) subject any Credit Party to any Taxes (other than (A) Indemnified Taxes and (B) Excluded Taxes) on its Loans,
Commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 
 (iii)
shall impose on such Lender any other condition (other than Taxes); 
 and the result of any of the foregoing is to increase the cost to such Lender or such
other Credit Party, by an amount that such Lender or other Credit Party deems to be material, of making, converting into, continuing or maintaining Loans, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the
Borrowers shall promptly pay such Lender or such other Credit Party, upon its demand, any additional amounts necessary to compensate such Lender or such other Credit Party for such increased cost or reduced amount receivable. If any Lender or such
other Credit Party becomes entitled to claim any additional amounts pursuant to this paragraph, it shall promptly notify the Borrowers’ Agent (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled.

 (b) If any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital
adequacy or liquidity requirements or in the interpretation or application thereof or compliance by such Lender or any holding company controlling such 

  
 34 

 
Lender with any request or directive regarding capital adequacy or liquidity requirements (whether or not having the force of law) from any Governmental Authority made subsequent to the date
hereof shall have the effect of reducing the rate of return on such Lender’s or such holding company’s capital as a consequence of its obligations hereunder to a level below that which such Lender or such holding company could have
achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such holding company’s policies with respect to capital adequacy or liquidity requirements) by an amount deemed by such Lender to be material,
then from time to time, after submission by such Lender to the Borrowers’ Agent (with a copy to the Administrative Agent) of a written request therefor, the Borrowers shall pay to such Lender such additional amount or amounts as will compensate
such Lender or such holding company for such reduction. 
 (c) Notwithstanding anything herein to the contrary, (i) all
requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or by United States or foreign regulatory authorities,
in each case pursuant to Basel III, and (ii) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation
thereof, shall in each case be deemed to be a change in Requirements of Law, regardless of the date enacted, adopted, issued or implemented. 

(d) A certificate as to any additional amounts payable pursuant to this Section 2.15 submitted by any Lender to the
Borrowers’ Agent (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary in this Section 2.15, no Borrower shall be required to compensate a Lender
pursuant to this Section 2.15 for any amounts incurred more than nine months prior to the date that such Lender notifies the Borrowers’ Agent of such Lender’s intention to claim compensation therefor; provided that, if
the circumstances giving rise to such claim have a retroactive effect, then such nine-month period shall be extended to include the period of such retroactive effect. The obligations of the Borrowers pursuant to this Section 2.15 shall
survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 2.16 Taxes.
(a) (i) Each payment by any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, unless such deduction or withholding is required by any applicable law. If any applicable law, including the Code
(as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then such Withholding Agent may so deduct or withhold and shall timely pay
the full amount of deducted or withheld Taxes to the relevant Governmental Authority in accordance with applicable law. If such Taxes are Indemnified Taxes, then the amount payable by such Loan Party shall be increased as necessary so that, net of
such deduction or withholding (including such deduction or withholding applicable to additional amounts payable under this Section 2.16), the applicable Credit Party receives the amount it would have received had no such deduction or
withholding of Indemnified Taxes been made. 
 (ii) Subject to Section 2.16(a)(i), if any Loan Party or the
Administrative Agent shall be required by the Code to withhold or deduct any Taxes from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required,
(B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code and (C) to the extent that the withholding or deduction is made on account of Indemnified
Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section) the
applicable recipient receives an amount equal to the sum it would have received had no such withholding or deduction of Indemnified Taxes been made. 

(iii) If any Loan Party or the Administrative Agent shall be required by any applicable laws other than the Code to withhold or
deduct any Taxes from any payment, then (A) such Loan Party or the Administrative Agent, as required by such laws, shall withhold or make such deductions as are determined by it to be required, (B) such Loan Party or the Administrative
Agent, to the extent required by such laws, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with such laws, and (C) to the extent that the withholding or deduction is made on account of
Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this
Section) the applicable recipient receives an amount equal to the sum it would have received had no such withholding or deduction of Indemnified Taxes been made. 

  
 35 

 (b) The Borrowers shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law. 
 (c) As soon as practicable after any payment of Indemnified Taxes by any Loan
Party to a Governmental Authority, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or
other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (d) The Loan Parties shall jointly and
severally indemnify each Credit Party for any Indemnified Taxes that are paid or payable by or required to be withheld or deducted from a payment to such Credit Party in connection with any Loan Document (including Indemnified Taxes paid or payable
under this Section 2.16(d)) and any reasonable expenses arising therefrom or with respect thereto; provided, however, that the Loan Parties shall not be required to indemnify any Credit Party for any Indemnified Taxes the
demand for which is made to the applicable Loan Party more than nine months after the earlier of (i) the date on which the relevant Governmental Authority makes written demand upon such Credit Party for payment of such Indemnified Taxes, and
(ii) the date on which such Credit Party has made payment of such Indemnified Taxes (except that if the Indemnified Taxes imposed or asserted giving rise to such claims are retroactive, then the nine-month period referred to above shall be
extended to include the period of retroactive effect thereof). The indemnity under this Section 2.16(d) shall be paid within 10 days after the Credit Party delivers to the Borrowers’ Agent a certificate stating the amount of any
Indemnified Taxes so paid or payable by such Credit Party and describing the basis for the indemnification claim. Such certificate shall be conclusive of the amount so paid or payable absent manifest error. Such Credit Party shall deliver a copy of
such certificate to the Administrative Agent. Each of the Loan Parties shall, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after written demand therefor, for any
amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 2.16(e) below; provided that, such Lender shall indemnify the applicable Loan Party and shall make
payment in respect thereof, within 10 days after written demand therefor, to the extent of any payment by such Loan Party to the Administrative Agent pursuant to this sentence with respect to Taxes described in clauses (ii) and (iii) of
Section 2.16(e). 

  
 36 

 (e) Each Lender shall severally indemnify (i) the Administrative Agent for
any Indemnified Taxes (but only to the extent that the Loan Parties have not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so) attributable to such Lender,
(ii) the Administrative Agent and the Loan Parties, as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.6(c) relating to the maintenance of a Participant Register and
(iii) the Administrative Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to such Lender, in each case, that are paid or payable by the Administrative Agent or a Loan Party in connection with any Loan Document
and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity under this Section 2.16(e) shall be paid
within 10 days after the Administrative Agent or a Loan Party, as applicable, delivers to the applicable Lender a certificate stating the amount of Taxes so paid or payable by the Administrative Agent or such Loan Party. Such certificate shall
be conclusive of the amount so paid or payable absent manifest error. 
 (f) (i) Any Lender that is entitled to an
exemption from, or reduction of, any applicable withholding Tax with respect to any payments under any Loan Document shall deliver to the Borrowers’ Agent and the Administrative Agent, at the time or times reasonably requested by the
Borrowers’ Agent or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrowers’ Agent or the Administrative Agent as will permit such payments to be made without, or at a reduced rate
of, withholding. In addition, any Lender, if requested by the Borrowers’ Agent or the Administrative Agent, shall deliver such other documentation prescribed by law or reasonably requested by the Borrowers’ Agent or the Administrative
Agent as will enable the Borrowers’ Agent or the Administrative Agent to determine whether or not such Lender is subject to any withholding (including backup withholding) or information reporting requirements. Notwithstanding anything to the
contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.16(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required
if in the Lender’s judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense (or, in the case of a change in any Requirements of Law, any incremental material unreimbursed cost or
expense) or would materially prejudice the legal or commercial position of such Lender. Upon the reasonable request of the Borrowers’ Agent or the Administrative Agent, any Lender shall update any form or certification previously delivered
pursuant to this Section 2.16(f). If any form or certification previously delivered pursuant to this Section 2.16(f) expires or becomes obsolete or inaccurate in any respect with respect to a Lender, such Lender shall
promptly (and in any event within 10 days after such expiration, obsolescence or inaccuracy) notify the Borrowers’ Agent and the Administrative Agent in writing of such expiration, obsolescence or inaccuracy and update the form or certification
if it is legally eligible to do so. 
 (ii) Without limiting the generality of the foregoing, if any Borrower is a U.S.
Person, any Lender (or, if the Lender is disregarded as an entity separate from its owner for U.S. Tax purposes, its sole owner) with respect to such Borrower shall, if it is legally eligible to do so, deliver to the Borrowers’ Agent and the
Administrative Agent (in such number of copies reasonably requested by the Borrowers’ Agent and the Administrative Agent) on or prior to the date on which such Lender becomes a party hereto, duly completed and executed copies of whichever of
the following is applicable: 
 (A) any Lender that is a U.S. Person shall deliver executed copies of IRS Form W-9
certifying that such Lender is exempt from U.S. Federal backup withholding Tax; 

  
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 (B) any Lender that is not a U.S. Person shall deliver whichever of the
following is applicable: 
  

	 	i.	(1) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. Federal withholding Tax
pursuant to the “interest” article of such tax treaty and (2) with respect to any other applicable payments under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an exemption from,
or reduction of, U.S. Federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

  

	 	ii.	executed copies of IRS Form W-8ECI; 

  

	 	iii.	in the case of a Lender claiming the portfolio interest exemption under Section 881(c) of the Code, both (1) executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable, and (2) a certificate
substantially in the form of Exhibit F-1 (a “U.S. Tax Certificate”) to the effect that such Lender is not (a) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (b) a
“10 percent shareholder” of such Borrower within the meaning of Section 881(c)(3)(B) of the Code or (c) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code; or 

 

	 	iv.	to the extent such Lender is not the beneficial owner, (1) executed copies of IRS Form W-8IMY on behalf of itself and (2) the relevant forms prescribed in clauses (A), (B)(i),
(B)(ii), (B)(iii) and (C) of this Section 2.16(f)(ii) from each beneficial owner; provided, however, that if the Lender is a partnership and one or more of its partners are claiming the exemption
for portfolio interest under Section 881(c) of the Code, such Lender may provide a U.S. Tax Certificate substantially in the form of Exhibit F-2 on behalf of such partners; 

(C) any Lender that is not a U.S. Person shall deliver executed copies of any other form prescribed by law as a basis for
claiming exemption from, or a reduction of, U.S. Federal withholding Tax together with such supplementary documentation necessary to enable the Borrowers’ Agent or the Administrative Agent to determine the amount of Tax (if any) required by law
to be withheld; and 
 (D) if a payment made to a Lender under any Loan Document would be subject to U.S. Federal
withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the
Borrowers’ Agent and the 

  
 38 

 
Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Borrowers’ Agent and the Administrative Agent, such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrowers’ Agent and the Administrative Agent as may be necessary for the
Borrowers’ Agent and the Administrative Agent to comply with its obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such
payment. Solely for purposes of this Section 2.16(f)(ii)(D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(g) Unless required by applicable laws, at no time shall the Administrative Agent have any obligation to file for or otherwise
pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender. If any party determines, in its sole discretion exercised in good faith, that it has
received a refund or credit of any Taxes as to which it has been indemnified pursuant to this Section 2.16 (including additional amounts paid pursuant to this Section 2.16), it shall pay to the indemnifying party an amount
equal to such refund (but only to the extent of indemnity payments made under this Section 2.16 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including any Taxes) of such indemnified party and
without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid to such
indemnified party pursuant to the previous sentence (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event such indemnified party is required to repay such refund to such Governmental Authority.
This Section 2.16(g) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the indemnifying party or any other Person.

 (h) Each party’s obligations under this Section 2.16 shall survive any assignment of rights by, or the
replacement of, a Lender, the termination of the Commitments, the replacement or resignation of the Administrative Agent and the repayment, satisfaction or discharge of all other obligations under the Loan Documents. 

(i) For purposes of this Section 2.16, the term “applicable law” includes FATCA. 

2.17 Indemnity. The Borrowers agree to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such
Lender may sustain or incur as a consequence of (a) default by any Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after such Borrower has given a notice requesting the same in accordance with the
provisions of this Agreement, (b) default by any Borrower in making any prepayment of or conversion from Eurodollar Loans after such Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the making
of a prepayment of Eurodollar Loans on a day that is not the last day of an Interest Period with respect thereto. Such indemnification may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on
the amount so prepaid, or not so borrowed, converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow,
convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any)
over (ii) the amount of interest (as reasonably determined by such Lender) that 

  
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would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts
payable pursuant to this Section 2.17 submitted to the Borrowers’ Agent by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans
and all other amounts payable hereunder. 
 2.18 Change of Lending Office. Each Lender agrees that, upon the occurrence of any event
giving rise to the operation of Section 2.15 or 2.16(a) or (d) with respect to such Lender, it will, if requested by the Borrowers’ Agent, use reasonable efforts (subject to overall policy considerations of such
Lender) to designate another lending office for any Loans affected by such event with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause
such Lender and its lending offices to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section 2.18 shall affect or postpone any of the obligations of the Borrowers or the
rights of any Lender pursuant to Section 2.15 or 2.16(a) or (d). 
 2.19 Replacement of Lenders. The
Borrowers’ Agent shall be permitted to replace any Lender that (a) is entitled to additional amounts pursuant to Section 2.15 or 2.16(a) or (d), (b) becomes a Defaulting Lender, or (c) does not consent
to any proposed amendment, supplement, modification, consent or waiver of any provision of this Agreement or any other Loan Document that requires the consent of each of the Lenders or each of the Lenders affected thereby (so long as the consent of
the Majority Lenders has been obtained) (any such Lender, a “Non-Consenting Lender”), with a replacement financial institution; provided that (i) such replacement does not conflict with any Requirement of Law,
(ii) no Event of Default shall have occurred and be continuing at the time of such replacement, (iii) prior to any such replacement, such Lender shall have taken no action under Section 2.18 so as to eliminate the continued
need for payment of amounts owing pursuant to Section 2.15 or 2.16(a) or (d), (iv) the replacement financial institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to
the date of replacement, (v) the Borrowers shall be liable to such replaced Lender under Section 2.17 if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating
thereto, (vi) the replacement financial institution shall be reasonably satisfactory to the Administrative Agent, (vii) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of
Section 10.6 (provided that the Borrowers shall be obligated to pay the registration and processing fee referred to therein), (viii) until such time as such replacement shall be consummated, the Borrowers shall pay all
additional amounts (if any) required pursuant to Section 2.15 or 2.16(a) or (d), as the case may be, (ix) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or
payments required to be made pursuant to Section 2.16, such assignment will result in a reduction in such compensation or payments thereafter; (x) in the case of any assignment resulting from a Lender becoming a Non-Consenting
Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent; and (xi) any such replacement shall not be deemed to be a waiver of any rights that any Borrower, the Administrative Agent or any other Lender
shall have against the replaced Lender. 
 2.20 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary,
if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a) Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in the definition of “Majority Lenders” and Section 10.1; 

  
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 (b) any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 10.7 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder;
second, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined
by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released in order to satisfy such Defaulting Lender’s potential future funding obligations with
respect to Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any final and non-appealable judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender
as a result of such Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any final and
non-appealable judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to such Defaulting
Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate
share, and (y) such Loans were made at a time when the conditions set forth in Section 5.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis prior to
being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the Commitments. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender
that are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.20(b) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

In the event that the Administrative Agent and the Borrowers’ Agent agree that a Defaulting Lender has adequately remedied all matters
that caused such Lender to be a Defaulting Lender, then on such date such Lender shall, to the extent applicable, purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such
Lender to hold such Loans in accordance with its Applicable Percentage. 
 SECTION 3 

[RESERVED] 
 SECTION 4 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans, except to the extent any such
representations and warranties relate, by their terms, to a specific date, as of the date hereof (and as required under Section 5.2) the Borrowers hereby represent and warrant to the Administrative Agent and each Lender that: 

4.1 Financial Condition. (a) [reserved]. 

(b) The audited consolidated balance sheet of the MLP as of December 31, 2014, and the related consolidated statements of
income and of cash flows for the Fiscal Year ended on such date, reported on by and accompanied by an unqualified report from Ernst & Young LLP, 

  
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present fairly in all material respects the consolidated financial condition of the MLP and its consolidated Subsidiaries as of such date, and the consolidated results of its operations and its
consolidated cash flows for the Fiscal Year then ended. The unaudited consolidated balance sheet of the MLP and its Subsidiaries as of September 30, 2015, and the related unaudited consolidated statements of income and cash flows for the
nine-month period ended on such date, present fairly in all material respects the consolidated financial condition of the MLP and its consolidated Subsidiaries as of such date, and the consolidated results of its operations and its consolidated cash
flows for the nine-month period then ended (subject to normal year-end audit adjustments and the absence of footnotes). All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP
applied consistently throughout the periods involved (except as disclosed therein). 
 4.2 No Change. Since December 31, 2014,
there has been no development or event that has had or is reasonably expected to have a Material Adverse Effect. 
 4.3 Existence;
Compliance with Law. Each Group Member (a) is duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its organization or incorporation, except to the extent, with respect to a Subsidiary,
where any failure to maintain existence or good standing would not have a Material Adverse Effect, (b) has the corporate or other organizational power and authority to own and operate its property, to lease the property it operates as lessee
and to conduct the business in which it is currently engaged, except to the extent that the lack of any such power or authority would not reasonably be expected to cause a Material Adverse Effect, (c) is duly qualified as a foreign corporation
or other organization and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification, except to the extent that the failure to so qualify would
not reasonably be expected to have a Material Adverse Effect, and (d) is in compliance with all applicable Requirements of Law (excluding Environmental Laws and ERISA, but including the Patriot Act) except to the extent that the failure to
comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 4.4 Power; Authorization;
Enforceable Obligations. Each Loan Party has the corporate or organizational power and authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of each Borrower, to obtain extensions of credit hereunder.
Each Loan Party has taken all necessary corporate or organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each Borrower, to authorize the extensions of credit on
the terms and conditions of this Agreement. No consent or authorization of, filing with, notice to or other act by, or in respect of, any Governmental Authority or any other Person is required in connection with the extensions of credit hereunder or
with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan Documents to which a Loan Party is a party, except (i) filings necessary to perfect the Liens on the Collateral granted by the Loan
Parties in favor of the Administrative Agent, (ii) the authorizations, approvals, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect, (iii) those filings and actions agreed by
the parties to be taken after the Closing Date pursuant to and in accordance with the terms of the Collateral Documents and (iv) any consent, authorization, filing or notice, where the failure to obtain any such consent or authorization or to
make any such filing or give any such notice would not reasonably be expected to have a Material Adverse Effect. This Agreement has been, and each Loan Document will be, duly executed and delivered on behalf of each Loan Party party thereto. This
Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights or remedies generally and by general equitable principles (whether enforcement is sought by proceedings
in equity or at law). 

  
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 4.5 No Legal Bar. The execution, delivery and performance of this Agreement and the other
Loan Documents to which a Loan Party is a party, the borrowings hereunder and the use of the proceeds thereof will not (a) violate any Requirement of Law or any Contractual Obligation of any Group Member, except where any such violation would
not reasonably be expected to result in a Material Adverse Effect, or (b) result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual
Obligation (other than the Liens created by the Security Documents), except where any such creation or imposition of any such Lien would not reasonably be expected to have a Material Adverse Effect. 

4.6 Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the
knowledge of the Borrowers’ Agent, threatened by or against any Group Member or against any of their respective properties or revenues which is reasonably expected to have a Material Adverse Effect. 

4.7 No Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect which would
reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 
 4.8 Ownership
of Property. Each Group Member has good record title in fee simple or fee simple with respect to surface rights only to all of the Mortgaged Property, valid lease-hold interests in, easements or other limited property interests in all of its
other real property, and good title to, or a valid leasehold interest in, all its other property except, in each case, where the failure to have such interests does not have a material adverse effect on the current operations of the Business of the
owner of such other real property or other property), in each case except for all Liens permitted by Section 7.3. 
 4.9
Intellectual Property. Each Group Member owns, or is licensed to use, all Intellectual Property necessary for the conduct of its business as currently conducted, except for any failures to own or license such Intellectual Property which would
not reasonably be expected to have a Material Adverse Effect. No material claim has been asserted against any Group Member and is pending by any Person challenging the use of any such Intellectual Property or the validity or effectiveness of any
such Intellectual Property, nor does the Borrowers’ Agent know of any valid basis for any such claim, except, in each case, for claims that would not reasonably be expected to have a Material Adverse Effect. To the knowledge of the
Borrowers’ Agent, the use of Intellectual Property by each Group Member does not infringe on the rights of any Person, except for such infringements that, in the aggregate, are not reasonably expected to have a Material Adverse Effect. 

4.10 Taxes. Each Group Member has filed or caused to be filed all Federal, state and other material Tax returns, which, to the
knowledge of the Borrowers’ Agent, are required to be filed by such Group Member and has paid or made provision for the payment of all Taxes shown to be due and payable on said returns or on any assessments made against it or any of its
property in respect thereof received by such Group Member, and all other Taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than, in each case, (a) any Taxes the amount or validity of which is
currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the relevant Group Member and (b) other Taxes where any such failure to file or any
such failure to pay would not reasonably be expected to have a Material Adverse Effect); no Tax Lien has been filed in respect of any material amount of unpaid Taxes in respect of which, to the knowledge of the Borrowers’ Agent, any claim is
being asserted, except where such claim is not reasonably expected to result in a Material Adverse Effect with respect to any such Tax. 

4.11 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used (a) for
“buying” or “carrying” any “margin stock” within the respective 

  
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meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect for any purpose that violates the provisions of the Regulations of the Board or
(b) for any purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative Agent, the Borrowers’ Agent will furnish to the Administrative Agent and each Lender a statement to the
foregoing effect in conformity with said Regulation U and any applicable forms required from time to time thereunder. No Loan Party is or will be principally engaged or substantially involved in the business of extending credit for the purpose of
“buying” or “carrying” any “margin stock.” 
 4.12 Labor Matters. Except as, in the aggregate, would
not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes, lockouts or slowdowns against any Group Member pending or, to the knowledge of the Borrowers’ Agent, threatened; (b) hours worked by and payment
made to employees of each Group Member have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member in respect of employee health
and welfare insurance have been paid or accrued as a liability on the most recent audited financial statements of the relevant Group Member. 

4.13 ERISA. Except as, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect:
(a) each Group Member and each ERISA Affiliate are in compliance with the applicable provisions of ERISA and the provisions of the Code relating to Plans; (b) no ERISA Event or Foreign Plan Event has occurred or is reasonably expected to
occur; (c) all liabilities required to be accrued by Accounting Standards Codification No. 715: Compensation Retirement Benefits with respect to, or by the terms of, any retiree welfare benefit arrangement maintained by any Group Member or
any ERISA Affiliate or to which any Group Member or any ERISA Affiliate has an obligation to contribute have been accrued in accordance with Accounting Standards Codification No. 715: Compensation Retirement Benefits; and (d) the present
value of all accumulated benefit obligations under each Pension Plan (based on the assumptions used for purposes of Accounting Standards Codification No. 715: Compensation Retirement Benefits) did not, as of the date of the most recent audited
financial statement reflecting such amounts, exceed the Fair Market Value of the assets of such Pension Plan allocable to such accrued benefits. 

4.14 Investment Company Act; Other Regulations. No Loan Party is an “investment company”, or a company “controlled”
by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is subject to regulation under any Federal or state statue or regulation (other than Regulation X of the Board) that
limits its ability to incur Indebtedness under the Loan Documents. 
 4.15 Subsidiaries. Schedule 4.15 lists the correct legal
name and jurisdiction of incorporation or formation of all of the Subsidiaries of the MLP as of the Closing Date. 
 4.16 Use of
Proceeds. The proceeds of the Loans will be used (i) to consummate one or more transactions on or after the date hereof that will result in the MLP having no further liability with respect to the Parent Notes, (ii) to pay costs and
expenses incurred in connection with the Transactions, and (iii) for general corporate, partnership and limited liability company purposes. 

4.17 Environmental Matters. Except to the extent that the following would not reasonably be expected to have a Material Adverse Effect:

 (a) the facilities and properties owned, leased or operated by any Group Member (the “Properties”) do not
contain, and during its period of ownership, lease or operation of the Properties, have not previously contained, any Materials of Environmental Concern in amounts or concentrations that constitute a violation of, or would reasonably be expected to
give rise to liability on the part of such Group Member under, any applicable Environmental Law; 

  
 44 

 (b) no Group Member has received any written notice of violation, alleged
violation, non-compliance, liability or potential liability regarding any applicable Environmental Laws with regard to any of the Properties or the business operated by any Group Member (the “Business”), nor does any Responsible
Officer of the Borrowers’ Agent have knowledge that any such notice has been threatened in writing; 
 (c) Materials of
Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a manner that would reasonably be expected to give rise to liability on the part of any Group Member under, any applicable Environmental Law,
nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any Property in violation of, or in a manner that would reasonably be expected to give rise to liability on the part of any Group Member
under, any applicable Environmental Law; 
 (d) no judicial proceeding or governmental or administrative action is pending
or, to the knowledge of any Responsible Officer of the Borrowers’ Agent, threatened in writing, under any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are there
any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business; 

(e) there has been no Release of Materials of Environmental Concern at or from the Properties, or arising from or related to
the operations of any Group Member in connection with the Properties or otherwise in connection with the Business, in violation of any applicable Environmental Laws; 

(f) the Properties and all operations at the Properties are in compliance, and have in the five-year period prior to the date
on which this representation is made or deemed made on the date of any extension of credit been in compliance, with all applicable Environmental Laws; and 

(g) no Group Member has assumed any liability of any other Person under Environmental Laws. 

4.18 Accuracy of Information, etc. No statement or information contained in this Agreement, any other Loan Document or any other
document, written certificate or written statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the this Agreement or the other Loan Documents, taken as a whole
with all other certificates, documents and written statements furnished prior to or substantially contemporaneously therewith, contained, as of the date such statement, information, written document or written certificate was so furnished, any
untrue statement of a material fact or omitted to state a material fact known to the Borrowers’ Agent and necessary to make the statements contained herein or therein, in light of the circumstances under which they were or will be made not
misleading; provided that, with respect to projections and pro forma financial information contained in the materials referenced above the Borrowers represent only that such information was prepared in good faith based upon
estimates and assumptions believed by management of the Borrowers’ Agent to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that
actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount. As of the Closing Date, the Borrowers have disclosed to the Lenders all facts known to
them that would reasonably be expected to have a Material Adverse Effect. 

  
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 4.19 Security Documents. (a) The Guarantee and Collateral Agreement, upon execution
and delivery thereof by the parties thereto, will, to the extent required therein, be effective to create in favor of the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable security interest under the New York UCC
in the Collateral described therein. In the case of the Pledged Stock described in the Guarantee and Collateral Agreement constituting certificated securities (as defined in the New York UCC), when such certificated securities are delivered to the
Administrative Agent or, as contemplated by the Guarantee and Collateral Agreement to the administrative agent for the Revolving Credit Facility (together with a properly completed and signed stock power or endorsement executed in blank), the
security interest created under the Guarantee and Collateral Agreement will constitute a fully perfected security interest in all right, title and interest of the pledgors thereunder in such Pledged Stock, prior and superior in right to any other
Person (except for Liens securing the Obligations (as defined in the Revolving Credit Facility) which may rank pari passu), to the extent that such security interest can be perfected under the New York UCC. In the case of the other Collateral
described in the Guarantee and Collateral Agreement, when uniform commercial code financing statements in appropriate form are filed in the applicable offices, the security interest created under the Guarantee and Collateral Agreement shall
constitute a fully perfected security interest in all right, title and interest of the Loan Parties in such Collateral to the extent perfection can be obtained by filing uniform commercial code financing statements, prior and superior to the rights
of any other Person (except for rights secured by Liens permitted by Section 7.3). 
 (b) Each of the Mortgages,
upon execution and delivery thereof by the parties thereto, will be effective to create in favor of the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable security interest in all the applicable mortgagor’s
right, title and interest in and to the Mortgaged Properties subject thereto and the proceeds thereof, and when the Mortgages are filed in the jurisdictions specified therein, each such Mortgage shall constitute a fully perfected security interest
in all right, title and interest of the mortgagors in the Mortgaged Properties and the proceeds thereof, in each case prior and superior to the rights of any other Person (except for rights secured by Liens permitted by Section 7.3).
Schedule 1.1B lists, as of the Closing Date, each parcel of owned real property located in the United States and held by the MLP or any of its Restricted Subsidiaries (other than Excluded Subsidiaries) that has a value, in the reasonable
opinion of the MLP, in excess of $10,000,000. 
 4.20 Solvency. Immediately after the consummation of the Transactions to occur on
the Closing Date, including the making of each Loan to be made on the Closing Date and as of the date of each other extension of credit hereunder after, in each case, the application of the proceeds of such Loans, and after giving effect to the
rights of subrogation and contribution under the Guarantee and Collateral Agreement and otherwise, the MLP and its Restricted Subsidiaries, taken as a whole and on a consolidated basis, will be Solvent. 

4.21 OFAC. 
 None of the
MLP, nor any of its Subsidiaries, nor, to the knowledge of the Loan Parties and their Subsidiaries, any director, officer, or employee thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is
(i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals, or, to the extent applicable, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban
List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. 

  
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 4.22 Anti-Corruption Laws. 

The MLP and its Subsidiaries have conducted their businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, and,
to the extent applicable, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws, to the
extent applicable. 
 SECTION 5 

CONDITIONS PRECEDENT 
 5.1
Conditions to Initial Extension of Credit. The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on
the Closing Date, of the following conditions precedent: 
 (a) Credit Agreement; Guarantee and Collateral Agreement.
The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Administrative Agent, the Borrowers and each Lender, and (ii) the Guarantee and Collateral Agreement, executed and delivered by the MLP and each
Restricted Subsidiary that is not an Excluded Subsidiary. 
 (b) Approvals. All governmental and third party approvals
necessary in connection with the Transactions, the continuing operations of the Group Members and the transactions contemplated hereby shall have been obtained and be in full force and effect, and all applicable waiting periods shall have expired
without any action being taken or threatened by any competent authority that would restrain, prevent or otherwise impose adverse conditions on the Transactions or the financing contemplated hereby. 

(c) Fees. The Lenders and the Administrative Agent shall have received all fees required to be paid, and all expenses
for which invoices have been presented (including the reasonable fees and expenses of legal counsel), on or before the Closing Date. 

(d) Closing Certificate; Certified Certificate of Incorporation; Good Standing Certificates. The Administrative Agent
shall have received (i) a certificate of each Loan Party, dated the Closing Date, substantially in the form of Exhibit C, with appropriate insertions and attachments, including the certificate of incorporation or organization of
each Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party (to the extent such jurisdiction provides such certifications), and (ii) a long form good standing certificate for each Loan Party from
its jurisdiction of organization (to the extent such jurisdiction issues such certificates). 
 (e) Legal Opinions.
The Administrative Agent shall have received the following executed legal opinions, in each case in form and substance reasonably satisfactory to the Administrative Agent: 

(i) the legal opinion of Vinson & Elkins L.L.P., counsel to the MLP and its Subsidiaries; and 

(ii) the legal opinion of local counsel in Ohio and of such other special and local counsel as may be reasonably requested by
the Administrative Agent. 

  
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 Each such legal opinion shall cover such other matters incident to the transactions contemplated
by this Agreement as the Administrative Agent may reasonably require. 
 (f) Intercreditor Agreement. The
Administrative Agent shall have received an intercreditor agreement, in form and substance satisfactory to the Administrative Agent, executed by the administrative agent for the Revolving Credit Facility. 

(g) Filings, Registrations and Recordings. Each document (including any Uniform Commercial Code financing statement)
required by the Security Documents or under law or reasonably requested by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the benefit of the Lenders, a perfected Lien on the
Collateral described therein, prior and superior in right to any other Person (other than with respect to Liens expressly permitted by Section 7.3), shall be in proper form for filing, registration or recordation. 

(h) Mortgages, etc. 

(i) The Administrative Agent shall have received a Mortgage with respect to each Mortgaged Property (other than the properties
located in Madison County, Illinois), executed and delivered by a duly authorized officer of each party thereto. In any jurisdiction which requires the payment of mortgage recording tax, the maximum amount secured by any Mortgage shall be subject to
the reasonable approval of the Administrative Agent, not to exceed the value of the property (together with improvements). 

(ii) If requested by the Administrative Agent, the Administrative Agent shall have received, and the title insurance company
selected by the mortgagor, and reasonably acceptable to the Administrative Agent issuing the policy referred to in clause (iii) below (the “Title Insurance Company”) shall have received, either aerial surveys, so-called
“Express Maps” or maps or plats of an as-built survey, in each case which may show the general outlines or contours of material buildings and improvements without the necessity for specific heights, dimensions or additional building
details of such buildings and improvements and are sufficient for the Title Insurance Company to remove the survey exception from the respective policy, of the sites of the Mortgaged Properties reasonably satisfactory to them, dated a date
reasonably satisfactory to the Administrative Agent and the Title Insurance Company by an independent professional licensed land surveyor or equivalent licensed professional authorized to perform such work under local law reasonably satisfactory to
the Administrative Agent and the Title Insurance Company (except in the case of Express Maps, which shall be performed in accordance with customary industry practice but shall not be certified). 

(iii) The Administrative Agent shall have received in respect of each Mortgaged Property (other than the properties located in
Madison County, Illinois) a mortgagee’s title insurance policy (or policies) or a marked up unconditional binder for such insurance, with a maximum amount of liability not in excess of the Commitments and reasonably allocated among the
Mortgaged Properties, subject to all Liens permitted by Section 7.3 and otherwise in each case in form and substance reasonably satisfactory to the Administrative Agent, subject to the provisions of subsection (ii) above and the
further provisions hereof (individually, a “Policy”, and collectively, the “Policies”). The Administrative Agent shall have received evidence satisfactory to it that all premiums in respect of each such Policy, all
charges for mortgage recording tax, and all related 

  
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expenses, if any, have been paid. Notwithstanding the foregoing, (A) with respect to all such policies, in any case where a zoning endorsement would otherwise be requested by the
Administrative Agent and the cost of same is a percentage of the base title premium or otherwise more than a nominal amount, the Administrative Agent will reasonably consider the Borrowers’ reasonable requests that Administrative Agent accept a
zoning report from a nationally recognized provider and/or a zoning opinion as may be reasonably requested by the Administrative Agent, and (B) with respect to all other endorsements which Administrative Agent may reasonably request and which
are charged as a percentage of the base title premium, the Administrative Agent will reasonably consider the Borrowers’ reasonable requests for alternative and less expensive forms of assurance or protection or for elimination of such request
entirely. 
 (iv) If requested by the Administrative Agent, the Administrative Agent shall have received (A) a policy of
flood insurance that (1) covers any parcel of improved real property that is encumbered by any Mortgage (except that flood insurance shall be required only with respect to such portions of such real property which are improved with buildings
and improvements of a substantial nature which are material to the conduct of the business presently being conducted thereon, or as to which the Administrative Agent is required by law to require such flood insurance), (2) is written in an
amount not less than the outstanding principal amount of the indebtedness secured by such Mortgage that is reasonably allocable to such real property or the maximum limit of coverage made available with respect to the particular type of property
under the National Flood Insurance Act of 1968, whichever is less, and (3) has a term ending not later than the maturity of the Indebtedness secured by such Mortgage and (B) confirmation that the MLP has received the notice required
pursuant to Section 208(e)(3) of Regulation H of the Board. 
 (i) Insurance. The Administrative Agent shall have
received insurance certificates satisfying the requirements of Section 4.03(i) of the Guarantee and Collateral Agreement. 

(j) Patriot Act. To the extent requested by a Lender at least 5 days prior to the Closing Date, the Borrowers shall have
provided to such Lender all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Patriot Act. 

(k) Financial Statements. The Lenders shall have received unaudited interim consolidated financial statements of the MLP
for the Fiscal Quarter ended September 30, 2015. 
 For the purpose of determining compliance with the conditions specified in this
Section 5.1, each Lender that has signed this Agreement shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 5.1 unless the Administrative Agent shall have
received written notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 
 5.2 Conditions to Each
Extension of Credit. The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent: 

(a) Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to
the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of such date (except to the extent (a) any such representations and warranties relate, by their terms, to a specific date, in
which case 

  
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such representations and warranties shall be true and correct in all material respects on and as of such specific date and (b) any such representations and warranties are qualified by
materiality, in which case such representations and warranties shall be true and correct in all respects). 
 (b) No
Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date. 

(c) Notice. In the case of the borrowing of a Loan, the Administrative Agent shall have received a Loan Notice as
required by Section 2.2. 
 Each borrowing by the MLP hereunder shall constitute a representation and warranty by the MLP as of the date of such
extension of credit that the conditions contained in this Section 5.2 have been satisfied. 
 SECTION 6 

AFFIRMATIVE COVENANTS 
 The
Borrowers hereby agree that, so long as the Commitments remain in effect or any Loan or other amount is owing to any Lender or the Administrative Agent hereunder, the Borrowers shall and shall cause each of their respective Restricted Subsidiaries
to: 
 6.1 Financial Statements. Furnish to the Administrative Agent and each Lender: 

(a) within 90 days after the end of each Fiscal Year, a copy of the audited consolidated balance sheet of the MLP and its
consolidated Subsidiaries as of the end of such year and the related audited consolidated statements of income and of cash flows for such year, setting forth in each case in comparative form the figures for the previous year, reported on without a
“going concern” or like qualification or exception, or qualification arising out of the scope of the audit, by Ernst & Young LLP or other independent certified public accountants of nationally recognized standing (it being
understood that the report referred to in this sentence is the report with respect to the MLP’s audited financial statements and not any report with respect to the effectiveness of the MLP’s internal controls over financial reporting); and

 (b) not later than 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, the unaudited
consolidated balance sheet of the MLP and its consolidated Subsidiaries as of the end of such Fiscal Quarter and the related unaudited consolidated statements of income and of cash flows for such Fiscal Quarter and the portion of the Fiscal Year,
setting forth in each case in comparative form the figures for the corresponding previous Fiscal Quarter and corresponding portion of the MLP’s previous Fiscal Year, certified by a Responsible Officer as being fairly stated in all material
respects (subject to normal year-end audit adjustments and the absence of footnotes). 
 All such financial statements shall be fairly stated in all
material respects and shall be prepared in reasonable detail and in accordance with GAAP applied (except as approved by such accountants or officer, as the case may be, and disclosed therein) consistently throughout the periods reflected therein.
Any documents required to be delivered pursuant to subsection (a) or (b) above or Section 6.2(d) or 6.2(e) (to the extent any such documents are included in materials otherwise filed with the SEC) may be
delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the MLP posts such documents, or provides a link thereto, on the MLP’s website on the internet at the following website address:
www.sxcpartners.com; or (ii) on which such documents are posted on the MLP’s behalf on Syndtrak, IntraLinks/IntraAgency or another relevant website, if any, to which each 

  
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Lender and the Administrative Agent have access (whether a commercial, third-party or SEC website or whether sponsored by the Administrative Agent; provided that the MLP shall notify
(which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents to the extent any
Lender or the Administrative Agent reasonably demonstrates that it cannot access or obtain such documents. 
 6.2 Certificates; Other
Information. Furnish to the Administrative Agent and each Lender: 
 (a) to the extent consistent with the internal
policies of the independent public accountants reporting on the financial statements referred to in Section 6.1(a), concurrently with the delivery of such financial statements, a certificate of such independent certified public
accountants (which certificate may be limited to accounting matters and disclaim responsibility for legal interpretation) stating that in making the examination necessary for such report no knowledge was obtained of any Default or Event of Default
pursuant to Section 7.1, except as specified in such certificate; 
 (b) concurrently with the delivery of any
financial statements pursuant to Section 6.1, (i) a certificate of a Responsible Officer stating that, to the best of each such Responsible Officer’s knowledge, each Loan Party during such period has observed or performed all
of its covenants and other agreements, and satisfied every condition contained in this Agreement and the other Loan Documents to which it is a party to be observed, performed or satisfied by it, and that such Responsible Officer has obtained no
knowledge of any Default or Event of Default except as specified in such certificate, (ii) in the case of quarterly or annual financial statements, a Compliance Certificate containing all information and calculations necessary for determining
compliance by each Group Member with the financial covenants contained herein as of the last day of the Fiscal Quarter or Fiscal Year, as the case may be, and (iii) in the case of annual financial statements, to the extent not previously
disclosed to the Administrative Agent, (1) a description of any change in the jurisdiction of organization of any Loan Party and (2) a description of any Person that has become a Group Member, in each case since the date of the most recent
report delivered pursuant to this clause (b) (or, in the case of the first such report so delivered, since the Closing Date); 

(c) as soon as available, and in any event no later than 60 days after the end of each Fiscal Year, a detailed consolidated
budget for the following Fiscal Year (including a projected consolidated balance sheet of the MLP and its Subsidiaries as of the end of the following Fiscal Year, the related consolidated statements of projected cash flow and projected income and a
reasonable description of the underlying assumptions applicable thereto), and, promptly when available, significant revisions, if any, of such budget with respect to such Fiscal Year (collectively, the “Projections”); 

(d) within 45 days after the end of each Fiscal Quarter (or 90 days, in the case of the fourth Fiscal Quarter of each Fiscal
Year), a narrative discussion and analysis of the financial condition and results of operations of the MLP and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal
Quarter, together with a summary comparison of the portion of the Projections covering such periods and of the comparable periods of the previous year; 

(e) within 10 Business Days (or such longer period as the Administrative Agent, in its sole discretion, shall agree to) after
the same are sent, copies of all financial statements and material reports that the MLP sends to the holders of any class of its debt securities or public 

  
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equity securities and, within 10 Business Days (or such longer period as the Administrative Agent, in its sole discretion, shall agree to) after the same are filed, copies of all financial
statements and reports that the MLP may make to, or file with, the SEC; 
 (f) promptly following receipt thereof, copies of
any documents described in Sections 101(k) or 101(l) of ERISA that any Group Member requests with respect to any Multiemployer Plan; provided, that if the relevant Group Members have not requested such documents or notices from the
administrator or sponsor of the applicable Multiemployer Plans, then, upon reasonable request of the Administrative Agent, such Group Member or the ERISA Affiliate shall, to the extent and at the times permitted by Sections 101(k) and 101(l) of
ERISA, promptly make a request for such documents or notices from such administrator or sponsor and the MLP shall provide copies of such documents and notices to the Administrative Agent promptly after receipt thereof; and 

(g) promptly, such additional available information regarding the business or financial condition of the Group Members (not
otherwise required to be delivered to the Administrative Agent or any Lender under any Loan Document) as the Administrative Agent, or any Lender acting through the Administrative Agent, may from time to time reasonably request. 

Each Borrower hereby acknowledges that (a) the Administrative Agent may, but shall not be obligated to, make available to the Lenders
materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Syndtrak, ClearPar or a substantially similar electronic
transmission system (the “Platform”) and (b) certain of the Lenders (each a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the MLP or its
Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. Each Borrower hereby agrees that (w) all Borrower
Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by
marking Borrower Materials “PUBLIC,” the Borrowers shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to any
Borrower or its securities for purposes of United States federal and state securities Laws (provided, however, that to the extent such Borrower Materials constitute non-public information, they shall be treated as set forth in
Section 10.15); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent shall be
entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated as “Public Side Information.” Notwithstanding the foregoing, the Borrowers shall
be under no obligation to mark any Borrower Materials “PUBLIC.” 
 6.3 Payment of Obligations. Pay, discharge or otherwise
satisfy (or renew or extend) at or before maturity or before they become delinquent, as the case may be, all its obligations of whatever nature, except (a) where the amount or validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member or (b) to the extent that any such failure to so pay, discharge or satisfy would not be reasonably
expected to have a Material Adverse Effect. 
 6.4 Maintenance of Existence; Compliance. (a)(i) Preserve, renew and keep in full
force and effect its organizational existence in its jurisdiction of organization and (ii) take all reasonable action required to maintain all rights, privileges and franchises required in the normal conduct of its business, except, in each
case, as otherwise permitted by Section 7.4 and Section 7.5 and except, in the case of 

  
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clause (ii) above, to the extent that any other failure to do so would not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Contractual
Obligations and Requirements of Law except to the extent that failure to comply therewith would not reasonably be expected to have a Material Adverse Effect. 

6.5 Maintenance of Property; Insurance. (a) Keep all property in its business in good working order and condition (ordinary wear
and tear excepted) except for any failures to maintain such property that would not reasonably be expected to have a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies insurance on all its property
in at least such amounts and against at least such risks as are usually insured against in the same general area by companies engaged in the same or a similar business. 

6.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which entries which
are full, true and correct in all material respects and in conformity with GAAP and all applicable material Requirements of Law shall be made of all dealings and transactions in relation to its business and activities, and (b) permit
representatives of the Administrative Agent or any Lender to visit and inspect any of its material properties and examine and make abstracts from any of its books and records at any reasonable time, upon reasonable prior written notice delivered to
the Borrowers’ Agent and as often as may reasonably be desired and to discuss the business, operations, properties and financial condition of the Group Members with officers and employees of the Group Members and with their independent
certified public accountant; provided, however, that all such inspections shall be coordinated by the Lenders and the Administrative Agent, and by the Administrative Agent with the Borrowers’ Agent in order to minimize disruption
of the Group Members’ business, and so long as no Event of Default has occurred and is continuing, such inspections shall be limited to two per Fiscal Year. 

6.7 Notices. Promptly give notice to the Administrative Agent and each Lender of: 

(a) the occurrence of any Default or Event of Default upon any Responsible Officer obtaining knowledge thereof; 

(b) any (i) default or event of default under any Contractual Obligation of any Group Member which would reasonably be
expected to have a Material Adverse Effect, (ii) litigation, investigation or proceeding of or before any arbitrator or Governmental Authority by or against any Group Member in which there is a reasonable expectation of a determination adverse
to such Group Member that would reasonably be expected to have a Material Adverse Effect or (iii) any early termination of, or force majeure event under, any coke sales agreements and energy sales agreements with AK Steel, ArcelorMittal or U.S.
Steel (solely in the case of any force majeure event, to the extent such force majeure event would reasonably be expected to continue for a period of two weeks or more); 

(c) the occurrence of any ERISA Event or Foreign Plan Event that, alone or together with any other ERISA Events and/or Foreign
Plan Events that have occurred, could reasonably be expected to result in liability of any Group Member or any ERISA Affiliate in an aggregate amount exceeding the Threshold Amount, as soon as possible and in any event within 10 days after the MLP
knows or has reason to know thereof; and 
 (d) any other development or event that has had or would reasonably be expected
to have a Material Adverse Effect. 

  
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 Each notice pursuant to this Section 6.7 shall be accompanied by a statement of a Responsible Officer
setting forth details of the occurrence referred to therein and stating what action the relevant Group Member proposes to take with respect thereto. 

6.8 Environmental Laws. 

(a) Comply in all material respects with all applicable Environmental Laws, and obtain and comply with, in all material
respects and maintain any and all licenses, approvals, notifications, registrations or permits materially required to be obtained and maintained by any Group Member by applicable Environmental Laws. 

(b) Except as otherwise could not reasonably be expected to have a Material Adverse Effect, conduct and complete all
investigations and all remedial, removal and other actions in respect of any Materials of Environmental Concern required to be conducted or completed by any Group Member under Environmental Laws and promptly comply in with all lawful orders and
directives of all Governmental Authorities applicable to any Group Member regarding Environmental Laws, except to the extent that the same are being contested in good faith by appropriate proceedings. 

6.9 Additional Collateral, etc. (a) With respect to any property acquired after the Closing Date by any Loan Party (other than
(v) real property, (w) Excluded Collateral, (x) any property described in paragraph (b), (c) or (d) below, (y) any property subject to a Lien expressly permitted by Section 7.3(e) and
(z) as otherwise set forth in the Security Documents) as to which the Administrative Agent, for the benefit of the Lenders, does not have a perfected Lien, within thirty (30) days of the acquisition thereof (or such longer period as the
Administrative Agent, in its sole discretion, shall agree to) (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably requests
to grant to the Administrative Agent, for the benefit of the Lenders, a security interest in such property and (ii) take all actions reasonably requested by the Administrative Agent to grant to the Administrative Agent, for the benefit of the
Lenders, a perfected security interest (to the extent and with the priority required by the Guarantee and Collateral Agreement in such property), including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be
required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Administrative Agent. 

(b) With respect to any fee interest in any real property having a value (together with improvements thereof and any related
mineral rights owned by any Loan Party intended to be accessed through such real property) of at least $10,000,000 (as determined at the time of acquisition) acquired after the Closing Date by any Loan Party (other than (x) Excluded Collateral,
(y) any such real property subject to a Lien expressly permitted by Section 7.3(e) and (z) as otherwise set forth in the Security Documents), deliver, or cause to be delivered, within forty-five (45) days after the
acquisition of such real property (or such longer period as the Administrative Agent, in its sole discretion, shall agree to), to the extent the same would be required under Section 5.1(h) if such real property were owned by a Loan Party
on the Closing Date, (i) a fully executed Mortgage, in favor of the Administrative Agent, for the benefit of the Lenders, covering such real property (with a maximum value not to exceed the cost of acquisition (excluding the value of any such
mineral rights) in any jurisdiction in which a mortgage recording tax is payable), subject to Liens as permitted pursuant to Section 7.3, (ii) provide the Administrative Agent with title and extended coverage insurance covering such
real property in an amount not in excess of the existing Commitments at the time of acquisition, subject to the same general provisions as contained in Section 5.1(h)(iii), as well as a current survey thereof together with a
surveyor’s certificate (if applicable) in form and substance reasonably satisfactory 

  
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to the Administrative Agent, subject to the same general provisions of Section 5.1(h)(ii); provided, however, that the survey requirements of this
Section 6.9(b) may be satisfied by a customary “no change” affidavit with respect to any pre-existing or newly commissioned survey obtained in connection with such acquisition (if acceptable for survey coverage), and
(iii) if requested by the Administrative Agent, legal opinions relating only to the validity and enforceability (but not the priority) of the Lien of such Mortgage, which opinions shall be in form and substance, and from counsel, reasonably
satisfactory to the Administrative Agent. For the avoidance of doubt, if the fee interest in such real property shall be acquired without a title policy and/or survey which would otherwise meet the foregoing requirements of this
Section 6.9(b), then the title policy and/or survey requirements of this Section 6.9(b) shall be limited to that portion of such fee interest which comprises the most valuable real property as used in or material to the
business currently conducted thereon at the time of the delivery in question, as reasonably determined by the Administrative Agent; provided however that with respect to the remainder of the fee interest in such property, the title
company shall certify only that the mortgagor is the owner of record based on recorded deeds with respect to such real property, subject to all matters of record, all title defects, and all standard exclusions and exceptions; provided
however that, other than property otherwise excluded in this Section 6.9, no more than $25,000,000 in value as determined at the time of the relevant acquisition (together with improvements thereof and any related mineral rights
owned by any Loan Party intended to be accessed through such real property) of real property shall be excluded as Collateral under this clause (b). 

(c) With respect to any new Restricted Subsidiary created or acquired after the Closing Date by any Loan Party (which, for the
purposes of this paragraph (c), shall include any existing Restricted Subsidiary that ceases to be an Excluded Subsidiary), within thirty (30) days of such creation or acquisition (or such longer period as the Administrative Agent, in
its sole discretion, shall agree to) (i) unless such Restricted Subsidiary is a Foreign Subsidiary, execute and deliver to the Administrative Agent such amendments or supplements to the Guarantee and Collateral Agreement as the Administrative
Agent reasonably requests to grant to the Administrative Agent, for the benefit of the Lenders, a perfected security interest (to the extent and with the priority required by the Guarantee and Collateral Agreement) in the Capital Stock of such new
Restricted Subsidiary that is owned by any Loan Party, (ii) unless such Restricted Subsidiary is a Foreign Subsidiary, deliver to the Administrative Agent the certificates (if any) representing such Capital Stock, together with undated stock
powers, in blank, executed and delivered by a duly authorized officer of the relevant Group Member, (iii) unless such Restricted Subsidiary is an Excluded Subsidiary, cause such new Restricted Subsidiary (A) to become a party to
(1) this Agreement as a “Borrower” and (2) the Guarantee and Collateral Agreement, (B) to take such actions necessary or advisable to grant to the Administrative Agent for the benefit of the Lenders a perfected security
interest (to the extent and with the priority required by the Guarantee and Collateral Agreement) in the Collateral described in the Guarantee and Collateral Agreement with respect to such new Restricted Subsidiary, including the filing of Uniform
Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or as may be reasonably requested by the Administrative Agent and (C) to deliver to the Administrative Agent a certificate
of such Restricted Subsidiary, substantially in the form of Exhibit C, with appropriate insertions and attachments, and (iv) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to
the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 

(d) With respect to any new Restricted Subsidiary that is a Foreign Subsidiary created or acquired after the Closing Date by
any Group Member (other than by any Group Member that is an Excluded Subsidiary), within thirty (30) days of such creation or acquisition 

  
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(or such longer period as the Administrative Agent, in its sole discretion, shall agree to) (i) execute and deliver to the Administrative Agent such amendments or supplements to the
Guarantee and Collateral Agreement as the Administrative Agent reasonably requests to grant to the Administrative Agent, for the benefit of the Lenders, a perfected security interest (to the extent and with the priority required by the Guarantee and
Collateral Agreement) in the Capital Stock of such new Subsidiary that is directly owned by any Loan Party, provided that in no event shall more than 65% of the total outstanding voting Capital Stock of any such new Subsidiary be required to
be so pledged, (ii) deliver to the Administrative Agent the certificates (if any) representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party and
(iii) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the
Administrative Agent. 
 (e) Notwithstanding anything contained in any Loan Document to the contrary, (i) no Group
Member shall be required to take any action in any jurisdiction to create any security interest in assets located or titled outside of the United States (or any political subdivision thereof) or to perfect any security interests in such assets,
(ii) no Group Member shall be required to enter into any security agreement governed by the laws of any jurisdiction other than the United States (or any political subdivision thereof), and (iii) no Group Member shall be required to enter
into any account control agreements with respect to deposit or securities accounts or take any other steps to perfect any security interest in such accounts or cash or cash equivalents. 

(f) At such time as Raven Energy LLC is no longer subject to restrictions set forth in that certain Amended and Restated Credit
Agreement, dated as of June 28, 2013, among Raven Energy LLC, as borrower, the lenders listed therein and Tyler Forks Iron Company LLC, as administrative agent, that prohibit Raven Energy LLC from granting security interests in its assets to
secure the Obligations, Raven Energy LLC will pledge its assets to secure the Obligations on a pari passu basis with the Revolving Credit Facility and otherwise in accordance with this Section 6.9 assuming that such assets were acquired
on the date such restrictions ceased to be in effect. 
 6.10 Payment of Taxes. The Borrowers will pay and discharge, and will cause
each of the Restricted Subsidiaries to pay and discharge, all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits, or upon any properties belonging to it, in each case on a timely basis, which, if
unpaid, may reasonably be expected to become a lien or charge upon any properties of the Borrowers or any of the Restricted Subsidiaries not otherwise permitted under this Agreement; provided that none of the Borrowers or any of the
Restricted Subsidiaries shall be required to pay any such tax, assessment, charge or levy which is being contested in good faith and by proper proceedings if it has maintained adequate reserves with respect thereto in accordance with GAAP or which
would not reasonably be expected to constitute a Material Adverse Effect. 
 6.11 Designation of Subsidiaries. 

(a) Subject to Section 6.11(b) below, the board of directors of the General Partner may at any time designate any
Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary. The designation of any Restricted Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the MLP therein at the date
of designation in an amount equal to the Fair Market Value of the MLP’s investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness
or Liens of such Subsidiary existing at such time. 

  
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 (b) The MLP may not (x) designate any Restricted Subsidiary as an
Unrestricted Subsidiary, or (y) designate an Unrestricted Subsidiary as a Restricted Subsidiary, in each case unless: 

(i) the MLP shall be in compliance on a Pro Forma Basis with the covenants set forth in Section 7.1, calculated as
of the last day of the most recently ended fiscal quarter of the MLP for which financial statements have been delivered pursuant to Section 6.1; 

(ii) no Default or Event of Default exists or would result therefrom; and 

(iii) in the case of clause (x) only, (A) the Subsidiary to be so designated does not (directly, or indirectly
through its Subsidiaries) own any Capital Stock or own or hold any Lien on any property of the MLP or any Restricted Subsidiary, and (B) to the extent any Indebtedness of the Subsidiary is not Non-Recourse Debt, any guarantee thereof by the MLP
or any Restricted Subsidiary is permitted under Sections 7.2 and 7.8. 
 6.12 Anti-Corruption Laws. 

Conduct, and cause each of its Subsidiaries to conduct, its businesses in compliance with the United States Foreign Corrupt Practices Act of
1977, and if applicable to any Group Member, the UK Bribery Act 2010 and other similar anti-corruption legislation in other jurisdictions and maintain policies and procedures designed to promote and achieve compliance with such laws. 

6.13 Post-Closing Mortgages. 
 Within
ninety (90) days following the Closing Date (or such later date as determined by the Administrative Agent in its sole discretion), with respect to the Mortgaged Properties located in Madison County, Illinois, deliver to the Administrative
Agent, Mortgages with respect to such properties executed and delivered by a duly authorized officer of each party thereto, together with all other items required to be delivered pursuant to Section 5.1(h) with respect to the other
Mortgaged Properties on the Closing Date, including fully paid flood hazard insurance on such Mortgaged Properties, on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 and the rules and regulations
promulgated thereunder, in each case as amended, supplemented or otherwise modified from time to time. 
 SECTION 7 

NEGATIVE COVENANTS 
 The Borrowers
hereby agree that, so long as the Commitments remain in effect or any Loan or other amount is owing to any Lender or the Administrative Agent hereunder, no Borrower shall, and no Borrower shall permit any of its Restricted Subsidiaries to, directly
or indirectly: 
 7.1 Financial Condition Covenants. 

(a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four
consecutive Fiscal Quarters, commencing with the Fiscal Quarter ending December 31, 2015 and for every Fiscal Quarter thereafter, to exceed 4.50 to 1.00; provided, however, that during a Specified Acquisition Period, the
Consolidated Leverage Ratio shall not exceed during the period commencing with the Fiscal Quarter ending December 31, 2015 and for every Fiscal Quarter thereafter, 5.00 to 1.00. 

(b) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio determined as of the last day
of any period of four consecutive Fiscal Quarters commencing with the Fiscal Quarter ending December 31, 2015, to be less than 2.50 to 1.00. 

  
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 7.2 Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to
exist any Indebtedness, except: 
 (a) Indebtedness of any Loan Party pursuant to any Loan Document; 

(b) Indebtedness of the MLP or any Restricted Subsidiary to the MLP or any Restricted Subsidiary; provided that
(x) Indebtedness owed by any Restricted Subsidiary that is not a Loan Party to the MLP, any Borrower or any Guarantor shall be subject to Section 7.8 and (y) Indebtedness owed by a Loan Party to any Restricted Subsidiary that
is not a Loan Party shall be subordinated in right of payment to the Obligations; 
 (c) Guarantee Obligations by
(i) the MLP or any Restricted Subsidiary of Indebtedness of the MLP or any Restricted Subsidiary; provided that guarantees by the MLP, any Borrower or any Guarantor of Indebtedness of any Restricted Subsidiary that is not a Loan Party
shall be subject to Section 7.8; and (ii) the MLP or any Restricted Subsidiary pursuant to or contemplated by the Transaction Documentation; 

(d) Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and any Permitted Refinancing thereof;

 (e) Indebtedness of the MLP or any Restricted Subsidiary incurred in connection with any Sale and Leaseback Transaction
provided that the amount of the Capital Lease Obligations outstanding at any time in connection with such Sale and Leaseback Transactions shall not exceed the greater of (A) $20,000,000 and (B) 2.0% of Consolidated Net Tangible
Assets (determined at the time of incurrence) and in each case any Permitted Refinancing thereof; 
 (f)
(i) Indebtedness of the MLP and FinCo in respect of the Senior Notes; provided that (A) on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness, the MLP is in compliance with the covenants set forth in
Section 7.1, (B) immediately prior to and after giving effect to the issuance of such Indebtedness on a Pro Forma Basis, no Default or Event of Default shall have occurred and be continuing or shall result therefrom, (C) such
Indebtedness shall not mature nor have any scheduled repayments, defeasance or redemption (or sinking fund therefor) of any principal amount thereof prior to the date that is six months after the Termination Date and (D) the Senior Note
Indenture or other agreement governing such Indebtedness shall not contain (1) any maintenance financial covenants or (2) other terms and conditions that are, taken as a whole, materially more restrictive to the MLP or any of its
Subsidiaries than those set forth in this Agreement and (ii) Guarantee Obligations of any other Borrower or Subsidiary Guarantor in respect of such Indebtedness; 

(g) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument
drawn against insufficient funds in the ordinary course of business; 
 (h) Indebtedness of the MLP or any Restricted
Subsidiary consisting of the financing of insurance premiums; 

  
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 (i) Indebtedness arising from agreements of the MLP or any Restricted
Subsidiaries providing for indemnification, adjustment of purchase price, earnouts or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or any Subsidiary; 

(j) (i) Indebtedness of any Person in existence on the date such Person becomes a Restricted Subsidiary as a result of an
acquisition by the MLP or any Restricted Subsidiary or (ii) Indebtedness of the MLP or any Restricted Subsidiary incurred to finance the acquisition, construction, development, design or improvement of any assets (real or personal), including
Capital Lease Obligations, mortgage financings, industrial revenue bonds, purchase money obligations, Disqualified Equity Interests, synthetic lease obligations and any Indebtedness assumed in connection with the acquisition of any such assets (real
or personal) or secured by a Lien on any such assets before the acquisition thereof; and any Permitted Refinancing thereof; provided that the aggregate principal amount of Indebtedness outstanding at any time and permitted by this
clause (j) shall not exceed the greater of $110,000,000 and 12% of Consolidated Net Tangible Assets (determined at the time of incurrence), and in each case, any Permitted Refinancing thereof; 

(k) (i) Acquired Debt or (ii) Indebtedness incurred to finance an acquisition of Persons that are acquired by the MLP
or any Restricted Subsidiary or merged into the MLP or a Restricted Subsidiary in accordance with the terms hereof, provided that, (x) in the case of Indebtedness incurred under clause (ii) of this Section 7.2(k),
after giving effect to such acquisition and the Incurrence thereof (1) the Consolidated Leverage Ratio, calculated on a Pro Forma Basis, shall be equal to or less than the applicable Consolidated Leverage Ratio (including, if such acquisition
would result in the occurrence of a Specified Acquisition Period, any adjustments in the Consolidated Leverage Ratio resulting from the occurrence of such Specified Acquisition Period) for the most recently ended Test Period set forth in
Section 7.1(a) minus 0.25 (e.g., 4.00 shall be reduced to 3.75), (y) in the case of Indebtedness incurred under clause (i), such Indebtedness shall not be secured unless the Consolidated Senior Secured Debt Ratio,
calculated on a Pro Forma Basis, would be no greater than 1.50 to 1.00 for the most recently ended Test Period and (z) in the case of Indebtedness incurred under clause (i) or (ii) of this Section 7.2(k)
(1) the MLP is in compliance with Section 7.1 on a Pro Forma Basis and (2) no Event of Default shall have occurred and be continuing or would result therefrom and in each case, any Permitted Refinancing thereof; 

(l) Subordinated Debt in an aggregate principal amount not to exceed at any one time outstanding $25,000,000; 

(m) Indebtedness of the Parent or any of its Subsidiaries that is assumed by the MLP or any Restricted Subsidiary in connection
with a transaction in which the MLP or any Restricted Subsidiary acquires assets from the Parent or any of its Subsidiaries, provided that (i) such Indebtedness is repaid promptly after such assumption; (ii) on a Pro Forma Basis
after giving effect to the assumption and repayment of such Indebtedness, the MLP is in compliance with the covenants set forth in Section 7.1, and (iii) immediately prior to and after giving effect to the assumption and repayment
of such Indebtedness on a Pro Forma Basis, no Default or Event of Default shall have occurred and be continuing or shall result therefrom; 

(n) Indebtedness of the MLP or any Restricted Subsidiary in connection with one or more standby or trade-related letters of
credit, performance bonds, bid bonds, appeal bonds, bankers acceptances, insurance obligations, workers’ compensation claims, health or other types of social security benefits, surety bonds, completion guarantees or other similar bonds and

  
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obligations, including self-bonding arrangements, issued by the MLP or a Restricted Subsidiary in the ordinary course of business or pursuant to self-insurance obligations and in each case not in
connection with the borrowing of money or the obtaining of advances; 
 (o) Hedging Agreements of the MLP or any Restricted
Subsidiary not entered into for speculation; 
 (p) the incurrence by the MLP or Restricted Subsidiaries of liability in
respect of Indebtedness of any Unrestricted Subsidiary of the MLP or any a partnership or joint venture that is not a Restricted Subsidiary, but only to the extent that such liability is the result of the MLP’s or any such Restricted
Subsidiary’s being a general partner or member of, or owner of an equity interest in, such Unrestricted Subsidiary or partnership or joint venture and not as guarantor of such Indebtedness, not to exceed at any one time outstanding $25,000,000;

 (q) Indebtedness of the Loan Parties under the Revolving Credit Facility in an aggregate principal amount not to exceed
350,000,000 at any time outstanding and any Permitted Refinancing thereof; and 
 (r) other Indebtedness of the MLP and its
Restricted Subsidiaries so long as: (i) at the time of the incurrence or issuance of such Indebtedness, no Event of Default shall have occurred and be continuing or would result therefrom, (ii) the MLP is in compliance with
Section 7.1 on a Pro Forma Basis after giving effect to such incurrence; provided that the Consolidated Leverage Ratio, calculated on a Pro Forma Basis, shall be equal to or less than the applicable Consolidated Leverage Ratio
(including, if such Indebtedness is incurred in connection with any acquisition that would result in the occurrence of a Specified Acquisition Period, any adjustments in the Consolidated Leverage Ratio resulting from the occurrence of such Specified
Acquisition Period) for the most recently ended Test Period set forth in Section 7.1(a) minus 0.25 (e.g., 4.00 shall be reduced to 3.75), (iii) such Indebtedness shall not mature nor have any scheduled amortization prior to
the date that is one year after the Termination Date and (iv) the terms of the documentation for such Indebtedness do not require the MLP or any of its Restricted Subsidiaries to repurchase, repay or redeem such Indebtedness (or make an offer
to do any of the foregoing) upon the happening of any event (other than as a result of an event of default thereunder or pursuant to customary “change of control” provisions or asset sale offers) prior to the Termination Date or subject to
the payment in full of the Obligations. 
 7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
whether now owned or hereafter acquired, except: 
 (a) Liens for Taxes not yet due or that are being contested in good faith
by appropriate proceedings, provided that adequate reserves with respect thereto are maintained on the books of the MLP or its Restricted Subsidiaries, as the case may be, in conformity with GAAP; 

(b) Transaction Liens; 

(c) Permitted Liens; 

(d) any Lien on any property of the MLP or any Restricted Subsidiary existing on the date hereof and listed in Schedule
7.3 and any modifications, replacements, renewals or extensions thereof; provided that the Lien does not (x) extend to any additional property or (y) secure any additional obligations, in each case, other than the initial
property so subject to such Lien and the Indebtedness and other obligations originally so secured, and any modifications, replacements, renewals, extensions or refinancings thereof permitted hereunder; 

  
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 (e) Liens on assets acquired, constructed, developed, designed or improved by the
MLP or any Restricted Subsidiary; provided that (A) the Indebtedness secured by such Liens is permitted by Section 7.2(j), and (B) such Liens will only apply to such assets (plus additions, accessions,
replacements to or of such assets); 
 (f) Liens securing Indebtedness permitted by Section 7.2(e) or
(j)(ii); provided that any such Lien is not extended to cover any other property or assets of the MLP or any Restricted Subsidiary (except additions, accessions, replacement and improvements to or of the property or assets subject to such
Lien), except to the extent such extended Lien is permitted to be incurred under any other clause of this Section 7.3; 

(g) [reserved]; 

(h) Liens securing Indebtedness or other obligations of the MLP or a Restricted Subsidiary to a Loan Party; 

(i) Liens on Capital Stock of any Unrestricted Subsidiary; 

(j) Liens securing obligations under Hedging Agreements of the MLP or any Restricted Subsidiary permitted under
Section 7.2(o) and deposits and margin payments made in connection therewith, provided that the aggregate amount of such deposits and margin payments at any time shall not exceed $10,000,000; 

(k) [reserved]; 

(l) Liens incurred in connection with Sale and Leaseback Transactions permitted under Section 7.2(e); 

(m) Liens on property of a Person at the time such Person becomes a Restricted Subsidiary of the MLP, provided such
Liens were not created in contemplation thereof and do not extend to any other property of the MLP or any Restricted Subsidiary (except additions, accessions, replacements and improvements to or of the property or assets subject to such Lien),
except to the extent such extended Lien is Permitted to be incurred under any other clause of this Section 7.3; 

(n) Liens securing the Obligations (as defined in the Revolving Credit Facility) so long as such Liens are equal and ratable
with the Transaction Liens and are subject to an intercreditor agreement reasonably satisfactory to the Administrative Agent; and 

(o) Liens pursuant to or contemplated by the Transaction Documentation in effect on the Closing Date, and as amended or
modified thereafter on terms that are not materially less favorable to the MLP and its Restricted Subsidiaries, taken as a whole, considered in the aggregate taking into account all such substantially contemporaneous amendments and modifications of
the Transaction Documentation. 

  
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 7.4 Fundamental Changes. Enter into any merger, consolidation or amalgamation, or
liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its property or business, except that: 

(a) any Restricted Subsidiary of the MLP may be merged or consolidated with or into the MLP (provided that the MLP shall
be the continuing or surviving Person) or with or into any other Restricted Subsidiary (provided that if either Restricted Subsidiary was a (i) Subsidiary Guarantor the surviving or continuing Person shall be a Guarantor and
(ii) Borrower the surviving or continuing Person shall be a Borrower); 
 (b) any Restricted Subsidiary of the MLP may
Dispose of any or all of its assets pursuant to a Disposition permitted by Section 7.5; 
 (c) any Investment
expressly permitted by Section 7.8 may be structured as a merger, consolidation or amalgamation; and 
 (d) any
Subsidiary (except a Borrower or a Guarantor) may liquidate or dissolve if (i) the MLP determines in good faith that such liquidation or dissolution is in the best interests of the MLP and is not materially disadvantageous to the Lenders and
(ii) no Default or Event of Default shall then exist. 
 7.5 Disposition of Property. Dispose of any of its property, whether
now owned or hereafter acquired, or, in the case of any Restricted Subsidiary, issue or sell any shares or other equity interest of such Restricted Subsidiary’s Capital Stock to any Person, except: 

(a) Dispositions of inventory, used, obsolete or surplus equipment or reserves, Dispositions related to the burn-off of mines,
Dispositions of surface rights and termination of Mining Leases after the completion of mining and reclamation and termination or abandonment of water rights no longer needed for mining; 

(b) Dispositions of cash or Cash Equivalents in any manner not otherwise prohibited by this Agreement; 

(c) Dispositions to the MLP or a Restricted Subsidiary; provided that any such Dispositions to a Restricted Subsidiary
that is not a Loan Party shall comply with Section 7.8; 
 (d) licensing and cross-licensing arrangements
involving any technology or other intellectual property of the MLP or any Restricted Subsidiary in the ordinary course of business or consistent with past practice; provided, however, that any such license or cross-license of technology or
other intellectual property shall be on a non-exclusive basis; 
 (e) exchanges of assets of the MLP and its Restricted
Subsidiaries (other than cash and Cash Equivalents) for Additional Assets; provided that (i) no Event of Default has occurred and is continuing or would result therefrom, (ii) the aggregate Fair Market Value of assets exchanged
(determined at the time of such exchange) does not exceed the greater of $25,000,000 and 2.50% of Consolidated Net Tangible Assets (determined at the time of exchange) over the life of this Agreement and (iii) in the event that in one
transaction or series of transactions the Fair Market Value of the assets exceeds $25,000,000, the MLP or the applicable Restricted Subsidiary receives an opinion from a nationally recognized firm demonstrating that the assets so swapped are of
reasonably equivalent value; 
 (f) the sale of assets by the MLP and its Restricted Subsidiaries consisting of leases and
subleases of real property solely to the extent that such Real Property is not necessary for the normal conduct of operations of the MLP and its Restricted Subsidiaries; 

  
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 (g) Dispositions permitted under Section 7.3, Section 7.4
(other than 7.4(b)), Section 7.6, Section 7.8 or Section 7.11; 
 (h) the
unwinding of any Hedging Agreements; 
 (i) the surrender, modification, release or waiver of contract rights (including
under leases, subleases and licenses of real property) or the settlement, release, modification, waiver or surrender of contract, tort or other claims of any kind; 

(j) the issuance of Disqualified Capital Stock or preferred stock permitted under Section 7.2; 

(k) the issuance of Capital Stock in any Restricted Subsidiary to the extent consisting of directors’ qualifying shares or
shares required by applicable law to be held by a Person other than the MLP or a Restricted Subsidiary; 
 (l) the sale or
discounting of receivables by the MLP or a Restricted Subsidiary in the ordinary course of business and not as part of a financing transaction; 

(m) the disposition of any asset in connection with a Sale and Leaseback Transaction permitted under
Section 7.2(e); 
 (n) the issuance or sale of Capital Stock by a Restricted Subsidiary to the MLP or to another
Restricted Subsidiary; 
 (o) [reserved]; 

(p) Dispositions with an aggregate Fair Market Value not exceeding the greater of $75,000,000 and 8.5% of Consolidated Net
Tangible Assets (determined at the time of Disposition) over the life of this Agreement; provided that (i) any Disposition or related series of Dispositions made pursuant to this clause shall be made for Fair Market Value and for
consideration comprising at least 75% cash and Cash Equivalents, (ii) no Event of Default has occurred and is continuing or would result therefrom, (iii) the MLP is in compliance with Section 7.1 on a Pro Forma Basis after
giving effect to such Disposition and (iv) the Net Cash Proceeds thereof are applied as required by Section 2.8(b); 

(q) any Disposition in a transaction or series of related transactions of assets with a Fair Market Value of less than
$5,000,000; and 
 (r) any Disposition pursuant to or contemplated by the Transaction Documentation as in effect on the
Closing Date, and as amended or modified thereafter on terms that are not materially less favorable to the MLP and its Restricted Subsidiaries, taken as a whole, considered in the aggregate taking into account all such substantially contemporaneous
amendments and modifications of the Transaction Documentation. 
 7.6 Restricted Payments. Declare or make, or agree to pay or make,
directly or indirectly, any Restricted Payment except: 
 (a) the payment of any dividend or distribution or the consummation
of any irrevocable redemption within 60 days after the date of declaration of the dividend or distribution or giving of the redemption notice, as the case may be, thereof if, at the date of declaration or notice, such payment would be permitted
under this Section 7.6; 

  
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 (b) dividends or distributions by a Restricted Subsidiary to the holders of its
Capital Stock on a pro rata basis or on a basis more favorable to the MLP or any other Restricted Subsidiary; 
 (c)
the defeasance, redemption, repurchase or other acquisition or retirement for value of Subordinated Debt with the Net Cash Proceeds from a substantially concurrent (with any offering within 45 days deemed as substantially concurrent)
(x) incurrence of Subordinated Debt or (y) offering of Qualified Capital Stock or contribution of common equity of the MLP or any Restricted Subsidiary; 

(d) so long as no Default or Event of Default has occurred and is continuing or would be caused thereby, the MLP may
(i) redeem, repurchase or otherwise acquire or retire for value its Capital Stock or (ii) pay, settle, exercise, redeem, repurchase, or exchange any other award constituting a Restricted Payment, in the case of clauses (i) and (ii),
that is held or received by current or former officers, directors or employees (or their estates or beneficiaries under their estates or their immediate family members), of the General Partner and the MLP or any of its Restricted Subsidiaries
pursuant to any equity subscription agreement, equity plan, equity option agreement, unitholders’ agreement, incentive plan or similar agreement under which such Capital Stock was issued or such award made; provided that the aggregate
cash consideration paid therefor in any calendar year after the Closing Date does not exceed an aggregate amount of $2,500,000 (with unused amounts in any calendar year being permitted to be carried over for the two succeeding calendar years); 

(e) the repurchase of Capital Stock deemed to occur upon the exercise of units or other equity options to the extent such
Capital Stock represents a portion of the exercise price of those units or other equity options and any repurchase or other acquisition of Capital Stock made in lieu of withholding taxes in connection with any exercise or exchange of equity options,
warrants, incentives or other rights to acquire Capital Stock; 
 (f) so long as no Default or Event of Default has occurred
and is continuing or would be caused thereby, the declaration and payment of regularly scheduled or accrued dividends to holders of any class or series of Disqualified Stock of the MLP or any preferred stock of any Restricted Subsidiary issued on or
after January 24, 2013; 
 (g) payments of cash, dividends, distributions, advances or other Restricted Payments by the
MLP or any of its Restricted Subsidiaries to allow the payment of cash in lieu of the issuance of fractional units upon (i) the exercise of options or warrants or (ii) the conversion or exchange of Capital Stock of any such Person; 

(h) payments to the General Partner constituting reimbursement for expenses it incurs, or payments it makes on behalf of the
Group Members, in each case, in accordance with the Partnership Agreement as in effect on the Closing Date and as it may be amended or replaced thereafter, provided that any such amendment or replacement is not materially less favorable to
the MLP in any material respect than the agreement prior to such amendment or replacement; and 
 (i) the MLP may declare and
make distributions on its Capital Stock from Operating Surplus as defined in the Partnership Agreement and the MLP may redeem or repurchase its Capital Stock to the extent such distributions, redemptions and repurchases, when taken together

  
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with all other distributions, redemptions and repurchases made pursuant to this Section 7.6(i) since the Closing Date, do not exceed, in the aggregate, Operating Surplus (as defined
in the Partnership Agreement) as of the end of the immediately preceding fiscal quarter and are made in accordance with the Partnership Agreement, provided, that at the time each such distribution, redemption or repurchase is made, no Default
that could become an Event of Default pursuant to Section 8.01(f) and no Event of Default exists or would result therefrom; 

(j) [reserved]; and 

(k) any payments in connection with a consolidation, merger or transfer of assets in connection with a transaction that is not
prohibited by this Agreement or by the Senior Note Indenture, in an amount not to exceed $10,000,000 in the aggregate after January 24, 2013. 

7.7 [Reserved]. 
 7.8
Investments. Make any Investments, except: 
 (a) Cash Equivalents; 

(b) Investments existing on the date hereof and listed on Schedule 7.8; 

(c) Investments in Loan Parties (including any Person that becomes a Loan Party immediately after giving effect to and as a
result of such Investment) and Investments by any Restricted Subsidiary that is not a Loan Party in any other Restricted Subsidiary that is not a Loan Party; 

(d) Investments received as non-cash consideration in a Disposition made pursuant to and in compliance with
Section 7.5; 
 (e) any Investment acquired in exchange for Qualified Capital Stock of the MLP; 

(f) (i) receivables owing to the MLP or any Restricted Subsidiary if created or acquired in the ordinary course of
business, (ii) endorsements for collection or deposit in the ordinary course of business, (iii) securities, instruments or other obligations received in compromise or settlement of debts created in the ordinary course of business, or by
reason of a composition or readjustment of debts or bankruptcy or reorganization of another Person, or in satisfaction claims and judgments and (iv) any Investment as a result of a foreclosure by the MLP or any of its Restricted Subsidiaries
with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 
 (g)
Investments made pursuant to surety bonds, reclamation bonds, performance bonds, bid bonds, appeal bonds and similar obligations, in each case, to the extent such surety bonds, reclamation bonds, performance bonds, bid bonds, appeal bonds and
similar obligations permitted under this Agreement; 
 (h) payroll, travel and other loans or advances to, or Guarantee
Obligations issued to support the obligations of, current or former officers, managers, directors, consultants and employees of the General Partner, the MLP or any Restricted Subsidiary, in each case in the ordinary course of business or consistent
with past practice in an aggregate principal amount not to exceed $5,000,000 at any one time outstanding; 

  
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 (i) Investments in Permitted Businesses, Unrestricted Subsidiaries and joint
ventures in an aggregate outstanding amount, taken together with all other Investments made in reliance on this clause (i), not to exceed the greater of (i) $125,000,000 and (ii) 14.0% of Consolidated Net Tangible Assets
(determined at the time of such Investment); provided, however, that if any Investment pursuant to this clause (i) is made in a Person that is not a Loan Party at the date of the making of such Investment and such Person becomes a
Loan Party after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (c) above and shall cease to have been made pursuant to this clause (i) for so long as such Person continues to be a
Loan Party; 
 (j) extensions of credit to customers, suppliers and joint venture partners in the ordinary course of
business; 
 (k) Investments consisting of purchases and acquisitions, in the ordinary course of business, of inventory,
supplies, material or equipment or the licensing or contribution from any other Person of intellectual property; 
 (l)
[reserved]; 
 (m) Hedging Agreements of the MLP or any Restricted Subsidiary not entered into for speculation and deposits
and margin payments made in connection herewith; 
 (n) Investments resulting from pledges and deposits permitted under the
definition of “Permitted Liens”; 
 (o) Investments consisting of indemnification obligations in respect of
performance bonds, bid bonds, appeal bonds, surety bonds, reclamation bonds and completion guarantees and similar obligations under any Mining Law or Environmental Law or with respect to workers’ compensation benefits, in each case entered into
in the ordinary course of business, and pledges or deposits made in the ordinary course of business in support of obligations under existing coal sales contracts (and extensions or renewals thereof on similar terms); 

(p) any Investments owned by a Person at the time it is acquired by the MLP or a Restricted Subsidiary to the extent not made
in contemplation of such acquisition; 
 (q) (i) Guarantee Obligations issued in accordance with Section 7.2
and (ii) guarantees of performance or other obligations (other than Indebtedness) arising in the ordinary course of business or consistent with past practice; 

(r) any Investment by the Borrowers or any Restricted Subsidiaries in any Indebtedness of the Parent or any of its Subsidiaries
referred to in Section 7.2(m), provided that such Indebtedness is repaid promptly after such assumption; 

(s) Investments pursuant to or contemplated by any contractual obligations in respect of the Transaction Documentation as in
effect on the Closing Date, and as amended or modified thereafter on terms that are not materially less favorable to the MLP and its Restricted Subsidiaries, taken as a whole, considered in the aggregate taking into account all such substantially
contemporaneous amendments and modifications of the Transaction Documentation; 

  
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 (t) any Investment by the Borrowers or any Restricted Subsidiaries in any one or
more of Indiana Harbor Coke Company L.P., Indiana Harbor Coke Company, Indiana Harbor Coke Corporation and The Claymont Investment Company LLC (regardless of whether such Persons are Unrestricted Subsidiaries) consisting of cash and other
consideration paid to the Parent in connection with any transaction in which the Parent Disposes of all or a portion of its Equity Interests in such Persons to the Borrowers or any Restricted Subsidiary; 

(u) any Investment acquired as a capital contribution to the MLP or any Restricted Subsidiary, or made in exchange for, or out
of the net cash proceeds of, a substantially concurrent offering (with any offering within 45 days deemed as substantially concurrent) of Qualified Capital Stock of the MLP; and 

(v) other Investments in an aggregate outstanding amount not to exceed at the time made the greater of (i) $75,000,000 and
(ii) 8.5% of Consolidated Net Tangible Assets determined at such date so long as: (A) immediately before and after giving Pro Forma Basis effect to any such Investment, no Event of Default shall have occurred and be continuing and
(B) the sum of (1) the aggregate amount of the aggregate unutilized revolving commitments under the Revolving Credit Facility at such time (after giving effect to the making of such Investment and any financing thereof) and (2) the
aggregate amount of cash and Cash Equivalents of the Loan Parties (in each case, free and clear of all Liens, other than (i) involuntary or inchoate Liens, (ii) Liens securing the Obligations and (iii) Liens permitted under
Section 7.3(n) that are unperfected, junior to or pari passu with the Liens securing the Obligations and subject to an intercreditor agreement with the Administrative Agent) included in the consolidated balance sheet of the Loan Parties
as of such date shall equal or exceed $50,000,000. 
 7.9 Modifications of Certain Debt Instruments. Amend, modify, waive or
otherwise change in any manner materially adverse to the Lenders any of the terms of any Subordinated Debt (other than intercompany indebtedness) or Indebtedness secured by Liens on the Collateral contractually subordinated to the Transaction Liens
without the consent of the Administrative Agent (which consent shall not be unreasonably withheld, conditioned or delayed); provided that nothing in this Section 7.9 shall prohibit the MLP and its Restricted Subsidiaries from
consummating a Permitted Refinancing. 
 7.10 Transactions with Affiliates. Enter into any transaction, including any purchase, sale,
lease or exchange of property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate involving aggregate consideration in excess of $5,000,000, unless such transaction is (i) otherwise
permitted under this Agreement, and (ii) upon fair and reasonable terms no less favorable to the relevant Group Member than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate other than: 

(a) transactions among the MLP and the Restricted Subsidiaries; 

(b) any Restricted Payment permitted by Section 7.6 and any Investment permitted by Section 7.8; 

(c) any issuance of Capital Stock (other than Disqualified Capital Stock) of the MLP; 

(d) payments or transactions arising under or contemplated by any contract, agreement, instrument or arrangement in effect on
the Closing Date (including, without limitation, the Partnership Agreement, and the Transaction Documentation), and as amended or modified thereafter on terms that are not materially less favorable to the MLP and its Restricted

  
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Subsidiaries, taken as a whole, considered in the aggregate taking into account all such substantially contemporaneous amendments and modifications of the Transaction Documentation; 

(e) arrangements with respect to the procurement of services of directors, officers, independent contractors, consultants or
employees in the ordinary course of business and the payment of customary compensation (including bonuses) and other benefits (including retirement, health, stock option and other benefit plans) and reasonable reimbursement arrangements in
connection therewith; 
 (f) loans or advances to officers, directors or employees of the General Partner, the MLP or its
Restricted Subsidiaries in the ordinary course of business or consistent with past practice or guarantees in respect thereof or otherwise made on their behalf (including payment on such guarantees); 

(g) the payment of fees, expenses and indemnities to directors, officers, consultants and employees of the General Partner, the
MLP and the Restricted Subsidiaries in the ordinary course of business; 
 (h) [reserved]; 

(i) transactions with any Affiliate in its capacity as a holder of Indebtedness or Capital Stock of the MLP; provided
that such Affiliate is treated the same as other such holders; 
 (j) transactions for which the MLP or any Restricted
Subsidiary, as the case may be, obtains a favorable written opinion from a nationally recognized investment banking firm as to the fairness of the transaction to the MLP and its Restricted Subsidiaries from a financial point of view; and 

(k) transactions with a Person that is an Affiliate of the MLP solely because the MLP owns, directly or through a Restricted
Subsidiary, an Investment in, or controls, such Person. 
 7.11 Sales and Leasebacks. Enter into any arrangement with any Person
providing for the leasing by any Group Member of real or personal property that has been or is to be sold or transferred by such Group Member to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the
security of such property or rental obligations of such Group Member except for (a) Sale and Leaseback Transactions permitted by Section 7.2(e) or Section 7.2 (j)(ii) and (b) Sale and Leaseback Transactions between
or among Loan Parties or between or among Restricted Subsidiaries that are not Loan Parties. 
 7.12 Changes in Fiscal Periods.
Permit the Fiscal Year to end on a day other than December 31 or change the MLP’s method of determining Fiscal Quarters. 
 7.13
Restrictive Agreements. Directly or indirectly enter into or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition on (1) the ability of any Loan Party to create or permit to exist any Lien
on any of its property or (2) the ability of any Restricted Subsidiary to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the MLP or any Restricted Subsidiary;
provided that: 
 (a) the foregoing shall not apply to restrictions and conditions imposed by law, rule, regulation,
approval, license, permit, order or by any Loan Document, the Transaction 

  
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Documentation (as in effect on the Closing Date, and as amended or modified thereafter on terms that are not materially less favorable to the MLP and its Restricted Subsidiaries, taken as a
whole, considered in the aggregate taking into account all such substantially contemporaneous amendments and modifications of the Transaction Documentation); 

(b) the foregoing shall not apply to restrictions and conditions contained in the Senior Note Indenture, the Senior Notes or
any guarantee thereof or any Permitted Refinancing thereof; 
 (c) the foregoing shall not apply to restrictions and
conditions existing on the date hereof, and any amendments, modifications, restatements, extensions, renewals, replacements or refinancings of any of the foregoing; provided that such restrictions or conditions in the amendment, modification,
restatement, extension, renewal, replacement or refinancing are, taken as a whole, no less favorable in any material respect to the Credit Parties than the encumbrances or restrictions being amended, modified, restated, extended, renewed, replaced
or refinanced (but shall apply to any amendment or modification expanding the scope of), or any extension or renewal of, any such restriction or condition; 

(d) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a
Restricted Subsidiary or an asset pending such sale, provided that such restrictions and conditions apply only to the Restricted Subsidiary or such asset that is to be sold and such sale is permitted hereunder; 

(e) clause (1) of this Section 7.13 shall not apply to restrictions or conditions imposed by any
agreement relating to secured Indebtedness (including Capital Lease Obligations) permitted by this Agreement on property securing such Indebtedness; 

(f) the foregoing shall not apply to (i) customary provisions in leases or subleases restricting or prohibiting the
assignment and subletting thereof or any restrictions imposed pursuant to Mining Leases and (ii) other customary anti- assignment provisions in contracts entered into; 

(g) the foregoing shall not apply to restrictions and conditions existing under any agreements or other instruments of, or with
respect to: 
 (i) any Person, or the property or assets of any Person, at the time the Person, or property or assets of any
Person, is acquired by the MLP or any Restricted Subsidiary; or 
 (ii) any Unrestricted Subsidiary at the time it is
designated or is deemed to become a Restricted Subsidiary, which encumbrances or restrictions (A) are not applicable to any other Person or the property or assets of any other Person and (B) were not put in place in anticipation of such
event and any amendments, modifications, restatements, extensions, renewals replacements or refinancings of any of the foregoing, provided that the encumbrances and restrictions in the amendment, modification, restatement, extension, renewal,
replacement or refinancing are, taken as a whole, no less favorable in any material respect to the Credit Parties than the encumbrances or restrictions being amended, modified, restated, extended, renewed, replaced or refinanced; 

  
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 (h) the foregoing shall not apply to restrictions on cash or other deposits or
net worth imposed by customers, lessors, suppliers or required by insurance surety bonding companies, in each case in the ordinary course of business; 

(i) the foregoing shall not apply to restrictions and conditions existing pursuant to any Indebtedness incurred by, or other
agreement of, a Foreign Subsidiary or Restricted Subsidiary which is not a Loan Party, which restrictions are customary for a financing or agreement of such type; 

(j) the foregoing shall not apply to customary provisions in joint venture, operating or similar agreements; and 

(k) the foregoing shall not apply to any restriction or condition existing pursuant to any agreement or instrument related to
any Indebtedness permitted to be incurred subsequent to the Closing Date under Section 7.2 if (A) the encumbrance and restrictions contained in any such agreement or instrument are, taken as a whole, no less favorable in any
material respect to the Credit Parties than the encumbrances and restrictions contained in this Agreement as in effect as of the Closing Date (as determined in good faith by the MLP) or (B) such encumbrance or restriction is, taken as a whole,
no less favorable in any material respect to the Credit Parties than is customary in comparable financings (as determined in good faith by the MLP) and the MLP determines in good faith that such encumbrance or restriction will not materially affect
the MLP’s ability to make principal or interest payments on the notes as and when they become due. 
 7.14 Lines of Business.
Enter into any business, either directly or through any Restricted Subsidiary, except for a Permitted Business. 
 7.15 Amendments to
Transaction Documents. (a) Amend, supplement or otherwise modify the terms and conditions of the Transaction Documentation (other than the Omnibus Agreement) or any such other documents except for any such amendment, supplement or
modification that (i) becomes effective after the Closing Date and (ii) could not reasonably be expected to have a Material Adverse Effect or (b) amend, supplement or otherwise modify Section 8.6 of the Omnibus Agreement. 

7.16 Sanctions. 
 Directly or indirectly,
use any Loan or the proceeds of any Loan, or lend, contribute or otherwise make available such Loan or the proceeds of any Loan to any Person, to fund any activities of or business with any Person, or in any Designated Jurisdiction, that, at the
time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any Person (including any Person participating in the transaction, whether as Lender, arranger, Administrative Agent or otherwise) of
Sanctions. 
 7.17 Anti-Corruption Laws. 

Directly or indirectly use the proceeds of any Loan for any purpose which would breach the United States Foreign Corrupt Practices Act of
1977, or, if applicable to any Group Member, the UK Bribery Act 2010 or other similar anti-corruption legislation in other jurisdictions. 

  
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 SECTION 8 

EVENTS OF DEFAULT 
 If any of the
following events shall occur and be continuing: 
 (a) any Borrower shall fail to pay any principal of any Loan when due in
accordance with the terms hereof, or any Borrower shall fail to pay any interest on any Loan, or any other amount payable hereunder or under any other Loan Document, within five days after any such interest or other amount becomes due in accordance
with the terms hereof; or 
 (b) any representation or warranty made or deemed made by any Loan Party herein or in any other
Loan Document or that is contained in any certificate, document or financial or other written statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall prove to have been inaccurate in any
material respect on or as of the date made or deemed made; or 
 (c) any Loan Party shall default in the observance or
performance of any agreement contained in clause (i) of Section 6.4(a) (with respect to the Borrowers only), Section 6.7(a) or Section 7 of this Agreement; or 

(d) any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any
other Loan Document (other than as provided in paragraphs (a) through (c) of this Section 8), and such default shall continue unremedied for a period of 30 days after receipt of written notice by the
Borrowers’ Agent from the Administrative Agent or the Majority Lenders thereof; or 
 (e) any Group Member shall
(i) default in making any payment of any principal, interest or other payment of any Material Indebtedness (excluding the Loans) when and as the same shall become due and payable (giving effect to any period of grace), or (ii) any event or
condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Material Indebtedness (or
a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required, such Material Indebtedness to become due prior to its Stated Maturity or (in the case of any such Indebtedness constituting a Guarantee
Obligation) to become payable without such Material Indebtedness having been discharged, or any such default or other event or condition having been cured promptly; provided, that this clause (ii) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the assets securing such Indebtedness; or 

(f) (i) any Group Member (other than an Immaterial Subsidiary) shall commence any case, proceeding or other action
(A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it
a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts generally, or (B) seeking appointment of a receiver, trustee,
custodian, conservator or other similar official for it or for all or substantially all of its assets; (ii) there shall be commenced against any Group Member (other than an Immaterial Subsidiary) any case, proceeding or other action of a nature
referred to in clause (i) above that (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; (iii) there shall
be commenced against any Group Member (other than an Immaterial Subsidiary) any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets
that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; (iv) any Group Member (other than an Immaterial Subsidiary) shall
take any written action in furtherance of, or indicating its consent to, 

  
 71 

 
approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any Group Member shall generally not, or shall admit in
writing its inability to, pay its debts as they become due; or (vi) or any Group Member shall make a general assignment for the benefit of its creditors; or 

(g) (i) an ERISA Event and/or a Foreign Plan Event shall have occurred; (ii) a trustee shall be appointed by a United
States district court to administer any Pension Plan; (iii) the PBGC shall institute proceedings to terminate any Pension Plan; or (iv) any Group Member or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan
that it has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such Group Member or ERISA Affiliate does not have reasonable grounds for contesting such Withdrawal Liability or is not contesting such Withdrawal
Liability in a timely and appropriate manner; and in each case in clauses (i) through (iv) above, such event or condition, together with all other such events or conditions, if any, under this Section 8.1(g), would reasonably
be expected to result in liability of any Group Member in an aggregate amount exceeding $50,000,000; or 
 (h) one or more
final judgments or decrees of a court shall be entered against any Group Member (other than an Immaterial Subsidiary) for the payment of money in an aggregate amount (not paid or adequately covered by insurance as to which the relevant insurance
company has acknowledged coverage) of the Threshold Amount or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof; or 

(i) any Lien purported to be created under any of the Security Documents shall cease to be, for any reason, or shall be
asserted by any Loan Party not to be, a valid and perfected Lien on any material Collateral, with the priority required by the applicable Security Document, except (i) as permitted under, or pursuant to the terms of, the Loan Documents or
(ii) as a result of the Administrative Agent’s failure to maintain possession of any stock certificate (or other certificated security referred to in the Guarantee and Collateral Agreement), promissory note or other instrument delivered to
it under the Guarantee and Collateral Agreement; or 
 (j) the guarantee contained in Section 2 of the Guarantee and
Collateral Agreement shall cease, for any reason, to be in full force and effect or any Loan Party shall so assert, except (i) as permitted under the Loan Documents or (ii) pursuant to the terms of the Loan Documents; or 

(k) (i) 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 MLP (including Equity Interests of Restricted Subsidiaries) and its Subsidiaries taken as a whole to any Person (including any
“person” (as that term is used in Section 13(d)(3) of the Exchange Act)), (ii) the consummation of any transaction (including, without limitation, any merger or consolidation), the result of which is that any Person (including
any “person” (as defined above), other than the Parent, becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the General Partner, measured by voting power rather than number of shares, units or the
like, (iii) the failure of the MLP to own, free of all Liens (other than Transaction Liens and Liens securing the Obligations (as defined in the Revolving Credit Facility)), directly or indirectly, 98% of the equity interests of Haverhill Coke
Company LLC, Middletown Coke Company, LLC, and Gateway Energy & Coke Company, LLC, (iv) the first day on which a majority of the members of the board of directors of the General Partner are not Continuing Directors, (v) the
removal of the General Partner by the limited partners in accordance with the Partnership Agreement or (vi) a Specified Change of Control shall occur; or 

  
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 then, and in any such event, (A) if such event is an Event of Default specified in
clause (i) or (ii) of paragraph (f) above with respect to any Borrower, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing under
this Agreement and the other Loan Documents shall immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Majority Lenders,
the Administrative Agent may, or upon the request of the Majority Lenders, the Administrative Agent shall, by notice to the Borrowers’ Agent declare the Commitments to be terminated forthwith, whereupon the Commitments shall immediately
terminate; and (ii) with the consent of the Majority Lenders, the Administrative Agent may, or upon the request of the Majority Lenders, the Administrative Agent shall, by notice to the Borrowers’ Agent, declare the Loans (with accrued
interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. 

SECTION 9 
 THE AGENTS 

9.1 Appointment. Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this
Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents (including the
execution of any intercreditor agreements contemplated hereunder) and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with
such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or
any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.

 The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders
hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral, together with such powers and discretion as are reasonably
incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.2 for purposes of holding
or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all
provisions of this Section 9 and Section 10, as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 

9.2 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and the other Loan Documents by
or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care. 

  
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 9.3 Exculpatory Provisions. Neither the Administrative Agent nor any of its Related
Parties shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a final and
nonappealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct), (ii) responsible in any manner to any of the Lenders for any recitals, statements,
representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the
Administrative Agent under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, for any failure of any
Loan Party a party thereto to perform its obligations hereunder or thereunder, for the creation, perfection or priority of any Lien purported to be created by the Collateral Documents or for the value or the sufficiency of any Collateral. The
Administrative Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the
properties, books or records of any Loan Party. 
 9.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled
to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy or email message, statement, order or other document or conversation believed by it to be genuine
and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Borrowers’ Agent), independent accountants and other experts selected by the
Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent.
The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Majority Lenders (or, if so specified by this
Agreement, all Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The
Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Majority Lenders (or, if so specified by this Agreement, all
Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. In determining compliance with any condition hereunder to the making of a Loan that by its
terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the
making of such Loan. 
 9.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender or the Borrowers’ Agent referring to this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or
Event of Default as shall be reasonably directed by the Majority Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative
Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

  
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 9.6 Non-Reliance. Each Lender expressly acknowledges that neither the Administrative Agent
nor any of its officers, directors, employees, partners, agents, advisors, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including any review of the
affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender acknowledges to the Administrative Agent that it has, independently and
without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of an investigation into the business, operations, property, financial and other
condition and creditworthiness of the Loan Parties and their affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the
Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement
and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates. Except for
notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other
information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of a Loan Party that may come into the possession of the Administrative Agent or any of
its officers, directors, employees, agents, advisors, attorneys-in-fact or affiliates. 
 9.7 Indemnification. The Lenders agree to
indemnify the Administrative Agent and its Related Parties (each an “Agent Indemnitee”) (to the extent not reimbursed by the Borrowers and without limiting the obligation of the Borrowers to do so), ratably according to their
respective Applicable Percentages in effect on the date on which indemnification is sought under this Section 9.7 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have
been paid in full, ratably in accordance with such Applicable Percentages immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind or nature whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent Indemnitee in any way relating to or arising out of, the Commitments, this Agreement,
any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent Indemnitee under or in connection with any of the
foregoing and the reasonable fees and expenses of legal counsel in connection with the claims, actions or proceedings by any Agent Indemnitee against any Loan Party under any Loan Document; provided that no Lender shall be liable for the
payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have
resulted from such Agent Indemnitee’s gross negligence, willful misconduct or breach in bad faith of such Agent Indemnitee, and provided, further, that the above provisions of this Section 9.7 shall not apply with
respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim. The agreements in this Section 9.7 shall survive the termination of this Agreement and the payment of the Loans and all other amounts
payable hereunder. 
 9.8 Agent in Its Individual Capacity. The Administrative Agent and its affiliates may accept deposits from,
lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party as though it were not the Administrative Agent. With respect to its Loans made or
renewed by it, the Administrative Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender”
and “Lenders” shall include the Administrative Agent in its individual capacity. 

  
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 9.9 Successor Administrative Agent. The Administrative Agent may resign as Administrative
Agent upon 10 days’ notice to the Lenders and the Borrowers’ Agent. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Majority Lenders shall appoint a successor
agent for the Lenders, which successor agent shall (unless an Event of Default under Section 8(a) or Section 8(f) with respect to any Borrower shall have occurred and be continuing) be subject to approval by the
Borrowers’ Agent (which approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean
such successor agent effective upon such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former
Administrative Agent or any of the parties to this Agreement or any holders of the Loans (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the Loan Documents, the retiring
Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed). If no successor agent has accepted appointment as Administrative Agent by the date that is 10 days following a
retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Administrative Agent
hereunder until such time, if any, as the Majority Lenders appoint a successor agent as provided for above. Nothstanding anything to the contrary contained herein, after any retiring Administrative Agent’s resignation as Administrative Agent,
the provisions of Section 2.17(h), this Section 9 and Section 10.5 shall continue to inure to its (and its Related Parties’) benefit in respect of any actions taken or omitted to be taken (i) while the
retiring Administrative Agent was acting as Administrative Agent and (ii) after such resignation for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including (A) acting as collateral
agent or otherwise holding any collateral security on behalf of any of the Lenders and (B) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent. 

9.10 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the bookrunners, arrangers, syndication agents,
documentation agents or co-agents shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder. 

9.11 Administrative Agent May File Proofs of Claim; Credit Bidding. 

In case of the pendency of any proceeding under any appblicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
creditors’ rights or remedies generally or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration
or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.5 and 10.5) allowed in such judicial
proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to
distribute the same; 

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.5 and
10.5. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding. 
 The holders of the Obligations hereby irrevocably authorize the Administrative Agent, at the direction of the Majority
Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase
(either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections 363, 1123 or 1129 of
the Bankruptcy Code of the United States, or any similar laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at
the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable law. In connection with any such credit bid and purchase, the Obligations owed to the holders thereof shall be entitled to be, and
shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in an amount
proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Capital Stock or debt instruments of the acquisition vehicle or vehicles that are used
to consummate such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance of the acquisition
vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Capital Stock thereof shall be governed, directly or indirectly, by the vote
of the Majority Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Majority Lenders contained in clauses (i) through (v) of the first proviso of
Section 10.1, and (ii) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of
Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Capital Stock and/or debt instruments
issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Lender or any acquisition vehicle to take any further action. 

  
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 SECTION 10 

MISCELLANEOUS 
 10.1 Amendments
and Waivers. Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1. The Majority Lenders and each Loan
Party party to the relevant Loan Document may, or, with the written consent of the Majority Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (a) enter into written amendments,
supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or
thereunder or (b) waive, on such terms and conditions as the Majority Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default
or Event of Default and its consequences; provided, however, that no such waiver and no such amendment, supplement or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan,
reduce the stated rate of any interest or fee payable hereunder (except (x) in connection with the waiver of applicability of any post-default increase in interest rates (which waiver shall be effective with the consent of the Majority Lenders)
and (y) that any amendment or modification of defined terms used in the financial covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled
date of any payment thereof, or increase the amount or extend the expiration date of any Lender’s Commitment, in each case without the written consent of each Lender adversely affected thereby; (ii) eliminate or reduce the voting rights of
any Lender under this Section 10.1 without the written consent of such Lender; (iii) reduce any percentage specified in the definition of Majority Lenders, consent to the assignment or transfer by any Borrower of any of its rights
and obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral or release all or substantially all of the Subsidiary Guarantors from their obligations under the Guarantee and Collateral
Agreement, in each case without the written consent of all Lenders; (iv) amend, modify or waive any provision of Section 2.14 without the written consent of all Lenders; (v) reduce the percentage specified in the definition of
Majority Lenders without the written consent of all Lenders; (vi) amend, modify or waive any provision of Section 9 or any other provision of any Loan Document that affects the Administrative Agent without the written consent of the
Administrative Agent; or (vii) amend, modify or waive any provision of Section 5.02 of the Guarantee and Collateral Agreement without the written consent of each Lender adversely affected thereby. Any such waiver and any such
amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent and all future holders of the Loans. In the case of any waiver, the Loan Parties, the
Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver
shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 
 Without the consent of any
Lender, the Loan Parties and the Administrative Agent may (in their respective sole discretion, or shall, to the extent required by any Loan Document) enter into any amendment, modification or waiver of any Loan Document, or enter into any new
agreement or instrument, to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured Parties, or as required by local
law to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the security interests therein comply with applicable law. 

No Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or
consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of such Defaulting Lender may not
be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring 

  
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the consent of all Lenders or each affected Lender that by its terms affects such Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of
such Defaulting Lender. 
 Notwithstanding any provision herein to the contrary the Administrative Agent and the Borrowers’ Agent may
amend, modify or supplement this Agreement or any other Loan Document to cure or correct administrative errors or omissions, any ambiguity, omission, defect or inconsistency or to effect administrative changes, and such amendment shall become
effective without any further consent of any other party to such Loan Document so long as (i) such amendment, modification or supplement does not adversely affect the rights of any Lender or other holder of Obligations in any material respect
and (ii) the Lenders shall have received at least five Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice
from the Majority Lenders stating that the Majority Lenders object to such amendment. 
 10.2 Notices. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by
telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent
by facsimile as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to any Loan Party or the Administrative Agent, to the address, facsimile number, electronic mail address or telephone
number specified for such Person on Schedule 10.2; and 
 (ii) if to any other Lender, to the address, facsimile
number, electronic mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the
delivery of notices that may contain material non-public information relating to the Borrowers). 
 Notices and other communications sent by
hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the
extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 
 (b) Electronic
Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e mail, FpML messaging, and Internet or intranet websites) pursuant to procedures approved by the
Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Section 2 if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such
Section by electronic communication. The Administrative Agent or the Borrowers’ Agent may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures
approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

  
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 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement) and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of
notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of
the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT INDEMNITEES DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT INDEMNITEE IN CONNECTION WITH THE BORROWER MATERIALS OR THE
PLATFORM. In no event shall Agent Indemnitee have any liability to the Borrowers, any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Loan
Party’s or the Administrative Agent’s transmission of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging service, or through the Internet. 

(d) Change of Address, Etc. Each of the Borrowers and the Administrative Agent, may change its address, facsimile or
telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the
Borrowers’ Agent and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone
number, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on
behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with
such Public Lender’s compliance procedures and applicable law, including United States Federal and state securities laws, to make reference to Borrower Materials that are not made available through the “Public Side Information”
portion of the Platform and that may contain material non-public information with respect to any Borrower or its securities for purposes of United States Federal or state securities Laws. 

(e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and
act upon any notices (including telephonic Loan Notices) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form
of 

  
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notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify the Administrative Agent, each Lender
and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Borrower. All telephonic notices to and other telephonic
communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any
Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 8 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights
and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in accordance with Section 10.7, or (c) any
Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any applicable bankruptcy laws or other debtor relief laws; and provided,
further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Majority Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to
Section 8 and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso and subject to Section 10.7, any Lender may, with the consent of the Majority Lenders, enforce any rights
and remedies available to it and as authorized by the Majority Lenders. 
 10.4 Survival of Representations and Warranties. All
representations and warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of
the Loans and other extensions of credit hereunder. 
 10.5 Payment of Expenses and Taxes. The Borrowers agree (a) to pay or
reimburse the Administrative Agent for all its reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and
the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable and documented fees and
disbursements of counsel to the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrowers’ Agent prior to the Closing Date (in the case of amounts to be paid
on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender and the Administrative Agent for all its documented
out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and any such other documents, including the documented fees and disbursements of counsel

  
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(including the documented allocated fees and expenses of in-house counsel) to each Lender and of counsel to the Administrative Agent, (c) to pay, indemnify, and hold each Lender and the
Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities for Other Taxes, if any, that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or
administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (d) to pay,
indemnify, and hold each Lender, each lead arranger and the Administrative Agent and their respective Related Parties (each, an “Indemnitee”) harmless from and against any and all other liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such
other documents, including any of the foregoing relating to the proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of any Group Member or any of the
Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause (d), collectively, the
“Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of such Indemnitee and regardless of whether such Indemnitee is a party thereto, and whether or not any such
claim, litigation, investigation or proceeding is brought by a Borrower, its equity holders, its affiliates, its creditors or any other Person, provided, that no Borrower shall have any obligation hereunder to any Indemnitee with respect to
Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence, willful misconduct or breach in bad faith of such
Indemnitee, and provided, further, that the above provisions of this Section 10.5(d) shall not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim. Without
limiting the foregoing, and to the extent permitted by applicable law, the Borrowers agree not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any
other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or
otherwise against any Indemnitee. All amounts due under this Section 10.5 shall be payable not later than 10 days after written demand therefor. Statements payable by the Borrowers pursuant to this Section 10.5 shall be
submitted to Fay West (Telephone No. (630) 824-1954) (Telecopy No. (630) 824-1934), at the address of the Borrowers’ Agent set forth in Section 10.2, or to such other Person or address as may be hereafter designated by the
Borrowers’ Agent in a written notice to the Administrative Agent. The agreements in this Section 10.5 shall survive the termination of this Agreement and the repayment of the Loans and all other amounts payable hereunder. 

10.6 Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each
Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this
Section 10.6. 

  
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 (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below,
any Lender may assign to one or more assignees (each, an “Assignee”), other than a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural person), to the MLP
or any of its Subsidiaries, all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent of: 

(A) the Borrowers’ Agent (such consent not to be unreasonably withheld or delayed), provided that no consent of
the Borrowers’ Agent shall be required for an assignment to a Lender, an affiliate of a Lender, an Approved Fund (as defined below) or, if an Event of Default has occurred and is continuing, any other Person; and provided,
further, that the Borrowers’ Agent shall be deemed to have consented to any such assignment unless the Borrowers’ Agent shall object thereto by written notice to the Administrative Agent within five Business Days after having
received notice thereof; 
 (B) [reserved]; and 

(C) the Administrative Agent (such consent not to be unreasonably withheld or delayed), provided that no consent of the
Administrative Agent shall be required for an assignment to a Lender, an affiliate of a Lender or an Approved Fund. 
 (ii)
Assignments shall be subject to the following additional conditions: 
 (A) except in the case of an assignment to a Lender,
an affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitments or Loans, the amount of the Commitments or Loans of the assigning Lender subject to each such assignment
(determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Borrowers’ Agent and the Administrative Agent otherwise
consents, provided that (1) no such consent of the Borrowers’ Agent shall be required if an Event of Default has occurred and is continuing and (2) such amounts shall be aggregated in respect of each Lender and its affiliates
or Approved Funds, if any; 
 (B) (1) the parties to each assignment shall execute and deliver to the Administrative Agent
an Assignment and Assumption, together with a processing and recordation fee of $3,500 and (2) the assigning Lender shall have paid in full any amounts owing by it to the Administrative Agent; and 

(C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in
which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the MLP and its Affiliates and their related parties or their respective securities) will be
made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 

For the purposes of this Section 10.6, “Approved Fund” means any Person (other than a natural person) that is
engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (1) a Lender, (2) an affiliate of a Lender or (3) an
entity or an affiliate of an entity that administers or manages a Lender. 

  
 83 

 (iii) Subject to acceptance and recording thereof pursuant to paragraph
(b)(iv) below, from and after the effective date specified in each Assignment and Assumption, the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an
Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16,
2.17 and 10.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.6 shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with paragraph (c) of this Section 10.6. 

(iv) The Administrative Agent, acting for this purpose as an agent of the Borrowers’ Agent (and such agency being solely
for tax purposes), shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it (or the electronic equivalent thereof) and a register for the recordation of the names and addresses of the Lenders, and the Commitments
of, and principal amount (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the
Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower’s Agent and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Assignee, the
Assignee’s completed Administrative Questionnaire (unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section 10.6 and any written consent to
such assignment required by paragraph (b) of this Section 10.6, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 
 (c)
Any Lender may, without the consent of the Borrowers’ Agent or the Administrative Agent, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and
obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrowers, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. Any agreement pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that (i) requires the
consent of each Lender directly affected thereby pursuant to the proviso to the second sentence of Section 10.1 and (ii) directly 

  
 84 

 
affects such Participant. The Borrowers agree that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the requirements and
limitations therein, including the requirements under Section 2.16(f) (it being understood that the documentation required under Section 2.16(f) shall be delivered to the participating Lender)) to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 10.6; provided that such Participant (i) agrees to be subject to the provisions of Sections 2.15 and
2.16 as if it were an assignee under paragraph (b) of this Section 10.6 and (ii) shall not be entitled to receive any greater payment under Sections 2.15 or 2.16, with respect to any participation,
than its participating Lender would have been entitled to receive. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as though it were a Lender, provided such Participant shall be
subject to Section 10.7(a) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers’ Agent, maintain a register on which it enters the name
and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided that no Lender
shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other
obligations under any Loan Document), except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.
The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. 
 (d) Notwithstanding the foregoing, any Lender may at any time pledge or assign
a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central banking authority; provided
that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 

(e) The Borrowers, upon receipt of written notice from the relevant Lender, agree to issue Notes to any Lender requiring Notes
to facilitate transactions of the type described in paragraph (d) above. 
 10.7 Adjustments; Set-off. (a) Except to
the extent that this Agreement or a court order expressly provides for payments to be allocated to a particular Lender or to the Lenders, if any Lender (a “Benefitted Lender”) shall receive any payment in respect of any principal of
or interest on any of its Loans (other than in connection with an assignment made pursuant to Section 10.6), or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or
proceedings of the nature referred to in Section 8(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Loans and accrued interest thereon owing to such
other Lender, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Loans owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral,
or make such other adjustments as shall be equitable, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or
any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

  
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 (b) In addition to any rights and remedies of the Lenders provided by law, each
Lender shall have the right, without notice to any Borrower, any such notice being expressly waived by the Borrowers to the extent permitted by applicable law, upon any Obligations becoming due and payable by any Borrower (whether at the Stated
Maturity, by acceleration or otherwise), to apply to the payment of such Obligations, by setoff or otherwise, any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or
claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, any affiliate thereof or any of their respective branches or agencies to or for the credit or
the account of the MLP. Each Lender agrees promptly to notify the Borrowers’ Agent and the Administrative Agent after any such application made by such Lender, provided that the failure to give such notice shall not affect the validity
of such application. 
 10.8 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by fax transmission or e-mail
transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement or such other Loan Document or certificate. Without limiting the foregoing, to the extent a manually executed
counterpart is not specifically required to be delivered under the terms of any Loan Document, upon the request of any party, such fax transmission or e-mail transmission shall be promptly followed by such manually executed counterpart. 

10.9 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 10.10 Integration. This Agreement and the other Loan Documents represent the entire
agreement of the Borrowers, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to
the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 
 10.11 GOVERNING LAW. THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

10.12 Submission To Jurisdiction; Waivers. Each Borrower hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan
Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction (or, in the case of matters relating to the Security Documents, non-exclusive jurisdiction) of the courts of the
State of New York sitting in New York County, the courts of the United States for the Southern District of New York, and appellate courts from any thereof; 

(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

  
 86 

 (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Borrowers’ Agent, as the case may be at its address set forth in Section 10.2 or at such other
address of which the Administrative Agent shall have been notified pursuant thereto; 
 (d) agrees that nothing herein shall
affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or
proceeding referred to in this Section 10.12 any special, exemplary, punitive or consequential damages. 
 10.13
Acknowledgements. Each Borrower hereby acknowledges that: 
 (a) it has been advised by counsel in the negotiation,
execution and delivery of this Agreement and the other Loan Documents; 
 (b) neither the Administrative Agent nor any Lender
has any fiduciary relationship with or duty to any Borrower arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between Administrative Agent and Lenders, on one hand, and the Borrowers, on the
other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created
hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among the Borrowers and the Lenders. 

10.14 Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan
Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the MLP having
the effect of releasing any Collateral or Guarantee Obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1,
(ii) under the circumstances described in paragraph (b) below or (iii) as contemplated by Section 7.15 of the Guarantee and Collateral Agreement. 

(b) At such time as the Loans and the other Obligations under the Loan Documents (other than unasserted indemnification, tax
gross-up, expense reimbursements or yield protection obligations, in each case for which no claim has been made) shall have been paid in full, the Commitments have been terminated, the Collateral shall be released from the Liens created by the
Security Documents, and the Security Documents and all obligations (other than those contingent obligations expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate,
all without delivery of any instrument or performance of any act by any Person. 
 10.15 Confidentiality. Each of the Administrative
Agent and each Lender agrees to keep confidential all non-public information provided to it by any Loan Party, the Administrative Agent or any 

  
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Lender pursuant to or in connection with this Agreement that is designated by the provider thereof as confidential; provided that nothing herein shall prevent the Administrative Agent or
any Lender from disclosing any such information (a) to the Administrative Agent, any other Lender or any affiliate thereof, (b) subject to an agreement to comply with provisions at least as restrictive as those of this
Section 10.15, to any actual or prospective Transferee or any direct or indirect counterparty to any Swap Agreement (or any professional advisor to such counterparty), (c) to its employees, directors, agents, attorneys, accountants
and other professional advisors or those of any of its affiliates, (d) upon the request or demand of any Governmental Authority, (e) in response to any order of any court or other Governmental Authority or as may otherwise be required
pursuant to any Requirement of Law, (f) if requested or required to do so in connection with any litigation or similar proceeding, (g) that has been publicly disclosed, (h) to the National Association of Insurance Commissioners or any
similar organization or any nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, (i) in connection with the exercise of
any remedy hereunder or under any other Loan Document, (j) to market data collectors, (k) if agreed by the Borrowers’ Agent in its sole discretion, to any other Person and (l) to the extent that such information (x) becomes
publicly available other than as a result of a breach of this Section, or (y) becomes available to the Administrative Agent, any Lender or any of their respective affiliates on a nonconfidential basis from a source other than the MLP or any of
its Affiliates. 
 Each Lender acknowledges that information furnished to it pursuant to this Agreement or the other Loan Documents may
include material non-public information concerning the MLP and its Affiliates and their related parties or their respective securities, and confirms that it has developed compliance procedures regarding the use of material non- public information
and that it will handle such material non-public information in accordance with those procedures and applicable law, including Federal and state securities laws. 

All information, including requests for waivers and amendments, furnished by the MLP or the Administrative Agent pursuant to, or in the course
of administering, this Agreement or the other Loan Documents will be syndicate-level information, which may contain material non-public information about the MLP and its Affiliates and their related parties or their respective securities.
Accordingly, each Lender acknowledges to the MLP and the Administrative Agent that it has identified in its Administrative Questionnaire a credit contact who may receive information that may contain material non-public information in accordance with
its compliance procedures and applicable law, including Federal and state securities laws. 
 10.16 WAIVERS OF JURY TRIAL. THE
BORROWERS, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

10.17 USA Patriot Act. Each Lender hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act (Title III of
Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies each Borrower, which information includes the name and address of each Borrower and
other information that will allow such Lender to identify such Borrower in accordance with the Patriot Act. The Loan Parties shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other
information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act.

  
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 10.18 Joint and Several Liability of the Borrowers. 

(a) Each of the Borrowers is accepting joint and several liability hereunder in consideration of the Loans to be provided by
the Lenders and the Administrative Agent under this Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of each of the Borrowers to accept joint and several liability for the
obligations of each of them with respect to the Obligations. 
 (b) Each of the Borrowers jointly and severally hereby
irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Borrowers, with respect to the payment of all of the Obligations arising under this Agreement, it being the intention
of the parties hereto that all the Obligations shall be the joint and several payment obligations of all the Borrowers without preferences or distinction among them. 

(c) If and to the extent that any of the Borrowers shall fail to make any payment with respect to any of the Obligations
hereunder as and when due, then in each such event the other Borrowers will make such payment with respect to such Obligation. 

(d) The obligations of each Borrower under the provisions of this Section 10.18 constitute full recourse
obligations of such Borrower enforceable against it to the full extent of its properties and assets, and, to the extent permitted by applicable Legal Requirements, irrespective of the validity, regularity or enforceability of this Agreement or any
other circumstance whatsoever. 
 (e) The provisions of this Section 10.18 are made for the benefit of the
Lenders and the Administrative Agent and their successors and permitted assigns, and may be enforced by them in accordance with the terms of this Agreement from time to time against any of the Borrowers as often as occasion therefor may arise and
without requirement on the part of the Lenders or the Administrative Agent first to marshall any of their claims or to exercise any of their rights against any other Borrower or to exhaust any remedies available to them against any other Borrower or
to resort to any other source or means of obtaining payment of any of the obligations hereunder or to elect any other remedy. The provisions of this Section 10.18 shall remain in effect until all the obligations hereunder shall have been
paid in full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the obligations, is rescinded or must otherwise be restored or returned by the Lenders or the Administrative Agent upon the
insolvency, bankruptcy or reorganization of the Borrowers, or otherwise, the provisions of this Section 10.18 will forthwith be reinstated in effect, as though such payment had not been made. 

10.19 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in
connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) no fiduciary, advisory or agency
relationship between the MLP and its Subsidiaries and any lead arranger, the Administrative Agent or any Lender is intended to be or has been created in respect of the transactions contemplated hereby or by the other Loan Documents, irrespective of
whether any lead arranger, the Administrative Agent or any Lender has advised or is advising the MLP or any Subsidiary on other matters, (ii) the arranging and other services regarding this Agreement provided by the Administrative Agent and the
Lenders are arm’s-length commercial transactions between the MLP and its Affiliates, on the one hand, and the Administrative Agent and the Lenders, on the other hand, (iii) the Borrowers have consulted their own legal, accounting,

  
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regulatory and tax advisors to the extent that they have deemed appropriate and (iv) the Borrowers are capable of evaluating, and understand and accept, the terms, risks and conditions of
the transactions contemplated hereby and by the other Loan Documents; and (b) (i) the Administrative Agent and the Lenders each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant
parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the MLP or any of its Affiliates, or any other Person; (ii) none of the Administrative Agent and the Lenders has any obligation to the MLP or any of its
Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and the Lenders and their respective Affiliates may be
engaged, for their own accounts or the accounts of customers, in a broad range of transactions that involve interests that differ from those of the MLP and its Affiliates, and none of the Administrative Agent and the Lenders has any obligation to
disclose any of such interests to the MLP or its Affiliates. To the fullest extent permitted by Law, each of the Borrowers hereby waives and releases any claims that it may have against the Administrative Agent and the Lenders with respect to any
breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 10.20
Electronic Execution of Assignments and Certain Other Documents. 
 The words “execute,” “execution,”
“signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement, any other document executed in connection herewith and the transactions contemplated hereby (including
without limitation Assignment and Assumptions, amendments or other modifications, Loan Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic
platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any
form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided further without limiting the foregoing, upon the request of any party, any electronic signature shall be
promptly followed by such manually executed counterpart. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written. 
  

					
	SUNCOKE ENERGY PARTNERS, L.P.
		
	By:	 	SunCoke Energy Partners GP LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	HAVERHILL COKE COMPANY LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	MIDDLETOWN COKE COMPANY, LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	HAVERHILL COGENERATION COMPANY LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	MIDDLETOWN COGENERATION COMPANY LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President and Chief Financial Officer

 
					
	SUNCOKE LAKE TERMINAL LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President
	
	SUNCOKE LOGISTICS LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President
	
	MARIGOLD DOCK, INC.
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President
	
	CEREDO LIQUID TERMINAL, LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President
	
	KANAWHA RIVER TERMINALS, LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President
	
	GATEWAY ENERGY & COKE COMPANY, LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President
	
	GATEWAY COGENERATION COMPANY LLC
		
	By:	 	 /s/ FAY WEST

		 	Name:	 	Fay West
		 	Title:	 	Senior Vice President

 
					
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ DARLEEN R. DIGRAZIA

		 	Name:	 	Darleen R. DiGrazia
		 	Title:	 	Vice President

 
					
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ JONATHAN M. PHILLIPS

		 	Name:	 	Jonathan M. Phillips
		 	Title:	 	Senior Vice President

 
					
	TORONTO DOMINION (TEXAS) LLC, as a Lender
		
	By:	 	 /s/ RAYAN KARIM

		 	Name:	 	Rayan Karim
		 	Title:	 	Authorized Signatory

 
					
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/ REBECCA KRATZ

		 	Name:	 	Rebecca Kratz
		 	Title:	 	Authorized Signatory

 Credit Agreement Schedules 

SCHEDULES: 
  

			
	1.1A	  	Commitments
	1.1B	  	Mortgaged Property
	4.15	  	Subsidiaries
	7.2(d)	  	Existing Indebtedness
	7.3	  	Existing Liens
	7.8	  	Existing Investments
	10.2	  	Notice Information

 SCHEDULE 1.1A 

Commitments 
  

					
	 Bank of America, N.A.
	  	$	30,000,000	  
		
	 Toronto Dominion (Texas) LLC
	  	$	15,000,000	  
		
	 Goldman Sachs Bank USA
	  	$	5,000,000	  
		  	  
	  
	 
	 Total
	  	$	50,000,000	  

 SCHEDULE 1.1B 

Part A. Mortgaged Property 
  

					
	 Owner & Address
	  	 Tax Id
	  	 County

			
	 Middletown Coke Company, LLC
 3353 Yankee
Road
 Middletown, OH 45044
	  	 Q6542084000002

Q6542084000003
 Q6542084000004

Q6542061000025

Q6542084000065
	  	Butler, OH
			
	 Middletown Cogeneration Company LLC
 3353 Yankee
Road
 Middletown, OH 45044
	  	Q6542084000066	  	Butler, OH
			
	 Haverhill Coke Company LLC
 2446 Gallia Pike

Franklin Furnace, OH 45629
	  	 06.1018.001

06.1057.000
 06.1057.001
	  	Scioto, OH
			
	 Haverhill Cogeneration Company LLC
 2446 Gallia
Pike
 Franklin Furnace, OH 45629
	  	06.1057.002	  	Scioto, OH
			
	 Gateway Energy & Coke Company, LLC

Edwardsville Road and State Route 162
 Granite City, IL
62040
	  	 22-2-20-20-00

000-001.001
  

22-2-20-19-00
 000-004.002
	  	Madison IL
			
	 Gateway Cogeneration Company LLC
 Edwardsville
Road and State Route 162
 Granite City, IL 62040
	  	 22-2-20-19-00

000-004.002
	  	Madison IL

 Part B. Other Property 

The following property owned by Raven Energy LLC in St. James Parish, Louisiana 

A CERTAIN PORTION OF GROUND situated on the left descending bank of the Mississippi River, approximately 71 miles above the City of New Orleans, in St. James
Parish, Louisiana, Township 11 South, Range 4 East (Southeast Land District/East of the Mississippi River) in portions of Sections 17, 18, 19 and 20; portions of Celestine, Lilly and Bonne Esperance Plantations identified as LOT ICG as shown on a
survey and resubdivision by the Office of Gandolfo, Kuhn & Associates, dated March 25, 1996, Drawing No. T-178-6, approved by the St. James Parish Council on April 3, 1996, recorded in Entry No. 95953 on April 8, 1996;
and is more particularly described as follows: 
 Begin at Station 3488+60.10 of the LMS Survey Baseline having a coordinate value of Y=501,112.92,
X=2,157,704.59 being a point on the lower line of Lot ICG and its division line with Agrico Chemical Co.; thence along said line, S 73 degrees, 3 minutes, 47 seconds W, 434 feet, more or less, to the approximate line of ordinary low water of the
Mississippi River at Point J; thence along said line in a northerly and upriver direction, go 3000 feet, more or less, to the upper line of Lot ICG at Point K; thence along said line, N 63 degrees, 25 minutes, 23 seconds E, 331 feet, more or
less, to a point on the LMS Levee baseline at Station 3458+71.58; thence continue along the upper line of Lot ICG, N 63 degrees, 25 minutes, 23 seconds E; 161.28 feet to Point B at the easterly right of way line of LA State Highway 44 (River Road);
thence continue along the upper line of Lot ICG, N 63 degrees, 25 minutes 23 Seconds E, 1667.60 feet to Point W at the westerly or river side line of the 100 foot Railroad Right of Way and the westerly line of Lot RR; thence along said line, S 34
degrees 2 minutes, 6 seconds E, 603.07 feet to a point of curve at Point V; thence along a curve to the right having a radius of 5,293.34 feet, go an arc length of 431.57 feet to a point of compound curve at Point U; thence continue along the
westerly line of Lot RR and the easterly line of Lot ICG along a curve to the right having a radius of 5,846 feet, go an arc length of 1083.35 feet to a point of compound curve at Point S; thence continue along the easterly line of Lot ICG along a
curve to the right having a radius of 5,056.55 feet, go an arc length of 344.43 feet to a point of tangent at Point R; thence continue along the easterly line of Lot ICG, S 14 degrees, 50 minutes, 35 seconds E, 880.53 feet to Point Q at the lower
line of Lot ICG and the division line with Agrico Chemical Co.; thence along said line S 73 degrees, 3 minutes, 47 seconds W, 1910.03 feet to Point A on the easterly right of way line of La State Highway 44 (River Road), approximately 20 feet from
the centerline of a 22 foot asphalt roadway; thence continue along the lower line of Lot ICG, S 73 degrees, 3 minutes, 47 seconds W, 147.72 feet to the point of beginning. 

Together with those servitude rights created by 1) Cash Sale of Property by and between IC RailMarine Terminal Company as Vendor and American Iron Reduction,
LLC as Purchaser dated as of August 30, 1996, recorded at File #97288, Book 340, Page 10, official records of the Parish of St. James, State of Louisiana; and 2) Cash Sale of Property by IC RailMarine Terminal Company as Vendor and Illinois
Central Railroad Company as Purchaser dated as of October 28, 1996, recorded at File #97793, Book 340, Page 793, official records of the Parish of St. James, State of Louisiana. 

 SCHEDULE 4.15 

Subsidiaries 
  

			
	 Subsidiary
	  	 Jurisdiction of Incorporation

	Haverhill Coke Company LLC	  	Delaware
	Middletown Coke Company, LLC	  	Delaware
	Haverhill Cogeneration Company LLC	  	Delaware
	Middletown Cogeneration Company LLC	  	Delaware
	SunCoke Energy Partners Finance Corp.	  	Delaware
	SunCoke Logistics LLC	  	Delaware
	SunCoke Lake Terminal LLC	  	Delaware
	Kanawha River Terminals, LLC	  	Delaware
	Ceredo Liquid Terminal, LLC	  	Delaware
	Marigold Dock, Inc.	  	Delaware
	Gateway Energy & Coke Company, LLC	  	Delaware
	Gateway Cogeneration Company LLC	  	Delaware
	Raven Energy LLC	  	Delaware
	Jacob Materials Handling LLC	  	Delaware

 SCHEDULE 7.2(d) 

Existing Indebtedness 
 $114,938,327.41 of
loans outstanding on the Closing Date under the Amended and Restated Credit Agreement, dated as of June 28, 2013, among Raven Energy LLC, as borrower, the Lenders listed therein, and Tyler Forks Iron Company LLC, as administrative agent. 

 SCHEDULE 7.3 

Existing Liens 
 Liens securing the
$114,938,327.41 of loans outstanding on the Closing Date under the Amended and Restated Credit Agreement, dated as of June 28, 2013, among Raven Energy LLC, as borrower, the Lenders listed therein, and Tyler Forks Iron Company LLC, as
administrative agent including the following: 
  

	 	(i)	the Mortgage, Assignment of Leases and Rents and Security Agreement dated as of July 11, 2012, between Raven Energy LLC and Tyler Forks Iron Company LLC, as successor in interest to Branch Banking and Trust
Company, as Administrative Agent, and recorded in Book 419, Page 845 with the Clerk of Court for the Parish of St. James, Louisiana, as amended by that certain First Amendment to Mortgage, Assignment of Leases and Rents and Security Agreement,
effective as of June 28, 2013, between Raven Energy LLC and Tyler Forks Iron Company LLC, as successor in interest to Branch Banking and Trust Company, as Administrative Agent, and recorded in Book 433, Page 649 with the Clerk of Court for the
Parish of St. James, Louisiana and that certain Second Amendment to Mortgage, Assignment of Leases and Rents and Security Agreement, effective as of August 12, 2015, between Raven Energy LLC and Tyler Forks Iron Company LLC, as successor in
interest to Branch Banking and Trust Company, as Administrative Agent, and recorded with the Clerk of Court for the Parish of St. James, Louisiana, 

  

	 	(ii)	the Amended and Restated General Security Agreement, dated as of June 28, 2013, among Raven Energy LLC and Tyler Forks Iron Company LLC, as successor in interest to Branch Banking and Trust Company, as
Administrative Agent, as amended by the Amendment to Amended and Restated General Security Agreement, dated as of August 12, 2015, between Raven Energy LLC and Tyler Forks Iron Company LLC, as successor in interest to Branch Banking and Trust
Company, as Administrative Agent; 

  

	 	(iii)	the Collateral Assignment of Materials Handling and Storage Agreement with Murray American Coal, Inc., dated March 31, 2015 by Raven Energy LLC in favor of Tyler Forks Iron Company LLC, as successor in interest to
Branch Banking and Trust Company, as Administrative Agent, 

  

	 	(iv)	the Amended and Restated Collateral Assignment of Materials Handling and Storage Agreement, dated June 28, 2013, by Raven Energy LLC in favor of Tyler Forks Iron Company LLC, as successor in interest to Branch
Banking and Trust Company, as Administrative Agent. 

  

	 	(v)	the Collateral Assignment of Materials Handling and Storage Agreement with Murray American Coal, Inc., dated March 31, 2015 by Raven Energy LLC in favor of Tyler Forks Iron Company LLC, as successor in interest to
Branch Banking and Trust Company, as Administrative Agent; and 

  

	 	(vi)	the UCC financing statements reflected in the chart on the next page 

											
	 Debtor
	  	 Secured

Party/Mortgagor
	  	 Filing
Location
	  	 Document
	  	 Filing No. & Date
	  	 Collateral Description/Amendment
Description

	Haverhill Coke Company LLC	  	Caterpillar Financial Services Corporation	  	Delaware SOS	  	UCC-1	  	Filing #20132965748, filed 7/31/13; as amended pursuant to filing 20132972314 filed 7/31/13	  	Equipment lease
	  	Caterpillar Financial Services Corporation	  	Delaware SOS	  	UCC-1	  	Filing #20132965755, filed 7/31/13; as amended pursuant to filing 20132972330 filed 7/31/13	  	Equipment lease
	  	Caterpillar Financial Services Corporation	  	Delaware SOS	  	UCC-1	  	Filing #20132965961, filed 7/31/13; as amended pursuant to filing 20132972355 filed 7/31/13	  	Equipment lease
	  	Caterpillar Financial Services Corporation	  	Delaware SOS	  	UCC-1	  	Filing #20132965979, filed 7/31/13; as amended pursuant to filing 20132972348 filed 7/31/13	  	Equipment lease
						
	Middletown Coke Company, LLC	  	General Electric Credit Corporation of Tennessee	  	Delaware SOS	  	UCC-1	  	Filing #2012 1712118, filed 05/02/2012	  	Equipment lease
						
	Raven Energy LLC	  	Tyler Forks Iron Company LLC, as administrative agent	  	Delaware SOS	  	UCC-1	  	Filing #2012 2672535 filed 7/11/12; as assigned pursuant to filing 2015-353-3881 filed 8/13/2015; and as amended pursuant to filing 2015-352-7339 filed 8/13/2015	  	All assets
	  	Tyler Forks Iron Company LLC, as administrative agent	  	Clerk of Court, St. James Parish, LA	  	UCC-1 Fixture Filing	  	Filing #47-63574, as amended by filing 47-64421 as filed on June 28, 2013, and as amended by filing [            ] filed on August 12, 2015	  	All assets

											
	 Debtor
	  	 Secured

Party/Mortgagor
	  	 Filing
Location
	  	 Document
	  	 Filing No. & Date
	  	 Collateral Description/Amendment
Description

	Gateway Energy & Coke Company, LLC	  	U.S. Bancorp	  	Delaware SOS	  	UCC-1	  	Filing #20103348095, filed 9/24/2010	  	Equipment lease
	  	Wells Fargo Bank, N.A.	  	Delaware SOS	  	UCC-1	  	Filing #20120248148, filed 1/20/12	  	Equipment Lease
						
	SunCoke Lake Terminal LLC	  	Caterpillar Financial Services Corporation	  	Delaware SOS	  	UCC-1	  	Filing #20144095642, filed 10/10/14	  	Equipment Lease

 SCHEDULE 7.8 

Existing Investments 
  

	A.	Equity Interests 

 Investments in Raven Energy LLC as of the Closing Date 

Investments in Jacob Materials Handling LLC as of the Closing Date 
  

	B.	Loan 

 None. 

 SCHEDULE 10.2 

Notice Information 
 Borrowers’
Agent 
 Suncoke Energy Partners, L.P. 
 1011 Warrenville
Road, Suite 600 
 Lisle, IL 60632 
 Attention: Fay West, Senior
Vice President and Chief Financial Officer 
 Telephone: 630-824-1954 

Facsimile: 630-824-1934 
 E-mail: fwest@suncoke.com 

Administrative Agent 
 Administrative Agent Office: 

(For financial/loan activity – advances, pay down, interest/fee billing and payments, rollovers, rate-settings): 

Angie Hidalgo 
 Bank of America 

Mail Code: TX1-492-14-11 
 901 Main Street 

Dallas, TX 75202-3714 
 TELEPHONE: 972-338-3768 

FAX: 214-416-0555 
 EMAIL: angie.hidalgo@baml.com 

Remittance Instructions: 
 BANK OF AMERICA, NA 

NEW YORK, NY 
 ABA #026009593 

ACCT # 1292000883 
 NAME: CREDIT SERVICES – Dallas 

REF: SunCoke Energy Partners LP 
 Other Notices as Administrative
Agent: 
 (For financial statements, compliance certificates, maturity extension and commitment change notices, amendments, consents, vote taking, etc) 

Bank of America – Gateway Village 
 Mail Code: NC1-026-06-03

 900 West Trade Street 
 Charlotte NC 28255-0001 

Attention: Darleen R DiGrazia 
 PHONE: 980-388-5001 

FAX: 704-409-0645 
 EMAIL: Darleen.r.digrazia@baml.com 

  
 2 

 EXHIBIT A 

FORM OF 
 GUARANTEE AND
COLLATERAL AGREEMENT 
 [See attached] 

  
 3 

 GUARANTEE AND COLLATERAL AGREEMENT dated as of November 3, 2015 (this
“Agreement”), among SUNCOKE ENERGY PARTNERS, L.P., a Delaware limited partnership (the “MLP”), each direct or indirect subsidiary of the MLP listed as a “Borrower” on the signature page to
the Term Loan Credit Agreement (as defined herein) (together with the MLP, collectively, the “Borrowers”), SUNCOKE ENERGY PARTNERS FINANCE CORP., a Delaware corporation (“FinCo”), the other
Subsidiaries of the MLP from time to time party hereto and BANK OF AMERICA, N.A. (“Bank of America”), as administrative agent and collateral agent (in such capacities, the “Administrative Agent”) for
the Secured Parties (as defined herein). 
 PRELIMINARY STATEMENT 

Reference is made to the Term Loan Credit Agreement dated as of November 3, 2015 (as amended, supplemented or otherwise modified from
time to time, the “Term Loan Credit Agreement”), among the Borrowers, the lenders from time to time party thereto (the “Lenders”) and Bank of America, as Administrative Agent. 

The Lenders have agreed to extend credit to the Borrowers pursuant to, and upon the terms and conditions specified in, the Term Loan Credit
Agreement. The obligations of the Lenders to extend credit to the Borrowers are conditioned upon, among other things, the execution and delivery of this Agreement by each Borrower and each Guarantor. Each Guarantor is a Subsidiary of a Borrower,
will derive substantial benefits from the extension of credit to such Borrower pursuant to the Term Loan Credit Agreement and is willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit. Accordingly, the
parties hereto agree as follows: 
 ARTICLE I. 

Definitions 

SECTION 1.01 Term Loan Credit Agreement. (a) Capitalized terms used in this Agreement and not otherwise defined
herein have the meanings set forth in the Term Loan Credit Agreement. All capitalized terms defined in the New York UCC (as such term is defined herein) and not defined in this Agreement have the meanings specified therein. 

(a) The rules of construction specified in Section 1.2 of the Term Loan Credit Agreement also apply to this Agreement.

 SECTION 1.02 Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“Administrative Agent” shall have the meaning assigned to such term in the preamble. 

“Article 9 Collateral” shall have the meaning assigned to such term in Section 4.01. 

“Borrowers” shall have the meaning assigned to such term in the preamble. 

“Collateral” shall mean the Article 9 Collateral and the Pledged Collateral. 

  
 4 

 “Copyright License” shall mean any written agreement, now or hereafter in
effect, granting any right to any third person under any copyright now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright now or hereafter owned by any
third person, and all rights of such Grantor under any such agreement. 
 “Copyrights” shall mean all of the
following now owned or hereafter acquired by any Grantor: (a) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise; and (b) all
registrations and applications for registration of any such copyright in the United States or any other country, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright
Office (or any successor office or any similar office in any other country), including those listed on Schedule III. 

“Equity Interests” shall mean Capital Stock of any Subsidiary of any Grantor. 

“Excluded Collateral” shall have the meaning assigned to it in Section 4.01(b). 

“Excluded Deposit Account” shall mean any Deposit Account the funds in which are used, in the ordinary course of
business, primarily for, and do not at any time exceed amounts reasonably required for, the payment of salaries and wages, workers’ compensation and similar expenses. 

“Federal Securities Laws” shall have the meaning assigned to such term in Section 5.04. 

“General Intangibles” shall mean all choses in action and causes of action and all other intangible personal property
of any Grantor of every kind and nature (other than Accounts) now owned or hereafter acquired by any Grantor, including all rights and interests in partnerships, limited partnerships, limited liability companies and other unincorporated entities,
corporate or other business records, indemnification claims, contract rights (including rights under leases, whether entered into as lessor or lessee, Hedge Agreements and other agreements), Intellectual Property, goodwill, registrations,
franchises, tax refund claims and any letter of credit, guarantee, claim, security interest or other security held by or granted to any Grantor to secure payment by an Account Debtor of any of the Accounts. 

“Grantors” shall mean the Borrowers and the Guarantors. 

“Guarantors” means the collective reference to the Subsidiary Guarantors. 

“Intellectual Property” shall mean all intellectual and similar property of any Grantor of every kind and nature now
owned or hereafter acquired by any Grantor, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, confidential or proprietary technical and business information, know-how, show-how or other data or information,
software and databases and all embodiments or fixations thereof and related documentation, registrations and franchises, and all additions, improvements and accessions. 

“Intercreditor Agreement” shall have the meaning assigned to such term in Section 3.02. 

  
 5 

 “License” shall mean any Patent License, Trademark License, Copyright
License or other license or sublicense agreement relating to Intellectual Property to which any Grantor is a party. 
 “New York
UCC” shall mean the Uniform Commercial Code as from time to time in effect in the State of New York. 
 “Patent
License” shall mean any written agreement, now or hereafter in effect, granting to any third person any right to make, use or sell any invention on which a Patent, now or hereafter owned by any Grantor or that any Grantor otherwise has
the right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a patent, now or hereafter owned by any third person, is in existence, and all rights of any Grantor under any such agreement.

 “Patents” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all pending
patent applications or issued patents of the United States or the equivalent thereof in any foreign country, all registrations and recordings thereof, including those listed on Schedule III, and (b) all continuation applications,
divisional applications, continuation-in-part applications, those issued patents that are subject to reissue or reexamination certificates, and the inventions disclosed or claimed therein, including the right to make, use, sell offer for sale or
import the inventions disclosed or claimed therein. 
 “Perfection Certificate” shall mean a certificate
substantially in the form of Exhibit B, completed and supplemented with the schedules and attachments contemplated thereby, and duly executed by a Responsible Officer. 

“Pledged Collateral” shall have the meaning assigned to such term in Section 3.01. 

“Pledged Debt Securities” shall have the meaning assigned to such term in Section 3.01. 

“Pledged Securities” shall mean any promissory notes, stock certificates or other certificated securities or
certificates representing Capital Stock now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 

“Pledged Stock” shall have the meaning assigned to such term in Section 3.01. 

“Secured Parties” shall mean (a) the Lenders, (b) the Administrative Agent, (c) only for purposes of
realization on the Collateral, the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (d) the successors and assigns of each of the foregoing. 

“Security Interest” shall have the meaning assigned to such term in Section 4.01. 

“Subsidiary Guarantor” shall mean (a) the Subsidiaries of the MLP identified on Schedule I hereto as
Subsidiary Guarantors and (b) each other Subsidiary of the MLP that becomes a party to this Agreement as a Subsidiary Guarantor after the Closing Date. 

  
 6 

 “Trademark License” shall mean any written agreement, now or hereafter in
effect, granting to any third person any right to use any Trademark now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any Trademark now or hereafter owned by any
third person, and all rights of any Grantor under any such agreement. 
 “Trademarks” shall mean all of the
following now owned or hereafter acquired by any Grantor: (a) all trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business
identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, including all common law rights, applications or registrations filed in the United States Patent and Trademark Office, any similar offices in
any State of the United States, any other country or any political subdivision (except for “intent-to-use” applications for trademark or service mark registrations filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. §
1051, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of Lanham Act has been filed, to the extent, if any, that any assignment of an “intent-to-use” application prior to such filing would
violate the Lanham Act), and all related extensions or renewals, including those listed on Schedule III, (b) all associated goodwill and (c) all other intangible assets, rights and interests that uniquely reflect or embody such
goodwill. 
 “Unfunded Advances” shall mean, with respect to the Administrative Agent, the aggregate amount, if any,
(i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.14 of the Term Loan Credit Agreement and
(ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender. 

ARTICLE II. 
 Guarantee

 SECTION 2.01 Guarantee. Each Borrower and each Guarantor unconditionally guarantees, jointly with each Borrower and with the other
Guarantors and severally, to the Administrative Agent, for the ratable benefit of the Secured Parties, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Obligations. Each Borrower and each Guarantor
further agrees that the Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Obligation. Each
Guarantor waives presentment to, demand of payment from and protest to any Borrower or any other Loan Party of any Obligation, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. 

SECTION 2.02 Guarantee of Payment. Each Borrower and each Guarantor further agrees that its guarantee hereunder constitutes a guarantee
of payment when due and not of collection, and waives any right to require that any resort be had by the Administrative Agent or any other Secured Party to any security held for the payment of the Obligations or to any balance of any Deposit Account
or credit on the books of the Administrative Agent or any other Secured Party in favor of any Borrower or any other person. 

  
 7 

 SECTION 2.03 No Limitations, Etc. (b) Except for
termination of a Guarantor’s obligations hereunder as expressly provided in Section 7.15, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason,
including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the
Obligations or otherwise, other than the defense of payment of such obligations in accordance with the terms thereof. Without limiting the generality of the foregoing, the obligations of each Guarantor hereunder shall not be discharged or impaired
or otherwise affected by (i) the failure of the Administrative Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise, (ii) any rescission,
waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement (except for rescissions, waivers, amendments or
modifications that by their terms reduce, discharge or impair the obligations of a Guarantor under this Agreement), (iii) the release of, or any impairment of or failure to perfect any Lien on or security interest in, any security held by the
Administrative Agent or any other Secured Party for the Obligations or any of them, (iv) any default, failure or delay, willful or otherwise, in the performance of the Obligations, or (v) any other act or omission that may or might in any
manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity other than the payment in full of all the Obligations (other than unasserted indemnification, tax gross up,
expense reimbursement or yield protection obligations, in each case for which no claim has been made, and other contingent obligations that survive the repayment of the Loans). Each Guarantor expressly authorizes the Administrative Agent to take and
hold security for the payment and performance of the Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security (in accordance with the Loan Documents) and direct the order
and manner of any sale thereof in its sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Obligations, in each case in accordance with the Loan Documents, all without affecting the
obligations of any Guarantor hereunder. 
 (a) To the fullest extent permitted by applicable law, each
Guarantor waives any defense based on or arising out of any defense of any Borrower or any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any
Borrower or any other Loan Party, other than the payment in full of all the Obligations (other than unasserted indemnification, tax gross up, expense reimbursement or yield protection obligations, in each case for which no claim has been made, and
other contingent obligations that survive the repayment of the Loans). The Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales,
accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with any Borrower or any other Loan Party or exercise any other right or remedy available to them
against any Borrower or any other Loan Party, without affecting or impairing in any 

  
 8 

 
way the liability of any Guarantor hereunder except to the extent the Obligations have been paid in full (other than unasserted indemnification, tax gross up, expense reimbursement or yield
protection obligations, in each case for which no claim has been made, and other contingent obligations that survive the repayment of the Loans) and the guarantee of such Guarantor has been released pursuant to Section 7.15. To the
fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or
other right or remedy of such Guarantor against any Borrower or any other Loan Party, as the case may be, or any security. 

SECTION 2.04 Reinstatement. Each Borrower and each Guarantor agrees that its guarantee hereunder shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party upon the bankruptcy or reorganization of
any Borrower, any other Loan Party or otherwise. 
 SECTION 2.05 Agreement To Pay; Subrogation. In
furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any other Secured Party has at law or in equity against any Borrower or any Guarantor by virtue hereof, upon the failure of any Borrower or any
other Loan Party to pay any Obligation as expressly contemplated by Section 2.01 when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Borrower and each Guarantor
hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the applicable Secured Parties in cash the amount of such unpaid Obligation. Upon payment by any Borrower or any Guarantor of any sums to
the Administrative Agent as provided above, all rights of such Borrower or such Guarantor against any other Borrower or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or
otherwise shall in all respects be subject to Article VI. 
 SECTION 2.06 Information. Each
Borrower and each Guarantor assumes all responsibility for being and keeping itself informed of each Borrower’s and each other Loan Party’s financial condition and assets and of all other circumstances bearing upon the risk of nonpayment
of the Obligations and the nature, scope and extent of the risks that such Borrower and such Guarantor assumes and incurs hereunder, and agrees that neither the Administrative Agent nor any other Secured Party will have any duty to advise such
Guarantor of information known to it or any of them regarding such circumstances or risks. 
 ARTICLE III. 

Pledge of Securities 
 SECTION
3.01 Pledge. As security for the payment or performance, as the case may be, in full of the Obligations, each Grantor hereby assigns and pledges to the Administrative Agent, its successors and assigns, for the ratable benefit of the Secured
Parties, and hereby grants to the Administrative Agent, its successors and assigns, for the ratable benefit of the Secured Parties, a security interest in, all of such Grantor’s right, title and interest in, to and under (a)(i)

  
 9 

 
the Equity Interests owned by such Grantor on the date hereof (including all such Equity Interests listed opposite the name of such Grantor on Schedule II), (ii) any other
Equity Interests obtained in the future by such Grantor and (iii) the certificates representing all such Equity Interests (all the foregoing collectively referred to herein as the “Pledged Stock”); provided,
however, that the Pledged Stock shall not include more than 65% of the issued and outstanding voting Equity Interests of any Foreign Subsidiary and shall not include any Excluded Collateral, (b)(i) the debt securities held by such Grantor on
the date hereof (including all such debt securities listed opposite the name of such Grantor on Schedule II), (ii) any debt securities in the future issued to such Grantor and (iii) the promissory notes and any other instruments
evidencing such debt securities (all the foregoing collectively referred to herein as the “Pledged Debt Securities”), (c) subject to the proviso in clause (a) above, all other property that may be delivered to and
held by the Administrative Agent pursuant to the terms of this Section 3.01, (d) subject to Section 3.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received,
receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect of, the securities referred to in clauses (a) and (b) above, (e) subject to
Section 3.06, all rights and privileges of such Grantor with respect to the securities and other property referred to in clauses (a), (b), (c) and (d) above, and (f) all Proceeds of any of the foregoing (the items referred
to in clauses (a) through (f) above being collectively referred to as the “Pledged Collateral”). Notwithstanding anything to the contrary, no pledge or security interest is created hereby in, and the Pledged
Collateral shall not include, any Excluded Collateral. 
 TO HAVE AND TO HOLD the Pledged Collateral, together with all right,
title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Administrative Agent, its successors and assigns, for the ratable benefit of the Secured Parties, forever; subject, however, to the terms,
covenants and conditions hereinafter set forth. 
 SECTION 3.02 Delivery of the Pledged Collateral. (c) Each
Grantor agrees promptly to deliver or cause to be delivered to the Administrative Agent, for the ratable benefit of the Secured Parties, any and all Pledged Securities, to the extent that such Pledged Securities are either (i) certificated
Equity Interests or (ii) in the case of promissory notes or other Instruments evidencing Indebtedness, required to be delivered pursuant to paragraph (b) of this Section 3.02. 

(a) All Indebtedness (other than any Indebtedness that, individually, has a principal amount less than $1,000,000) owing to any
Loan Party that is evidenced by (i) a promissory note or (ii) other Instrument evidencing Indebtedness of which a Responsible Officer is aware shall be promptly pledged and delivered (except in the case of promissory notes or other
Instruments evidencing Indebtedness that, as of the Closing Date, have been lost, misplaced or destroyed) to the Administrative Agent, for the ratable benefit of the Secured Parties, pursuant to the terms hereof. 

(b) Upon delivery to the Administrative Agent, (i) any Pledged Securities required to be delivered pursuant to the
foregoing paragraphs (a) and (b) shall be accompanied by undated stock powers duly executed in blank or other undated instruments of transfer reasonably satisfactory to the Administrative Agent and duly executed in blank by such other
instruments and documents as the Administrative Agent may reasonably request and (ii) all other property comprising part of the Pledged 

  
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Collateral delivered pursuant to the terms of this Agreement shall be accompanied by proper instruments of assignment duly executed by the applicable Grantor and such other instruments or
documents as the Administrative Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the applicable securities, which schedule shall be attached hereto as Schedule II and made a part
hereof; provided that failure to attach any such schedule hereto shall not affect the validity of the pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered. 

In lieu of delivery to the Administrative Agent of the foregoing, the Grantors shall deliver such items to the administrative agent under the
Revolving Credit Facility at times that an intercreditor agreement contemplated by Section 7.3(n) of the Term Loan Credit Agreement (the “Intercreditor Agreement”) is in effect. 

SECTION 3.03 Representations, Warranties and Covenants. The Grantors jointly and severally represent, warrant and
covenant to and with the Administrative Agent, for the benefit of the Secured Parties, that: 
 (a) as of the
date hereof, Schedule II correctly sets forth the percentage of the issued and outstanding shares of each class of the Equity Interests of the issuer thereof represented by such Pledged Stock and includes all Pledged Debt Securities required
to be pledged hereunder; 
 (b) the Pledged Stock and Pledged Debt Securities (solely with respect to Pledged Debt Securities
issued by a Person that is not a Subsidiary or Affiliate of a Grantor, to the best of each Grantor’s knowledge) have been duly and validly authorized and issued by the issuers thereof and (i) in the case of Pledged Stock, are fully paid
and nonassessable and (ii) in the case of Pledged Debt Securities (solely with respect to Pledged Debt Securities issued by a Person that is not a Subsidiary or Affiliate of a Grantor, to the best of each Grantor’s knowledge), are legal,
valid and binding obligations of the issuers thereof, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general
equitable principles (whether considered in a proceeding at law or in equity) and an implied covenant of good faith and fair dealing; 

(c) except for the security interests granted hereunder (or otherwise permitted under the Term Loan Credit Agreement), each
Grantor (i) is and, subject to any transfers made in compliance with the Term Loan Credit Agreement, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule II as owned by such
Grantor, (ii) holds the same free and clear of all Liens, and (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than
transfers made in compliance with the Term Loan Credit Agreement; 
 (d) except for restrictions and limitations imposed by
the Loan Documents, the documents related to the Revolving Credit Facility, or securities laws generally, the Pledged Stock and, to the extent issued by the MLP or any of its Subsidiaries, the 

  
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Pledged Debt Securities, are and will continue to be freely transferable and assignable, and none of the Pledged Stock and, to the extent issued by the MLP or any of its Subsidiaries, the Pledged
Debt Securities are or will be subject to any option, right of first refusal, shareholders agreement, charter or by-law provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect the pledge of such
Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Administrative Agent of rights and remedies hereunder except in each case pursuant to a transaction permitted by, and Liens permitted under, the
Term Loan Credit Agreement; 
 (e) each Grantor (i) has the power and authority to pledge the Pledged Collateral pledged
by it hereunder in the manner hereby done or contemplated and (ii) will use commercially reasonable efforts to defend its title or interest thereto or therein against any and all Liens (other than any Lien created or permitted by the Loan
Documents), however arising, of all persons whomsoever; 
 (f) no consent or approval of any Governmental Authority or any
securities exchange or any other person was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect); 

(g) by virtue of the execution and delivery by each Grantor of this Agreement, when any Pledged Securities are delivered to the
Administrative Agent in accordance with this Agreement or, subject to the last sentence of Section 3.02, the administrative agent under the Revolving Credit Facility, the Administrative Agent will obtain, for the ratable benefit of the
Secured Parties, a legal, valid and perfected lien upon and security interest in such Pledged Securities under the New York UCC to the extent such lien and security interest may be created and perfected under the New York UCC, subject only to Liens
permitted under the Term Loan Credit Agreement, as security for the payment and performance of the Obligations; and 
 (h)
subject to applicable local law in the case of any Pledged Collateral issued by any Foreign Subsidiary, the pledge effected hereby is effective to vest in the Administrative Agent, for the benefit of the Secured Parties, the rights of the
Administrative Agent in the Pledged Collateral as set forth herein. 
 SECTION 3.04 Certification of Limited Liability
Company Interests and Limited Partnership Interests. To the extent any interest in any limited liability company or limited partnership which is a Grantor or a Subsidiary of a Grantor organized under the laws of the United States or any
jurisdiction thereof and that is controlled by any Grantor is represented by a certificate and is pledged hereunder, each such interest shall be a “security” within the meaning of Article 8 of the New York UCC and shall be governed by
Article 8 of the New York UCC. For the avoidance of doubt, no such limited liability company or limited partnership shall be required to include in its operative documents or any such certificate any provision that any such interests shall be a
“security” within the meaning of Article 8 of the New York UCC. 
 SECTION 3.05 Registration in Nominee Name;
Denominations. The Administrative Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) 

  
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to hold the Pledged Securities in the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Administrative Agent, or, if an Event of Default shall have occurred and be
continuing and subject to the last sentence of Section 3.02, its own name as pledgee, the name of its nominee (as pledgee or as sub-agent). Each Grantor will promptly give to the Administrative Agent copies of any notices or other
communications received by it with respect to Pledged Securities in its capacity as the registered owner thereof. Subject to the last sentence of Section 3.02, the Administrative Agent shall at all reasonable times have the right to
exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any reasonable purpose consistent with this Agreement. 

SECTION 3.06 Voting Rights; Dividends and Interest, Etc. (a) Unless and until an Event of Default shall have occurred and
be continuing and the Administrative Agent shall have given the Grantors notice (which notice shall be deemed to have been given immediately upon the occurrence of an Event of Default under clause (i) or (ii) of Section 8(f) of the
Term Loan Credit Agreement with respect to the applicable Grantor) that their rights under this Section 3.06 are being suspended: 

(i) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner
of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Term Loan Credit Agreement and the other Loan Documents; provided, however, that such rights and powers shall not be exercised
in any manner that would reasonably be expected to materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the Administrative Agent or the other Secured Parties under this
Agreement or the Term Loan Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same. 

(ii) The Administrative Agent shall execute and deliver to each Grantor, or cause to be executed and delivered to each Grantor,
all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to subparagraph
(i) above. 
 (iii) Each Grantor shall be entitled to receive and retain any and all dividends, interest, principal and
other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in accordance
with, the terms and conditions of the Term Loan Credit Agreement, the other Loan Documents and applicable law; provided, however, that any noncash dividends, interest, principal or other distributions that would constitute Pledged
Stock or Pledged Debt Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part thereof,
or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the 

  
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Pledged Collateral, and, if received by any Grantor, shall not be commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held
in trust for the ratable benefit of the Secured Parties and, subject to the last sentence of Section 3.02, shall be forthwith delivered to the Administrative Agent in the same form as so received (with any necessary endorsement or
instrument of assignment). This paragraph (iii) shall not apply to dividends between or among the Borrowers, the Guarantors and any Subsidiaries of a Borrower only of property subject to a perfected security interest under this Agreement;
provided that the Borrowers’ Agent notifies the Administrative Agent in writing, specifically referring to this Section 3.06 at the time of such dividend and takes any actions the Administrative Agent specifies to ensure the
continuance of its perfected security interest in such property under this Agreement. 
 (b) Upon the occurrence and during
the continuance of an Event of Default and subject to the terms of the Intercreditor Agreement, after the Administrative Agent shall have notified (or shall be deemed to have notified pursuant to Section 3.06(a)) the Grantors of the
suspension of their rights under paragraph (a)(iii) of this Section 3.06, all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph (a)(iii) of
this Section 3.06 shall cease, and all such rights shall thereupon become vested in the Administrative Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other
distributions. All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this Section 3.06 shall be held in trust for the benefit of the Administrative Agent, shall be segregated from
other property or funds of such Grantor and shall, subject to the last sentence of Section 3.02, be forthwith delivered to the Administrative Agent upon demand in the same form as so received (with any necessary endorsement or instrument
of assignment). Subject to the terms of the Intercreditor Agreement, any and all money and other property paid over to or received by the Administrative Agent pursuant to the provisions of this paragraph (b) shall be retained by the
Administrative Agent in an account to be established by the Administrative Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 5.02. After all Events of Default have been
cured or waived and the Borrowers’ Agent has delivered to the Administrative Agent certificates to that effect, the Administrative Agent shall promptly repay to each applicable Grantor (without interest) all dividends, interest, principal or
other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 3.06 and that remain in such account. 

(c) Upon the occurrence and during the continuance of an Event of Default and subject to the terms of the Intercreditor
Agreement, after the Administrative Agent shall have notified (or shall be deemed to have notified pursuant to Section 3.06(a)) the Grantors of the suspension of their rights under paragraph (a)(i) of this Section 3.06, then
all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this Section 3.06, and the obligations of the Administrative Agent under paragraph (a)(ii) of
this Section 3.06, shall cease, and all such rights shall thereupon become vested in the Administrative Agent, which shall 

  
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have the sole and exclusive right and authority to exercise such voting and consensual rights and powers; provided that, unless otherwise directed by the Majority Lenders, the
Administrative Agent shall have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. 

(d) Any notice given by the Administrative Agent to the Grantors suspending their rights under paragraph (a) of this
Section 3.06 (i) may be given by telephone if promptly confirmed in writing, (ii) may be given to one or more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under paragraph
(a)(i) or paragraph (a)(iii) in part without suspending all such rights (as specified by the Administrative Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Administrative Agent’s rights to give
additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing. 

(e) After all Events of Default have been cured and waived and the Borrowers’ Agent has delivered to the Administrative
Agent a certificate stating that no Event of Default has occurred and is continuing, each Grantor shall have the right to exercise the voting and/or consensual rights and powers that such Grantor would otherwise be entitled to exercise pursuant to
the terms of subparagraph (a)(i) above and the obligations of the Administrative Agent under subparagraph (a)(ii) shall be in effect. 

ARTICLE IV. 
 Security
Interests in Personal Property 
 SECTION 4.01 Security Interest. (d) As security for the payment or performance,
as the case may be, in full of the Obligations, each Grantor hereby assigns and pledges to the Administrative Agent, its successors and assigns, for the ratable benefit of the Secured Parties, and hereby grants to the Administrative Agent, its
successors and assigns, for the ratable benefit of the Secured Parties, a security interest (the “Security Interest”), in all right, title or interest in or to any and all of the following assets and properties now owned or
at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”): 

(i) all Accounts; 

(ii) all Chattel Paper; 

(iii) all cash and Deposit Accounts; 

(iv) all Documents; 

(v) all Equipment; 

(vi) all General Intangibles; 

(vii) all Instruments; 

  
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 (viii) all Inventory; 

(ix) all Investment Property; 

(x) all Letter-of-Credit Rights; 

(xi) all Commercial Tort Claims set forth on the Perfection Certificate, as the same may be supplemented from time to time;

 (xii) all books and records pertaining to the Article 9 Collateral; and 

(xiii) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral
security and guarantees given by any person with respect to any of the foregoing. 
 (b) Notwithstanding anything herein to
the contrary, in no event shall the Pledged Collateral or Article 9 Collateral include, and no Grantor shall be deemed to have granted a security interest hereunder or under any other Loan Document in, (I) any General Intangible, Instrument,
license, property right, permit or any other contract or agreement to which a Grantor is a party or any of its rights or interests thereunder if and for so long as the grant of such security interest shall constitute or result in (x) the
abandonment, invalidation, voiding or unenforceability of any right, title or interest of the Grantor therein (including in any Trademark application filed on an intent to use basis until the filing and acceptance of a statement of use), (y) a
violation of a valid and enforceable restriction in respect of such General Intangible, Instrument, license, property right, permit or any other contract or agreement or other such rights (1) in favor of a third party or (2) under any law,
regulation, permit, order or decree of any Governmental Authority or (z) a breach or termination (or result in any party thereto having the right to terminate) pursuant to the terms of, or a default under, such General Intangible, Instrument,
license, property right, permit or any other contract or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law or
principles of equity); provided, however, that such security interest shall attach immediately at such time as the condition causing such abandonment, invalidation, unenforceability or breach or termination, as the case may be, shall
be remedied and, to the extent severable, shall attach immediately to any portion of such General Intangible, Instrument, license, property right, permit or any other contract or agreement that does not result in any of the consequences specified in
the immediately preceding clause (x), (y) or (z) including, any proceeds of such General Intangible, Instrument, license, property rights, permit or any other contract or agreement; (II) more than 65% of the outstanding voting Equity
Interests in any Foreign Subsidiary, (III) the Equity Interests in any Unrestricted Subsidiary or any Foreign Subsidiary that is not a first tier Foreign Subsidiary, (IV) the Equity Interests of any Foreign Subsidiary to the extent the grant of any
security interest therein would require the approval of any Governmental Authority, (V) Equity Interests of any Person other than wholly-owned Subsidiaries of the Loan Parties to the extent not permitted by the terms of such Person’s
organizational documents or any joint venture agreement, shareholders agreement or equivalent document relating to such Person, (VI) 

  
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any vehicle or other asset subject to certificate of title, (VII) owned real property with a value (together with improvements thereof and any related mineral rights owned by any Loan Party
intended to be accessed through such real property) of less than $10,000,000 individually and $25,000,000 in the aggregate and all leasehold interests, (VIII) any asset owned by any Grantor that is subject to a purchase money lien or a Capital Lease
Obligation permitted under the Term Loan Credit Agreement if the contract or other agreement in which such Lien is granted (or the documentation providing for such Capital Lease Obligation) prohibits or requires the consent of any Person other than
the Grantors as a condition to the creation of any other security interest on such asset, (IX) to the extent applicable law requires that a Subsidiary of such Grantor issue directors’ qualifying shares, such shares or nominee similar shares,
(X) any assets (including Capital Stock) to the extent that such grant of a security interest is prohibited by any applicable law, treaty, rule or regulation, (XI) any Excluded Deposit Accounts, (XII) so long as restrictions prohibiting Raven
Energy LLC from granting security interests in its assets to secure the Obligations are in effect under that certain Amended and Restated Credit Agreement, dated as of June 28, 2013, among Raven Energy LLC, as borrower, the lenders listed
therein and Tyler Forks Iron Company LLC, as administrative agent, all assets (real, personal or mixed) of Raven Energy LLC and (XIII) any assets with respect to which the Administrative Agent shall reasonably determine that the cost of creating
and/or perfecting a security interest therein is excessive in relation to the benefit to the Secured Parties (collectively, “Excluded Collateral”). 

(c) Each Grantor hereby irrevocably authorizes the Administrative Agent at any time and from time to time to file in any
relevant jurisdiction any initial financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Article 9 Collateral as “all assets” of such
Grantor or words of similar effect, and (ii) contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including (A) whether such
Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor and (B) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to
which such Article 9 Collateral relates. Each Grantor agrees to provide such information to the Administrative Agent promptly upon request. 

Each Grantor also ratifies its authorization for the Administrative Agent to file in any relevant jurisdiction any initial financing
statements or amendments thereto if filed prior to the date hereof. 
 The Administrative Agent is further authorized to file with the
United States Patent and Trademark Office or United States Copyright Office (or any successor office or any similar office in any other country) such documents as may be reasonably necessary or advisable for the purpose of perfecting, confirming,
continuing, enforcing or protecting the Security Interest granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Administrative Agent as secured party. 

  
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 (d) The Security Interest and the security interest granted pursuant to
Article III is granted as security only and shall not subject the Administrative Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral.

 SECTION 4.02 Representations and Warranties. The Grantors jointly and severally represent and warrant to the
Administrative Agent and the Secured Parties that: 
 (a) Each Grantor has good and valid rights in and title
to the Article 9 Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, the Security Interest in
such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval that has been
obtained. 
 (b) The Perfection Certificate has been duly prepared, completed and executed and the information set forth
therein (including (x) the exact legal name of each Grantor and (y) the jurisdiction of organization of each Grantor) is correct and complete in all material respects as of the Closing Date. Uniform Commercial Code financing statements
(including fixture filings, as applicable) or other appropriate filings, recordings or registrations containing a description of the Article 9 Collateral have been prepared by the Administrative Agent based upon the information provided to the
Administrative Agent in the Perfection Certificate for filing in each governmental, municipal or other office specified in Section 2 of the Perfection Certificate (or specified by notice from any Borrower to the Administrative Agent after the
Closing Date in the case of filings, recordings or registrations required by Sections 6.2(b) or 6.9 of the Term Loan Credit Agreement), which are all the filings, recordings and registrations (other than filings required to be made in the United
States Patent and Trademark Office or the United States Copyright Office in order to perfect the Security Interest in the Article 9 Collateral consisting of Intellectual Property) that are necessary to publish notice of and protect the validity of
and to establish a legal, valid and perfected security interest in favor of the Administrative Agent (for the ratable benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing,
recording or registration in the United States (or any political subdivision thereof), and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided
under applicable law with respect to the filing of renewals or continuation statements. Each Grantor represents and warrants that, to the extent any of the Article 9 Collateral consists of United States Patents and United States registered
Trademarks (and Trademarks for which United States registration applications are pending) and United States registered Copyrights, a fully executed agreement in the form hereof (or a fully executed short form agreement in form and substance
reasonably satisfactory to the Administrative Agent), and containing a description of the applicable Article 9 Collateral, has been delivered to the Administrative Agent for recording by or with the United States Patent and Trademark Office or the
United States Copyright Office pursuant to 35 U.S.C. §261, 15 U.S.C. §1060 or 17 U.S.C. §205 and the regulations thereunder, as applicable to protect 

  
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the validity of and to establish a legal, valid and perfected security interest in favor of the Administrative Agent (for the ratable benefit of the Secured Parties) in respect of all Article 9
Collateral consisting of such Patents, Trademarks and Copyrights in which a security interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and its territories and possessions, and
no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than such actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of Patents,
Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed after the date hereof). 

(c) The Security Interest constitutes (i) a legal and valid security interest in all Article 9 Collateral securing the
payment and performance of the Obligations, (ii) subject to the filing of Uniform Commercial Code financing statements as described in Section 4.02(b), a perfected security interest in all Article 9 Collateral in which a security
interest may be perfected by filing, recording or registering a financing statement or analogous document in the United States (or any political subdivision thereof) pursuant to the New York UCC and (iii) subject to the filing of any applicable
security agreements with the United States Patent and Trademark Office or the United States Copyright Office as described in Section 4.02(b), a security interest that shall be perfected in all Article 9 Collateral constituting United
States Patents, United States registered Trademarks and United States registered Copyrights in which a security interest may be perfected upon the receipt and recording of this Agreement with the United States Patent and Trademark Office and the
United States Copyright Office, as applicable. The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than Liens expressly permitted pursuant to Section 7.3 of the Term Loan Credit Agreement.

 (d) The Article 9 Collateral is owned by the Grantors free and clear of any Lien, except for Liens expressly permitted
pursuant to Section 7.3 of the Term Loan Credit Agreement. No Grantor has filed or consented to the filing of (i) any financing statement or analogous document under the Uniform Commercial Code or any other applicable laws covering any
Article 9 Collateral, (ii) any assignment in which any Grantor assigns any Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or the United States
Copyright Office, (iii) any notice under the Assignment of Claims Act, or (iv) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with any
foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Liens expressly permitted pursuant to
Section 7.3 of the Term Loan Credit Agreement. 
 SECTION 4.03 Covenants. (e) Each Grantor agrees to notify the
Administrative Agent in writing within 30 days (or such longer period as the Administrative Agent may agree) after any change in (i) its legal name, (ii) its identity or type of organization, (iii) its Federal Taxpayer Identification
Number or organizational identification number (if any) or (iv) its 

  
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jurisdiction of organization. Each Grantor agrees promptly to provide the Administrative Agent with certified organizational documents reflecting any of the changes described in the first
sentence of this paragraph. Each Grantor agrees promptly to notify the Administrative Agent if any material portion of the Article 9 Collateral owned or held by such Grantor is damaged or destroyed. 

(a) Each year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to
Section 6.1(a) of the Term Loan Credit Agreement, the Borrowers’ Agent shall deliver to the Administrative Agent a certificate executed by a Responsible Officer certifying that all Uniform Commercial Code financing statements (including
fixture filings, as applicable) or other appropriate filings recordings or registrations, including all refilings, recordings and registrations, containing a description of the Article 9 Collateral have been filed of record in each governmental,
municipal or other appropriate office in each jurisdiction identified in the Perfection Certificate or clause (a) of this Section 4.03 to the extent necessary to protect and perfect the Security Interest for a period of not less
than 18 months after the date of such certificate (except as noted therein with respect to any continuation statements to be filed within such period); provided such certification shall be made based on filed-stamped copies of the Uniform
Commercial Code financing statements prepared by the Administrative Agent in accordance with Section 4.02(b) and filed by the Administrative Agent in the jurisdiction of organization of each Grantor and delivered to the Borrowers’
Agent. Each certificate delivered pursuant to this Section 4.03(b) shall identify in the format of Schedule III all United States issued, registered or applied for Intellectual Property of any Grantor in existence on the date
thereof and not then listed on such Schedules or previously so identified to the Administrative Agent, but only to the extent that such Intellectual Property would be required to be identified on Schedule III if it were Intellectual Property
of any Grantor on the Closing Date. 
 (b) Subject to the rights of such Grantor under the Loan Documents to dispose of
Article 9 Collateral, each Grantor shall, at its own expense, use commercially reasonable efforts to defend title to the Article 9 Collateral against all persons and to defend the Security Interest of the Administrative Agent, for the ratable
benefit of the Secured Parties, in the Article 9 Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 7.3 of the Term Loan Credit Agreement. 

(c) Each Grantor agrees, at its own expense, promptly to execute, acknowledge, deliver and cause to be duly filed in any
relevant jurisdiction of the United States all such further instruments and documents and take all such actions as the Administrative Agent may from time to time reasonably request to better assure, obtain, preserve, protect and perfect the Security
Interest and the rights and remedies created hereby, including the payment of any fees and Taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any financing or
continuation statements (including fixture filings) or other documents in connection herewith or therewith; provided, however, that (i) the Grantors shall not be required to take any action in any jurisdiction to create any
security interest in assets located or titled outside of the United States (or any political subdivision thereof) or to perfect any security interests in such assets, (ii) the Grantors shall not be

  
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required to enter into any security agreement governed by the laws of any jurisdiction other than the United States (or any political subdivision thereof) and (iii) the Grantors shall not be
required to enter into any account control agreements with respect to deposit or securities accounts or take any other steps to perfect any security interest in such accounts or cash or cash equivalents. 

Without limiting the generality of the foregoing, each Grantor hereby authorizes the Administrative Agent, with prompt notice thereof to the
Grantors, to supplement this Agreement by supplementing Schedule III or adding additional schedules hereto to identify specifically any asset or item of a Grantor that may, in the Administrative Agent’s judgment, constitute issued,
registered or applied for United States Copyrights, United States Patents or United States Trademarks; provided that any Grantor shall have the right, exercisable within 30 days after the MLP has been notified by the Administrative Agent of
the specific identification of such Collateral, to advise the Administrative Agent in writing of any inaccuracy of the representations and warranties made by such Grantor hereunder with respect to such Collateral. Each Grantor agrees that it will
use its commercially reasonable efforts to take such action as shall be necessary in order that all representations and warranties hereunder shall be true and correct with respect to such Collateral within 30 days after the date it has been notified
by the Administrative Agent of the specific identification of such Collateral. 
 (d) At its option, the Administrative Agent
may discharge past due Taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Article 9 Collateral and not permitted pursuant to Section 6.10 or 7.3 of the Term Loan Credit
Agreement, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by the Term Loan Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to
reimburse the Administrative Agent on demand for any payment made or any expense incurred by the Administrative Agent pursuant to the foregoing authorization; provided, however, that nothing in this paragraph shall be interpreted as
excusing any Grantor from the performance of, or imposing any obligation on the Administrative Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to Taxes, assessments, charges, fees, Liens,
security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents. The Administrative Agent will give notice to the MLP of any exercise of the Administrative Agent’s rights or powers pursuant to this
paragraph (e); provided that any failure to give or delay in giving such notice shall not operate as a waiver of, or preclude any other or further exercise of, such rights or powers or the exercise of any other right or power pursuant to this
Agreement. 
 (e) Each Grantor shall remain liable to observe and perform all the conditions and obligations to be observed
and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral, and each Grantor jointly and severally agrees to indemnify and hold harmless the Administrative Agent and the Secured Parties from and against any
and all liability for such performance. 
 (f) No Grantor shall make or permit to be made an assignment, pledge or
hypothecation of the Article 9 Collateral or shall grant any other Lien in respect of the 

  
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Article 9 Collateral or permit any notice to be filed under the Assignment of Claims Act, except, in each case, as permitted by the Term Loan Credit Agreement. No Grantor shall make or permit to
be made any transfer of the Article 9 Collateral and each Grantor shall remain at all times in possession or otherwise in control of the Article 9 Collateral owned by it, except as permitted by the Term Loan Credit Agreement. 

(g) No Grantor will, without the Administrative Agent’s prior written consent, grant any extension of the time of payment
of any Accounts included in the Article 9 Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever
thereon, other than extensions, releases, credits, discounts, compromises, compoundings or settlements granted or made in the ordinary course of business. 

(h) Each Grantor, at its own expense, shall maintain or cause to be maintained insurance covering physical loss or damage to
the Inventory and Equipment to the extent required by, and in accordance with the requirements set forth in, Section 6.5 of the Term Loan Credit Agreement. Each Grantor irrevocably makes, constitutes and appoints the Administrative Agent (and
all officers, employees or agents designated by the Administrative Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, upon the occurrence and during the continuance of an Event of Default and subject to the
terms of the Intercreditor Agreement, of making, settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the
proceeds of such policies of insurance and for making all determinations and decisions with respect thereto. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or
under the Term Loan Credit Agreement or to pay any premium in whole or part relating thereto, the Administrative Agent may, without waiving or releasing any obligation or liability of any Grantor hereunder or any Default or Event of Default, in its
sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Administrative Agent reasonably deems advisable. All sums disbursed by the Administrative Agent in connection
with this paragraph, including reasonable attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Administrative Agent and shall be additional Obligations secured hereby.
The MLP shall (i) use commercially reasonable efforts to ensure that each provider of any such insurance agree that it will give the Administrative Agent at least 30 days’ prior written notice before any such policy shall be altered in any
material respect or canceled and (ii) name the Administrative Agent as an additional insured or as a loss payee, as applicable. It is understood and agreed that the insurance represented by the certificates delivered by any Borrower to the
Administrative Agent on the Closing Date (and any subsequent certificates with substantially similar language) are deemed to be in compliance with the requirements of clause (ii) of the preceding sentence. 

(i) Each Grantor shall maintain, in form and manner reasonably satisfactory to the Administrative Agent, records of its Chattel
Paper, if any, and its books, records and documents evidencing or pertaining thereto. 

  
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 SECTION 4.04 Other Actions. In order to further ensure the attachment,
perfection and priority of, and the ability of the Administrative Agent to enforce, for the ratable benefit of the Secured Parties, the Security Interest in the Article 9 Collateral, each Grantor agrees, in each case at such Grantor’s own
expense, to take the following actions with respect to the following Article 9 Collateral: 
 (a)
Instruments. If any Grantor shall at any time hold or acquire any Instruments subject to the Security Interest having a principal amount of $1,000,000 or more, such Grantor shall, subject to the last sentence of
Section 3.02, forthwith endorse, assign and deliver the same to the Administrative Agent, accompanied by such undated instruments of endorsement, transfer or assignment duly executed in blank as the Administrative Agent may from time to
time reasonably specify. 
 (b) [Reserved]. 

(c) Investment Property. To the extent required by Article III, if any Grantor shall at any time hold or
acquire any certificated securities subject to the Security Interest and required to be included in the Pledged Collateral, such Grantor shall, subject to the last sentence of Section 3.02, forthwith endorse, assign and deliver the same
to the Administrative Agent, accompanied by such undated instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time reasonably specify. If any securities now or hereafter acquired by any Grantor
are uncertificated and are issued to such Grantor or its nominee directly by the issuer thereof, such Grantor shall promptly notify the Administrative Agent thereof and, at the Administrative Agent’s reasonable request and option and subject to
the terms of the Intercreditor Agreement, pursuant to an agreement in form and substance reasonably satisfactory to the Administrative Agent, either (i) cause the issuer to agree to comply with instructions from the Administrative Agent as to
such securities, without further consent of any Grantor or such nominee, or (ii) arrange for the Administrative Agent to become the registered owner of the securities. 

(d) Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in an amount
reasonably estimated to exceed $5,000,000, the Grantor shall promptly notify the Administrative Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Administrative Agent, for the ratable
benefit of the Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Administrative Agent. Each such writing
delivered pursuant to this Section 4.04(d) shall be deemed to be a supplement to Schedule 9 of the Perfection Certificate and shall disclose all such Commercial Tort Claims in existence on the date thereof and not then listed on such
Schedule or previously so identified to the Administrative Agent. 

  
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 SECTION 4.05 Covenants Regarding Patent, Trademark and Copyright Collateral. (f) Each
Grantor agrees that it will not do any act, or omit to do any act, (and will exercise commercially reasonable efforts to prevent its licensees from doing any act or omitting to do any act) whereby any Patent that is material to the conduct of such
Grantor’s business may become invalidated or dedicated to the public, and agrees that it shall continue to mark any products covered by a Patent that is material to the conduct of such Grantor’s business with the relevant patent number as
necessary and sufficient to establish and preserve its maximum rights under applicable patent laws. 
 (a) Each Grantor will,
and will use its commercially reasonable efforts to cause its licensees and sublicensees to, (i) for each Trademark material to the conduct of such Grantor’s business, (A) maintain such Trademark in full force free from any claim of
abandonment or invalidity for non-use, (B) maintain the quality of products and services offered under such Trademark, and (C) display such Trademark with notice of Federal or foreign registration to the extent necessary and sufficient to
establish and preserve its maximum rights as required under applicable law; and (ii) for each Trademark included in the Collateral, not knowingly use or knowingly permit the use of any such Trademark in violation of any third party rights. 

(b) Each Grantor will, and will use its commercially reasonable efforts to cause its licensees or sublicensees to, for each
work covered by a Copyright material to the conduct of such Grantor’s business that it publishes, displays and distributes, use copyright notices as required to establish and preserve its maximum rights under applicable copyright laws. 

(c) Each Grantor shall notify the Administrative Agent promptly if it knows or has reason to know that any Patent, Trademark or
Copyright material to the conduct of its business may imminently become abandoned, lost or dedicated to the public, or of any materially adverse determination or development (including the institution of, or any such determination or development in,
any proceeding in the United States Patent and Trademark Office, United States Copyright Office or any court or similar office of any country) regarding such Grantor’s ownership of any Patent, Trademark or Copyright material to the conduct of
its business, its right to register the same, or its right to keep and maintain the same. 
 (d) Each Grantor shall
(i) inform the Administrative Agent on an annual basis of each application filed by itself, or through any agent, employee, licensee, sublicensee or designee, for any material Patent, or for the registration of any material Trademark or
Copyright with the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States or in any other country or any political subdivision thereof during the preceding
Fiscal Year, and (ii) execute and deliver any and all agreements, instruments, documents and papers as the Administrative Agent may otherwise reasonably request to evidence the Administrative Agent’s security interest in such Intellectual
Property and each Grantor hereby appoints the Administrative Agent as its attorney in fact to execute and file such writing for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed; such power being coupled with an
interest is irrevocable. 

  
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 (e) Each Grantor shall take all necessary steps, as determined in its reasonable
business judgment, and that are consistent with the practice in any proceeding before the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States or in any
other country or any political subdivision thereof, to maintain and pursue each material application relating to the Patents, Trademarks and/or Copyrights included in the Collateral (and to obtain the relevant grant or registration) and to maintain
each issued Patent and each registration of the Trademarks and Copyrights that is material to the conduct of any Grantor’s business, including timely filings of applications for renewal, affidavits of use, affidavits of incontestability and
payment of maintenance fees, and, if consistent with good business judgment, to initiate opposition, interference and cancellation proceedings against third parties. 

(f) In the event that any Grantor knows or has reason to believe that any Article 9 Collateral consisting of a Patent,
Trademark or Copyright material to the conduct of any Grantor’s business has been or is about to be infringed, misappropriated or diluted by a third person, such Grantor promptly shall notify the Administrative Agent and shall, if the Grantor
deems it necessary in its reasonable business judgment, promptly sue for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation or dilution, and take such other actions as are
appropriate under the circumstances to protect such Article 9 Collateral. 
 (g) Upon the occurrence and during the
continuance of an Event of Default, each Grantor shall use its best efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License or Trademark License, and each other material License, under which
such Grantor is a licensee to effect the assignment of all such Grantor’s right, title and interest thereunder to the Administrative Agent, for the ratable benefit of the Secured Parties, or its designee. 

ARTICLE V.  
 Remedies 

SECTION 5.01 Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, each Grantor agrees to
deliver each item of Collateral to the Administrative Agent on demand, and it is agreed that the Administrative Agent shall have the right to take any or all of the following actions at the same or different times: (a) to the extent permitted
under applicable law, with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the
applicable Grantor to the Administrative Agent, or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or nonexclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions
and in such manner as the Administrative Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers cannot be obtained), and (b) to the extent permitted under applicable law, with or
without legal process and with or without prior notice or demand for performance, to take possession of the Article 9 Collateral and without liability for trespass to enter any premises 

  
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where the Article 9 Collateral may be located for the purpose of taking possession of or removing the Article 9 Collateral and, generally, to exercise any and all rights afforded to a secured
party under the Uniform Commercial Code or other applicable law. Without limiting the generality of the foregoing, each Grantor agrees that the Administrative Agent shall have the right, subject to the mandatory requirements of applicable law, to
sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Administrative Agent shall deem appropriate.
The Administrative Agent shall be authorized at any such sale (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to persons who will represent and agree that they are purchasing the Collateral for their own account
for investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Administrative Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so
sold. Each such purchaser at any such sale shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal
which such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. 
 The
Administrative Agent shall give each applicable Grantor 10 days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the
Administrative Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall
state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary
business hours and at such place or places as the Administrative Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate
parcels, as the Administrative Agent may (in its sole and absolute discretion) determine. The Administrative Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of
sale of such Collateral shall have been given. The Administrative Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale,
and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by
the Administrative Agent until the sale price is paid by the purchaser or purchasers thereof, but the Administrative Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so
sold and, in case of any such failure, such Collateral may be sold again upon like notice. At any public (or, to the extent permitted by law, private) sale made pursuant to this Agreement, subject to Section 10.1 of the Term Loan Credit
Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by applicable law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to
the extent permitted by applicable law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase
price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of 

  
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such property without further accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale
thereof; the Administrative Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the
Administrative Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Administrative Agent may
proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a
court-appointed receiver. Any sale pursuant to the provisions of this Section 5.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the New York UCC or its equivalent in other
jurisdictions. 
 The Administrative Agent shall exercise all rights and remedies under this Agreement and with respect to the Collateral in
a manner that is consistent with the terms of the Intercreditor Agreement. 
 SECTION 5.02 Application of Proceeds.
Subject to the terms of the Intercreditor Agreement, the Administrative Agent shall apply the proceeds of any collection, sale, foreclosure or other realization upon any Collateral, including any Collateral consisting of cash, as follows:

 FIRST, to the payment of all costs and expenses incurred by the Administrative Agent (in its capacity as such hereunder or under
any other Loan Document) in connection with such collection, sale, foreclosure or realization or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the fees and expenses of
its agents and legal counsel, the repayment of all advances made by the Administrative Agent hereunder or under any other Loan Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or
remedy hereunder or under any other Loan Document; 
 SECOND, to the payment in full of Unfunded Advances; 

THIRD, to the payment in full of all other Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in
accordance with the amounts of the Obligations owed to them on the date of any such distribution); and 
 FOURTH, to the Grantors, their
successors or assigns, or as a court of competent jurisdiction may otherwise direct. 
 The Administrative Agent shall have absolute
discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Administrative Agent (including pursuant to a power of sale granted by statute or under a
judicial proceeding), the receipt of the Administrative Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see
to the application of any part of the purchase money paid over to the Administrative Agent or such officer or be answerable in any way for the misapplication thereof. 

  
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 SECTION 5.03 Grant of License to Use Intellectual Property. For the purpose
of enabling the Administrative Agent to exercise rights and remedies under this Agreement at such time as the Administrative Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Administrative
Agent an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantors), to use, license or sublicense any of the Article 9 Collateral consisting of Intellectual Property now owned or hereafter
acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the
compilation or printout thereof. The use of such license by the Administrative Agent may be exercised, at the option of the Administrative Agent, only upon the occurrence and during the continuation of an Event of Default and subject to the terms of
the Intercreditor Agreement; provided, however, that any license, sublicense or other transaction entered into by the Administrative Agent in accordance herewith shall be binding upon each Grantor notwithstanding any subsequent cure of
an Event of Default. 
 SECTION 5.04 Securities Act, Etc. In view of the position of the Grantors in
relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the U.S. Securities Act of 1933, as now or hereafter in effect, or any similar statute hereafter enacted analogous in purpose or
effect (such Act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Grantor understands
that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Administrative Agent if the Administrative Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit
the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Administrative Agent in any attempt to dispose of
all or part of the Pledged Collateral under applicable “blue sky” or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Administrative
Agent may, with respect to any sale of the Pledged Collateral, limit the purchasers to those who will agree, among other things, to acquire such Pledged Collateral for their own account, for investment, and not with a view to the distribution or
resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Administrative Agent, in its sole and absolute discretion (a) may proceed to make such a sale whether or not a registration statement
for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws and (b) may approach and negotiate with a limited number of potential purchasers (including a single potential
purchaser) to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions. In the event of any such
sale, the Administrative Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Administrative Agent, in its sole and absolute discretion, may in good faith deem reasonable under
the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if 

  
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more than a limited number of purchasers (or a single purchaser) were approached. The provisions of this Section 5.04 will apply notwithstanding the existence of a public or private
market upon which the quotations or sales prices may exceed substantially the price at which the Administrative Agent sells. 
 ARTICLE
VI. 
 Indemnity, Subrogation and Subordination 

SECTION 6.01 Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may
have under applicable law (but subject to Section 6.03), each Borrower agrees that (a) in the event a payment shall be made by any Guarantor under this Agreement, such Borrower shall indemnify such Guarantor for the full amount of
such payment and such Guarantor shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any Guarantor shall be sold pursuant to this Agreement or
any other Security Document to satisfy in whole or in part a claim of any Secured Party, such Borrower shall indemnify such Guarantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

 SECTION 6.02 Contribution and Subrogation. Each Guarantor (a “Contributing
Guarantor”) agrees (subject to Section 6.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation, or assets of any other Guarantor shall be sold pursuant to any Security
Document to satisfy any Obligation owed to any Secured Party, and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by a Borrower as provided in Section 6.01, the Contributing
Guarantor shall indemnify the Claiming Guarantor in an amount equal to (i) the amount of such payment or (ii) the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction
of which the numerator shall be the net worth of the Contributing Guarantor on the date hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto
pursuant to Section 7.16, the date of the supplement hereto executed and delivered by such Guarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 shall be subrogated to
the rights of such Claiming Guarantor under Section 6.01 to the extent of such payment. 
 SECTION
6.03 Subordination. (g) Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under Sections 6.01 and 6.02 and all other rights of indemnity, contribution or subrogation under
applicable law or otherwise shall be fully subordinated to the indefeasible payment in full in cash of the Obligations. No failure on the part of any Borrower or any Guarantor to make the payments required by Sections 6.01 and 6.02 (or
any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of its
obligations hereunder. 
 (a) Each Borrower and each Guarantor hereby agree that all Indebtedness owed by it to
any Restricted Subsidiary that is not a Loan Party shall be subordinated in right of payment to the Obligations to the extent required under the Term Loan Credit Agreement. 

  
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 ARTICLE VII. 

Miscellaneous 
 SECTION 7.01
Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 10.2 of the Term Loan Credit Agreement. All communications and notices hereunder to
any Subsidiary Guarantor shall be given to it in care of the Borrowers’ Agent as provided in Section 10.2 of the Term Loan Credit Agreement. 

SECTION 7.02 Security Interest Absolute. All rights of the Administrative Agent hereunder, the Security Interest, the grant of a
security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Term Loan Credit Agreement, any other Loan Document,
any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or
any other amendment or waiver of or any consent to any departure from the Term Loan Credit Agreement, any other Loan Document or any other agreement or instrument relating to the foregoing, (c) any exchange, release or non-perfection of any
Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Obligations, or (d) any other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Grantor in respect of the Obligations or this Agreement, other than payment in full of all the Obligations (other than unasserted indemnification, tax gross up, expense reimbursement or yield protection
obligations, in each case for which no claim has been made, and other contingent obligations that survive the repayment of the Loans). 

SECTION 7.03 Survival of Agreement. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan
Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall survive the execution and delivery of the Loan Documents and the making of any Loans, and
shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under any Loan Document is outstanding and unpaid, or the Commitments have not expired or terminated. 

SECTION 7.04 Binding Effect; Several Agreement. This Agreement shall become effective as to any Loan Party when a counterpart hereof
executed on behalf of such Loan Party shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon such Loan Party and the
Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of such Loan Party, the Administrative Agent and the other Secured Parties and their respective successors and assigns, except that no Loan
Party shall have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated or

  
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permitted by this Agreement or the Term Loan Credit Agreement. This Agreement shall be construed as a separate agreement with respect to each Loan Party and may be amended, modified,
supplemented, waived or released with respect to any Loan Party without the approval of any other Loan Party and without affecting the obligations of any other Loan Party hereunder. 

SECTION 7.05 Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be
deemed to include the permitted successors and assigns of such party. All covenants, promises and agreements by or on behalf of any Grantor or the Administrative Agent that are contained in this Agreement shall bind and inure to the benefit of their
respective successors and assigns. 
 SECTION 7.06 Administrative Agent’s Fees and Expenses; Indemnification. (h) The
parties hereto agree that the Administrative Agent shall be entitled to reimbursement of its expenses incurred hereunder as provided in Section 10.5 of the Term Loan Credit Agreement. 

(a) Without limitation of its indemnification obligations under the other Loan Documents, each Grantor jointly and severally
agrees to indemnify the Administrative Agent and the other indemnitees against, and hold each indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Documents and the reasonable fees and expenses of legal counsel in connection
with claims, actions or proceedings by any indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause (b), collectively, the “Indemnified Liabilities”); provided, that no Grantor shall
have any obligation hereunder to any indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross
negligence or willful misconduct of such indemnitee. To the extent permitted by applicable law, no Grantor shall assert, and each Grantor hereby waives any claim against any indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or the use of proceeds
thereof. 
 (b) Any such amounts payable as provided hereunder shall be additional Obligations secured hereby and by the
other Security Documents. The provisions of this Section 7.06 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions
contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any
other Secured Party. Any overdue amounts payable under this Section 7.06 shall bear interest at the rate specified in Section 2.11(c)(ii) of the Term Loan Credit Agreement. 

SECTION 7.07 Administrative Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Administrative Agent as the
attorney-in-fact of such Grantor during the 

  
 31 

 
occurrence of an Event of Default for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Administrative Agent may reasonably
deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the Administrative Agent shall have the right, upon the occurrence and
during the continuance of an Event of Default, with full power of substitution either in the Administrative Agent’s name or in the name of such Grantor (a) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks,
drafts, money orders or other evidences of payment relating to the Collateral or any part thereof, (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral, (c) to sign
the name of any Grantor on any invoice or bill of lading relating to any of the Collateral, (d) to send verifications of Accounts to any Account Debtor, (e) to commence and prosecute any and all suits, actions or proceedings at law or in
equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral, (f) to settle, compromise, compound, adjust or defend any actions, suits or
proceedings relating to all or any of the Collateral, (g) to notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Administrative Agent, and (h) to use, sell, assign, transfer, pledge, make any
agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement in accordance with its terms, as fully and completely as though the
Administrative Agent were the absolute owner of the Collateral for all purposes; provided, however, that nothing herein contained shall be construed as requiring or obligating the Administrative Agent to make any commitment or to make
any inquiry as to the nature or sufficiency of any payment received by the Administrative Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due
in respect thereof or any property covered thereby, other than to exercise commercially reasonable care in the custody and preservation of any Collateral in its possession. The Administrative Agent and the other Secured Parties shall be accountable
only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder,
except for their own gross negligence, willful misconduct or bad faith. 
 SECTION 7.08 Applicable Law. THIS AGREEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 7.09 Waivers; Amendment. (i) No failure or delay by the Administrative Agent or any Lender in exercising any right or
power hereunder or under any other Loan Document shall operate as a waiver hereof or thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power,
preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any
rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this
Section 7.09, and then such waiver or consent shall be 

  
 32 

 
effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any
Default, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default at the time. No notice or demand on any Loan Party in any case shall entitle any Loan Party to any other or further notice or
demand in similar or other circumstances. 
 (a) Neither this Agreement nor any provision hereof may be waived, amended or
modified except pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties with respect to which such waiver, amendment or modification is to apply, subject to any consent required
in accordance with Section 10.1 of the Term Loan Credit Agreement. 
 SECTION 7.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO
(INCLUDING, FOR THE AVOIDANCE OF DOUBT, THE ADMINISTRATIVE AGENT) HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR
IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.10. 
 SECTION 7.11 Severability. In the event any one or more of the
provisions contained in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any
way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall
endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7.12 Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 7.04. Delivery of an executed signature page to this Agreement by
facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION
7.13 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in
interpreting, this Agreement. 

  
 33 

 SECTION 7.14 Jurisdiction; Consent to Service of Process. (j) Each party to this
Agreement hereby irrevocably and unconditionally: 
 (i) submits for itself and its property in any legal action or
proceeding relating to this Agreement or any of the other Loan Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York and the courts of the
United States for the Southern District of New York, in each case located in the Borough of Manhattan, and appellate courts from any thereof; 

(ii) consents that any such action or proceeding may be brought in such courts, and waives any objection that it may on the
Closing Date or thereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(iii) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered
or certified mail (or any substantially similar form of mail), postage prepaid, to such party at its address set forth in Section 10.2 of the Term Loan Credit Agreement or at such other address of which the Administrative Agent shall have been
notified pursuant thereto; and 
 (iv) agrees that nothing herein shall affect the right to effect service of process in any
other manner permitted by law or shall limit the right to sue in any other jurisdiction. 
 (b) Each of the parties hereto
agrees that a final judgment in any such action or proceeding may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

SECTION 7.15 Termination or Release. (k) This Agreement, the guarantees made herein, the Security Interest, the pledge of the
Pledged Collateral and all other security interests granted hereby shall automatically terminate when all the Obligations have been paid in full (other than unasserted indemnification, tax gross up, expense reimbursement or yield protection
obligations, in each case for which no claim has been made, and other contingent obligations that survive the repayment of the Loans) and the Lenders have no further commitment to lend under the Term Loan Credit Agreement. 

(a) A Subsidiary Guarantor shall automatically be released from its obligations hereunder and the Security Interests created
hereunder (and the security interest granted under Article III) in the Collateral of such Subsidiary Guarantor (and the Equity Interest of such Subsidiary Guarantor pledged as Collateral by another Grantor) shall be automatically released
upon the consummation of any transaction permitted by the Term Loan Credit Agreement as a result of which such Subsidiary Guarantor ceases to be a Restricted Subsidiary. 

(b) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Term Loan Credit Agreement to
any person that is not a Borrower or 

  
 34 

 
a Guarantor, or, upon the effectiveness of any written consent to the release of the Security Interest granted hereby (or the security interest granted under Article III) in any Collateral
pursuant to Section 10.1 of the Term Loan Credit Agreement, the Security Interest (and the security interest granted under Article III) in such Collateral shall be automatically released. 

(c) In connection with any termination or release pursuant to paragraph (a), (b) or (c) above, the Administrative
Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all Uniform Commercial Code termination statements and other documents that such Grantor shall reasonably request to evidence such termination or release. Any
execution and delivery of documents pursuant to this Section 7.15 shall be without recourse to or representation or warranty by the Administrative Agent or any Secured Party. Without limiting the provisions of Section 7.06,
the Borrowers shall reimburse the Administrative Agent upon demand for all costs and out of pocket expenses, including the reasonable fees, charges and expenses of counsel, incurred by it in connection with any action contemplated by this
Section 7.15. 
 SECTION 7.16 Additional Subsidiaries. Any Subsidiary that is required to become a party hereto pursuant
to Section 6.9 of the Term Loan Credit Agreement shall enter into this Agreement as a Subsidiary Guarantor and a Grantor. Upon execution and delivery by the Administrative Agent and such Subsidiary of a supplement in the form of Exhibit A
hereto, such Subsidiary shall become a Subsidiary Guarantor and a Grantor hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and a Grantor herein. The execution and delivery of any such instrument shall not
require the consent of any other Loan Party hereunder. The rights and obligations of each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Loan Party as a party to this Agreement. 

SECTION 7.17 Right of Setoff. If an Event of Default shall have occurred and is continuing, each Secured Party is hereby authorized at
any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Secured
Party to or for the credit or the account of any Grantor against any and all of the obligations of such Grantor now or hereafter existing under this Agreement and the other Loan Documents held by such Secured Party, irrespective of whether or not
such Secured Party shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured. The rights of each Secured Party under this Section 7.17 are in addition to other rights and
remedies (including other rights of setoff) which such Secured Party may have. Any Secured Party exercising its rights under this Section shall give prompt notice thereof to the relevant Grantor, provided that any failure to give or any delay in
giving such notice shall not affect the validity of any such setoff and application under this Section 7.17. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  
 35 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	SUNCOKE ENERGY PARTNERS, L.P.
		
	By:	 	SunCoke Energy Partners GP LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	HAVERHILL COKE COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MIDDLETOWN COKE COMPANY, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	HAVERHILL COGENERATION COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MIDDLETOWN COGENERATION COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [SIGNATURE PAGE TO
GUARANTEE AND COLLATERAL AGREEMENT] 

 
			
	SUNCOKE LAKE TERMINAL LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SUNCOKE LOGISTICS LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MARIGOLD DOCK, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CEREDO LIQUID TERMINAL, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	KANAWHA RIVER TERMINALS, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	GATEWAY ENERGY & COKE COMPANY, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [SIGNATURE PAGE TO
GUARANTEE AND COLLATERAL AGREEMENT] 

 
			
	GATEWAY COGENERATION COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SUNCOKE ENERGY PARTNERS FINANCE CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RAVEN ENERGY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	JACOB MATERIALS HANDLING LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [SIGNATURE PAGE TO
GUARANTEE AND COLLATERAL AGREEMENT] 

 
					
	BANK OF AMERICA, N.A., as Administrative Agent,
			
		 	By:	 	
		
		 	  

		 	Name:	 	
		 	Title:	 	

 [SIGNATURE PAGE TO GUARANTEE AND COLLATERAL AGREEMENT] 

 SCHEDULE I 

TO THE GUARANTEE AND 
 COLLATERAL
AGREEMENT 
 SUBSIDIARY GUARANTORS* 
  

	1.	[    ] 

  

	*	Jurisdiction of formation identified in parentheses following the name of each Grantor. 

 SCHEDULE II 

TO THE GUARANTEE AND 
 COLLATERAL
AGREEMENT 
 PLEDGED EQUITY INTERESTS 
  

									
	 Issuer
	  	Registered
Owner	  	Number
of
Certificate	  	Number and
Class of
Equity Interest	  	Percentage
of Equity
Interests
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
					
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

 PLEDGED DEBT SECURITIES 

 

									
	 Issuer
	  	Registered
Owner	  	Number
of
Certificate	  	Number and
Class of
Equity Interest	  	Percentage
of Equity
Interests
		  		  		  		  	

 SCHEDULE III 

TO THE GUARANTEE AND 
 COLLATERAL
AGREEMENT 
 INTELLECTUAL PROPERTY 

U.S. COPYRIGHTS OWNED BY GRANTORS 

U.S. COPYRIGHT REGISTRATIONS 

[    ] 

PENDING U.S. COPYRIGHT APPLICATIONS FOR REGISTRATION

 [    ] 

U.S. PATENTS OWNED BY GRANTORS 

U.S. PATENTS 

[    ] 

U.S. PATENT APPLICATIONS 

[    ] 

U.S. TRADEMARKS OWNED BY GRANTORS 

U.S. TRADEMARK REGISTRATION 

[    ] 

U.S. TRADEMARK APPLICATIONS 

[    ] 

 EXHIBIT A 

TO THE GUARANTEE AND 
 COLLATERAL
AGREEMENT 
 SUPPLEMENT NO. [  ̈ ] (this “Supplement”)
dated as of [●], 20[●] to the Guarantee and Collateral Agreement dated as of November 3, 2015 (the “Guarantee and Collateral Agreement”), among SunCoke Energy Partners, L.P. (the
“MLP”) and each direct or indirect subsidiary of the MLP listed as a “Borrower” on the signature pages thereto, as Borrowers (collectively, the “Borrowers”), SunCoke Energy Partners Finance
Corp. (“FinCo”) and each other direct or indirect subsidiary of the MLP listed as a “Subsidiary Guarantor” on the signature pages thereto (the “Subsidiary Guarantors” and, together with the
Borrowers, the “Original Grantors”) and BANK OF AMERICA, N.A. (together with its affiliates, “Bank of America”), as Administrative Agent (as defined therein). 

1. Reference is made to the Term Loan Credit Agreement dated as of November 3, 2015 (as amended, supplemented or otherwise modified from
time to time, the “Term Loan Credit Agreement”), among the Borrowers, the lenders from time to time party thereto (the “Lenders”) and Bank of America, as Administrative Agent. 

2. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Term Loan Credit
Agreement or the Guarantee and Collateral Agreement, as applicable. 
 3. The Original Grantors have entered into the Guarantee and
Collateral Agreement in order to induce the Lenders to make Loans. Section 7.16 of the Guarantee and Collateral Agreement provides that additional Subsidiaries of the Borrower may become Subsidiary Guarantors and Grantors under the Guarantee
and Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the
Term Loan Credit Agreement to become a Subsidiary Guarantor and a Grantor under the Guarantee and Collateral Agreement in order to induce the Lenders to make additional Loans and as consideration for Loans previously made. 

Accordingly, the Administrative Agent and the New Subsidiary agree as follows: 

1. In accordance with Section 7.16 of the Guarantee and Collateral Agreement, the New Subsidiary by its signature below becomes a Grantor
and Subsidiary Guarantor under the Guarantee and Collateral Agreement with the same force and effect as if originally named therein as a Grantor and Subsidiary Guarantor and the New Subsidiary hereby (a) agrees to all the terms and provisions
of the Guarantee and Collateral Agreement applicable to it as a Grantor and Subsidiary Guarantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor and Subsidiary Guarantor thereunder are
true and correct on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Obligations (as defined in the Guarantee and Collateral Agreement), does hereby create and
grant to the Administrative Agent, its successors and assigns, for the ratable benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of the New Subsidiary’s right, title and interest in and to the
Collateral (as defined in the Guarantee and Collateral Agreement) of the New Subsidiary. Each reference to a “Grantor” or a “Subsidiary Guarantor” in the Guarantee and Collateral Agreement shall be deemed to include the New
Subsidiary. The Guarantee and Collateral Agreement shall be deemed to include the New Subsidiary. The Guarantee and Collateral Agreement is hereby incorporated herein by reference. 

 Exhibit A 

TO THE GUARANTEE AND 
 COLLATERAL
AGREEMENT 
  

 2. The New Subsidiary represents and warrants to the Administrative Agent and the other
Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Administrative Agent shall have received counterparts of this Supplement that, when taken together, bear the
signatures of the New Subsidiary and the Administrative Agent. Delivery of an executed signature page to this Supplement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this
Supplement. 
 4. The New Subsidiary hereby represents and warrants that (a) set forth on Schedule I attached hereto is a
true and correct schedule of (i) any and all Equity Interests and Pledged Debt Securities now owned by the New Subsidiary and (ii) any and all Intellectual Property consisting of United States Patents and United States registered
Trademarks (and Trademarks for which United States registration applications are pending) and United States registered Copyrights now owned by the New Subsidiary and (b) set forth under its signature hereto, is the true and correct legal name
of the New Subsidiary and its jurisdiction of organization. 
 5. Except as expressly supplemented hereby, the Guarantee and Collateral
Agreement shall remain in full force and effect. 
 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 7. In case any one or more of the provisions contained in this Supplement should be held invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guarantee and Collateral Agreement shall not in any way be affected or impaired thereby (it being understood
that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

8. All communications and notices hereunder shall (except as otherwise expressly permitted by the Guarantee and Collateral Agreement) be in
writing and given as provided in Section 10.2 of the Term Loan Credit Agreement. All communications and notices hereunder to the New Subsidiary shall be given to it in care of the Borrowers’ Agent as provided in Section 10.2 of the
Term Loan Credit Agreement. 

 Exhibit A 

TO THE GUARANTEE AND 
 COLLATERAL
AGREEMENT 
  

 The New Subsidiary agrees to reimburse the Administrative Agent for its reasonable
out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Administrative Agent. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this
Supplement to the Guarantee and Collateral Agreement as of the day and year first above written. 
  

					
	[NAME OF NEW SUBSIDIARY],
			
		 	By:	 	
		
		 	  

		 	Name:	 	
		 	Title:	 	
		
		 	Address:
		 	Legal Name
		 	Jurisdiction of Formation
	
	BANK OF AMERICA, N.A., as Administrative Agent,
			
		 	By:	 	
		
		 	  

		 	Name:	 	
		 	Title:	 	

 [SIGNATURE PAGE TO SUPPLEMENT TO THE GUARANTEE AND COLLATERAL AGREEMENT] 

 Schedule I to 

Supplement No. [●] to the 

Guarantee and Collateral Agreement 

COLLATERAL OF THE NEW SUBSIDIARY 

EQUITY INTERESTS 
  

									
	 Issuer
	  	Registered
Owner	  	Number
of
Certificate	  	Number and
Class of
Equity Interest	  	Percentage
of Equity
Interests
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

 PLEDGED DEBT SECURITIES 

 

							
	 Issuer
	  	Principal Amount	  	Date of Note	  	Maturity Date
		  		  		  	
		  		  		  	
		  		  		  	

 [Follow format of Schedule III to the Guarantee and Collateral Agreement] 

 FORM OF PERFECTION CERTIFICATE 

Attached hereto. 

  
 A-2 

 EXHIBIT B 

FORM OF 
 COMPLIANCE
CERTIFICATE 
 This Compliance Certificate is delivered pursuant to Section 6.2(b) of the Term Loan Credit Agreement, dated as of
November 3, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Term Loan Credit Agreement”), among SunCoke Energy Partners, L.P. (the “MLP”), each direct or indirect
subsidiary of the MLP named as a Borrower thereunder (together with the MLP, the “Borrowers”), the Lenders party thereto from time to time and Bank of America, N.A., as Administrative Agent. Unless otherwise defined herein, terms
defined in the Term Loan Credit Agreement and used herein shall have the meanings given to them in the Term Loan Credit Agreement. The undersigned [Chief Financial Officer] of the General Partner hereby certifies in [his/her] capacity as an officer
of the Company and not individually as follows 
 1. I am the duly elected, qualified and acting [Chief Financial Officer] of the General
Partner. 
 2. I have reviewed and am familiar with the contents of this Compliance Certificate. 

3. I have reviewed the terms of the Term Loan Credit Agreement and the Loan Documents and have made or caused to be made under my supervision,
a review in reasonable detail of the transactions and condition of each Group Member during the [Fiscal Year][Fiscal Quarter] for which the financial statements, attached hereto as Attachment 1, are being delivered pursuant to
Section 6.1 of the Term Loan Credit Agreement (the “Financial Statements”). Such review did not disclose during or at the end of the accounting period covered by the Financial Statements, and I have no knowledge of the
existence, as of the date of this Compliance Certificate, of any Default or Event of Default[, except as set forth below]. 
 4. To the best
of my knowledge, each Loan Party during the [Fiscal Year][Fiscal Quarter] for which the Financial Statements are being delivered has observed or performed all of its covenants and other agreements, and satisfied every condition contained in the Term
Loan Credit Agreement and the other Loan Documents to which it is a party to be observed, performed or satisfied by it. 
 5. Attached
hereto as Attachment 2 are the computations showing compliance with the financial covenants set forth in Section 7.1 of the Term Loan Credit Agreement as of the last day of the Fiscal Quarter or Fiscal Year, as the case may be. 

6. [Attached hereto as Attachment 3 is a description of any change in the jurisdiction of organization of any Loan Party and a
description of any Person that has become a Group Member, in each case since the [date of the most recent report delivered pursuant to Section 6.2(b) of the Term Loan Credit Agreement] [Closing
Date]]1 
  

	1 	Applicable with annual financial statements only. 

  
 B-1 

 7. [The Financial Statements are fairly stated in all material respects (subject to normal
year-end audit adjustments and the absence of footnotes).]2 
  

	2 	Applicable to quarterly financial statements only. 

  
 B-2 

 IN WITNESS WHEREOF, I have executed this Compliance Certificate this      day
of             ’ 20    . 
  

	
	  

	Name:
	Title:

  
 B-3 

 Attachment 1 

to Compliance Certificate 

[Attach Financial Statements] 

  
 B-4 

 Attachment 2 

to Compliance Certificate 
 The
information described herein pertains to the period from             , 20 to             , 20    . 

[Set forth Covenant Calculations] 

  
 B-5 

 Attachment 3 

to Compliance Certificate 
 [Set
forth description of any change in the jurisdiction of organization of any Loan Party and description of any Person that has become a Group Member] 

  
 B-6 

 EXHIBIT C 

[            ]1 

CLOSING CERTIFICATE 

[    ], 2015 

Pursuant to Section 5.1(d) of the Term Loan Credit Agreement, dated as of November 3, 2015 (the “Term Loan Credit
Agreement”; terms defined therein being used herein as therein defined), among SunCoke Energy Partners, L.P. (the “MLP”) and each direct or indirect subsidiary of the MLP named as a Borrower thereunder, as Borrowers, the
Lenders party thereto from time to time and Bank of America, N.A., as Administrative Agent, the undersigned [INSERT TITLE OF OFFICER] of [INSERT NAME OF LOAN PARTY] (the “Company”) hereby certifies in [his/her] capacity as an
officer of the Company and not individually as follows: 
 1. Attached hereto as Annex 1 is a true, correct and complete copy of
the by-laws and the certificate of incorporation, or similar charter document, certified by the relevant authority of the jurisdiction of organization (each an “Organizational Document”) of the Company as presently in effect. Each such
Organizational Document is in full force and effect on this date and has not been amended, modified, or repealed, and no proceedings for amendment, modification or rescission thereof are pending or, to my knowledge, contemplated, and no amendment or
other document relating to or affecting such Organizational Document has been filed with the relevant authority of the jurisdiction of organization as of the date hereof and no action has been taken by the Company, its stockholders, the Board of
Directors of the [Company] [General Partner] (the “Board”) or officers of the Company in contemplation of the filing of any such amendment or other document in contemplation of the liquidation or dissolution of the Company. 

2. Attached hereto as Annex 2 is a true, correct and complete copy of resolutions (the “Resolutions”) duly
adopted by the Board, approving and authorizing the execution, delivery and performance of the Term Loan Credit Agreement and the other Loan Documents to which the Company is a party or by which it or its assets may be bound and the consummation of
the transactions contemplated thereby and therein. The Resolutions have not been amended, modified or rescinded and are in full force and effect on the date hereof, and no other resolutions or action by the Board have been adopted relating to the
authorization, execution, delivery or performance of the Term Loan Credit Agreement and the other Loan Documents and the consummation of the transactions contemplated thereby and therein. 

3. The persons listed on Annex 3 attached hereto are now duly elected and qualified officers of the Company holding the offices
indicated next to their respective names and the signatures appearing opposite their respective names below are the true and genuine signatures of such officers, and each of such officers is duly authorized to execute and deliver on behalf of the
Company each of the Loan Documents to which it is a party and any certificate or other document to be delivered by the Company pursuant to the Loan Documents to which it is a party and to act on the Company’s behalf in connection with the Loan
Documents. 
  

	1 	Insert name of Loan Party. 

  
 C-1 

 4. Attached hereto as Annex 4 is a true, correct and complete certificate as to the
good standing of the Company. 
 5. All governmental and third party approvals necessary in connection with the Transactions, the continuing
operations of the Group Members and the transactions contemplated by the Term Loan Credit Agreement have been obtained and are in full force and effect, and all applicable waiting periods have expired without any action being taken or threatened by
any competent authority that would restrain, prevent or otherwise impose adverse conditions on the Transactions or the financing contemplated hereby. 

6. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents is true and correct in all material
respects on and as of the date hereof (except to the extent (a) any such representations and warranties relate, by their terms, to a specific date, in which case such representations and warranties shall be true and correct in all material
respects on and as of such specific date and (b) any such representations and warranties are qualified by materiality, in which case such representations and warranties shall be true and correct in all respects). 

  
 C-2 

 IN WITNESS WHEREOF, the undersigned has hereunto set [his/her] name as of the date first written
above. 
  

			
	  

	Name:	 	[     ]
	Title:	 	Secretary

 I, [    ], the duly elected and qualified officer of the Company, holding the titles
listed in Annex 3, do hereby certify on behalf of the Company that [    ] is the duly elected and qualified Secretary of the Company and the signature above is such officer’s true and genuine signature. 

IN WITNESS WHEREOF, the undersigned has hereunto set [his/her] name as of the date first written above. 

 

			
	  

	Name:	 	[    ]
	Title:	 	[    ]

  
 C-3 

 ANNEX 1 

[Organizational Documents] 

  
 C-4 

 ANNEX 2 

[Board Resolutions] 

  
 C-5 

 ANNEX 3 
  

					
	 Name
	  	 Office
	  	 Signature

			
	[    ]	  	[    ]	  	  

	[    ]	  	[    ]	  	  

  
 C-6 

 ANNEX 4 

[Good Standing Certificate] 

  
 C-7 

 EXHIBIT D 

FORM OF 
 MORTGAGE

 [See attached] 

 THIS OPEN-END MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FINANCING
STATEMENT dated as of November 3, 2015 (this “Mortgage”), by [                    ] (the “Mortgagor”), to BANK
OF AMERICA, N.A., having an office at Mail Code: TX1-492-14-11, 901 Main Street, Dallas, TX 75202-3714 (the “Mortgagee”) as Administrative Agent for the Secured Parties (as such terms are defined below). 

WITNESSETH THAT: 
 Reference is
made to (a) the Term Loan Credit Agreement dated as of November 3, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among SunCoke Energy Partners, L.P., a Delaware
limited partnership (the “MLP”), Haverhill Coke Company LLC, Middletown Coke Company, LLC, Haverhill Cogeneration Company LLC, Mortgagor, SunCoke Lake Terminal LLC, SunCoke Logistics LLC, Marigold Dock, Inc., Ceredo Liquid Terminal,
LLC, Kanawha River Terminals, LLC, Gateway Energy & Coke Company, LLC, Gateway Cogeneration Company LLC and certain other subsidiaries of the MLP from time to time party thereto, as joint and several Borrowers, the lenders from time to time
party thereto (the “Lenders”) and Mortgagee, as administrative agent (the “Administrative Agent”), and (b) the Guarantee and Collateral Agreement dated as of November 3, 2015 (as amended, supplemented or
otherwise modified from time to time, the “Guarantee and Collateral Agreement”), among the Borrowers, the Subsidiary Guarantors from time to time party thereto and Mortgagee, as Administrative Agent. Capitalized terms used but not
otherwise defined herein have the meanings given to them in the Credit Agreement and the Guarantee and Collateral Agreement, as applicable. 

The Lenders have agreed to make Loans to the Borrowers pursuant to, upon the terms of and subject to the conditions specified in the Credit
Agreement. The Credit Agreement provides that the sum of the principal amount of the Loans and the Letters of Credit from time to time outstanding and secured hereby shall not exceed $50,000,000.00. 

Mortgagor is a wholly owned Subsidiary of the MLP and will derive substantial benefit from the making of the Loans by the Lenders. In order to
induce the Lenders to make Loans, the Mortgagor has agreed to guarantee, among other things, the due and punctual payment and performance of all of the obligations of the other Borrowers under the Credit Agreement pursuant to the terms of the
Guarantee and Collateral Agreement. 
 The obligations of the Lenders to make Loans are conditioned upon, among other things, the execution
and delivery by the Mortgagor of this Mortgage in the form hereof to secure the Obligations, subject to all applicable grace, notice and cure periods under the Loan Documents. 

As used in this Mortgage, the term “Secured Parties” shall mean (a) the Lenders, (b) the Administrative Agent,
(c) only for purposes of realization on the Collateral, the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (d) the successors and assigns of each of the foregoing. 

Pursuant to the requirements of the Credit Agreement, the Mortgagor is granting this Mortgage to create a lien on and a security interest in
the Mortgaged Property (as hereinafter defined) to secure the performance and payment by the Mortgagor and the other Borrowers of 

  
 D-2 

 
the Obligations. The Credit Agreement also requires the granting by other Borrowers of mortgages, deeds of trust and/or deeds to secure debt (the “Other Mortgages”) that create
liens on and security interests in certain real and personal property other than the Mortgaged Property to secure the performance of the Obligations. 

Granting Clauses 
 NOW,
THEREFORE, IN CONSIDERATION OF the foregoing and in order to secure the due and punctual payment and performance of the Obligations (which, for the avoidance of doubt, shall include all obligations under the Guarantee and Collateral Agreement) for
the benefit of the Secured Parties, Mortgagor hereby grants, conveys, mortgages, assigns and pledges to the Mortgagee, a mortgage lien on and a security interest in, all of Mortgagor’s right, title and interest in and to all of the following
described property (the “Mortgaged Property”) whether now owned or held or hereafter acquired: 
 (1) the
land more particularly described on Exhibit A hereto (the “Land”), together with all of the following (and with respect to land as to which Mortgagor has surface rights only, only to the extent Mortgagor has such rights, if
any): all rights appurtenant thereto, including the easements over certain other adjoining land granted by any easement agreements (including, without limitation, in and to that certain Reciprocal Easement and Maintenance Agreement dated as of
January 24, 2013, by and between Mortgagor and Middletown Coke Company, LLC, a Delaware limited liability company, recorded on or about January 25, 2013, at Official Record Book 8540, Page 1840, of the real property records of Butler
County, Ohio), covenant or restrictive agreements and all air rights, mineral rights and oil and gas rights (to the extent (if any) that Mortgagor has the right to mortgage the same), water rights, and development rights, if any, relating thereto,
and also together with all of the other easements, rights, privileges, interests, hereditaments and appurtenances thereunto belonging or in any way appertaining and all of the estate, right, title, interest, claim or demand whatsoever of Mortgagor
therein and in the streets and ways adjacent thereto, either in law or in equity, in possession or expectancy, now or hereafter acquired (the “Premises”); 

(2) all buildings, improvements, structures, paving, parking areas, walkways and landscaping now or hereafter erected or
located upon the Land, and all fixtures of every kind and type affixed to the Premises or attached to or forming part of any structures, buildings or improvements and replacements thereof now or hereafter erected or located upon the Land (the
“Improvements”); 
 (3) all apparatus, movable appliances, building materials, equipment, fittings,
furnishings, furniture, machinery and other articles of tangible personal property of every kind and nature, and replacements thereof; now or at any time hereafter placed upon or used in any way in connection with the use, enjoyment, occupancy or
operation of the Improvements or the Premises, including all of Mortgagor’s books and records relating thereto and including all pumps, tanks, goods, machinery, tools, equipment, lifts (including fire sprinklers and alarm systems, fire
prevention or control systems, cleaning rigs, air conditioning, heating, boilers, refrigerating, electronic monitoring, water, loading, unloading, lighting, power, sanitation, waste removal, entertainment,

  
 D-3 

 
communications, computers, recreational, window or structural, maintenance, truck or car repair and all other equipment of every kind), restaurant, bar and all other indoor or outdoor furniture
(including tables, chairs, booths, serving stands, planters, desks, sofas, racks, shelves, lockers and cabinets); bar equipment, glasses, cutlery, uniforms, linens, memorabilia and other decorative items, furnishings, appliances, supplies,
inventory, rugs, carpets and other floor coverings, draperies, drapery rods and brackets, awnings, venetian blinds, partitions, chandeliers and other lighting fixtures, freezers, refrigerators, walk-in coolers, signs (indoor and outdoor), computer
systems, cash registers and inventory control systems, and all other apparatus, equipment, furniture, furnishings, and articles used in connection with the use or operation of the Improvements or the Premises, all only to the extent that Mortgagor
has the right to mortgage the same, it being understood that the enumeration of any specific articles of property shall in no way result in or be held to exclude any items of property not specifically mentioned (the property referred to in this
subparagraph (3), the “Personal Property”); 
 (4) all general intangibles owned by Mortgagor and
relating to design, development, operation, management and use of the Premises or the Improvements, all certificates of occupancy, zoning variances, building, use or other permits, approvals, authorizations and consents obtained from and all
materials prepared for filing or filed with any governmental agency in connection with the development, use, operation or management of the Premises and Improvements, all construction, service, engineering, consulting, leasing, architectural and
other similar contracts concerning the design, construction, management, operation, occupancy and/or use of the Premises and Improvements, all architectural drawings, plans, specifications, soil tests, feasibility studies, appraisals, environmental
studies, engineering reports and similar materials relating to any portion of or all of the Premises and Improvements, and all payment and performance bonds or warranties or guarantees relating to the Premises or the Improvements, all to the extent
assignable (the “Permits, Plans and Warranties”); 
 (5) all now or hereafter existing leases or licenses
(under which Mortgagor is landlord or licensor), concession, management, mineral or other agreements of a similar kind that permit the use or occupancy of the Premises or the Improvements for any purpose in return for any payment, or the extraction
or taking of any gas, oil, water or other minerals from the Premises in return for payment of any fee, rent or royalty (collectively, “Leases”), and all agreements or contracts for the sale or other disposition of all or any part of
the Premises or the Improvements, now or hereafter entered into by Mortgagor, together with all charges, fees, income, issues, profits, receipts, rents, revenues or royalties payable thereunder (“Rents”); 

(6) all real estate tax refunds and all proceeds of the conversion, voluntary or involuntary, of any of the Mortgaged Property
into cash or liquidated claims (“Proceeds”), including Proceeds of insurance maintained by the Mortgagor and condemnation awards, any awards that may become due by reason of the taking by eminent domain or any transfer in lieu
thereof of the whole or any part of the Premises or Improvements or any rights appurtenant thereto, and any awards for change of grade of streets, together with any and all moneys now or hereafter on deposit for the payment of real estate taxes,
assessments or common area charges levied against the Mortgaged 

  
 D-4 

 
Property, unearned premiums on policies of fire and other insurance maintained by the Mortgagor covering any interest in the Mortgaged Property or required by the Credit Agreement; and 

(7) all extensions, improvements, betterments, renewals, substitutes and replacements of and all additions and appurtenances
to, the Land, the Premises, the Improvements, the Personal Property, the Permits, Plans and Warranties and the Leases, hereinafter acquired by or released to the Mortgagor or constructed, assembled or placed by the Mortgagor on the Land, the
Premises or the Improvements, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further
mortgage, deed of trust, conveyance, assignment or other act by the Mortgagor, all of which shall become subject to the lien of this Mortgage as fully and completely, and with the same effect, as though now owned by the Mortgagor and specifically
described herein. 
 TO HAVE AND TO HOLD the Mortgaged Property unto the Mortgagee, its successors and assigns, for the ratable benefit of
the Secured Parties, forever, subject only to Permitted Liens (as defined in the Credit Agreement) and all Liens permitted under Section 7.3 of the Credit Agreement, and to satisfaction and release as provided in Section 3.06.
Notwithstanding anything contained herein to the contrary, the Mortgaged Property shall not include any Excluded Collateral. 
 ARTICLE I

 REPRESENTATIONS, WARRANTIES AND COVENANTS OF MORTGAGOR 

Mortgagor agrees, covenants, represents and/or warrants as follows: 

SECTION 1.01 Title, Mortgage Lien. 

(a) Mortgagor has fee simple title to the Land and Improvements (except as to such of the Land as to which Mortgagor has
surface rights only), subject only to Permitted Liens and all Liens permitted under Section 7.3 of the Credit Agreement, and except as provided in Section 4.8 of the Credit Agreement. 

(b) This Mortgage and the Uniform Commercial Code Financing Statements described in Section 1.09 of this Mortgage, when
duly recorded in the public records identified in the Perfection Certificate will create a valid, perfected and enforceable lien upon and security interest in all of the Mortgaged Property. 

(c) Mortgagor will forever warrant and defend its title to the Mortgaged Property, the rights of Mortgagee therein under this
Mortgage and the validity and priority of the lien of this Mortgage thereon against the claims of all persons and parties except those having rights under Permitted Liens and all Liens permitted under Section 7.3 of the Credit Agreement, to the
extent of those rights. 

  
 D-5 

 SECTION 1.02 Credit Agreement. This Mortgage is given pursuant to the Credit
Agreement. Mortgagor expressly covenants and agrees to pay when due, and to timely perform, and to cause the other Loan Parties to pay when due, and to timely perform, the Obligations in accordance with the terms of the Loan Documents. In the event
of any inconsistency, conflict or ambiguity between this Mortgage and the Credit Agreement, the Credit Agreement shall govern in all respects. 

SECTION 1.03 Payment of Taxes, and Other Obligations. 

(a) Mortgagor will pay and discharge from time to time prior to the time when the same shall become delinquent, and before any
interest or penalty accrues thereon or attaches thereto, all Taxes and other obligations with respect to the Mortgaged Property or any part thereof or upon the Rents from the Mortgaged Property or arising in respect of the occupancy, use or
possession thereof in accordance with, and to the extent required by, the Credit Agreement, including without limitation all provisions with respect to the contest or protest of such Taxes. 

(b) In the event of the passage of any state, Federal, municipal or other governmental law, order, rule or regulation
subsequent to the date hereof (i) deducting from the value of real property for the purpose of taxation any lien or encumbrance thereon or in any manner changing or modifying the laws now in force governing the taxation of this Mortgage or
debts secured by mortgages or deeds of trust (other than laws governing income, franchise and similar taxes generally) or the manner of collecting taxes thereon and (ii) imposing a tax to be paid by Mortgagee, either directly or indirectly, on
this Mortgage or any of the Loan Documents, or requiring an amount of taxes to be withheld or deducted therefrom, Mortgagor will promptly (x) upon learning thereof, notify Mortgagee of such event, (y) enter into such further instruments as
Mortgagee may determine are reasonably necessary or desirable to obligate Mortgagor to make any additional payments necessary to put the Lenders and Secured Parties in the same financial position they would have been if such law, order, rule or
regulation had not been passed and (z) in accordance with, and to the extent required by, the Credit Agreement, make such additional payments to Mortgagee for the benefit of the Lenders and Secured Parties. 

SECTION 1.04 Maintenance of Mortgaged Property. Mortgagor will maintain the Improvements and the Personal Property in the manner
required by the Credit Agreement. 
 SECTION 1.05 Insurance. Mortgagor will keep or cause to be kept the Improvements and
Personal Property insured against such risks, and in the manner, described in Section 6.5 of the Credit Agreement and shall purchase such additional insurance as may be required from time to time pursuant thereto. Federal Emergency Management
Agency Standard Flood Hazard Determination Forms will be purchased by Mortgagor for each Mortgaged Property on which Improvements are located. If any portion of Improvements constituting part of the Mortgaged Property is located in an area
identified as a special flood hazard area by Federal Emergency Management Agency or other applicable agency, Mortgagor will purchase flood insurance in an amount satisfactory to Mortgagee, but in no event less than the maximum limit of coverage
available under the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, in each case as amended from time to time. 

  
 D-6 

 SECTION 1.06 Casualty Condemnation/Eminent Domain. Mortgagor shall give Mortgagee
reasonably prompt written notice of any casualty or other damage to the Mortgaged Property or any proceeding for the taking of the Mortgaged Property or any portion thereof or interest therein under power of eminent domain or by condemnation or any
similar proceeding. Any Net Cash Proceeds received by or on behalf of the Mortgagor in respect of any such casualty, damage or taking shall be applied in accordance with Section 2.8 of the Credit Agreement. 

SECTION 1.07 Assignment of Leases and Rents. 

(a) Mortgagor hereby irrevocably and absolutely grants, transfers and assigns to the Mortgagee all of its right title and
interest in all Leases, together with any and all extensions and renewals thereof for purposes of securing and discharging the performance by Mortgagor of the Obligations. Mortgagor has not assigned or executed any assignment of, and will not assign
or execute any assignment of, any Leases or the Rents payable thereunder to anyone other than Mortgagee. 
 (b) All Leases
hereafter entered into by Mortgagor shall be subordinate to the lien of this Mortgage. Unless otherwise permitted under the Credit Agreement, Mortgagor will not enter into, modify or amend any Lease if such Lease, as entered into, modified or
amended, will not be subordinate to the lien of this Mortgage. 
 (c) Subject to Section 1.07(d), Mortgagor has assigned
and transferred to Mortgagee all of Mortgagor’s right, title and interest in and to the Rents now or hereafter arising from each Lease heretofore or hereafter made or agreed to by Mortgagor, it being intended that this assignment establish,
subject to Section 1.07(d), an absolute transfer and assignment of all Rents and all Leases to Mortgagee and not merely to grant a security interest therein. Subject to Section 1.07(d), Mortgagee may in Mortgagor’s name and stead
(with or without first taking possession of any of the Mortgaged Property personally or by receiver as provided herein) operate the Mortgaged Property and rent, lease or let all or any portion of any of the Mortgaged Property to any party or parties
at such rental and upon such terms as Mortgagee shall, in its sole discretion, determine, and may collect and have the benefit of all of said Rents arising from or accruing at any time thereafter or that may thereafter become due under any Lease.

 (d) So long as an Event of Default shall not have occurred and be continuing, Mortgagee will not exercise any of its
rights under Section 1.07(c), and Mortgagor shall receive and collect the Rents accruing under any Lease; but after the happening and during the continuance of any Event of Default, Mortgagee may, at its option, receive and collect all Rents
and enter upon the Premises and Improvements through its officers, agents, employees or attorneys for such purpose and for the operation and maintenance thereof. Mortgagor hereby irrevocably authorizes and directs each tenant, if any, and each
successor, if any, to the interest of any tenant under any Lease, respectively, to rely upon any notice of a claimed Event of Default sent by Mortgagee to any such tenant or 

  
 D-7 

 
any of such tenant’s successors in interest, and thereafter to pay Rents to Mortgagee without any obligation or right to inquire as to whether an Event of Default actually exists and even if
some notice to the contrary is received from the Mortgagor, who shall have no right or claim against any such tenant or successor in interest for any such Rents so paid to Mortgagee. Each tenant or any of such tenant’s successors in interest
from whom Mortgagee or any officer, agent, attorney or employee of Mortgagee shall have collected any Rents, shall be authorized to pay Rents to Mortgagor only after such tenant or any of their successors in interest shall have received written
notice from Mortgagee that the Event of Default is no longer continuing, unless and until a further notice of an Event of Default is given by Mortgagee to such tenant or any of its successors in interest. For the avoidance of doubt, upon the
cessation of any Event of Default, Mortgagor’s rights to receive and collect all Rents shall be automatically be reinstated without any further act or instrument by or from Mortgagee. 

(e) Mortgagee will not become a mortgagee in possession so long as it does not enter or take actual possession of the Mortgaged
Property. In addition, Mortgagee shall not be responsible or liable for performing any of the obligations of the landlord under any Lease, for any waste by any tenant, or others, for any dangerous or defective conditions of any of the Mortgaged
Property, for negligence in the management, upkeep, repair or control of any of the Mortgaged Property or any other act or omission by any other person. 

SECTION 1.08 Restrictions on Transfers and Encumbrances. Unless otherwise permitted or not prohibited by the Credit Agreement,
Mortgagor shall not directly or indirectly sell, convey, alienate, assign, lease, sublease, license, mortgage, pledge, encumber or otherwise transfer, create, consent to or suffer the creation of any lien, charge or other form of encumbrance upon
any interest in or any part of the Mortgaged Property, or be divested of its title to the Mortgaged Property or any interest therein in any manner or way, whether voluntarily or involuntarily (other than resulting from a condemnation), or engage in
any common, cooperative, joint, time-sharing or other congregate ownership of all or part thereof, except in each case in accordance with and to the extent permitted or not prohibited by the Credit Agreement. If any of the foregoing transfers or
encumbrances results in a mandatory prepayment required by Section 2.8(b) of the Credit Agreement, any Net Cash Proceeds received by or on behalf of the Mortgagor in respect thereof shall be applied in accordance with Section 2.8 of the
Credit Agreement. 
 SECTION 1.09 Security Agreement. This Mortgage is both a mortgage of real property and a grant of a
security interest in personal property, and shall constitute and serve as a “Security Agreement” within the meaning of the uniform commercial code as adopted in the state wherein the Premises are located (“UCC”). Mortgagor
has hereby granted unto Mortgagee a security interest in and to all the Mortgaged Property described in this Mortgage that is not real property, and simultaneously with the recording of this Mortgage, Mortgagor has filed or will file UCC financing
statements, and will file continuation statements prior to the lapse thereof, at the appropriate offices in the jurisdiction of formation of the Mortgagor to perfect the security interest granted by this Mortgage in all the Mortgaged Property that
is not real property. Mortgagor hereby appoints Mortgagee as its true and lawful attorney-in-fact and agent, for Mortgagor and in its name, place and stead, in any and all capacities, to execute any document

  
 D-8 

 
and to file the same in the appropriate offices (to the extent it may lawfully do so), and to perform each and every act and thing reasonably requisite and necessary to be done to perfect the
security interest contemplated by the preceding sentence. Mortgagee shall have all rights with respect to the part of the Mortgaged Property that is the subject of a security interest afforded by the UCC in addition to, but not in limitation of, the
other rights afforded Mortgagee hereunder and under the Guarantee and Collateral Agreement. 
 SECTION 1.10 Filing and
Recording. Mortgagor will cause this Mortgage, the UCC financing statements referred to in Section 1.09, any other security instrument creating a security interest in or evidencing the lien hereof upon the Mortgaged Property and each
UCC continuation statement and instrument of further assurance to be filed, registered or recorded and, if necessary, refiled, rerecorded and reregistered, in such manner and in such places as may be required by any present or future law in order to
publish notice of and fully to perfect the lien hereof upon, and the security interest of Mortgagee in, the Mortgaged Property until this Mortgage is terminated and released in full in accordance with Section 3.06 hereof. Mortgagor will pay all
filing, registration and recording fees, all Federal, state, county and municipal recording, documentary or intangible taxes and other taxes, duties, imposts, assessments and charges, and all reasonable expenses incidental to or arising out of or in
connection with the execution, delivery and recording of this Mortgage, UCC continuation statements any mortgage supplemental hereto, any security instrument with respect to the Personal Property, Permits, Plans and Warranties and Proceeds or any
instrument of further assurance. This Mortgage is also a fixture financing statement. The maturity date is May 9, 2019. 
 SECTION
1.11 Further Assurances. Within a reasonable time after demand by Mortgagee, Mortgagor will, at the cost of Mortgagor and without expense to Mortgagee, do, execute, acknowledge and deliver all such further acts, deeds, conveyances,
mortgages, assignments, notices of assignment, transfers and assurances as Mortgagee shall from time to time reasonably require for the better assuring, conveying, assigning, transferring and confirming unto Mortgagee the property and rights hereby
conveyed or assigned or intended now or hereafter so to be, in accordance with and subject to the provisions of this Mortgage, or which Mortgagor may be or may hereafter become bound to convey or assign to Mortgagee pursuant to the Credit Agreement,
or for carrying out the intention or facilitating the performance of the terms of this Mortgage consistent with the terms of the Credit Agreement, or for filing, registering or recording this Mortgage. 

SECTION 1.12 Additions to Mortgaged Property. Except with respect to leased property, all right, title and interest of Mortgagor
in and to all extensions, improvements, betterments, renewals, substitutions and replacements of, and all additions and appurtenances to, the Mortgaged Property hereafter acquired by or released to Mortgagor constructed, assembled or placed by
Mortgagor upon the Premises or the Improvements, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case
without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the lien and security interest of this Mortgage as fully and completely and with the same effect as though now owned by Mortgagor and
specifically described in the grant of the Mortgaged Property above, but at any and all times Mortgagor will execute and deliver to Mortgagee any and all such further assurances, mortgages, conveyances or assignments thereof as Mortgagee

  
 D-9 

 
may reasonably require for the purpose of expressly and specifically subjecting the same to the lien and security interest of this Mortgage, subject in each case to all Permitted Liens and all
Liens permitted under Section 7.3 of the Credit Agreement. 
 SECTION 1.13 No Claims Against Mortgagee. Nothing
contained in this Mortgage shall constitute any consent or request by Mortgagee, express or implied, for the performance of any labor or services or the furnishing of any materials or other property in respect of the Mortgaged Property or any part
thereof, nor as giving Mortgagor any right, power or authority to contract for or permit the performance of any labor or services or the furnishing of any materials or other property in such fashion as would permit the making of any claim against
Mortgagee in respect thereof. 
 SECTION 1.14 Fixture Filing. 

(a) Certain portions of the Mortgaged Property are or will become “fixtures” (as that term is defined in the UCC) on
the Land, and this Mortgage, upon being filed for record in the real estate records of the county wherein such fixtures are situated, shall operate also as a financing statement filed as a fixture filing in accordance with the applicable provisions
of said UCC upon such portions of the Mortgaged Property that are or become fixtures. 
 (b) The real property to which the
fixtures relate is described in Exhibit A attached hereto. The record owner of the real property described in Exhibit A attached hereto is Mortgagor. The name, type of organization and jurisdiction of organization of the debtor for
purposes of this financing statement are the name, type of organization and jurisdiction of organization of the Mortgagor set forth in the first paragraph of this Mortgage, and the name of the secured party for purposes of this financing statement
is the name of the Mortgagee set forth in the first paragraph of this Mortgage. The mailing address of the Mortgagor/debtor is the address of the Mortgagor set forth in the first paragraph of this Mortgage. The mailing address of the
Mortgagee/secured party from which information concerning the security interest hereunder may be obtained is the address of the Mortgagee set forth in the first paragraph of this Mortgage. Mortgagor’s organizational identification number is
5191715. 
 ARTICLE II 

DEFAULTS AND REMEDIES 

SECTION 2.01 Events of Default. Any Event of Default under the Credit Agreement (as such term is defined therein) shall
constitute an Event of Default under this Mortgage. 
 SECTION 2.02 Demand for Payment. If an Event of Default shall
occur and be continuing, then, upon written demand of Mortgagee, Mortgagor will pay to Mortgagee all amounts due hereunder and the costs and expenses of collection, including reasonable attorneys’ fees, disbursements and expenses incurred by
Mortgagee, and Mortgagee shall be entitled and empowered to institute an action or proceedings at law or in equity for the collection of the sums 

  
 D-10 

 
so due and unpaid, to prosecute any such action or proceedings to judgment or final decree, to enforce any such judgment or final decree against Mortgagor and to collect, in any manner provided
by law, all moneys adjudged or decreed to be payable. 
 SECTION 2.03 Rights To Take Possession, Operate and Apply
Revenues. 
 (a) If an Event of Default shall occur and be continuing, subject to the provisions of applicable law,
Mortgagee may seek a judgment or decree conferring upon Mortgagee the right to immediate possession or requiring Mortgagor to deliver immediate possession of the Mortgaged Property to Mortgagee. Mortgagor will pay to Mortgagee, upon demand, all
reasonable expenses of obtaining such judgment or decree, including reasonable compensation to Mortgagee’s attorneys and agents with interest thereon at the rate per annum provided in Section 2.11(c)(ii) of the Credit Agreement (the
“Interest Rate”); and all such expenses and compensation shall, until paid, be secured by this Mortgage. 

(b) Upon every such entry or taking of possession, Mortgagee may, to the extent not prohibited by and subject to all applicable
law, hold, store, use, operate, manage and control the Mortgaged Property, conduct the business thereof and, from time to time, in the exercise of its commercially reasonable judgment, (i) make all necessary and proper maintenance and repairs
thereto and thereon for the reasonable preservation of Mortgagee’s security, (ii) insure or keep the Mortgaged Property insured, (iii) manage and operate the Mortgaged Property and exercise all the rights and powers of Mortgagor to
the same extent as Mortgagor could in its own name or otherwise with respect to the same, or (iv) enter into any and all agreements with respect to the exercise by others of any of the powers herein granted Mortgagee, all as may from time to
time be directed or determined by Mortgagee to be in the best interest of the Mortgaged Property and Mortgagor hereby appoints Mortgagee as its true and lawful attorney-in-fact and agent, for Mortgagor and in its name, place and stead, in any and
all capacities, to perform any of the foregoing acts. Mortgagee may collect and receive all the Rents, issues, profits and revenues from the Mortgaged Property, including those past due as well as those accruing thereafter, and, after deducting
(A) all reasonable expenses of taking, holding, managing and operating the Mortgaged Property (including reasonable compensation for the services of all persons employed for such purposes), (B) the costs of all such permitted maintenance
and repairs, (C) the costs of such insurance, (D) such taxes, assessments and other similar charges to the extent the same are due and payable, (E) other proper reasonable charges upon the Mortgaged Property or any part thereof which
are reasonably incurred in the ordinary course and which are not otherwise limited or restricted herein, and (F) the reasonable compensation, expenses and disbursements of the attorneys and agents of Mortgagee to the extent related to the
foregoing, Mortgagee shall apply the remainder of the moneys and proceeds so received first to the payment of the Mortgagee for the satisfaction of the Obligations, and second, if there is any surplus, to Mortgagor, subject to the entitlement of
others thereto under applicable law. 
 (c) Whenever, before any sale of the Mortgaged Property under Section 2.06, all
Obligations that are then due shall have been paid and all Events of Default fully cured (to the extent any such non-monetary Obligations and Events of Default are 

  
 D-11 

 
capable of being cured), Mortgagee will surrender possession of the Mortgaged Property back to Mortgagor, its successors or assigns. The same right of taking possession shall, however, arise
again if any subsequent Event of Default shall occur and be continuing. 
 SECTION 2.04 Right To Cure Mortgagor’s Failure
to Perform. Should Mortgagor fail in the payment, performance or observance of any term, covenant or condition required by this Mortgage or the Credit Agreement (with respect to the Mortgaged Property), beyond any applicable grace, notice or
cure period, Mortgagee may pay, perform or observe the same, and all payments reasonably made or costs or expenses reasonably incurred by Mortgagee in connection therewith shall be secured hereby and shall be payable upon demand to Mortgagee with
interest thereon at the Interest Rate upon submission of an invoice therefor. Mortgagee shall be the judge, using commercially reasonable discretion in good faith, of the necessity for any such actions and of the amounts to be paid. Mortgagee is
hereby empowered to enter and to authorize others to enter upon the Premises or the Improvements or any part thereof (such persons to present proof of authorization upon request) during normal business hours upon reasonable prior notice to Mortgagor
for the purpose of performing or observing any such defaulted term, covenant or condition, without having any obligation to so perform or observe and without thereby becoming liable to Mortgagor, to any person in possession holding under Mortgagor
or to any other person, for failure to perform or observe, but without any release of liability for any acts actually performed or observed. 

SECTION 2.05 Right to a Receiver. If an Event of Default shall occur and be continuing, Mortgagee, upon application to a
court of competent jurisdiction, shall be entitled to seek the appointment of a receiver to take possession of and to operate the Mortgaged Property and to collect and apply the Rents. The receiver shall have all of the rights and powers permitted
under the laws of the state wherein the Mortgaged Property is located consistent with the terms and provisions of this Mortgage. Mortgagor shall pay to Mortgagee upon demand all reasonable expenses, including reasonable receiver’s fees,
reasonable attorney’s fees and disbursements, costs and agent’s compensation incurred pursuant to the provisions of this Section 2.05; and all such expenses shall be secured by this Mortgage and shall be payable upon demand to
Mortgagee with interest thereon at the Interest Rate upon submission of an invoice therefor. 
 SECTION 2.06 Foreclosure and
Sale. 
 (a) Subject to applicable law, if an Event of Default shall occur and be continuing, Mortgagee may elect to
sell the Mortgaged Property or any part of the Mortgaged Property by exercise of the power of foreclosure or of sale granted to Mortgagee by applicable law or this Mortgage. In such case, Mortgagee may commence a civil action to foreclose this
Mortgage, or it may proceed and sell the Mortgaged Property to satisfy any Obligation. Mortgagee or an officer appointed by a judgment of foreclosure to sell the Mortgaged Property, may sell all or such parts of the Mortgaged Property as may be
chosen by Mortgagee at the time and place of sale fixed by it in a notice of sale, either as a whole or in separate lots, parcels or items as Mortgagee shall deem expedient, and in such order as it may determine, at public auction to the highest
bidder. Mortgagee or an officer appointed by a judgment of foreclosure to sell the Mortgaged Property may postpone any foreclosure or other sale of all or any portion of the Mortgaged Property by public announcement at such time and place of sale,
and from 

  
 D-12 

 
time to time thereafter may postpone such sale by public announcement or subsequently noticed sale. Without further notice, Mortgagee or an officer appointed to sell the Mortgaged Property may
make such sale at the time fixed by the last postponement, or may, in its discretion, give a new notice of sale. Any person, including Mortgagor or Mortgagee or any designee or affiliate thereof, may purchase at such sale. 

(b) The Mortgaged Property may be sold subject to unpaid taxes and Permitted Liens, and, after deducting all costs, fees and
expenses of Mortgagee (including costs of evidence of title in connection with the sale), Mortgagee or an officer that makes any sale shall apply the proceeds of sale in the manner set forth in Section 2.08. 

(c) Any foreclosure or other sale of less than the whole of the Mortgaged Property or any defective or irregular sale made
hereunder shall not exhaust the power of foreclosure or of sale provided for herein; and subsequent sales may be made hereunder until the Obligations have been satisfied, or the entirety of the Mortgaged Property has been sold. 

(d) If an Event of Default shall occur and be continuing, Mortgagee may instead of, or in addition to, exercising the rights
described in Section 2.06(a) above and either with or without entry or taking possession as herein permitted, proceed by a suit or suits in law or in equity or by any other appropriate proceeding or remedy (i) to specifically enforce
payment of some or all of the Obligations, or the performance of any term, covenant, condition or agreement of this Mortgage or any other Loan Document or any other right, or (ii) to pursue any other remedy available to Mortgagee, all as
Mortgagee shall determine most effectual for such purposes. 
 SECTION 2.07 Other Remedies. 

(a) In case an Event of Default shall occur and be continuing, Mortgagee may also exercise, to the extent not prohibited by
law, any or all of the remedies available to a secured party under the UCC. 
 (b) In connection with a sale of the Mortgaged
Property or any Personal Property and the application of the proceeds of sale as provided in Section 2.08, Mortgagee shall be entitled to enforce payment of and to receive up to the principal amount of the Obligations, plus all other charges,
payments and costs due under this Mortgage, and to recover a deficiency judgment for any portion of the aggregate principal amount of the Obligations remaining unpaid, with interest. 

SECTION 2.08 Application of Sale Proceeds and Rents. After any foreclosure sale of all or any of the Mortgaged Property,
Mortgagee shall receive and apply the proceeds of the sale together with any Rents that may have been collected and any other sums that then may be held by Mortgagee under this Mortgage as follows: 

FIRST, to the payment of all reasonable out-of-pocket costs and expenses incurred by the Mortgagee in connection with such
collection, sale, foreclosure or realization or otherwise in connection with this Mortgage, any other Loan Document or 

  
 D-13 

 
any of the Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by the Mortgagee hereunder or under any other Loan
Document on behalf of the Mortgagor and any other reasonable out-of-pocket costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document; 

SECOND, to the payment in full of Unfunded Advances; 

THIRD, to the payment in full of all other Obligations (the amounts so applied to be distributed among the Secured Parties pro
rata in accordance with the amounts of the Obligations owed to them on the date of any such distribution); 
 FOURTH, to the
Mortgagor, its successors or assigns, or as a court of competent jurisdiction may otherwise direct. 
 Upon any sale of all or any of the
Mortgaged Property by the Mortgagee (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Mortgagee or of the officer making the sale shall be a sufficient discharge to the purchaser or
purchasers of all or any of the Mortgaged Property so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Mortgagee or such officer or be answerable in any way for
the misapplication thereof. 
 SECTION 2.09 Mortgagor as Tenant Holding Over. If Mortgagor remains in possession of any
of the Mortgaged Property after any foreclosure sale by Mortgagee, at Mortgagee’s election Mortgagor shall be deemed a tenant holding over and shall forthwith surrender possession to the purchaser or purchasers at such sale or be summarily
dispossessed or evicted according to provisions of law applicable to tenants holding over. 
 SECTION 2.10 Waiver of
Appraisement, Valuation, Stay, Extension and Redemption Laws. Mortgagor waives, to the extent not prohibited by law, (i) the benefit of all laws now existing or that hereafter may be enacted (x) providing for any appraisement or
valuation of any portion of the Mortgaged Property and/or (y) in any way extending the time for the enforcement or the collection of amounts due under any of the Obligations or creating or extending a period of redemption from any sale made in
collecting said debt or any other amounts due to Mortgagee, (ii) any right to at any time insist upon, plead, claim or take the benefit or advantage of any law now or hereafter in force providing for any homestead exemption, stay, statute of
limitations, extension or redemption, or sale of the Mortgaged Property as separate tracts, units or estates or as a single parcel in the event of foreclosure or notice of deficiency, and (iii) all rights of redemption, valuation, appraisement,
stay of execution, notice of election to mature or declare due the whole of or each of the Obligations and marshaling in the event of foreclosure of this Mortgage. 

SECTION 2.11 Discontinuance of Proceedings. In case Mortgagee shall proceed to enforce any right, power or remedy under
this Mortgage by foreclosure, entry or otherwise, and such proceedings shall be discontinued or abandoned for any reason, or shall be determined adversely to Mortgagee, then and in every such case Mortgagor and Mortgagee shall be restored to their
former positions and rights hereunder, and all rights, powers and remedies of Mortgagee shall continue as if no such proceeding had been taken. 

  
 D-14 

 SECTION 2.12 Suits To Protect the Mortgaged Property. Mortgagee shall have
power in its reasonable discretion (a) to institute and maintain suits and proceedings to prevent any impairment of the Mortgaged Property by any acts that may be unlawful or in violation of this Mortgage, (b) to preserve or protect its
interest in the Mortgaged Property and in the Rents arising therefrom and (c) to restrain the enforcement of or compliance with any legislation or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if
the enforcement of or compliance with such enactment, rule or order would impair the security or be prejudicial to the interest of Mortgagee hereunder. 

SECTION 2.13 Filing Proofs of Claim. In case of any receivership, insolvency, bankruptcy, reorganization, arrangement,
adjustment, composition or other proceedings affecting Mortgagor, Mortgagee shall, to the extent permitted by law, be entitled to file such proofs of claim and other documents as may be necessary or advisable in order to have the claims of Mortgagee
allowed in such proceedings for the Obligations secured by this Mortgage at the date of the institution of such proceedings and for any interest accrued, late charges and additional interest or other amounts due or that may become due and payable
hereunder after such date. 
 SECTION 2.14 Possession by Mortgagee. Notwithstanding the appointment of any receiver,
liquidator or trustee of Mortgagor, any of its property or the Mortgaged Property, Mortgagee shall be entitled, to the extent not prohibited by law, to remain in possession and control of all parts of the Mortgaged Property now or hereafter granted
under this Mortgage to Mortgagee in accordance with the terms hereof and applicable law. 
 SECTION 2.15 Waiver. 

(a) No delay or failure by Mortgagee to exercise any right, power or remedy accruing upon any breach or Event of Default shall
exhaust or impair any such right, power or remedy or be construed to be a waiver of any such breach or Event of Default or acquiescence therein; and every right, power and remedy given by this Mortgage to Mortgagee may be exercised from time to time
and as often as may be deemed expedient by Mortgagee. No consent or waiver by Mortgagee to or of any breach or Event of Default by Mortgagor in the performance of the Obligations shall be deemed or construed to be a consent or waiver to or of any
other breach or Event of Default in the performance of the same or of any other Obligations by Mortgagor hereunder. No failure on the part of Mortgagee to complain of any act or failure to act or to declare an Event of Default, irrespective of how
long such failure continues, shall constitute a waiver by Mortgagee of its rights hereunder or impair any rights, powers or remedies consequent on any future Event of Default by Mortgagor. 

(b) Even if Mortgagee (i) grants some forbearance or an extension of time for the payment of any sums secured hereby,
(ii) takes other or additional security for the payment of any sums secured hereby, (iii) waives or does not exercise some right granted herein or under the Loan Documents, (iv) releases a part of the Mortgaged Property from this
Mortgage, (v) agrees to change some of the terms, covenants, conditions or 

  
 D-15 

 
agreements of any of the Loan Documents, (vi) consents to the filing of a map, plat or replat affecting the Premises, (vii) consents to the granting of an easement or other right
affecting the Premises or (viii) makes or consents to an agreement subordinating Mortgagee’s lien on the Mortgaged Property hereunder; no such act or omission shall preclude Mortgagee from exercising any other right, power or privilege
herein granted or intended to be granted in the event of any breach or Event of Default then made or of any subsequent default not inconsistent with such other waivers, grants or other actions; nor, except as otherwise expressly provided in an
instrument executed by Mortgagee, shall this Mortgage be altered thereby. In the event of the sale or transfer by operation of law or otherwise of all or part of the Mortgaged Property, Mortgagee is hereby authorized and empowered to deal with any
vendee or transferee with reference to the Mortgaged Property secured hereby, or with reference to any of the terms, covenants, conditions or agreements hereof, as fully and to the same extent as it might deal with the original parties hereto and
without in any way releasing or discharging any liabilities, obligations or undertakings. 
 SECTION 2.16 Waiver of Trial by
Jury. To the fullest extent permitted by applicable law, Mortgagor and Mortgagee each hereby irrevocably and unconditionally waive trial by jury in any action, claim, suit or proceeding relating to this Mortgage and for any counterclaim
brought therein. Mortgagor hereby waives all rights to interpose any counterclaim in any suit brought by Mortgagee hereunder and all rights to have any such suit consolidated with any separate suit, action or proceeding. 

SECTION 2.17 Remedies Cumulative. No right, power or remedy conferred upon or reserved to Mortgagee by this Mortgage is
intended to be exclusive of any other right, power or remedy, and each and every such right, power and remedy shall be cumulative and concurrent and in addition to any other right, power and remedy given hereunder or now or hereafter existing at law
or in equity or by statute. 
 ARTICLE III 

MISCELLANEOUS 

SECTION 3.01 Open-End Mortgage. 

(a) Mortgagor and Mortgagee intend that this Mortgage shall secure the unpaid balance of loan advances made by the holder
hereof after this Mortgage is delivered to the Butler County Recorder for record to the fullest extent and with the highest priority contemplated by Section 5301.232 of the Ohio Revised Code. The advances are obligatory, subject to
Mortgagor’s performance of all obligations on its part to be performed and subject to satisfaction of any conditions precedent to an advance, all as set forth herein or in the Credit Agreement. The maximum amount of all loan advances, in the
aggregate and exclusive of interest accrued thereon and protective advances made as contemplated in subsection (b) below, which may be outstanding at any time, is Fifty Million and No/100 Dollars ($50,000,000.00). If and to the extent
applicable, Mortgagor hereby waives any right it may have under Section 5301.232(C) of the Ohio Revised Code. 
 (b) In
addition to the loan advances referred to in subsection (a) above, Mortgagee shall have the right, but not the obligation, to make protective advances with respect to the Property for the payment of taxes, assessments, insurance premiums,
repairs, and maintenance costs, if any, incurred by reason of all or any part of the Property being classified as a “Reporting Facility” within the meaning of Ohio Revised Code Section 3725.01 and other costs incurred in the
protection of the Property as contemplated by Section 5301.233 of the Ohio Revised Code, and such protective advances, together with interest thereon at the interest rate provided in the Note from the date of each such advance until it is
repaid in full, shall be secured by this Mortgage to the fullest extent and with the highest priority contemplated by said Section 5301.233. 

  
 D-16 

 SECTION 3.02 Mechanics Lien Matters. Mortgagee is authorized to do all
things permitted or sanctioned by Ohio Revised Code 1311.14, as amended from time to time. Mortgagor shall promptly provide Mortgagee with a copy of all notices of commencement concerning the Mortgaged Property and all notices of furnishing (as
identified in Ohio Revised Code 1311.05) received by Mortgagor. 
 SECTION 3.03 Partial Invalidity. In the event any
one or more of the provisions contained in this Mortgage shall for any reason be held to be invalid, illegal or unenforceable in any respect, such validity, illegality or unenforceability shall, at the option of Mortgagee, not affect any other
provision of this Mortgage, and this Mortgage shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein or therein. 

SECTION 3.04 Notices. All notices and communications hereunder shall be in writing and given to Mortgagor in accordance
with the terms of the Credit Agreement at the address set forth on the first page of this Mortgage and to the Mortgagee as provided in the Credit Agreement. 

SECTION 3.05 Successors and Assigns. All of the grants, covenants, terms, provisions and conditions herein shall run with
the Premises and the Improvements and shall apply to, bind and inure to, the benefit of the permitted successors and assigns of Mortgagor and the successors and assigns of Mortgagee. 

SECTION 3.06 Satisfaction and Cancellation. 

(a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall be null
and void when all the Obligations (other than contingent indemnification obligations for which no claim has been made) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement. 

(b) Upon a sale or financing by Mortgagor of all or any portion of the Mortgaged Property that is permitted by the Credit
Agreement and the application of the Net Cash Proceeds of such sale or financing in accordance with the terms of the Credit Agreement, the lien of this Mortgage shall be released from the applicable portion of the Mortgaged Property. Mortgagor shall
give the Mortgagee reasonable written notice of any sale or financing of the Mortgaged Property prior to the closing of such sale or financing. 

(c) In connection with any termination or release pursuant to paragraph (a), the Mortgage shall be marked
“satisfied” by the Mortgagee, and this Mortgage shall be canceled of record at the request and at the expense of the Mortgagor. Mortgagee shall execute any documents reasonably requested by Mortgagor to accomplish the foregoing or to
accomplish any release contemplated by this Section 3.06 and Mortgagor will pay all costs and expenses, including reasonable attorneys’ fees, disbursements and other charges, incurred by Mortgagee in connection with the preparation and
execution of such documents. 

  
 D-17 

 SECTION 3.07 Definitions. As used in this Mortgage, the singular shall
include the plural as the context requires and the following words and phrases shall have the following meanings: (a) “including” shall mean “including but not limited to”; (b) “provisions” shall mean
“provisions, terms, covenants and/or conditions”; (c) “lien” shall mean “lien, charge, encumbrance, security interest, mortgage or deed of trust”; (d) “obligation” shall mean “obligation, duty,
covenant and/or condition”; and (e) “any of the Mortgaged Property” shall mean “the Mortgaged Property or any part thereof or interest therein”. Any act that Mortgagee is permitted to perform hereunder may be performed
at any time and from time to time by Mortgagee or any person or entity designated by Mortgagee. Any act that is prohibited to Mortgagor hereunder is also prohibited to all lessees of any of the Mortgaged Property. Each appointment of Mortgagee as
attorney-in-fact for Mortgagor under the Mortgage is irrevocable, with power of substitution and coupled with an interest. Subject to the applicable provisions hereof, Mortgagee has the right to refuse to grant its consent, approval or acceptance or
to indicate its satisfaction, in its sole discretion, whenever such consent, approval, acceptance or satisfaction is required hereunder. 

SECTION 3.08 Multisite Real Estate Transaction. Mortgagor acknowledges that this Mortgage is one of a number of Other
Mortgages and other Security Documents that secure the Obligations. Mortgagor agrees that the lien of this Mortgage shall be absolute and unconditional and shall not in any manner be affected or impaired by any acts or omissions whatsoever of
Mortgagee, and without limiting the generality of the foregoing, the lien hereof shall not be impaired by any acceptance by the Mortgagee of any security for or guarantees of any of the Obligations hereby secured, or by any failure, neglect or
omission on the part of Mortgagee to realize upon or protect any Obligation or indebtedness hereby secured or any collateral security therefor including the Other Mortgages and other Security Documents. The lien hereof shall not in any manner be
impaired or affected by any release (except as to the property released), sale, pledge, surrender, compromise, settlement, renewal, extension, indulgence, alteration, changing, modification or disposition of any of the Obligations secured or of any
of the collateral security therefor, including the Other Mortgages and other Security Documents or of any guarantee thereof, and Mortgagee may at its discretion foreclose, exercise any power of sale, or exercise any other remedy available to it
under any or all of the Other Mortgages and other Security Documents without first exercising or enforcing any of its rights and remedies hereunder. Such exercise of Mortgagee’s rights and remedies under any or all of the Other Mortgages and
other Security Documents shall not in any manner impair the indebtedness hereby secured or the lien of this Mortgage and any exercise of the rights or 

  
 D-18 

 
remedies of Mortgagee hereunder shall not impair the lien of any of the Other Mortgages and other Security Documents or any of Mortgagee’s rights and remedies thereunder. Mortgagor
specifically consents and agrees that Mortgagee may exercise its rights and remedies hereunder and under the Other Mortgages and other Security Documents separately or concurrently and in any order that it may deem appropriate and waives any rights
of subrogation. 
 SECTION 3.09 No Oral Modification. This Mortgage may not be changed or terminated orally. Any
agreement made by Mortgagor and Mortgagee after the date of this Mortgage relating to this Mortgage shall be superior to the rights of the holder of any intervening or subordinate Mortgage, lien or encumbrance. 

SECTION 3.10 Intercreditor Agreement. The Mortgagee shall exercise all rights and remedies under this Mortgage and with
respect to the Mortgaged Property in a manner that is consistent with the terms of the Intercreditor Agreement. 
 ARTICLE IV 

PARTICULAR PROVISIONS 

This Mortgage is subject to the following provisions relating to the particular laws of the state wherein the Premises are located: 

SECTION 4.01 Applicable Law; Certain Particular Provisions. This Mortgage shall be governed by and construed in
accordance with the internal law of the state of Ohio (without regard to principles of conflict of law) with respect to matters involving the creation, interpretation and enforcement hereof, except that Mortgagor expressly acknowledges and agrees
that by their terms, the Credit Agreement and other Loan Documents (aside from those Other Mortgages to be recorded outside New York) shall be governed by the internal law of the State of New York, without regard to principles of conflict of law.
Mortgagor and Mortgagee agree to submit to jurisdiction and the laying of venue for any suit on this Mortgage in the state where the Mortgaged Property is located. 

[Remainder of page intentionally left blank] 

  
 D-19 

 IN WITNESS WHEREOF, this Mortgage has been duly executed and delivered to Mortgagee by Mortgagor
on the date of the acknowledgment attached hereto. 
  

			
	[COMPANY NAME]
		
	By:	 	  

		 	Name:
		 	Title:

  

					
	STATE OF                     	 	)	 	
			
		 	:	 	SS:
			
	COUNTY OF                     	 	)	 	

 The foregoing instrument was acknowledged before me this      day
            , 2015 by [    ]. 
  

	
	  

	Notary Public

 This instrument was prepared by: 

[    ] 

 EXHIBIT A 

[    ] 

  
 D-1 

 EXHIBIT E 

FORM OF 
 ASSIGNMENT AND
ASSUMPTION 
 Reference is made to the Term Loan Credit Agreement, dated as of November 3, 2015 (as amended, restated, supplemented
or otherwise modified from time to time, the “Term Loan Credit Agreement”), among SunCoke Energy Partners, L.P. (the “MLP”) and each direct or indirect subsidiary of the MLP named as a Borrower thereunder (together
with the MLP, the “Borrowers”), the Lenders party thereto from time to time and Bank of America, N.A., as Administrative Agent. Unless otherwise defined herein, terms defined in the Term Loan Credit Agreement and used herein shall
have the meanings given to them in the Term Loan Credit Agreement. 
 The Assignor identified on Schedule l hereto (the
“Assignor”) and the Assignee identified on Schedule l hereto (the “Assignee”) agree as follows: 
 1. The
Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably purchases and assumes from the Assignor without recourse to the Assignor, as of the Effective Date (as defined
below), the interest described in Schedule 1 hereto (the “Assigned Interest”) in and to the Assignor’s rights and obligations under the Term Loan Credit Agreement (the “Assigned Facility”), in a principal
amount for the Assigned Facility as set forth on Schedule 1 hereto. 
 2. The Assignor (a) makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Term Loan Credit Agreement or any other Loan Document or with respect to the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Term Loan Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto, other than that the Assignor has not created any adverse claim upon the interest being
assigned by it hereunder and that such interest is free and clear of any such adverse claim and (b) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower, any of their
respective Affiliates or any other obligor or the performance or observance by any Borrower, any of their respective Affiliates or any other obligor of any of their respective obligations under the Term Loan Credit Agreement or any other Loan
Document or any other instrument or document furnished pursuant hereto or thereto. 
 3. The Assignee (a) represents and warrants that
it is legally authorized to enter into this Assignment and Assumption; (b) confirms that it has received a copy of the Term Loan Credit Agreement, together with copies of the financial statements delivered pursuant to Section 6.1 thereof
and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption; (c) agrees that it will, independently and without reliance upon the Assignor, the
Agents or any Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Term Loan Credit Agreement, the other Loan Documents or any
other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes the Agents to take such action as agent on 

  
 E-1 

 
its behalf and to exercise such powers and discretion under the Term Loan Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto as
are delegated to the Agents by the terms thereof, together with such powers as are incidental thereto; and (e) agrees that it will be bound by the provisions of the Term Loan Credit Agreement and will perform in accordance with its terms all
the obligations which by the terms of the Term Loan Credit Agreement are required to be performed by it as a Lender including its obligations pursuant to Section 2.16 of the Term Loan Credit Agreement. 

4. The effective date of this Assignment and Assumption shall be the Effective Date of Assignment described in Schedule 1 hereto (the
“Effective Date”). Following the execution of this Assignment and Assumption, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the Term Loan Credit
Agreement, effective as of the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than five Business Days after the date of such acceptance and recording by the Administrative Agent). 

5. Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of the
Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to the Effective Date and to the Assignee for amounts which have accrued subsequent to the Effective Date. 

6. From and after the Effective Date, (a) the Assignee shall be a party to the Term Loan Credit Agreement and, to the extent provided in
this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided in this Assignment and
Assumption, relinquish its rights and be released from its obligations under the Term Loan Credit Agreement. 
 7. This Assignment and
Assumption shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 
 IN WITNESS WHEREOF,
the parties hereto have caused this Assignment and Assumption to be executed as of the date first above written by their respective duly authorized officers on Schedule 1 hereto. 

  
 E-2 

 SCHEDULE 1 

TO ASSIGNMENT AND ASSUMPTION 
  

							
	Name of Assignor:	 	  
	  		  	
	Name of Assignee:	 	  
	  		  	

							
	Effective Date of Assignment:	 	  
	 		 	

  

	
	 Principal Amount

Assigned

	
	 $            

  

									
	[Name of Assignee]	 		 	[Name of Assignor]
					
	By:	 	  
	 		 	By:	 	  

		 	Title	 		 		 	Title
			
	 Accepted for Recordation in the Register:

BANK OF AMERICA, N.A., as Administrative Agent
	 		 	 Required Consents (if any):
 SUNCOKE
ENERGY PARTNERS, L.P., as Borrowers’ Agent1

					
	By:	 	  
	 		 	By:	 	  

		 	Title	 		 		 	Title
				
		 		 		 	BANK OF AMERICA, N.A., as Administrative Agent
					
		 		 		 	By:	 	  

		 		 		 		 	Title

  

	1 	Borrowers’ Agent’s signature not required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, any other Person.

  
 E-3 

 EXHIBIT F-1 

FORM OF 
 U.S. TAX
CERTIFICATE 
 [DATE] 

Reference is made to the Term Loan Credit Agreement, dated as of November 3, 2015 (as amended, restated, supplemented or otherwise
modified from time to time, the “Term Loan Credit Agreement”), among SunCoke Energy Partners, L.P. (the “MLP”) and each direct or indirect subsidiary of the MLP named as a Borrower thereunder (together with the MLP, the
“Borrowers”), the Lenders party thereto from time to time and Bank of America, N.A., as Administrative Agent. Unless otherwise defined herein, terms defined in the Term Loan Credit Agreement and used herein shall have the meanings
given to them in the Term Loan Credit Agreement. 
 The undersigned certifies that (a) it is the sole record and beneficial owner of
the Loans, (b) it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (c) it is not a “10 percent shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the Code and
(d) it is not a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code. 
 The undersigned has
furnished the Administrative Agent and the Borrowers’ Agent with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the
information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers’ Agent and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrowers’ Agent and the
Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

 

					
	[NAME OF LENDER],
			
		 	by	 	
		
		 	  

		 	Name:	 	
		 	Title:	 	
	
	For any Person requiring a second signature block:
			
		 	by	 	
		
		 	  

		 	Name:	 	
		 	Title:	 	
		 	Address:	 	

  
 F-1-1 

 EXHIBIT F-2 

FORM OF 
 U.S. TAX
CERTIFICATE 
 [DATE] 

Reference is made to the Term Loan Credit Agreement, dated as of November 3, 2015 (as amended, restated, supplemented or otherwise
modified from time to time, the “Term Loan Credit Agreement”), among SunCoke Energy Partners, L.P. (the “MLP”) and each direct or indirect subsidiary of the MLP named as a Borrower thereunder (together with the MLP, the
“Borrowers”), the Lenders party thereto from time to time and Bank of America, N.A., as Administrative Agent. Unless otherwise defined herein, terms defined in the Term Loan Credit Agreement and used herein shall have the meanings
given to them in the Term Loan Credit Agreement. 
 The undersigned hereby certifies that (i) it is the sole record owner of the Loans
in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loans, (iii) with respect to the extension of credit pursuant to this Term Loan Credit Agreement or
any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect
partners/members is a “controlled foreign corporation” as described in Section 881(c)(3)(C) of the Code. 
 The undersigned
has furnished the Administrative Agent and the Borrowers’ Agent with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or
IRS Form W-8BEN-E, applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By
executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers’ Agent and the Administrative Agent, and (2) the undersigned
shall have at all times furnished the Borrowers’ Agent and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either
of the two calendar years preceding such payments. 
  

			
	[NAME OF LENDER],
		
	by	 	
	
	  

	Name:	 	
	Title:	 	

  
 F-2-1 

 EXHIBIT G 

FORM OF 
 NOTE 

[Date] 
 FOR VALUE RECEIVED, each
of the undersigned, SunCoke Energy Partners, L.P., a Delaware limited partnership (the “MLP”), Haverhill Coke Company LLC, a Delaware limited liability company, Middletown Coke Company, LLC, a Delaware limited liability company,
Haverhill Cogeneration Company LLC, a Delaware limited liability company, Middletown Cogeneration Company LLC, a Delaware limited liability company, SunCoke Lake Terminal LLC, a Delaware limited liability company, SunCoke Logistics LLC, a Delaware
limited liability company, Marigold Dock, Inc., a Delaware corporation, Ceredo Liquid Terminal, LLC, a Delaware limited liability company, Kanawha River Terminals, LLC, a Delaware limited liability company, Gateway Energy & Coke Company,
LLC, a Delaware limited liability company and Gateway Cogeneration Company LLC, a Delaware limited liability company (each a “Borrower” and, collectively, the “Borrowers”), hereby jointly and severally promises to
pay to [                    ] (the “Lender”) or its registered assigns, in accordance with the provisions of the Term Loan Credit
Agreement (as defined herein), in immediately available funds to the Administrative Agent for the account of the Lender at the Funding Office (A) on the dates set forth in the Term Loan Credit Agreement, the lesser of (i) the principal
amount set forth above and (ii) the aggregate unpaid principal amount of the Term Loan made by the Lender to Borrowers pursuant to the Term Loan Credit Agreement, and (B) interest from the date hereof on the principal amount from time to
time outstanding on the Term Loan at the rate or rates per annum and payable on such dates, as provided in the Term Loan Credit Agreement. 

Reference is made to the Term Loan Credit Agreement, dated as of November 3, 2015 (as amended, restated, supplemented or otherwise
modified from time to time, the “Term Loan Credit Agreement”), among the Borrowers, the lenders party thereto from time to time and Bank of America, N.A., as Administrative Agent. Unless otherwise defined herein, terms defined in
the Term Loan Credit Agreement and used herein shall have the meanings given to them in the Term Loan Credit Agreement. 
 Each Borrower
jointly and severally promises to pay interest, on demand, on any overdue principal and, to the extent permitted by law, overdue interest from their due dates at a rate or rates provided in the Term Loan Credit Agreement. 

Each Borrower hereby waives diligence, presentment, demand, protest and notice of any kind whatsoever. The nonexercise by the holder hereof of
any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any subsequent instance. 
 All
borrowings evidenced by this note and all payments and prepayments of the principal hereof and interest hereon and the respective dates thereof shall be endorsed by the holder hereof on the schedule attached hereto and made a part hereof or on a
continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded by such holder in its internal records; provided, however, that the failure of the holder hereof to make such a notation or any error in
such notation shall not affect the obligations of the Borrowers under this note. 

  
 G-1 

 This note is one of the Notes referred to in the Term Loan Credit Agreement that, among other
things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for optional prepayment of the principal hereof prior to the maturity hereof and for the amendment or waiver of certain provisions of the
Term Loan Credit Agreement, all upon the terms and conditions therein specified. 
 For the avoidance of doubt, to the extent that any
provision herein conflicts with any provision, term or condition set forth in the Term Loan Credit Agreement, the applicable Term Loan Credit Agreement provision, term or condition shall control. 

THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE TERM LOAN CREDIT AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
 G-2 

 
					
	SUNCOKE ENERGY PARTNERS, L.P.
	By:	 	SunCoke Energy Partners GP LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	HAVERHILL COKE COMPANY LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	MIDDLETOWN COKE COMPANY, LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	HAVERHILL COGENERATION COMPANY LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	MIDDLETOWN COGENERATION COMPANY LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	SUNCOKE LAKE TERMINAL LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	SUNCOKE LOGISTICS LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 G-3 

 
					
	MARIGOLD DOCK, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	CEREDO LIQUID TERMINAL, LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	KANAWHA RIVER TERMINALS, LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	GATEWAY ENERGY & COKE COMPANY, LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	GATEWAY COGENERATION COMPANY LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 G-4 

 LOANS AND PAYMENTS 

 

											
	 Date
	  	Amount of
Loan	  	Maturity
Date	  	Payments of
Principal/Interest	  	Principal
Balance of
Note	  	Name of
Person
Making the
Notation
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  
 G-5 

 EXHIBIT H 

FORM OF 
 LOAN NOTICE

 Date:             ,          

To: Bank of America, N.A., as Administrative Agent 
 Ladies and
Gentlemen: 
 Reference is made to that certain Term Loan Credit Agreement, dated as of November 3, 2015 (as amended, restated, extended, supplemented
or otherwise modified in writing from time to time, the “Term Loan Credit Agreement;” the terms defined therein being used herein as therein defined), among SunCoke Energy Partners, L.P., a Delaware limited partnership and certain
subsidiaries (collectively, the “Borrower”), the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent. 

The undersigned hereby requests (select one): 
  ̈ A Borrowing 
  ̈ A conversion or continuation 

 

	 	1.	On                      (a Business Day). 

 

	 	2.	In the amount of $        . 

  

	 	3.	Comprised of                     . [Type of Loan requested] 

 

	 	4.	For Eurodollar Loans: with an Interest Period of      months. 

 The Borrowers’ Agent
hereby represents and warrants that (i) such request complies with the requirements of the Term Loan Credit Agreement and (ii) each of the applicable conditions set forth in the Term Loan Credit Agreement have been satisfied on and as of
the date of such request. 
  

			
	SUNCOKE ENERGY PARTNERS, L.P.
	By:	 	SunCoke Energy Partners GP LLC
		
	By:	 	  

	Name:	 	
	Title:Exhibit 10.1

 

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

Federated National Insurance Company

Sunrise, Florida

 

		

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

Federated National Insurance Company

Sunrise, Florida

 

First Excess Catastrophe

	
Reinsurer(s)

	 	
Participation(s)

	 
	 	 		 
	
Arch Reinsurance Ltd.*

	 	 	
3.60

	
%

	
Argo Re Ltd.

	 	 	
0.95

	
%

	
Aspen Bermuda Limited

	 	 	
1.25

	
%

	
Endurance Specialty Insurance Ltd.

	 	 	
15.00

	
%

	
Everest Reinsurance Company

	 	 	
12.00

	
%

	
Hamilton Re, Ltd.

	 	 	
4.00

	
%

	
Partner Reinsurance Company Ltd.*

	 	 	
2.00

	
%

	
RLI Insurance Company

	 	 	
3.20

	
%

	
Transatlantic Reinsurance Company

	 	 	
2.00

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield (Placement Only)

	 	 	 	 
	
Amlin Bermuda, branch of Amlin AG

	 	 	
2.50

	
%

	
China Reinsurance (Group) Corporation

	 	 	
0.50

	
%

	
General Insurance Corporation of India

	 	 	
2.50

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield

	 	 	 	 
	
Lloyd's Underwriters Per Signing Page(s)*

	 	 	
8.50

	
%

	
SCOR Global P&C SE, Paris, Zurich Branch*

	 	 	
2.00

	
%

	
Total

	 	 	
60.00

	
%

 

	
 

Page 1 of 4

	

Second Excess Catastrophe

	
Reinsurer(s)

	 	
Participation(s)

	 
	 	 		 
	
ACE Tempest Reinsurance Ltd.

	 	 	
9.50

	
%

	
American Standard Insurance Company of Wisconsin

	 	 	
1.00

	
%

	
Arch Reinsurance Ltd.*

	 	 	
7.00

	
%

	
Argo Re Ltd.

	 	 	
0.75

	
%

	
Ariel Re Bda Limited for and on behalf of Ariel Syndicate No. 1910*

	 	 	
4.00

	
%

	
Aspen Bermuda Limited

	 	 	
2.30

	
%

	
DaVinci Reinsurance Ltd.

	 	 	
1.90

	
%

	
Endurance Specialty Insurance Ltd.

	 	 	
17.50

	
%

	
Everest Reinsurance Company

	 	 	
10.00

	
%

	
Hamilton Re, Ltd.

	 	 	
4.00

	
%

	
Hiscox Insurance Company (Bermuda) Limited

	 	 	
0.90

	
%

	
Partner Reinsurance Company Ltd.*

	 	 	
10.00

	
%

	
Renaissance Reinsurance Ltd.

	 	 	
2.85

	
%

	
RLI Insurance Company

	 	 	
1.80

	
%

	
Transatlantic Reinsurance Company

	 	 	
5.00

	
%

	
XL Re Ltd

	 	 	
3.00

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield (Placement Only)

	 	 	 	 
	
Amlin Bermuda, branch of Amlin AG

	 	 	
0.75

	
%

	
Ascot Underwriting (Bermuda) Limited for and on behalf of American International Reinsurance Company, Ltd.

	 	 	
3.00

	
%

	
China Reinsurance (Group) Corporation

	 	 	
0.75

	
%

	
General Insurance Corporation of India

	 	 	
2.00

	
%

	
Liberty Syndicates LIB 4472, Paris Office Underwriting for and on behalf of Lloyd's Syndicate No. 4472

	 	 	
0.50

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield

	 	 	 	 
	
Lloyd's Underwriters Per Signing Page(s)*

	 	 	
11.50

	
%

	
Total

	 	 	
100.00

	
%

 

	
 

Page 2 of 4

	

Third Excess Catastrophe

 

	
Reinsurer(s)

	 	
Participation(s)

	 
	 	 		 
	
Allied World Assurance Company, Ltd

	 	 	
10.00

	
%

	
American Standard Insurance Company of Wisconsin

	 	 	
1.50

	
%

	
Argo Re Ltd.

	 	 	
3.25

	
%

	
Ariel Re Bda Limited for and on behalf of Ariel Syndicate No. 1910*

	 	 	
4.00

	
%

	
Aspen Bermuda Limited

	 	 	
2.35

	
%

	
BGS Services (Bermuda) Limited  for and on behalf of Lloyd's Syndicate No. 2987

	 	 	
4.50

	
%

	
Hamilton Re, Ltd.

	 	 	
2.00

	
%

	
Odyssey Reinsurance Company

	 	 	
2.00

	
%

	
Qatar Reinsurance Company LLC

	 	 	
1.25

	
%

	
QBE Reinsurance Corporation

	 	 	
0.40

	
%

	
Tokio Millennium Re AG (Bermuda Branch)

	 	 	
2.25

	
%

	
Transatlantic Reinsurance Company

	 	 	
11.00

	
%

	
XL Re Ltd

	 	 	
4.50

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield (Placement Only)

	 	 	 	 
	
Amlin Bermuda, branch of Amlin AG

	 	 	
3.00

	
%

	
Ascot Underwriting (Bermuda) Limited for and on behalf of American International Reinsurance Company, Ltd.

	 	 	
13.00

	
%

	
China Reinsurance (Group) Corporation

	 	 	
0.75

	
%

	
General Insurance Corporation of India

	 	 	
2.00

	
%

	
Liberty Syndicates LIB 4472, Paris Office Underwriting for and on behalf of  Lloyd's Syndicate No. 4472

	 	 	
0.50

	
%

	
Peak Reinsurance Company Limited

	 	 	
2.00

	
%

	
Pioneer Underwriting Limited for and on behalf of Peak Reinsurance Company Limited

	 	 	
0.60

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield

	 	 	 	 
	
Lloyd's Underwriters Per Signing Page(s)*

	 	 	
29.15

	
%

	
Total

	 	 	
100.00

	
%

 

	
 

Page 3 of 4

	

Fourth Excess Catastrophe

	
Reinsurer(s)

	 	
Participation(s)

	 
	 	 		 
	
ACE Tempest Reinsurance Ltd.

	 	 	
2.00

	
%

	
Allied World Assurance Company, Ltd

	 	 	
4.50

	
%

	
American Agricultural Insurance Company

	 	 	
0.50

	
%

	
American Standard Insurance Company of Wisconsin

	 	 	
2.75

	
%

	
Arch Reinsurance Ltd.*

	 	 	
6.00

	
%

	
Aspen Bermuda Limited

	 	 	
2.50

	
%

	
BGS Services (Bermuda) Limited for and on behalf of Lloyd's Syndicate No. 2987

	 	 	
4.50

	
%

	
DaVinci Reinsurance Ltd.

	 	 	
3.06

	
%

	
Hamilton Re, Ltd.

	 	 	
2.00

	
%

	
Odyssey Reinsurance Company

	 	 	
1.95

	
%

	
Partner Reinsurance Company Ltd.*

	 	 	
1.50

	
%

	
Qatar Reinsurance Company LLC

	 	 	
1.50

	
%

	
QBE Reinsurance Corporation

	 	 	
0.40

	
%

	
Renaissance Reinsurance Ltd.

	 	 	
4.59

	
%

	
Transatlantic Reinsurance Company

	 	 	
7.00

	
%

	
XL Re Ltd

	 	 	
7.00

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield (Placement Only)

	 	 	 	 
	
Amlin Bermuda, branch of Amlin AG

	 	 	
3.00

	
%

	
Ascot Underwriting (Bermuda) Limited for and on behalf of American International Reinsurance Company, Ltd.

	 	 	
5.50

	
%

	
China Reinsurance (Group) Corporation

	 	 	
0.75

	
%

	
Fubon Insurance Co., Ltd.

	 	 	
1.50

	
%

	
General Insurance Corporation of India

	 	 	
2.00

	
%

	
Liberty Syndicates LIB 4472, Paris Office Underwriting for and on behalf of Lloyd's Syndicate No. 4472

	 	 	
1.00

	
%

	
Peak Reinsurance Company Limited

	 	 	
2.00

	
%

	
Pioneer Underwriting Limited for and on behalf of Peak Reinsurance Company Limited

	 	 	
1.00

	
%

	
Pioneer Underwriting Limited for and on behalf of Taiping Reinsurance Co. Ltd.

	 	 	
1.00

	
%

	 	 	 	 	 
	
Through Aon UK Limited trading as Aon Benfield

	 	 	 	 
	
Lloyd's Underwriters Per Signing Page(s)*

	 	 	
30.50

	
%

	
Total

	 	 	
100.00

	
%

*Both the Company and the Subscribing Reinsurer sign the Interests and Liabilities Agreement.

 

	
 

Page 4 of 4

	

Table of Contents

	
Article

		
Page

	 	 	 
	
1

	
Classes of Business Reinsured

	
1

	
2

	
Commencement and Termination

	
1

	
3

	
Territory

	
3

	
4

	
Exclusions

	
3

	
5

	
Retention and Limit

	
4

	
6

	
Florida Hurricane Catastrophe Fund

	
5

	
7

	
Other Reinsurance

	
5

	
8

	
Reinstatement

	
6

	
9

	
Definitions

	
6

	
10

	
Loss Occurrence

	
8

	
11

	
Loss Notices and Settlements

	
9

	
12

	
Cash Call

	
9

	
13

	
Salvage and Subrogation

	
9

	
14

	
Reinsurance Premium

	
10

	
15

	
Sanctions

	
11

	
16

	
Late Payments

	
11

	
17

	
Offset

	
12

	
18

	
Access to Records

	
12

	
19

	
Liability of the Reinsurer

	
12

	
20

	
Net Retained Lines (BRMA 32E)

	
13

	
21

	
Errors and Omissions (BRMA 14F)

	
13

	
22

	
Currency (BRMA 12A)

	
13

	
23

	
Taxes (BRMA 50B)

	
13

	
24

	
Federal Excise Tax (BRMA 17D)

	
14

	
25

	
Foreign Account Tax Compliance Act

	
14

	
26

	
Reserves

	
14

	
27

	
Insolvency

	
15

	
28

	
Arbitration

	
16

	
29

	
Service of Suit (BRMA 49C)

	
17

	
30

	
Severability (BRMA 72E)

	
17

	
31

	
Governing Law (BRMA 71B)

	
18

	
32

	
Confidentiality

	
18

	
33

	
Non-Waiver

	
19

	
34

	
Notices and Contract Execution

	
19

	
35

	
Intermediary

	
20

	 	
Schedule A

	 

	
 

 

	

Excess Catastrophe Reinsurance Contract

Effective: July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

(hereinafter referred to as the "Company")

and

The Subscribing Reinsurer(s) Executing the

Interests and Liabilities Agreement(s)

Attached Hereto

(hereinafter referred to as the "Reinsurer")

Article 1 - Classes of Business Reinsured

By this Contract the Reinsurer agrees to reinsure the excess liability which may accrue to the Company under its policies in force at the effective time and date hereof or issued or renewed at or after that time and date, and classified by the Company as Property business, including but not limited to, Dwelling Fire, Inland Marine, Mobile Home, Commercial and Homeowners business (including any business assumed from Citizens Property Insurance Corporation), subject to the terms, conditions and limitations set forth herein and in Schedule A attached hereto.

Article 2 - Commencement and Termination

	A.	This Contract shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, with respect to losses arising out of loss occurrences commencing at or after that time and date, and shall remain in force until 12:01 a.m., Eastern Standard Time, July 1, 2016.

	B.	Notwithstanding the provisions of paragraph A above, the Company may terminate a Subscribing Reinsurer's percentage share in this Contract at any time by giving written notice to the Subscribing Reinsurer in the event any of the following circumstances occur:

		1.	The Subscribing Reinsurer's policyholders' surplus (or its equivalent under the Subscribing Reinsurer's accounting system) at the inception of this Contract has been reduced by 20.0% or more of the amount of surplus (or the applicable equivalent) 12 months prior to that date; or

		2.	The Subscribing Reinsurer's policyholders' surplus (or its equivalent under the Subscribing Reinsurer's accounting system) at any time during the term of this Contract has been reduced by 20.0% or more of the amount of surplus (or the applicable equivalent) at the date of the Subscribing Reinsurer's most recent financial statement filed with regulatory authorities and available to the public as of the inception of this Contract; or

 

	
 

Page 1

	

		3.	The Subscribing Reinsurer's A.M. Best's rating has been assigned or downgraded below A- and/or Standard & Poor's rating has been assigned or downgraded below BBB+; or

		4.	The Subscribing Reinsurer has become, or has announced its intention to become, merged with, acquired by or controlled by any other entity or individual(s) not controlling the Subscribing Reinsurer's operations previously; or

		5.	A State Insurance Department or other legal authority has ordered the Subscribing Reinsurer to cease writing business; or

		6.	The Subscribing Reinsurer has become insolvent or has been placed into liquidation, receivership, supervision, administration, winding-up or under a scheme of arrangement, or similar proceedings (whether voluntary or involuntary) or proceedings have been instituted against the Subscribing Reinsurer for the appointment of a receiver, liquidator, rehabilitator, supervisor, administrator, conservator or trustee in bankruptcy, or other agent known by whatever name, to take possession of its assets or control of its operations; or

		7.	The Subscribing Reinsurer has reinsured its entire liability under this Contract without the Company's prior written consent; or

		8.	The Subscribing Reinsurer has ceased assuming new or renewal property or casualty treaty reinsurance business; or

		9.	The Subscribing Reinsurer has hired an unaffiliated runoff claims manager that is compensated on a contingent basis or is otherwise provided with financial incentives based on the quantum of claims paid; or

		10.	The Subscribing Reinsurer has failed to comply with the funding requirements set forth in the Reserves Article.

	C.	The "term of this Contract" as used herein shall mean the period from 12:01 a.m., Eastern Standard Time, July 1, 2015 to 12:01 a.m., Eastern Standard Time, July 1, 2016.  However, if this Contract is terminated, the "term of this Contract" as used herein shall mean the period from 12:01 a.m., Eastern Standard Time, July 1, 2015 to the effective time and date of termination.

	D.	If this Contract is terminated or expires while a loss occurrence covered hereunder is in progress, the Reinsurer's liability hereunder shall, subject to the other terms and conditions of this Contract, be determined as if the entire loss occurrence had occurred prior to the termination or expiration of this Contract, provided that no part of such loss occurrence is claimed against any renewal or replacement of this Contract.

 

	
 

Page 2

	

Article 3 - Territory

The territorial limits of this Contract shall be identical with those of the Company's policies.

Article 4 - Exclusions

	A.	This Contract does not apply to and specifically excludes the following:

		1.	Reinsurance assumed by the Company under obligatory reinsurance agreements, except business assumed by the Company from Citizens Property Insurance Corporation.

		2.	Hail damage to growing or standing crops.

		3.	Business rated, coded or classified as Flood insurance or which should have been rated, coded or classified as such.

		4.	Business rated, coded or classified as Mortgage Impairment and Difference in Conditions insurance or which should have been rated, coded or classified as such.

		5.	Title insurance and all forms of Financial Guarantee, Credit and Insolvency.

		6.	Aviation, Ocean Marine, Boiler and Machinery, Fidelity and Surety, Accident and Health, Animal Mortality and Workers Compensation and Employers Liability.

		7.	Errors and Omissions, Malpractice and any other type of Professional Liability insurance.

		8.	Loss and/or damage and/or costs and/or expenses arising from seepage and/or pollution and/or contamination, other than contamination from smoke.  Nevertheless, this exclusion does not preclude payment of the cost of removing debris of property damaged by a loss otherwise covered hereunder, subject always to a limit of 25.0% of the Company's property loss under the applicable original policy.

		9.	Loss or liability as excluded under the provisions of the "War Exclusion Clause" attached to and forming part of this Contract.

		10.	Nuclear risks as defined in the "Nuclear Incident Exclusion Clause - Physical Damage - Reinsurance (U.S.A.)" attached to and forming part of this Contract.

		11.	Loss or liability from any Pool, Association or Syndicate and any assessment or similar demand for payment related to the FHCF or Citizens Property Insurance Corporation.

		12.	Loss or liability of the Company arising by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund.  "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, however denominated, established or governed, which provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part.

 

	
 

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		13.	Losses in the respect of overhead transmission and distribution lines other than those on or within 150 meters (or 500 feet) of the insured premises.

		14.	Mold, unless resulting from a peril otherwise covered under the policy involved.

		15.	Loss or liability as excluded under the provisions of the "Terrorism Exclusion" attached to and forming part of this Contract.

		16.	All property loss, damage, destruction, erasure, corruption or alteration of Electronic Data from any cause whatsoever (including, but not limited to, Computer Virus) or loss of use, reduction in functionality, cost, expense or whatsoever nature resulting therefrom, unless resulting from a peril otherwise covered under the policy involved.

"Electronic Data" as used herein means facts, concepts and information converted to a form usable for communications, interpretation or processing by electronic and electromechanical data processing or electronically-controlled equipment and includes programs, software and other coded instructions for the processing and manipulation of data or the direction and manipulation of such equipment.

"Computer Virus" as used herein means a set of corrupting, harmful or otherwise unauthorized instructions or code, including a set of maliciously-introduced, unauthorized instructions or code, that propagate themselves through a computer system network of whatsoever nature.

However, in the event that a peril otherwise covered under the policy results from any of the matters described above, this Contract, subject to all other terms and conditions, will cover physical damage directly caused by such listed peril.

Article 5 - Retention and Limit

	A.	The Company shall retain and be liable for the first $21,500,000 of ultimate net loss arising out of each loss occurrence.  The Reinsurer shall then be liable, as respects each excess layer, for the amount by which such ultimate net loss exceeds the Company's retention, but the liability of the Reinsurer under each excess layer shall not exceed the amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, as respects any one loss occurrence.

Whether a loss occurrence results in an ultimate net loss under one or more of the excess layers set forth in Schedule A attached hereto, the Company's retention will not exceed the first $21,500,000 of ultimate net loss arising out of such loss occurrence.

	B.	Recoveries shall always be made, in the first instance, under the lowest excess layer that is not entirely exhausted.  If there is any amount of ultimate net loss arising out of a loss occurrence in excess of the Company's retention under the lowest excess layer that has not been recovered thereunder, such amount shall be recovered under the next or subsequent excess layer or layers, as appropriate.  Recoveries under each excess layer set forth in Schedule A attached to and forming part of this Contract shall inure as follows:

 

	
 

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		1.	Recoveries under the First Excess layer shall inure to the benefit of the Second Excess layer;

		2.	Recoveries under the First and Second Excess layers shall inure to the benefit of the Third Excess layer; and

		3.	Recoveries under the First, Second and Third Excess layers shall inure to the benefit of the Fourth Excess layer.

It is understood, however, that any fully exhausted excess layer or the exhausted portion of any excess layer shall no longer inure to the benefit of any subsequent excess layer(s).

	C.	Notwithstanding the provisions above, no claim shall be made hereunder as respects losses arising out of loss occurrences commencing during the term of this Contract unless at least two risks insured or reinsured by the Company are involved in such loss occurrence.  For purposes hereof, the Company shall be the sole judge of what constitutes "one risk."

Article 6 - Florida Hurricane Catastrophe Fund

The Company has purchased 75.0% of the FHCF mandatory layer of coverage and shall be deemed to inure to the benefit of this Contract.  Further, any FHCF loss reimbursement shall be deemed to be paid to the Company in accordance with the FHCF reimbursement contract at the full payout level set forth therein and will be deemed not to be reduced by any reduction or exhaustion of the FHCF's claims-paying capacity as respects the mandatory FHCF coverage.

 

Article 7 - Other Reinsurance

	A.	The Company shall be permitted to carry other reinsurance, recoveries under which shall inure solely to the benefit of the Company and be entirely disregarded in applying all of the provisions of this Contract.

	B.	Any loss reimbursement received under the Company's FHCF Supplement Layer Reinsurance Contract (15\F7V1085), which shall be deemed to be placed at 15.0%, shall be deemed to inure to the benefit of this Contract.

 

	
 

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Article 8 - Reinstatement

	A.	In the event all or any portion of the reinsurance under any excess layer of reinsurance coverage provided by this Contract is exhausted by ultimate net loss, the amount so exhausted shall be reinstated immediately from the time the loss occurrence commences hereon.  For each amount so reinstated the Company agrees to pay additional premium equal to the product of the following:

		1.	The percentage of the occurrence limit for the excess layer reinstated (based on the ultimate net loss paid by the Reinsurer under that excess layer); times

		2.	The earned reinsurance premium for the excess layer reinstated for the term of this Contract (exclusive of reinstatement premium).

	B.	Whenever the Company requests payment by the Reinsurer of any ultimate net loss under any excess layer hereunder, the Company shall submit a statement to the Reinsurer of reinstatement premium due the Reinsurer for that excess layer.  If the earned reinsurance premium for any excess layer for the term of this Contract has not been finally determined as of the date of any such statement, the calculation of reinstatement premium due for that excess layer shall be based on the amount, shown as "Annual Deposit Premium" for that excess layer in Schedule A attached hereto, and shall be readjusted when the earned reinsurance premium for that excess layer for the term of this Contract has been finally determined.  Any reinstatement premium shown to be due the Reinsurer for any excess layer as reflected by any such statement (less prior payments, if any, for that excess layer) shall be payable by the Company concurrently with payment by the Reinsurer of the requested ultimate net loss for that excess layer.  Any return reinstatement premium shown to be due the Company shall be remitted by the Reinsurer as promptly as possible after receipt and verification of the Company's statement.

	C.	Notwithstanding anything stated herein, the liability of the Reinsurer for ultimate net loss under any excess layer of reinsurance coverage provided by this Contract shall not exceed either of the following:

		1.	The amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, as respects loss or losses arising out of any one loss occurrence; or

		2.	The amount, shown as "Reinsurer's Term Limit" for that excess layer in Schedule A attached hereto, in all during the term of this Contract.

Article 9 - Definitions

	A.	"Loss adjustment expense," regardless of how such expenses are classified for statutory reporting purposes, as used in this Contract shall mean all costs and expenses allocable to a specific claim that are incurred by the Company in the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim, including court costs and costs of supersedeas and appeal bonds, and including a) pre-judgment interest, unless included as part of the award or judgment; b) post-judgment interest; c) legal expenses and costs incurred in connection with coverage questions and legal actions connected thereto, including Declaratory Judgment Expense; and d) expenses and a pro rata share of salaries of the Company field employees, and expenses of other Company employees who have been temporarily diverted from their normal and customary duties and assigned to the field adjustment of losses covered by this Contract.

 

	
 

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Loss adjustment expense as defined above does not include unallocated loss adjustment expense.  Unallocated loss adjustment expense includes, but is not limited to, salaries and expenses of employees, other than in (d) above, and office and other overhead expenses.

	B.	"Loss in excess of policy limits" and "extra contractual obligations" as used in this Contract shall mean:

		1.	"Loss in excess of policy limits" shall mean 90.0% of any amount paid or payable by the Company in excess of its policy limits, but otherwise within the terms of its policy, such loss in excess of the Company's policy limits having been incurred because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company's alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.  Any loss in excess of policy limits that is made in connection with this Contract shall not exceed 25.0% of the actual catastrophe loss.

		2.	"Extra contractual obligations" shall mean 90.0% of any punitive, exemplary, compensatory or consequential damages paid or payable by the Company, not covered by any other provision of this Contract and which arise from the handling of any claim on business subject to this Contract, such liabilities arising because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company's alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.  An extra contractual obligation shall be deemed, in all circumstances, to have occurred on the same date as the loss covered or alleged to be covered under the policy.  Any extra contractual obligations that are made in connection with this Contract shall not exceed 25.0% of the actual catastrophe loss.

Notwithstanding anything stated herein, this Contract shall not apply to any loss in excess of policy limits or any extra contractual obligation incurred by the Company as a result of any fraudulent and/or criminal act by any officer or director of the Company acting individually or collectively or in collusion with any individual or corporation or any other organization or party involved in the presentation, defense or settlement of any claim covered hereunder.

	C.	"Policies" as used in this Contract shall mean all policies, contracts and binders of insurance or reinsurance.

	D.	"Ultimate net loss" as used in this Contract shall mean the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as defined herein) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not.  Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.

 

	
 

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Article 10 - Loss Occurrence

	A.	The term "loss occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another.  However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

		1.	As regards windstorm, hail, tornado, hurricane and cyclone, including ensuing collapse and water damage, all individual losses sustained by the Company occurring during any period of 120 consecutive hours arising out of and directly occasioned by the same event.  However, the event need not be limited to one state or province or states or provinces contiguous thereto.

		2.	As regards riot, riot attending a strike, civil commotion, vandalism and malicious mischief, all individual losses sustained by the Company occurring during any period of 72 consecutive hours within the area of one municipality or county and the municipalities or counties contiguous thereto arising out of and directly occasioned by the same event.  The maximum duration of 72 consecutive hours may be extended in respect of individual losses which occur beyond such 72 consecutive hours during the continued occupation of an assured's premises by strikers, provided such occupation commenced during the aforesaid period.

		3.	As regards earthquake (the epicenter of which need not necessarily be within the territorial confines referred to in the introductory portion of this paragraph A) and fire following directly occasioned by the earthquake, only those individual fire losses which commence during the period of 168 consecutive hours may be included in the Company's "loss occurrence."

		4.	As regards "freeze," only individual losses directly occasioned by collapse, breakage of glass and water damage (caused by bursting frozen pipes and tanks) may be included in the Company's "loss occurrence."

		5.	As regards conflagration, brush fires and any other fires, irrespective of origin (except as provided in subparagraphs 2 and 3 above), all individual losses sustained by the Company which occur during any period of 168 consecutive hours within a 150-mile radius of any fixed point selected by the Company may be included in the Company's "loss occurrence."

	B.	Except for those "loss occurrences" referred to in subparagraph 2 of paragraph A above, the Company may choose the date and time when any such period of consecutive hours commences, provided that it is not earlier than the date and time of the occurrence of the first recorded individual loss sustained by the Company arising out of that disaster, accident or loss, and provided that only one such period of 168 consecutive hours shall apply with respect to one event, except for any "loss occurrence" referred to in subparagraph 1 of paragraph A above where only one such period of 120 consecutive hours shall apply with respect to one event, regardless of the duration of the event.

 

	
 

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	C.	However, as respects those "loss occurrences" referred to in subparagraph 2 of paragraph A above, if the disaster, accident or loss occasioned by the event is of greater duration than 72 consecutive hours, then the Company may divide that disaster, accident or loss into two or more "loss occurrences," provided that no two periods overlap and no individual loss is included in more than one such period, and provided that no period commences earlier than the date and time of the occurrence of the first recorded individual loss sustained by the Company arising out of that disaster, accident or loss.

	D.	No individual losses occasioned by an event that would be covered by a 120 or 72 hours clause may be included in any "loss occurrence" claimed under a 168 hours provision.

Article 11 - Loss Notices and Settlements

	A.	Whenever losses sustained by the Company are reserved by the Company for an amount greater than 50.0% of the Company's retention under any excess layer hereunder and/or appear likely to result in a claim under such excess layer, the Company shall notify the Subscribing Reinsurers under that excess layer and shall provide updates related to development of such losses.  The Reinsurer shall have the right to participate in the adjustment of such losses at its own expense.

	B.	All loss settlements made by the Company, provided they are within the terms of this Contract and the terms of the original policy (with the exception of loss in excess of policy limits or extra contractual obligations coverage, if any, under this Contract), shall be binding upon the Reinsurer, and the Reinsurer agrees to pay all amounts for which it may be liable upon receipt of reasonable evidence of the amount paid by the Company.

Article 12 - Cash Call

Notwithstanding the provisions of the Loss Notices and Settlements Article, upon the request of the Company, the Reinsurer shall pay any amount with regard to a loss settlement or settlements that are scheduled to be made (including any payments projected to be made) within the next 20 days by the Company, subject to receipt by the Reinsurer of a satisfactory proof of loss.  Such agreed payment shall be made within 10 days from the date the demand for payment was transmitted to the Reinsurer.

Article 13 - Salvage and Subrogation

The Reinsurer shall be credited with salvage (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company and sums paid to attorneys as retainer, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.  Salvage thereon shall always be used to reimburse the excess carriers in the reverse order of their priority according to their participation before being used in any way to reimburse the Company for its primary loss.  The Company hereby agrees to enforce its rights to salvage or subrogation relating to any loss, a part of which loss was sustained by the Reinsurer, and to prosecute all claims arising out of such rights, if, in the Company's opinion, it is economically reasonable to do so.

 

	
 

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Article 14 - Reinsurance Premium

	A.	As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

		1.	The amount, shown as "Annual Deposit Premium" for that excess layer in Schedule A attached hereto; times

		2.	The percentage calculated by dividing (a) the actual Average Annual Loss ("AAL") determined by the Company's wind insurance in force on September 30, 2015, by (b) the original AAL of the amount, shown as "AAL" for that excess layer in Schedule A attached hereto.

However, if the difference between the amount, shown as "Annual Deposit Premium" for that excess layer in Schedule A attached hereto, and the premium calculated in accordance with this paragraph A for the excess layer is less than a 10.0% increase or decrease, the premium due the Reinsurer will equal the amount, shown as "Annual Deposit Premium" for that excess layer in Schedule A attached hereto.

The Company's AAL shall be derived by averaging the applicable data produced by Applied Insurance Research (AIR) Touchstone v2.0 and Risk Management Solutions (RMS) RiskLink v15 catastrophe modeling software, in the long-term perspective, including secondary uncertainty and loss amplification, but excluding storm surge.  It is understood that the calculation of the actual AAL shall be based on the amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, net of (1) the FHCF mandatory layer of coverage purchased by the Company using the current estimates of the mandatory FHCF coverage of 75% of $775,000,000 excess of $265,000,000, and of (2) the Company's FHCF Supplement Layer Reinsurance Contract (15\F7V1085), which shall be deemed to be placed at 15.0%.

	B.	The Company shall pay the Reinsurer an annual deposit premium for each excess layer of the amount, shown as "Annual Deposit Premium" for that excess layer in Schedule A attached hereto, in four equal installments of the amount, shown as "Deposit Premium Installment" for that excess layer in Schedule A attached hereto, on July 1 and October 1 of 2015, and on January 1 and April 1 of 2016.  However, in the event this Contract is terminated, there shall be no deposit premium installments due after the effective date of termination.

 

	
 

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	C.	On or before June 30, 2016, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder for each excess layer for the term of this Contract, computed in accordance with paragraph A above, and any additional premium due the Reinsurer or return premium due the Company for each such excess layer shall be remitted promptly.

Article 15 - Sanctions

Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party.

Article 16 - Late Payments

	A.	The provisions of this Article shall not be implemented unless specifically invoked, in writing, by one of the parties to this Contract.

	B.	In the event any premium, loss or other payment due either party is not received by the intermediary named in the Intermediary Article (hereinafter referred to as the "Intermediary") by the payment due date, the party to whom payment is due may, by notifying the Intermediary in writing, require the debtor party to pay, and the debtor party agrees to pay, an interest charge on the amount past due calculated for each such payment on the last business day of each month as follows:

		1.	The number of full days which have expired since the due date or the last monthly calculation, whichever the lesser; times

		2.	1/365ths of the six-month United States Treasury Bill rate as quoted in The Wall Street Journal on the first business day of the month for which the calculation is made; times

		3.	The amount past due, including accrued interest.

It is agreed that interest shall accumulate until payment of the original amount due plus interest charges have been received by the Intermediary.

	C.	The establishment of the due date shall, for purposes of this Article, be determined as follows:

		1.	As respects the payment of routine deposits and premiums due the Reinsurer, the due date shall be as provided for in the applicable section of this Contract.  In the event a due date is not specifically stated for a given payment, it shall be deemed due 30 days after the date of transmittal by the Intermediary of the initial billing for each such payment.

		2.	Any claim or loss payment due the Company hereunder shall be deemed due 10 days after the proof of loss or demand for payment is transmitted to the Reinsurer.  If such loss or claim payment is not received within the 10 days, interest will accrue on the payment or amount overdue in accordance with paragraph B above, from the date the proof of loss or demand for payment was transmitted to the Reinsurer.

 

	
 

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		3.	As respects any payment, adjustment or return due either party not otherwise provided for in subparagraphs 1 and 2 of this paragraph C, the due date shall be as provided for in the applicable section of this Contract.  In the event a due date is not specifically stated for a given payment, it shall be deemed due 10 days following transmittal of written notification that the provisions of this Article have been invoked.

For purposes of interest calculations only, amounts due hereunder shall be deemed paid upon receipt by the Intermediary.

	D.	Nothing herein shall be construed as limiting or prohibiting a Subscribing Reinsurer from contesting the validity of any claim, or from participating in the defense of any claim or suit, or prohibiting either party from contesting the validity of any payment or from initiating any arbitration or other proceeding in accordance with the provisions of this Contract.  If the debtor party prevails in an arbitration or other proceeding, then any interest charges due hereunder on the amount in dispute shall be null and void.  If the debtor party loses in such proceeding, then the interest charge on the amount determined to be due hereunder shall be calculated in accordance with the provisions set forth above unless otherwise determined by such proceedings.  If a debtor party advances payment of any amount it is contesting, and proves to be correct in its contestation, either in whole or in part, the other party shall reimburse the debtor party for any such excess payment made plus interest on the excess amount calculated in accordance with this Article.

	E.	Interest charges arising out of the application of this Article that are $1,000 or less from any party shall be waived unless there is a pattern of late payments consisting of three or more items over the course of any 12-month period.

Article 17 - Offset

The Company and the Reinsurer may offset any balance or amount due from one party to the other under this Contract or any other contract heretofore or hereafter entered into between the Company and the Reinsurer, whether acting as assuming reinsurer or ceding company.  The provisions of this Article shall not be affected by the insolvency of either party.

Article 18 - Access to Records

The Reinsurer or its designated representatives shall have access at any reasonable time to all records of the Company which pertain in any way to this reinsurance, provided the Reinsurer gives the Company at least 15 days prior notice of request for such access.  However, a Subscribing Reinsurer or its designated representatives shall not have any right of access to the records of the Company if it is not current in all undisputed payments due the Company.  "Undisputed" as used herein shall mean any amount that the Subscribing Reinsurer has not contested in writing to the Company specifying the reason(s) why the payments are disputed.

 

	
 

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Article 19 - Liability of the Reinsurer

	A.	The liability of the Reinsurer shall follow that of the Company in every case and be subject in all respects to all the general and specific stipulations, clauses, waivers and modifications of the Company's policies and any endorsements thereon.  However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract.

	B.	Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.

 

Article 20 - Net Retained Lines (BRMA 32E)

	A.	This Contract applies only to that portion of any policy which the Company retains net for its own account (prior to deduction of any underlying reinsurance specifically permitted in this Contract), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches, only loss or losses in respect of that portion of any policy which the Company retains net for its own account shall be included.

	B.	The amount of the Reinsurer's liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts which may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.

Article 21 - Errors and Omissions (BRMA 14F)

Inadvertent delays, errors or omissions made in connection with this Contract or any transaction hereunder shall not relieve either party from any liability which would have attached had such delay, error or omission not occurred, provided always that such error or omission is rectified as soon as possible after discovery.

Article 22 - Currency (BRMA 12A)

	A.	Whenever the word "Dollars" or the "$" sign appears in this Contract, they shall be construed to mean United States Dollars and all transactions under this Contract shall be in United States Dollars.

	B.	Amounts paid or received by the Company in any other currency shall be converted to United States Dollars at the rate of exchange at the date such transaction is entered on the books of the Company.

 

	
 

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Article 23 - Taxes (BRMA 50B)

In consideration of the terms under which this Contract is issued, the Company will not claim a deduction in respect of the premium hereon when making tax returns, other than income or profits tax returns, to any state or territory of the United States of America or the District of Columbia.

Article 24 - Federal Excise Tax (BRMA 17D)

	A.	The Reinsurer has agreed to allow for the purpose of paying the Federal Excise Tax the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Code) to the extent such premium is subject to the Federal Excise Tax.

	B.	In the event of any return of premium becoming due hereunder the Reinsurer will deduct the applicable percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States Government.

Article 25 - Foreign Account Tax Compliance Act

	A.	To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall allow such deduction and withholding from the premium payable under this Contract.

	B.	In the event of any return of premium becoming due hereunder, the return premium shall be determined and paid in full without regard to any amounts deducted or withheld under paragraph A of this Article.  In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall reimburse the Reinsurer for such amounts.

Article 26 - Reserves

	A.	The Reinsurer agrees to fund its share of amounts, including but not limited to, the Company's ceded unearned premium and outstanding loss and loss adjustment expense reserves (including all case reserves plus any reasonable amount estimated to be unreported from known loss occurrences) (hereinafter referred to as "Reinsurer's Obligations") by:

		1.	Clean, irrevocable and unconditional letters of credit issued and confirmed, if confirmation is required by the insurance regulatory authorities involved, by a bank or banks meeting the NAIC Securities Valuation Office credit standards for issuers of letters of credit and acceptable to said insurance regulatory authorities; and/or

		2.	Escrow accounts for the benefit of the Company; and/or

		3.	Cash advances;

 

	
 

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if the Reinsurer:

		1.	Is unauthorized in any state of the United States of America or the District of Columbia having jurisdiction over the Company and if, without such funding, a penalty would accrue to the Company on any financial statement it is required to file with the insurance regulatory authorities involved; or

		2.	Has an A.M. Best Company's rating equal to or below B++ at the inception of this Contract.

The Reinsurer, at its sole option, may fund in other than cash if its method and form of funding are acceptable to the insurance regulatory authorities involved.

	B.	With regard to funding in whole or in part by letters of credit, it is agreed that each letter of credit will be in a form acceptable to insurance regulatory authorities involved, will be issued for a term of at least one year and will include an "evergreen clause," which automatically extends the term for at least one additional year at each expiration date unless written notice of non-renewal is given to the Company not less than 30 days prior to said expiration date.  The Company and the Reinsurer further agree, notwithstanding anything to the contrary in this Contract, that said letters of credit may be drawn upon by the Company or its successors in interest at any time, without diminution because of the insolvency of the Company or the Reinsurer, but only for one or more of the following purposes:

		1.	To reimburse itself for the Reinsurer's share of unearned premiums returned to insureds on account of policy cancellations, unless paid in cash by the Reinsurer;

		2.	To reimburse itself for the Reinsurer's share of losses and/or loss adjustment expense paid under the terms of policies reinsured hereunder, unless paid in cash by the Reinsurer;

		3.	To reimburse itself for the Reinsurer's share of any other amounts claimed to be due hereunder, unless paid in cash by the Reinsurer;

		4.	To fund a cash account in an amount equal to the Reinsurer's share of amounts, including but not limited to, the Reinsurer's Obligations as set forth above, funded by means of a letter of credit which is under non-renewal notice, if said letter of credit has not been renewed or replaced by the Reinsurer 10 days prior to its expiration date;

		5.	To refund to the Reinsurer any sum in excess of the actual amount required to fund the Reinsurer's share of amounts, including but not limited to, the Reinsurer's Obligations as set forth above, if so requested by the Reinsurer.

In the event the amount drawn by the Company on any letter of credit is in excess of the actual amount required for B(1), B(2) or B(4), or in the case of B(3), the actual amount determined to be due, the Company shall promptly return to the Reinsurer the excess amount so drawn.

 

	
 

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Article 27 - Insolvency

	A.	In the event of the insolvency of the Company, this reinsurance shall be payable directly to the Company or to its liquidator, receiver, conservator or statutory successor on the basis of the liability of the Company without diminution because of the insolvency of the Company or because the liquidator, receiver, conservator or statutory successor of the Company has failed to pay all or a portion of any claim.  It is agreed, however, that the liquidator, receiver, conservator or statutory successor of the Company shall give written notice to the Reinsurer of the pendency of a claim against the Company indicating the policy or bond reinsured which claim would involve a possible liability on the part of the Reinsurer within a reasonable time after such claim is filed in the conservation or liquidation proceeding or in the receivership, and that during the pendency of such claim, the Reinsurer may investigate such claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated, any defense or defenses that it may deem available to the Company or its liquidator, receiver, conservator or statutory successor.  The expense thus incurred by the Reinsurer shall be chargeable, subject to the approval of the Court, against the Company as part of the expense of conservation or liquidation to the extent of a pro rata share of the benefit which may accrue to the Company solely as a result of the defense undertaken by the Reinsurer.

	B.	Where two or more Subscribing Reinsurers are involved in the same claim and a majority in interest elect to interpose defense to such claim, the expense shall be apportioned in accordance with the terms of this Contract as though such expense had been incurred by the Company.

	C.	It is further understood and agreed that, in the event of the insolvency of the Company, the reinsurance under this Contract shall be payable directly by the Reinsurer to the Company or to its liquidator, receiver or statutory successor, except as provided by Section 4118(a) of the New York Insurance Law or except (1) where this Contract specifically provides another payee of such reinsurance in the event of the insolvency of the Company or (2) where the Reinsurer with the consent of the direct insured or insureds has assumed such policy obligations of the Company as direct obligations of the Reinsurer to the payees under such policies and in substitution for the obligations of the Company to such payees.

Article 28 - Arbitration

	A.	As a condition precedent to any right of action hereunder, in the event of any dispute or difference of opinion hereafter arising with respect to this Contract, it is hereby mutually agreed that such dispute or difference of opinion shall be submitted to arbitration.  One Arbiter shall be chosen by the Company, the other by the Reinsurer, and an Umpire shall be chosen by the two Arbiters before they enter upon arbitration, all of whom shall be active or retired disinterested executive officers of insurance or reinsurance companies or Lloyd's London Underwriters.  In the event that either party should fail to choose an Arbiter within 30 days following a written request by the other party to do so, the requesting party may choose two Arbiters who shall in turn choose an Umpire before entering upon arbitration.  If the two Arbiters fail to agree upon the selection of an Umpire within 30 days following their appointment, each Arbiter shall nominate three candidates within 10 days thereafter, two of whom the other shall decline, and the decision shall be made by drawing lots.

 

	
 

Page 16

	

	B.	Each party shall present its case to the Arbiters within 30 days following the date of appointment of the Umpire.  The Arbiters shall consider this Contract as an honorable engagement rather than merely as a legal obligation and they are relieved of all judicial formalities and may abstain from following the strict rules of law.  The decision of the Arbiters shall be final and binding on both parties; but failing to agree, they shall call in the Umpire and the decision of the majority shall be final and binding upon both parties.  Judgment upon the final decision of the Arbiters may be entered in any court of competent jurisdiction.

	C.	If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as one party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint.

	D.	Each party shall bear the expense of its own Arbiter, and shall jointly and equally bear with the other the expense of the Umpire and of the arbitration.  In the event that the two Arbiters are chosen by one party, as above provided, the expense of the Arbiters, the Umpire and the arbitration shall be equally divided between the two parties.

	E.	Any arbitration proceedings shall take place at a location mutually agreed upon by the parties to this Contract, but notwithstanding the location of the arbitration, all proceedings pursuant hereto shall be governed by the law of the state in which the Company has its principal office.

Article 29 - Service of Suit (BRMA 49C)

(Applicable if the Reinsurer is not domiciled in the United States of America, and/or is not authorized in any State, Territory or District of the United States where authorization is required by insurance regulatory authorities)

	A.	It is agreed that in the event the Reinsurer fails to pay any amount claimed to be due hereunder, the Reinsurer, at the request of the Company, will submit to the jurisdiction of a court of competent jurisdiction within the United States.  Nothing in this Article constitutes or should be understood to constitute a waiver of the Reinsurer's rights to commence an action in any court of competent jurisdiction in the United States, to remove an action to a United States District Court, or to seek a transfer of a case to another court as permitted by the laws of the United States or of any state in the United States.

	B.	Further, pursuant to any statute of any state, territory or district of the United States which makes provision therefor, the Reinsurer hereby designates the party named in its Interests and Liabilities Agreement, or if no party is named therein, the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as its true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Company or any beneficiary hereunder arising out of this Contract.

 

	
 

Page 17

	

Article 30 - Severability (BRMA 72E)

If any provision of this Contract shall be rendered illegal or unenforceable by the laws, regulations or public policy of any state, such provision shall be considered void in such state, but this shall not affect the validity or enforceability of any other provision of this Contract or the enforceability of such provision in any other jurisdiction.

Article 31 - Governing Law (BRMA 71B)

This Contract shall be governed by and construed in accordance with the laws of the State of Florida.

Article 32 - Confidentiality

	A.	The Reinsurer hereby acknowledges that the documents, information and data provided to it by the Company, whether directly or through an authorized agent, in connection with the placement and execution of this Contract, including all information obtained through any audits and any claims information between the Company and the Reinsurer, and any submission or other materials relating to any renewal (hereinafter referred to as "Confidential Information") are proprietary and confidential to the Company.

	B.	Except as provided for in paragraph C below, the Reinsurer shall not disclose any Confidential Information to any third parties, including but not limited to the Reinsurer's subsidiaries and affiliates, other insurance companies and their subsidiaries and affiliates, underwriting agencies, research organizations, any unaffiliated entity engaged in modeling insurance or reinsurance data, and statistical rating organizations.

	C.	Confidential Information may be used by the Reinsurer only in connection with the performance of its obligations or enforcement of its rights under this Contract and will only be disclosed when required by (1) retrocessionaires subject to the business ceded to this Contract, (2) regulators performing an audit of the Reinsurer's records and/or financial condition, (3) external auditors performing an audit of the Reinsurer's records in the normal course of business, or (4) the Reinsurer's legal counsel; provided that the Reinsurer advises such parties of the confidential nature of the Confidential Information and their obligation to maintain its confidentiality.  The Company may require that any third-party representatives of the Reinsurer agree, in writing, to be bound by this Confidentiality Article or by a separate written confidentiality agreement, containing terms no less stringent than those set forth in this Article.  If a third-party representative of the Reinsurer is not bound, in writing, by this Confidentiality Article or by a separate written confidentiality agreement, the Reinsurer shall be responsible for any breach of this provision by such third-party representative of the Reinsurer.

	D.	Notwithstanding the above, in the event that the Reinsurer is required by court order, other legal process or any regulatory authority to release or disclose any or all of the Confidential Information, the Reinsurer agrees to provide the Company with written notice of same at least 10 days prior to such release or disclosure, to the extent legally permissible, and to use its best efforts to assist the Company in maintaining the confidentiality provided for in this Article.

 

	
 

Page 18

	

	E.	Any disclosure of Non-Public Personally Identifiable Information shall comply with all state and federal statutes and regulations governing the disclosure of Non-Public Personally Identifiable Information.  "Non-Public Personally Identifiable Information" shall be defined as this term or a similar term is defined in any applicable state, provincial, territory, or federal law.  Disclosing or using this information for any purpose not authorized by applicable law is expressly forbidden without the prior consent of the Company.

	F.	The parties agree that any information subject to privilege, including the attorney-client privilege or attorney work product doctrine (collectively "Privilege") shall not be disclosed to the Reinsurer until, in the Company's opinion, such Privilege is deemed to be waived or otherwise compromised by virtue of its disclosure pursuant to this Contract.  Furthermore, the Reinsurer shall not assert that any Privilege otherwise applicable to the Confidential Information has been waived or otherwise compromised by virtue of its disclosure pursuant to this Contract.

	G.	The provisions of this Article shall extend to the officers, directors and employees of the Reinsurer and its affiliates, and shall be binding upon their successors and assigns.

Article 33 - Non-Waiver

The failure of the Company or Reinsurer to insist on compliance with this Contract or to exercise any right, remedy or option hereunder shall not:  (1) constitute a waiver of any rights contained in this Contract, (2) prevent the Company or Reinsurer from thereafter demanding full and complete compliance, (3) prevent the Company or Reinsurer from exercising such remedy in the future, nor (4) affect the validity of this Contract or any part thereof.

Article 34 - Notices and Contract Execution

	A.	Whenever a notice, statement, report or any other written communication is required by this Contract, unless otherwise specified, such notice, statement, report or other written communication may be transmitted by certified or registered mail, nationally or internationally recognized express delivery service, personal delivery, electronic mail, or facsimile.  With the exception of notices of termination, first class mail is also acceptable.

	B.	The use of any of the following shall constitute a valid execution of this Contract or any amendments thereto:

		1.	Paper documents with an original ink signature;

		2.	Facsimile or electronic copies of paper documents showing an original ink signature; and/or

		3.	Electronic records with an electronic signature made via an electronic agent.  For the purposes of this Contract, the terms "electronic record," "electronic signature" and "electronic agent" shall have the meanings set forth in the Electronic Signatures in Global and National Commerce Act of 2000 or any amendments thereto.

 

	
 

Page 19

	

	C.	This Contract may be executed in one or more counterparts, each of which, when duly executed, shall be deemed an original.

Article 35 - Intermediary

Aon Benfield Inc., or one of its affiliated corporations duly licensed as a reinsurance intermediary, is hereby recognized as the Intermediary negotiating this Contract for all business hereunder.  All communications (including but not limited to notices, statements, premiums, return premiums, commissions, taxes, losses, loss adjustment expense, salvages and loss settlements) relating to this Contract will be transmitted to the Company or the Reinsurer through the Intermediary.  Payments by the Company to the Intermediary will be deemed payment to the Reinsurer.  Payments by the Reinsurer to the Intermediary will be deemed payment to the Company only to the extent that such payments are actually received by the Company.

In Witness Whereof, the Company by its duly authorized representative has executed this Contract as of the date specified below:

	
This

	
5th

	
day of

	
August

	
in the year

	
2015

	.

 

	
 

Page 20

	

Schedule A

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

Federated National Insurance Company

Sunrise, Florida

	 	 	
First

Excess

	 	 	
Second

Excess

	 	 	
Third

Excess

	 	 	
Fourth

Excess

	 
	 	 		 	 		 	 		 	 		 
	
Reinsurer's Per Occurrence Limit

	 	
$

	
78,500,000

	 	 	
$

	
165,000,000

	 	 	
$

	
77,500,000

	 	 	
$

	
192,000,000

	 
	
Reinsurer's Term Limit

	 	
$

	
157,000,000

	 	 	
$

	
330,000,000

	 	 	 	
155,000,000

	 	 	
$

	
384,000,000

	 
	
Minimum Premium

	 	
$

	
19,782,000

	 	 	
$

	
27,060,000

	 	 	
$

	
5,890,000

	 	 	
$

	
8,448,000

	 
	
AAL

	 	
$

	
20,595,267

	 	 	
$

	
19,606,618

	 	 	
$

	
2,666,032

	 	 	
$

	
2,516,479

	 
	
Annual Deposit Premium

	 	
$

	
24,727,500

	 	 	
$

	
33,825,000

	 	 	
$

	
7,362,500

	 	 	
$

	
10,560,000

	 
	
Deposit Premium Installments

	 	
$

	
6,181,875

	 	 	
$

	
8,456,250

	 	 	
$

	
1,840,625

	 	 	
$

	
2,640,000

	 

The figures listed above for each excess layer shall apply to each Subscribing Reinsurer in the percentage share for that excess layer as expressed in its Interests and Liabilities Agreement attached hereto.

 

	
 

Schedule A

	

War Exclusion Clause

As regards interests which at time of loss or damage are on shore, no liability shall attach hereto in respect of any loss or damage which is occasioned by war, invasion, hostilities, acts of foreign enemies, civil war, rebellion, insurrection, military or usurped power, or martial law or confiscation by order of any government or public authority.

 

Nuclear Incident Exclusion Clause - Physical Damage - Reinsurance (U.S.A.)

	1.	This Reinsurance does not cover any loss or liability accruing to the Reassured, directly or indirectly and whether as Insurer or Reinsurer, from any Pool of Insurers or Reinsurers formed for the purpose of covering Atomic or Nuclear Energy risks.

	2.	Without in any way restricting the operation of paragraph (1) of this Clause, this Reinsurance does not cover any loss or liability accruing to the Reassured, directly or indirectly and whether as Insurer or Reinsurer, from any insurance against Physical Damage (including business interruption or consequential loss arising out of such Physical Damage) to:

 

	          	
I.

	
Nuclear reactor power plants including all auxiliary property on the site, or

	          	II.	Any other nuclear reactor installation, including laboratories handling radioactive materials in connection with reactor installations, and "critical facilities" as such, or

	          	III.	Installations for fabricating complete fuel elements or for processing substantial quantities of "special nuclear material," and for reprocessing, salvaging, chemically separating, storing or disposing of "spent" nuclear fuel or waste materials, or

	          	IV.	Installations other than those listed in paragraph (2) III above using substantial quantities of radioactive isotopes or other products of nuclear fission.

	3.	Without in any way restricting the operations of paragraphs (1) and (2) hereof, this Reinsurance does not cover any loss or liability by radioactive contamination accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, from any insurance on property which is on the same site as a nuclear reactor power plant or other nuclear installation and which normally would be insured therewith except that this paragraph (3) shall not operate

		(a)	where Reassured does not have knowledge of such nuclear reactor power plant or nuclear installation, or

		(b)	where said insurance contains a provision excluding coverage for damage to property caused by or resulting from radioactive contamination, however caused.  However on and after 1st January 1960 this sub-paragraph (b) shall only apply provided the said radioactive contamination exclusion provision has been approved by the Governmental Authority having jurisdiction thereof.

	4.	Without in any way restricting the operations of paragraphs (1), (2) and (3) hereof, this Reinsurance does not cover any loss or liability by radioactive contamination accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, when such radioactive contamination is a named hazard specifically insured against.

	5.	It is understood and agreed that this Clause shall not extend to risks using radioactive isotopes in any form where the nuclear exposure is not considered by the Reassured to be the primary hazard.

	6.	The term "special nuclear material" shall have the meaning given it in the Atomic Energy Act of 1954 or by any law amendatory thereof.

	7.	Reassured to be sole judge of what constitutes:

		(a)	substantial quantities, and

		(b)	the extent of installation, plant or site.

Note.-Without in any way restricting the operation of paragraph (1) hereof, it is understood and agreed that

		(a)	all policies issued by the Reassured on or before 31st December 1957 shall be free from the application of the other provisions of this Clause until expiry date or 31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply.

		(b)	with respect to any risk located in Canada policies issued by the Reassured on or before 31st December 1958 shall be free from the application of the other provisions of this Clause until expiry date or 31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply.

 

12/12/57

N.M.A. 1119

BRMA 35B

 

Terrorism Exclusion

(Property Treaty Reinsurance)

Notwithstanding any provision to the contrary within this Contract or any amendment thereto, it is agreed that this Contract excludes loss, damage, cost or expense directly or indirectly caused by, contributed to by, resulting from or arising out of or in connection with any act of terrorism, as defined herein, regardless of any other cause or event contributing concurrently or in any other sequence to the loss.

An act of terrorism includes any act, or preparation in respect of action, or threat of action designed to influence the government de jure or de facto of any nation or any political division thereof, or in pursuit of political, religious, ideological or similar purposes to intimidate the public or a section of the public of any nation by any person or group(s) of persons whether acting alone or on behalf of or in connection with any organization(s) or government(s) de jure or de facto, and which:

		1.	Involves violence against one or more persons, or

		2.	Involves damage to property; or

		3.	Endangers life other than the person committing the action; or

		4.	Creates a risk to health or safety of the public or a section of the public; or

		5.	Is designed to interfere with or disrupt an electronic system.

This Contract also excludes loss, damage, cost or expense directly or indirectly caused by, contributed to by, resulting from or arising out of or in connection with any action in controlling, preventing, suppressing, retaliating against or responding to any act of terrorism.

Notwithstanding the above and subject otherwise to the terms, conditions, and limitations of this Contract, in respect only of personal lines, this Contract will pay actual loss or damage (but not related cost and expense) caused by any act of terrorism provided such act is not directly or indirectly caused by, contributed to by, resulting from or arising out of or in connection with radiological, biological, chemical, or nuclear pollution or contamination.

 

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

ACE Tempest Reinsurance Ltd.

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
9.50%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
2.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
6th

	
day of

	August	
in the year

	2015	.

 

	
ACE Tempest Reinsurance Ltd.

		 
	
 

	
 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Allied World Assurance Company, Ltd

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
10.00%

	 	
of the Third Excess Catastrophe

	
4.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
13th

	
day of

	August	
in the year

	2015	.

 

Allied World Assurance Company, Ltd

	

	
 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

American Agricultural Insurance Company

Indianapolis, Indiana

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
0.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
13th

	
day of

	August	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

American Standard Insurance Company of Wisconsin

Madison, Wisconsin

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
0%

	 	
of the First Excess Catastrophe

	
1.00%

	 	
of the Second Excess Catastrophe

	
1.50%

	 	
of the Third Excess Catastrophe

	
2.75%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
10th

	
day of

	AUGUST	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Amlin Bermuda, branch of Amlin AG

Zurich, Switzerland

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 2.50%

	 	
of the First Excess Catastrophe

	
0.75%

	 	
of the Second Excess Catastrophe

	
3.00%

	 	
of the Third Excess Catastrophe

	
3.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
10th

	
day of

	August	
in the year

	2015	.

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Arch Reinsurance Ltd.

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 3.60%

	 	
of the First Excess Catastrophe

	
7.00%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
6.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

As respects the Subscribing Reinsurer's share in the attached Contract, the following shall apply in lieu of the provisions of paragraphs B. and C. of Article 32 - Confidentiality:

		"B.	Except as provided for in paragraph C. below, the Reinsurer shall not disclose any Confidential Information to any third parties, including but not limited to the Reinsurer's subsidiaries and affiliates, other insurance companies and their subsidiaries and affiliates, underwriting agencies, research organizations, and statistical rating organizations.

		C.	Confidential Information may be used by the Reinsurer only in connection with the performance of its obligations or enforcement of its rights under this Contract and will only be disclosed when required by (1) retrocessionaires subject to the business ceded to this Contract, (2) regulators performing an audit of the Reinsurer's records and/or financial condition, (3) external auditors performing an audit of the Reinsurer's records in the normal course of business, or (4) the Reinsurer's in-house or outside legal counsel; provided that the Reinsurer advises such parties of the confidential nature of the Confidential Information and their obligation to maintain its confidentiality.  The Company may require that any third-party representatives of the Reinsurer agree, in writing, to be bound by this Confidentiality Article or by a separate written confidentiality agreement, containing terms no less stringent than those set forth in this Article.  If a third-party representative of the Reinsurer is not bound, in writing, by this Confidentiality Article or by a separate written confidentiality agreement, the Reinsurer shall be responsible for any breach of this provision by such third-party representative of the Reinsurer."

 

	
 

Page 1 of 2

	

In Witness Whereof, the parties hereto by their respective duly authorized representatives have executed this Agreement as of the dates specified below:

	
This

	
5th

	
day of

	August	
in the year

	2015	.

 

	
This

	
13th

	
day of

	August	
in the year

	2015	.

 

Arch Reinsurance Ltd.

 

	

	
 

 

	
 

Page 2 of 2

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Argo Re Ltd.

Pembroke, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0.95%

	 	
of the First Excess Catastrophe

	
0.75%

	 	
of the Second Excess Catastrophe

	
3.25%

	 	
of the Third Excess Catastrophe

	
0%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
1st

	
day of

	SEPTEMBER	
in the year

	2015	.

 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Ariel Re Bda Limited

for and on behalf of Ariel Syndicate No. 1910

London, England

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	 
	
4.00%

	 	
of the Second Excess Catastrophe

	401948001
	
4.00%

	 	
of the Third Excess Catastrophe

	401949001
	
0%

	 	
of the Fourth Excess Catastrophe

	 

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

As respects the Subscribing Reinsurer's share in the attached Contract, the following shall apply in lieu of the provisions of paragraph C. of Article 32 - Confidentiality:

		"C.	Confidential Information may be used by the Reinsurer only in connection with the performance of its obligations or enforcement of its rights under this Contract and will only be disclosed when required by (1) retrocessionaires subject to the business ceded to this Contract, (2) regulators performing an audit of the Reinsurer's records and/or financial condition, (3) external auditors performing an audit of the Reinsurer's records in the normal course of business, (4) the Reinsurer's legal counsel, or (5) the Reinsurer's agent, Asta Managing Agent; provided that the Reinsurer advises such parties of the confidential nature of the Confidential Information and their obligation to maintain its confidentiality.  The Company may require that any third-party representatives of the Reinsurer agree, in writing, to be bound by this Confidentiality Article or by a separate written confidentiality agreement, containing terms no less stringent than those set forth in this Article.  If a third-party representative of the Reinsurer is not bound, in writing, by this Confidentiality Article or by a separate written confidentiality agreement, the Reinsurer shall be responsible for any breach of this provision by such third-party representative of the Reinsurer."

 

	
Page 1 of 2

	

In Witness Whereof, the parties hereto by their respective duly authorized representatives have executed this Agreement as of the dates specified below:

 

	
This

	
5th

	
day of

	August	
in the year

	2015	.

 

	
This

	
25th

	
day of

	August	
in the year

	2015	.

Ariel Re Bda Limited

for and on behalf of Ariel Syndicate No. 1910

 

	
 

Page 2 of 2

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Ascot Underwriting (Bermuda) Limited

for and on behalf of

American International Reinsurance Company, Ltd.

Pembroke, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
3.00%

	 	
of the Second Excess Catastrophe

	
13.00%

	 	
of the Third Excess Catastrophe

	
5.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
26th

	
day of

	SEPTEMBER	
in the year

	2015	.

Ascot Underwriting (Bermuda) Limited

for and on behalf of American International Reinsurance Company, Ltd.

 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Aspen Bermuda Limited

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 1.25%

	 	
of the First Excess Catastrophe

	- POA2G3X15AOJ
	
2.30%

	 	
of the Second Excess Catastrophe

	- POA534J15AON
	
2.35%

	 	
of the Third Excess Catastrophe

	- POA534K15AOV
	
2.50%

	 	
of the Fourth Excess Catastrophe

	- POA534L15AOD

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
6th

	
day of

	August	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

BGS Services (Bermuda) Limited

for and on behalf of Lloyd's Syndicate No. 2987

London, England

 (hereinafter referred to as the "Subscribing Reinsurer")

 

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
4.50%

	 	
of the Third Excess Catastrophe

	
4.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
7th

	
day of

	August	
in the year

	2015	.

	

	
 

	 	

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

China Reinsurance (Group) Corporation

Beijing, China

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0.50%

	 	
of the First Excess Catastrophe

	
0.75%

	 	
of the Second Excess Catastrophe

	
0.75%

	 	
of the Third Excess Catastrophe

	
0.75%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
7th

	
day of

	August	
in the year

	2015	.

China Reinsurance (Group) Corporation

 

	

	
 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

DaVinci Reinsurance Ltd.

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
1.90%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
3.06%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In any action, suit or proceeding to enforce the Subscribing Reinsurer's obligations under the attached Contract, service of process may be made upon Thomas Dawson, Drinker Biddle & Reath, LLP, 1177 Avenue of the Americas, 41st Floor, New York, New York  10036-2714.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
28th

	
day of

	September	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Endurance Specialty Insurance Ltd.

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

 

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
15.00%

	 	
of the First Excess Catastrophe

	
17.50%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
0%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
7th

	
day of

	AUGUST	
in the year

	2015	.

Endurance Specialty Insurance Ltd.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Everest Reinsurance Company

A Delaware Corporation

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 12.00%

	 	
of the First Excess Catastrophe

	
10.00%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
0%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
20th

	
day of

	August	
in the year

	2015	.

Everest Reinsurance Company

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Fubon Insurance Co., Ltd.

Taipei, Taiwan

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
1.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
10th

	
day of

	August	
in the year

	2015	.

Fubon Insurance Co., Ltd.

 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

General Insurance Corporation of India

Mumbai, India

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 2.50%

	 	
of the First Excess Catastrophe

	
2.00%

	 	
of the Second Excess Catastrophe

	
2.00%

	 	
of the Third Excess Catastrophe

	
2.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
10th

	
day of

	August	
in the year

	2015	.

General Insurance Corporation of India

 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Hamilton Re, Ltd.

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
4.00%

	 	
of the First Excess Catastrophe

	
4.00%

	 	
of the Second Excess Catastrophe

	
2.00%

	 	
of the Third Excess Catastrophe

	
2.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
7th

	
day of

	August	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Hiscox Insurance Company (Bermuda) Limited

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
0%

	 	
of the First Excess Catastrophe

	
0.90%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
0%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In any action, suit or proceeding to enforce the Subscribing Reinsurer's obligations under the attached Contract, service of process may be made upon Mendes & Mount, LLP, 750 Seventh Avenue, New York, New York  10019.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
7th

	
day of

	August	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Liberty Syndicates LIB 4472, Paris Office Underwriting

for and on behalf of Lloyd's Syndicate No. 4472

London, England

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
	
0.50%

	 	
of the Second Excess Catastrophe

	3558610115V2
	
0.50%

	 	
of the Third Excess Catastrophe

	3569170115V2
	
1.00%

	 	
of the Fourth Excess Catastrophe

	3569180115V2

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
10th

	
day of

	August	
in the year

	2015	.

 

Liberty Syndicates LIB 4472, Paris Office Underwriting

for and on behalf of Lloyd's Syndicate No. 4472

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Odyssey Reinsurance Company

Stamford, Connecticut

 (hereinafter referred to as the "Subscribing Reinsurer")

 

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
2.00%

	 	
of the Third Excess Catastrophe

	
1.95%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
14

	
day of

	August	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Partner Reinsurance Company Ltd.

Pembroke, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 2.00%

	 	
of the First Excess Catastrophe

	
10.00%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
1.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

As respects the Subscribing Reinsurer's share in the attached Contract, the provisions of subparagraph 4 of paragraph B of Article 2 - Commencement and Termination - shall not apply.

In Witness Whereof, the parties hereto by their respective duly authorized representatives have executed this Agreement as of the dates specified below:

 

	
This

	
5th

	
day of

	August	
in the year

	2015	.

 

	
This

	
25th

	
day of

	August	
in the year

	2015	.

 

	

	

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Peak Reinsurance Company Limited

Hong Kong

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
2.00%

	 	
of the Third Excess Catastrophe

	
2.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
24

	
day of

	August	
in the year

	2015	.

Peak Reinsurance Company Limited

 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Pioneer Underwriting Limited

for and on behalf of Taiping Reinsurance Co. Ltd.

Hong Kong

(hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
1.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
18th

	
day of

	AUGUST	
in the year

	2015	.

 

Pioneer Underwriting Limited

for and on behalf of Taiping Reinsurance Co. Ltd.

 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Pioneer Underwriting Limited

for and on behalf of Peak Reinsurance Company Limited

Hong Kong

(hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
0.60%

	 	
of the Third Excess Catastrophe

	
1.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
18th

	
day of

	AUGUST	
in the year

	2015	.

Pioneer Underwriting Limited

for and on behalf of Peak Reinsurance Company Limited

 

 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Qatar Reinsurance Company LLC

Doha, Qatar

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
1.25%

	 	
of the Third Excess Catastrophe

	
1.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
7th

	
day of

	August	
in the year

	2015	.

	

	

	
3rd-

	
4502060315

	
4th-

	
4502060415

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

QBE Reinsurance Corporation

A Pennsylvania Corporation

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
0.40%

	 	
of the Third Excess Catastrophe

	
0.40%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
10th

	
day of

	August	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Renaissance Reinsurance Ltd.

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
0%

	 	
of the First Excess Catastrophe

	
2.85%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
4.59%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In any action, suit or proceeding to enforce the Subscribing Reinsurer's obligations under the attached Contract, service of process may be made upon Thomas Dawson, Drinker Biddle & Reath, LLP, 1177 Avenue of the Americas, 41st Floor, New York, New York  10036-2714.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
28th

	
day of

	September	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

RLI Insurance Company

An Illinois Corporation

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 3.20%

	 	
of the First Excess Catastrophe

	
1.80%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
0%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
17th

	
day of

	August	
in the year

	2015	.

RLI Insurance Company

	

	
 

	
Senior Vice President RLI Re

	 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

SCOR Global P&C SE, Paris, Zurich Branch

a French Corporation

(hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
2.00%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
0%

	 	
of the Third Excess Catastrophe

	
0%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

As respects the Subscribing Reinsurer's share in the attached Contract, the following shall apply:

	1.	The following shall apply in lieu of the provisions of Article 15 - Sanctions:

		
"Article 15 - Sanctions

 

		
Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom, Switzerland or United States of America that are applicable to either party."

 

	
 

Page 1 of 2

	

	2.	The following shall apply in lieu of the provisions of the last subparagraph of paragraph A. of Article 26 - Reserves:

"The Reinsurer, at its sole option, may fund in other than cash (including the use of the Lloyd's Credit for Reinsurance Trust Funds as a funding instrument) if such method and form of funding are acceptable to the Company and to the insurance regulatory authorities involved, as the case may be."

	3.	The provisions of the Service of Suit Article (BRMA 49C) in the attached Contract shall apply to the Subscribing Reinsurer, except that service of process shall be made upon General Counsel, SCOR Reinsurance Company, 199 Water Street, New York, NY  10038, and, where required by law, shall additionally be made upon the Superintendent, Commissioner, or Director of Insurance in the state of the Company's domicile.  The provisions of the Service of Suit Article (BRMA 49C) in the attached Contract shall not be read to conflict with or override, the arbitration provisions in the Arbitration Article in the attached Contract.

In Witness Whereof, the parties hereto by their respective duly authorized representatives have executed this Agreement as of the dates specified below:

	
This

	
5th

	
day of

	August	
in the year

	2015	.

 

	
This

	
7th

	
day of

	August	
in the year

	2015	.

SCOR Global P&C SE, Paris, Zurich Branch

 

 

	
 

Page 2 of 2

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Tokio Millennium Re AG (Bermuda Branch)

Zurich, Switzerland

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 0%

	 	
of the First Excess Catastrophe

	
0%

	 	
of the Second Excess Catastrophe

	
2.25%

	 	
of the Third Excess Catastrophe

	
0%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

	
This

	
6th

	
day of

	AUGUST	
in the year

	2015	.

	
Tokio Millennium Re AG (Bermuda Branch)

	 

 

 

	 
	
 

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Transatlantic Reinsurance Company

New York, New York

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 2.00%

	 	
of the First Excess Catastrophe

	
5.00%

	 	
of the Second Excess Catastrophe

	
11.00%

	 	
of the Third Excess Catastrophe

	
7.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
10th

	
day of

	August	
in the year

	2015	.

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

XL Re Ltd

Hamilton, Bermuda

 (hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
0%

	 	
of the First Excess Catastrophe

	
3.00%

	 	
of the Second Excess Catastrophe

	
4.50%

	 	
of the Third Excess Catastrophe

	
7.00%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
17th

	
day of

	September	
in the year

	2015	.

	

	
 

 

	
XL Refs :

	
460270-1-2015-1 (2ND LAYER)

464654-1-2015-1 (3RD LAYER)

464655-1-2015-1 (4TH LAYER)

 

	
 

 

	

Interests and Liabilities Agreement

attached to and forming part of the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Certain Underwriting Members of Lloyd's

shown in the Signing Page(s) attached hereto

(hereinafter referred to as the "Subscribing Reinsurer")

The Subscribing Reinsurer hereby accepts the following percentage share(s) in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above:

	
 8.50%

	 	
of the First Excess Catastrophe

	
11.50%

	 	
of the Second Excess Catastrophe

	
29.15%

	 	
of the Third Excess Catastrophe

	
30.50%

	 	
of the Fourth Excess Catastrophe

This Agreement shall become effective at 12:01 a.m., Eastern Standard Time, July 1, 2015, and shall continue in force until 12:01 a.m., Eastern Standard Time, July 1, 2016, unless earlier terminated in accordance with the provisions of the attached Contract.

As respects the Subscribing Reinsurer's share in the attached Contract, in lieu of the provisions of the last subparagraph of paragraph A of Article 26 - Reserves - the following paragraph shall apply:

 

		
"The Reinsurer, at its sole option, may fund in other than cash (including the use of the Lloyd's Credit for Reinsurance Trust Funds as a funding instrument) if such method and form of funding are acceptable to the Company and to the insurance regulatory authorities involved, as the case may be."

In any action, suit or proceeding to enforce the Subscribing Reinsurer's obligations under the attached Contract, service of process may be made upon Mendes & Mount, LLP, 750 Seventh Avenue, New York, New York  10019.

 

	
 

Page  1 of 2

	

In Witness Whereof, the Company by its duly authorized representative has executed this Agreement as of the date specified below:

 

	
This

	
5th

	
day of

	August	
in the year

	2015	.

Signed for and on behalf of the Subscribing Reinsurer in the Signing Page(s) attached hereto.

 

	
 

Page  2 of 2

	

Signing Page

attached to and forming part of the

Interests and Liabilities Agreement

with respect to the

Excess Catastrophe Reinsurance Contract

Effective:  July 1, 2015

entered into by and between

Federated National Insurance Company

Sunrise, Florida

and

Certain Underwriting Members of Lloyd's

(Re)Insurer's Liability Clause - LMA3333

(Re)Insurer's liability several not joint

The liability of a (re)insurer under this contract is several and not joint with other (re)insurers party to this contract. A (re)insurer is liable only for the proportion of liability it has underwritten. A (re)insurer is not jointly liable for the proportion of liability underwritten by any other (re)insurer. Nor is a (re)insurer otherwise responsible for any liability of any other (re)insurer that may underwrite this contract.

The proportion of liability under this contract underwritten by a (re)insurer (or, in the case of a Lloyd's syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown next to its stamp. This is subject always to the provision concerning "signing" below.

In the case of a Lloyd's syndicate, each member of the syndicate (rather than the syndicate itself) is a (re)insurer. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member's proportion. A member is not jointly liable for any other member's proportion. Nor is any member otherwise responsible for any liability of any other (re)insurer that may underwrite this contract. The business address of each member is Lloyd's, One Lime Street, London EC3M 7HA. The identity of each member of a Lloyd's syndicate and their respective proportion may be obtained by writing to Market Services, Lloyd's, at the above address.

Proportion of liability

Unless there is "signing" (see below), the proportion of liability under this contract underwritten by each (re)insurer (or, in the case of a Lloyd's syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown next to its stamp and is referred to as its "written line".

 

Where this contract permits, written lines, or certain written lines, may be adjusted ("signed"). In that case a schedule is to be appended to this contract to show the definitive proportion of liability under this contract underwritten by each (re)insurer (or, in the case of a Lloyd's syndicate, the total of the proportions underwritten by all the members of the syndicate taken together). A definitive proportion (or, in the case of a Lloyd's syndicate, the total of the proportions underwritten by all the members of a Lloyd's syndicate taken together) is referred to as a "signed line". The signed lines shown in the schedule will prevail over the written lines unless a proven error in calculation has occurred.

 

Although reference is made at various points in this clause to "this contract" in the singular, where the circumstances so require this should be read as a reference to contracts in the plural.

 

	
 

 

	

Now Know Ye that we the Underwriters, Members of the Syndicates whose definitive numbers in the after mentioned List of Underwriting Members of Lloyd's are set out in the attached Table, hereby bind ourselves each for his own part and not one for another, our Executors and Administrators, and in respect of his due proportion only, to pay or make good to the Assured or to the Assured's Executors or Administrators or to indemnify him or them against all such loss, damage of liability as herein provided, such payment to be made after such loss, damage or liability is proved and the due proportion for which each of us, the Underwriters, is liable shall be ascertained by reference to his share, as shown in the said List, of the Amount, Percentage or Proportion of the total sum insured hereunder which is in the Table set opposite the definitive number of the Syndicate of which such Underwriter is a Member AND FURTHER THAT the List of Underwriting Members of Lloyd's referred to above shows their respective Syndicates and Shares therein, is deemed to be incorporated in and to form part of this policy, bears the number specified in the attached Table and is available for inspection at Lloyd's Policy Signing Office by the Assured or his or their representatives and a true copy of the material parts of the said List certified by the General Manager of Lloyd's Policy Signing Office will be furnished to the Assured on application.

 

In Witness  whereof the General Manager of Lloyd's Policy Signing Office has subscribed his name on behalf of each of us.

 

LLOYD'S POLICY SIGNING OFFICE,

 

General Manager

 

If this policy (or any subsequent endorsement) has been produced to you in electronic form, the original document is stored on the Insurer's Market Repository to which your broker has access.

 

(NM)

	
Definitive Numbers of Syndicates and Amount, Percentage or Proportion of the Total Sum insured hereunder shared between the Members of those Syndicates.

	
 

 

	

	
The Table of Syndicates referred to on the face of this policy follows:

 

	

BUREAU REFERENCE

PROPORTION %

	

61435 22/07/2015

SYNDICATE

	

BROKER NUMBER     1108

UNDERWRITER'S REFERENCE

	 	 	 
	3.500	
2001

	
CAC2884615HB

	
0.360

	
623

	
TG267X15APCW

	
1.640

	
2623

	
TG267X15APCW

	
1.250

	
2003

	
AF6000513473

	
1.575

	
2791

	
X1115BG02184

	
0.175

	
2791

	
X1115KX03100

	
TOTAL LINE

	
No. OF SYNDICATES

	 
	
8.500

	
6

	 

 

THE LIST OF UNDERWRITING MEMBERS 

OF LLOYD'S IS IN RESPECT OF 2015 

YEAR OF ACCOUNT

 

EFFECTIVE FROM: 01 JUL 2015

	

BUREAU USE ONLY

USE3 72       12832

	
RISK CODE: XA

	
Page 1 of 1

 

	

	
The Table of Syndicates referred to on the face of this policy follows:

 

	

BUREAU REFERENCE

PROPORTION %

	

61436 22/07/2015

SYNDICATE

	

BROKER NUMBER     1108

UNDERWRITER'S REFERENCE

	 	 	 
	2.00	
2001

	
CAC2958715MA

	
3.00

	
2001

	
XBB0387115YC

	
3.00

	
1910

	
001619012015

	
0.36

	
623

	
TG268F15APCW

	
1.64

	
2623

	
TG268F15APCW

	
0.50

	
33

	
Y2L73150AKWE

	1.00	4020	
P0315LA01500

	
TOTAL LINE

	
No. OF SYNDICATES

	 
	
11.50

	
7

	 

 

THE LIST OF UNDERWRITING MEMBERS 

OF LLOYD'S IS IN RESPECT OF 2015 

YEAR OF ACCOUNT

 

EFFECTIVE FROM: 01 JUL 2015

	

BUREAU USE ONLY

USE3 72       13211

	
RISK CODE: XA

	
Page 1 of 1

 

	

	
The Table of Syndicates referred to on the face of this policy follows:

 

	

BUREAU REFERENCE

PROPORTION %

	

61437 22/07/2015

SYNDICATE

	

BROKER NUMBER     1108

UNDERWRITER'S REFERENCE

	 	 	 
	3.50	
2001

	
CAC2958615YA

	
4.00

	
2001

	
XBB0387215BC

	
4.00

	
4444

	
L20060CAA

	
1.00

	
958

	
L20060CAA

	
2.00

	
1729

	
000284G15AD

	
3.00

	
435

	
TB252X15A000

	2.00	1910	
001620012015

	0.54	623	
TC126X15APCW 

	2.46	2623	
TC126X15APCW

	3.00	1458	
IAB101715900

	2.00	2010	
N15E4580A001

	 0.65	 1955	
011950021500

	 1.00	 4020	
P0315MA01501

	
TOTAL LINE

	
No. OF SYNDICATES

	 
	
29.15

	
13

	 

 

THE LIST OF UNDERWRITING MEMBERS 

OF LLOYD'S IS IN RESPECT OF 2015 

YEAR OF ACCOUNT

 

EFFECTIVE FROM: 01 JUL 2015

	

BUREAU USE ONLY

USE3 72       26167

	
RISK CODE: XA

	
Page 1 of 1

 

	

	
The Table of Syndicates referred to on the face of this policy follows:

 

	

BUREAU REFERENCE

PROPORTION %

	

61438 22/07/2015

SYNDICATE

	

BROKER NUMBER     1108

UNDERWRITER'S REFERENCE

	 	 	 
	3.50	
2001

	
CAC2884715WB

	
1.75

	
1274

	
300778700015

	
8.00

	
1414

	
XC15GD158J3X

	
4.00

	
4444

	
L20060CBA

	
1.00

	
958

	
L20060CBA

	
3.00

	
435

	
TB288E15A000

	1.00	
1910

	
001621012015

	0.54	623	
TC250Z15APCW

	2.46	2623	
TC250Z15APCW

	2.00	
2007

	
TM66015ACSA7

	1.35	
2791

	
X1115EG05913

	0.15 	
2791

	
X1115FX05914

	0.75 	
2088

	
AA345D15D000

	 1.00	
4020

	
P0315NA01502 

	
TOTAL LINE

	
No. OF SYNDICATES

	 
	
30.50

	
14

	 

 

THE LIST OF UNDERWRITING MEMBERS 

OF LLOYD'S IS IN RESPECT OF 2015 

YEAR OF ACCOUNT

 

EFFECTIVE FROM: 01 JUL 2015

	

BUREAU USE ONLY

USE3 72       29379

	
RISK CODE: XA

	
Page 1 of 1

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