Document:

Form of Subordinated Indenture

 Exhibit 4.2 
 APPLIED MATERIALS, INC. 
 as Issuer 

AND 

[•] 

as Trustee 

INDENTURE 

Dated as of [•] 
 SUBORDINATED DEBT SECURITIES 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	  	Definitions of Terms	  	 	1	  
		
	 ARTICLE II ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES
	  	 	8	  
			
	 Section 2.01
	  	Designation and Terms of Securities	  	 	8	  
	 Section 2.02
	  	Form of Securities and Trustee’s Certificate	  	 	11	  
	 Section 2.03
	  	Denominations; Provisions for Payment	  	 	13	  
	 Section 2.04
	  	Execution and Authentications	  	 	14	  
	 Section 2.05
	  	Transfer and Exchange	  	 	15	  
	 Section 2.06
	  	Temporary Securities	  	 	21	  
	 Section 2.07
	  	Mutilated, Destroyed, Lost or Stolen Securities	  	 	21	  
	 Section 2.08
	  	Cancellation	  	 	22	  
	 Section 2.09
	  	Benefits of Indenture	  	 	22	  
	 Section 2.10
	  	Authenticating Agent	  	 	22	  
	 Section 2.11
	  	Global Securities	  	 	23	  
	 Section 2.12
	  	CUSIP Numbers	  	 	23	  
	 Section 2.13
	  	Securities Denominated in Foreign Currencies	  	 	23	  
	 Section 2.14
	  	Wire Transfers	  	 	24	  
	 Section 2.15
	  	Designated Currency	  	 	24	  
		
	 ARTICLE III REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS
	  	 	25	  
			
	 Section 3.01
	  	Redemption	  	 	25	  
	 Section 3.02
	  	Notice of Redemption	  	 	25	  
	 Section 3.03
	  	Payment Upon Redemption	  	 	26	  
	 Section 3.04
	  	Sinking Fund	  	 	26	  
	 Section 3.05
	  	Satisfaction of Sinking Fund Payments with Securities	  	 	27	  
	 Section 3.06
	  	Redemption of Securities for Sinking Fund	  	 	27	  
		
	 ARTICLE IV CERTAIN COVENANTS
	  	 	27	  
			
	 Section 4.01
	  	Payment of Principal, Premium and Interest	  	 	27	  
	 Section 4.02
	  	Maintenance of Office or Agency	  	 	27	  
	 Section 4.03
	  	Paying Agents	  	 	28	  
	 Section 4.04
	  	Statement by Officers as to Default	  	 	28	  
	 Section 4.05
	  	Appointment to Fill Vacancy in Office of Trustee	  	 	29	  
	 Section 4.06
	  	Existence	  	 	29	  
		
	 ARTICLE V SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	  	 	29	  
			
	 Section 5.01
	  	Company to Furnish Trustee Names and Addresses of Securityholders	  	 	29	  
	 Section 5.02
	  	Preservation of Information; Communications with Securityholders	  	 	29	  
	 Section 5.03
	  	Reports by the Company	  	 	29	  

  
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 TABLE OF CONTENTS 

(Continued) 
  

							
	 	  	 	  	Page	 
	 Section 5.04
	  	Reports by the Trustee	  	 	30	  
		
	 ARTICLE VI REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
	  	 	30	  
			
	 Section 6.01
	  	Events of Default	  	 	30	  
	 Section 6.02
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	32	  
	 Section 6.03
	  	Application of Funds Collected	  	 	33	  
	 Section 6.04
	  	Limitation on Suits	  	 	33	  
	 Section 6.05
	  	Rights and Remedies Cumulative; Delay or Omission not Waiver	  	 	34	  
	 Section 6.06
	  	Control by Securityholders	  	 	34	  
	 Section 6.07
	  	Undertaking to Pay Costs	  	 	35	  
	 Section 6.08
	  	Waiver of Usury, Stay Or Extension Laws	  	 	35	  
		
	 ARTICLE VII CONCERNING THE TRUSTEE
	  	 	35	  
			
	 Section 7.01
	  	Certain Duties and Responsibilities of Trustee	  	 	36	  
	 Section 7.02
	  	Certain Rights of Trustee	  	 	36	  
	 Section 7.03
	  	Trustee not Responsible for Recitals or Issuance of Securities	  	 	38	  
	 Section 7.04
	  	May Hold Securities	  	 	38	  
	 Section 7.05
	  	Funds Held in Trust	  	 	38	  
	 Section 7.06
	  	Compensation and Reimbursement	  	 	38	  
	 Section 7.07
	  	Reliance on Officer’s Certificate	  	 	39	  
	 Section 7.08
	  	Disqualification; Conflicting Interests	  	 	39	  
	 Section 7.09
	  	Corporate Trustee Required; Eligibility	  	 	39	  
	 Section 7.10
	  	Resignation and Removal; Appointment of Successor	  	 	40	  
	 Section 7.11
	  	Acceptance of Appointment By Successor	  	 	41	  
	 Section 7.12
	  	Merger, Conversion, Consolidation or Succession to Business	  	 	42	  
	 Section 7.13
	  	Preferential Collection of Claims Against the Company	  	 	42	  
		
	 ARTICLE VIII CONCERNING THE SECURITYHOLDERS
	  	 	42	  
			
	 Section 8.01
	  	Evidence of Action by Securityholders	  	 	42	  
	 Section 8.02
	  	Proof of Execution by Securityholders	  	 	44	  
	 Section 8.03
	  	Who May be Deemed Owners	  	 	44	  
	 Section 8.04
	  	Certain Securities Owned by Company Disregarded	  	 	44	  
	 Section 8.05
	  	Actions Binding on Future Securityholders	  	 	45	  
		
	 ARTICLE IX SUPPLEMENTAL INDENTURES
	  	 	45	  
			
	 Section 9.01
	  	Supplemental Indentures Without the Consent of Securityholders	  	 	45	  
	 Section 9.02
	  	Supplemental Indentures with Consent of Securityholders	  	 	46	  
	 Section 9.03
	  	Effect of Supplemental Indentures	  	 	47	  
	 Section 9.04
	  	Securities Affected by Supplemental Indentures	  	 	48	  
	 Section 9.05
	  	Execution of Supplemental Indentures	  	 	48	  
		
	 ARTICLE X SUCCESSOR
	  	 	48	  
			
	 Section 10.01
	  	Consolidation, Merger and Sale of Assets	  	 	48	  
	 Section 10.02
	  	Successor Person Substituted	  	 	49	  

  
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 TABLE OF CONTENTS 

(Continued) 
  

							
	 	  	 	  	Page	 
	 ARTICLE XI SATISFACTION AND DISCHARGE
	  	 	50	  
			
	 Section 11.01
	  	Applicability of Article	  	 	50	  
	 Section 11.02
	  	Satisfaction and Discharge of Indenture	  	 	50	  
	 Section 11.03
	  	Defeasance and Discharge of Obligations; Covenant Defeasance	  	 	51	  
	 Section 11.04
	  	Deposited Funds to be Held in Trust	  	 	53	  
	 Section 11.05
	  	Payment of Funds Held by Paying Agents	  	 	53	  
	 Section 11.06
	  	Repayment to the Company	  	 	53	  
	 Section 11.07
	  	Reinstatement	  	 	53	  
		
	 ARTICLE XII IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
	  	 	54	  
			
	 Section 12.01
	  	No Recourse	  	 	54	  
		
	 ARTICLE XIII MISCELLANEOUS PROVISIONS
	  	 	54	  
			
	 Section 13.01
	  	Effect on Successors and Assigns	  	 	54	  
	 Section 13.02
	  	Actions by Successor	  	 	54	  
	 Section 13.03
	  	Notices	  	 	55	  
	 Section 13.04
	  	Governing Law	  	 	56	  
	 Section 13.05
	  	Treatment of Securities as Debt	  	 	56	  
	 Section 13.06
	  	Compliance Certificates and Opinions	  	 	56	  
	 Section 13.07
	  	Payments on Business Days	  	 	56	  
	 Section 13.08
	  	Conflict with Trust Indenture Act	  	 	56	  
	 Section 13.09
	  	Counterparts	  	 	56	  
	 Section 13.10
	  	Separability	  	 	57	  
	 Section 13.11
	  	No Adverse Interpretation of Other Agreements	  	 	57	  
	 Section 13.12
	  	Table of Contents, Headings, Etc.	  	 	57	  
	 Section 13.13
	  	Consent to Jurisdiction and Service of Process	  	 	57	  
	 Section 13.14
	  	Waiver of Jury Trial	  	 	57	  
	 Section 13.15
	  	USA Patriot Act	  	 	58	  
	 Section 13.16
	  	Force Majeure	  	 	58	  
		
	 ARTICLE XIV SUBORDINATION OF SECURITIES
	  	 	58	  
			
	 Section 14.01
	  	Agreement of Subordination	  	 	58	  
	 Section 14.02
	  	Payment to Securityholders	  	 	58	  
	 Section 14.03
	  	Subrogation of Securities	  	 	60	  
	 Section 14.04
	  	Authorization by Securityholders	  	 	60	  
	 Section 14.05
	  	Notice to Trustee	  	 	61	  
	 Section 14.06
	  	Trustee’s Relation to Senior Indebtedness	  	 	61	  
	 Section 14.07
	  	No Impairment of Subordination	  	 	62	  
	 Section 14.08
	  	Rights of Trustee	  	 	62	  

  
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 Cross Reference Table * 

 

			
	 Section of Trust Indenture Act of 1939, as amended
	  	 Section of Indenture

	 310(a)
	  	7.09
	 310(b)
	  	 7.08

7.10(b)

	 310(c)
	  	Inapplicable
	 311(a)
	  	7.13
	 311(b)
	  	7.13
	 311(c)
	  	Inapplicable
	 312(a)
	  	 5.01

5.02(a)

	 312(b)
	  	5.02(b)
	 312(c)
	  	Inapplicable
	 313(a)
	  	5.04(a)
	 313(b)
	  	Inapplicable
	 313(c)
	  	Inapplicable
	 313(d)
	  	5.04(b)
	 314(a)
	  	5.03
	 314(b)
	  	Inapplicable
	 314(c)
	  	13.06(a)
	 314(d)
	  	Inapplicable
	 314(e)
	  	13.06(b)
	 314(f)
	  	Inapplicable
	 315(a)
	  	7.01(b)(1)(i)
	 315(b)
	  	6.01(e)
	 315(c)
	  	7.01(a)
	 315(d)
	  	7.01(b)(1)
	 315(e)
	  	6.07
	 316(a)
	  	6.06, 8.04
	 316(b)
	  	6.04
	 316(c)
	  	8.01
	 317(a)
	  	6.02(d)
	 317(b)
	  	4.03(b)
	 318(a)
	  	13.08

  

	*	This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions.

  
 -iv-

 THIS INDENTURE is dated as of [•] among APPLIED MATERIALS, INC., a Delaware corporation
(the “Company”) and [•] (the “Trustee”). 
 RECITALS 

A. This Indenture provides for the issuance of unsecured subordinated debt securities (the “Securities”), in an
unlimited aggregate principal amount to be issued from time to time in one or more series, to be authenticated by the certificate of the Trustee. 
 B. This Indenture is subject to the provisions of the Trust Indenture Act (as defined below) that are deemed to be incorporated into this Indenture and shall, to the extent applicable, be governed by such
provisions. 
 C. All things necessary to make this Indenture a valid and legally binding agreement, in accordance with its
terms, have been done. 
 NOW, THEREFORE, in consideration of the premises and the purchase of the Securities by the holders
thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the holders of Securities: 

ARTICLE I. 

DEFINITIONS 
 Section 1.01 Definitions of Terms. 
 The terms defined in this
Section 1.01 (except as in this Indenture otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this
Section 1.01 and shall include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act or that are by reference in the Trust Indenture Act defined in the Securities Act of 1933, as
amended (the “Securities Act”) (except as herein otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in the Trust Indenture Act and in the Securities Act as in force
at the date of the execution of this instrument. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with U.S. GAAP at the time of any computation. 

“144A Global Security”, with respect to any series of Securities, means one or more Global Securities, bearing the
Private Placement Legend, that will be issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Securities of such series sold in global form in reliance on Rule 144A. 

“Affiliate”, with respect to any specified Person, means any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of
such Person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

 “Applicable Procedures”, with respect to any transfer or exchange of or for
beneficial interests in any Global Security for a series of Securities, means the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange at the relevant time. 

“Authenticating Agent” means an authenticating agent with respect to all or any of the series of Securities appointed
with respect to all or any series of the Securities by the Trustee pursuant to Section 2.10. 
 “Bankruptcy
Law” means Title 11, United States Code, or any similar federal or state law for the relief of debtors. 

“Board of Directors” means the Board of Directors of the Company or any duly authorized committee of such Board of
Directors. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by its Board of Directors and to be in full force and effect on the date of such certification. 
 “Business Day”, with respect to any series of Securities, means any day other than Saturday, Sunday or a day on which Federal or State banking institutions in the Borough of Manhattan,
The City of New York, or in the city where the office or agency for payment on the Securities is maintained pursuant to Section 4.02, are authorized or obligated by law, executive order or regulation to close. 

“Capital Stock” of any Person means any and all shares, interests, participations, rights in or other equivalents
(however designated) of such Person’s capital stock, other equity interests whether now outstanding or issued after the date of this Indenture, partnership interests (whether general or limited), any other interest or participation that confers
on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person and any rights (other than debt securities convertible into Capital Stock), warrants or options exchangeable for or convertible
into such Capital Stock. 
 “Clearstream” means Clearstream Banking S.A., or its successors. 

“Commission” means the Securities and Exchange Commission. 

“Company” means Applied Materials, Inc. until a successor entity shall have become such pursuant to Article X, and
thereafter “Company” shall mean such successor entity. 
 “Company Request” means a written request
or order signed in the name of the Company by its chairman of the Board, its vice chairman of the Board, its president or a vice president, and by its treasurer, an assistant treasurer, its secretary or an assistant secretary, and delivered to the
Trustee. 
 “Corporate Trust Office” means the office of the Trustee at which, at any particular time, its
corporate trust business shall be principally administered, which office at the date hereof is located at [•]. 

“Currency” means Dollars or Foreign Currency. 
 “Custodian” means any custodian, receiver, trustee, assignee, liquidator or other similar official under any proceedings under any Bankruptcy Law. 

  
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 “Default” means any event, act or condition that with notice or lapse of
time, or both, would constitute an Event of Default. 
 “Defaulted Interest” has the meaning set forth in
Section 2.03. 
 “Definitive Security” means a certificated Security registered in the name of the
Securityholder thereof and issued in accordance with Section 2.05. 
 “Depositary”, with respect to
Securities of any series which the Company shall determine will be issued in whole or in part as a Global Security, means The Depository Trust Company (“DTC”), New York, New York, another clearing agency, or any successor registered
as a clearing agency under the Exchange Act, and any other applicable U.S. or foreign statute or regulation, which, in each case, shall be designated by the Company pursuant to Section 2.01. 

“Designated Currency” has the meaning set forth in Section 2.15. 

“Distribution Compliance Period” means the restricted period as defined in Rule 903(b)(3) under the Securities Act.

 “Dollar” or “$” means a U.S. dollar or other equivalent unit in such coin or currency of
the United States as at the time of payment is legal tender for the payment of public and private debts. 
 “Dollar
Equivalent” means, with respect to any monetary amount in a Foreign Currency, at any time for the determination thereof, the amount of Dollars obtained by converting such Foreign Currency involved in such computation into Dollars at the
spot rate for the purchase of Dollars with the applicable Foreign Currency as quoted by a financial institution designated by the Company in New York, New York, at approximately 11:00 a.m. (New York time) on the date two business days prior to such
determination. 
 “Expiration Date” has the meaning specified in Section 8.01. 

“Euroclear” means Euroclear Bank S.A./N.V., or its successor, as operator of the Euroclear System. 

“Event of Default”, with respect to Securities of a particular series, means any event specified in Section 6.01,
continued for the period of time, if any, therein designated. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Foreign Currency” means a currency issued by the government of any country other
than the United States or a composite currency the value of which is determined by reference to the values of the currencies of any group of countries. 
 “Global Security”, with respect to any series of Securities, means a Security executed by the Company and delivered by the Trustee to the Depositary or pursuant to the Depositary’s
instruction, all in accordance with this Indenture, which shall be registered in the name of the Depositary or its nominee. 

  
 -3-

 “Governmental Obligations” means securities that are (i) direct
obligations of the United States for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States, the payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States that, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined
in Section 3(a)(2) of the Securities Act) as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder
of such depositary receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in
respect of the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt. 
 “herein,” “hereof” and “hereunder,” and other words of similar import, refer to this Indenture as a whole and not to any particular Article,
Section or other subdivision. 
 “including” means including without limitation. 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by
one or more indentures supplemental hereto entered into in accordance with the terms hereof. 
 “Indirect
Participant” means any entity that, with respect to DTC, clears through or maintains a direct or indirect, custodial relationship with a Participant. 
 “Institutional Accredited Investor” means an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act,
who is not also a QIB. 
 “Interest Payment Date,” when used with respect to any installment of interest on a
Security of a particular series, means the date specified herein, in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the fixed date on which an installment of interest with respect to
Securities of that series is due and payable. 
 “Officer” means any managing director, the chairman or any
vice chairman of the Board of Directors, the chief executive officer, the president, the chief financial officer, the chief operating officer, the chief accounting officer, the controller, the general counsel, any vice president, the treasurer, any
assistant treasurer, the secretary or any assistant secretary of the Company. 
 “Officer’s Certificate”
means a certificate, signed by any managing director or by the chairman or any vice chairman of the Board of Directors, or the chief executive officer, president, chief financial officer or vice president or the secretary or any assistant secretary
or the treasurer or any assistant treasurer of the Company that is delivered to the Trustee in accordance with the terms hereof. Each such certificate shall include the statements provided for in Section 13.06, if and to the extent required by
the provisions thereof. 
 “Opinion of Counsel” means an opinion in writing of legal counsel, who may be an
Officer or employee of or counsel for the Company that is delivered to the Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in Section 13.06, if and to the extent required by the
provisions thereof. Opinions of Counsel may rely as to factual matters on certificates of the Company or 

  
 -4-

 
governmental or other officials customary for opinions of the type required, including certificates certifying as to matters of fact. 

“Original Issue Discount Security” means a Security that provides for an amount less than the principal amount thereof
to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01. 

“Other Additional Amounts” has the meaning set forth in Section 10.03. 

“Outstanding”, when used with reference to Securities of any series, subject to the provisions of Section 8.04,
means, as of any particular time, all Securities of such series authenticated and delivered by the Trustee under this Indenture, except 
 (a) Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (b) Securities, or portions thereof, for the payment or redemption of which funds in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent other than the
Company, or, if the Company shall act as its own paying agent, shall have been set aside, segregated and held in trust by the Company for the Holders of such Securities, provided that if such Securities, or portions thereof, are to be redeemed prior
to the maturity thereof, notice of such redemption shall have been given as herein provided, or provision satisfactory to the Trustee shall have been made for giving such notice; and 

(c) Securities in substitution for which other Securities shall have been authenticated and delivered, or which shall have been paid,
pursuant to the terms of Section 2.07, except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a person in whose hands such Security is a legal, valid and binding
obligation of the Company. 
 In determining whether the holders of the requisite principal amount of Outstanding Securities of
any series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purposes shall be the amount of the
principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01 and the principal amount of a Security denominated in one or more
currencies that shall be deemed to be Outstanding for such purposes shall be based on the Dollar Equivalent on the date of original issuance of such Security, of the principal amount of such Security. 

“Participant”, with respect to the Depositary, Euroclear or Clearstream, means a Person who has an account with the
Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 

“Periodic Offering” means an offering of Securities of a series from time to time, during which any or all of the
specific terms of the Securities, including the rate or rates of interest, if any, thereon, the maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Company or its agents upon the
issuance of such Securities in accordance with the terms of the relevant Supplemental Indenture. 
 “Person”
means any individual, corporation, limited liability company, partnership, joint venture, joint-stock company, association, trust, unincorporated organization or government or any agency or political subdivision thereof; provided,
however, for the purposes of Article X, “Person” shall not include any 

  
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individual, joint venture, association, unincorporated organization or government or any agency or political subdivision thereof. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same
debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt
as the lost, destroyed or stolen Security. 
 “Private Placement Legend” means the legend set forth in
Section 2.02(b) to be placed on all Restricted Securities issued under this Indenture or pursuant to a Board Resolution or an indenture supplemental hereto with respect to a series of Securities, except where specifically stated otherwise by
the provisions of this Indenture, such Board Resolution or such supplemental indenture. 
 “QIB” means a
“qualified institutional buyer” as defined in Rule 144A. 
 “Regulation S Global Security”
means, with respect to any series of Securities, a Regulation S Temporary Global Security of such series, if required by Rule 903 of Regulation S, or a Regulation S Permanent Global Security of such series, as the case may be.

 “Regulation S Permanent Global Security”, with respect to any series of Securities, means one or more
permanent Global Securities, bearing the Private Placement Legend, that will be issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Securities of such series initially sold or, if required by
Rule 903 of Regulation S, of the Regulation S Temporary Global Security of such series upon expiration of the Distribution Compliance Period with respect to such series, as the case may be. 

“Regulation S Temporary Global Security”, with respect to any series of Securities, means one or more temporary
Global Securities, bearing the Private Placement Legend, and the Regulation S Temporary Global Security Legend issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Securities of such series
initially sold, if required by Rule 903 of Regulation S. 
 “Regulation S Temporary Global Security
Legend” means the legend set forth in Section 2.02(d), which is required to be placed on all Regulation S Temporary Global Securities issued under this Indenture. 

“Regulation S” means Regulation S promulgated under the Securities Act, as it may be amended from time to
time, and any successor provision thereto. 
 “Responsible Officer” means any vice president, any trust
officer, any assistant trust officer, any assistant vice president, any assistant treasurer, or any other officer of the Trustee customarily performing functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of his knowledge of and familiarity with the particular subject. 
 “Restricted Definitive Security”, with respect to any series of Securities, means one or more Definitive Securities of such series bearing the Private Placement Legend issued under this
Indenture. 
 “Restricted Global Security”, with respect to any series of Securities, means one or more Global
Securities of such series bearing the Private Placement Legend, issued under this Indenture. 

  
 -6-

 “Restricted Security”, with respect to any series of Securities, means a
Security of such series, unless or until it has been (i) effectively registered under the Securities Act and disposed of in accordance with a registration statement with respect to such series or (ii) eligible to be resold pursuant to
Rule 144 under the Securities Act (or any similar provision then in force). 
 “Rule 144A” means
Rule 144A promulgated under the Securities Act, as it may be amended from time to time, and any successor provision thereto. 
 “Securities” means the securities authenticated and delivered under this Indenture. 
 “Securityholder,” “Holder,” “holder of Securities,” “registered holder,” or other similar term, means the Person or Persons in whose
name or names a particular Security shall be registered on the books of the Company kept for that purpose in accordance with the terms of this Indenture. 
 “Security Register” has the meaning set forth in Section 2.05(a). 
 “Security Registrar” has the meaning set forth in Section 2.05(a). 
 “Senior Indebtedness” of a Person means the principal of, premium, if any, interest on, and any other payment due pursuant to any of the following, whether outstanding at the date hereof
or hereafter incurred or created: 
 (a) all of the indebtedness of that Person for money borrowed; 

(b) all of the indebtedness of that Person evidenced by notes, debentures, bonds or other securities sold by that Person for money;

 (c) all of the lease obligations which are capitalized on the books of that Person in accordance with generally accepted
accounting principles; 
 (d) all indebtedness of others of the kinds described in either of the preceding clauses (a) or
(b) above and all lease obligations of others of the kind described in the preceding clause (c) above that the Person, in any manner, assumes or guarantees or that the Person in effect guarantees through an agreement to purchase, whether
that agreement is contingent or otherwise; and 
 (e) all renewals, extensions or refundings of indebtedness of the kinds
described in any of the preceding clauses (a), (b) and (d) and all renewals or extensions of leases of the kinds described in either of the preceding clauses (c) or (d) above; 

unless, in the case of any particular indebtedness, renewal, extension or refunding, the instrument or lease creating or
evidencing it or the assumption or guarantee relating to it expressly provides that such indebtedness, renewal, extension or refunding is not superior in right of payment to the Securities. 

“Stated Maturity”, when used with respect to any Security or any installment of principal thereof or interest thereon,
means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 

  
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 “Subsidiary”, with respect to any Person, means any other Person of which
at least a majority of the outstanding Voting Stock at the time is owned or controlled directly or indirectly by such Person or by one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person. 

“Taxes” has the meaning set forth in Section 10.03. 

“Trustee” means [•] and, subject to the provisions of Article VII, shall include its successors and assigns. The
term “Trustee” as used with respect to a particular series of the Securities shall mean the trustee with respect to that series. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in effect at the date of execution of this instrument subject to the provisions of Sections 9.01, 9.02,
and 10.01. 
 “Unrestricted Definitive Security”, with respect to any series of Securities, means one or more
Definitive Securities representing such series of Securities that do not bear and are not required to bear the Private Placement Legend, issued under this Indenture. 
 “Unrestricted Global Security”, with respect to any series of Securities, means one or more permanent Global Securities representing such series of Securities that do not bear and are not
required to bear the Private Placement Legend, issued under this Indenture. 
 “Unrestricted Securities”, with
respect to any series of Securities, means a Security (i) effectively registered under the Securities Act and disposed of in accordance with a registration statement with respect to such series or (ii) distributed to the public pursuant to
Rule 144 under the Securities Act (or any similar provision then in force). 
 “U.S. GAAP” means United
States generally accepted accounting principles set forth in the FASB Accounting Standards Codification or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect
from time to time. 
 “Voting Stock” of a Person means Capital Stock of such Person of any class or kind the
holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right to vote has been suspended by the happening of such a
contingency. 
 ARTICLE II. 
 ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND 
 EXCHANGE OF
SECURITIES 
 Section 2.01 Designation and Terms of Securities. 

(a) The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is
unlimited. The Securities may be issued in one or more series up to the aggregate principal amount of Securities of that series from time to time authorized by or pursuant to a Board Resolution of the Company or pursuant to one or more indentures
supplemental hereto. Prior to the initial issuance of Securities of any series, there shall be established in or pursuant to a Board Resolution of the Company, and set forth in an Officer’s Certificate of the Company, or established in one or
more indentures supplemental hereto, with respect to the Securities of the series: 

  
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 (1) the title of the Security of the series (which shall distinguish the
Securities of the series from all other Securities); 
 (2) any limit upon the aggregate principal amount of the
Securities of that series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, other Securities of that series);

 (3) the date or dates on which the principal and premium, if any, of the Securities of the series is payable;

 (4) the rate or rates (which may be fixed or variable) at which the Securities of the series shall bear
interest or the manner of calculation of such rate or rates, if any (including any procedures to vary or reset such rate or rates), and the basis upon which interest will be calculated if other than that of a 360 day year of twelve 30-day months;

 (5) the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest
will be payable or the manner of determination of such Interest Payment Dates, and the record date for the determination of holders to whom interest is payable on any such Interest Payment Dates; 

(6) any trustees, authenticating agents or paying agents with respect to such series, if different from those set forth in
this Indenture; 
 (7) the right, if any, to extend the interest payment periods or defer the payment of interest
and the duration of such extension or deferral; 
 (8) the period or periods within which, the price or prices at
which and the terms and conditions upon which, Securities of the series may be redeemed, in whole or in part, at the option of the Company; 
 (9) the obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund or analogous provisions (including payments made in cash in anticipation of
future sinking fund obligations) or at the option of a holder thereof and the period or periods within which, the price or prices at which, and the terms and conditions upon which, Securities of the series shall be redeemed, purchased or repaid, in
whole or in part, pursuant to such obligation; 
 (10) the form of the Securities of the series including the
form of the Trustee’s certificate of authentication for such series; 
 (11) if other than denominations of
$2,000 or any integral multiple of $1,000 in excess thereof, the denominations in which the Securities of the series shall be issuable; 
 (12) the Currency or Currencies in which payment of the principal of, premium, if any, and interest on, Securities of the series shall be payable; 

(13) if the principal amount payable at the Stated Maturity of Securities of the series will not be determinable as of any
one or more dates prior to such Stated Maturity, the amount which will be deemed to be such principal amount as of any such date for any purpose, including the principal amount thereof which will be due and payable upon any maturity other than the
Stated Maturity or which will 

  
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be deemed to be Outstanding as of any such date (or, in any such case, the manner in which such deemed principal amount is to be determined); 

(14) the terms of any repurchase or remarketing rights; 

(15) if the Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities,
the type of Global Security to be issued; the terms and conditions, if different from those contained in this Indenture, upon which such Global Security or Securities may be exchanged in whole or in part for other individual Securities in definitive
registered form; the Depositary for such Global Security or Securities; and the form of any legend or legends to be borne by any such Global Security or Securities in addition to or in lieu of the legends referred to in Section 2.02;

 (16) whether the Securities of the series will be convertible into or exchangeable for other Securities,
common shares or other securities of any kind of the Company or another obligor, and, if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, including the initial conversion or exchange price or rate or
the method of calculation, how and when the conversion price or exchange ratio may be adjusted, whether conversion or exchange is mandatory, at the option of the holder or at the Company’s option, the conversion or exchange period, and any
other provision in addition to or in lieu of those described herein; 
 (17) if other than the principal amount
thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.01; 

(18) any additional restrictive covenants or Events of Default that will apply to the Securities of the series, or any
changes to the restrictive covenants set forth in Article IV or the Events of Default set forth in Section 6.01 that will apply to the Securities of the series, which may consist of establishing different terms or provisions from those set
forth in Article IV or Section 6.01 or eliminating any such restrictive covenant or Event of Default with respect to the Securities of the series; 
 (19) any provisions granting special rights to holders when a specified event occurs; 
 (20) if the amount of principal or any premium or interest on Securities of a series may be determined with reference to an index or pursuant to a formula, the manner in which such amounts will be
determined; 
 (21) any special tax implications of the Securities, including provisions for Original Issue
Discount Securities, if offered; 
 (22) whether and upon what terms Securities of a series may be defeased if
different from the provisions set forth in this Indenture; 
 (23) with regard to the Securities of any series
that do not bear interest, the dates for certain required reports to the Trustee; 
 (24) whether the Securities
of the series will be issued as Unrestricted Securities or Restricted Securities, and, if issued as Restricted Securities, the rule or regulation promulgated under the Securities Act in reliance on which they will be sold; and 

  
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 (25) any and all additional, eliminated or changed terms that shall apply to
the Securities of the series, including any terms that may be required by or advisable under United States laws or regulations (including the Securities Act and the rules and regulations promulgated thereunder) or advisable in connection with the
marketing of Securities of that series. 
 (b) All Securities of any one series shall be substantially identical,
except that Securities of any particular series may be issued at various times, in different denominations, with different currency of payments due thereunder, with different dates on which the principal or any installment of principal is payable,
with different rates of interest, if any, or different methods by which rates of interest may be determined, with different dates from which such interest may accrue or on which such interest may be payable, and with different redemption dates,
except as may otherwise be provided in or pursuant to any such Board Resolution or in any supplemental indenture. If any of the terms of the series are established by action taken pursuant to a Board Resolution of the Company, a copy of an
appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officer’s Certificate of the Company setting forth the terms of the
series. The terms of the Securities of any series may provide that such Securities shall be authenticated and delivered by the Trustee upon original issuance from time to time upon written order of persons designated in such Board Resolution or
supplemental indenture and that such persons are authorized to determine, consistent with such Board Resolution or supplemental indenture, such terms and conditions of the Securities of such series. 

Section 2.02 Form of Securities and Trustee’s Certificate. 

(a) The Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall
be substantially of the tenor as set forth in an indenture supplemental hereto or as provided in a Board Resolution of the Company and as set forth in an Officer’s Certificate of the Company and may have such letters, numbers or other marks of
identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, any Board Resolution or any indenture
supplemental hereto, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Securities of that series may be listed, or to conform to usage.

 (b) Each Restricted Security (and all Restricted Securities issued in exchange therefor or substitution
thereof) shall bear a Private Placement Legend in substantially the following form: 
 “THE SECURITY (OR ITS PREDECESSOR)
EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION
5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (1)(a) TO A PERSON WHOM
THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED 

  
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INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN ACCORDANCE WITH ANOTHER
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR ITS AFFILIATES OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.”

 (c) To the extent required by the Depositary for particular series of Securities, each Global Security of such
series shall bear legends in substantially the following forms: 
 “THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS
DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS
HEREON AS MAY BE REQUIRED OR PERMITTED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.05(C) OF THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR
CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.” 
 “UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY
A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF HAS AN INTEREST HEREIN.” 
 (d) To the extent required by the Depositary, each
Regulation S Temporary Global Security shall bear a legend in substantially the following form: 

  
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 “THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL SECURITY, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE SECURITIES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN).” 
 Section 2.03 Denominations; Provisions for Payment. 
 The Securities shall
be issuable as registered Securities and in the denominations of $2,000 or any integral multiple of $1,000 in excess thereof, subject to Section 2.01(a)(11). The Securities of a particular series shall bear interest payable on the dates and at
the rate specified as provided in Section 2.01 with respect to that series. The principal of and the interest on the Securities of any series, as well as any premium thereon in case of redemption thereof prior to maturity, shall be payable in
Dollars except as otherwise specified pursuant to Section 2.01(a)(12), at the office or agency of the Company maintained for that purpose pursuant to Section 4.02. Each Security shall be dated the date of its authentication. Unless
otherwise specified with respect to a series of Securities in accordance with the provisions of Section 2.01(a)(4), interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months. 

The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for
Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment. In the event that any Security
of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be
paid upon presentation and surrender of such Security as provided in Section 3.03. 
 Unless otherwise set forth in a Board
Resolution or one or more indentures supplemental hereto establishing the terms of any series of any Securities pursuant to Section 2.01, the term “regular record date” as used in this Section 2.03 with respect to a series of
Securities shall mean a date 15 days immediately preceding any Interest Payment Date without regard to whether such day is a Business Day. Subject to the provisions of this Section 2.03, each Security of a series delivered under this Indenture
upon registration of transfer or in exchange for or in lieu of any other Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security. 

Unless otherwise specified with respect to a series of Securities in accordance with the provisions of Section 2.01, any interest on
any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for such Security (“Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant
regular record date, and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (1) or clause (2) below. 
 (1) The Company may make payment of any Defaulted Interest on Securities to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business
on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner: the Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the
date of the proposed payment, and at the same time the Company shall deposit with the Trustee funds in an amount equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the
Trustee for such deposit prior to the date of the proposed payment, such funds when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as provided in this clause (1). Thereupon the Trustee shall fix a
special record date for the payment of such Defaulted Interest which shall not be more than 15 nor less 

  
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than ten days prior to the date of the proposed payment and not less than ten days after the receipt by the Trustee of the notice of the proposed payment. The Trustee promptly shall notify the
Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid, to each
Securityholder at his or her address as it appears in the Security Register, not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been mailed
as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered on such special record date and shall not be payable pursuant to the following clause (2).

 (2) The Company may make payment of any Defaulted Interest on any Securities in any other lawful manner not
inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange. 
 Section 2.04 Execution and Authentications. 
 The Securities shall be
signed on behalf of the Company by any member of the Board of Directors of the Company or by both (a) its president, chief financial officer or vice president and (b) its secretary, any assistant secretary, its treasurer or any assistant
treasurer. Signatures may be in the form of a manual or facsimile signature. In the case of Definitive Securities of any series, such signatures may be imprinted or otherwise reproduced on such Securities. The Securities may contain such notations,
legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its authentication by the Trustee. 
 A Security shall not be valid until authenticated manually by an authorized signatory of the Trustee or by an Authenticating Agent. Such signature shall be conclusive evidence that the Security so
authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver
Securities of any series executed by the Company to the Trustee for authentication, together with a written order of the Company for the authentication and delivery of such Securities, signed by an Officer (an “Authentication
Order”), and the Trustee in accordance with such written order shall authenticate and deliver such Securities. 

Notwithstanding the provisions of Section 2.01 and the preceding paragraph, in the case of Securities offered in a Periodic
Offering, the Trustee shall authenticate and deliver such Securities from time to time in accordance with instructions or such other procedures acceptable to the Trustee as may be specified by or pursuant to a supplemental indenture or the written
order of the Company delivered to the Trustee prior to the time of the first authentication of Securities of such series. With respect to Securities of a series subject to a Periodic Offering, the Trustee may conclusively rely, as to the
authorization by the Company of any of such Securities, the forms and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the written order of the Company, Opinion of Counsel, Officer’s Certificate and
other documents delivered pursuant to this Section 2.04 at or prior to the time of the first authentication of Securities of such series unless and until such written order, Opinion of Counsel, Officer’s Certificate or other documents have
been superseded or revoked or expire by their terms. 

  
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 Section 2.05 Transfer and Exchange. 

(a) Registration of Transfer and Exchange. The Company shall keep, or cause to be kept, at its office or agency
designated for such purpose as provided in Section 4.02, a register or registers (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities and the
transfers of Securities as provided in this Article II and which at all reasonable times shall be open for inspection by the Trustee. The registrar for the purpose of registering Securities and the transfer of Securities as herein provided shall be
appointed as authorized by Board Resolution (the “Security Registrar”). If the Company fails to appoint or maintain another entity as Security Registrar, the Trustee shall act as such. The Company or any of its Subsidiaries may act
as Security Registrar. 
 To permit registrations of transfers and exchanges, the Company shall execute a new Security or
Securities of the same series as the Security presented for a like aggregate principal amount and in authorized denominations and the Trustee shall authenticate and deliver such Security or Securities upon receipt of an Authentication Order. The
Trustee shall not be required to register the transfer of or exchange any Security selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company,
evidencing the same indebtedness, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. Prior to such due presentment for the registration of a transfer of any Security,
the Trustee, the Company, any paying agent and the Security Registrar may deem and treat the Person in whose name any Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and interest on
such Securities and for all other purposes, and none of the Trustee, the Company, the paying agent or the Security Registrar shall be affected by notice to the contrary. 
 All certifications, certificates and opinions of counsel required to be submitted to the Trustee pursuant to this Section 2.05 to effect a registration of transfer or exchange may be submitted by
facsimile. 
 (b) Service Charge. No service charge shall be payable by a holder of a beneficial interest
in a Global Security or by a Holder of a Definitive Security for any exchange or registration of transfer of Securities, or for any issue of new Securities in case of partial redemption of any series, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge in relation thereto (other than any such taxes or other governmental charge payable upon exchange or registration of transfer pursuant to Sections 2.06, 3.03(b) and 9.04). 

(c) Transfer and Exchange of Global Securities. A Global Security may not be transferred except as a whole by the
Depositary for a series of the Securities to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or to another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for a series
of the Securities or a nominee of such successor Depositary. If at any time the Depositary for a series of the Securities notifies the Company that it is unwilling or unable to continue as Depositary for such series or if at any time the Depositary
for such series shall no longer be registered or in good standing under the Exchange Act or other applicable statute or regulation, and a successor Depositary for such series is not appointed by the Company within 90 days after the Company receives
such notice or becomes aware of such condition, the provisions of Section 2.11 shall no longer be applicable to the Securities of such series. In addition, (i) the Company may at any time determine that the Securities of any series shall
no longer be represented by a Global Security and that the 

  
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provisions of Section 2.11 shall no longer apply to the Securities of such series and (ii) upon an Event of Default if the Trustee so requests, the Securities of any series shall no
longer be represented by a Global Security and the provisions of Section 2.11 shall no longer apply to the Securities of such series. In any such event the Company will execute the Definitive Securities of such series, in authorized
denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series and subject to this Section 2.05 the Trustee, upon receipt of an Officer’s Certificate evidencing such determination by
the Company, if applicable, will authenticate and deliver such Definitive Securities in exchange for such Global Security. Upon the exchange of the Global Security of such series for such Definitive Securities of such series, the Global Security
shall be canceled by the Trustee. Such Definitive Securities shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its Participants or Indirect Participants or otherwise, shall in
writing instruct the Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered. 
 Except as provided in Sections 2.06 and 2.07, a Global Security may not be exchanged for another Security other than as provided in this Section 2.05(c); however, beneficial interests in a
Global Security may be transferred and exchanged as provided in Section 2.05(d) or (e). The provisions of this Section 2.05(c) are subject to Section 2.11. 

(d) Transfer and Exchange of Beneficial Interests in the Global Securities. The transfer and exchange of beneficial
interests in the Global Securities of a series shall be effected through the Depositary, in accordance with the provisions of this Indenture, any Board Resolution and any one or more indentures supplemental hereto, and the Applicable Procedures.
Beneficial interests in the Restricted Global Securities of a series shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global
Securities also shall require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(1) Transfer of Beneficial Interests in the Same Global Security. Beneficial interests in any Restricted Global
Security of a series may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Security in accordance with the transfer restrictions set forth in the Private Placement Legend.
Beneficial interests in any Unrestricted Global Security of a series may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security of such series. Subject to Section 2.05(e)(4),
no written orders or instructions shall be required to be delivered to the Security Registrar to effect the transfers described in this Section 2.05(d)(1). 
 (2) All Other Transfers and Exchanges of Beneficial Interests in Global Securities. Subject to Section 2.05(c), in connection with all transfers and exchanges of beneficial interests that are
not subject to Section 2.05(d)(1) above, the transferor of such beneficial interest must deliver to the Security Registrar, as applicable, either: 
 (A) (1) an order from a Participant or an Indirect Participant given to the Depositary in accordance with the relevant Applicable Procedures directing the Depositary to credit or cause to be credited
a beneficial interest in another Global Security of such series in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given in accordance with the relevant Applicable Procedures containing information
regarding the Participant account to be credited with such increase; or 

  
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 (B) (1) an order from a Participant or an Indirect Participant given
to the Depositary in accordance with the relevant Applicable Procedures directing the Depositary to cause to be issued a Definitive Security of such series in an amount equal to the beneficial interest to be transferred or exchanged and
(2) instructions given by the Depositary to the Security Registrar containing information regarding the Person in whose name such Definitive Security shall be registered to effect the transfer or exchange referred to in (B)(1) above;

 provided that in no event shall Definitive Securities of a series be issued upon the transfer or exchange of beneficial interests in the
Regulation S Temporary Global Security of such series prior to (y) the expiration of the relevant Distribution Compliance Period and (z) the receipt by the Security Registrar of any certificates identified by the Company or its
counsel to be required pursuant to Rule 903 and Rule 904 under the Securities Act. Upon satisfaction of all the requirements for transfer and exchange of beneficial interests in Global Securities of a series contained in this Indenture,
any Board Resolution, or one or more indentures supplemental hereto and the Securities of such series or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Security or Securities of
such series pursuant to Section 2.05(h). 
 (3) Transfer of Beneficial Interests to Another Restricted
Global Security. A beneficial interest in any Restricted Global Security of a series may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Security of the same series if the
transfer complies with the requirements of Section 2.05(d)(2) and the Security Registrar receives a completed certificate in the form of Exhibit A. 
 (4) Transfer and Exchange of Beneficial Interests in a Restricted Global Security for Beneficial Interests in an Unrestricted Global Security. A beneficial interest in any Restricted Global
Security of any series may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Security of such series or transferred to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted
Global Security of such series if the exchange or transfer complies with the requirements of Section 2.05(d)(2) above and the Security Registrar receives a completed certificate from such holder in the form of Exhibit A or Exhibit B,
as applicable, and an opinion of counsel in form, and from legal counsel, reasonably acceptable to the Security Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions
on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 If any such transfer is effected at a time when an Unrestricted Global Security of such series has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance
with Section 2.04, the Trustee shall authenticate one or more Unrestricted Global Securities of such series in an aggregate principal amount equal to the aggregate principal amount of beneficial interests so transferred. Beneficial interests in
an Unrestricted Global Security of a series cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Security of such series. 

  
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 (e) Transfer or Exchange of Beneficial Interests for Definitive
Securities. 
 Subject to Section 2.05(c), 

(1) Beneficial Interests in Restricted Global Securities to Restricted Definitive Securities. If any holder of a
beneficial interest in a Restricted Global Security of a series proposes to exchange such beneficial interest for a Restricted Definitive Security of such series or to transfer such beneficial interest to a Person who takes delivery thereof in the
form of a Restricted Definitive Security of such series, then, upon receipt by the Security Registrar of a completed certificate from such holder in the form of Exhibit A or Exhibit B, as applicable, and certificates and opinions of
counsel, if applicable, the Trustee shall cause the aggregate principal amount of the applicable Restricted Global Security of such series to be reduced accordingly pursuant to Section 2.05(h), and the Company shall execute a Restricted
Definitive Security of such series in the appropriate principal amount and, upon receipt of an Authentication Order pursuant to Section 2.04, the Trustee shall authenticate and deliver to the Person designated in the instructions such
Restricted Definitive Security. Any Restricted Definitive Security of such series issued in exchange for a beneficial interest in a Restricted Global Security of such series pursuant to this Section 2.05(e) shall be registered in such name or
names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Security Registrar through instructions from the Depositary for such series and the Participant or Indirect Participant. The
Trustee shall deliver such Restricted Definitive Securities of such series to the Persons in whose names such Securities are so registered. Any Restricted Definitive Security of such series issued in exchange for a beneficial interest in a
Restricted Global Security of such series pursuant to this Section 2.05(e)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

(2) Beneficial Interests in Restricted Global Securities to Unrestricted Definitive Securities. A holder of a
beneficial interest in a Restricted Global Security of a series may exchange such beneficial interest for an Unrestricted Definitive Security of such series or may transfer such beneficial interest to a Person who takes delivery thereof in the form
of an Unrestricted Definitive Security of such series only if the Security Registrar receives a completed certificate from such holder in the form of Exhibit A or Exhibit B, as applicable, and an opinion of counsel in form, and from legal
counsel, reasonably acceptable to the Security Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend
are no longer required in order to maintain compliance with the Securities Act. 
 (3) Beneficial Interests in
Unrestricted Global Securities to Unrestricted Definitive Securities. If any holder of a beneficial interest in an Unrestricted Global Security of a series proposes to exchange such beneficial interest for an Unrestricted Definitive Security of
such series or to transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security of such series, then, upon satisfaction of the conditions set forth in Section 2.05(d)(2), the Trustee
shall cause the aggregate principal amount of the applicable Unrestricted Global Security of such series to be reduced accordingly pursuant to Section 2.05(h), and the Company shall execute an Unrestricted Definitive Security of such series in
the appropriate principal amount and, upon receipt of an Authentication Order in accordance with Section 2.04, the Trustee shall authenticate and deliver to the Person designated in the instructions such Unrestricted Definitive Security. Any
Unrestricted Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.05(e)(3) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial
interest shall instruct the Security Registrar through instructions from the Depositary for such series and the Participant or Indirect Participant. The Trustee shall deliver such Unrestricted Definitive Securities to the Persons in whose names

  
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such Securities are so registered. Any Unrestricted Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.05(e)(3) shall not bear the Private Placement
Legend. 
 (4) Transfer or Exchange of Regulation S Temporary Global Securities. Notwithstanding the
other provisions of this Section 2.05, a beneficial interest in the Regulation S Temporary Global Security of a series may not be (A) exchanged for a Definitive Security of such series prior to (y) the expiration of the
Distribution Compliance Period with respect to such series (unless such exchange is effected by the Company, does not require an investment decision on the part of the Holder thereof and does not violate the provisions of Regulation S) and
(z) the receipt by the Security Registrar of any certificates identified by the Company or its counsel to be required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act or (B) transferred to a U.S. person (as such term is
defined in Regulation S) or for the account or benefit of a U.S. person (other than an initial purchaser of such Regulation S Temporary Global Security) or a Person who takes delivery thereof in the form of a Definitive Security of such
series prior to the events set forth in clause (A) above or unless the transfer is pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or 904. 

(f) Transfer and Exchange of Definitive Securities for Beneficial Interests. 

(1) Restricted Definitive Securities to Beneficial Interests in Restricted Global Securities. If any Holder of a
Restricted Definitive Security of a series proposes to exchange such Security for a beneficial interest in a Restricted Global Security of such series or to transfer such Restricted Definitive Securities of such series to a Person who takes delivery
thereof in the form of a beneficial interest in a Restricted Global Security of such series, then, upon receipt by the Trustee of the following documentation: 
 (A) if the Holder of such Restricted Definitive Security of such series proposes to exchange such Security for a beneficial interest in a Restricted Global Security of such series, a completed certificate
from such holder in the form of Exhibit B; or 
 (B) if such Restricted Definitive Security is being
transferred to a QIB in accordance with Rule 144A under the Securities Act or to a non-U.S. person in an offshore transaction in accordance with Rule 903 or 904 under the Securities Act, a completed certificate to that effect set forth in
Exhibit A, the Trustee shall cancel the Restricted Definitive Security of such series, increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Security of such
series and, in the case of clause (B) above, the 144A Global Security of such series or the Regulation S Global Security of such series as applicable. 
 (2) Restricted Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of a Restricted Definitive Security of a series may exchange such Security for a beneficial
interest in an Unrestricted Global Security of such series or transfer such Restricted Definitive Security of such series to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security of such series
only if the Security Registrar receives a completed certificate from such Holder in the form of Exhibit A or Exhibit B, as applicable, and an opinion of counsel in form, and from legal counsel, reasonably acceptable to the Security
Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain
compliance with the Securities Act. Upon satisfaction of the conditions of any of the subparagraphs in this Section 2.05(f)(2), the Trustee shall cancel the Restricted Definitive Securities of such series so transferred or exchanged and

  
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increase or cause to be increased the aggregate principal amount of the Unrestricted Global Security of such series. 

(3) Unrestricted Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of an
Unrestricted Definitive Security of a series may exchange such Security for a beneficial interest in an Unrestricted Global Security of such series or transfer such Definitive Securities of such series to a Person who takes delivery thereof in the
form of a beneficial interest in an Unrestricted Global Security of such series at any time. Upon receipt of a written request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Security and increase or
cause or be increased the aggregate principal amount of one of the Unrestricted Global Securities of such series. If any such exchange or transfer from a Definitive Security of a series to a beneficial interest is effected pursuant to subparagraphs
(2) or (3) of this Section 2.05(f) at a time when an Unrestricted Global Security of such series has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.04, the
Trustee shall authenticate one or more Unrestricted Global Securities of such series in an aggregate principal amount equal to the principal amount of Definitive Securities of such series so transferred. 

(g) Transfer and Exchange of Definitive Securities for Definitive Securities. Upon written request by a Holder of
Definitive Securities of a series and such Holder’s compliance with the provisions of this Section 2.05(g), the Trustee shall register the transfer or exchange of Definitive Securities of such series pursuant to the provisions of
Section 2.05(a). In addition to the requirements set forth in Section 2.05(a), the requesting Holder shall provide any additional certifications, documents, and information, as applicable, required pursuant to the following provisions of
this Section 2.05(g). 
 (1) Restricted Definitive Securities to Restricted Definitive Securities.
Any Restricted Definitive Security of a series may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Security of such series if the Trustee receives a completed certificate in
the form of Exhibit A, including the certifications, certificates and opinions of counsel required by item (3) thereof, if applicable. 
 (2) Restricted Definitive Securities to Unrestricted Definitive Securities. Any Restricted Definitive Security of a series may be exchanged by the Holder thereof for an Unrestricted Definitive
Security of such series or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Security of such series if the Security Registrar receives a completed certificate from such Holder in the form of
Exhibit A or Exhibit B, as applicable and an opinion of counsel in form, and from legal counsel, reasonably acceptable to the Trustee and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and
that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

(3) Unrestricted Definitive Securities to Unrestricted Definitive Securities. A Holder of Unrestricted Definitive
Securities of a series may transfer such Securities to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security of such series in accordance with subsection 2.05(a). Upon receipt of a request to register such a
transfer, the Security Registrar shall register the Unrestricted Definitive Securities of such series pursuant to the instructions from the Holder thereof. 
 (h) Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such
series or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the

  
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Trustee in accordance with Section 2.08. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person
who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such series, the principal amount of Securities of such series represented by such Global Security shall be
reduced accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a
Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series, such other Global Security shall be increased accordingly and an endorsement may be made on such Global Security by the Trustee or
by the Depositary at the direction of the Trustee to reflect such increase. 
 (i) No Exchange or
Transfer. The Company shall not be required (i) to issue, exchange or register the transfer of any Securities during a period beginning at the opening of business 30 days before the day of the mailing of a notice of redemption of less than
all the Outstanding Securities of the same series and ending at the close of business on the day of such mailing, (ii) to register the transfer of or exchange any Securities of any series or portions thereof called for redemption, nor
(iii) to register the transfer of or exchange a Security of any series between the applicable record date pursuant to Section 2.01(a)(5) and the next succeeding Interest Payment Date. 

Section 2.06 Temporary Securities. 
 Pending the preparation of definitive Securities of any series, the Company may execute temporary Securities (printed, lithographed or typewritten) of any authorized denomination and the Trustee shall
authenticate and deliver such Securities. Such temporary Securities shall be substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for
temporary Securities, all as may be determined by the Company. Every temporary Security of any series shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like
effect, as the definitive Securities of such series. Without unnecessary delay the Company will execute and will furnish definitive Securities of such series and thereupon any or all temporary Securities of such series may be surrendered in exchange
therefor without charge to the holders, at the office or agency of the Company maintained pursuant to Section 4.02 for the purpose of exchanges of Securities of such series, and the Trustee shall authenticate and such office or agency shall
deliver in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such series, unless the Company advises the Trustee to the effect that definitive Securities need not be executed and furnished until
further notice from the Company. Until so exchanged, temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered hereunder.

 Section 2.07 Mutilated, Destroyed, Lost or Stolen Securities. 

In case any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (subject to the next
succeeding sentence) shall execute a new Security of the same series, bearing a number not contemporaneously outstanding in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost
or stolen, and upon the Company’s written request the Trustee (subject to the next succeeding sentence) shall authenticate and deliver, such Security. In every case the applicant for a substituted Security shall furnish to the Company and the
Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their satisfaction of

  
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the destruction, loss or theft of the applicant’s Security and of the ownership thereof. The Trustee may authenticate any such substituted Security and deliver the same upon the written
request or authorization of any Officer. Upon the issuance of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee) connected therewith. In case any Security that has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company, instead of issuing a substitute Security,
may pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such security or indemnity as they may require to save
them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security and of the ownership thereof. 

Every replacement Security issued pursuant to the provisions of this Section 2.07 shall constitute an additional contractual
obligation of the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and
all other Securities of the same series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or
stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments
or other securities without their surrender. 
 Section 2.08 Cancellation. 

All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, if surrendered to the Company or
any paying agent, shall be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions
of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. If the Company shall otherwise acquire any of the Securities, however, such
acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation. 

Section 2.09 Benefits of Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the parties hereto and the holders of the Securities, any legal or
equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of the holders
of the Securities. 
 Section 2.10 Authenticating Agent. 

So long as any of the Securities of any series remain Outstanding, there may be an Authenticating Agent for any or all such series of
Securities which the Trustee shall have the right to appoint. The Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate Securities of such series, including Securities issued upon exchange, registration of transfer
or partial redemption thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory 

  
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for all purposes as if authenticated by the Trustee hereunder. All references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by an
Authenticating Agent for such series. Each Authenticating Agent shall be acceptable to the Company and shall be a corporation that has a combined capital and surplus, as most recently reported or determined by it, sufficient under the laws of any
jurisdiction under which it is organized or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to conduct such business and is subject to supervision or examination by Federal or State
authorities. If at any time any Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately. Any Authenticating Agent may resign at any time by giving written notice of resignation to the Trustee
and to the Company. The Trustee at any time may, and upon request by the Company shall, terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon resignation,
termination or cessation of eligibility of any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its appointment hereunder,
shall become vested with all the rights, powers and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto. 
 Section 2.11 Global Securities 
 (a) General. If the
Company shall establish pursuant to Section 2.01 that the Securities of a particular series are to be issued as a Global Security, then the Company shall execute one or more Global Securities that (i) shall represent, and shall be
denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such series, (ii) shall be registered in the name of the Depositary or its nominee and (iii) shall be delivered to the Trustee as
custodian for the Depositary or otherwise delivered pursuant to the Depositary’s instructions and the Trustee in accordance with Section 2.04 shall authenticate such Global Security or Global Securities. 

(b) Euroclear and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the
Euroclear System” and the “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions” and “Customer Handbook” of Clearstream, respectively, in effect at the relevant time shall be
applicable to transfers of beneficial interests in the Regulation S Global Securities of such series that are held by Participants through Euroclear or Clearstream. 
 Section 2.12 CUSIP Numbers. 
 The Company in issuing the Securities of a
series may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Securityholders; provided that any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and
any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

Section 2.13 Securities Denominated in Foreign Currencies. 

Except as otherwise specified pursuant to Section 2.01 for Securities of any series, payment of the principal of, premium, if any,
and interest on, Securities of such series denominated in any Foreign Currency will be made in such Foreign Currency. 

  
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 In the event any Foreign Currency or Currencies in which any payment with respect to any
series of Securities may be made ceases to be a freely convertible Currency on United States Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series is due, the Company
shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a Board Resolution or in one or more indentures supplemental hereto. In such event, the Company shall notify the Trustee of the Currency
which it has selected to constitute the funds necessary to meet the Company’s obligations on such payment date and of the amount of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a
Board Resolution or in one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Company solely in the Currency so selected. 

Section 2.14 Wire Transfers. 
 Notwithstanding any other provision to the contrary in this Indenture, the Company may make any payment required to be deposited with the Trustee on account of principal of, premium, if any, or interest
on, the Securities by any method of wire transfer to an account designated in writing by the Trustee such that funds are available on or before 12:00 p.m., New York City time, on the date such payment is to be made to the Holders of the Securities
in accordance with the terms hereof. 
 Section 2.15 Designated Currency. 

The Company may provide pursuant to Section 2.01 for Securities of any series that: 

(a) the obligation, if any, of the Company to pay the principal of, premium, if any, and interest on the Securities of any
series in a Foreign Currency or Dollars (the “Designated Currency”) as may be specified pursuant to Section 2.01(a)(12) is of the essence and agree that, to the fullest extent possible under applicable law, judgments in respect
of Securities of such series shall be given in the Designated Currency; 
 (b) the obligation of the Company to
make payments in the Designated Currency of the principal of, premium, if any, and interest on such Securities shall be discharged, notwithstanding any payment in any other Currency (whether pursuant to a judgment or otherwise), only to the extent
of the amount in the Designated Currency that the Securityholder receiving such payment, in accordance with normal banking procedures, may purchase with the amount paid in such other Currency after any premium and cost of exchange on the business
day in the country of issue of the Designated Currency or in the international banking community immediately following the day on which such Securityholder receives such payment; 

(c) if the amount in the Designated Currency that may be so purchased for any reason falls short of the amount originally
due, the Company shall pay such additional amounts as may be necessary to compensate for such shortfall; and 

(d) any obligation of the Company not discharged by such payment shall be due as a separate and independent obligation
and, until discharged as provided herein, shall continue in full force and effect. 

  
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 ARTICLE III. 
 REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS 
 Section 3.01
Redemption. 
 The Company may redeem the Securities of any series issued hereunder on and after the dates and in
accordance with the terms established for such series pursuant to Section 2.01. 
 Section 3.02 Notice of
Redemption. 
 (a) If the Company desires to exercise such right to redeem all or, as the case may be, a
portion of the Securities of any series, the Company shall, or shall instruct the Trustee in writing to, give notice of such redemption to holders of the Securities of such series to be redeemed by mailing, first class postage prepaid, a notice of
such redemption not less than 30 days and not more than 60 days before the date fixed for redemption of that series to such holders at their last addresses as they shall appear upon the Security Register (unless a shorter period is specified in the
Securities to be redeemed). Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the notice. In any case, failure duly to give such notice to
the holder of any Security of any series designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Securities of such series or any other series. In
the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate
evidencing compliance with any such restriction. 
 Each such notice of redemption shall specify the date fixed for redemption
and the redemption price at which Securities of that series are to be redeemed, and shall state that: (i) payment of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company maintained for such
purpose, or, if none, at the Corporate Trust Office of the Trustee, upon presentation and surrender of such Securities; (ii) interest accrued to the date fixed for redemption will be paid as specified in said notice; (iii) from and after
said date interest will cease to accrue; (iv) the redemption is for a sinking fund, if such is the case, and (v) the CUSIP and/or other similar number as contemplated by, and containing the disclaimers and other language contemplated by,
Section 2.12. If less than all the Securities of a series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in whole or in part shall specify the particular Securities to be so redeemed. In case any
Security is to be redeemed in part only, the notice that relates to such Security shall state the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of such Security, a new
Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued. 
 (b) If all or less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 15 days’ written notice (unless a shorter period shall be satisfactory to the
Trustee) in advance of the date the Company gives notice to the Securityholders of the date fixed for redemption as to the aggregate principal amount of Securities of the series to be redeemed. If less than all the Securities are to be redeemed, the
Trustee thereupon shall select from Securities of such series Outstanding not previously called for redemption, in accordance with a method determined by the Trustee (in such manner as complies with applicable legal and stock exchange requirements,
if any) and that may provide for the selection of a portion or portions (equal to $2,000 or any integral multiple of $1,000 in excess thereof) of the principal amount of such Securities of such series of a denomination larger than $2,000, the
Securities of such series to be redeemed. The Trustee 

  
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promptly shall notify the Company in writing of the numbers of the Securities of such series to be redeemed, in whole or in part. 

The Company, if and whenever it shall so elect, by delivery of instructions signed on its behalf by any of its Officers, may instruct the
Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section 3.02, such notice to be in the name of the Company or its own
name, as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the
Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice by mail that may be
required under the provisions of this Section 3.02. 
 Section 3.03 Payment Upon Redemption. 

(a) If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of
Securities of the series to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, in
each case as established pursuant to Section 2.01. Interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price
and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, such Securities shall be paid and
redeemed at the applicable redemption price for such series, together with interest accrued thereon to the date fixed for redemption; provided, that, installments of interest whose Stated Maturity is on or prior to the date fixed for redemption
shall be payable to the Securityholders of such Securities (or one or more Predecessor Securities) registered as such at the close of business on the applicable record date pursuant to Section 2.03. 

(b) Upon presentation of any Security of such series that is to be redeemed in part only, the Company shall execute a new
Security of the same series and tenor of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented and the Trustee shall authenticate, and the office or agency where the Security is presented shall
deliver to the holder thereof, at the expense of the Company, such Security; except that if a Global Security is so surrendered, the Company shall execute a new Global Security of like tenor in a denomination equal to and in exchange for the
unredeemed portion of the principal of the Global Security so surrendered and, upon receipt of an Officer’s Certificate requesting authentication and delivery, the Trustee shall authenticate and deliver to the Depositary for such Global
Security, without service charge, such Global Security. 
 Section 3.04 Sinking Fund. 

The provisions of this Section 3.04 and Sections 3.05 and 3.06 shall be applicable to any sinking fund for the retirement of
Securities of a series, except as otherwise specified as contemplated by Section 2.01 for Securities of such series. 
 The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities
of any series is referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund 

  
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payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of
Securities of such series. 
 Section 3.05 Satisfaction of Sinking Fund Payments with Securities. 

The Company (i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and
(ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the
terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities, provided that such Securities have not
been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund
payment shall be reduced accordingly. 
 Section 3.06 Redemption of Securities for Sinking Fund. 

Not less than 60 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an
Officer’s Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of the series, the portion thereof, if any, that is to be satisfied by payment of cash in the Currency in which the
Securities of such series are denominated (except as provided pursuant to Section 2.01), the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that series pursuant to Section 3.05 and the basis for
such credit. Together with such Officer’s Certificate, the Company will deliver to the Trustee any Securities to be so delivered. Not less than 15 days before each such sinking fund payment date the Trustee shall select the Securities to be
redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.02. Such
notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.03. 
 ARTICLE IV. 
 CERTAIN COVENANTS 

The following covenants shall apply to the Securities, except with respect to any series of Securities for which the supplemental
indenture or resolution of the Board of Directors under which such series of Securities is issued or in the form of Security for such series expressly provides that any such covenant shall not apply to such series of Securities: 

Section 4.01 Payment of Principal, Premium and Interest. 
 The Company will duly and punctually pay or cause to be paid the principal of, premium, if any, and interest on the Securities of a series at the time and place and in the manner provided herein and
established with respect to such Securities. 
 Section 4.02 Maintenance of Office or Agency. 

So long as any series of the Securities remain Outstanding, the Company will maintain for such series an office or agency where
Securities of such series may be presented or surrendered for payment, where 

  
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Securities of such series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such series and this
Indenture may be given or served. Such designation will continue with respect to each office or agency until the Company, by written notice signed by any Officer and delivered to the Trustee, shall designate some other office or agency for such
purposes or any of them. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all presentations, surrenders, notices and demands. Unless otherwise specified in accordance with Section 2.01 with respect to a
series of Securities, the Company initially designates the Corporate Trust Office of [•], acting as the Company’s agent, as the office to be maintained by it for each such purpose. 

Section 4.03 Paying Agents. 
 (a) The Company may appoint one or more paying agents, other than the Trustee, for all or any series of the Securities. If the Company fails to appoint or maintain another entity as paying agent, the
Trustee shall act as such. The Company or any of their Subsidiaries may act as paying agent. 
 (b) The Company
shall require each paying agent other than the Trustee to agree in writing that the paying agent will hold in trust for the benefit of Securityholders or the Trustee all funds held by the paying agent for the payment of principal, premium, if any,
or interest on the Securities, and will promptly notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a paying agent to pay all funds held by it to the
Trustee. The Company at any time may require a paying agent to pay all funds held by it to the Trustee. Upon payment over to the Trustee, the paying agent (including the Company or any of their Subsidiaries serving as the paying agent) shall have no
further liability for the funds. If the Company or any of their Subsidiaries acts as paying agent, it shall segregate and hold in a separate trust fund for the benefit of the Securityholders all funds held by it as paying agent. 

(c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold funds in trust as
provided in this Section 4.03 is subject to the provisions of Section 11.06, and (ii) the Company at any time, for the purpose of obtaining the satisfaction and discharge or defeasance of this Indenture or for any other purpose, may
pay, or direct any paying agent to pay, to the Trustee all funds held in trust by the Company or such paying agent, such funds to be held by the Trustee upon the same terms and conditions as those upon which such funds were held by the Company or
such paying agent. Upon such payment by any paying agent to the Trustee, such paying agent shall be released from all further liability with respect to such funds. 
 Section 4.04 Statement by Officers as to Default. 
 So long as any of the
Securities remain outstanding, the Company will furnish to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, a brief certificate (which need not comply with Section 13.06) executed by
any two Officers of the Company, one of which shall be the principal executive, financial or accounting officer of the Company, on its behalf as to the Officer’s respective knowledge of the Company’s compliance with all covenants and
agreements under this Indenture required to be complied with by the Company (such compliance to be determined without regard to any period of grace or requirement of notice provided under this Indenture). Such certificate need not include a
reference to any non-compliance that has been fully cured prior to the date as of which such certificate speaks. 

  
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 The Company shall provide written notice to the Trustee within 20 days after becoming aware
of the occurrence of any Event of Default under Section 6.01. 
 Section 4.05 Appointment to Fill Vacancy in Office of
Trustee. 
 The Company, whenever necessary to avoid or to fill a vacancy in the office of Trustee, will appoint, in the
manner provided in Section 7.10, a Trustee, so that there shall be at all times a Trustee hereunder. 
 Section 4.06
Existence. 
 Subject to Article X, the Company will do or cause to be done all things necessary to preserve and keep in
full force and effect its existence. 
 ARTICLE V. 

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE 

Section 5.01 Company to Furnish Trustee Names and Addresses of Securityholders. 

The Company will furnish or cause to be furnished to the Trustee (a) semi-annually at least seven Business Days before each Interest
Payment Date for a series of Securities (and in all events at intervals of not more than six months) a list, in such form as the Trustee may reasonably require, of the names and addresses of the holders of each series of Securities as of such date,
provided that the Company shall not be obligated to furnish or cause to furnish such list at any time that the list shall not differ in any respect from the most recent list furnished to the Trustee by the Company and (b) at such other times as
the Trustee may require in writing within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, in
either case, no such list need be furnished for any series for which the Trustee shall be the Security Registrar. 
 Section
5.02 Preservation of Information; Communications with Securityholders. 
 (a) The Trustee shall preserve,
in as current a form as is reasonably practicable, all information as to the names and addresses of the holders of Securities contained in the most recent list furnished to it as provided in Section 5.01 and as to the names and addresses of
holders of Securities received by the Trustee in its capacity as Security Registrar (if acting in such capacity). 
 (b) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act with other Securityholders with respect to their rights under this Indenture or under the Securities.

 Section 5.03 Reports by the Company. 

(a) So long as any Securities are outstanding, the Company shall file with the Trustee, within 15 days after it files with
the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the Company is
required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act. The Company shall be deemed to have 

  
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complied with the previous sentence to the extent that such information, documents and reports are filed with the Commission via EDGAR (or any successor electronic delivery procedure) or posted
on its website. 
 (b) Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 Section 5.04 Reports
by the Trustee. 
 (a) Any Trustee’s report required under Section 313(a) of the Trust Indenture
Act shall be transmitted on or before July 15 in each year following the date hereof, so long as any Securities are outstanding hereunder, and shall be dated as of a date convenient to the Trustee no more than 60 nor less than 45 days prior
thereto. 
 (b) A copy of each such report shall, at the time of such transmission to Securityholders, be filed
by the Trustee with the Company, with any stock exchange upon which any Securities are listed and with the Commission. The Company agrees to notify the Trustee when any Securities become listed on any stock exchange or delisted therefrom.

 ARTICLE VI. 
 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 
 Section
6.01 Events of Default. 
 (a) Whenever used herein with respect to Securities of a particular series,
“Event of Default” means any one or more of the following events that has occurred and is continuing, except with respect to any series of Securities for which the supplemental indenture or resolution of the Board of Directors under
which such series of Securities is issued or in the form of Security for such series expressly provides that any such Event of Default shall not apply to such series of Securities: 

(1) default in the payment of the principal or any premium on any Security of that series when due (whether at maturity,
upon acceleration, redemption or otherwise); 
 (2) default for 30 days in the payment of interest on any
Security of such series when due; 
 (3) failure by the Company to observe or perform any term of the Indenture
(other than those referred to in (1) or (2) above and other than a covenant or agreement included in this Indenture not for the benefit of such series) for a period of 90 days after the Company receives a notice of default stating that the
Company is in breach. The notice must be sent by either the Trustee or Holders of not less than 25% of the principal amount of the Securities of the affected series; 

(4) the entry by a court having competent jurisdiction of: 

  
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 (A) an order for relief in respect of the Company in an involuntary
proceeding under any Bankruptcy Law and such order shall remain unstayed and in effect for a period of 60 consecutive days; or 
 (B) a final and non-appealable order appointing a Custodian, of the Company, or ordering the winding up or liquidation of the affairs of the Company, and such order shall remain unstayed and in effect for
a period of 60 consecutive days; 
 (5) the commencement by the Company of a voluntary proceeding under any
Bankruptcy Law or the consent by the Company to the entry of a decree or order for relief in an involuntary proceeding under any Bankruptcy Law or the filing by the Company of a consent to an order for relief in any involuntary proceeding under any
Bankruptcy Law or to the appointment of a Custodian or the making by the Company of an assignment for the benefit of creditors; or 
 (6) any other Event of Default provided in the supplemental indenture or resolution of the Board of Directors under which such series of Securities is issued or in the form of Security for such series.

 (b) In each and every such case (other than an Event of Default specified in Section 6.01(a)(4) or
6.01(a)(5)), unless the principal of all the Securities of that series shall have already become due and payable, either the Trustee or the holders of not less than 25% in aggregate principal amount of the Securities of that series then Outstanding
hereunder, by notice in writing to the Company (and to the Trustee if given by such Securityholders), may declare the unpaid principal of all the Securities of that series to be due and payable immediately, and upon any such declaration the same
shall become and shall be immediately due and payable. If an Event of Default specified in Section 6.01(a)(4) or 6.01(a)(5) occurs, the principal amount of all the Securities shall automatically become immediately due and payable without any
declaration or other action on the part of the Trustee or any Holder. 
 (c) At any time after the principal of
the Securities of that series shall have been so declared due and payable, and before any judgment or decree for the payment of the amount due shall have been obtained or entered as hereinafter provided, the holders of a majority in aggregate
principal amount of the Securities of that series then Outstanding hereunder, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: (i) the Company has or has caused to be paid or
deposited with the Trustee an amount sufficient to pay all matured installments of interest upon all the Securities of that series and the principal of and premium, if any, on any and all Securities of that series that shall have become due
otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent that such payment is enforceable under applicable law, upon overdue installments of interest, at the rate expressed in the Securities of that
series to the date of such payment or deposit), and (ii) any and all Events of Default under this Indenture with respect to such series, other than the nonpayment of principal on Securities of that series that shall have become due solely by
such declaration of acceleration, shall have been remedied or waived as provided in Section 6.06. 
 No such rescission and
annulment shall extend to or shall affect any subsequent default or impair any right consequent thereon. 
 (d)
In case the Trustee shall have proceeded to enforce any right with respect to Securities of that series under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other
reason or shall have been determined adversely to 

  
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the Trustee, then and in every such case, subject to any determination in such proceedings, the Company and the Trustee shall be restored respectively to their former positions and rights
hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though no such proceedings had been taken. 
 (e) The Trustee shall give to the Securityholders of any series, as the names and addresses of such Holders appear on the Security Register, notice by mail of all defaults known to the Trustee that have
occurred with respect to such series, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice (the term “default” or
“defaults” for the purposes of this Section 6.01(e) being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided that, except in the case of
default in the payment of the principal of, premium, if any, or interest on any of the Securities of such series, or in the payment of any sinking or purchase fund installment with respect to the Securities of such series, the Trustee shall be
protected in withholding such notice if and so long as its board of directors, executive committee, or trust committee of directors or trustees and/or Responsible Officers in good faith determines that the withholding of such notice is in the
interests of the Securityholders of such series. 
 Section 6.02 Collection of Indebtedness and Suits for Enforcement by
Trustee. 
 (a) The Company covenants that (i) in case it shall default in the payment of any
installment of interest on any of the Securities of a series, or any payment required by any sinking or analogous fund established with respect to that series as and when the same shall have become due and payable, and such default shall have
continued for a period of 30 days, or (ii) in case it shall default in the payment of the principal of, or premium, if any, on any of the Securities of a series when the same shall have become due and payable, whether upon maturity of the
Securities of a series or upon redemption or upon declaration or otherwise, then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the holders of the Securities of that series, the whole amount that then shall have
been become due and payable on all such Securities for principal, premium, if any, or interest, or both, with interest upon the overdue principal, premium, if any, and (to the extent that payment of such interest is enforceable under applicable law)
upon overdue installments of interest at the rate expressed in the Securities of that series; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, and the amount payable to the Trustee
under Section 7.06. 
 (b) If the Company shall fail to pay such amounts forthwith upon such demand, the
Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the amounts so due and unpaid, and may prosecute any such action or
proceeding to judgment or final decree, and may enforce any such judgment or final decree against the Company and collect the amounts adjudged or decreed to be payable in the manner provided by law out of the property of the Company, wherever
situated. 
 (c) In case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment,
arrangement, composition or judicial proceedings affecting the Company or its respective creditors or property, the Trustee shall have power to intervene in such proceedings and take any action therein that may be permitted by the court and, except
as otherwise provided by law, shall be entitled to file such proofs of claim and other papers and documents as may be necessary or advisable in order to have the claims of the Trustee and of the holders of Securities of such series allowed for the
entire amount due and payable by the Company under this Indenture at the date of institution of such proceedings and for any 

  
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additional amount that may become due and payable by the Company after such date, and to collect and receive any funds or other property payable or deliverable on any such claim, and to
distribute the same in accordance with Section 6.03. Any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders of Securities of such series to make such payments to the Trustee, and, in the
event that the Trustee shall consent to the making of such payments directly to such Securityholders, to pay to the Trustee any amount due it under Section 7.06. 

(d) All rights of action and of asserting claims under this Indenture, or under any of the terms established with respect
to Securities of that series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof at any trial or other proceeding relative thereto. Any such suit or proceeding instituted by the Trustee shall
be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under Section 7.06, be for the ratable benefit of the holders of the Securities of such
series. 
 In case of an Event of Default, the Trustee in its discretion may proceed to protect and enforce the rights vested in
it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any
covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

Nothing contained herein shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series or the rights of any holder thereof or to authorize the Trustee to vote in respect of the claim of any Securityholder in any
such proceeding. 
 Section 6.03 Application of Funds Collected. 

Any funds collected by the Trustee pursuant to this Article VI with respect to a particular series of Securities shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the distribution of such funds on account of principal, premium, if any, or interest, upon presentation of the Securities of that series, and notation thereon the payment, if
only partially paid, and upon surrender thereof if fully paid: 
 FIRST: To the payment of costs and expenses of collection and
of all amounts payable to the Trustee under Section 7.06; 
 SECOND: To the payment of the amounts then due and unpaid upon
Securities of such series for principal, premium, if any, and interest, in respect of which or for the benefit of which such funds have been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on
such Securities for principal, premium, if any, and interest, respectively; and 
 THIRD: To the Company. 

Section 6.04 Limitation on Suits. 
 No holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or
with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

  
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(i) such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof with respect to the Securities of such series specifying such
Event of Default; (ii) the holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own
name as trustee hereunder; (iii) such holder or holders shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby; (iv) the Trustee for 60
days after its receipt of such notice, request and offer of indemnity, shall have failed to institute any such action, suit or proceeding; and (v) during such 60 day period, the holders of a majority in principal amount of the Securities then
Outstanding do not give the Trustee a direction inconsistent with the request. 
 Notwithstanding anything contained herein to
the contrary, any other provisions of this Indenture, the right of any holder of any Security to receive payment of the principal of, and premium, if any, and interest on such Security, as therein provided, on or after the respective due dates
expressed in such Security (or in the case of redemption, on the redemption date), or to institute suit for the enforcement of any such payment on or after such respective dates or redemption date, shall not be impaired or affected without the
consent of such holder. By accepting a Security hereunder it is expressly understood, intended and covenanted by the taker and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more
holders of Securities of such series shall have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities, or to obtain or
seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all holders of Securities of such series. For
the protection and enforcement of the provisions of this Section 6.04, each Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

Section 6.05 Rights and Remedies Cumulative; Delay or Omission not Waiver. 

(a) Except as otherwise provided in Section 2.07, all powers and remedies given by this Article VI to the Trustee or
to the Securityholders, to the extent permitted by law, shall be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the holders of the Securities, by judicial proceedings or otherwise, to enforce the
performance or observance of the covenants and agreements contained in this Indenture or otherwise established with respect to such Securities. 
 (b) No delay or omission of the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon any Event of Default occurring and continuing shall impair any such right or
power, or shall be construed to be a waiver of any such default or on acquiescence therein. Subject to the provisions of Section 6.04, every power and remedy given by this Article VI or by law to the Trustee or the Securityholders may be
exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders. 

Section 6.06 Control by Securityholders. 
 The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance with Section 8.04, shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to such series; provided, however, that such direction shall not be in conflict with any
rule of law or with this Indenture or be unduly prejudicial to the rights of holders of Securities of any other series at the time Outstanding determined in accordance with Section 8.04. Subject to

  
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the provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith, by a Responsible Officer or Responsible Officers of the
Trustee, shall determine that the proceeding so directed would involve the Trustee in personal liability. The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding affected thereby, determined in
accordance with Section 8.04, by written notice to the Company and the Trustee, on behalf of the holders of all of the Securities of such series, may rescind an acceleration or waive any existing Default or Event of Default with respect to such
series and its consequences, if the rescission would not conflict with any judgment or decree, except (i) a default in the payment of the principal of, premium, if any, or interest on, any of the Securities of that series; or (ii) in
respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. Upon any such waiver, the default covered thereby shall cease to
exist, and any Event of Default arising therefrom shall be deemed to have been cured, for all purposes of this Indenture and the Company, the Trustee and the holders of the Securities of such series shall be restored to their former positions and
rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
 Section 6.07 Undertaking to Pay Costs. 
 All parties to this Indenture
agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any
suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including
reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 6.07 shall not apply
to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding Securities of any series, or to any suit instituted by any
Securityholder for the enforcement of the payment of the principal of, premium, if any, or interest on any Security of such series, on or after the respective due dates expressed in such Security or established pursuant to this Indenture.

 Section 6.08 Waiver of Usury, Stay Or Extension Laws. 

Each of the Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any
manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and each of the Company (to
the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but
will suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE VII.

 CONCERNING THE TRUSTEE 

  
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 Section 7.01 Certain Duties and Responsibilities of Trustee. 

(a) In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or
waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of his or her own affairs. 
 (b) No provision of this Indenture shall be
construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving of all such Events of Default with respect to that series that may have
occurred: 
 (i) the duties and obligations of the Trustee shall with respect to the Securities of such series
be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such duties and obligations as are specifically set forth in this
Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith on the part of the Trustee, the Trustee with respect to the Securities of such series
may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any
such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture
(but need not confirm or investigate the accuracy of mathematical computations or other facts stated therein); 

(2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible
Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the holders of not less than a majority in principal
amount of the Securities of any series at the time Outstanding relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee under this
Indenture with respect to the Securities of that series; and 
 (4) none of the provisions contained in this
Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there is reasonable ground for
believing that the repayment of such funds or liability is not reasonably assured to it under the terms of this Indenture or adequate indemnity against such risk is not reasonably assured to it. 

Section 7.02 Certain Rights of Trustee. 
 Except as otherwise provided in Section 7.01: 

  
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 (a) The Trustee may conclusively rely and shall be fully protected in acting
or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other paper or document (whether in its original or facsimile form) believed by it to be
genuine and to have been signed or presented by the proper party or parties. 
 (b) Any request, direction, order
or demand of the Company mentioned herein shall be sufficiently evidenced by a Board Resolution or an instrument signed in the name of the Company by an Officer (unless other evidence in respect thereof is specifically prescribed herein).

 (c) The Trustee may consult with counsel of its own selection and the advice of such counsel or any Opinion of
Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon. 

(d) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Securityholders, pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities that may
be incurred therein or thereby. 
 (e) The Trustee shall not be liable for any action taken or omitted to be
taken by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture, provided, however, that the Trustee’s conduct does not constitute willful misconduct, bad faith or
negligence. 
 (f) The Trustee shall not be bound to make any investigation into the facts or matters stated in
any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other papers or documents, but the Trustee, in its discretion, may make such further inquiry into such matters as it
may see fit, and if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled upon reasonable notice and at reasonable times to examine the books, records and premises of the Company, personally or by agent or
attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 
 (g) The Trustee shall not be deemed to have notice of any Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact
such a default is received by the Trustee at the Corporate Trust Office of the Trustee. 
 (h) The Trustee may
execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney
appointed with due care by it hereunder. 
 (i) The rights, privileges, protections, immunities and benefits
given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(j) The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals
and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an 

  
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Officer’s Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 

In no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever
(including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

Section 7.03 Trustee not Responsible for Recitals or Issuance of Securities. 

(a) The recitals contained herein and in the Securities shall be taken as the statements of the Company, and the Trustee
assumes no responsibility for the correctness of the same. 
 (b) The Trustee makes no representations as to the
validity or sufficiency of this Indenture or of the Securities. 
 (c) The Trustee shall not be accountable for
the use or application by the Company of any of the Securities or of the proceeds of such Securities, or for the use or application of any funds paid over by the Trustee in accordance with any provision of this Indenture or established pursuant to
Section 2.01, or for the use or application of any funds received by any paying agent other than the Trustee. 

Section 7.04 May Hold Securities. 
 The Trustee or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee,
paying agent or Security Registrar. However, the Trustee is subject to Sections 7.09 and 7.13. 
 Section 7.05
Funds Held in Trust. 
 Subject to the provisions of Section 11.06, all funds received by the Trustee, until used or
applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds
received by it hereunder except such as it may agree with the Company to pay thereon. 
 Section 7.06 Compensation and
Reimbursement. 
 (a) The Company shall pay to the Trustee, and the Trustee shall be entitled to be paid,
such compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust), as the Company and the Trustee from time to time may agree in writing, for all services rendered by it in the
execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee. Except as otherwise expressly provided herein, the Company will pay or reimburse the Trustee upon its request for
all reasonable expenses and disbursements incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all Persons not
regularly in its employ) except any such expense or disbursement as shall have been caused by its own negligence, willful misconduct or bad faith. The Company shall indemnify the Trustee (and its officers, agents, directors and employees) for, and
shall hold it harmless against, any and all loss, liability, claim, damage or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred without negligence, willful misconduct or bad faith
on the part of the Trustee and arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending 

  
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itself against any claim of liability (whether asserted by the Company, any Holder or any other Person). The Trustee shall notify the Company promptly of any claim for which it may seek
indemnity. Failure by the Trustee so to notify the Company shall not relieve the Company of its obligations hereunder, except to the extent that the Company has been prejudiced by such failure. The Company shall defend the claim and the Trustee
shall cooperate, to the extent reasonable, in the defense of any such claim, and, if (in the opinion of counsel to the Trustee) the facts and/or issues surrounding the claim are reasonably likely to create a conflict with the Company, the Company
shall pay the reasonable fees and expenses of separate counsel to the Trustee. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct,
negligence or bad faith. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld or delayed. 
 (b) The obligations of the Company under this Section 7.06 to compensate and indemnify the Trustee and to pay or reimburse the Trustee for expenses and disbursements shall: (i) be secured by a
lien prior to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the holders of particular Securities; and (ii) survive the termination of this Indenture
and resignation or removal of the Trustee. 
 (c) When the Trustee incurs expenses or renders services in
connection with an Event of Default, the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or state
bankruptcy, insolvency or other similar law. 
 Section 7.07 Reliance on Officer’s Certificate. 

Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall
deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed), in the absence of
negligence or bad faith on the part of the Trustee, may be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted to be taken by it under the provisions of this Indenture upon the faith thereof. 
 Section 7.08 Disqualification; Conflicting Interests. 
 If the Trustee
has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust
Indenture Act. 
 Section 7.09 Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized
and doing business under the laws of the United States or any State or Territory thereof or of the District of Columbia, or a corporation or other Person permitted to act as trustee by the Commission, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least $100,000,000, and subject to supervision or examination by Federal, State, Territorial, or District of Columbia authority. If such corporation publishes reports of condition at least
annually, 

  
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pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 7.09 the combined capital and surplus of such corporation
shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Company may not, nor may any Affiliate of the Company, serve as Trustee. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10. 
 Section 7.10 Resignation and Removal; Appointment of Successor. 
 (a) The Trustee or any successor hereafter appointed may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company and by transmitting notice
of resignation by mail, first class postage prepaid, to the Securityholders of such series, as their names and addresses appear upon the Security Register. Upon receiving such notice of resignation, the Company promptly shall appoint a successor
trustee with respect to Securities of such series. If no successor trustee shall have been so appointed and have accepted appointment within 60 days after the retiring Trustee resigns, the retiring Trustee, at the expense of the Company, or the
Company may petition any court of competent jurisdiction for the appointment of a successor trustee with respect to Securities of such series, or any Securityholder of that series who has been a bona fide holder of a Security or Securities for at
least six months may on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, appoint a
successor trustee. 
 (b) In case at any time any one of the following shall occur, the Company may remove the
Trustee with respect to all or any series of Securities and appoint a successor trustee, or, unless the Trustee’s duty to resign is stayed as provided herein, any Securityholder who has been a bona fide holder of a Security or Securities for at
least six months, on behalf of that holder and all others similarly situated, may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon after such notice, if
any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee: 
 (1) the Trustee
shall fail to comply with the provisions of Section 7.08 after written request therefor by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or 

(2) the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and shall fail to resign
after written request therefor by the Company or by any such Securityholder; or 
 (3) the Trustee shall become
incapable of acting, or shall be adjudged a bankrupt or insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or control
of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation. 
 If an instrument
of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction
for the appointment of a successor Trustee with respect to the Securities of such series. 

  
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 (c) The holders of a majority in aggregate principal amount of the
Securities of any series at the time Outstanding at any time may remove the Trustee with respect to such series upon 30 days’ written notice to the Trustee and the Company and may appoint a successor Trustee for such series with the consent of
the Company. 
 (d) Any resignation or removal of the Trustee and appointment of a successor trustee with respect
to the Securities of a series pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11. 

(e) Any successor trustee appointed pursuant to this Section 7.10 may be appointed with respect to the Securities of
one or more series or all of such series, and at any time there shall be only one Trustee with respect to the Securities of any particular series. 
 Section 7.11 Acceptance of Appointment By Successor. 

(a) In case of the appointment hereunder of a successor trustee with respect to all Securities, every such successor
trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such
successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee. On the request of the Company or the successor trustee, such retiring Trustee, upon payment
of its charges, shall execute and deliver an instrument transferring to such successor trustee all the rights, powers, and trusts of the retiring Trustee and shall assign, transfer and deliver to such successor trustee all property and funds held by
such retiring Trustee hereunder. 
 (b) In case of the appointment hereunder of a successor trustee with respect
to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each
successor trustee shall accept such appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (ii) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any
of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible
for any act or failure to act on the part of any other Trustee hereunder. Upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein, and
such retiring Trustee shall have no further responsibility with respect to the Securities of that or those series to which the appointment of such successor trustee relates for the exercise of rights and powers or for the performance of the duties
and obligations vested in the Trustee under this Indenture. Each such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor trustee relates. On request of the Company or any successor trustee, such retiring Trustee shall assign, transfer and deliver to such successor trustee, to the

  
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extent contemplated by such supplemental indenture, the property and funds held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment
of such successor trustee relates. 
 (c) Upon request of any such successor trustee, the Company may execute any
and all instruments for more fully and certainly vesting in and confirming to such successor trustee all such rights, powers and trusts referred to in Section 7.11(a) or (b), as the case may be. 

(d) No successor trustee shall accept its appointment unless at the time of such acceptance such successor trustee shall
be qualified and eligible under this Article VII. 
 (e) Upon acceptance of appointment by a successor trustee as
provided in this Section 7.11, the successor trustee shall cause a notice of its succession to be transmitted to Securityholders. 
 Section 7.12 Merger, Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall
be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions of
Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. In case any
Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated
with the same effect as if such successor Trustee had itself authenticated such Securities. 
 Section 7.13 Preferential
Collection of Claims Against the Company. 
 The Trustee shall comply with Section 311(a) of the Trust Indenture Act,
excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

 ARTICLE VIII. 
 CONCERNING THE SECURITYHOLDERS 
 Section 8.01 Evidence of Action by
Securityholders. 
 Whenever in this Indenture it is provided that the holders of a majority or specified percentage in
aggregate principal amount of the Securities of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of
taking any such action the holders of such majority or specified percentage of that series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Securities of that series in
Person or by agent or proxy appointed in writing. 
 The Company may set any day as a record date for the purpose of determining
the Holders of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or

  
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taken by Holders of Securities of such series, provided, however, that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving
or making of any notice, declaration, request or direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other
Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such record date; provided, however, that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date
by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has
previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any
action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall
cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 13.03.

 The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any
series entitled to join in the giving or making of (i) any notice of Default, (ii) any declaration of acceleration referred to in Section 6.01, (iii) any request to institute proceedings referred to in Section 6.04 or
(iv) any direction referred to in Section 6.06, in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on such record date, and no
other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided, however, that no such action shall be effective hereunder unless taken on or
prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for
any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall
be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the
Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Securities of the relevant series in the
manner set forth in Section 13.03. 
 With respect to any record date set pursuant to this Section, the party hereto which
sets such record dates may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided, however, that no such change shall be effective unless notice of the
proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 13.03, on or prior to the existing Expiration Date. If an Expiration Date is
not designated with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto,
subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 

  
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 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder
with regard to any particular Security may do so with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of
such principal amount. 
 Section 8.02 Proof of Execution by Securityholders. 

Subject to the provisions of Section 8.01, proof of the execution of any instrument by a Securityholder (such proof will not require
notarization) or his agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner: 
 (a) The fact and date of the execution by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee. 

(b) The ownership of Securities shall be proved by the Security Register of such Securities or by a certificate of the
Security Registrar thereof. 
 (c) The Trustee may require such additional proof of any matter referred to in
this Section as it shall deem necessary. 
 Section 8.03 Who May be Deemed Owners. 

Prior to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security
Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Company as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership
or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to Section 2.03) interest on such Security and for all other purposes;
and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any notice to the contrary. 
 None of the Company, the Trustee, any paying agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial
ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 8.04 Certain Securities Owned by Company Disregarded. 
 In
determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred in any direction, consent of waiver under this 
 Indenture, the Securities of that series that are owned by the Company or any other obligor on the Securities of that series or by an Affiliate of the Company shall be disregarded and deemed not to be
Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction, consent or waiver, only Securities of such series that a Responsible Officer
of the Trustee knows are so owned shall be so disregarded. The Securities so owned that have been pledged in good faith may be regarded as Outstanding for the purposes of this Section, if the pledgee shall establish to the satisfaction of the
Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not an Affiliate. In case of a dispute as to such right, any decision by the 

  
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Trustee taken upon the advice of counsel shall be full protection to the Trustee. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate
listing and identifying all Securities of a particular series, if any known by the Company to be owned or held by or for the account of any of the above described Persons and, subject to Sections 7.01 and 7.02, the Trustee shall be entitled to
accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities of such particular series not listed therein are Outstanding for the purpose of any such determination. 

Section 8.05 Actions Binding on Future Securityholders. 

At any time prior to the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the
majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action, any holder of a Security of that series that is shown by the evidence to be included in the
Securities the holders of which have consented to such action, by filing written notice with the Trustee, and upon proof of holding as provided in Section 8.02, may revoke such action so far as concerns such Security. Except as aforesaid, any
such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in
place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified
in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities of that series. 
 ARTICLE IX. 
 SUPPLEMENTAL INDENTURES 

Section 9.01 Supplemental Indentures Without the Consent of Securityholders. 

In addition to any supplemental indenture otherwise authorized by this Indenture, the Company and the Trustee from time to time and at
any time may enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect), without the consent of the Securityholders, for one or more of the following purposes:

 (a) to cure any ambiguity, defect, or inconsistency herein or in the Securities of any series; 

(b) to make such other provisions in regard to matters or questions arising under this Indenture or under any supplemental
indenture as the Board of Directors of the Company may deem necessary or desirable, and which shall not in each case adversely affect the interests of the Holders of the Securities; 

(c) to evidence the succession of another Person to the Company, or successive successions, and the assumption by the
successor Person of the covenants, agreements and obligations of the Company, as the case may be, pursuant to Article X; 
 (d) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

  
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 (e) to add to the covenants of the Company for the benefit of the holders of
all or any outstanding series of Securities (and if such covenants are to be for the benefit of less than all outstanding series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to
surrender any right or power herein conferred upon the Company; 
 (f) to add any additional Events of Default
for the benefit of the holders of all or any outstanding series of Securities (and if such Events of Default are to be applicable to less than all outstanding series, stating that such Events of Default are expressly being included solely to be
applicable to such series); 
 (g) to change or eliminate any of the provisions of this Indenture, provided that
any such change or elimination shall not become effective with respect to any outstanding Security of any series created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision; 

(h) to secure the Securities of any series; 

(i) to make any other change that does not adversely affect the rights of any Securityholder of Outstanding Securities;

 (j) to provide for the issuance of and establish the form and terms and conditions of the Securities of any
series as provided in Section 2.01, to provide which, if any, of the covenants of the Company shall apply to such series, and to provide which of the Events of Default shall apply to such series or to define the rights of the holders of such
series of Securities; 
 (k) to comply with requirements of the Commission in order to effect or maintain the
qualification of this Indenture under the Trust Indenture Act; 
 (l) to issue additional Securities of any
series; provided that such additional Securities have the same terms as, and be deemed part of the same series as, the applicable series of Securities issued hereunder to the extent required by Section 2.01(b); or 

(m) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the
Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trust hereunder by more than one Trustee. 

Upon the request of the Company, accompanied by Board Resolutions authorizing the execution of any such supplemental indenture, and upon
receipt by the Trustee of the documents described in Section 9.05, the Trustee shall join with the Company in the execution of any such supplemental indenture, and to make any further appropriate agreements and stipulations that may be therein
contained. 
 Any supplemental indenture authorized by the provisions of this Section 9.01 may be executed by the Company
and the Trustee without the consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02. 
 Section 9.02 Supplemental Indentures with Consent of Securityholders. 

With the consent (evidenced as provided in Section 8.01) of the holders of not less than a majority in aggregate principal amount of
the Securities of each series at the time Outstanding affected by such 

  
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supplemental indenture or indentures, the Company, when authorized by Board Resolutions, and the Trustee from time to time and at any time may enter into an indenture or indentures supplemental
hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture
or of modifying in any manner not covered by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture, without the consent of the holders of each
Security then Outstanding and affected thereby, shall 
 (i) change the Stated Maturity of the principal of, or
any installment of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue
Discount Security or any other Security which would be due and payable upon a declaration of acceleration of the maturity or redemption thereof pursuant to Section 6.01(b), or change any place of payment where, or the coin or Currency in which,
any Security or any premium or interest thereon is payable, change the terms of or waive any redemption provisions or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case
of redemption, on or after the Redemption Date), or 
 (ii) reduce the percentage in principal amount of the
Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions of this Indenture or certain
defaults hereunder and their consequences provided for in this Indenture, or 
 (iii) modify any of the
provisions of this Section or Section 6.06, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security
affected thereby. 
 A supplemental indenture that changes or eliminates any covenant, Event of Default or other provision of
this Indenture that has been expressly included solely for the benefit of one or more particular series of Securities, if any, or which modifies the rights of the holders of Securities of such series with respect to such covenant, Event of Default
or other provision, shall be deemed not to affect the rights under this Indenture of the holders of Securities of any other series. 
 It shall not be necessary for the consent of Securityholders of a series affected thereby under this Section 9.02 to approve the particular form of any proposed supplemental indenture, but it shall
be sufficient if such consent shall approve the substance thereof. 
 Promptly after the execution by the Company and the
Trustee of any supplemental indenture pursuant to the provisions of this Section 9.02, the Company shall mail or caused to be mailed a notice thereof by first class mail to the Holders of Securities of each series affected thereby at their
addresses as they shall appear on the Security Register, setting forth in general terms the substance of such supplemental indenture. Any failure of the Company to mail such notice, or any defect therein, shall not in any way impair or affect the
validity of any such supplemental indenture. 
 Section 9.03 Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture pursuant to the provisions of this Article IX or Section 10.01, this Indenture
shall be and be deemed to be modified and amended with respect to such series in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the
holders of Securities of the series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture
shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

  
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 Section 9.04 Securities Affected by Supplemental Indentures. 

Securities of any series affected by a supplemental indenture and authenticated and delivered after the execution of such supplemental
indenture pursuant to the provisions of this Article or of Section 10.01 may bear a notation in form approved by the Company, provided such form meets the requirements of any exchange upon which such series may be listed, as to any matter
provided for in such supplemental indenture. If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board of Directors of the Company, to any modification of this Indenture contained in any
such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the Securities of that series then Outstanding. 
 Section 9.05 Execution of Supplemental Indentures. 
 Upon the request
of the Company, accompanied by Board Resolutions authorizing the execution of any such supplemental indenture, and, if applicable, upon the filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as
aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the
Trustee in its discretion may but shall not be obligated to enter into such supplemental indenture. The Trustee, subject to the provisions of Section 7.01, shall receive an Opinion of Counsel and Officer’s Certificate as conclusive
evidence that any supplemental indenture executed pursuant to this Article IX is authorized or permitted by, and conforms to, the terms of this Article IX. 
 ARTICLE X. 
 SUCCESSOR 

Section 10.01 Consolidation, Merger and Sale of Assets. 

The Company shall not consolidate with, merge with or into, or sell, convey, transfer, lease or otherwise dispose of all or substantially
all of the property and assets of the Company or the Company’s Subsidiaries taken as a whole (in one transaction or a series of related transactions) to, any Person or permit any Person to merge with or into it unless: 

(a) The Company shall be the continuing Person, or the Person (if other than the Company) formed by such consolidation or
into which we are merged or that acquired or leased such property and assets, shall be a Person organized and validly existing under the laws of the United States of America or any jurisdiction thereof, and shall expressly assume, by a supplemental
indenture, executed and delivered to the Trustee, all of the Company’s obligations under this Indenture and the Securities; 
 (b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing; and 

(c) the Company delivers to the Trustee an Officer’s Certificate and Opinion of Counsel, in each case stating that
such consolidation, merger or transfer and such supplemental indenture complies with this Section 10.01 and that all conditions precedent provided for herein relating to such transaction have been complied with. 

The restrictions in Sections 10.01(b) and 10.01(c) shall not be applicable to: 

(i) the merger or consolidation of the Company with an Affiliate of the Company if the Board of Directors determines
in good faith that the purpose of such transaction is principally to change the state of incorporation of the Company or convert the form of organization of the Company to another form; or 

(ii) the merger of the Company with or into a single direct or indirect wholly owned subsidiary of the Company
pursuant to Section 251(g) (or any successor provision) of the General Corporation Law of the State of Delaware (or similar provision of the Company’s state of incorporation). 

  
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 To the extent that a Board Resolution or supplemental indenture pertaining to any series
provides for different provisions relating to the subject matter of this Article X, the provisions in such Board Resolution or supplemental indenture shall govern for purposes of such series. 

Section 10.02 Successor Person Substituted. 
 Upon any consolidation or merger, or any sale, conveyance, transfer, lease or other disposition of all or substantially all of the property and assets of the Company in accordance with Section 10.01
of this Indenture, the successor Person formed by such consolidation or into which the Company is merged or to which such sale, conveyance, transfer, lease or other disposition is made shall succeed to and be substituted for, and may exercise every
right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company; provided that the Company shall not be released from its obligation to pay the principal of, premium, if any, or
interest on the Securities in the case of a lease of all or substantially all of its property and assets. 

  
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 ARTICLE XI. 
 SATISFACTION AND DISCHARGE 
 Section 11.01 Applicability of
Article. 
 If the Securities of a series are denominated and payable only in Dollars (except as provided pursuant to
Section 2.01), then the provisions of this Article XI relating to defeasance of Securities shall be applicable except as otherwise specified pursuant to Section 2.01 for Securities of such series. Defeasance provisions, if any, for
Securities denominated in a Foreign Currency may be specified pursuant to Section 2.01. 
 Section 11.02
Satisfaction and Discharge of Indenture. 
 This Indenture will be discharged and will cease to be of further effect as
to a series of Securities issued hereunder if at any time: 
 (a) either 

(i) the Company shall have delivered or shall have caused to be delivered to the Trustee for cancellation all Securities
of a series theretofore authenticated (other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided in Section 2.07) and Securities for whose payment funds or Governmental
Obligations have theretofore been deposited in trust or segregated and held in trust by the Company and thereupon repaid to the Company or discharged from such trust, as provided in Section 11.06; or 

(ii) all such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall have
become due and payable or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall
irrevocably deposit or cause to be deposited with the Trustee as trust funds, cash or Governmental Obligations that will generate enough cash, or a combination thereof sufficient to pay in Dollars (except as otherwise provided pursuant to
Section 2.01) at maturity or upon redemption all Securities of such series not theretofore delivered to the Trustee for cancellation, including principal, premium, if any, and interest due or to become due on such date of maturity or redemption
date, as the case may be; 
 (b) the Company has paid or caused to be paid all other sums payable hereunder by
the Company with respect to such series; and 

  
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 (c) the Company has delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to such series have been complied with. 

Nothing in this Section 11.02 shall be deemed to discharge the following provisions that shall survive until the date of maturity or redemption date,
as the case may be: (A) the rights of Holders of Securities of such series to receive, solely from the trust fund described in Section 11.03(c) and as more fully set forth in such Section, payments in respect of the principal of and any
premium and interest on such Securities when due, (B) the Company’s obligation with respect to such Securities under Sections 2.03, 2.04, 2.05, 2.07, 4.02, 4.03, 7.05 and 7.10 hereof, (C) the rights, powers, trusts, duties and
immunities of the Trustee hereunder and (D) this Article XI. Sections 7.06 and 11.06 shall survive to such date and thereafter, and the Trustee, on demand of the Company and at the cost and expense of the Company shall execute proper
instruments acknowledging satisfaction of and discharging this Indenture with respect to such series. 
 Section 11.03
Defeasance and Discharge of Obligations; Covenant Defeasance. 
 (a) If at any time: 

(i) all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not
become due and payable as described in Section 11.02 shall have been paid by the Company by depositing irrevocably with the Trustee in trust funds or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all
such Securities of that series not theretofore delivered to the Trustee for cancellation, including principal, premium, if any, and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and

 (ii) the Company shall also pay or cause to be paid all other amounts payable hereunder by the Company with
respect to such series, 
 then, after the date such funds or Governmental Obligations, as the case may be, are deposited with the Trustee, the
obligations of the Company under this Indenture with respect to such series shall cease to be of further effect except, to the extent applicable to each, for the following provisions that shall survive until such Securities shall mature and be paid:
(A) the rights of Holders of Securities of such series to receive, solely from the trust fund described in Section 11.03(c) and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest
on such Securities when due, (B) the Company’s obligation with respect to such Securities under Sections 2.03, 2.04, 2.05, 2.07, 4.02, 4.03, 7.05 and 7.10 hereof, (C) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and (D) this Article XI. Thereafter, Sections 7.06 and 11.06 shall survive such satisfaction and discharge. 
 (b) In addition, each of the Company, at its option and at any time, by written notice executed by an Officer delivered to the Trustee, may elect to have its obligations, to the extent applicable to each,
under Section 5.03 and any covenant contained in Article X, and any other covenant contained in the Board Resolution or supplemental indenture relating to such series pursuant to Section 2.01, discharged with respect to all Outstanding
Securities of a series, this Indenture and any indentures supplemental to this Indenture insofar as such Securities are concerned (“covenant defeasance”), such discharge to be effective on the date the conditions set forth in
clauses (i) through (vii) of Section 11.03(c) are satisfied, and such Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration of Securityholders
(and the consequences of any thereof) in connection with such 

  
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covenants, but shall continue to be “Outstanding” for all other purposes under this Indenture. For this purpose, such covenant defeasance means that, with respect to the Outstanding
Securities of a series, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to
any such covenant or by reason of reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute an Event of Default under Section 6.01(a)(3) or otherwise, but except as
specified in this Section 11.03(b), the remainder of the Company’s obligations under the Securities of such series, this Indenture, and any indentures supplemental to this Indenture with respect to such series shall be unaffected thereby.

 (c) The following shall be the conditions to the application of Section 11.03 to the Outstanding
Securities of the applicable series: 
 (i) the Company irrevocably deposits in trust with the Trustee or, at the
option of the Trustee, with a trustee satisfactory to the Trustee and the Company under the terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee, cash or Governmental Obligations that will generate cash
sufficient to pay principal of, premium, if any, and interest on the Outstanding Securities of such series to maturity or redemption, as the case may be, and to pay all other amounts payable by it hereunder, provided that (A) the trustee of the
irrevocable trust shall have been irrevocably instructed to pay such funds or the proceeds of such Governmental Obligations to the Trustee and (B) the Trustee shall have been irrevocably instructed to apply such funds or the proceeds of such
Governmental Obligations to the payment of said principal, premium, if any, and interest with respect to the Securities of such series; 
 (ii) the Company delivers to the Trustee an Officer’s Certificate stating that all conditions precedent specified herein relating to defeasance or covenant defeasance, as the case may be, have been
complied with, and an Opinion of Counsel to the same effect; 
 (iii) no Event of Default shall have occurred and
be continuing, and no event which with notice or lapse of time or both would become such an Event of Default shall have occurred and be continuing, on the date of such deposit; 

(iv) in the event of an election under Section 11.03(a), the Company shall have delivered to the Trustee an Opinion
of Counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a change in the applicable Federal income tax law, in
either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit, defeasance and
discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would be the case if such deposit, defeasance and discharge were not to occur;

 (v) in the event of an election under Section 11.03(b), the Company shall have delivered to the Trustee
an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be
subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur; and 

  
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 (vi) notwithstanding any other provisions of this Section 11.03, such
covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company pursuant to Section 2.01. 

After such irrevocable deposit made pursuant to this Section 11.03 and satisfaction of the other conditions set forth herein, the
Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations pursuant to this Section 11.03. 
 Section 11.04 Deposited Funds to be Held in Trust. 
 All funds or
Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own
paying agent), to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. 

Section 11.05 Payment of Funds Held by Paying Agents. 

In connection with the provisions of Section 11.02 or 11.03, all funds or Governmental Obligations then held by any paying agent
under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such funds or Governmental Obligations. 

Section 11.06 Repayment to the Company. 
 Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment of principal of, premium, if any, or interest on the Securities of a
particular series that are not applied but remain unclaimed by the holders of such Securities for at least one year after the date upon which the principal of, premium, if any, or interest on such Securities shall have respectively become due and
payable, shall, upon request of the Company, be repaid to the Company, or if then held by the Company shall be discharged from such trust; and thereafter, the paying agent and the Trustee shall be released from all further liability with respect to
such funds or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment shall thereafter, as an unsecured general creditor, look only to the Company, as applicable, for the payment thereof. Anything in this
Article XI to the contrary notwithstanding, subject to Section 7.06, the Trustee shall deliver or pay to the Company from time to time upon request by the Company any funds or Governmental Obligations (or other property and any proceeds
therefrom) held by it as provided in Sections 11.02 or 11.03 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the
amount thereof that would then be required to be deposited to effect a defeasance or covenant defeasance, as the case may be, in accordance with this Article XI. 
 Section 11.07 Reinstatement. 
 If the Trustee or paying agent is
unable to apply any funds or Governmental Obligations in accordance with Section 11.02 or 11.03 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, the Company’s obligations under this Indenture, any indentures supplemental to this Indenture with respect to the applicable series of Securities and the Securities of such series shall be revived and

  
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reinstated as though no deposit had occurred pursuant to Section 11.02 or 11.03, as the case may be, until such time as the Trustee or paying agent is permitted to apply all such funds or
Governmental Obligations in accordance with Section 11.02 or 11.03, as the case may be; provided, however, that if the Company has made any payment of principal, premium, if any, or interest on any Securities of such series following the
reinstatement of its obligations as aforesaid, the Company, as applicable, shall be subrogated to the rights of the holders of such Securities of such series to receive such payment from the funds or Governmental Obligations held by the Trustee or
paying agent. 
 ARTICLE XII. 
 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 

Section 12.01 No Recourse. 
 No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any
incorporator, shareholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no
such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, shareholders, officers or directors as such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation
of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability of every name and
nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, shareholder, officer or director as such, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the
execution of this Indenture and the issuance of such Securities. 
 ARTICLE XIII. 

MISCELLANEOUS PROVISIONS 
 Section 13.01 Effect on Successors and Assigns. 
 All the agreements
of the Company in this Indenture or the Securities shall bind its respective successor whether so expressed or not. All agreements of the Trustee in this Indenture shall bind its successor whether so expressed or not. 

Section 13.02 Actions by Successor. 
 Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like
force and effect by the corresponding board, committee or officer of any corporation that shall at the time be the lawful sole successor of the Company, as applicable. 

  
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 Section 13.03 Notices. 

Any notice or communication by the Company or the Trustee to the others is duly given if in writing and delivered in person or mailed by
first-class mail (registered or certified, return receipt requested), telex, telecopier or overnight air courier guaranteeing next day delivery, to the other’s address: 

 

			
	 If to the Company:
	  	Applied Materials, Inc.
		  	3050 Bowers Avenue
		  	P.O. Box 58039
		  	Santa Clara, California 95052
		  	Attention: [•]
		  	Facsimile No.: [•]
		
	 With copies to:
	  	John A. Fore
		  	Wilson Sonsini Goodrich & Rosati, Professional Corporation
		  	650 Page Mill Road
		  	Palo Alto, California 94304
		  	Telephone: (650) 493-9300
		  	Fax: (650) 493-6811
		
	 If to the Trustee:
	  	[•]
		  	[•]
		  	[•]
		  	Attention: [•]

 The Company or the
Trustee by notice to the others may designate additional or different addresses for subsequent notices or communications. 
 All
notices and communications (other than those sent to Securityholders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed;
when answered back, if telexed; when receipt acknowledged, if telecopied; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 

Any notice or communication to a Securityholder shall be mailed by first-class mail, certified or registered, return receipt requested,
to his address shown on the Security Register. Failure to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. 

In the event of suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice by mail, then
such notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every purpose hereunder. 
 If a notice or communication is mailed in the manner provided above within the time prescribed, it is conclusively presumed duly given, whether or not the addressee receives it. 

  
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 Section 13.04 Governing Law. 

This Indenture and each Security shall be deemed to be a contract made under the internal laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of said State without regard to conflicts of laws principles that would require the application of any other law. This Indenture is subject to the provisions of the Trust Indenture Act that are
required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions. 
 Section 13.05
Treatment of Securities as Debt. 
 It is intended that the Securities will be treated as indebtedness and not as equity
for United States federal income tax purposes. The provisions of this Indenture shall be interpreted to further this intention. 

Section 13.06 Compliance Certificates and Opinions. 

(a) Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this
Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that, in the opinion of the signer, all conditions precedent provided for in this Indenture relating to the proposed action have been complied with and an
Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with. 
 (b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant in this Indenture shall include: (1) a statement
that the Person making such certificate or opinion has read such covenant or condition; (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or
opinion are based; (3) a statement that, in the opinion of such Person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied
with; and (4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 
 Section 13.07 Payments on Business Days. 
 Except as provided pursuant
to Section 2.01 pursuant to a Board Resolution, and as set forth in an Officer’s Certificate or established in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any
Security or the date of redemption of any Security shall not be a Business Day, then payment of principal, premium, if any, or interest or principal and premium, if any, may be made on the next succeeding Business Day with the same force and effect
as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period after such nominal date. 

Section 13.08 Conflict with Trust Indenture Act. 
 If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture Act, such imposed duties
shall control. 
 Section 13.09 Counterparts. 

This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one and the same instrument. 

  
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 Section 13.10 Separability. 

In case any one or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be held to
be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such
invalid or illegal or unenforceable provision had never been contained herein or therein. 
 Section 13.11 No Adverse
Interpretation of Other Agreements. 
 This Indenture may not be used to interpret another indenture, loan or debt agreement
of the Company or a Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 13.12 Table of Contents, Headings, Etc. 
 The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof
and shall in no way modify or restrict any of the terms or provisions hereof. 
 Section 13.13 Consent to Jurisdiction
and Service of Process. 
 The Company agrees that any legal suit, action or proceeding brought by any party to enforce any
rights under or with respect to this Indenture, any Security or any other document or the transactions contemplated hereby or thereby may be instituted in any state or federal court in The City of New York, State of New York, United States of
America, irrevocably waives to the fullest extent permitted by law any objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding, irrevocably waives to the fullest extent permitted by law any claim
that and agrees not to claim or plead in any court that any such action, suit or proceeding brought in such court has been brought in an inconvenient forum and irrevocably submits to the non-exclusive jurisdiction of any such court in any such suit,
action or proceeding or for recognition and enforcement of any judgment in respect thereof. 
 To the extent that the Company
has or hereafter may acquire any immunity from jurisdiction of any court (including any court in the United States, the State of New York or other jurisdiction in which the Company or any successor thereof may be organized or any political
subdivisions thereof) or from any legal process (whether through service of notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property or assets, this Indenture, the
Securities or any other documents or actions to enforce judgments in respect of any thereof, then the Company hereby irrevocably waives such immunity, and any defense based on such immunity, in respect of its obligations under the above-referenced
documents and the transactions contemplated thereby, to the extent permitted by law. 
 Section 13.14 Waiver of Jury
Trial. 
 EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY AND ALL RIGHT TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
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 Section 13.15 USA Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Trustee, like all financial
institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with
[•]. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the USA Patriot Act. 

Section 13.16 Force Majeure. 
 In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its
control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under
the circumstances. 
 ARTICLE XIV. 
 SUBORDINATION OF SECURITIES 
 Section 14.01 Agreement of
Subordination. 
 The Company covenants and agrees, and each holder of Securities issued hereunder by its acceptance thereof
likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article XIV; and each Securityholder, whether upon original issue or upon transfer or assignment thereof, accepts and agrees to be bound by such
provisions. 
 The payment of the principal of, premium, if any, and interest on all Securities issued hereunder shall, to the
extent and in the manner hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness of the Company, whether outstanding at the date of this Indenture or thereafter incurred.

 The provisions of this Article XIV define the subordination of the Securities, as obligations of the Company, with respect to
Senior Indebtedness of the Company. 
 No provision of this Article XIV shall prevent the occurrence of any default or Event of
Default hereunder. 
 Section 14.02 Payment to Securityholders. 

In the event and during the continuation of any default in the payment of principal, premium, interest or any other payment due on any
Senior Indebtedness of the Company continuing beyond the grace period, if any, specified in the instrument or lease evidencing such Senior Indebtedness of the Company, then, unless and until such default shall have been cured or waived or shall have
ceased to exist, no payment shall be made by the Company with respect to the principal of, or premium, if any, or interest on the Securities, except sinking fund obligations satisfied by credit of acquired Securities under Section 3.05 prior to
the happening of 

  
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such default and payments made pursuant to Article XI hereof from monies deposited with the Trustee pursuant thereto prior to the happening of such default. 

Upon any payment by the Company, or distribution of assets of the Company of any kind or character, whether in cash, property or
securities, to creditors upon any dissolution or winding-up or liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, all amounts due or to become due upon all
Senior Indebtedness of the Company shall first be paid in full, or payment thereof provided for in money in accordance with its terms, before any payment is made on account of the principal (and premium, if any) or interest on the Securities (except
payments made pursuant to Article XI hereof from monies deposited with the Trustee pursuant thereto prior to the happening of such dissolution, winding-up, liquidation or reorganization); and upon any such dissolution or winding-up or liquidation or
reorganization, any payment by the Company, or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to which the holders of the Securities or the Trustee would be entitled, except for the
provisions of this Article XIV, shall (except as aforesaid) be paid by the Company or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, or by the holders of the Securities or by
the Trustee under this Indenture if received by them or it, directly to the holders of Senior Indebtedness of the Company (pro rata to such holders on the basis of the respective amounts of Senior Indebtedness of the Company held by such holders, as
calculated by the Company) or their representative or representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing any Senior Indebtedness of the Company may have been issued, as their respective
interests may appear, to the extent necessary to pay all Senior Indebtedness of the Company in full, in money or money’s worth, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness of the
Company, before any payment or distribution is made to the holders of the Securities or to the Trustee. 
 In the event that,
notwithstanding the foregoing, any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, prohibited by the foregoing, shall be received by the Trustee or the holders of the Securities
before all Senior Indebtedness of the Company is paid in full, or provision is made for such payment in money in accordance with its terms, such payment or distribution shall be held in trust for the benefit of and shall be paid over or delivered to
the holders of Senior Indebtedness of the Company or their representative or representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing any Senior Indebtedness of the Company may have been issued,
as their respective interests may appear, as calculated by the Company, for application to the payment of all Senior Indebtedness of the Company remaining unpaid to the extent necessary to pay all Senior Indebtedness of the Company in full in money
in accordance with its terms, after giving effect to any concurrent payment or distribution to or for the holders of such Senior Indebtedness. 
 For purposes of this Article XIV, the words, “cash, property or securities” shall not be deemed to include shares of stock of the Company as reorganized or readjusted, or securities of the
Company or any other corporation provided for by a plan of reorganization or readjustment, the payment of which is subordinated at least to the extent provided in this Article XIV with respect to the Securities to the payment of all Senior
Indebtedness of the Company which may at the time be outstanding; provided that (i) the Senior Indebtedness of the Company is assumed by the new corporation, if any, resulting from any such reorganization or readjustment, and (ii) the
rights of the holders of the Senior Indebtedness of the Company (other than leases) and of leases which are assumed are not, without the consent of such holders, altered by such reorganization or readjustment. The consolidation of the Company with,
or the merger of the Company into, another corporation or the liquidation or dissolution of the Company following the conveyance or transfer of its property as an entirety, or substantially as an entirety, to another corporation upon the terms and

  
 -59-

 
conditions provided for in Article X hereof shall not be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this Section 14.02 if such other corporation
shall, as a part of such consolidation, merger, conveyance or transfer, comply with the conditions stated in Article X hereof. Nothing in this Section 14.02 shall apply to claims of, or payments to, the Trustee under or pursuant to
Section 7.06. 
 Section 14.03 Subrogation of Securities. 

Subject to the payment in full of all Senior Indebtedness of the Company, the rights of the holders of the Securities shall be subrogated
to the rights of the holders of Senior Indebtedness of the Company to receive payments or distributions of cash, property or securities of the Company applicable to the Senior Indebtedness of the Company until the principal of (and premium, if any)
and interest on the Securities shall be paid in full; and, for the purposes of such subrogation, no payments or distributions to the holders of the Senior Indebtedness of the Company of any cash, property or securities to which the holders of the
Securities or the Trustee would be entitled except for the provisions of this Article XIV to or for the benefit of the holders of Senior Indebtedness of the Company by holders of the Securities or the Trustee, shall, as between the Company, its
creditors other than holders of Senior Indebtedness of the Company, and the holders of the Securities, be deemed to be a payment by the Company to or on account of the Senior Indebtedness of the Company. It is understood that the provisions of this
Article XIV are and are intended solely for the purpose of defining the relative rights of the holders of the Securities, on the one hand, and the holders of the Senior Indebtedness of the Company, on the other hand. 

Nothing contained in this Article XIV or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between the
Company, its creditors other than the holders of its Senior Indebtedness, and the holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the holders of the Securities the principal of (and premium,
if any) and interest on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the holders of the Securities and creditors of the Company other than
the holders of its Senior Indebtedness, nor shall anything herein or therein prevent the Trustee or the holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the
rights, if any, under this Article XIV of the holders of Senior Indebtedness of the Company in respect of cash, property or securities of the Company received upon the exercise of any such remedy. 

Upon any payment or distribution of assets of the Company referred to in this Article XIV, the Trustee, subject to the provisions of
Section 7.01, and the holders of the Securities shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which such dissolution, winding-up, liquidation or reorganization proceedings are pending, or a
certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, delivered to the Trustee or to the holders of the Securities, for the purpose of ascertaining the Persons entitled to
participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this
Article XIV. 
 Section 14.04 Authorization by Securityholders. 

Each holder of a Security by its acceptance thereof authorizes and directs the Trustee on its behalf to take such action as may be
necessary or appropriate to effectuate the subordination provided in this Article XIV appoints the Trustee its attorney-in-fact for any and all such purposes. 

  
 -60-

 Section 14.05 Notice to Trustee. 

The Company shall give promptly written notice to a Responsible Officer of the Trustee of any fact known to the Company which would
prohibit the making of any payment of monies to or by the Trustee in respect of the Securities pursuant to the provisions of this Article XIV. Notwithstanding the provisions of this Article XIV or any other provision of this Indenture, the Trustee
shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment of monies to or by the Trustee in respect of the Securities pursuant to the provisions of this Article XIV, unless and until a
Responsible Officer of the Trustee shall have received written notice thereof at the Corporate Trust Office of the Trustee from the Company or a holder or holders of Senior Indebtedness of the Company or from any trustee therefor; and before the
receipt of any such written notice, the Trustee, subject to the provisions of Section 7.01, shall be entitled in all respects to assume that no such facts exist; provided that if on a date not fewer than three Business Days prior to the date
upon which by the terms hereof any such monies may become payable for any purpose (including, without limitation, the payment of the principal of (or premium, if any) or interest on any Security) the Trustee shall not have received, with respect to
such monies, the notice provided for in this Section 14.05, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such monies and to apply the same to the purpose for which
they were received, and shall not be affected by any notice to the contrary which may be received by it on or after such prior date. Notwithstanding anything to the contrary hereinbefore set forth, nothing shall prevent any payment by the Company or
the Trustee to the Securityholders of monies in connection with a redemption of Securities if (i) notice of such redemption has been given pursuant to Article III or Sections 11.02 or 11.03 hereof prior to the receipt by the Trustee of
written notice as aforesaid, and (ii) such notice of redemption is given not earlier than 60 days before the redemption date. 
 The Trustee conclusively shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness of the Company (or a trustee on behalf
of such holder) to establish that such notice has been given by a holder of Senior Indebtedness of the Company or a trustee on behalf of any such holder or holders. In the event that the Trustee determines in good faith that further evidence is
required with respect to the right of any Person as a holder of Senior Indebtedness of the Company to participate in any payment or distribution pursuant to this Article XIV, the Trustee may request such Person to furnish evidence to the reasonable
satisfaction of the Trustee as to the amount of Senior Indebtedness of the Company held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such
Person under this Article XIV, and if such evidence is not furnished the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 

Section 14.06 Trustee’s Relation to Senior Indebtedness. 

The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XIV in respect of any Senior
Indebtedness of the Company at any time held by it, to the same extent as any other holder of Senior Indebtedness of the Company and nothing elsewhere in this Indenture shall deprive the Trustee of any of its rights as such holder. 

With respect to the holders of Senior Indebtedness of the Company, the Trustee undertakes to perform or to observe only such of its
covenants and obligations as are specifically set forth in this Article XIV, and no implied covenants or obligations with respect to the holders of Senior Indebtedness of the Company shall be read into this Indenture against the Trustee. The Trustee
shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of the Company and the Trustee shall not be liable to any 

  
 -61-

 
holder of Senior Indebtedness of the Company if it shall pay over or deliver to holders of Securities, the Company or any other Person money or assets to which any holder of Senior Indebtedness
of the Company shall be entitled by virtue of this Article XIV or otherwise. 
 Section 14.07 No Impairment of
Subordination. 
 No right of any present or future holder of any Senior Indebtedness of the Company to enforce
subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the
Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. 
 Section 14.08 Rights of Trustee. 
 Nothing in this Article XIV shall
apply to claims of or payments to, the Trustee pursuant to Section 7.06. 
 [Signatures on following page]

  
 -62-

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

					
	APPLIED MATERIALS, INC.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	 [•],

as Trustee

		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 EXHIBIT A 
 FORM OF CERTIFICATE OF TRANSFER 
 Applied Materials, Inc. 

3050 Bowers Avenue 
 P.O. Box 58039 

Santa Clara, California 95052 
 Attention:
[•] 
 [Trustee] 
 [Address]

  

	 	Re:	[insert description of Securities] 

 Ladies and
Gentlemen, 
 Reference is hereby made to the Indenture, dated as of
            ,             , between Applied Materials, Inc., a Delaware company (the “Company”)
and             , a             , as trustee (the “Trustee”), [as supplemented by that certain
supplemental indenture dated as of             ][and the Board Resolution adopted             ] (together, the
“Indenture”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.             (the “Transferor”)
owns and proposes to transfer the Security or Securities or interest[s] in such Security or Securities specified in Annex A hereto, in the principal amount of $            in such
Security or Securities or interest[s] (the “Transfer”), to             (the “Transferee”), as further specified in Annex A hereto. In connection
with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY 

1.  ̈ Check if Transferee will take delivery of a beneficial interest in the 144A
Global Security or a Definitive Security Pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities
Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Security is being transferred to a Person that the Transferor reasonably believed and believes is purchasing the beneficial interest or
Definitive Security for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of
Rule 144A (a “QIB”) in a transaction meeting the requirements of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any State of the United States. Upon consummation of the proposed
Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Security and/or
the Definitive Security and in the Indenture and the Securities Act. 
 2.  ̈
Check if Transferee will take delivery of a beneficial interest in the Regulation S Global Security or a Definitive Security pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with
Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and (y) at the time the buy order was originated,
the Transferee was outside the United States or such Transferor and any Person 

  
 A-1

 
acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (z) the transaction was executed in, on or through the facilities of a designated
offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the
requirements of Rule 903(b) or Rule 904 (b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the
proposed Transfer is being made prior to the expiration of the Distribution Compliance Period, the Transfer is not being made to a U.S. person (as such is defined in Regulation S) or for the account or benefit of a U.S. person (other than an
initial purchaser of the Securities) and the interest transferred will be held immediately thereafter through Euroclear or Clearstream. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Regulation S Global Security and/or the Definitive Security and in the Indenture and the
Securities Act. 
 3.  ̈ Check and complete if Transferee will take
delivery of a beneficial interest in a Definitive Security pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable
to beneficial interests in Restricted Global Securities and Restricted Definitive Securities and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any State of the United States, and accordingly the
Transferor hereby further certifies that (check one): 
 (a)  ̈
Such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; or 

(b)  ̈ Such Transfer is being effected to the Company or a Subsidiary
thereof; or 
 (c)  ̈ Such Transfer is being effected pursuant to
an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act; or 
 (d)  ̈ Such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration requirements of the
Securities Act other than Rule 144A, Rule 144 or Rule 904, and the Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the
Transfer complies with the transfer restrictions applicable to beneficial interests in a Restricted Global Security or Restricted Definitive Security and the requirements of the exemption claimed, which certification is supported by a certificate
executed by the Transferee in the form attached as Exhibit C to the Indenture. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the Definitive Security will be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Definitive Security and in the Indenture and the Securities Act. 
 4.
 ̈ Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global Security or of an Unrestricted Definitive Security. 

(a)  ̈ Check if Transfer is pursuant to Rule 144.
(i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of
the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed

  
 A-2

 
Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Security will no longer be subject to the restrictions on transfer enumerated in the
Private Placement Legend printed on the Restricted Global Securities, on Restricted Definitive Securities and in the Indenture and the Securities Act. 
 (b)  ̈ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with
Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Security will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Securities, on Restricted Definitive Securities and in the Indenture and
the Securities Act. 
 (c)  ̈ Check if Transfer is Pursuant
to Other Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance
with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Security will not be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Securities or Restricted Definitive Securities and in the Indenture. 
 This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 
  

											
	Dated:	 	 	 		 	 
		 		 		 	[Insert Name of Transferor]
					
		 		 		 	By:	 	 
		 		 		 		 	Name:	 	
		 		 		 		 	Title:	 	

  
 A-3

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

	1.	The Transferor owns and proposed to transfer the following: 

 [CHECK ONE OF (a) OR (b)] 
  

	 	(a)	 ̈ a beneficial interest in the: 

 

	 	(i)	 ̈ 144A Global Security (CUSIP             ), or

  

	 	(ii)	 ̈ Regulation S Global Security (CUSIP
            ), or 

  

	 	(b)	 ̈ Restricted Definitive Security. 

 

	2.	After the transfer the Transferee will hold: 

  

	 	(a)	 ̈ beneficial interest in the: 

 

	 	(i)	 ̈ 144A Global Security (CUSIP             ), or

  

	 	(ii)	 ̈ Regulation S Global Security (CUSIP
            ), or 

  

	 	(iii)	 ̈ Unrestricted Global Security (CUSIP             );
or 

  

	 	(b)	 ̈ a Restricted Definitive Security; or 

 

	 	(c)	 ̈ an Unrestricted Definitive Security, 

 in accordance with the terms of the Indenture. 

  
 A-4

 EXHIBIT B 
 FORM OF CERTIFICATE OF EXCHANGE 
 Applied Materials, Inc. 

3050 Bowers Avenue 
 P.O. Box 58039 

Santa Clara, California 95052 
 [Trustee]

 [Address of Trustee] 
  

	 	Re:	[insert description of the Securities] 

 Ladies
and Gentlemen, 
 Reference is hereby made to the Indenture, dated as of
            ,            , between Applied Materials, Inc., a Delaware company (the “Company”) and
            , a             , as trustee (the “Trustee”) [as supplemented by that certain
supplemental indenture dated as of             ][and the Board Resolution adopted             ] (together, the
“Indenture”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
             , (the “Owner”) owns and proposes to transfer the Security or Securities or interest[s] in such Security or
Securities specified herein, in the principal amount of $            in such Security or Securities or interest[s] (the “Exchange”). In connection with the Transfer,
the Transferor hereby certifies that: 
 1. Exchange of Restricted Definitive Securities or Beneficial Interests in a
Restricted Global Security for Unrestricted Definitive Securities or Beneficial Interests in an Unrestricted Global Security. 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Security to beneficial interest in an Unrestricted Global Security.
In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for a beneficial interest in an Unrestricted Global Security in an equal principal amount, the Owner hereby certifies (i) the beneficial
interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Securities and pursuant to and in accordance with the
United States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the
Securities Act and (iv) the beneficial interest in an Unrestricted Global Security is being acquired in compliance with any applicable blue sky securities laws of any State of the United States. 

(b)  ̈ Check if Exchange is from beneficial interest in a Restricted
Global Security to Unrestricted Definitive Security. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for an Unrestricted Definitive Security in an equal principal amount, the Owner
hereby certifies (i) the Definitive Security is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global
Securities and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance

  
 B-1

 
with the Securities Act and (iv) the Definitive Security is being acquired in compliance with any applicable blue sky securities laws of any State of the United States. 

(c)  ̈ Check if Exchange is from Restricted Definitive Security to
beneficial interest in an Unrestricted Global Security. In connection with the Owner’s Exchange of a Restricted Definitive Security for a beneficial interest in an Unrestricted Global Security, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Securities and pursuant to and in
accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in
an Unrestricted Global Security is being acquired in compliance with any applicable blue sky securities laws of any State of the United States. 
 (d)  ̈ Check if Exchange is from Restricted Definitive Security to Unrestricted Definitive Security. In connection with the Owner’s
Exchange of a Restricted Definitive Security for an Unrestricted Definitive Security, the Owner hereby certifies (i) the Unrestricted Definitive Security is being acquired for the Owner’s own account without transfer, (ii) such
Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Securities and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and
the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Security is being acquired in compliance with any applicable blue sky securities laws of any State of the
United States. 
 2. Exchange of Restricted Definitive Securities or Beneficial Interests in Restricted Global Securities
for Restricted Definitive Securities or Beneficial Interests in Restricted Global Securities. 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Security to Restricted Definitive Security. In connection with the Exchange of the Owner’s beneficial interest in a
Restricted Global Security for a Restricted Definitive Security with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Security is being acquired for the Owner’s own account without transfer. Upon consummation
of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Security issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Definitive Security and in the Indenture and the Securities Act. 
 (b)
 ̈ Check if Exchange is from Restricted Definitive Security to beneficial interest in a Restricted Global Security. In connection with the Exchange of the Owner’s Restricted
Definitive Security for a beneficial interest in the: 
 [CHECK ONE]  ̈ 144A Global Security or  ̈ Regulation S Global Security with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and
(ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Global Securities and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities
laws of any State of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the relevant Restricted Global Security and in the Indenture and the Securities Act. 

  
 B-2

 This certificate and the statements contained herein are made for your benefit and the
benefit of the Company. 
  

											
	Dated:	 	 	 		 	 
		 		 		 	[Insert Name of Owner]
					
		 		 		 	By:	 	 
		 		 		 		 	Name:	 	
		 		 		 		 	Title:	 	

  
 B-3

 EXHIBIT C 
 FORM OF CERTIFICATE FROM ACQUIRING 
 INSTITUTIONAL ACCREDITED INVESTOR

 Applied Materials, Inc. 
 3050
Bowers Avenue 
 P.O. Box 58039 
 Santa
Clara, California 95052 
 [Trustee] 

[Address of Trustee] 
  

	 	Re:	[insert description of the Securities] 

 Ladies
and Gentlemen, 
 Reference is hereby made to the Indenture, dated as of
            ,             , between Applied Materials, Inc., a Delaware company (the “Company”)
and             , a             , as trustee (the “Trustee”) [as supplemented by that certain
supplemental indenture dated as of             ][and the Board Resolution adopted             ] (together, the
“Indenture”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
 In connection with our proposed purchase of $              aggregate principal amount of: (a) a beneficial interest in a Global
Security, or (b) a Definitive Security, we confirm that: 
 1. We understand that any subsequent transfer of the Securities
or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Securities or any interest therein except in
compliance with, such restrictions and conditions and the United States Securities Act of 1933, as amended (the “Securities Act”). 
 2. We understand that the offer and sale of the Securities have not been registered under the Securities Act, and that the Securities and any interest therein may not be offered or sold except as
permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell the Securities or any interest therein, we will do so only (1) in the United
States to a person whom the seller reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) in a transaction meeting the requirements of Rule 144A, (2) outside the United
States in an offshore transaction in accordance with Rule 904 under the Securities Act, (3) pursuant to an exemption from registration under the Securities Act provided by Rule 144 thereunder (if available) or (4) pursuant to an
effective registration statement under the Securities Act, in each of cases (1) through (4) in accordance with any applicable securities laws of any state of the United States, and we further agree to notify any purchaser of the Securities
from us of the resale restrictions referred to above. 
 3. We understand that, on any proposed resale of the Securities or
beneficial interest therein, we will be required to furnish to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that any subsequent transfer by us of the Securities or beneficial interest therein acquired by us must be effected through one of the initial purchasers of the Securities. 

  
 C-1

 4. We are an institutional “accredited investor” (as defined in
Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the
Securities, and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 

5. We are acquiring the Securities or beneficial interest therein purchased by us for our own account or for one or more accounts (each
of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 
 You
and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered
hereby. 
  

											
	Dated:	 	 	 		 	 
		 		 		 	[Insert Name of Accredited Investor]
					
		 		 		 	By:	 	 
		 		 		 		 	Name:	 	
		 		 		 		 	Title:	 	

  
 C-2Credit Agreement

 Exhibit 10.1 

 
  

 
 CREDIT AGREEMENT

 by and among 
 SEITEL, INC. 
 as Parent, and as U.S. Borrower, 

OLYMPIC SEISMIC LTD., 
 as Canadian Borrower 
 THE LENDERS THAT ARE SIGNATORIES HERETO

 as the Lenders, 
 and 
 WELLS FARGO CAPITAL FINANCE, LLC 

as U.S. Agent 
 and 
 WELLS FARGO CAPITAL FINANCE CORPORATION CANADA 

as Canadian Agent 
 Dated as of May 25, 2011 
  

 
  

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of May 25, 2011, by and among
the lenders identified on the signature pages hereof (each of such lenders, together with their respective successors and permitted assigns, are referred to hereinafter as a “Lender”, as that term is hereinafter further defined),
WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, as administrative agent and collateral agent for the U.S. Lenders (in such capacity, together with its successors and assigns in such capacity, “U.S.
Agent”), WELLS FARGO CAPITAL FINANCE CORPORATION CANADA, a corporation incorporated under the laws of the Province of Ontario, as administrative agent and collateral agent for the Canadian Lenders (in such capacity, together with its
permitted successors and assigns in such capacity, “Canadian Agent”), Seitel, Inc., a Delaware corporation (“Parent” or “U.S. Borrower”) and Olympic Seismic Ltd., a corporation incorporated under
the laws of the Province of Alberta (“Canadian Borrower” and together with the U.S. Borrower and any other Subsidiary of Parent designated by Parent as a “Borrower” hereunder, individually, “Borrower” and
collectively, “Borrowers”). 
 The parties agree as follows: 

 

	 1.
	 DEFINITIONS AND CONSTRUCTION. 

 1.1 Definitions. Capitalized terms used in this Agreement shall have the meanings specified therefor on Schedule 1.1. 

1.2 Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance
with GAAP; provided, however, that if Borrowers notify Agent that Borrowers request an amendment to any provision hereof to eliminate the effect of any Accounting Change occurring after the Closing Date or in the application thereof on
the operation of such provision (or if Agents notify Borrowers that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such Accounting Change or in the
application thereof, then Agent and Borrowers agree that they will negotiate in good faith amendments to the provisions of this Agreement that are directly affected by such Accounting Change with the intent of having the respective positions of the
Lenders and Borrowers after such Accounting Change conform as nearly as possible to their respective positions as of the date of this Agreement and, until any such amendments have been agreed upon and agreed to by the Required Lenders, the
provisions in this Agreement shall be calculated as if no such Accounting Change had occurred. When used herein, the term “financial statements” shall include the notes and schedules thereto. Whenever the term “Parent” is used in
respect of a financial covenant or a related definition, it shall be understood to mean Parent and its Subsidiaries on a consolidated basis, unless the context clearly requires otherwise. 

1.3 Code; PPSA. Any terms used in this Agreement that are defined in (a) the Code shall be construed
and defined as set forth in the Code unless otherwise defined herein (provided, however, that to the extent that the Code is used to define any term herein and such term is defined differently in different Articles of the Code, the
definition of such term contained in 

 
Article 9 of the Code shall govern) and (b) the PPSA shall be construed and defined as set forth in the PPSA. 

1.4 Construction. Unless the context of this Agreement or any other Loan Document clearly requires
otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise indicated,
the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan Document refer to this Agreement
or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Loan Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this
Agreement unless otherwise specified. Any reference in this Agreement or in any other Loan Document to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements,
substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth
herein). 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. Any reference herein or in any other Loan Document to the
satisfaction, repayment, or payment in full of the Obligations shall mean the repayment in full in cash or immediately available U.S. or Canadian funds, as applicable, (or, (a) in the case of contingent reimbursement obligations with respect to
Letters of Credit, providing Letter of Credit Collateralization, and (b) in the case of obligations with respect to Bank Products (other than Hedge Obligations), providing Bank Product Collateralization if requested by a Bank Product Provider)
of all of the Obligations (including the payment of any Lender Group Expenses that have accrued irrespective of whether demand has been made therefore and the payment of any termination amount then applicable (or which would or could become
applicable as a result of the repayment of the other Obligations) under Hedge Agreements provided by Hedge Providers) other than (i) unasserted contingent indemnification Obligations, (ii) any Bank Product Obligations (other than Hedge
Obligations) for which Bank Product Collateralization has not been requested, and (iii) any Hedge Obligations that, at such time, are allowed by the applicable Hedge Provider to remain outstanding without being required to be repaid. Any
reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein or in any other Loan Document shall be satisfied by the transmission of a Record. 

1.5 Schedules and Exhibits. All of the schedules and exhibits attached to this Agreement shall be deemed
incorporated herein by reference. 
  

	 2.
	 LOANS AND TERMS OF PAYMENT. 

 2.1 U.S. Advances. 
 (a) Subject to
the terms and conditions of this Agreement, and during the term of this Agreement, each U.S. Lender agrees (severally, not jointly or jointly and severally) to make revolving loans (“U.S. Advances”) to any U.S. Borrower in an amount
at any one time outstanding not to exceed the lesser of: 

  
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 (i) such U.S. Lender’s Revolver Commitment, or

 (ii) such U.S. Lender’s Pro Rata Share of an amount equal to the U.S. Maximum Revolver
Amount less the sum of (1) the Letter of Credit Usage at such time, plus (2) the principal amount of Canadian Advances outstanding at such time (converted from Canadian Dollars into the equivalent amount thereof in Dollars as
determined by U.S. Agent or U.S. Issuing Lender, as the case may be, at such time), plus (3) the principal amount of Swing Loans outstanding at such time; provided, that the requested U.S. Borrowing would not exceed the Availability on
such Funding Date. 
 (b) Amounts borrowed pursuant to this Section 2.1 may be repaid
and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the U.S. Advances, together with interest accrued and unpaid thereon, shall be due and payable
on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. 
 (c) Anything to the contrary in Section 2.1 notwithstanding, U.S. Agent shall have the right (but not the obligation) to establish, increase, reduce, eliminate, or otherwise adjust reserves
from time to time against the U.S. Borrowing Base and the U.S. Maximum Revolver Amount in such amounts, and with respect to such matters, as U.S. Agent in its Permitted Discretion shall deem necessary or appropriate, including (i) reserves in
an amount equal to the U.S. Bank Product Reserve Amount, and (ii) reserves with respect to (A) sums that Parent or its Subsidiaries are required to pay under this Agreement or any other Loan Document (such as taxes, assessments, insurance
premiums, or, in the case of leased assets, rents or other amounts payable under such leases) and has failed to pay when due, and (B) amounts owing by Parent or its Subsidiaries to any Person to the extent secured by a Lien on, or trust over,
any of the U.S. Collateral (other than a Permitted Lien which is a permitted purchase money Lien or the interest of a lessor under a Capital Lease), which Lien or trust, in the Permitted Discretion of U.S. Agent likely would have a priority superior
to U.S. Agent’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or Liens or trusts for ad valorem, excise, sales, or other taxes where given priority under
applicable law) in and to such item of the U.S. Collateral (such reserves described in this Section 2.1(c), the “Applicable U.S. Reserves”). 

2.2 Canadian Advances. 

(a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each
Canadian Lender agrees to make revolving loans (“Canadian Advances”) to any Canadian Borrower in an amount at any one time outstanding not to exceed the lesser of: 

(i) such Canadian Lender’s Canadian Revolver Commitment, or 

(ii) an amount equal to the Maximum Canadian Revolver Amount less the Canadian Letter of Credit
Usage at such time; provided, that the requested Canadian Borrowing would not exceed the Availability on such Funding Date. 

  
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 (b) Amounts borrowed pursuant to this
Section 2.2 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Canadian Advances, together with interest accrued and
unpaid thereon, shall be due and payable on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. 

(c) Anything to the contrary in this Section 2.2 notwithstanding, Canadian Agent shall have
the right (but not the obligation) to establish, increase, reduce, eliminate, or otherwise adjust reserves from time to time against the Canadian Borrowing Base and the Maximum Canadian Revolver Amount in such amounts, and with respect to such
matters, as Canadian Agent in its Permitted Discretion shall deem necessary or appropriate, including (i) reserves in an amount equal to the Canadian Bank Product Reserve Amount, (ii) reserves with respect to (A) sums that Parent or
its Subsidiaries are required to pay under this Agreement or any other Loan Document (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under such leases) and has failed to pay when due,
and (B) amounts owing by Parent or its Subsidiaries to any Person to the extent secured by a Lien on, or trust over, any of the Canadian Collateral (other than a Permitted Lien which is a permitted purchase money Lien or the interest of a
lessor under a Capital Lease), which Lien or trust, in the Permitted Discretion of Canadian Agent likely would have a priority superior to Canadian Agent’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics,
materialmen, laborers, or suppliers, or Liens or trusts for ad valorem, excise, sales, or other taxes where given priority under applicable law) in and to such item of the Canadian Collateral and (iii) reserves for any unpaid Statutory
Lien Payments specified in Section 4.30 (such reserves described in this Section 2.2(c), the “Applicable Canadian Reserves” and together with the Applicable U.S. Reserves, the “Applicable
Reserves”). 
 2.3 Borrowing Procedures and Settlements. 

(a) Procedure for Borrowing. 

(i) Each U.S. Borrowing shall be made by a written request by an Authorized Person of the applicable U.S.
Borrower delivered to U.S. Agent. Such notice must be received by U.S. Agent no later than 1:00 p.m. (Eastern Standard time) on the Business Day prior to the date that is the requested Funding Date, except to the extent such U.S. Borrower is
electing (A) a LIBOR Rate Loan, and in such case such U.S. Borrower must comply with Section 2.13 or (B) a U.S. Swing Loan, and in such case notice must be received by U.S. Agent no later than 1:00 p.m. (Eastern Standard time)
on the Business Day that is the requested Funding Date, in each case, specifying (i) the amount of such U.S. Borrowing, and (ii) the requested Funding Date, which shall be a Business Day. At U.S. Agent’s election, in lieu of
delivering the above-described written request, any Authorized Person of such U.S. Borrower may give U.S. Agent telephonic notice of such request by the required time. In such circumstances, such U.S. Borrower agrees that any such telephonic notice
will be confirmed in writing within 24 hours of the giving of such telephonic notice, but the failure to provide such written confirmation shall not affect the validity of the request. 

(ii) Each Canadian Borrowing shall be made by a written request by an Authorized Person of the applicable
Canadian Borrower delivered to Canadian Agent. Such 

  
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notice must be received by Canadian Agent no later than 1:00 p.m. (Eastern Standard time) on the Business Day prior to the date that is the requested Funding Date, except to the extent such
Canadian Borrower is electing a Canadian Swing Loan, and in such case notice must be received by Canadian Agent no later than 1:00 p.m. (Eastern Standard time) on the Business Day that is the requested Funding Date, in each case, specifying
(i) the amount of such Canadian Borrowing, and (ii) the requested Funding Date, which shall be a Business Day. At Canadian Agent’s election, in lieu of delivering the above-described written request, any Authorized Person of such
Canadian Borrower may give Canadian Agent telephonic notice of such request by the required time. In such circumstances, such Canadian Borrower agrees that any such telephonic notice will be confirmed in writing within 24 hours of the giving of such
telephonic notice, but the failure to provide such written confirmation shall not affect the validity of the request. 
 (b) Making of Swing Loans. In the case of a request for an Advance and so long as the aggregate amount of Swing Loans made since the last Settlement Date, minus the amount of Collections or
payments applied to Swing Loans since the last Settlement Date, plus the amount of the requested Advance does not exceed $5,000,000, (I) if such request is for a U.S. Advance, U.S. Swing Lender shall make a U.S. Advance in Dollars to such U.S.
Borrower, in the amount of such requested U.S. Borrowing (any such U.S. Advance made solely by U.S. Swing Lender pursuant to this Section 2.3(b) being referred to as a “U.S. Swing Loan” and such U.S. Advances being
referred to as “U.S. Swing Loans”) available to U.S. Borrowers on the Funding Date applicable thereto by transferring immediately available funds to the U.S. Designated Account; provided, that U.S. Borrowers shall not use the
proceeds of any U.S. Swing Loan to refinance any outstanding U.S. Swing Loan; and (II) if such request is for a Canadian Advance, Canadian Swing Lender shall make a Canadian Advance in Canadian Dollars to such Canadian Borrower, in the amount of
such requested Canadian Borrowing (any such Canadian Advance made solely by Canadian Swing Lender pursuant to this Section 2.3(b) being referred to as a “Canadian Swing Loan” and such Canadian Advances being referred to
as “Canadian Swing Loans”) available to Canadian Borrowers on the Funding Date applicable thereto by transferring immediately available funds to the Canadian Designated Account; provided, that Canadian Borrowers shall not use the
proceeds of any Canadian Swing Loan to refinance any outstanding Canadian Swing Loan. 
 (i)
Anything contained herein to the contrary notwithstanding, the U.S. Swing Lender may, but shall not be obligated to, make U.S. Swing Loans at any time that one or more of the U.S. Lenders is a Defaulting Lender. Each U.S. Swing Loan shall be deemed
to be a U.S. Advance hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other U.S. Advances, except that all payments on any U.S. Swing Loan shall be payable to U.S. Swing Lender solely for
its own account. Subject to the provisions of Section 2.3(d)(ii), U.S. Swing Lender shall not make and shall not be obligated to make any U.S. Swing Loan if U.S. Swing Lender has actual knowledge that (i) one or more of the
applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable U.S. Borrowing, or (ii) the requested U.S. Borrowing would exceed the U.S. Availability on such Funding
Date. U.S. Swing Lender shall not otherwise be required to determine whether the applicable conditions precedent set forth in Section 3 have been satisfied on the Funding Date applicable thereto prior to making any U.S. Swing Loan. The
U.S. Swing Loans shall be secured by U.S. Agent’s Liens, constitute U.S. Advances and U.S. Obligations hereunder, and bear interest at the Base Rate plus the Base Rate Margin. 

  
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 (ii) Anything contained herein to the contrary
notwithstanding, the Canadian Swing Lender may, but shall not be obligated to, make Canadian Swing Loans at any time that one or more of the Canadian Lenders is a Defaulting Lender. Each Canadian Swing Loan shall be deemed to be a Canadian Advance
hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other Canadian Advances, except that all payments on any Canadian Swing Loan shall be payable to Canadian Swing Lender solely for its own
account. Subject to the provisions of Section 2.3(d)(ii), Canadian Swing Lender shall not make and shall not be obligated to make any Canadian Swing Loan if Canadian Swing Lender has actual knowledge that (i) one or more of the
applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable Canadian Borrowing, or (ii) the requested Canadian Borrowing would exceed the Canadian Availability on
such Funding Date. Canadian Swing Lender shall not otherwise be required to determine whether the applicable conditions precedent set forth in Section 3 have been satisfied on the Funding Date applicable thereto prior to making any
Canadian Swing Loan. The Canadian Swing Loans shall be secured by Canadian Agent’s Liens, constitute Canadian Advances and Canadian Obligations hereunder, and bear interest at the Canadian Base Rate plus the Base Rate Margin. 

(c) Making of Loans. 

(i) In the event that U.S. Swing Lender is not obligated to make a U.S. Swing Loan, then promptly after
receipt of a request for a U.S. Borrowing pursuant to Section 2.3(a)(i), U.S. Agent shall notify the U.S. Lenders, not later than 4:00 p.m. (Eastern Standard time) on the Business Day immediately preceding the Funding Date applicable
thereto, by telecopy, telephone, or other similar form of transmission, of the requested U.S. Borrowing (provided, that notice of a requested LIBOR Rate Loan shall be provided as set forth in Section 2.13). Each U.S. Lender shall make
the amount of such U.S. Lender’s Pro Rata Share of the requested U.S. Borrowing available to U.S. Agent in immediately available funds, to U.S. Agent’s Account, not later than 1:00 p.m. (Eastern Standard time) on the Funding Date
applicable thereto. After U.S. Agent’s receipt of the proceeds of such U.S. Advances, U.S. Agent shall make the proceeds thereof available to the applicable U.S. Borrower on the applicable Funding Date by transferring immediately available
funds equal to such proceeds received by U.S. Agent to the U.S. Designated Account; provided, however, that, subject to the provisions of Section 2.3(d)(ii), U.S. Agent shall not request any U.S. Lender to make any U.S.
Advance if it has knowledge that, and no U.S. Lender shall have the obligation to make any U.S. Advance, if (1) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding
Date for the applicable U.S. Borrowing unless such condition has been waived, or (2) the requested U.S. Borrowing would exceed the Availability on such Funding Date. In the event that Canadian Swing Lender is not obligated to make a Canadian
Swing Loan, then promptly after receipt of a request for a Canadian Borrowing pursuant to Section 2.3(a)(ii), Canadian Agent shall notify Canadian Lenders, not later than 4:00 p.m. (Eastern Standard time) on the Business Day immediately
preceding the Funding Date applicable thereto, by telecopy, telephone, or other similar form of transmission, of the requested Canadian Borrowing. Each Canadian Lender shall make the amount of the requested Canadian Borrowing available to Canadian
Agent in immediately available funds to Canadian Agent’s Account, not later than 1:00 p.m. (Eastern Standard time) on the Funding Date applicable thereto. After Canadian Agent’s receipt of the proceeds of such Canadian Advances,
Canadian 

  
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Agent shall make the proceeds thereof available to the applicable Canadian Borrower on the applicable Funding Date by transferring immediately available funds equal to such proceeds received by
Canadian Agent to the Canadian Designated Account; provided, however, that, subject to the provisions of Section 2.3(d)(ii), Canadian Agent shall not request any Canadian Lender to make any Canadian Advance if it has
knowledge that, and no Canadian Lender shall have the obligation to make any Canadian Advance, if (1) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for
the applicable Canadian Borrowing unless such condition has been waived, or (2) the requested Canadian Borrowing would exceed the Availability on such Funding Date. 

(ii) Unless U.S. Agent or Canadian Agent, as applicable, receives notice from a Lender prior to 12:00 p.m.
(Eastern Standard time) on the date of a Borrowing, that such Lender will not make available as and when required hereunder to such Agent for the account of the applicable Borrower the amount of that Lender’s Pro Rata Share of the Borrowing,
such Agent may assume that each Lender has made or will make such amount available to such Agent in immediately available U.S. or Canadian funds, as applicable, on the Funding Date and such Agent may (but shall not be so required), in reliance upon
such assumption, make available to the applicable Borrower on such date a corresponding amount. If any Lender shall not have made its full amount available to such Agent in immediately available U.S. or Canadian funds, as applicable, and if such
Agent in such circumstances has made available to the applicable Borrower such amount, that Lender shall on the Business Day following such Funding Date make such amount available to such Agent, together with interest at the Defaulting Lender Rate
for each day during such period. A notice submitted by U.S. Agent or Canadian Agent, as applicable, to any Lender with respect to amounts owing under this Section 2.3(c)(ii) shall be conclusive, absent manifest error. If such amount is
so made available, such payment to U.S. Agent or Canadian Agent, as applicable, shall constitute such Lender’s Advance on the date of Borrowing for all purposes of this Agreement. If such amount is not made available to U.S. Agent or Canadian
Agent, as applicable, on the Business Day following the Funding Date, such Agent will notify the applicable Borrower of such failure to fund and, upon demand by such Agent, the applicable Borrower shall pay such amount to such Agent for such
Agent’s Account, together with interest thereon for each day elapsed since the date of such Borrowing, at a rate per annum equal to the interest rate applicable at the time to the Advances composing such Borrowing. 

(d) Protective Advances and Optional Overadvances. 

(i) Any contrary provision of this Agreement or any other Loan Document notwithstanding, U.S. Agent and
Canadian Agent hereby are authorized by Borrowers and the Lenders, from time to time in such Agent’s sole discretion, (A) after the occurrence and during the continuance of a Default or an Event of Default, or (B) at any time that any
of the other applicable conditions precedent set forth in Section 3 are not satisfied, to make U.S. Advances to, or for the benefit of, U.S. Borrowers or Canadian Advances to, or for the benefit of Canadian Borrowers, on behalf of the
Lenders that such Agent, in its Permitted Discretion deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, or (2) to enhance the likelihood of repayment of the Obligations (other than the Bank
Product Obligations) (any of the U.S Advances described in this Section 2.3(d)(i) shall be referred to as “U.S. Protective Advances” and any of the Canadian Advances described in this Section 2.3(d)(i) 

  
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shall be referred to as “Canadian Protective Advances” and together with the U.S. Protective Advances, “Protective Advances”). 

(ii) Any contrary provision of this Agreement or any other Loan Document notwithstanding, the Lenders
hereby authorize U.S. Agent, Canadian Agent, U.S. Swing Lender or Canadian Swing Lender, as applicable, and U.S. Agent, Canadian Agent, U.S. Swing Lender or Canadian Swing Lender, as applicable, may, but is not obligated to, knowingly and
intentionally, continue to make Advances (including Swing Loans) to either U.S. Borrowers or Canadian Borrowers, as applicable, notwithstanding that an Overadvance exists or would be created thereby, so long as (A) after giving effect to such
Advances, (1) the outstanding Revolver Usage does not exceed the U.S. Borrowing Base by more than $3,000,000 and (2) the outstanding Canadian Revolver Usage does not exceed the Canadian Borrowing Base by more than $500,000, and
(B) after giving effect to such Advances, (1) the outstanding U.S. Revolver Usage (except for and excluding amounts charged to the U.S. Loan Account or Canadian Loan Account for interest, fees, or Lender Group Expenses) does not exceed the
U.S. Maximum Revolver Amount and (2) the outstanding Canadian Revolver Usage (except for and excluding amounts charged to the Canadian Loan Account for interest, fees, or Lender Group Expenses of the Canadian Lender Group) does not exceed the
Maximum Canadian Revolver Amount. In the event U.S. Agent or Canadian Agent obtains actual knowledge that the Revolver Usage exceeds the amounts permitted by the immediately foregoing provisions, regardless of the amount of, or reason for, such
excess, the applicable Agent shall notify the Lenders as soon as practicable (and prior to making any (or any additional) intentional Overadvances (except for and excluding amounts charged to either Loan Account for interest, fees, or Lender Group
Expenses) unless such Agent determines that prior notice would result in imminent harm to the Collateral or its value, in which case such Agent may make such Overadvances and provide notice as promptly as practicable thereafter), and the Lenders
with Revolver Commitments thereupon shall, together with the Agents, jointly determine the terms of arrangements that shall be implemented with Borrowers intended to reduce, within a reasonable time, the outstanding principal amount of the Advances
to Borrowers to an amount permitted by the preceding sentence. In such circumstances, if any Lender objects to the proposed terms of reduction or repayment of any Overadvance, the terms of reduction or repayment thereof shall be implemented
according to the determination of the Required Lenders. The foregoing provisions are meant for the benefit of the Lenders and Agents and are not meant for the benefit of Borrowers, which shall continue to be bound by the provisions of
Section 2.5. Each Lender shall be obligated to settle with the applicable Agent as provided in Section 2.3(e) for the amount of such Lender’s Pro Rata Share of any unintentional Overadvances by such Agent reported to
such Lender, any intentional Overadvances made as permitted under this Section 2.3(d)(ii), and any Overadvances resulting from the charging to either Loan Account of interest, fees, or Lender Group Expenses. 

(iii) Each Protective Advance and each Overadvance shall be deemed to be an Advance hereunder, except that
no Protective Advance or Overadvance shall be eligible to be a LIBOR Rate Loan, and, prior to Settlement therefor, all payments on the Protective Advances shall be payable to U.S. Agent or Canadian Agent, as applicable, solely for its own account.
The Protective Advances and Overadvances shall be repayable on demand, secured by U.S. Agent’s or Canadian Agent’s Liens, as applicable, constitute Obligations hereunder, and bear interest at the Base Rate plus the Base Rate Margin or the
Canadian Base Rate plus the Base Rate Margin, as applicable. The ability of U.S. Agent and Canadian Agent to make Protective 

  
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Advances is separate and distinct from such Agent’s ability to make Overadvances and such Agent’s ability to make Overadvances is separate and distinct from such Agent’s ability to
make Protective Advances. For the avoidance of doubt, the limitations on U.S. Agent’s and Canadian Agent’s ability to make Protective Advances do not apply to Overadvances and the limitations on U.S. Agent’s and Canadian Agent’s
ability to make Overadvances do not apply to Protective Advances. The provisions of this Section 2.3(d) are for the exclusive benefit of Agents, Swing Lenders, and the Lenders and are not intended to benefit Borrowers in any way.

 (e) Settlement. It is agreed that each Lender’s funded portion of the Advances is
intended by the Lenders to equal, at all times, such Lender’s Pro Rata Share of the outstanding Advances. Such agreement notwithstanding, Agent, Swing Lender, and the other Lenders agree (which agreement shall not be for the benefit of
Borrowers) that in order to facilitate the administration of this Agreement and the other Loan Documents, settlement among the Lenders as to the Advances, the Swing Loans, and the Protective Advances shall take place on a periodic basis in
accordance with the following provisions: 
 (i) U.S. Agent or Canadian Agent, as applicable,
shall request settlement (“Settlement”) with the Lenders on a weekly basis, or on a more frequent basis if so determined by such Agent (1) on behalf of U.S. Swing Lender, with respect to the outstanding U.S. Swing Loans,
(2) on behalf of Canadian Swing Lender, with respect to the outstanding Canadian Swing Loans, (3) for itself, with respect to its outstanding Protective Advances or Overadvances, and (4) with respect to Borrowers’ or their
Subsidiaries’ Collections or payments received, as to each by notifying the Lenders by telecopy, telephone, or other similar form of transmission, of such requested Settlement, no later than 5:00 p.m. (Eastern Standard time) on the Business Day
immediately prior to the date of such requested Settlement (the date of such requested Settlement being the “Settlement Date”). Such notice of a Settlement Date shall include a summary statement of the amount of outstanding
Advances, Swing Loans, Overadvances, and Protective Advances for the period since the prior Settlement Date. Subject to the terms and conditions contained herein (including Section 2.3(g)): (y) if the amount of the Advances
(including Swing Loans, Overadvances, and Protective Advances) made by a Lender that is not a Defaulting Lender exceeds such Lender’s Pro Rata Share of the U.S. Advances or Canadian Advances of such Lender, as applicable (including Swing Loans,
Overadvances, and Protective Advances) as of a Settlement Date, then U.S. Agent or Canadian Agent, as applicable, shall, by no later than 3:00 p.m. (Eastern Standard time) on the Settlement Date, transfer in immediately available U.S. or Canadian
funds, as applicable, to a Deposit Account of such Lender (as such Lender may designate), an amount such that each such Lender shall, upon receipt of such amount, have as of the Settlement Date, its Pro Rata Share of the U.S. Advances or Canadian
Advances of such Lender, as applicable (including Swing Loans, Overadvances, and Protective Advances), and (z) if the amount of the U.S. Advances or Canadian Advances, as applicable (including Swing Loans, Overadvances, and Protective Advances)
made by a Lender is less than such Lender’s Pro Rata Share of the U.S. Advances or Canadian Advances, as applicable (including Swing Loans, Overadvances, and Protective Advances) as of a Settlement Date, such Lender shall no later than 3:00
p.m. (Eastern Standard time) on the Settlement Date transfer in immediately available U.S. or Canadian funds, as applicable, to U.S. Agent’s or Canadian Agent’s Account, as applicable, an amount such that each such Lender shall, upon
transfer of such amount, have as of the Settlement Date, its Pro Rata Share of the U.S. Advances or Canadian Advances, as applicable (including Swing Loans, Overadvances, and Protective 

  
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Advances). Such amounts made available to U.S. Agent or Canadian Agent under clause (z) of the immediately preceding sentence shall be applied against the amounts of the applicable Swing
Loans, Overadvances, or Protective Advances and, together with the portion of such Swing Loans, Overadvances, or Protective Advances representing U.S. Swing Lender’s Pro Rata Share thereof, shall constitute U.S. Advances of such U.S. Lenders or
representing Canadian Swing Lender’s Pro Rata Share thereof, shall constitute Canadian Advances of such Canadian Lenders. If any such amount is not made available to U.S. Agent or Canadian Agent, as applicable, by any Lender on the Settlement
Date applicable thereto to the extent required by the terms hereof, such Agent shall be entitled to recover for its account such amount on demand from such Lender together with interest thereon at the Defaulting Lender Rate. 

(ii) In determining whether a Lender’s balance of the Advances, Swing Loans, Overadvances, and
Protective Advances is less than, equal to, or greater than such Lender’s Pro Rata Share of the Advances, Swing Loans, Overadvances, and Protective Advances as of a Settlement Date, U.S. Agent or Canadian Agent, as applicable, shall, as part of
the relevant Settlement, apply to such balance the portion of payments actually received in good funds by such Agent with respect to principal, interest, fees payable by Borrowers and allocable to the Lenders hereunder, and proceeds of Collateral.

 (iii) Between Settlement Dates, (A) U.S. Agent, to the extent U.S. Protective Advances,
U.S. Overadvances, or U.S. Swing Loans are outstanding, may pay over to U.S. Agent or U.S. Swing Lender, as applicable, any Collections or payments received by U.S. Agent, that in accordance with the terms of this Agreement would be applied to the
reduction of the U.S. Advances, for application to the U.S. Protective Advances, U.S. Overadvances, or U.S. Swing Loans and (B) Canadian Agent, to the extent Canadian Protective Advances, Canadian Overadvances, or Canadian Swing Loans are
outstanding, may pay over to Canadian Agent or Canadian Swing Lender, as applicable, any Collections or payments received by Canadian Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the Canadian
Advances, for application to the Canadian Protective Advances, Canadian Overadvances, or Canadian Swing Loans. Between Settlement Dates, (A) U.S. Agent, to the extent no U.S. Protective Advances, U.S. Overadvances, or U.S. Swing Loans are
outstanding, may pay over to U.S. Swing Lender any Collections or payments received by U.S. Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the U.S. Advances, for application to U.S. Swing
Lender’s Pro Rata Share of the U.S. Advances and (B) Canadian Agent, to the extent no Canadian Protective Advances, Canadian Overadvances, or Canadian Swing Loans are outstanding, may pay over to Canadian Swing Lender any Collections or
payments received by Canadian Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the Canadian Advances, for application to Canadian Swing Lender’s Pro Rata Share of the Canadian Advances. If, as of
any Settlement Date, Collections or payments of Borrowers or their Subsidiaries received since the then immediately preceding Settlement Date have been applied to U.S. Swing Lender’s Pro Rata Share of the U.S. Advances other than to U.S. Swing
Loans or Canadian Swing Lender’s Pro Rata Share of the Canadian Advances other than to Canadian Swing Loans, as provided for in the previous sentence, such Swing Lender shall pay to U.S. Agent or Canadian Agent, as applicable, for the accounts
of the U.S. Lenders or Canadian Lenders, as applicable, and U.S. Agent or Canadian Agent, as applicable, shall pay to the U.S. Lenders or Canadian Lenders, as applicable (other than a Defaulting Lender if such Agent has implemented the provisions of

  
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Section 2.3(g)), to be applied to the outstanding U.S. Advances of such U.S. Lenders or Canadian Advances of such Canadian Lenders, an amount such that each such Lender shall, upon
receipt of such amount, have, as of such Settlement Date, its Pro Rata Share of the Advances. During the period between Settlement Dates, U.S. Swing Lender with respect to U.S. Swing Loans, Canadian Swing Lender with respect to Canadian Swing Loans,
Agents with respect to Protective Advances and Overadvances, and each Lender with respect to the Advances other than Swing Loans, Overadvances, and Protective Advances, shall be entitled to interest at the applicable rate or rates payable under this
Agreement on the daily amount of funds employed by Swing Lenders, Agents, or the Lenders, as applicable. 
 (iv) Anything in this Section 2.3(e) to the contrary notwithstanding, in the event that a Lender is a Defaulting Lender, U.S. Agent or Canadian Agent, as applicable, shall be entitled to
refrain from remitting settlement amounts to the Defaulting Lender and, instead, shall be entitled to elect to implement the provisions set forth in Section 2.3(g). 

(f) Notation. U.S. Agent, as a non-fiduciary agent for U.S. Borrowers, shall maintain a register
showing the principal amount of the U.S. Advances owing to each U.S. Lender, including the U.S. Swing Loans owing to U.S. Swing Lender, and U.S. Protective Advances and U.S. Overadvances owing to U.S. Agent, and the interests therein of each U.S.
Lender, from time to time and such register shall, absent manifest error, conclusively be presumed to be correct and accurate. Canadian Agent, as a non-fiduciary agent for Canadian Borrowers, shall maintain a register showing the principal amount of
the Canadian Advances owing to each Canadian Lender, including the Canadian Swing Loans owing to Canadian Swing Lender, and Canadian Protective Advances and Canadian Overadvances owing to Canadian Agent, and the interests therein of each Canadian
Lender, from time to time and such register shall, absent manifest error, conclusively be presumed to be correct and accurate. 
 (g) Defaulting Lenders. Neither U.S. Agent nor Canadian Agent shall be obligated to transfer to a Defaulting Lender any payments made by Borrowers to such Agent for the Defaulting Lender’s
benefit or any Collections or proceeds of Collateral that would otherwise be remitted hereunder to the Defaulting Lender, and, in the absence of such transfer to the Defaulting Lender, such Agent shall transfer any such payments (A) first, to
U.S. Swing Lender or Canadian Swing Lender, as applicable, to the extent of any U.S. Swing Loans or Canadian Swing Loans, as applicable, that were made by such Swing Lender and that were required to be, but were not, paid by the Defaulting Lender,
(B) second, to the U.S. Issuing Lender or Canadian Issuing Lender, as applicable, to the extent of the portion of a Letter of Credit Disbursement that was required to be, but was not, paid by the Defaulting Lender, (C) third, to each
non-Defaulting Lender ratably in accordance with their Commitments (but, in each case, only to the extent that such Defaulting Lender’s portion of an Advance (or other funding obligation) was funded by such other non-Defaulting Lender),
(D) to a suspense account maintained by U.S. Agent or Canadian Agent, the proceeds of which shall be retained by such Agent and may be made available to be re-advanced to or for the benefit of Borrowers as if such Defaulting Lender had made its
portion of Advances (or other funding obligations) hereunder, and (E) from and after the date on which all other Obligations have been paid in full, to such Defaulting Lender in accordance with tier (L) of Section 2.4(b)(ii) or
Section 2.4(b)(iii), as applicable. Subject to the foregoing, U.S. Agent and Canadian Agent may hold and, in its discretion, re-lend to Borrowers for the account of such Defaulting Lender the amount of all such payments received and
retained 

  
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by such Agent for the account of such Defaulting Lender. Solely for the purposes of voting or consenting to matters with respect to the Loan Documents (including the calculation of Pro Rata Share
in connection therewith) and for the purpose of calculating the fee payable under Section 2.10(b), such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero;
provided, however, that the foregoing shall not apply to any of the matters governed by Section 14.1(a)(i). The provisions of this Section 2.3(g) shall remain effective with respect to such Defaulting Lender
until the earlier of (y) the date on which either (1) all of the U.S. Lenders that are non-Defaulting Lenders, U.S. Agent, U.S. Issuing Lender, and U.S. Borrowers shall have waived, in writing, the application of this
Section 2.3(g) to such Defaulting Lender that is a U.S. Lender or (2) all of the Canadian Lenders that are non-Defaulting Lenders, Canadian Agent, Canadian Issuing Lender and Canadian Borrowers shall have waived, in writing, the
application of this Section 2.3(g) to such Defaulting Lender that is a Canadian Lender, or (z) the date on which such Defaulting Lender makes payment of all amounts that it was obligated to fund hereunder, pays to U.S. Agent or
Canadian Agent, as applicable, all amounts owing by Defaulting Lender in respect of the amounts that it was obligated to fund hereunder, and, if requested by such Agent, provides adequate assurance of its ability to perform its future obligations
hereunder. The operation of this Section 2.3(g) shall not be construed to increase or otherwise affect the Commitment of any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its duties and
obligations hereunder, or to relieve or excuse the performance by Borrowers of their duties and obligations hereunder to Agents, Issuing Lenders, or to the Lenders other than such Defaulting Lender. Any failure by a Defaulting Lender to fund amounts
that it was obligated to fund hereunder shall constitute a material breach by such Defaulting Lender of this Agreement and shall entitle Borrowers, at their option, upon written notice to U.S. Agent or Canadian Agent, as applicable, to arrange for a
substitute Lender to assume the Commitment of such Defaulting Lender, such substitute Lender to be reasonably acceptable to such Agent. In connection with the arrangement of such a substitute Lender, the Defaulting Lender shall have no right to
refuse to be replaced hereunder, and agrees to execute and deliver a completed form of Assignment and Acceptance in favor of the substitute Lender (and agrees that it shall be deemed to have executed and delivered such document if it fails to do so)
subject only to being paid its share of the outstanding Obligations (other than Bank Product Obligations, but including (1) all interest, fees, and other amounts that may be due and payable in respect thereof, and (2) an assumption of its
Pro Rata Share of its participation in the U.S. Letters of Credit or Canadian Letters of Credit, as applicable); provided, however, that any such assumption of the Commitment of such Defaulting Lender shall not be deemed to constitute
a waiver of any of the Lender Groups’ or Borrowers’ rights or remedies against any such Defaulting Lender arising out of or in relation to such failure to fund. In the event of a direct conflict between the priority provisions of this
Section 2.3(g) and any other provision contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in
concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section 2.3(g) shall control and govern. 

(h) Independent Obligations. All Advances (other than Swing Loans, Overadvances, and Protective
Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance
(or other 

  
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extension of credit) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and
(ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder. 
 2.4 Payments; Reductions of Commitments; Prepayments. 
 (a) Payments by Borrower. 
 (i) Except as
otherwise expressly provided herein, all payments by Borrowers shall be made to U.S. Agent’s or Canadian Agent’s Account, as applicable, for the account of the U.S. Lender Group or the Canadian Lender Group, as applicable, and shall be
made in immediately available U.S. or Canadian funds, as applicable, no later than 2:00 p.m. (Eastern Standard time) on the date specified herein. Any payment received by U.S. Agent or Canadian Agent, as applicable, later than 2:00 p.m. (Eastern
Standard time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue until such following Business Day. Payments of U.S. Advances (including Swing Loans) and U.S. Letters of
Credit shall be made in Dollars and payments of Canadian Advances (including Swing Loans) and Canadian Letters of Credit shall be made in Canadian Dollars. 

(ii) Unless U.S. Agent receives notice from a U.S. Borrower prior to the date on which any payment is due
to the U.S. Lenders that such U.S. Borrower will not make such payment in full as and when required, U.S. Agent may assume that such U.S. Borrower has made (or will make) such payment in full to U.S. Agent on such date in immediately available
funds, and U.S. Agent may (but shall not be so required), in reliance upon such assumption, distribute to each U.S. Lender on such due date an amount equal to the amount then due such U.S. Lender. If and to the extent such U.S. Borrower does not
make such payment in full to U.S. Agent on the date when due, each U.S. Lender severally shall repay to U.S. Agent on demand such amount distributed to such U.S. Lender, together with interest thereon at the Defaulting Lender Rate for each day from
the date such amount is distributed to such U.S. Lender until the date repaid. Unless Canadian Agent receives notice from a Canadian Borrower prior to the date on which any payment is due to the Canadian Lenders that such Canadian Borrower will not
make such payment in full as and when required, Canadian Agent may assume that such Canadian Borrower has made (or will make) such payment in full to Canadian Agent on such date in immediately available funds, and Canadian Agent may (but shall not
be so required), in reliance upon such assumption, distribute to each Canadian Lender on such due date an amount equal to the amount then due such Canadian Lender. If and to the extent Canadian Borrower does not make such payment in full to Canadian
Agent on the date when due, each Canadian Lender shall repay to Canadian Agent on demand such amount distributed to such Canadian Lender, together with interest thereon at the Defaulting Lender Rate for each day from the date such amount is
distributed to such Canadian Lender until the date repaid. 
 (b) Apportionment and
Application. 
 (i) So long as no Application Event has occurred and is continuing and except
as otherwise provided herein with respect to Defaulting Lenders, (A) all principal and interest payments received by U.S. Agent shall be apportioned ratably among the U.S. Lenders 

  
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(according to the unpaid principal balance of the U.S. Obligations to which such payments relate held by each U.S. Lender) and all payments of fees and expenses received by U.S. Agent (other than
fees or expenses that are for U.S. Agent’s separate account or for the separate account of the U.S. Issuing Lender) shall be apportioned ratably among the U.S. Lenders having a Pro Rata Share of the type of Commitment or U.S. Obligation to
which a particular fee or expense relates. All payments to be made hereunder by U.S. Borrowers shall be remitted to U.S. Agent and all (subject to Section 2.4(b)(v) and Section 2.4(e)) such payments, and all proceeds of
Collateral received by U.S. Agent, shall be applied, so long as no Application Event has occurred and is continuing, to reduce the balance of the U.S. Advances outstanding and, thereafter, to U.S. Borrowers (to be wired to the Designated Account) or
such other Person entitled thereto under applicable law and (B) all principal and interest payments received by Canadian Agent shall be apportioned ratably among the Canadian Lenders (according to the unpaid principal balance of the Canadian
Obligations to which such payments relate held by each Canadian Lender) and all payments of fees and expenses received by Canadian Agent (other than fees or expenses that are for Canadian Agent’s separate account or for the separate account of
the Canadian Issuing Lender) shall be apportioned ratably among the Canadian Lenders having a Pro Rata Share of the type of Commitment or Canadian Obligation to which a particular fee or expense relates. All payments to be made hereunder by Canadian
Borrowers shall be remitted to Canadian Agent and all (subject to Section 2.4(b)(v) and Section 2.4(e)) such payments, and all proceeds of Collateral received by Canadian Agent, shall be applied, so long as no Application
Event has occurred and is continuing, to reduce the balance of the Canadian Advances outstanding and, thereafter, to Canadian Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law. 

(ii) At any time that an Application Event has occurred and is continuing and except as otherwise provided
herein with respect to Defaulting Lenders, all payments remitted to U.S. Agent and all proceeds of Collateral received by U.S. Agent shall be applied as follows: 

(A) first, to pay any Lender Group Expenses of the U.S. Lender Group (including cost or expense
reimbursements) or indemnities then due to U.S. Agent under the Loan Documents, until paid in full, 
 (B) second, to pay any fees or premiums then due to U.S. Agent under the Loan Documents until paid in full, 

(C) third, to pay interest due in respect of all U.S. Protective Advances until paid in full,

 (D) fourth, to pay the principal of all U.S. Protective Advances until paid in full,

 (E) fifth, ratably, to pay any Lender Group Expenses of the U.S. Lender Group
(including cost or expense reimbursements) or indemnities then due to any of the U.S. Lenders under the Loan Documents, until paid in full, 
 (F) sixth, ratably, to pay any fees or premiums then due to any of the U.S. Lenders under the Loan Documents until paid in full, 

  
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 (G) seventh, to pay interest accrued in respect of
the U.S. Swing Loans until paid in full, 
 (H) eighth, to pay the principal of all U.S.
Swing Loans until paid in full, 
 (I) ninth, ratably, to pay interest accrued in respect
of the U.S. Advances (other than U.S. Protective Advances) until paid in full, 
 (J)
tenth, ratably (i) to pay the principal of all U.S. Advances until paid in full, (ii) to U.S. Agent, to be held by U.S. Agent, for the benefit of U.S. Issuing Lender (and for the ratable benefit of each of the U.S. Lenders that have
an obligation to pay to U.S. Agent, for the account of the U.S. Issuing Lender, a share of each Letter of Credit Disbursement), as cash collateral in an amount up to 105% of U.S. Letter of Credit Usage (to the extent permitted by applicable law,
such cash collateral shall be applied to the reimbursement of any Letter of Credit Disbursement as and when such disbursement occurs and, if a U.S. Letter of Credit expires undrawn, the cash collateral held by U.S. Agent in respect of such U.S.
Letter of Credit shall, to the extent permitted by applicable law, be reapplied pursuant to this Section 2.4(b)(ii), beginning with tier (A) hereof), and (iii) ratably, to the U.S. Bank Product Providers based upon amounts then
certified by the applicable U.S. Bank Product Provider to U.S. Agent (in form and substance satisfactory to U.S. Agent) to be due and payable to such U.S. Bank Product Providers on account of U.S. Bank Product Obligations, 

(K) eleventh, to pay any other U.S. Obligations other than U.S. Obligations owed to Defaulting
Lenders, 
 (L) twelfth, ratably to pay any U.S. Obligations owed to Defaulting Lenders;
and 
 (M) thirteenth, to U.S. Borrowers (to be wired to the Designated Account) or such
other Person entitled thereto under applicable law. 
 (iii) At any time that an Application
Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all payments remitted to Canadian Agent and all proceeds of Collateral received by Canadian Agent shall be applied as follows:

 (A) first, to pay any Lender Group Expenses of the Canadian Lender Group (including
cost or expense reimbursements) or indemnities then due to Canadian Agent under the Loan Documents, until paid in full, 
 (B) second, to pay any fees or premiums then due to Canadian Agent under the Loan Documents until paid in full, 

(C) third, to pay interest due in respect of all Canadian Protective Advances until paid in full,

 (D) fourth, to pay the principal of all Canadian Protective Advances until paid in
full, 

  
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 (E) fifth, ratably, to pay any Lender Group Expenses
of the Canadian Lender Group (including cost or expense reimbursements) or indemnities then due to any of the Canadian Lenders under the Loan Documents, until paid in full, 

(F) sixth, ratably, to pay any fees or premiums then due to any of the Canadian Lenders under the
Loan Documents until paid in full, 
 (G) seventh, to pay interest accrued in respect of
the Canadian Swing Loans until paid in full, 
 (H) eighth, to pay the principal of all
Canadian Swing Loans until paid in full, 
 (I) ninth, ratably, to pay interest accrued
in respect of the Canadian Advances (other than Protective Advances) until paid in full, 
 (J)
tenth, ratably (i) to pay the principal of all Canadian Advances until paid in full, (ii) to Canadian Agent, to be held by Canadian Agent, for the benefit of Canadian Issuing Lender (and for the ratable benefit of each of the
Canadian Lenders that have an obligation to pay to Canadian Agent, for the account of Canadian Issuing Lender, a share of each Letter of Credit Disbursement), as cash collateral in an amount up to 110% of Canadian Letter of Credit Usage (to the
extent permitted by applicable law, such cash collateral shall be applied to the reimbursement of any Letter of Credit Disbursement as and when such disbursement occurs and, if a Canadian Letter of Credit expires undrawn, the cash collateral held by
Canadian Agent in respect of such Canadian Letter of Credit shall, to the extent permitted by applicable law, be reapplied pursuant to this Section 2.4(b)(iii), beginning with tier (A) hereof), and (iii) ratably, to the
Canadian Bank Product Providers based upon amounts then certified by the applicable Canadian Bank Product Provider to Canadian Agent (in form and substance satisfactory to Canadian Agent) to be due and payable to such Canadian Bank Product Providers
on account of Canadian Bank Product Obligations, 
 (K) eleventh, to pay any other
Canadian Obligations other than Canadian Obligations owed to Defaulting Lenders, 
 (L)
twelfth, ratably to pay any Canadian Obligations owed to Defaulting Lenders; and 
 (M)
thirteenth, to Canadian Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law. 
 (iv) The applicable Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each Lender in writing, such funds as it may be entitled to receive, subject
to a Settlement delay as provided in Section 2.3(e). 
 (v) In each instance, so long
as no Application Event has occurred and is continuing, Section 2.4(b) shall not apply to any payment made by the applicable Borrowers to the applicable Agent and specified by such Borrowers to be for the payment of specific

  
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Obligations then due and payable (or prepayable) under any provision of this Agreement or any other Loan Document. 

(vi) For purposes of Section 2.4(b)(ii), “paid in full” of a type of Obligation
means payment in cash or immediately available U.S. or Canadian funds, as applicable, of all amounts owing on account of such type of Obligation, including interest accrued after the commencement of any Insolvency Proceeding, default interest,
interest on interest, and expense reimbursements, irrespective of whether any of the foregoing would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding. 

(vii) In the event of a direct conflict between the priority provisions of this Section 2.4
and any other provision contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the
event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, if the conflict relates to the provisions of Section 2.3(g) and this Section 2.4, then the provisions of Section 2.3(g) shall
control and govern, and if otherwise, then the terms and provisions of this Section 2.4 shall control and govern. 
 (c) Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. U.S. Borrowers may prepay all outstanding U.S. Advances and reduce the Revolver Commitments of
U.S. Lenders to an amount equal to zero, without premium or penalty, by providing not less than 3 Business Days prior written notice to U.S. Agent, which notice shall be irrevocable. Each such reduction of the Revolver Commitments of U.S. Lenders
shall reduce the Revolver Commitments of each U.S. Lender proportionately in accordance with its ratable share thereof. Canadian Borrowers may prepay all outstanding Canadian Advances and reduce the Revolver Commitments of Canadian Lenders to an
amount equal to zero, without premium or penalty, by providing not less than 3 Business Days prior written notice to Canadian Agent, which notice shall be irrevocable. Once terminated, the Revolver Commitments may not be reborrowed. 

(d) Optional Prepayments. U.S. Borrowers may prepay the principal of any U.S. Advance at any time
in whole or in part, without premium or penalty. Canadian Borrowers may prepay the principal of any Canadian Advance at any time in whole or in part, without premium or penalty. 

(e) Mandatory Prepayments. 

(i) Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the
U.S. Borrowing Base (such excess being referred to as the “U.S. Borrowing Base Excess”), then U.S. Borrowers shall immediately prepay the U.S. Obligations in accordance with Section 2.4(f), and cause the Canadian
Borrowers, if needed, to immediately prepay the Canadian Obligations in accordance with Section 2.4(f), in an aggregate amount equal to the U.S. Borrowing Base Excess. If, at any time, (A) the Canadian Revolver Usage on such date
exceeds (B) the Canadian Borrowing Base (such excess being referred to as the “Canadian Borrowing Base Excess”), then Canadian Borrowers shall immediately prepay the Canadian Obligations in accordance with
Section 2.4(f), in an aggregate amount equal to the Canadian Borrowing Base Excess. 

  
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 (ii) Dispositions. Within 1 Business Day of the date
of receipt by Parent or any of its Subsidiaries of the Net Cash Proceeds of any voluntary or involuntary sale or disposition by Parent or any of its Subsidiaries of assets (including casualty losses or condemnations but excluding sales or
dispositions which qualify as Permitted Dispositions under clauses (a), (b), (c), or (d) of the definition of Permitted Dispositions), the applicable U.S. Borrower or Canadian Borrower shall prepay the outstanding principal amount of the U.S.
Obligations or Canadian Obligations, as applicable, in accordance with Section 2.4(f) in an amount equal to 100% of such Net Cash Proceeds (including condemnation awards and payments in lieu thereof) received by such Person in
connection with such sales or dispositions; provided that, so long as (A) no Default or Event of Default shall have occurred and is continuing or would result therefrom, (B) such Borrower shall have given the applicable Agent prior
written notice of such Borrower’s intention to apply such monies to the costs of replacement of the properties or assets that are the subject of such sale or disposition or the cost of purchase or construction of other assets useful in the
business of Parent or its Subsidiaries, (C) the monies are held in a Deposit Account in which U.S. Agent or Canadian Agent, as applicable, has a perfected first-priority security interest, and (D) Parent or its Subsidiaries, as applicable,
complete such replacement, purchase, or construction within 180 days after the initial receipt of such monies, then the Loan Party whose assets were the subject of such disposition shall have the option to apply such monies to the costs of
replacement of the assets that are the subject of such sale or disposition unless and to the extent that such applicable period shall have expired without such replacement, purchase, or construction being made or completed, in which case, any
amounts remaining in the Deposit Account referred to in clause (C) above shall be paid to such Agent and applied in accordance with Section 2.4(f); provided, however, that Parent and its Subsidiaries shall not have the
right to use such Net Cash Proceeds to make such replacements, purchases, or construction in excess of $1,000,000 in any given fiscal year. Nothing contained in this Section 2.4(e)(ii) shall permit Parent or any of its Subsidiaries
to sell or otherwise dispose of any assets other than in accordance with Section 6.4. 
 (iii) Indebtedness. Within 5 days of the date of receipt of funds with respect to any Indebtedness (other than Permitted Indebtedness) by Parent or any of its Subsidiaries, the applicable U.S.
Borrower or Canadian Borrower shall prepay the outstanding principal amount of the U.S. Obligations or Canadian Obligations, as applicable, in accordance with Section 2.4(f) in an amount equal to 100% of the Net Cash Proceeds received by
such Person in connection with such incurrence. The provisions of this Section 2.4(e)(iii) shall not be deemed to be implied consent to any such incurrence otherwise prohibited by the terms and conditions of this Agreement. 

(f) Application of Payments. Each prepayment made by a U.S. Borrower pursuant to
Section 2.4(e)(i), 2.4(e)(ii) or 2.4(e)(iii), shall, (A) so long as no Application Event shall have occurred and be continuing, be applied to the outstanding principal amount of the U.S. Advances (with no corresponding
permanent reduction in the U.S. Maximum Revolver Amount) until paid in full (with no corresponding permanent reduction in the U.S. Maximum Revolver Amount), and (B) if an Application Event shall have occurred and be continuing, be applied in
the manner set forth in Section 2.4(b)(ii) (with a corresponding permanent reduction in the U.S. Maximum Revolver Amount). Each prepayment made by a Canadian Borrower pursuant to Section 2.4(e)(i), 2.4(e)(ii) or
2.4(e)(iii), shall, (A) so long as no Application Event shall have occurred and be continuing, be applied to the outstanding principal amount of the Canadian 

  
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Advances (with no corresponding permanent reduction in the Maximum Canadian Revolver Amount) until paid in full (with no corresponding permanent reduction in the Maximum Canadian Revolver
Amount), and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii) (with a corresponding permanent reduction in the Maximum Canadian Revolver Amount).

 2.5 Overadvances. If, at any time or for any reason, the amount of U.S. Obligations owed by
U.S. Borrowers to the U.S. Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (a “U.S.
Overadvance”), U.S. Borrowers shall immediately pay to U.S. Agent, in cash, the amount of such excess, which amount shall be used by U.S. Agent to reduce the U.S. Obligations in accordance with the priorities set forth in
Section 2.4(b). U.S. Borrowers promise to pay the U.S. Obligations (including principal, interest, fees, costs, and expenses) in full on the Maturity Date or, if earlier, on the date on which the U.S. Obligations (other than the U.S.
Bank Product Obligations) become due and payable pursuant to the terms of this Agreement. If, at any time or for any reason, the amount of Canadian Obligations owed by Canadian Borrowers to the Canadian Lender Group pursuant to
Section 2.2 or Section 2.12 is greater than any of the limitations set forth in Section 2.2 or Section 2.12, as applicable (a “Canadian Overadvance” and together with U.S.
Overadvances, each an “Overadvance” and collectively, the “Overadvances”), Canadian Borrowers shall immediately pay to Canadian Agent, in cash, the amount of such excess, which amount shall be used by Canadian Agent
to reduce the Canadian Obligations in accordance with the priorities set forth in Section 2.4(b). Canadian Borrowers promise to pay the Canadian Obligations (including principal, interest, fees, costs, and expenses) in full on the
Maturity Date or, if earlier, on the date on which the Canadian Obligations (other than the Canadian Bank Product Obligations) become due and payable pursuant to the terms of this Agreement. 

2.6 Interest Rates and Letter of Credit Fees: Rates, Payments, and Calculations. 

(a) Interest Rates. Except as provided in Section 2.6(c), Section 2.11 and
Section 2.12 all Obligations (except for undrawn Letters of Credit) that have been charged to either Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof at a per annum rate equal to (a) the
LIBOR Rate plus the LIBOR Rate Margin for all U.S. Advances that are LIBOR Rate Loans, (b) the Base Rate plus the Base Rate Margin for all U.S. Advances that are Base Rate Loans, or (c) the Canadian Base Rate plus the Base Rate Margin for
all Canadian Advances. 
 (b) Letter of Credit Fees. The U.S. Borrowers or the Canadian
Borrowers, as applicable, shall pay, in each case, payable quarterly in arrears: 
 (i) to U.S.
Agent, for the ratable benefit of the U.S. Lenders, a Letter of Credit fee, which shall accrue at a rate equal to 3.50% per annum times the Daily Balance of the undrawn amount of all outstanding U.S. Letters of Credit and to Canadian
Agent, for the benefit of Canadian Lenders, a Letter of Credit fee, which shall accrue at a rate equal to 3.50% per annum times the Daily Balance of the undrawn amount of all outstanding Canadian Letters of Credit; and 

  
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 (ii) to U.S. Issuing Lender a fronting fee, which shall
accrue at a rate equal to 0.25% per annum times the Daily Balance of the undrawn amount of all outstanding U.S. Letters of Credit and to Canadian Issuing Lender a fronting fee, which shall accrue at a rate equal to 0.25% per annum
times the Daily Balance of the undrawn amount of all outstanding Canadian Letters of Credit. 
 (c) Default Rate. 
 (i) Upon the occurrence
and during the continuation of an Event of Default, all Obligations (except for undrawn Letters of Credit and Bank Product Obligations) that have been charged to either Loan Account pursuant to the terms hereof shall bear interest on the Daily
Balance thereof at a per annum rate equal to 2% above the per annum rate otherwise applicable thereunder. 
 (ii) Upon the occurrence and during the continuation of an Event of Default and at the election of the Required Lenders, the Letter of Credit fee provided for in Section 2.6(b)(i) shall be
increased 2% above the per annum rate otherwise applicable hereunder. 
 (d) Payment.
Except to the extent provided to the contrary in Section 2.6(b), Section 2.10 or Section 2.13(a), all interest, all fees payable hereunder or under any of the other Loan Documents, all costs and expenses payable
hereunder or under any of the other Loan Documents, and all Lender Group Expenses shall be due and payable, in arrears, on the first day of each month at any time that Obligations or Commitments are outstanding. Borrowers hereby authorize U.S. Agent
or Canadian Agent, as applicable, 1 Business Day following electronic notice to Borrowers of amounts due, to charge all interest, Letter of Credit fees, and all other fees payable hereunder or under any of the other Loan Documents (in each case, as
and when due and payable), all costs and expenses payable hereunder or under any of the other Loan Documents (in each case, as and when accrued or incurred), and all Lender Group Expenses (as and when accrued or incurred), all fees and costs
provided for in Section 2.10 (as and when accrued or incurred), and all other payment obligations as and when due and payable under any Loan Document or any Bank Product Agreement (other than any amounts due and payable to the Bank
Product Providers in respect of Bank Products) to the applicable Loan Account, which amounts thereafter shall constitute Advances hereunder and, initially, shall accrue interest at the Base Rate plus the Base Rate Margin or the Canadian Base Rate
plus the Base Rate Margin, as applicable. Any interest, fees, costs, expenses, Lender Group Expenses, or other amounts payable hereunder or under any other Loan Document or under any Bank Product Agreement that are charged to the applicable Loan
Account shall thereupon constitute Advances hereunder and shall initially accrue interest at the Base Rate plus the Base Rate Margin (unless and until converted into LIBOR Rate Loans in accordance with the terms of this Agreement) or the Canadian
Base Rate plus the Base Rate Margin, as applicable. 
 (e) Computation. All interest and
fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year, in each case, for the actual number of days elapsed in the period during which the interest or fees accrue. In the event the Base Rate or the Canadian Base
Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate or the Canadian Base Rate, as applicable, automatically and 

  
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immediately shall be increased or decreased by an amount equal to such change in the Base Rate or the Canadian Base Rate, as applicable. 

(f) Intent to Limit Charges to Maximum Lawful Rate. In no event shall the interest rate or rates
payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrowers and the Lender
Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding,
if such rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrowers are and shall be liable only for the payment of such maximum amount as is
allowed by law, and payment received from Borrowers in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess. 

2.7 Crediting Payments. The receipt of any payment item by the applicable Agent shall not be considered a
payment on account unless such payment item is a wire transfer of immediately available federal funds made to such Agent’s Account or unless and until such payment item is honored when presented for payment. Should any payment item not be
honored when presented for payment, then Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by
such Agent only if it is received into such Agent’s Account on a Business Day on or before 2:00 p.m. (Eastern Standard time). If any payment item is received into such Agent’s Account on a non-Business Day or after 2:00 p.m. (Eastern
Standard time) a Business Day, it shall be deemed to have been received by such Agent as of the opening of business on the immediately following Business Day. 
 2.8 Designated Accounts. U.S. Agent is authorized to make the U.S. Advances, and U.S. Issuing Lender is authorized to issue the U.S. Letters of Credit, under this Agreement based upon
telephonic or other instructions received from anyone purporting to be an Authorized Person of a U.S. Borrower or, without instructions, if pursuant to Section 2.6(d). U.S. Borrowers agree to establish and maintain the Designated Account
of U.S. Borrowers with the U.S. Designated Account bank for the purpose of receiving the proceeds of the U.S. Advances requested by U.S. Borrowers and made by U.S. Agent or the U.S. Lenders hereunder. Unless otherwise agreed by U.S. Agent and U.S.
Borrowers, any U.S. Advance or U.S. Swing Loan requested by any U.S. Borrower and made by U.S. Agent or the U.S. Lenders hereunder shall be made to the Designated Account of U.S. Borrowers. Canadian Agent is authorized to make the Canadian Advances,
and Canadian Issuing Lender is authorized to issue the Canadian Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person of a Canadian Borrower or, without
instructions, if pursuant to Section 2.6(d). Canadian Borrowers agree to establish and maintain the Designated Account of Canadian Borrowers with the Canadian Designated Account bank for the purpose of receiving the proceeds of the
Canadian Advances requested by Canadian Borrowers and made by Canadian Agent or the Canadian Lenders hereunder. Unless otherwise agreed by Canadian Agent and Canadian Borrowers, any Canadian Advance or Canadian Swing Loan requested by

  
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any Canadian Borrower and made by Canadian Agent or the Canadian Lenders hereunder shall be made to the Designated Account of Canadian Borrowers. 

2.9 Maintenance of Loan Accounts; Statements of Obligations. U.S. Agent shall maintain an account on its
books in the name of U.S. Borrowers (the “U.S. Loan Account”) on which U.S. Borrowers will be charged with all U.S. Advances (including U.S. Protective Advances and U.S. Swing Loans) made by U.S. Agent, U.S. Swing Lender, or the
U.S. Lenders to U.S. Borrowers or for U.S. Borrowers’ account, the U.S. Letters of Credit issued or arranged by U.S. Issuing Lender for U.S. Borrowers’ account, and with all other payment U.S. Obligations hereunder or under the other Loan
Documents, including, accrued interest, fees and expenses, and Lender Group Expenses of the U.S. Lender Group. In accordance with Section 2.7, the U.S. Loan Account will be credited with all payments received by U.S. Agent from U.S.
Borrowers or for U.S. Borrowers’ account. U.S. Agent shall render monthly statements regarding the U.S. Loan Account to U.S. Borrowers, including principal, interest, fees, and including an itemization of all charges and expenses constituting
Lender Group Expenses of the U.S. Lender Group owing, and such statements, absent manifest error, shall be conclusively presumed to be correct and accurate and constitute an account stated between U.S. Borrowers and the U.S. Lender Group unless,
within 30 days after receipt thereof by U.S. Borrowers, U.S. Borrowers shall deliver to U.S. Agent written objection thereto describing the error or errors contained in any such statements. Canadian Agent shall maintain an account on its books in
the name of Canadian Borrowers (the “Canadian Loan Account”) on which Canadian Borrowers will be charged with all Canadian Advances (including Canadian Protective Advances and Canadian Swing Loans) made by Canadian Agent, Canadian
Swing Lender, or the Canadian Lenders to Canadian Borrowers or for Canadian Borrowers’ account, the Canadian Letters of Credit issued or arranged by Canadian Issuing Lender for Canadian Borrowers’ account, and with all other payment
Canadian Obligations hereunder or under the other Loan Documents, including, accrued interest, fees and expenses, and Lender Group Expenses of the Canadian Lender Group. In accordance with Section 2.7, the Canadian Loan Account will be
credited with all payments received by Canadian Agent from Canadian Borrowers or for Canadian Borrowers’ account. Canadian Agent shall render monthly statements regarding the Canadian Loan Account to Canadian Borrowers, including principal,
interest, fees, and including an itemization of all charges and expenses constituting Lender Group Expenses of the Canadian Lender Group owing, and such statements, absent manifest error, shall be conclusively presumed to be correct and accurate and
constitute an account stated between Canadian Borrowers and the Canadian Lender Group unless, within 30 days after receipt thereof by Canadian Borrowers, Canadian Borrowers shall deliver to Canadian Agent written objection thereto describing the
error or errors contained in any such statements. 
 2.10 Fees.  

(a) The applicable Borrower shall pay to the applicable Agent for the account of such Agent, as and when
due and payable under the terms of the Fee Letter, the fees set forth in the Fee Letter. 
 (b)
U.S. Borrowers shall pay to U.S. Agent for the ratable account of the U.S. Lenders, on the first day of each fiscal quarter from and after the Closing Date up to the first day of the fiscal quarter prior to the Payoff Date and on the Payoff Date, an
unused line fee in an 

  
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amount equal to 0.50% per annum times the result of (i) the aggregate amount of the Revolver Commitments of such U.S. Lenders less the Canadian Revolver Commitment, less (ii) the
average Daily Balance of the Revolver Usage during the immediately preceding fiscal quarter (or portion thereof). Canadian Borrowers shall pay to Canadian Agent for the ratable account of the Canadian Lenders, on the first day of each fiscal quarter
from and after the Closing Date up to the first day of the fiscal quarter prior to the Payoff Date and on the Payoff Date, an unused line fee in an amount equal to 0.50% per annum times the result of (i) the aggregate amount of the
Canadian Revolver Commitment of such Canadian Lenders, less (ii) the average Daily Balance of the Canadian Revolver Usage during the immediately preceding fiscal quarter (or portion thereof) plus the average Daily Balance of the U.S. Revolver
Usage in excess of $25,000,000. 
 (c) Borrowers shall pay to Agents audit, appraisal, and
valuation fees and charges, as and when incurred or chargeable, as follows (i) a fee of $1,000 per day, per auditor, plus out-of-pocket expenses for each financial audit of any Borrower performed by personnel employed by any Agent, (ii) if
implemented, a fee of $1,000 per day, per applicable individual, plus out of pocket expenses for the establishment of electronic collateral reporting systems, and (iii) the actual charges paid or incurred by any Agent if such Agent elects to
employ the services of one or more third Persons to perform financial audits of Parent or its Subsidiaries, to establish electronic collateral reporting systems, or to appraise the Collateral, or any portion thereof; provided, however,
that so long as no Event of Default shall have occurred and be continuing, Borrowers shall not be obligated to reimburse Agents for more than one field exam and one appraisal of the Data Library during any calendar year. 

2.11 U.S. Letters of Credit. 

(a) Subject to the terms and conditions of this Agreement, upon the request of a U.S. Borrower made in
accordance herewith, U.S. Issuing Lender agrees to issue, or to cause a U.S. Underlying Issuer (including, as U.S. Issuing Lender’s agent) to issue, a requested U.S. Letter of Credit. If U.S. Issuing Lender, at its option, elects to cause a
U.S. Underlying Issuer to issue a requested U.S. Letter of Credit, then U.S. Issuing Lender agrees that it will enter into arrangements relative to the reimbursement of such U.S. Underlying Issuer (which may include, among, other means, by becoming
an applicant with respect to such U.S. Letter of Credit or entering into undertakings which provide for reimbursements of such U.S. Underlying Issuer with respect to such U.S. Letter of Credit; each such obligation or undertaking, irrespective of
whether in writing, a “U.S. Reimbursement Undertaking”) with respect to U.S. Letters of Credit issued by such U.S. Underlying Issuer. By submitting a request to U.S. Issuing Lender for the issuance of a U.S. Letter of Credit, such
U.S. Borrower shall be deemed to have requested that U.S. Issuing Lender issue or that a U.S. Underlying Issuer issue the requested U.S. Letter of Credit and to have requested U.S. Issuing Lender to issue a U.S. Reimbursement Undertaking with
respect to such requested U.S. Letter of Credit if it is to be issued by a U.S. Underlying Issuer (it being expressly acknowledged and agreed by such U.S. Borrower that such U.S. Borrower is and shall be deemed to be an applicant (within the meaning
of Section 5-102(a)(2) of the Code) with respect to each U.S. Underlying Letter of Credit). Each request for the issuance of a U.S. Letter of Credit, or the amendment, renewal, or extension of any outstanding U.S. Letter of Credit, shall be
made in writing by an Authorized Person of a U.S. Borrower and delivered to U.S. Issuing Lender via hand delivery, telefacsimile, or other electronic method of transmission reasonably in advance of the requested date of issuance, amendment, renewal,
or 

  
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extension. Each such request shall be in form and substance reasonably satisfactory to U.S. Issuing Lender and shall specify (i) the amount of such U.S. Letter of Credit, (ii) the date
of issuance, amendment, renewal, or extension of such U.S. Letter of Credit (provided that, no U.S. Letter of Credit shall be issued, renewed or extended after the 30th day preceding the Maturity Date), (iii) the proposed expiration date of such U.S. Letter of Credit (provided that
no U.S. Letter of Credit shall be issued with an expiration date more than one year from the date of issuance; however any U.S. Letter of Credit may provide for renewal thereof for additional periods of up to 12 months and, at the request of the
applicable U.S. Borrower, automatic extension provisions; provided further, that no U.S. Letter of Credit shall have an expiration date past the Maturity Date), (iv) the name and address of the beneficiary of the U.S. Letter of Credit, and
(v) such other information (including, the conditions of drawing, and, in the case of an amendment, renewal, or extension, identification of the U.S. Letter of Credit to be so amended, renewed, or extended) as shall be necessary to prepare,
amend, renew, or extend such U.S. Letter of Credit. Anything contained herein to the contrary notwithstanding, the U.S. Issuing Lender may, but shall not be obligated to, issue or cause the issuance of a U.S. Letter of Credit or to issue a U.S.
Reimbursement Undertaking in respect of a U.S. Underlying Letter of Credit, in either case, that supports the obligations of Parent or its Subsidiaries (1) in respect of (A) a lease of real property, or (B) an employment contract, or
(2) at any time that one or more of the U.S. Lenders is a Defaulting Lender. U.S. Issuing Lender shall have no obligation to issue a U.S. Letter of Credit or a U.S. Reimbursement Undertaking in respect of a U.S. Underlying Letter of Credit, in
either case, if any of the following would result after giving effect to the requested issuance: 

(i) the Letter of Credit Usage would exceed $7,500,000, or 

(ii) the Letter of Credit Usage would exceed the Maximum Revolver Amount less the outstanding
amount of Advances (including Swing Loans). 
 Each U.S. Letter of Credit shall be in form and
substance reasonably acceptable to U.S. Issuing Lender, including the requirement that the amounts payable under any U.S. Letter of Credit must be payable in Dollars. If U.S. Issuing Lender makes a payment under a U.S. Letter of Credit or a U.S.
Underlying Issuer makes a payment under a U.S. Underlying Letter of Credit, the applicable U.S. Borrower shall pay to U.S. Agent an amount equal to the applicable Letter of Credit Disbursement on the date such Letter of Credit Disbursement is made
and, in the absence of such payment, the amount of the Letter of Credit Disbursement immediately and automatically shall be deemed to be a U.S. Advance hereunder and, initially, shall bear interest at the Base Rate plus the Base Rate Margin. If a
Letter of Credit Disbursement is deemed to be a U.S. Advance hereunder (notwithstanding any failure to satisfy any condition precedent set forth in Section 3), such U.S. Borrower’s obligation to pay the amount of such Letter of
Credit Disbursement to U.S. Issuing Lender shall be automatically converted into an obligation to pay the resulting U.S. Advance. Promptly following receipt by U.S. Agent of any payment from such U.S. Borrower pursuant to this paragraph, U.S. Agent
shall distribute such payment to U.S. Issuing Lender or, to the extent that U.S. Lenders have made payments pursuant to Section 2.11(b) to reimburse U.S. Issuing Lender, then to such U.S. Lenders and U.S. Issuing Lender as their
interests may appear. 

  
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 (b) Promptly following receipt of a notice of a Letter of
Credit Disbursement pursuant to Section 2.11(a), each U.S. Lender agrees to fund its Pro Rata Share of any U.S. Advance deemed made pursuant to Section 2.11(a) on the same terms and conditions as if the applicable U.S.
Borrower had requested the amount thereof as a U.S. Advance and U.S. Agent shall promptly pay to U.S. Issuing Lender the amounts so received by it from the U.S. Lenders. By the issuance of a U.S. Letter of Credit or a U.S. Reimbursement Undertaking
(or an amendment, renewal, or extension of a U.S. Letter of Credit or a U.S. Reimbursement Undertaking) and without any further action on the part of U.S. Issuing Lender or the U.S. Lenders, U.S. Issuing Lender shall be deemed to have granted to
each U.S. Lender, and each U.S. Lender shall be deemed to have purchased, a participation in each U.S. Letter of Credit issued by U.S. Issuing Lender and each U.S. Reimbursement Undertaking, in an amount equal to its Pro Rata Share of such U.S.
Letter of Credit or U.S. Reimbursement Undertaking, and each such Lender agrees to pay to U.S. Agent, for the account of U.S. Issuing Lender, such Lender’s Pro Rata Share of any U.S. Letter of Credit Disbursement made by U.S. Issuing Lender or
a U.S. Underlying Issuer under the applicable U.S. Letter of Credit. In consideration and in furtherance of the foregoing, each U.S. Lender hereby absolutely and unconditionally agrees to pay to U.S. Agent, for the account of U.S. Issuing Lender,
such U.S. Lender’s Pro Rata Share of each Letter of Credit Disbursement made by U.S. Issuing Lender or a U.S. Underlying Issuer and not reimbursed by such U.S. Borrower on the date due as provided in Section 2.11(a), or of any
reimbursement payment required to be refunded (or that U.S. Agent or U.S. Issuing Lender elects, based upon the advice of counsel, to refund) to such U.S. Borrower for any reason. Each U.S. Lender acknowledges and agrees that its obligation to
deliver to U.S. Agent, for the account of U.S. Issuing Lender, an amount equal to its respective Pro Rata Share of each Letter of Credit Disbursement pursuant to this Section 2.11(b) shall be absolute and unconditional and such
remittance shall be made notwithstanding the occurrence or continuation of an Event of Default or Default or the failure to satisfy any condition set forth in Section 3. If any such U.S. Lender fails to make available to U.S. Agent the
amount of such U.S. Lender’s Pro Rata Share of a Letter of Credit Disbursement as provided in this Section, such U.S. Lender shall be deemed to be a Defaulting Lender and U.S. Agent (for the account of U.S. Issuing Lender) shall be entitled to
recover such amount on demand from such U.S. Lender together with interest thereon at the Defaulting Lender Rate until paid in full. 
 (c) U.S. Borrowers hereby agree to indemnify, save, defend, and hold the U.S. Lender Group and each U.S. Underlying Issuer harmless from any damage, loss, cost, expense, or liability (other than Taxes,
which shall be governed by Section 16), and reasonable attorneys fees incurred by U.S. Issuing Lender, any other member of the U.S. Lender Group or any U.S. Underlying Issuer, arising out of or in connection with any U.S. Reimbursement
Undertaking or any U.S. Letter of Credit; provided, however, that U.S. Borrowers shall not be obligated hereunder to indemnify for any loss, cost, expense, or liability that a court of competent jurisdiction finally determines to have
resulted from the gross negligence or willful misconduct of U.S. Issuing Lender, any other member of the U.S. Lender Group, or any Underlying Issuer. Each U.S. Borrower agrees to be bound by any U.S. Underlying Issuer’s regulations and
interpretations of any U.S. Letter of Credit or by U.S. Issuing Lender’s interpretations of any U.S. Reimbursement Undertaking even though this interpretation may be different from such U.S. Borrower’s own, and such U.S. Borrower
understands and agrees that none of U.S. Issuing Lender, any other member of the U.S. Lender Group, or any U.S. Underlying Issuer shall be liable for any error, negligence, or mistake, whether of omission or commission, in following

  
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such U.S. Borrower’s instructions or those contained in the U.S. Letter of Credit or any modifications, amendments, or supplements thereto. Each U.S. Borrower understands that the U.S.
Reimbursement Undertakings may require U.S. Issuing Lender to indemnify a U.S. Underlying Issuer for certain costs or liabilities arising out of claims by such U.S. Borrower against such U.S. Underlying Issuer. Each U.S. Borrower hereby agrees to
indemnify, save, defend, and hold U.S. Issuing Lender and the other members of the U.S. Lender Group harmless with respect to any loss, cost, expense (including reasonable attorneys fees), or liability (other than Taxes, which shall be governed by
Section 16) incurred by them as a result of U.S. Issuing Lender’s indemnification of a U.S. Underlying Issuer; provided, however, that such U.S. Borrower shall not be obligated hereunder to indemnify for any such loss, cost,
expense, or liability to the extent that it is caused by the gross negligence or willful misconduct of U.S. Issuing Lender or any other member of the U.S. Lender Group. Each U.S. Borrower hereby acknowledges and agrees that none of U.S. Issuing
Lender, any other member of the U.S. Lender Group, or any U.S. Underlying Issuer shall be responsible for delays, errors, or omissions resulting from the malfunction of equipment in connection with any U.S. Letter of Credit. 

(d) The obligation of U.S. Borrowers to reimburse U.S. Issuing Lender for each drawing under each U.S.
Letter of Credit shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(i) any lack of validity or enforceability of such U.S. Letter of Credit, this Agreement, or another Loan
Document, 
 (ii) the existence of any claim, counterclaim, setoff, defense or other right that
Parent or any of its Subsidiaries may have at any time against any beneficiary or any transferee of such U.S. Letter of Credit (or any Person for whom any such beneficiary or any such transferee maybe acting), U.S. Issuing Lender or any other
Person, whether in connection with this Agreement, the transactions contemplated hereby or such U.S. Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction, 

(iii) any draft, demand, certificate or other document presented under such U.S. Letter of Credit proving
to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect, or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such
U.S. Letter of Credit, 
 (iv) any payment by U.S. Issuing Lender under such U.S. Letter of
Credit against presentation of a draft or certificate that does not substantially or strictly comply with the terms of such U.S. Letter of Credit (including, without limitation, any requirement that presentation be made at a particular place or by a
particular time of day), or any payment made by U.S. Issuing Lender under such U.S. Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other
representative of or successor to any beneficiary or any transferee of such U.S. Letter of Credit, 

  
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 (v) any other circumstance or happening whatsoever, whether
or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or discharge of, Parent or any of its Subsidiaries, or 

(vi) the fact that any Event of Default shall have occurred and be continuing. 

(e) Each U.S. Borrower hereby authorizes and directs any U.S. Underlying Issuer to deliver to U.S. Issuing
Lender all instruments, documents, and other writings and property received by such U.S. Underlying Issuer pursuant to such U.S. Underlying Letter of Credit and to accept and rely upon U.S. Issuing Lender’s instructions with respect to all
matters arising in connection with such U.S. Underlying Letter of Credit and the related application. 
 (f) Each U.S. Borrower acknowledges and agrees that any and all issuance charges, usage charges, commissions, fees, and costs incurred by U.S. Issuing Lender relating to U.S. Underlying Letters of Credit
shall be Lender Group Expenses of the U.S. Lender Group for purposes of this Agreement and shall be reimbursable immediately promptly, but in any event, within 1 Business Day by such U.S. Borrower to U.S. Agent for the account of U.S. Issuing
Lender; it being acknowledged and agreed by such U.S. Borrower that, as of the Closing Date, the usage charge imposed by U.S. Underlying Issuer is .825% per annum times the undrawn amount of each U.S. Underlying Letter of Credit, that such
usage charge may be changed from time to time, and that U.S. Underlying Issuer also imposes a schedule of charges for amendments, extensions, drawings, and renewals. 

(g) If by reason of (i) any change after the Closing Date in any applicable law, treaty, rule, or
regulation or any change in the interpretation or application thereof by any Governmental Authority, or (ii) compliance by U.S. Issuing Lender, any other member of the U.S. Lender Group, or U.S. Underlying Issuer with any direction, request, or
requirement (irrespective of whether having the force of law) of any Governmental Authority or monetary authority including, Regulation D of the Federal Reserve Board as from time to time in effect (and any successor thereto): 

(i) any reserve, deposit, or similar requirement is or shall be imposed or modified in respect of any U.S.
Letter of Credit issued or caused to be issued hereunder or hereby, or 
 (ii) there shall be
imposed on U.S. Issuing Lender, any other member of the U.S. Lender Group, or U.S. Underlying Issuer any other condition regarding any U.S. Letter of Credit or U.S. Reimbursement Undertaking, 

and the result of the foregoing is to increase, directly or indirectly, the cost to U.S. Issuing Lender, any other member of the U.S.
Lender Group, or a U.S. Underlying Issuer of issuing, making, participating in, or maintaining any U.S. Reimbursement Undertaking or U.S. Letter of Credit or to reduce the amount receivable in respect thereof, then, and in any such case, U.S. Agent
may, at any time within a reasonable period after the additional cost is incurred or the amount received is reduced, notify U.S. Borrowers, and U.S. Borrowers shall pay within 30 days after demand therefor, such amounts as U.S. Agent may specify to
be necessary to compensate U.S. Issuing Lender, any other member of the U.S. Lender Group, or a U.S. Underlying Issuer 

  
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for such additional cost or reduced receipt, together with interest on such amount from the date of such demand until payment in full thereof at the Base Rate plus the Base Rate Margin;
provided, however, that U.S. Borrowers shall not be required to provide any compensation pursuant to this Section 2.11(g) for any such amounts incurred more than 180 days prior to the date on which the demand for payment of
such amounts is first made to U.S. Borrowers; provided further, however, that if an event or circumstance giving rise to such amounts is retroactive, then the 180-day period referred to above shall be extended to include the
period of retroactive effect thereof. The determination by U.S. Agent of any amount due pursuant to this Section 2.11(g), as set forth in a certificate setting forth the calculation thereof in reasonable detail, shall, in the absence of
manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto. 
 2.12
Canadian Letters of Credit. 
 (a) Subject to the terms and
conditions of this Agreement, upon the request of a Canadian Borrower made in accordance herewith, Canadian Issuing Lender agrees to issue a requested Canadian Letter of Credit or to purchase participations or execute indemnities or reimbursement
obligations (each such undertaking, a “Canadian L/C Undertaking”) with respect to Canadian Letters of Credit issued by a Canadian Underlying Issuer (as of the Closing Date, the prospective Canadian Underlying Issuer is to be The
Toronto-Dominion Bank). By submitting a request to Canadian Issuing Lender for the issuance of a Canadian Letter of Credit, such Canadian Borrower shall be deemed to have requested that Canadian Issuing Lender or Canadian Underlying Issuer, as
applicable, issue the requested Canadian Letter of Credit. Each request for the issuance of a Canadian Letter of Credit or the amendment, renewal, or extension of any outstanding Canadian Letter of Credit, shall be made in writing by an Authorized
Person of a Canadian Borrower and delivered to the Canadian Issuing Lender and Canadian Agent via hand delivery, telefacsimile, or other electronic method of transmission reasonably in advance of the requested date of issuance, amendment, renewal,
or extension. Each such request shall be in form and substance reasonably satisfactory to Canadian Issuing Lender in its Permitted Discretion and shall specify (i) the amount of such Canadian Letter of Credit, (ii) the date of issuance,
amendment, renewal, or extension of such Canadian Letter of Credit (provided that, no Canadian Letter of Credit shall be issued, renewed or extended after the 30th day preceding the Maturity Date), (iii) the proposed expiration date of such Canadian Letter of Credit (provided
that no Canadian Letter of Credit shall be issued with an expiration date more than one year from the date of issuance; however any Canadian Letter of Credit may provide for renewal thereof for additional periods of up to 12 months and, at the
request of the applicable Canadian Borrower, automatic extension provisions; provided further, that no Canadian Letter of Credit shall have an expiration date past the Maturity Date), (iv) the name and address of the beneficiary thereof (or the
beneficiary of the Canadian Underlying Letter of Credit, as applicable) of the Canadian Letter of Credit, and (v) such other information (including, the conditions of drawing, and, in the case of an amendment, renewal, or extension,
identification of the Canadian Letter of Credit to be so amended, renewed, or extended) as shall be necessary to prepare, amend, renew, or extend such Canadian Letter of Credit. If requested by Canadian Issuing Lender, the applicable Canadian
Borrower also shall be applicants under the application with respect to any Canadian Underlying Letter of Credit that is to be the subject of a Canadian L/C Undertaking. Anything contained herein to the contrary notwithstanding, Canadian Issuing
Lender may, but shall not be obligated to, issue or cause the issuance of a Canadian Letter of Credit that supports the 

  
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obligations of Canadian Borrower or its Subsidiaries (1) in respect of (A) a lease of real property, or (B) an employment contract, or (2) at any time that one or more of the
Canadian Lenders is a Defaulting Lender. Canadian Issuing Lender shall have no obligation to issue a Canadian Letter of Credit if any of the following would result after giving effect to the requested issuance: 

(i) the Letter of Credit Usage would exceed $7,500,000, or 

(ii) the Canadian Letter of Credit Usage would exceed the Maximum Canadian Revolver Amount less the
outstanding amount of Canadian Advances (including Canadian Swing Loans), or 
 (iii) the Letter
of Credit Usage would exceed the Maximum Revolver Amount less the outstanding amount of Advances (including Swing Loans). 
 Each Canadian Letter of Credit (and corresponding Canadian Underlying Letter of Credit) shall be in form and substance reasonably acceptable to the Canadian Issuing Lender, including the requirement that
the amounts payable thereunder must be payable in Canadian Dollars. If Canadian Issuing Lender makes a payment under a Canadian Letter of Credit, the applicable Canadian Borrower shall pay to Canadian Agent an amount equal to the applicable Letter
of Credit Disbursement on the date that such Letter of Credit Disbursement is made and, in the absence of such payment, the amount of the Letter of Credit Disbursement immediately and automatically shall be deemed to be a Canadian Advance hereunder
and shall bear interest at the Canadian Base Rate plus the Base Rate Margin. If a Letter of Credit Disbursement is deemed to be a Canadian Advance hereunder (notwithstanding any failure to satisfy any condition precedent set forth in
Section 3), such Canadian Borrower’s obligation to pay the amount of such Letter of Credit Disbursement to Canadian Issuing Lender shall be automatically converted into an obligation to pay the resulting Canadian Advance. Promptly
following receipt by Canadian Agent of any payment from Canadian Borrowers pursuant to this paragraph, Canadian Agent shall distribute such payment to Canadian Issuing Lender or, to the extent that Canadian Lenders have made payments pursuant to
Section 2.12(b) to reimburse Canadian Issuing Lender, then to such Canadian Lenders and Canadian Issuing Lender as their interests may appear. 

(b) Promptly following receipt of a notice of Letter of Credit Disbursement pursuant to
Section 2.12(a), each Canadian Lender agrees to fund its Pro Rata Share of any Canadian Advance deemed made pursuant to the foregoing subsection on the same terms and conditions as if Canadian Borrower had requested the amount thereof as
a Canadian Advance and Canadian Agent shall promptly pay to Canadian Issuing Lender the amounts so received by it from the Canadian Lenders. By the issuance of a Canadian Letter of Credit (or an amendment, renewal or extension of a Canadian Letter
of Credit) and without any further action on the part of Canadian Issuing Lender or Canadian Lenders, Canadian Issuing Lender shall be deemed to have granted to Canadian Lender, and each Canadian Lender shall be deemed to have purchased, a
participation in each Canadian Letter of Credit, in an amount equal to its Pro Rata Share of such Canadian Letter of Credit, and each Canadian Lender agrees to pay to Canadian Agent, for the account of Canadian Issuing Lender, such Canadian
Lender’s Pro Rata Share of any Letter of Credit Disbursement made by Canadian Issuing Lender under such Canadian Letter of Credit. In consideration and in furtherance of the foregoing, each Canadian Lender hereby absolutely and

  
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unconditionally agrees to pay to Canadian Agent, for the account of Canadian Issuing Lender, such Canadian Lender’s Pro Rata Share of each Letter of Credit Disbursement made by Canadian
Issuing Lender and not reimbursed by Canadian Borrower on the date due as provided in Section 2.12(a), or of any reimbursement payment required to be refunded (or that Canadian Agent or Canadian Issuing Lender elects, based upon the
advice of counsel, to refund) to such Canadian Borrower for any reason. Each Canadian Lender acknowledges and agrees that its obligation to deliver to Canadian Agent, for the account of Canadian Issuing Lender, an amount equal to its respective Pro
Rata Share of each Letter of Credit Disbursement made by Canadian Issuing Lender pursuant to this Section 2.12(b) shall be absolute and unconditional and such remittance shall be made notwithstanding the occurrence or continuation of an
Event of Default or Default or the failure to satisfy any condition set forth in Section 3 hereof. If any Canadian Lender fails to make available to Canadian Agent the amount of Canadian Lender’s Pro Rata Share of a Letter of Credit
Disbursement as provided in this Section, such Canadian Lender shall be deemed to be a Defaulting Lender and Canadian Agent (for the account of Canadian Issuing Lender) shall be entitled to recover such amount on demand from such Canadian Lender
together with interest thereon at the Defaulting Lender Rate until paid in full. 
 (c) Canadian
Borrowers hereby agree to indemnify, save, defend, and hold the Canadian Lender Group harmless from any damage, loss, cost, expense, or liability (other than Taxes, which shall be governed by Section 16), and reasonable attorneys fees
incurred by Canadian Issuing Lender, any other member of the Canadian Lender Group, arising out of or in connection with any Canadian Letter of Credit; provided, however, that no Canadian Borrower shall be obligated hereunder to indemnify for
any loss, cost, expense, or liability to the extent that it is caused by the gross negligence, willful misconduct or bad faith of Canadian Issuing Lender or any other member of the Canadian Lender Group (or such Person’s Affiliates, officers,
directors, employees or agents). Each Canadian Borrower agrees to be bound by Canadian Underlying Issuer’s regulations and interpretations of any Canadian Underlying Letter of Credit or by Canadian Issuing Lender’s interpretations of any
Canadian Letter of Credit issued by Canadian Issuing Lender to or for any Canadian Borrower’s account, even though this interpretation may be different from such Canadian Borrower’s own, and such Canadian Borrower understands and agrees
that the Canadian Lender Group shall not be liable for any error, negligence, or mistake, whether of omission or commission, in following such Canadian Borrower’s instructions or those contained in the Canadian Letter of Credit or any
modifications, amendments, or supplements thereto. Each Canadian Borrower understands that the Canadian L/C Undertakings may require Canadian Issuing Lender to indemnify Canadian Underlying Issuer for certain costs or liabilities arising out of
claims by such Canadian Borrower against such Canadian Underlying Issuer. Each Canadian Borrower hereby agrees to indemnify, save, defend, and hold the Canadian Lender Group harmless with respect to any loss, cost, expense (including reasonable
attorneys fees), or liability incurred by the Canadian Lender Group under any Canadian L/C Undertaking as a result of the Canadian Lender Group’s indemnification of any Canadian Underlying Issuer; provided, however, that no Canadian
Borrower shall be obligated hereunder to indemnify for any loss, cost, expense, or liability to the extent that it is caused by the gross negligence, willful misconduct or bad faith of Canadian Issuing Lender or any other member of the Canadian
Lender Group (or such Person’s affiliates, officers, directors, employees or agents). Each Canadian Borrower hereby acknowledges and agrees that neither the Canadian Lender Group nor Canadian Issuing Lender shall be responsible for delays,
errors, or 

  
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omissions resulting from the malfunction of equipment in connection with any Canadian Letter of Credit. 

(d) Each Canadian Borrower hereby authorizes and directs any Canadian Underlying Issuer to deliver to
Canadian Issuing Lender all instruments, documents, and other writings and property received by such Canadian Underlying Issuer pursuant to such Canadian Underlying Letter of Credit and to accept and rely upon the Canadian Issuing Lender’s
instructions with respect to all matters arising in connection with such Canadian Underlying Letter of Credit and the related application. 
 (e) Any and all issuance charges, commissions, fees, and costs incurred by Canadian Issuing Lender relating to Canadian Underlying Letters of Credit shall be Lender Group Expenses of the Canadian Lender
Group for purposes of this Agreement and promptly shall be reimbursable by Canadian Borrowers to Canadian Agent for the account of Canadian Issuing Lender; it being acknowledged and agreed by Canadian Borrowers that, as of the Closing Date, the
issuance charge imposed by the prospective Canadian Underlying Issuer is 0.825% per annum times the face amount of each Canadian Underlying Letter of Credit, that such issuance charge may be changed from time to time, and that the Canadian
Underlying Issuer also imposes a schedule of charges for amendments, extensions, drawings, and renewals. 
 (f) The obligation of Canadian Borrowers to reimburse Canadian Issuing Lender for each drawing under each Canadian Letter of Credit shall be absolute, unconditional and irrevocable, and shall be paid
strictly in accordance with the terms of this Agreement under all circumstances, including the following: 
 (i) any lack of validity or enforceability of such Canadian Letter of Credit, this Agreement, or another Loan Document, 

(ii) the existence of any claim, counterclaim, setoff, defense or other right that Parent or any of its
Subsidiaries may have at any time against any beneficiary or any transferee of such Canadian Letter of Credit (or any Person for whom any such beneficiary or any such transferee maybe acting), Canadian Issuing Lender or any other Person, whether in
connection with this Agreement, the transactions contemplated hereby or such Canadian Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction, 

(iii) any draft, demand, certificate or other document presented under such Canadian Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect, or any loss or delay in the transmission or otherwise of any document required in order to make a drawing
under such Canadian Letter of Credit, 
 (iv) any payment by Canadian Issuing Lender under such
Canadian Letter of Credit against presentation of a draft or certificate that does not substantially or strictly comply with the terms of such Canadian Letter of Credit (including, without limitation, any requirement that presentation be made at a
particular place or by a particular time of day), or any payment made by Canadian Issuing Lender under such Canadian Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of

  
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creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Canadian Letter of Credit, 

(v) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing,
including any other circumstance that might otherwise constitute a defense available to, or discharge of, Parent or any of its Subsidiaries, or 
 (vi) the fact that any Event of Default shall have occurred and be continuing. 
 (g) If by reason of (i) any change after the Closing Date in any applicable law, treaty, rule, or regulation or any change in the interpretation or application thereof by any Governmental Authority,
or (ii) compliance by Canadian Underlying Issuer, Canadian Issuing Lender, any other member of the Canadian Lender Group, with any direction, request, or requirement (irrespective of whether having the force of law) of any Governmental
Authority or monetary authority: 
 (i) any reserve, deposit, or similar requirement is or shall
be imposed or modified in respect of any Canadian Letter of Credit issued or caused to be issued hereunder or hereby, or 
 (ii) there shall be imposed on Canadian Issuing Lender, any Canadian Underlying Issuer, any other member of the Canadian Lender Group, any other condition regarding any Canadian Underlying Letter of
Credit or any Canadian Letter of Credit, 
 and the result of the foregoing is to increase, directly or indirectly, the cost to
Canadian Issuing Lender, any other member of the Canadian Lender Group, of issuing, making, participating in, or maintaining any Canadian Letter of Credit or to reduce the amount receivable in respect thereof, then, and in any such case, Canadian
Agent may, at any time within a reasonable period after the additional cost is incurred or the amount received is reduced, notify Canadian Borrowers, and Canadian Borrowers shall pay within 30 days after demand therefor, such amounts as Canadian
Agent may specify to be necessary to compensate Canadian Issuing Lender, any other member of the Canadian Lender Group, for such additional cost or reduced receipt, together with interest on such amount from the date of such demand until payment in
full thereof at the Canadian Base Rate plus the Base Rate Margin; provided, however, that Canadian Borrowers shall not be required to provide any compensation pursuant to this Section 2.12(g) for any such amounts incurred
more than 180 days prior to the date on which the demand for payment of such amounts is first made to Canadian Borrowers; provided further, however, that if an event or circumstance giving rise to such amounts is retroactive,
then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. The determination by Canadian Agent of any amount due pursuant to this Section 2.12(g), as set forth in a certificate
setting forth the calculation thereof in reasonable detail, shall, in the absence of manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto. 

2.13 LIBOR Provisions. 

(a) Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon
the Base Rate, U.S. Borrowers shall have the option, subject to Section 

  
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2.13(b) below (the “LIBOR Option”) to have interest on all or a portion of the U.S. Advances be charged (whether at the time when made (unless otherwise provided herein),
upon conversion from a Base Rate Loan to a LIBOR Rate Loan, or upon continuation of a LIBOR Rate Loan as a LIBOR Rate Loan) at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of
(i) the last day of the Interest Period applicable thereto, (ii) the date on which all or any portion of the U.S. Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated
pursuant to the terms hereof. On the last day of each applicable Interest Period, unless such U.S. Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall
convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, U.S. Borrowers no longer shall have the option to request that U.S. Advances bear
interest at a rate based upon the LIBOR Rate and U.S. Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the Base Rate plus the Base Rate Margin. 

(b) LIBOR Election. 

(i) U.S. Borrowers may, at any time and from time to time, so long as no Event of Default has occurred and
is continuing, elect to exercise the LIBOR Option by notifying U.S. Agent prior to 2:00 p.m. (Eastern Standard time) at least 3 Business Days prior to the commencement of the proposed Interest Period (the “LIBOR Deadline”). Notice
of U.S. Borrowers’ election of the LIBOR Option for a permitted portion of the U.S. Advances and an Interest Period pursuant to this Section shall be made by delivery to U.S. Agent of a LIBOR Notice received by U.S. Agent before the LIBOR
Deadline, or by telephonic notice received by U.S. Agent before the LIBOR Deadline (to be confirmed by delivery to U.S. Agent of a LIBOR Notice received by U.S. Agent prior to 5:00 p.m. (Eastern Standard time) on the same day). Promptly upon its
receipt of each such LIBOR Notice, U.S. Agent shall provide a copy thereof to each of the affected U.S. Lenders. 
 (ii) Each LIBOR Notice shall be irrevocable and binding on the applicable U.S. Borrower. In connection with each LIBOR Rate Loan, U.S. Borrowers shall indemnify, defend, and hold U.S. Agent and the U.S.
Lenders harmless against any loss, cost, or expense actually incurred by U.S. Agent or any U.S. Lender as a result of (A) the payment of any principal of any LIBOR Rate Loan other than on the last day of an Interest Period applicable thereto
(including as a result of an Event of Default, any automatic prepayment through the required application by U.S. Agent of proceeds of Parent’s and its Subsidiaries’ Collections in accordance with Section 2.4(b) or for any other
reason, including early termination of the term of this Agreement or acceleration of all or any portion of the U.S. Obligations pursuant to the terms hereof), (B) the conversion of any LIBOR Rate Loan other than on the last day of the Interest
Period applicable thereto, or (C) the failure to borrow, convert, continue or prepay any LIBOR Rate Loan on the date specified in any LIBOR Notice delivered pursuant hereto (such losses, costs, or expenses, “Funding Losses”). A
certificate of U.S. Agent or a U.S. Lender delivered to U.S. Borrowers setting forth in reasonable detail any amount or amounts that U.S. Agent or such U.S. Lender is entitled to receive pursuant to this Section 2.13 shall be conclusive
absent manifest error. U.S. Borrowers shall pay such amount to U.S. Agent or the U.S. Lender, as applicable, within 30 days of the date of its receipt of such certificate. If a payment of a LIBOR Rate Loan on a day other than the last day of the
applicable Interest Period would result in a 

  
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Funding Loss, U.S. Agent may, in its sole discretion at the request of the applicable U.S. Borrower, hold the amount of such payment as cash collateral in support of the U.S. Obligations until
the last day of such Interest Period and apply such amounts to the payment of the applicable LIBOR Rate Loan on such last day, it being agreed that U.S. Agent has no obligation to so defer the application of payments to any LIBOR Rate Loan and that,
in the event that U.S. Agent does not defer such application, such U.S. Borrower shall be obligated to pay any resulting Funding Losses. 
 (iii) U.S. Borrowers shall have not more than 5 LIBOR Rate Loans in effect at any given time. LIBOR Rate Loans must be in minimum increments of at least $500,000 and integral multiples of $500,000
in excess thereof. 
 (c) Conversion. U.S. Borrowers may convert LIBOR Rate Loans to Base
Rate Loans at any time; provided, however, that in the event that LIBOR Rate Loans are converted or prepaid on any date that is not the last day of the Interest Period applicable thereto, including as a result of any automatic
prepayment through the required application by U.S. Agent of proceeds of U.S. Borrowers’ and their Subsidiaries’ Collections in accordance with Section 2.4(b) or for any other reason, including early termination of the term of
this Agreement or acceleration of all or any portion of the U.S. Obligations pursuant to the terms hereof, U.S. Borrowers shall indemnify, defend, and hold U.S. Agent and the U.S. Lenders and their Participants harmless against any and all Funding
Losses in accordance with Section 2.13 (b)(ii). 
 (d) Special Provisions
Applicable to LIBOR Rate. 
 (i) The LIBOR Rate may be adjusted by U.S. Agent with respect to
any U.S. Lender on a prospective basis to take into account any additional or increased costs to such U.S. Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to changes in applicable law (other than
changes in laws relative to Taxes, which shall be governed by Section 16) occurring subsequent to the commencement of the then applicable Interest Period, including changes in the reserve requirements imposed by the Board of Governors of
the Federal Reserve System (or any successor), which additional or increased costs would increase the cost of funding or maintaining loans bearing interest at the LIBOR Rate. In any such event, the affected U.S. Lender shall give U.S. Borrowers and
U.S. Agent notice of such a determination and adjustment and U.S. Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected U.S. Lender, U.S. Borrowers may, by notice to such affected U.S.
Lender (y) require such U.S. Lender to furnish to U.S. Borrowers a statement setting forth the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or (z) repay the LIBOR Rate Loans with respect
to which such adjustment is made (together with any amounts due under Section 2.13(b)). 
 (ii) In the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the interpretation or application thereof, shall at any time after the date
hereof, in the reasonable opinion of any U.S. Lender, make it unlawful or impractical for such U.S. Lender to fund or maintain LIBOR Rate Loans or to continue such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate,
such U.S. Lender shall give notice of such changed circumstances to U.S. Agent and U.S. Borrowers (which notice shall be withdrawn whenever such circumstanced no longer exist) and 

  
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U.S. Agent promptly shall transmit the notice to each other U.S. Lender and (y) in the case of any LIBOR Rate Loans of such U.S. Lender that are outstanding, the date specified in such U.S.
Lender’s notice shall be deemed to be the last day of the Interest Period of such LIBOR Rate Loans, and interest upon the LIBOR Rate Loans of such U.S. Lender thereafter shall accrue interest at the Base Rate plus the Base Rate Margin, and
(z) U.S. Borrowers shall not be entitled to elect the LIBOR Option until such U.S. Lender determines that it would no longer be unlawful or impractical to do so. 

(iii) Notwithstanding anything to the contrary herein, it is understood and agreed that the Dodd-Frank
Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173), all requests, rules, guidelines and directives relating thereto, all interpretations and applications thereof and any compliance by a U.S. Lender with any request or
directive relating thereto, shall, for the purposes of this Agreement, be deemed to be adopted subsequent to the date hereof. 
 (e) No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither U.S. Agent, nor any U.S. Lender, nor any of their Participants, is required actually to
acquire eurodollar deposits to fund or otherwise match fund any U.S. Obligation as to which interest accrues at the LIBOR Rate. 
 2.14 Capital Requirements. 
 (a) If,
after the date hereof, any Lender determines that (i) the adoption of or change in any law, rule, regulation or guideline regarding capital or reserve requirements for banks or bank holding companies, or any change in the interpretation,
implementation, or application thereof by any Governmental Authority charged with the administration thereof, or (ii) compliance by such Lender or its parent bank holding company with any guideline, request or directive of any such entity
regarding capital adequacy (whether or not having the force of law), has the effect of reducing the return on such Lender’s or such holding company’s capital as a consequence of such Lender’s Commitments 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 then existing policies with respect to capital adequacy and
assuming the full utilization of such entity’s capital) by any amount deemed by such Lender to be material, then such Lender may notify the applicable Borrowers and applicable Agent thereof. Following receipt of such notice, the applicable
Borrowers agree to pay such Lender on demand the amount of such reduction of return of capital as and when such reduction is determined, payable within 30 days after presentation by such Lender of a statement in the amount and setting forth in
reasonable detail such Lender’s calculation thereof and the assumptions upon which such calculation was based (which statement shall be deemed true and correct absent manifest error). In determining such amount, such Lender may use any
reasonable averaging and attribution methods. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that
Borrowers shall not be required to compensate a Lender pursuant to this Section for any reductions in return incurred more than 180 days prior to the date that such Lender notifies Borrowers of such law, rule, regulation or guideline giving rise to
such reductions and of such Lender’s intention to claim compensation therefor; provided further that if such claim arises by 

  
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reason of the adoption of or change in any law, rule, regulation or guideline that is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive
effect thereof. 
 (b) If any Lender requests additional or increased costs referred to in
Section 2.13(d)(i) or amounts under Section 2.14(a) or sends a notice under Section 2.13(d)(ii) relative to changed circumstances (any such Lender, an “Affected Lender”), then such Affected Lender
shall use reasonable efforts to promptly designate a different one of its lending offices or to assign its rights and obligations hereunder to another of its offices or branches, if (i) in the reasonable judgment of such Affected Lender, such
designation or assignment would eliminate or reduce amounts payable pursuant to Section 2.13(d)(i) or Section 2.14(a), as applicable, or would eliminate the illegality or impracticality of funding or maintaining LIBOR Rate
Loans and (ii) in the reasonable judgment of such Affected Lender, such designation or assignment would not subject it to any material unreimbursed cost or expense and would not otherwise be materially disadvantageous to it. Borrowers agree to
pay all reasonable out-of-pocket costs and expenses incurred by such Affected Lender in connection with any such designation or assignment. If, after such reasonable efforts, such Affected Lender does not so designate a different one of its lending
offices or assign its rights to another of its offices or branches so as to eliminate Borrowers’ obligation to pay any future amounts to such Affected Lender pursuant to Section 2.13(d)(i) or Section 2.14(a), as
applicable, then Borrowers (without prejudice to any amounts then due to such Affected Lender under Section 2.13(d)(i) or Section 2.14(a), as applicable) may, unless prior to the effective date of any such assignment the
Affected Lender withdraws its request for such additional amounts under Section 2.13(d)(i) or Section 2.14(a), as applicable, or indicates that it is no longer unlawful or impractical to fund or maintain LIBOR Rate Loans, may
seek a substitute Lender reasonably acceptable to Agent to purchase the Obligations owed to such Affected Lender and such Affected Lender’s Commitments hereunder (a “Replacement Lender”), and if such Replacement Lender agrees
to such purchase, such Affected Lender shall assign to the Replacement Lender its Obligations and Commitments, pursuant to an Assignment and Acceptance Agreement, and upon such purchase by the Replacement Lender, such Replacement Lender shall be
deemed to be a “Lender” for purposes of this Agreement and such Affected Lender shall cease to be a “Lender” for purposes of this Agreement. 

2.15 Incremental Revolver Commitments.  

(a) U.S. Borrowers shall have the right, after the Closing Date and at any time prior to December 31,
2013, to request from time to time (by written notice to U.S. Agent, who shall send a copy of such notice to each U.S. Lender) that one or more U.S. Lenders (and/or one or more other Persons, reasonably acceptable to U.S. Agent, U.S. Issuing Lender
and U.S. Swing Lender, which will become U.S. Lenders as provided below) provide Incremental Revolver Commitments and, subject to the terms and conditions contained in this Agreement, make U.S. Advances pursuant thereto, so long as (x) no
Default or Event of Default then exists or would result therefrom, (y) U.S. Borrowers shall have demonstrated to U.S. Agent’s reasonable satisfaction that the full amount of the respective Incremental Revolver Commitments may be incurred
without violating the terms the High Yield Notes and (z) U.S. Borrowers obtain consent of the Required Lenders; it being understood and agreed, however, that (i) no U.S. Lender shall be obligated to provide an Incremental Revolving
Commitment as a result of any such request by 

  
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U.S. Borrowers, and until such time, if any, as such U.S. Lender has agreed in its sole discretion to provide an Incremental Revolving Commitment and executed and delivered to U.S. Agent an
Incremental Revolving Commitment Agreement as provided in clause (b) of this Section 2.15, such U.S. Lender shall not be obligated to fund any U.S. Advances in excess of its Revolver Commitment as in effect prior to giving effect to
such Incremental Revolver Commitment incurred pursuant to this Section 2.15, (ii) any U.S. Lender (or any other Person, reasonably acceptable to U.S. Agent, U.S. Issuing Lender and U.S. Swing Lender, which will qualify as an
Eligible Transferee) may so provide an Incremental Revolver Commitment without the consent of any other U.S. Lender, (iii) each incurrence of Incremental Revolver Commitments on a given Incremental Revolver Commitment Date pursuant to this
Section 2.15 shall be in a minimum aggregate amount (for all U.S. Lenders (including any Eligible Transferee who will become a U.S. Lender)) of at least $5,000,000 and in integral multiples of $2,500,000 in excess thereof, (iv) the
aggregate amount of Incremental Revolver Commitments to be incurred at any time shall not exceed $15,000,000, (v) the Incremental Revolver Commitment of any Incremental Revolver U.S. Lender, and the related outstandings, shall be a Revolver
Commitment (or related outstandings, as the case may be) with the same terms as the original Revolver Commitments (and related outstandings), (vi) all U.S. Advances subsequently incurred pursuant to such Incremental Revolver Commitment (and all
interest, fees and other amounts payable thereon) shall constitute U.S. Obligations under this Agreement and the other applicable Loan Documents and shall be secured by the Security Documents, and guaranteed under the U.S. Guarantees, on a pari
passu basis with all other U.S. Obligations secured by the Security Documents and guaranteed under the U.S. Guarantees, (vii) the aggregate amount of requests by U.S. Borrowers to obtain Incremental Revolver Commitments pursuant to this
Section 2.15 shall not exceed 2, and (viii) all actions taken by U.S. Borrowers pursuant to this Section 2.15 shall be done in coordination with U.S. Agent. 

(b) In connection with any provision of Incremental Revolver Commitments pursuant to this
Section 2.15, (i) U.S. Borrowers, U.S. Agent and each such U.S. Lender or other Eligible Transferee reasonably acceptable to U.S. Agent, U.S. Issuing Lender and U.S. Swing Lender (each, an “Incremental Revolver
Lender”) which agrees to provide an Incremental Revolver Commitment shall execute and deliver to U.S. Agent an Incremental Revolver Commitment Agreement in form and substance that is reasonably acceptable to U.S. Agent (appropriately
completed) (each, an “Incremental Revolver Commitment Agreement”), with the effectiveness of such Incremental Revolver Lender’s Incremental Revolver Commitment to occur upon delivery of such Incremental Revolver Commitment
Agreement to U.S. Agent, the payment of any fees required in connection therewith (including, without limitation, any agreed upon up-front or arrangement fees) and the satisfaction of the other terms and conditions described in this
Section 2.15 and in the respective Incremental Revolver Commitment Agreement, and (ii) U.S. Borrowers shall, in each case to the extent required by U.S. Agent, deliver to U.S. Agent (y) an opinion or opinions, in form and
substance reasonably satisfactory to U.S. Agent, from counsel to U.S. Borrowers reasonably satisfactory to U.S. Agent and dated the applicable Incremental Revolver Commitment Date of the respective Incremental Revolver Commitment Agreement, covering
such matters relating to the provision of the Incremental Revolver Commitments as may be reasonably requested by U.S. Agent and (z) such other officers’ certificates, resolutions and evidence of good standing as U.S. Agent shall reasonably
request. U.S. Agent shall promptly notify each U.S. Lender as to the effectiveness of each Incremental Revolver Commitment Agreement, and at such time (A) the U.S. Maximum 

  
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Revolver Amount under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Incremental Revolver Commitments and (B) Schedule C-1 shall be deemed
modified to reflect the revised Revolver Commitments of the affected U.S. Lenders. 
 (c) At the
time of any provision of Incremental Revolver Commitments pursuant to this Section 2.15, U.S. Borrowers shall, in coordination with U.S. Agent, repay outstanding U.S. Advances of certain of the U.S. Lenders, and incur additional U.S.
Advances from certain other U.S. Lenders (including the Incremental Revolver Lenders), in each case to the extent necessary so that all of the U.S. Lenders participate in each outstanding U.S. Advance pro rata on the basis of their respective
Revolver Commitments (after giving effect to any increase in the U.S. Maximum Revolver Amount pursuant to this Section 2.15) and with U.S. Borrowers being obligated to pay to the respective U.S. Lenders any costs of the type referred to
in Section 2.13 in connection with any such repayment and/or U.S. Advances. 
 2.16 Joint and
Several Liability. 
 (a) Joint and Several Liability of U.S. Borrowers.

 (i) Each U.S. Borrower is accepting joint and several liability hereunder and under the other
Loan Documents in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each U.S. Borrower and in consideration of the undertakings of the other
U.S. Borrowers to accept joint and several liability for the U.S. Obligations. 
 (ii) Each U.S.
Borrower, 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 U.S. Borrowers, with respect to the payment and performance of all of the
U.S. Obligations (including, without limitation, any U.S. Obligations arising under this Section 2.16(a)), it being the intention of the parties hereto that all the U.S. Obligations shall be the joint and several obligations of each U.S.
Borrower without preferences or distinction among them. 
 (iii) If and to the extent that any
U.S. Borrower shall fail to make any payment with respect to any of the U.S. Obligations as and when due or to perform any of the U.S. Obligations in accordance with the terms thereof, then in each such event the other U.S. Borrowers will make such
payment with respect to, or perform, such U.S. Obligation. 
 (iv) The U.S. Obligations of each
U.S. Borrower under the provisions of this Section 2.16(a) constitute the absolute and unconditional, full recourse U.S. Obligations of each U.S. Borrower enforceable against each U.S. Borrower to the full extent of its properties and
assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstances whatsoever. 
 (v) Except as otherwise expressly provided in this Agreement, each U.S. Borrower hereby waives, to the fullest extent permitted by applicable law, notice of acceptance of its joint and several liability,
notice of any Advances or Letters of Credit issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time taken or
omitted by Agents or Lenders under or in respect of any of the Obligations, any requirement 

  
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of diligence or to mitigate damages and, generally, to the fullest extent permitted by applicable law, all demands, notices and other formalities of every kind in connection with this Agreement
(except as otherwise provided in this Agreement). Each U.S. Borrower hereby assents to, and waives, to the extent permitted by law, notice of, any extension or postponement of the time for the payment of any of the Obligations, the acceptance of any
payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by Agents or Lenders at any time or times in respect of any default by any Borrower in the performance or
satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by Agents or Lenders in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in part,
at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each U.S. Borrower assents to any other action or
delay in acting or failure to act on the part of any Agent or any Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without limitation, any failure strictly or diligently to assert any
right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.16(a) afford grounds for terminating, discharging or relieving any Borrower, in whole
or in part, from any of its Obligations under this Section 2.16(a), it being the intention of each U.S. Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the U.S. Obligations of each U.S. Borrower under this
Section 2.16(a) shall not be discharged except by performance or payment and then only to the extent of such performance or payment. The U.S. Obligations of each U.S. Borrower under this Section 2.16(a) shall not be
diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower or any Agent or any Lender. 

(vi) Each U.S. Borrower represents and warrants to Agents and Lenders that such Borrower is currently
informed of the financial condition of Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each U.S. Borrower further represents and warrants to Agents and
Lenders that such Borrower has read and understands the terms and conditions of the Loan Documents. Each U.S. Borrower hereby covenants that such Borrower will continue to keep informed of Borrowers’ financial condition, the financial condition
of other guarantors, if any, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations. 
 (vii) The provisions of this Section 2.16(a) are made for the benefit of Agents, Lenders and their respective successors and assigns, and may be enforced by them from time to time against any
or all U.S. Borrowers as often as occasion therefor may arise and without requirement on the part of such Agent, such Lender, successor or assign first to marshal any of its or their claims or to exercise any of its or their rights against any
Borrower or to exhaust any remedies available to it or them against any 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 2.16(a) shall remain in effect until all of the Obligations 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 any Agent or any Lender upon the insolvency, bankruptcy or reorganization of any 

  
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Borrower, or otherwise, the provisions of this Section 2.16(a) will forthwith be reinstated in effect, as though such payment had not been made. 

(viii) Each U.S. Borrower hereby agrees that it will not enforce any of its rights of contribution or
subrogation against any other Borrower with respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to Agents or Lenders with respect to any of the Obligations or any collateral security
therefor until such time as all of the Obligations have been paid in full. Any claim which any U.S. Borrower may have against any other Borrower with respect to any payments to any Agent or any Lender hereunder or under any other Loan Documents are
hereby expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency,
bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full
before any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. 

(b) Joint and Several Liability of Canadian Borrowers. 

(i) Each Canadian Borrower is accepting joint and several liability hereunder and under the other Loan
Documents in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Canadian Borrower and in consideration of the undertakings of the other
Canadian Borrowers to accept joint and several liability for the Canadian Obligations. 
 (ii)
Each Canadian Borrower, 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 Canadian Borrowers, with respect to the payment and performance
of all of the Canadian Obligations (including, without limitation, any Canadian Obligations arising under this Section 2.16(b)), it being the intention of the parties hereto that all the Canadian Obligations shall be the joint and
several obligations of each Canadian Borrower without preferences or distinction among them. 

(iii) If and to the extent that any Canadian Borrower shall fail to make any payment with respect to any
of the Canadian Obligations as and when due or to perform any of the Canadian Obligations in accordance with the terms thereof, then in each such event the other Canadian Borrowers will make such payment with respect to, or perform, such Canadian
Obligation. 
 (iv) The Canadian Obligations of each Canadian Borrower under the provisions of
this Section 2.16(b) constitute the absolute and unconditional, full recourse Canadian Obligations of each Canadian Borrower enforceable against each Canadian Borrower to the full extent of its properties and assets, irrespective of the
validity, regularity or enforceability of this Agreement or any other circumstances whatsoever. 

  
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 (v) Except as otherwise expressly provided in this
Agreement, each Canadian Borrower hereby waives, to the fullest extent permitted by applicable law, notice of acceptance of its joint and several liability, notice of any Advances or Letters of Credit issued under or pursuant to this Agreement,
notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time taken or omitted by Agents or Lenders under or in respect of any of the Obligations, any requirement
of diligence or to mitigate damages and, generally, to the fullest extent permitted by applicable law, all demands, notices and other formalities of every kind in connection with this Agreement (except as otherwise provided in this Agreement). Each
Canadian Borrower hereby assents to, and waives, to the extent permitted by law, notice of, any extension or postponement of the time for the payment of any of the Obligations, the acceptance of any payment of any of the Obligations, the acceptance
of any partial payment thereon, any waiver, consent or other action or acquiescence by Agents or Lenders at any time or times in respect of any default by any Borrower in the performance or satisfaction of any term, covenant, condition or provision
of this Agreement, any and all other indulgences whatsoever by Agents or Lenders in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any of the
Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Canadian Borrower assents to any other action or delay in acting or failure to act on the part of any
Agent or any Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with
applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.16(b) afford grounds for terminating, discharging or relieving any Borrower, in whole or in part, from any of its Obligations under this
Section 2.16(b), it being the intention of each Canadian Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the Canadian Obligations of each Canadian Borrower under this Section 2.16(b) shall not
be discharged except by performance or payment and then only to the extent of such performance or payment. The Canadian Obligations of each Canadian Borrower under this Section 2.16(b) shall not be diminished or rendered unenforceable by
any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower or any Agent or any Lender. 

(vi) Each Canadian Borrower represents and warrants to Agents and Lenders that such Borrower is currently
informed of the financial condition of Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Canadian Borrower further represents and warrants to Agents and
Lenders that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Canadian Borrower hereby covenants that such Borrower will continue to keep informed of Borrowers’ financial condition, the financial
condition of other guarantors, if any, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations. 

(vii) The provisions of this Section 2.16(b) are made for the benefit of Agents, Lenders and
their respective successors and assigns, and may be enforced by them from time to time against any or all Canadian Borrowers as often as occasion therefor may arise and without requirement on the part of such Agent, such Lender, successor or assign
first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to 

  
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exhaust any remedies available to it or them against any 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 2.16(b) shall remain in effect until all of the Obligations 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 any Agent or any Lender upon the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 2.16(b) will forthwith be
reinstated in effect, as though such payment had not been made. 
 (viii) Each Canadian Borrower
hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to Agents or
Lenders with respect to any of the Obligations or any collateral security therefor until such time as all of the Obligations have been paid in full. Any claim which any Canadian Borrower may have against any other Borrower with respect to any
payments to any Agent or any Lender hereunder or under any other Loan Documents are hereby expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the
prior payment in full in cash of the Obligations and, in the event of any insolvency, bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its
assets, whether voluntary or involuntary, all such Obligations shall be paid in full before any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. 

(c) Separate U.S. and Canadian Obligation. Notwithstanding anything to the contrary in this
Agreement or any other Loan Document, Canadian Borrowers shall not be liable for the Obligations of the U.S. Borrowers or any Domestic Subsidiary which is a Loan Party and U.S. Borrowers shall not be liable for the Obligations of the Canadian
Borrowers or any Canadian Subsidiary which is a Loan Party. 
 2.17 Interest Act (Canada); Criminal Rate
of Interest; Nominal Rate of Interest.  
 (a) For purposes of the Interest Act (Canada)
and disclosure thereunder, whenever interest payable by any Canadian Borrower is calculated on the basis of a period which is less than the actual number of days in a calendar year, each rate of interest determined pursuant to such calculation is,
for the purposes of the Interest Act (Canada), equivalent to such rate multiplied by the actual number of days in the calendar year in which such rate is to be ascertained and divided by the number of days used as the basis of such calculation.

 (b) If any provision of this Agreement would oblige a Canadian Credit Party to make any
payment of interest or other amount payable to the Agents in an amount or calculated at a rate which would be prohibited by law or would result in a receipt by that Agent of “interest” at a “criminal rate” (as such terms are
construed under the Criminal Code (Canada)), then, notwithstanding such provision, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so
prohibited by applicable law or so result in a receipt by that Agent of 

  
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“interest” at a “criminal rate”, such adjustment to be effected, to the extent necessary (but only to the extent necessary), as follows: 

(i) first, by reducing the amount or rate of interest; and 

(ii) thereafter, by reducing any fees, commissions, costs, expenses, premiums and other amounts required
to be paid which would constitute interest for purposes of section 347 of the Criminal Code (Canada). 
 (c) All calculations of interest payable by Canadian Borrowers under this Agreement or any other Loan Document are to be made on the basis of the nominal interest rate described herein and therein and not
on the basis of effective yearly rates or on any other basis which gives effect to the principle of deemed reinvestment of interest. The parties acknowledge that there is a material difference between the stated nominal interest rates and the
effective yearly rates of interest and that they are capable of making the calculations required to determine such effective yearly rates of interest. 

(d) Any provision of this Agreement that would oblige a Canadian Credit Party to pay any fine, penalty or
rate of interest on any arrears of principal or interest secured by a mortgage on real property or hypothec on immovables that has the effect of increasing the charge on arrears beyond the rate of interest payable on principal money not in arrears
shall not apply to such Canadian Credit Party, which shall be required to pay interest on money in arrears at the same rate of interest payable on principal money not in arrears. 

2.18 Currencies. All U.S. Obligations shall be paid in Dollars (except for any U.S. Obligations consisting
of a Guaranty that provides for the payment in another currency). All Canadian Obligations shall be paid in Canadian Dollars (except for any Canadian Obligations consisting of a Guaranty that provides for the payment in another currency).

  

	 3.
	 CONDITIONS; TERM OF AGREEMENT. 

 3.1 Conditions Precedent to the Initial Extension of Credit. The obligation of each Lender to make its initial extension of credit provided for hereunder is subject to the fulfillment, to
the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions
precedent). 
 3.2 Conditions Precedent to all Extensions of Credit. The obligation of the Lender
Group (or any member thereof) to make any Advances hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent: 

(a) the representations and warranties of Parent and its Subsidiaries contained in this Agreement or in
the other Loan Documents shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text
thereof) on and as of the date of such extension of credit, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date); and 

  
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 (b) no Default or Event of Default shall have occurred and
be continuing on the date of such extension of credit, nor shall either result from the making thereof. 
 3.3
Maturity. This Agreement shall continue in full force and effect until November 15, 2013 (the “Maturity Date”, as such date may be extended as provided in this Section 3.3); provided, however, that
upon the High Yield Notes Refinancing and so long as no Default or Event of Default exists at the time of the High Yield Notes Refinancing, the Maturity Date shall automatically be extended to the earlier of (i) May 25, 2016 and
(ii) the date that that is ninety (90) days prior to the maturity date of the New High Yield Notes or the Permitted Second Lien Term Loan Facility, as applicable, regardless of whether the High Yield Notes Refinancing occurs as a result of
the issuance of the New High Yield Notes or the entering into of the Permitted Second Lien Term Loan Facility. The foregoing notwithstanding, the Lender Group, upon the election of the Required Lenders, shall have the right to terminate its
obligations under this Agreement immediately and without notice upon the occurrence and during the continuation of an Event of Default. 
 3.4 Effect of Maturity. On the Maturity Date, all commitments of the Lender Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations
immediately shall become due and payable without notice or demand and Borrowers shall be required to repay all of the Obligations in full. No termination of the obligations of the Lender Group (other than payment in full of the Obligations and
termination of the Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall
remain in effect until all Obligations have been paid in full and the Commitments have been terminated. When all of the Obligations have been paid in full and the Lender Group’s obligations to provide additional credit under the Loan Documents
have been terminated irrevocably, Agents will, at Borrowers’ sole expense, execute and deliver any termination statements, lien releases, discharges of security interests, and other similar discharge or release documents (and, if applicable, in
recordable form) as are reasonably necessary to release, as of record, Agents’ Liens and all notices of security interests and liens previously filed by Agents. 

3.5 Early Termination by Borrowers. Borrowers have the option, at any time upon 10 Business Days prior
written notice to Agents, to terminate this Agreement and terminate the Commitments hereunder by repaying to Agents all of the Obligations in full. 
 3.6 Conditions Subsequent. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or
before the date applicable thereto, of the conditions subsequent set forth on Schedule 3.6 (the failure by Borrowers to so perform or cause to be performed such conditions subsequent as and when required by the terms thereof, shall constitute
an Event of Default). 
  

	 4.
	 REPRESENTATIONS AND WARRANTIES. 

 In order to induce the Lender Group to enter into this Agreement, each Borrower makes the following representations and warranties to the Lender Group which shall be true, correct, and complete, in all
material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by 

  
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materiality in the text thereof), as of the Closing Date, and shall be true, correct, and complete, in all material respects (except that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof), as of the date of the making of each Advance (or other extension of credit) made thereafter, as though made on and as of the date of such
Advance (or other extension of credit) (except to the extent that such representations and warranties relate solely to an earlier date) and such representations and warranties shall survive the execution and delivery of this Agreement: 

4.1 Due Organization and Qualification; Subsidiaries. 

(a) Each Loan Party (i) is duly organized and existing and in good standing under the laws of the
jurisdiction of its organization, (ii) is qualified to do business in any state or province where the failure to be so qualified could reasonably be expected to result in a Material Adverse Change, and (iii) has all requisite power and
authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby. 

(b) Set forth on Schedule 4.1(b) is a complete and accurate description of the authorized capital
Stock of each Borrower, by class, and, as of the Closing Date, a description of the number of shares of each such class that are issued and outstanding. Other than as described on Schedule 4.1(b), there are no subscriptions, options,
warrants, or calls relating to any shares of Borrowers’ capital Stock, including any right of conversion or exchange under any outstanding security or other instrument. No Borrower is subject to any obligation (contingent or otherwise) to
repurchase or otherwise acquire or retire any shares of its capital Stock or any security convertible into or exchangeable for any of its capital Stock. 

(c) Set forth on Schedule 4.1(c) (as such Schedule may be updated from time to time to reflect
changes resulting from transactions permitted under this Agreement), is a complete and accurate list of the Loan Parties’ direct and indirect Subsidiaries, showing: (i) the number of shares of each class of common and preferred Stock
authorized for each of such Subsidiaries, and (ii) the number and the percentage of the outstanding shares of each such class owned directly or indirectly by Parent. All of the outstanding capital Stock of each such Subsidiary has been validly
issued and is fully paid and non-assessable. 
 (d) Except as set forth on Schedule
4.1(c), there are no subscriptions, options, warrants, or calls relating to any shares of Parent’s Subsidiaries’ capital Stock, including any right of conversion or exchange under any outstanding security or other instrument. Neither
Parent nor any of its Subsidiaries is subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any shares of Parent’s Subsidiaries’ capital Stock or any security convertible into or exchangeable for
any such capital Stock. 
 4.2 Due Authorization; No Conflict. 

(a) As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan
Documents to which it is a party have been duly authorized by all necessary action on the part of such Loan Party. 

  
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 (b) As to each Loan Party, the execution, delivery, and
performance by such Loan Party of the Loan Documents to which it is a party do not and will not (i) violate any material provision of federal, state, provincial or local law or regulation applicable to any Loan Party or its Subsidiaries, the
Governing Documents of any Loan Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on any Loan Party or its Subsidiaries, (ii) conflict with, result in a breach of, or constitute
(with due notice or lapse of time or both) a default under any Material Contract of any Loan Party or its Subsidiaries except to the extent that any such conflict, breach or default could not individually or in the aggregate reasonably be expected
to have a Material Adverse Change, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any assets of any Loan Party, other than Permitted Liens, or (iv) require any approval of any Loan
Party’s interestholders or any approval or consent of any Person under any Material Contract of any Loan Party, other than consents or approvals that have been obtained and that are still in force and effect and except, in the case of Material
Contracts, for consents or approvals, the failure to obtain could not individually or in the aggregate reasonably be expected to cause a Material Adverse Change. 

4.3 Governmental Consents. The execution, delivery, and performance by each Loan Party of the Loan
Documents to which such Loan Party is a party and the consummation of the transactions contemplated by the Loan Documents do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any
Governmental Authority, other than registrations, consents, approvals, notices, or other actions that have been obtained and that are still in force and effect and except for filings and recordings with respect to the Collateral to be made, or
otherwise delivered to Agents for filing or recordation. 
 4.4 Binding Obligations; Perfected
Liens. 
 (a) Each Loan Document, when duly executed and delivered by each Loan Party
that is a party thereto, will be the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable principles or by bankruptcy,
insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally. 
 (b) Agents’ Liens are validly created, perfected (other than (i) in respect of motor vehicles that are subject to a certificate of title and as to which the applicable Agent has not caused its
Lien to be noted on the applicable certificate of title, and (ii) any Deposit Accounts and Securities Accounts not subject to a Control Agreement as permitted by Section 6.11, and subject only to the filing of financing statements
and the recordation of the Mortgages, in each case, in the appropriate filing offices), and first priority Liens, subject only to Permitted Liens which are either permitted purchase money Liens or the interests of lessors under Capital Leases.

 4.5 Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has
(a) good, sufficient and legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the
case of all other personal property), all of their respective assets reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial
statements 

  
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to the extent permitted hereby. All of such assets are free and clear of Liens except for Permitted Liens. 

4.6 Jurisdiction of Organization; Location of Chief Executive Office; Organizational Identification Number;
Commercial Tort Claims. 
 (a) The full legal name of (within the meaning of
Section 9-503 of the Code) and jurisdiction of organization of each Loan Party and each of its Subsidiaries is set forth on Schedule 4.6(a) (as such Schedule may be updated from time to time to reflect changes resulting from transactions
permitted under this Agreement). 
 (b) The chief executive office of each Loan Party and each of
its Subsidiaries is located at the address indicated on Schedule 4.6(b) (as such Schedule may be updated from time to time to reflect changes resulting from transactions permitted under this Agreement). 

(c) Each Loan Party’s and each of its Subsidiaries’ tax identification numbers and
organizational identification numbers, if any, are identified on Schedule 4.6(c) (as such Schedule may be updated from time to time to reflect changes resulting from transactions permitted under this Agreement). 

(d) As of the Closing Date, no Loan Party and no Subsidiary of a Loan Party holds any commercial tort
claims that exceed $100,000 in amount, except as set forth on Schedule 4.6(d). 
 4.7
Litigation. 
 (a) There are no actions, suits, or proceedings pending or, to the
knowledge of Parent, after due inquiry, threatened in writing against a Loan Party or any of its Subsidiaries that either individually or in the aggregate could reasonably be expected to result in a Material Adverse Change. 

(b) Schedule 4.7(b) sets forth a complete and accurate description, with respect to each of the
actions, suits, or proceedings with asserted liabilities in excess of, or that could reasonably be expected to result in liabilities in excess of, $2,000,000 that, as of the Closing Date, is pending or, to the knowledge of any Loan Party, after due
inquiry, threatened against a Loan Party or any of its Subsidiaries, of (i) the parties to such actions, suits, or proceedings, (ii) the nature of the dispute that is the subject of such actions, suits, or proceedings, (iii) the
status, as of the Closing Date, with respect to such actions, suits, or proceedings, and (iv) whether any liability of the Loan Parties’ and their Subsidiaries in connection with such actions, suits, or proceedings is covered by insurance.

 4.8 Compliance with Laws. No Loan Party nor any of its Subsidiaries (a) is in violation of
any applicable laws, rules, regulations, executive orders, or codes (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change, or (b) is subject to or in default
with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or

  
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instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change. 

4.9 No Material Adverse Change. All historical financial statements relating to the Loan Parties and their
Subsidiaries that have been delivered by Parent to Agents have been prepared in accordance with GAAP (except, in the case of unaudited financial statements, for the lack of footnotes and being subject to year-end audit adjustments) and present
fairly in all material respects, the Loan Parties’ and their Subsidiaries’ consolidated financial condition as of the date thereof and results of operations for the period then ended. Since December 31, 2010, no event, circumstance,
or change has occurred that has or could reasonably be expected to result in a Material Adverse Change with respect to the Loan Parties and their Subsidiaries. 
 4.10 Fraudulent Transfer. 
 (a) Each
Loan Party is Solvent. 
 (b) No transfer of property is being made by any Loan Party and no
obligation is being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party.

 4.11 Employee Benefits.  

(a) No Loan Party, none of their Subsidiaries, nor any of their ERISA Affiliates maintains or contributes
to any Benefit Plan (other than as provided below with respect to Canadian Credit Parties). 

(b) No Canadian Credit Party has (i) established or commenced contributing to any Defined Benefit
Plan or (ii) acquired an interest in any Person if such Person sponsors, administers, maintains or contributes to, or has any liability in respect of any Defined Benefit Plan. 

(c) Except as set forth on Schedule 4.11 (as such Schedule may be updated from time to time) and as
of the date hereof, no Canadian Credit Party sponsors, maintains, contributes to or has any liability in respect of, any plan other than statutory plans required by applicable law. 

(d) Except as set forth in Schedule 4.11 (as such Schedule may be updated from time to time) and as
of the date hereof, no Canadian Credit Party has or is subject to any present or future obligation or liability under any Canadian Employee Plan and any overtime pay, premiums for unemployment insurance, health and welfare insurance premiums,
accrued wages, salaries and commissions, severance pay and employee benefit plan payments which are due and owing, have been fully paid by each Canadian Credit Party or, in the case of accrued unpaid overtime pay, accrued unpaid vacation or accrued
unpaid commissions for Canadian Employees, has been accurately accounted for in the books and records of each Canadian Credit Party or has been reported pursuant to the collateral reporting obligation pursuant to Section 5.2. 

  
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 (e) Schedule 4.11 (as such Schedule may be updated
from time to time) lists all the Canadian Pension Plans and Canadian Employee Plans applicable to the Canadian Employees of each Canadian Credit Party in respect of employment in Canada and which are currently maintained or sponsored by a Canadian
Credit Party or to which a Canadian Credit Party contributes or has an obligation to contribute, except, for greater certainty, any statutory plans to which each Canadian Credit Party is obligated to contribute to or comply with under applicable
law. 
 (f) No improvements to any Canadian Pension Plan or any Canadian Employee Plan have been
promised, except such improvements as are described in the collective bargaining agreements listed in Schedule 4.11 (as such Schedule may be updated from time to time), and no amendments or improvements to a Canadian Employee Plan will be
made or promised by any Canadian Credit Party before the Closing Date. 
 (g) Except as disclosed
in Schedule 4.11 (as such Schedule may be updated from time to time), no Canadian Credit Party provides benefits to retired Canadian Employees or to beneficiaries or dependents of retired Canadian Employees. 

(h) All obligations regarding the Canadian Pension Plans and the Canadian Employee Plans (including
current service contributions) have been satisfied, there are no outstanding defaults or violations by any party to any Canadian Pension Plan and any Canadian Employee Plan and no taxes, penalties or fees are owing or exigible under any of the
Canadian Employee Plans, except which could not reasonably be expected to result in a Material Adverse Change. Except as disclosed on Schedule 4.11 (as such Schedule may be updated from time to time), as of the date hereof, each Canadian
Pension Plan and each Canadian Employee Plan is fully funded or fully insured pursuant to the actuarial assumptions and methodology set out in Schedule 4.11 (as such Schedule may be updated from time to time) and, in the case of a Canadian
Pension Plan, as required under the most recent actuarial valuation filed with the applicable Governmental Authority pursuant to generally accepted actuarial practices and principles. To the best knowledge of the Canadian Credit Party, no fact or
circumstance exists that could adversely affect the tax-exempt status of a Canadian Pension Plan or Canadian Employee Plan. 
 (i) Except as disclosed in Schedule 4.11 (as such Schedule may be updated from time to time), 

(i) As of the date hereof, no Canadian Credit Party is a party to any collective bargaining agreement,
contract or legally binding commitment to any trade union or employee organization or group in respect of or affecting Canadian Employees; 
 (ii) No Canadian Credit Party, is a party to any application, complaint, grievance, arbitration, or other proceeding under any statute or under any collective agreement related to any Canadian Employee or
the termination of any Canadian Employee and there is no complaint, inquiry or other investigation by any regulatory or other administrative authority or agency with regard to or in relation to any Canadian Employee or the termination of any
Canadian Employee except any such application, complaint, grievance, arbitration or other proceeding which could not reasonably be expected to result in a Material Adverse Change; 

  
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 (iii) To the best of its knowledge and belief after due
enquiry, no Canadian Credit Party has engaged in any unfair labor practice, nor is any Canadian Credit Party aware of any pending or threatened complaint regarding any alleged unfair labor practices, as of the date hereof; and 

(iv) Except where such action could not reasonably be expected to result in a Material Adverse Change,
there is no strike, labor dispute, work slow down, stoppage or other labor disputes pending or threatened against any Canadian Credit Party and no Canadian Credit Party is currently the subject of any union organization effort or any labor
negotiation. 
 (j) All contributions, assessments, fees, taxes, penalties or fines in relation
to the Canadian Employees have been duly paid and there is no outstanding liability of any kind in relation to the employment of the Canadian Employees or the termination of employment of any Canadian Employee which is due but unpaid as of the date
of this Agreement. 
 (k) Each Canadian Credit Party is in compliance with all requirements of
Canadian Employee Benefits Legislation and health and safety, workers compensation, employment standards, labor relations, health insurance, employment insurance, protection of personal information, human rights laws and any Canadian federal,
provincial or local counterparts or equivalents in each case, as applicable to the Canadian Employees and as amended from time to time and except where failure to comply could not reasonably be expected to result in a Material Adverse Change.

 4.12 Environmental Condition. Except as set forth on Schedule 4.12, (a) to
Parent’s knowledge, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been used by a Loan Party, its Subsidiaries, or by previous owners or operators in the disposal of, or to produce, store, handle, treat,
release, or transport, any Hazardous Materials, where such disposal, production, storage, handling, treatment, release or transport was in violation, in any material respect, of any applicable Environmental Law, (b) to Parent’s knowledge,
after due inquiry, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been designated or identified in any manner pursuant to the RCRA or any environmental protection statute as a Hazardous Materials disposal site,
(c) no Loan Party nor any of its Subsidiaries has received notice that a Lien arising under any Environmental Law has attached to any revenues or to any Real Property owned or operated by a Loan Party or its Subsidiaries, and (d) no Loan
Party nor any of its Subsidiaries nor any of their respective facilities or operations is subject to any outstanding written order, consent decree, or settlement agreement with any Person relating to any Environmental Law or Environmental Liability
that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change. 

4.13 Intellectual Property. Each Loan Party, owns, or holds licenses in, all trademarks, trade names,
copyrights, patents, and licenses used in to the conduct of its or any of its Subsidiaries’ business as currently conducted, except where the failure to own, hold licenses in, or otherwise have a right to use would not reasonably be expected,
individually or in the aggregate, to cause a Material Adverse Change, and attached hereto as Schedule 4.13 (as updated from time to time) is a true, correct, and complete listing of all registered trademarks, trade names, copyrights, patents
and applications for the registration or issuance of trademarks, copyrights and patents, and licenses, in each case as to which Parent or one of its Subsidiaries is 

  
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the owner or is an exclusive licensee; provided, however, that Parent may amend Schedule 4.13 to add additional intellectual property so long as such amendment occurs by
written notice to Agents at the time that Parent provides its Compliance Certificate pursuant to Section 5.1. 
 4.14 Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are
operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them. 

4.15 Deposit Accounts and Securities Accounts. Set forth on Schedule 4.15 (as updated pursuant to
the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary
(a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person. 
 4.16 Complete Disclosure. All factual information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general
information about Parent’s industry) furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agents or any Lender (including all information contained in the Schedules hereto or in the other Loan Documents) for purposes of
or in connection with this Agreement or the other Loan Documents, and all other such factual information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general information
about Parent’s industry) hereafter furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agents or any Lender will be, true and accurate, in all material respects, on the date as of which such information is dated or
certified and not incomplete by omitting to state any fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided. The
Projections delivered to Agents represent, and any additional Projections delivered to Agents represent, Parent’s good faith estimate, on the date such Projections are delivered, of the Loan Parties’ and their Subsidiaries’ future
performance for the periods covered thereby based upon assumptions believed by Parent to be reasonable at the time of the delivery thereof to Agents (it being understood that such Projections are subject to uncertainties and contingencies, many of
which are beyond the control of the Loan Parties and their Subsidiaries, that no assurances can be given that such Projections will be realized, and that actual results may differ in a material manner from such Projections). 

4.17 Material Contracts. Set forth on Schedule 4.17 (as such Schedule may be updated from time to
time in accordance herewith) is a reasonably detailed list of the Material Contracts of each Loan Party and its Subsidiaries as of the most recent date on which Parent provided its Compliance Certificate pursuant to Section 5.1;
provided, however, that Parent may amend Schedule 4.17 to add additional Material Contracts so long as such amendment occurs by written notice to Agents on the date that Parent provides its Compliance Certificate. Except for
matters which, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change, each Material Contract (other than those that have expired at the end of their normal terms) (a) is in full force
and effect and is binding upon and enforceable 

  
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against the applicable Loan Party or its Subsidiary and, to the applicable Loan Party’s knowledge, after due inquiry, each other Person that is a party thereto in accordance with its terms,
(b) has not been otherwise amended or modified (other than amendments or modifications permitted by Section 6.7(b)), and (c) is not in default due to the action or inaction of the applicable Loan Party or its Subsidiary.

 4.18 Patriot Act. To the extent applicable, each Loan Party is in compliance, in all material
respects, with the (a) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or
executive order relating thereto, (b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Patriot Act”), (c) the Proceeds of Crime
(Money Laundering) and Terrorist Financing Act (Canada) and (d) other federal, state or provincial laws relating to “know your customer” and anti-money laundering rules and regulations. No part of the proceeds of the loans made
hereunder will be used by any Loan Party or any of their Subsidiaries, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else
acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 

4.19 Indebtedness. Set forth on Schedule 4.19 is a true and complete list of all Indebtedness of
each Loan Party and each of its Subsidiaries outstanding immediately prior to the Closing Date that is to remain outstanding immediately after giving effect to the closing hereunder on the Closing Date and such Schedule accurately sets forth the
aggregate principal amount of such Indebtedness as of the Closing Date. 
 4.20 Payment of Taxes.
Except as otherwise permitted under Section 5.5, or as set forth on Schedule 4.20, all tax returns and reports of each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes
shown on such tax returns to be due and payable and all material assessments, fees and other governmental charges upon a Loan Party and its Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable
have been paid when due and payable, except for any such assessments, fees and other governmental charges being contested in good faith and for which adequate reserves have been established in accordance with GAAP. Except as set forth on Schedule
4.20, each Loan Party and each of its Subsidiaries have made adequate provision in accordance with GAAP for all taxes not yet due and payable. Parent knows of no tax assessment proposed in writing against a Loan Party or any of its Subsidiaries
that is not being actively contested by such Loan Party or such Subsidiary diligently, in good faith, and by appropriate proceedings; provided such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP
shall have been made or provided therefor. 
 4.21 Margin Stock. No Loan Party nor any of its
Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the loans made to Borrowers will be used to
purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock or for any purpose that violates 

  
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the provisions of Regulation T, U or X of the Board of Governors of the United States Federal Reserve. 
 4.22 Governmental Regulation. No Loan Party nor any of its Subsidiaries is subject to regulation under the Federal Power Act or the Investment Company Act of 1940 or under any other federal
or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. No Loan Party nor any of its Subsidiaries is a “registered investment
company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940.

 4.23 OFAC. To the extent applicable, no Loan Party nor any of its Subsidiaries is in violation
of any of the country or list based economic and trade sanctions administered and enforced by OFAC. To the extent applicable, no Loan Party nor any of its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets
located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any loan made hereunder will be used to fund any operations in, finance any investments
or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity. 
 4.24 Eligible
Accounts. As to each Account that is identified by the applicable Borrower as an Eligible Account in a Borrowing Base Certificate submitted to the applicable Agent, such Account is (a) a bona fide existing payment obligation of the
applicable Account Debtor created by the license and delivery of Inventory or the rendition of services to such Account Debtor in the ordinary course of such Borrower’s business, (b) owed to such Borrower, and (c) not excluded as
ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Accounts. 
 4.25 Locations of Equipment. The Equipment (other than vehicles or Equipment out for repair) of the Loan Parties and their Subsidiaries are not stored with a bailee, warehouseman, or similar
party and are located only at, or in-transit between or to, the locations identified on Schedule 4.25 (as such Schedule may be updated pursuant to Section 5.15). 

4.26 Inventory Records. Each Loan Party keeps correct and accurate records itemizing and describing the
type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof. 
 4.27
Employee and Labor Matters. Except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change, there is no strike, slowdown, work stoppage, lockout or other material labor dispute,
pending or to the knowledge of Borrowers threatened. To the knowledge of Borrowers, no union organizing activities or other question concerning representation with respect to the employees of any Loan Party or its Subsidiaries exists or is
threatened. None of Parent or its Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining Notification Act or similar state law, which if unpaid or unsatisfied, would individually or in the aggregate,
reasonably be expected to result in a Material Adverse Change. The hours worked and payments made to employees of Parent or its Subsidiaries have not been in violation of the Fair Labor Standards Act, the

  
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Employment Standards Code (Alberta) or any other applicable legal requirements, except to the extent such violations would not, individually or in the aggregate, reasonably be expected to result
in a Material Adverse Change. All material payments due from Parent or its Subsidiaries on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of Parent, except where
the failure to do so would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change. 
 4.28 Non-Material Subsidiaries. None of the events permitted by the exceptions allowed for Non-Material Subsidiaries set forth in Sections 6.3, 6.9(c), 8.3, 8.4, 8.5 or 8.6 will cause a
Material Adverse Change with respect to Borrowers and their Material Subsidiaries (taken as a whole) since the date of the latest financial statements submitted to Lender on or before the Closing Date. Except for intercompany balances, none of the
Non-Material Subsidiaries owns any asset (including without limitation any patent, trademark, copyright, or other intellectual property), or is the licensee, permittee, or other authorized user or person under any license, permit, or other similar
agreement, the absence of which would create a Material Adverse Change to the business of Borrowers and their Material Subsidiaries (taken as a whole), as such business is presently conducted. Except for intercompany balances, none of the
Non-Material Subsidiaries is subject to any liability that would create a Material Adverse Change to the business of Borrowers and their Material Subsidiaries (taken as a whole), as such business is presently conducted. 

4.29 Withholdings and Remittances. Canadian Credit Parties have withheld from each payment made to any of
its present or former employees, officers and directors, and to all persons who are non-residents of Canada for the purposes of the Income Tax Act (Canada) all amounts required by law to be withheld, including, without limitation, all payroll
deductions required to be withheld, and furthermore, have remitted such withheld amounts within the prescribed periods to the appropriate Governmental Authority. Canadian Credit Parties have remitted all Canada Pension Plan contributions, provincial
pension plan contributions, workers’ compensation assessments, employment insurance premiums, employee health premiums, municipal real estate taxes and other taxes payable under the applicable law by them (the “Statutory Lien
Payments”) and have remitted such amounts to the proper Governmental Authority within the time required under the applicable law. 
 4.30 Burdensome Contracts. No Loan Party or any of their Subsidiaries is a party to or subject to any contract, agreement or charter restriction that could reasonably be expected to have a
Material Adverse Effect. No Loan Party or any of their Subsidiaries is party or subject to any Restrictive Agreement other than the High Yield Notes Indenture and, if applicable, the Permitted Second Lien Term Loan Facility. 

4.31 Updates to Schedules. Schedules 4.1(c), 4.6(a), 4.6(b), 4.6(c),
4.11, 4.13 and 4.17 may be updated with supplemental information reasonably acceptable to U.S. Agent or Canadian Agent, as applicable, on the date that Parent provides its Compliance Certificate due at the end of the next
calendar quarter and no misrepresentation shall be deemed to occur with respect to any changes occurring during the period following the delivery of a Compliance Certificate with respect to items described in the Compliance Certificate due at the
end of the next succeeding calendar quarter. Schedules 4.15 and 4.25 may be updated with supplemental 

  
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information reasonably acceptable to U.S. Agent or Canadian Agent, as applicable, in accordance with the provisions of Section 4.15 and Section 4.25, respectively.

  

	 5.
	 AFFIRMATIVE COVENANTS. 

 Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations, the Loan Parties shall and shall cause each of their Subsidiaries to comply
with each of the following: 
 5.1 Financial Statements, Reports, Certificates. Deliver to Agents,
with copies to each Lender, each of the financial statements, reports, and other items set forth on Schedule 5.1 no later than the times specified therein. In addition, Parent agrees that no Subsidiary of a Loan Party will have a fiscal year
different from that of Parent. In addition, Parent agrees to maintain a system of accounting that enables Parent to produce financial statements in accordance with GAAP. Each Loan Party shall also (a) keep a reporting system that shows all
additions, sales, claims, and allowances with respect to its and its Subsidiaries’ sales, and (b) maintain its billing systems/practices substantially as in effect as of the Closing Date and shall only make material modifications thereto
with notice to, and with the consent of, Agents. 
 5.2 Collateral Reporting. Provide each Agent
(and if so requested by any Agent, with copies for each Lender) with each of the reports set forth on Schedule 5.2 at the times specified therein. In addition, Parent agrees to use commercially reasonable efforts in cooperation with Agents to
facilitate and implement a system of electronic collateral reporting in order to provide electronic reporting of each of the items set forth on such Schedule, to the extent set forth therein. 

5.3 Existence. Except as otherwise permitted under Section 6.3 or Section 6.4, at
all times maintain and preserve in full force and effect its organizational existence and, if applicable, good standing under the laws of its jurisdiction of incorporation, organization or formation, as applicable and all rights and franchises,
licenses and permits material to its business; provided, however, that no Loan Party or any of its Subsidiaries shall be required to preserve any such right or franchise, licenses or permits if such Person’s board of directors (or
similar governing body) shall determine that the preservation thereof is no longer desirable in the conduct of the business of such Person. 
 5.4 Maintenance of Properties. Maintain and preserve all of its assets that are reasonably necessary in the proper conduct of the business of the Loan Parties, taken as a whole, in good
working order and condition, ordinary wear, tear, and casualty excepted and Permitted Dispositions excepted, and comply with the material provisions of all material leases to which it is a party as lessee, so as to prevent the loss or forfeiture
thereof, unless such provisions are the subject of a Permitted Protest, in each case, except as otherwise permitted under Section 6.3 or Section 6.4. 

5.5 Taxes. Cause all material assessments and material taxes imposed, levied, or assessed against any Loan
Party or its Subsidiaries, or any of their respective assets or in respect of any of its income, businesses, or franchises to be paid in full, before delinquency or before the expiration of any extension period, except to the extent that the
validity of such assessment or tax shall be the subject of a Permitted Protest. Parent will and will cause each of its Subsidiaries to 

  
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make timely payment or deposit of all material tax payments and withholding taxes required of it and them by applicable laws, including those laws concerning F.I.C.A., F.U.T.A., state disability,
and local, state, provincial and federal (including the local, provincial, and federal government of Canada and any political subdivision thereof) income taxes and will, upon request, furnish U.S. Agent with proof reasonably satisfactory to U.S.
Agent indicating that Parent and its Subsidiaries have made such payments or deposits. 
 5.6
Insurance. At Borrowers’ expense, maintain insurance respecting each of the Loan Parties’ and their Subsidiaries’ assets wherever located, covering loss or damage by fire, theft, explosion, and all other hazards and
risks as ordinarily are insured against by other Persons engaged in the same or similar businesses. Borrowers also shall maintain (with respect to each of the Loan Parties and their Subsidiaries) general liability, director’s and officer’s
liability insurance, fiduciary liability insurance, and employment practices liability insurance, as well as insurance against larceny, embezzlement, and criminal misappropriation. All such policies of insurance shall be with responsible and
reputable insurance companies acceptable to U.S. Agent and in such amounts as is carried generally in accordance with sound business practice by companies in similar businesses similarly situated and located and in any event in amount, adequacy and
scope reasonably satisfactory to U.S. Agent. All property insurance policies covering the Collateral are to be made payable to U.S. Agent or Canadian Agent, as applicable, for the benefit of such Agent and the U.S. Lenders or Canadian Lenders, as
applicable, as their interests may appear, in case of loss, pursuant to a standard loss payable endorsement with a standard non contributory “lender” or “secured party” clause and are to contain such other provisions as such
Agent may reasonably require to fully protect the Lenders’ interest in the Collateral and to any payments to be made under such policies. All certificates of property and general liability insurance are to be delivered to Agents, with the loss
payable (but only in respect of Collateral) and additional insured endorsements in favor of the applicable Agent and shall provide for not less than 30 days (10 days in the case of non-payment) prior written notice to such Agent of the exercise of
any right of cancellation. If Borrowers fail to maintain such insurance, the applicable Agent may arrange for such insurance, but at Borrowers’ expense and without any responsibility on such Agent’s part for obtaining the insurance, the
solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. Borrowers shall give the applicable Agent prompt notice of any loss exceeding $1,000,000 covered by its casualty or business interruption insurance. Upon
the occurrence and during the continuance of an Event of Default, Agents shall have the sole right to file claims under any property and general liability insurance policies in respect of the Collateral, to receive, receipt and give acquittance for
any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases, assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any
such insurance policies. 

  
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 5.7 Inspections; Field Exams; Appraisals. Permit Agents and
each of their duly authorized representatives or agents to visit any of its properties and inspect any of its assets or books and records, to conduct appraisals, field exams, Data Library appraisals, and valuations, to examine and make copies of its
books and records, and to discuss its affairs, finances, and accounts with, and to be advised as to the same by, its officers and employees at such reasonable times and intervals as such Agent may designate and, so long as no Default or Event of
Default exists, with reasonable prior notice to Borrowers. 
 5.8 Compliance with Laws. Comply
with the requirements of all applicable laws, rules, regulations, and orders of any Governmental Authority, other than laws, rules, regulations, and orders the non-compliance with which, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Change. 
 5.9 Environmental. 

(a) Keep any property either owned or operated by Parent or its Subsidiaries free of any Environmental
Liens or post bonds or other financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens, 
 (b) Comply, in all material respects, with Environmental Laws and provide to U.S. Agent documentation of such compliance which U.S. Agent reasonably requests, 

(c) Promptly notify U.S. Agent of any release of which Parent has knowledge of a Hazardous Material in any
reportable quantity from or onto property owned or operated by Parent or its Subsidiaries and take any Remedial Actions required to abate said release or otherwise to come into compliance, in all material respects, with applicable Environmental Law,
and 
 (d) Promptly, but in any event within 5 Business Days of its receipt thereof, provide U.S.
Agent with written notice of any of the following: (i) notice that an Environmental Lien has been filed against any of the real or personal property of Parent or its Subsidiaries, (ii) commencement of any Environmental Action or written
notice that an Environmental Action will be filed against Parent or its Subsidiaries, and (iii) written notice of a violation, citation, or other administrative order from a Governmental Authority. 

5.10 Disclosure Updates. Promptly and in no event later than 10 days after obtaining knowledge thereof,
notify Agents if any written information, exhibit, or report furnished to Agents or the Lenders contained, at the time it was furnished, any untrue statement of a material fact when taken as a whole or omitted to state any material fact necessary to
make the statements contained therein not misleading when taken as a whole, in light of the circumstances in which made. The foregoing to the contrary notwithstanding, any notification pursuant to the foregoing provision will not cure or remedy the
effect of the prior untrue statement of a material fact or omission of any material fact nor shall any such notification have the effect of amending or modifying this Agreement or any of the Schedules hereto. 

5.11 Formation of Subsidiaries. At the time that any Loan Party forms any direct or indirect Material
Subsidiary or acquires any direct or indirect Material Subsidiary after the Closing Date, such Loan Party shall (a) within 10 days of such formation or acquisition (or such 

  
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later date as permitted by U.S. Agent or the Canadian Agent, as applicable, in its sole discretion) cause any such new Material Subsidiary to provide to U.S. Agent or Canadian Agent, as
applicable, a joinder to the U.S. Guaranty or the Canadian Guaranty, as applicable, and to the U.S. Security Agreement or the Canadian Security Agreement, as applicable (for the avoidance of doubt, no U.S. Subsidiary shall be required to join the
Canadian Guaranty or Canadian Security Agreement and no Canadian Subsidiary shall be required to join the U.S. Guaranty or U.S. Security Agreement), together with such other security documents (including mortgages with respect to any Real Property
owned in fee of such new Material Subsidiary with a fair market value of at least $1,000,000), as well as appropriate financing statements (and with respect to all property subject to a mortgage, fixture filings), all in form and substance
reasonably satisfactory to such Agent (including being sufficient to grant such Agent a first priority Lien (subject to Permitted Liens) in and to the assets of such newly formed or acquired Subsidiary); provided that the joinder to the
applicable Guaranty and Security Agreement, and such other security documents shall not be required to be provided to such Agent with respect to any Subsidiary of Parent that is a CFC if providing such documents would result in adverse tax
consequences or the costs to the Loan Parties of providing such guaranty, executing any security documents or perfecting the security interests created thereby are unreasonably excessive (as determined by such Agent in consultation with Borrowers)
in relation to the benefits of such Agent and the U.S. Lenders or Canadian Lenders, as applicable, of the security or guarantee afforded thereby, (b) within 10 days of such formation or acquisition (or such later date as permitted by such Agent
in its sole discretion) provide to such Agent a pledge agreement (or an addendum to the Security Agreement) and appropriate certificates and powers or financing statements, pledging all of the direct or beneficial ownership interest in such new
Material Subsidiary reasonably satisfactory to such Agent; provided that only 65% of the total outstanding voting Stock of any first tier Material Subsidiary of Parent that is a CFC (and none of the Stock of any Material Subsidiary of such
CFC) shall be required to be pledged if pledging a greater amount would result in adverse tax consequences or the costs to the Loan Parties of providing such pledge or perfecting the security interests created thereby are unreasonably excessive (as
determined by such Agent in consultation with Borrowers) in relation to the benefits of such Agent and the U.S. Lenders or Canadian Lenders, as applicable, of the security or guarantee afforded thereby (which pledge, if reasonably requested by such
Agent, shall be governed by the laws of the jurisdiction of such Subsidiary), and (c) within 10 days of such formation or acquisition (or such later date as permitted by such Agent in its sole discretion) provide to such Agent all other
documentation, including one or more opinions of counsel reasonably satisfactory to such Agent, which in its opinion is appropriate with respect to the execution and delivery of the applicable documentation referred to above (including policies of
title insurance or other documentation with respect to all Real Property owned in fee and subject to a mortgage). Any document, agreement, or instrument executed or issued pursuant to this Section 5.11 shall be a Loan Document.

 5.12 Further Assurances. At any time upon the reasonable request of U.S. Agent or Canadian
Agent, as applicable, execute or deliver to such Agent any and all financing statements, fixture filings, security agreements, pledges, assignments, endorsements of certificates of title, mortgages, deeds of trust, opinions of counsel, and all other
documents (the “Additional Documents”) that such Agent may reasonably request in form and substance reasonably satisfactory to such Agent, to create, perfect, and continue perfected or to better perfect such Agent’s Liens in
all of the assets of Parent and its Subsidiaries (whether now owned 

  
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or hereafter arising or acquired, tangible or intangible, real or personal), to create and perfect Liens in favor of such Agent in any Real Property acquired by Parent or its Subsidiaries after
the Closing Date with a fair market value in excess of $1,000,000, and in order to fully consummate all of the transactions contemplated hereby and under the other Loan Documents; provided that the foregoing shall not apply to any Subsidiary
of Parent that is a CFC if providing such documents would result in adverse tax consequences or the costs to the Loan Parties of providing such documents are unreasonably excessive (as determined by such Agent in consultation with Borrowers) in
relation to the benefits of such Agent and the U.S. Lenders or Canadian Lenders, as applicable, of the benefits afforded thereby. To the maximum extent permitted by applicable law, if Parent refuses or fails to execute or deliver any reasonably
requested Additional Documents within a reasonable period of time following the request to do so, Parent hereby authorizes the applicable Agent to execute any such Additional Documents in the applicable Loan Party’s or its Subsidiary’s
name, as applicable, and authorizes such Agent to file such executed Additional Documents in any appropriate filing office. In furtherance and not in limitation of the foregoing, each Loan Party shall take such actions as such Agent may reasonably
request from time to time to ensure that the U.S. Obligations are guarantied by the U.S. Guarantors and are secured by substantially all of the assets of the U.S. Credit Parties and their Domestic Subsidiaries and all of the outstanding capital
Stock of U.S. Borrowers’ Domestic Subsidiaries and the Canadian Obligations are guaranteed by the Canadian Guarantors and are secured by substantially all of the assets of the Canadian Credit Parties and their Canadian Subsidiaries Parent and
its Subsidiaries (other than Domestic Subsidiaries) and all of the outstanding capital Stock of Borrowers’ Canadian Subsidiaries (subject to exceptions and limitations contained in the Loan Documents with respect to CFCs). 

5.13 Lender Meetings. Within 90 days after the close of each fiscal year of Parent, at the request of
Agents or of the Required Lenders and upon reasonable prior notice, hold a meeting (at a mutually agreeable location and time or, at the option of any Agent, by conference call) with all Lenders who choose to attend such meeting at which meeting
shall be reviewed the financial results of the previous fiscal year and the financial condition of Parent and its Subsidiaries and the projections presented for the current fiscal year of Parent. 

5.14 Material Contracts. Contemporaneously with the delivery of each Compliance Certificate pursuant to
Section 5.1, provide Agents with copies of (a) each Material Contract entered into since the delivery of the previous Compliance Certificate, and (b) each material amendment or modification of any Material Contract entered into
since the delivery of the previous Compliance Certificate. 
 5.15 Location of Inventory and
Equipment. Keep each Loan Parties’ and its Subsidiaries’ Inventory and Equipment (other than (i) vehicles and (ii) Equipment out for repair or being utilized at a job site) only at the locations identified on
Schedule 4.25 and their chief executive offices only at the locations identified on Schedule 4.6(b); provided, however, that Borrowers may amend Schedule 4.25 or Schedule 4.6(b) so long as such
amendment occurs by written notice to U.S. Agent or Canadian Agent, as applicable, not less than 30 days prior to the date on which such Inventory or Equipment is moved to such new location or such chief executive office is relocated and so long as
such new location is within the continental United States and Canada, and so long as, at the time of such written notification, the applicable Borrower provides the applicable Agent a Collateral Access Agreement with respect thereto. 

  
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 5.16 Pension and Employee Benefits.  

(a) No Loan Party, none of their Subsidiaries, nor any of their ERISA Affiliates will maintain or
contribute to any Benefit Plan (other than Canadian Credit Parties as provided in Section 5.17(b) below). 
 (b) Canadian Pension Plans and Canadian Employee Plans. 
 (i) The Canadian Credit Parties will cause to be delivered to the Agents, promptly upon the Agents’ written request, a copy of each Canadian Pension Plan and Canadian Employee Plan and, if
applicable, related trust agreements or other funding instruments and all amendments thereto. 

(ii) The Canadian Credit Parties shall obtain and provide the Agents, upon their request, with written
confirmation from the applicable Governmental Authorities for each Canadian Pension Plan or Canadian Employee Plan that is required to be registered with any Governmental Authority under Canadian Employee Benefits Legislation. The Canadian Credit
Parties shall ensure that each Canadian Pension Plan or Canadian Employee Plan retains its registered status under and is administered in all material respects in accordance with the terms of the applicable Canadian Pension Plan text, funding
agreement and Canadian Employee Benefits Legislation. 
 (iii) The Canadian Credit Parties will
cause all reports and disclosures required by any Canadian Pension Plan or applicable Canadian Employee Benefits Legislation to be filed and distributed as required. 

(iv) The Canadian Credit Parties shall perform in all material respects all obligations (including (if
applicable), funding, investment and administration obligations) required to be performed by it in connection with each Canadian Pension Plan and Canadian Employee Plan and the funding therefore; make and pay all current service and, as applicable,
special payments relating to solvency deficiencies under any Canadian Pension Plan and pay all premiums required to be made or paid by it in accordance with the terms of the applicable Canadian Employee Plan and the Canadian Employee Benefits
Legislation and withhold by way of authorized payroll deductions or otherwise collect and pay into the applicable Canadian Pension Plan or Canadian Employee Plan all employee contributions required to be withheld or collected by it in accordance
with the terms of the Canadian Pension Plan or the Canadian Employee Plan, and the Canadian Employee Benefits Legislation. 
 5.17 Data Library. Upon request by Agents, deposit a copy of the Data Library, and all additions and updates thereto on an annual basis, with the U.S. Agent and the Canadian Agent.

 5.18 Leases. Pay when due all rents and other amounts payable under any leases to which any
Borrower or any Subsidiary of a Borrower is a party or by which any Borrower’s or any Subsidiary of a Borrower’s properties and assets are bound, unless such payments are the subject of a Permitted Protest or, in the case of any leases
other than the Borrowers’ leases of the premises at 10811 S. Westview Circle, Houston, Texas or 5321-11th Street Northeast, Calgary, 

  
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Alberta, Canada T2E8N4 (which premises are the storage site for the Data Library), the loss or forfeiture of such leases would not cause a Material Adverse Change. 

5.19 Mergers and Transfers of Assets. In the event that any Subsidiary merges into another Subsidiary or
any Borrower or sells, assigns, or conveys assets to another Subsidiary or Borrower, Borrowers will (i) give Agents telephonic or written notice at least one week but not more than one month prior to any such merger, sale, assignment or
conveyance, (ii) will promptly thereafter deliver to U.S. Agent or Canadian Agent, as applicable, such amendments to and reaffirmations of the Loan Documents, each in form and substance satisfactory to such Agent, that such Agent may request in
connection therewith, and (iii) cause to be filed, if necessary, appropriate amendments to U.S. and Canadian financing statements in such office or offices and to take such other actions as may be necessary or, in the Permitted Discretion of
such Agent, desirable to continue the perfection such Agent’s Liens in the Collateral. 
  

	 6.
	 NEGATIVE COVENANTS. 

 Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations, the Loan Parties will not and will not permit any of their Subsidiaries to do
any of the following: 
 6.1 Indebtedness. Create, incur, assume, suffer to exist, guarantee, or
otherwise become or remain, directly or indirectly, liable with respect to any Indebtedness, except for Permitted Indebtedness. 
 6.2 Liens. Create, incur, assume, or suffer to exist, directly or indirectly, any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, or any
income or profits therefrom, except for Permitted Liens. 
 6.3 Restrictions on Fundamental
Changes. 
 (a) Enter into any merger, consolidation, reorganization, or
recapitalization, or reclassify its Stock, except for (i) any merger, consolidation or reorganization between Loan Parties, provided that any Borrower must be the surviving entity of any such merger, consolidation or reorganization to
which it is a party or, if the surviving entity is not a Borrower, cause such entity to become a Borrower upon completion of such merger, consolidation or reorganization, (ii) any merger, consolidation or reorganization between a Loan Party and
Subsidiaries of such Loan Party that are not Loan Parties so long as such Loan Party is the surviving entity of any such merger, consolidation or reorganization or, if a Loan Party is not intended to be the surviving entity, cause the surviving
entity to become a Loan Party upon the completion of such merger, consolidation or reorganization, and (iii) any merger, consolidation or reorganization between Subsidiaries of Parent that are not Loan Parties, or 

(b) Liquidate, wind up, or dissolve itself (or suffer any liquidation or dissolution), except for
(i) the liquidation or dissolution of non-operating Subsidiaries of Parent with nominal assets and nominal liabilities, (ii) the liquidation or dissolution of a Loan Party (other than any Borrower) or any of its wholly-owned Subsidiaries
so long as, in the case of a liquidation or dissolution of a Loan Party, all of the assets (including any interest in any Stock) of such liquidating or dissolving Loan Party or Subsidiary are transferred to a Loan Party that is

  
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not liquidating or dissolving; provided that, no Domestic Subsidiary shall be permitted to transfer any material portion of its assets to a Canadian Subsidiary and no Canadian Subsidiary shall be
permitted to transfer any material portion of its assets to a Domestic Subsidiary, in each case, without the prior consent of Agents, or (iii) the liquidation or dissolution of a Subsidiary of Parent that is not a Loan Party (other than any
such Subsidiary (other than Non-Material Subsidiaries) the Stock of which (or any portion thereof) is subject to a Lien in favor of U.S. Agent or Canadian Agent, as applicable) so long as all of the assets of such liquidating or dissolving
Subsidiary are transferred to a Subsidiary of Parent that is not liquidating or dissolving; provided, however, that nothing herein contained shall be deemed to prohibit or limit any Non-Material Subsidiary from liquidating, winding up or dissolving,
or 
 (c) Other than in the case of Non-Material Subsidiaries, suspend or go out of a substantial
portion of its or their business, except as permitted pursuant to clauses (a) or (b) above or in connection with the transactions permitted pursuant to Section 6.4. 

6.4 Disposal of Assets. Other than Permitted Dispositions or transactions expressly permitted by
Sections 6.3 or 6.11, convey, sell, lease, license, assign, transfer, or otherwise dispose of (or enter into an agreement to convey, sell, lease, license, assign, transfer, or otherwise dispose of, unless such agreement is subject to
the consent of U.S. Agent or Canadian Agent, as applicable) any of Parent’s or its Subsidiaries assets. 

6.5 Change Name. Change Parent’s or any of its Subsidiaries’ legal name, organizational
identification number, federal employer identification number, state or province of organization or organizational identity; provided, however, that Parent or any of its Subsidiaries may change its legal name upon at least 30 days
prior written notice to U.S. Agent of such change. 
 6.6 Nature of Business. Engage in any
material respect any line of business different from those lines of business engaged by the Loan Parties on the Closing Date; provided, however, that the foregoing shall not prevent Parent and its Subsidiaries from engaging in any
business that is similar, reasonably related, incidental, ancillary or complementary to its or their business or reasonable extensions thereof. 
 6.7 Prepayments and Amendments. 
 (a)
Except in connection with Refinancing Indebtedness permitted by Section 6.1, 
 (i)
optionally prepay, redeem, defease, purchase, or otherwise acquire any Indebtedness of Parent or its Subsidiaries, other than (A) the Obligations in accordance with this Agreement and (B) Permitted Intercompany Advances, or 

(ii) make any payment on account of Indebtedness other than as permitted under clauses (c), (e),
(h) and (j) of the definition of Permitted Indebtedness so long as such payment is not prohibited at such time under the relevant subordination terms and conditions, if any; provided, that, both before and immediately after giving effect
to each such prepayment, redemption, defeasance, purchase of acquisition, no Event of Default shall have occurred and be continuing, 

  
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 (iii) other than prepayment of up to 10% of the outstanding
principal amount of the New High Yield Notes, plus any prepayment premium, per annum, so long as at the time of any payment thereof (A) no Event of Default shall have occurred and be continuing or would result after giving effect to such
prepayment, (B) Parent and its Subsidiaries are in pro forma compliance with the provisions of Article VII and (C) Parent and its Subsidiaries have pro forma Excess Availability of at least $25,000,000, 

(iv) other than prepayment of the Existing High Yield Notes with the proceeds of the Equity Investment, or

 (v) prepay any Indebtedness under the Permitted Second Lien Term Loan Facility, other than, so
long as no Default or Event of Default has occurred and is continuing or would result after giving effect to such prepayment, (A) as expressly required by the terms of the Permitted Second Lien Term Loan Facility, subject to any intercreditor
arrangements in connection therewith, and (B) optional prepayments with the proceeds of an initial public offering of Seitel Holdings so long as (I) there are no Advances outstanding under this Agreement and (II) Parent and its
Subsidiaries are in pro forma compliance with the provisions of Article VII, subject to any intercreditor arrangements in connection therewith, 

(b) Directly or indirectly, amend, modify, or change any of the terms or provisions of 

(i) any agreement, instrument, document, indenture, or other writing evidencing or concerning Permitted
Indebtedness other than (A) the Obligations in accordance with this Agreement, (B) Permitted Intercompany Advances, and (C) Indebtedness permitted under clauses (c), (e), (f), (g), (i) and (m) of the definition of Permitted
Indebtedness, 
 (ii) any Material Contract except to the extent that such amendment,
modification, or change could not, individually or in the aggregate, reasonably be expected to be materially adverse to the interests of the Lenders, or 

(iii) the Governing Documents of any Loan Party or any of its Subsidiaries if the effect thereof, either
individually or in the aggregate, could reasonably be expected to be materially adverse to the interests of the Lenders. 
 6.8 Change of Control. Cause, permit, or suffer, directly or indirectly, any Change of Control. 
 6.9 Restricted Junior Payments. Make any Restricted Junior Payment; provided, however, that, so long as it is permitted by law, 

(a) so long as no Default or Event of Default shall have occurred and be continuing or would result
therefrom, Parent may make distributions to former employees, officers, or directors of Parent (or any spouses, ex-spouses, or estates of any of the foregoing) on account of redemptions of Stock of Parent held by such Persons, provided,
however, that the aggregate amount of such redemptions made by Parent during the term of this Agreement plus the amount of Indebtedness outstanding under clause (h) of the definition of Permitted Indebtedness, does not exceed
(i) $2,500,000 in any calendar year or (ii) $5,000,000 in any 

  
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calendar year if after giving effect to such distributions, Parent and its Subsidiaries will have Excess Availability of at least $15,000,000 (it being understood, however, that unused amounts
permitted to be paid pursuant to this proviso are available to be carried over, but only to the next calendar year), 
 (b) distributions or declaration and payment of dividends by a Domestic Subsidiary or a U.S. Borrower to a Domestic Subsidiary or a U.S. Borrower (including, without limitation, liquidating distributions
by Non-Material Subsidiaries) in the ordinary course of business for the purpose of (i) paying auditing fees and expenses, (ii) paying directors fees, expenses and indemnities owed to directors of Parent and expenses payable pursuant to
the Advisory Agreement, and (iii) paying fees and expenses incurred in connection with a public offering, and 
 (c) Parent may make distributions to: (i) so long as Parent is the sole direct Subsidiary of Seitel Holdings and Seitel Holdings has no other assets or operations, in an aggregate amount equal to the
lesser of (1) the amount that would be due with respect to a consolidated, combined or similar federal, state or local tax return that included Seitel Holdings and its Subsidiaries for which Seitel Holdings would be the corporate parent, and
(2) the actual amount of such franchise or similar taxes and fees of Seitel Holdings required to maintain Seitel Holdings’ corporate or other existence, and (ii) at all other times, an amount equal to the lesser of (1) the
portion of a consolidated, combined or similar federal, state or local tax return that included Seitel Holdings and its Subsidiaries for which Seitel Holdings would be the corporate parent equal to the amount that would be due with respect to a
consolidated, combined or similar federal, state or local tax return that included Parent and its Subsidiaries for which Parent would be the corporate parent and (2) the net amount of the applicable tax that Seitel Holdings actually owes to the
relevant taxing authority as a result of its ownership of Parent; provided, however, that in each case in the event that any such distribution exceeds the amount of the applicable taxes, Borrowers will cause Seitel Holdings to reimburse any excess
amounts to Parent within 10 days of the payment of such taxes and if any such excess amounts are not reimbursed with 10 days, Parent will not make any further distributions for tax purposes until such excess amounts are reimbursed in full; provided,
further, that, to the extent deemed to be distributions, Parent may make distributions to Seitel Holdings pursuant to and in accordance with Section 6.12(a) and Section 6.12(c) below. 

6.10 Accounting Methods. Modify or change its fiscal year or its method of accounting (other than as may be
required to conform to GAAP). 
 6.11 Investments; Control Agreements. 

(a) Directly or indirectly, make or acquire any Investment or incur any liabilities (including contingent
obligations) for or in connection with any Investment, except for: 
 (i) Permitted Investments,

 (ii) Investments in direct or indirect Subsidiaries of Parent, that are Loan Parties, to the
extent, but only to the extent, of intercompany accounts converted to equity of a Subsidiary (in the ordinary course of business on terms and conditions consistent with past 

  
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practices of Parent and its Subsidiaries) in order to meet equity capital requirements for such Subsidiaries under Canadian law, 

(iii) Investments made on or after the Closing Date in Canadian Subsidiaries in an aggregate amount not to
exceed at any one time (i) $15,000,000 plus (ii) an amount equal to distributions made, directly or indirectly but without duplication, by Canadian Subsidiaries to any Borrower from and after the Closing Date less any distributions for the
payment of taxes, amounts paid for goods and services rendered by Canadian Subsidiaries, and other accounts receivable and similar items owing to Canadian Subsidiaries. 

(b) Make, acquire, or permit to exist Permitted Investments consisting of cash, Cash Equivalents, or
amounts credited to Deposit Accounts or Securities Accounts unless Parent or its Subsidiary, as applicable, and the applicable bank or securities intermediary have entered into a Control Agreement or Control Agreements with the applicable Agent
governing such Permitted Investments in order to perfect (and further establish) such Agent’s Liens in such Permitted Investments, other than (i) amounts deposited into Deposit Accounts specially and exclusively used for payroll, payroll
taxes and other employee wage and benefit payments to or for Parent’s or its Subsidiaries’ employees, (ii) Securities Accounts holding cash and marketable shares and options of Texon Petroleum Limited (ASX:TXN), (iii) amounts
deposited into Deposit Accounts listed on Schedule 6.11(b), (iv) Securities Accounts holding cash and marketable securities received in settlement of accounts receivable or in connection with the licensing of data, (v) an aggregate amount
of not more than $50,000 at any one time, in the case of Parent and its Subsidiaries (other than those Subsidiaries that are CFCs), and (vi) an aggregate amount of not more than $50,000 (calculated at current exchange rates) at any one time, in
the case of Subsidiaries of Parent that are CFCs. Except as provided in Section 6.11(b)(i), (ii), (iii), (iv), (v) and (vi), Parent shall not and shall not permit its Subsidiaries to establish or
maintain any Deposit Account or Securities Account unless U.S. Agent or Canadian Agent, as applicable, shall have received a Control Agreement in respect of such Deposit Account or Securities Account. Parent and each of its Subsidiaries hereby
authorizes and directs each bank or other depository to, after the occurrence and during the continuation of a Cash Dominion Event, deliver to such Agent, upon request, all balances in any Deposit Account or Securities Account (other than a accounts
listed in clause (i) hereof containing not more than $250,000 in the aggregate at any time and accounts listed in clauses (ii), (iii) and (iv) hereof) maintained by Parent or such Subsidiary, without inquiry into the authority or
right of such Agent to make such request. 
 6.12 Transactions with Affiliates. Directly or
indirectly enter into or permit to exist any transaction with any Affiliate of Parent or any of its Subsidiaries except for: 
 (a) reimbursement of or payment to ValueAct Capital or Seitel Holdings by Parent of fees, costs and expenses incurred in connection with the New High Yield Notes offering or the closing of the Permitted
Second Lien Term Loan Facility, as applicable, in an aggregate amount reasonably approved by Agents, which consent shall not be unreasonably withheld, 

(b) transactions that are in the ordinary course of Borrowers’ business, upon fair and reasonable
terms, that are fully disclosed to U.S. Agent, and that are no less favorable to 

  
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Borrowers than would be obtained in an arm’s length transaction with a non-Affiliate; provided that, (i) for any such transaction involving an aggregate amount in excess of
$5,000,000, the applicable Loan Parties shall deliver to U.S. Agent an officer’s certificate which sets forth and authenticates a resolution that has been adopted by a majority of the disinterested members of the Board of Directors or, if there
is only one disinterested member of the Board of Directors with respect to such transaction, such member, approving such transaction and (ii) for any such transaction involving an aggregate amount in excess of $10,000,000, the applicable Loan
Parties shall deliver to U.S. Agent, a written opinion as to the fairness of such transaction to such Loan Party from a financial point of view issued by an independent financial advisor to the Board of Directors of Parent, 

(c) so long as it has been approved by Parent’s or its applicable Subsidiary’s Board of
Directors in accordance with applicable law, any indemnity provided for the benefit of the Board of Directors of Parent or its applicable Subsidiary, 

(d) so long as it has been approved by Parent’s or its applicable Subsidiary’s Board of
Directors in accordance with applicable law, the payment of reasonable compensation, severance, or employee benefit arrangements to employees, officers, and outside directors of Parent and its Subsidiaries in the ordinary course of business and
consistent with industry practice, 
 (e) transactions permitted by Section 6.3 or
Section 6.9, or any Permitted Intercompany Advance, and 
 (f) transactions pursuant
to the Advisory Agreement. 
 6.13 Use of Proceeds. Use the proceeds of any loan made hereunder
for any purpose other than (a) on the Closing Date, (i) to repay, in full, the outstanding principal, accrued interest, and accrued fees and expenses owing under or in connection with the Existing Credit Facilities, and (ii) to pay
transactional fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents, and the transactions contemplated hereby and thereby, and (b) thereafter, consistent with the terms and conditions hereof, for general
corporate purposes, including working capital; provided that no part of the proceeds of the loans made to Borrowers will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any
such margin stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors of the United States Federal Reserve. 
 6.14 Limitation on Issuance of Stock. Except for the issuance or sale of common stock by Parent, issue or sell or enter into any agreement or arrangement for the issuance and sale of any of
its Stock. 
 6.15 Parent as Holding Company. Permit Seitel Holdings to incur any liabilities
(other than liabilities arising under the Loan Documents), own or acquire any assets (other than the Stock of Parent or repurchases of its own Stock) or engage itself in any operations or business, except in connection with its ownership of Parent
and its rights and obligations under the Loan Documents. 

  
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 6.16 Equipment with Bailees. Store the Data Library at any
time now or hereafter with a bailee, warehouseman, or similar party without Agents’ prior written consent, or store any material amount of the Equipment of Parent or its Subsidiaries (other than the Data Library) at any time now or hereafter
with a bailee, warehouseman, or similar party, without providing to Agents a Collateral Access Agreement from such bailee, warehouseman, or similar party. 
 6.17 Establishment of Defined Benefit Plan. Notwithstanding any other provisions of this Agreement or any other Loan Document, not (i) establish or commence contributing to any Defined
Benefit Plan that is not fully funded or (ii) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to, or has any liability in respect of any, Defined Benefit Plan that is not fully funded.

 6.18 Restrictive Agreements. Become a party to any Restrictive Agreement, except (I) a
Restrictive Agreement (a) in effect on the Closing Date; (b) any refinancing of any Indebtedness in effect on the Closing Date, so long as the terms of such refinancing are no more restrictive than the terms of Indebtedness being
refinanced; (c) relating to secured Indebtedness permitted hereunder, as long as the restrictions apply only to collateral for such Indebtedness; or (d) constituting customary restrictions on assignment in leases and other contracts or
(II) so long as no Default or Event of Default has occurred and is continuing, the Permitted Second Lien Term Loan Facility. 
  

	 7.
	 FINANCIAL COVENANT. 

 Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations, with respect to any period of four consecutive fiscal quarters, calculated as
of the end of such four-quarter period and measured on a quarterly basis, if at any time for the last fiscal quarter Excess Availability falls below $10,000,000, then Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.00 to
1.00. 
  

	 8.
	 EVENTS OF DEFAULT. 

 Any one or more of the following events shall constitute an event of default (each, an “Event of Default”) under this Agreement: 

8.1 If (a) any U.S. Borrower fails to pay when due and payable, or when declared due and payable, (i) all or
any portion of the U.S. Obligations consisting of interest, fees, or charges due the U.S. Lender Group, reimbursement of Lender Group Expenses of the U.S. Lender Group, or other amounts (other than any portion thereof constituting principal)
constituting U.S. Obligations (including any portion thereof that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), and such
failure continues for a period of 3 Business Days, or (ii) all or any portion of the principal of the U.S. Obligations or (b) any Canadian Borrower fails to pay when due and payable, or when declared due and payable, (i) all or any
portion of the Canadian Obligations consisting of interest, fees, or charges due the Canadian Lender Group, reimbursement of Lender Group Expenses of the Canadian Lender Group, or other amounts (other than any portion thereof constituting principal)
constituting Canadian Obligations (including any portion thereof that accrues after the commencement of an 

  
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Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), and such failure continues for a period of 3 Business Days, or
(ii) all or any portion of the principal of the Canadian Obligations; 
 8.2 If any Loan Party or any of
its Subsidiaries: 
 (a) fails to perform or observe any covenant or other agreement contained in
any of (i) Sections 5.1, 5.2, 5.3 (solely if a Borrower is not in good standing in its jurisdiction of organization), 5.6, 5.7 (solely if a Borrower refuses to allow Agents or their representatives or agents
to visit Borrowers’ properties, inspect its assets or books or records, examine and make copies of its books and records, or discuss Borrowers’ affairs, finances, and accounts with officers and employees of Borrowers), 5.9,
5.10, 5.11, 5.13, 5.14, or 5.15 of this Agreement, (ii) Section 6 of this Agreement, (iii) Section 7 of this Agreement, or (iv) Section 6 of the Security Agreements; 

(b) fails to perform or observe any covenant or other agreement contained in any of Sections 5.3
(other than if a Borrower is not in good standing in its jurisdiction of organization), 5.4, 5.5, 5.8, and 5.12 of this Agreement and such failure continues for a period of 10 days after the earlier of (i) the date
on which such failure shall first become known to any officer of any Borrower or (ii) the date on which written notice thereof is given to Borrowers by U.S. Agent; or 

(c) fails to perform or observe any covenant or other agreement contained in this Agreement, or in any of
the other Loan Documents (giving effect to any grace periods, cure periods, or required notices, if any, expressly provided for in such Loan Documents), in each case, other than any such covenant or agreement that is the subject of another provision
of this Section 8 (in which event such other provision of this Section 8 shall govern), and such failure continues for a period of 30 days after the earlier of (i) the date on which such failure shall first become known
to any officer of any Borrower or (ii) the date on which written notice thereof is given to Borrowers by U.S. Agent; 
 8.3 If one or more judgments, orders, or awards for the payment of money involving an aggregate amount of $2,000,000, or more, other than judgments in connection with any matter listed on Schedule
4.7(b) on the Closing Date, (except to the extent fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the insurer has not denied coverage) is entered or filed against a Loan Party or any of its
Subsidiaries other than Non-Material Subsidiaries, or with respect to any of their respective assets, and either (a) there is a period of 30 consecutive days at any time after the entry of any such judgment, order, or award during which
(1) the same is not discharged, satisfied, vacated, or bonded pending appeal, or (2) a stay of enforcement thereof is not in effect, or (b) enforcement proceedings are commenced upon such judgment, order, or award; or 

8.4 If an Insolvency Proceeding is commenced by a Loan Party or any of its Subsidiaries other than Non-Material
Subsidiaries; or 
 8.5 If an Insolvency Proceeding is commenced against a Loan Party or any of its Subsidiaries
other than Non-Material Subsidiaries and any of the following events occur: (a) such Loan Party or such Subsidiary consents to the institution of such Insolvency Proceeding 

  
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against it, (b) the petition commencing the Insolvency Proceeding is not timely controverted, (c) the petition commencing the Insolvency Proceeding is not dismissed within 60 calendar
days of the date of the filing thereof, (d) an interim trustee is appointed to take possession of all or any substantial portion of the properties or assets of, or to operate all or any substantial portion of the business of, such Loan Party or
its Subsidiary other than Non-Material Subsidiaries, or (e) an order for relief shall have been issued or entered therein; or 
 8.6 If a Loan Party or any of its Subsidiaries other than Non-Material Subsidiaries is enjoined, restrained, or in any way prevented by court order from continuing to conduct all or any material part of
the business affairs of Parent and its Subsidiaries, taken as a whole; or 
 8.7 If there is a default in one or
more agreements to which a Loan Party of any of its Subsidiaries is a party with one or more third Persons relative to a Loan Party’s or any of its Subsidiaries’ Indebtedness involving an aggregate amount of $2,000,000 or more, and such
default (i) occurs at the final maturity of the obligations thereunder, or (ii) results in a right by such third Person, irrespective of whether exercised, to accelerate the maturity of such Loan Party’s or its Subsidiary’s
obligations thereunder; or 
 8.8 If any warranty, representation, certificate, statement, or Record made herein
or in any other Loan Document or delivered in writing to Agents or any Lender in connection with this Agreement or any other Loan Document proves to be untrue in any material respect (except that such materiality qualifier shall not be applicable to
any representations and warranties that already are qualified or modified by materiality in the text thereof) as of the date of issuance or making or deemed making thereof; or 

8.9 If the obligation of any Guarantor under the applicable Guarantee is limited or terminated by operation of law or by
such Guarantor (other than in accordance with the terms of this Agreement); or 
 8.10 If the Security Agreement
or any other Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected and, except to the extent of Permitted Liens which are permitted purchase money Liens or the interests of lessors under
Capital Leases, first priority Lien on the Collateral covered thereby, except (a) as a result of a disposition of the applicable Collateral in a transaction permitted under this Agreement or (b) as the result of an action or failure to act
on the part of the applicable Agent; or 
 8.11 The validity or enforceability of any Loan Document shall at any
time for any reason (other than solely as the result of an action or failure to act on the part of Agents) be declared to be null and void, or a proceeding shall be commenced by a Loan Party or its Subsidiaries, or by any Governmental Authority
having jurisdiction over a Loan Party or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan Party or its Subsidiaries shall deny that such Loan Party or its Subsidiaries has any liability or obligation
purported to be created under any Loan Document; or 
 8.12 If there shall occur any default under the High
Yield Notes or the High Yield Notes Indenture or the Permitted Second Lien Term Loan Facility and documents entered into in connection therewith, as applicable, in each case that continues beyond any applicable grace period and cure period.

  
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	 9.
	 RIGHTS AND REMEDIES. 

 9.1 Rights and Remedies.  
 (a) Upon
the occurrence and during the continuation of an Event of Default, U.S. Agent may, and, at the instruction of the Required U.S. Lenders, shall (in each case under clauses (i) or (ii) by written notice to U.S. Borrowers), in addition to any
other rights or remedies provided for hereunder or under any other Loan Document or by applicable law, do any one or more of the following: 
 (i) declare the U.S. Obligations (other than the U.S. Bank Product Obligations), whether evidenced by this Agreement or by any of the other Loan Documents immediately due and payable, whereupon the same
shall become and be immediately due and payable and U.S. Borrowers shall be obligated to repay all of such U.S. Obligations in full, without presentment, demand, protest, or further notice or other requirements of any kind, all of which are hereby
expressly waived by U.S. Borrowers; 
 (ii) declare the Commitments of U.S. Lenders terminated,
whereupon such Commitments shall immediately be terminated together with (i) any obligation of any U.S. Lender hereunder to make U.S. Advances, (ii) the obligation of U.S. Swing Lender to make U.S. Swing Loans, and (iii) the
obligation of U.S. Issuing Lender to issue U.S. Letters of Credit; and 
 (iii) exercise all
other rights and remedies available to U.S. Agent or the U.S. Lenders under the Loan Documents or applicable law. 
 The
foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default described in Section 8.4 or Section 8.5, in addition to the remedies set forth above, without any notice to U.S. Borrowers or any other
Person or any act by the U.S. Lender Group, the Commitments of U.S. Lenders shall automatically terminate and the U.S. Obligations (other than the U.S. Bank Product Obligations), inclusive of all accrued and unpaid interest thereon and all fees and
all other amounts owing under this Agreement or under any of the other Loan Documents, shall automatically and immediately become due and payable and U.S. Borrowers shall be obligated to repay all of such U.S. Obligations in full, without
presentment, demand, protest, or notice of any kind, all of which are expressly waived by U.S. Borrowers. 
 (b) Upon the occurrence and during the continuation of an Event of Default, Canadian Agent may, and, at the instruction of the Required Canadian Lenders, shall (in each case under clauses (i) or
(ii) by written notice to Canadian Borrowers), in addition to any other rights or remedies provided for hereunder or under any other Loan Document or by applicable law, do any one or more of the following: 

(i) declare the Canadian Obligations (other than the Canadian Bank Product Obligations), whether evidenced
by this Agreement or by any of the other Loan Documents immediately due and payable, whereupon the same shall become and be immediately due and payable and Canadian Borrowers shall be obligated to repay all of such Canadian Obligations in full,
without presentment, demand, protest, or further notice or other requirements of any kind, all of which are hereby expressly waived by Canadian Borrower; 

  
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 (ii) declare the Commitments of the Canadian Lenders
terminated, whereupon such Commitments shall immediately be terminated together with (i) any obligation of Canadian Lenders hereunder to make Canadian Advances, (ii) the obligation of Canadian Swing Lender to make Canadian Swing Loans, and
(iii) the obligation of Canadian Issuing Lender to issue Canadian Letters of Credit; and 

(iii) exercise all other rights and remedies available to Canadian Agent or Canadian Lenders under the
Loan Documents or applicable law. 
 The foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default
described in Section 8.4 or Section 8.5, in addition to the remedies set forth above, without any notice to Canadian Borrowers or any other Person or any act by the Canadian Lender Group, the Commitments of Canadian Lenders
shall automatically terminate and the Canadian Obligations (other than the Canadian Bank Product Obligations), inclusive of all accrued and unpaid interest thereon and all fees and all other amounts owing under this Agreement or under any of the
other Loan Documents, shall automatically and immediately become due and payable and Canadian Borrowers shall be obligated to repay all of such Canadian Obligations in full, without presentment, demand, protest, or notice of any kind, all of which
are expressly waived by Canadian Borrowers. 
 9.2 Remedies Cumulative. 

(a) The rights and remedies of the U.S. Lender Group under this Agreement, the other Loan Documents, and
all other agreements shall be cumulative. The U.S. Lender Group shall have all other rights and remedies not inconsistent herewith as provided under the Code, by law, or in equity. No exercise by the U.S. Lender Group of one right or remedy shall be
deemed an election, and no waiver by the U.S. Lender Group of any Event of Default shall be deemed a continuing waiver. No delay by the U.S. Lender Group shall constitute a waiver, election, or acquiescence by it. 

(b) The rights and remedies of the Canadian Lender Group under this Agreement, the other Loan Documents,
and all other agreements shall be cumulative. The Canadian Lender Group shall have all other rights and remedies not inconsistent herewith as provided under the PPSA, by law, or in equity. No exercise by the Canadian Lender Group of one right or
remedy shall be deemed an election, and no waiver by the Canadian Lender Group of any Event of Default shall be deemed a continuing waiver. No delay by the Canadian Lender Group shall constitute a waiver, election, or acquiescence by it. 

 

	 10.
	 WAIVERS; INDEMNIFICATION. 

 10.1 Demand; Protest; etc. Each Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, nonpayment at maturity, release,
compromise, settlement, extension, or renewal of documents, instruments, chattel paper, and guarantees at any time held by the Lender Group on which any such Borrower may in any way be liable. 

10.2 The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long
as each Agent complies with its obligations, if any, under the Code or the 

  
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PPSA, as applicable, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral, (ii) any loss or damage thereto occurring or
arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person, and (b) all risk of loss, damage, or
destruction of the Collateral shall be borne by Borrowers. 
 10.3 Indemnification. Borrowers
shall pay, indemnify, defend, and hold the Agent-Related Persons, the Lender-Related Persons, and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent permitted by law) from and against any and all
claims, demands, suits, actions, investigations, proceedings, liabilities, fines, costs, penalties, and damages, and all reasonable fees and disbursements of attorneys, experts, or consultants and all other costs and expenses actually incurred in
connection therewith or in connection with the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any of them (a) in
connection with or as a result of or related to the execution and delivery (provided that Borrowers shall not be liable for costs and expenses (including attorneys fees) of any Lender (other than WFCF) incurred in advising, structuring, drafting,
reviewing, administering or syndicating the Loan Documents), enforcement, performance, or administration (including any restructuring or workout with respect hereto) of this Agreement, any of the other Loan Documents, or the transactions
contemplated hereby or thereby or the monitoring of Parent’s and its Subsidiaries’ compliance with the terms of the Loan Documents (provided, however, that the indemnification in this clause (a) shall not extend to
(i) disputes solely between or among the Lenders, (ii) disputes solely between or among the Lenders and their respective Affiliates; it being understood and agreed that the indemnification in this clause (a) shall extend to Agents
(but not the Lenders) relative to disputes between or among an Agent on the one hand, and one or more Lenders, or one or more of their Affiliates, on the other hand, or (iii) any Taxes or any costs attributable to Taxes, which shall be governed
by Section 16), (b) with respect to any investigation, litigation, or proceeding related to this Agreement, any other Loan Document, or the use of the proceeds of the credit provided hereunder (irrespective of whether any
Indemnified Person is a party thereto), or any act, omission, event, or circumstance in any manner related thereto, and (c) in connection with or arising out of any presence or release of Hazardous Materials at, on, under, to or from any assets
or properties owned, leased or operated by Parent or any of its Subsidiaries or any Environmental Actions, Environmental Liabilities or Remedial Actions related in any way to any such assets or properties of Parent or any of its Subsidiaries (each
and all of the foregoing, the “Indemnified Liabilities”). The foregoing to the contrary notwithstanding, Borrowers shall have no obligation to any Indemnified Person under this Section 10.3 with respect to any
Indemnified Liability that a court of competent jurisdiction finally determines to have resulted from the gross negligence or willful misconduct of such Indemnified Person or its officers, directors, employees, attorneys, or agents. This provision
shall survive the termination of this Agreement and the repayment of the Obligations. If any Indemnified Person makes any payment to any other Indemnified Person with respect to an Indemnified Liability as to which Borrower was required to indemnify
the Indemnified Person receiving such payment, the Indemnified Person making such payment is entitled to be indemnified and reimbursed by Borrowers with respect thereto. WITHOUT LIMITATION, THE FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNIFIED
PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART 

  
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ARE CAUSED BY OR ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON. 

 

	 11.
	 NOTICES. 

 Unless otherwise provided in this Agreement, all notices or demands relating to this Agreement or any other Loan Document shall be in writing and (except for financial statements and other informational
documents which may be sent by first-class mail, postage prepaid) shall be personally delivered or sent by registered or certified mail (postage prepaid, return receipt requested), overnight courier, electronic mail (at such email addresses as a
party may designate in accordance herewith), or telefacsimile. In the case of notices or demands to any Borrower, U.S. Agent or Canadian Agent, as the case may be, they shall be sent to the respective address set forth below: 

 

			
	 If to a Borrower:
	 	 c/o SEITEL, INC.

		 	 10811 S. Westview Circle

		 	 Building C, Suite 100

		 	 Houston, Texas 77043

		 	 Attn: Marcia Kendrick

		 	 Fax No. (713) 881-8901

		
	 with copies to:
	 	 Dechert LLP

		 	 Cira Centre

		 	 2929 Arch Street

		 	 Philadelphia, PA 19104

		 	 Attn: Gary Green, Esq.

		 	 Fax No.: (215) 655-2656

		
	 If to U.S. Agent:
	 	 WELLS FARGO CAPITAL FINANCE, LLC

		 	 One Boston Place

		 	 Boston, MA 02108

		 	 Attn: Relationship Manager

		 	 Fax No.: (617) 722-9493

		
	 with copies to:
	 	 O’MELVENY & MYERS LLP

		 	 Times Square Tower

		 	 7 Times Square

		 	 New York, New York 10036

		 	 Attn: Eric R. Reimer, Esq.

		 	 Fax No.: (212) 326-2061

		
	 If to Canadian
	 	 WELLS FARGO CAPITAL FINANCE CORPORATION CANADA

	 Agent:
	 	 c/o Wells Fargo Capital Finance, LLC

		 	 One Boston Place

		 	 Boston, MA 02108

  
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	 	 	 Attn: Relationship Manager

		 	 Fax No.: (617) 722-9493

		
	 with copies to:
	 	 O’MELVENY & MYERS LLP

		 	 Times Square Tower

		 	 7 Times Square

		 	 New York, New York 10036

		 	 Attn: Eric R. Reimer, Esq.

		 	 Fax No.: (212) 326-2061

 Any party hereto may change the address at which they are to receive notices hereunder, by notice in writing in the foregoing manner given to the other party. All notices or demands sent in accordance
with this Section 11, shall be deemed received on the earlier of the date of actual receipt or 3 Business Days after the deposit thereof in the mail; provided, that (a) notices sent by overnight courier service shall be
deemed to have been given when received, (b) notices 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) and (c) notices by electronic mail shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt
requested” function, as available, return email or other written acknowledgment). 
  

	 12.
	 CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER. 

(a) THE VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN
ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, AND THE RIGHTS OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR
RELATED HERETO OR THERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 (b) THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE OF NEW YORK SITTING IN
THE BOROUGH OF MANHATTAN AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED, HOWEVER, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER
PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO THE
EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS 

  
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OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 12(b). 

(c) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP HEREBY
WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN
THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 (d) EACH BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN AND THE COURTS OF THE UNITED STATES
FOR THE SOUTHERN DISTRICT OF NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT AGENT MAY OTHERWISE HAVE TO
BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
  

	 13.
	 ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS. 

13.1 Assignments and Participations. 

(a) With the prior written consent of Parent, which consent of Parent shall not be unreasonably withheld,
delayed or conditioned, and shall not be required (1) if an Event of Default has occurred and is continuing, or (2) in connection with an assignment to a Person that is a Lender or an Affiliate (other than individuals) of a Lender;
provided that Parent shall be deemed to have consented to a proposed assignment unless it objects thereto by written notice to Agents within 10 days after having received notice thereof, and with the prior written consent of Agents, which consent of
Agents shall not be unreasonably withheld, delayed or conditioned, and shall not be required in connection with an assignment to a Person that is a Lender or an Affiliate (other than individuals) of a Lender, any Lender may assign and delegate to
one or more assignees so long as such prospective assignee is an Eligible Transferee (each, an “Assignee”; provided, however, that no Loan Party, Affiliate of a Loan Party, ValueAct Capital,

  
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or Affiliate of ValueAct Capital shall be permitted to become an Assignee) all or any portion of the Obligations, the Commitments and the other rights and obligations of such Lender hereunder and
under the other Loan Documents, in a minimum Dollar Equivalent amount (unless waived by Agents) of $5,000,000 (except such minimum amount shall not apply to (x) an assignment or delegation by any Lender to any other Lender or an Affiliate of
any Lender or (y) a group of new Lenders, each of which is an Affiliate of each other or a Related Fund of such new Lender to the extent that the aggregate Dollar Equivalent amount to be assigned to all such new Lenders is at least $5,000,000);
provided, however, that Parent and Agents may continue to deal solely and directly with such Lender in connection with the interest so assigned to an Assignee until (i) written notice of such assignment, together with payment
instructions, addresses, and related information with respect to the Assignee, have been given to Parent and Agents by such Lender and the Assignee, (ii) such Lender and its Assignee have delivered to Parent and Agents an Assignment and
Acceptance and Agent has notified the assigning Lender of its receipt thereof in accordance with Section 13.1(b), and (iii) unless waived by Agents, the assigning Lender or Assignee has paid to U.S. Agent for U.S. Agent’s
separate account, or to Canadian Agent for Canadian Agent’s separate account, as applicable, a processing fee in the amount of $3,500. 
 (b) From and after the date that Agents notify the assigning Lender (with a copy to Parent) that it has received an executed Assignment and Acceptance and, if applicable, payment of the required
processing fee, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, shall be a “Lender” and shall have the
rights and obligations of a Lender under the Loan Documents, and (ii) the assigning Lender shall, to the extent that rights and obligations hereunder and under the other Loan Documents have been assigned by it pursuant to such Assignment and
Acceptance, relinquish its rights (except with respect to Section 10.3) and be released from any future obligations under this Agreement (and in the case of an Assignment and Acceptance covering all or the remaining portion of an
assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, such Lender shall cease to be a party hereto and thereto); provided, however, that nothing contained herein shall release any assigning
Lender from obligations that survive the termination of this Agreement, including such assigning Lender’s obligations under Section 15 and Section 17.9(a). 

(c) By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the
Assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan
Document furnished pursuant hereto, (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of Borrowers or the performance or observance by Borrowers of any of their
obligations under this Agreement or any other Loan Document furnished pursuant hereto, (iii) such Assignee confirms that it has received a copy of this Agreement, together with such other documents and information as it has deemed appropriate
to make its own credit analysis and decision to enter into such Assignment and Acceptance, (iv) such Assignee will, independently and without reliance upon any Agent, such assigning Lender or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue 

  
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to make its own credit decisions in taking or not taking action under this Agreement, (v) such Assignee appoints and authorizes each Agent to take such actions and to exercise such powers
under this Agreement and the other Loan Documents as are delegated to such Agent, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto, and (vi) such Assignee agrees that it will perform all of the
obligations which by the terms of this Agreement are required to be performed by it as a Lender. 

(d) Immediately upon U.S. Agent’s or Canadian Agent’s, as applicable, receipt of the required
processing fee, if applicable, and delivery of notice to the assigning Lender pursuant to Section 13.1(b), this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the
Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitment allocated to each Assignee shall reduce such Commitments of the assigning Lender pro tanto. 

(e) Any Lender may at any time sell to one or more commercial banks, financial institutions, or other
Persons (a “Participant”) participating interests in all or any portion of its Obligations, its Commitment, and the other rights and interests of that Lender (the “Originating Lender”) hereunder and under the other
Loan Documents; provided, however, that (i) the Originating Lender shall remain a “Lender” for all purposes of this Agreement and the other Loan Documents and the Participant receiving the participating interest in the
Obligations, the Commitments, and the other rights and interests of the Originating Lender hereunder shall not constitute a “Lender” hereunder or under the other Loan Documents and the Originating Lender’s obligations under this
Agreement shall remain unchanged, (ii) the Originating Lender shall remain solely responsible for the performance of such obligations, (iii) Borrowers, Agents, and the Lenders shall continue to deal solely and directly with the Originating
Lender in connection with the Originating Lender’s rights and obligations under this Agreement and the other Loan Documents, (iv) no Lender shall transfer or grant any participating interest under which the Participant has the right to
approve any amendment to, or any consent or waiver with respect to, this Agreement or any other Loan Document, except to the extent such amendment to, or consent or waiver with respect to this Agreement or of any other Loan Document would
(A) extend the final maturity date of the Obligations hereunder in which such Participant is participating, (B) reduce the interest rate applicable to the Obligations hereunder in which such Participant is participating, (C) release
all or substantially all of the Collateral or guaranties (except to the extent expressly provided herein or in any of the Loan Documents) supporting the Obligations hereunder in which such Participant is participating, (D) postpone the payment
of, or reduce the amount of, the interest or fees payable to such Participant through such Lender (other than a waiver of default interest), or (E) decreases the amount or postpones the due dates of scheduled principal repayments or prepayments
or premiums payable to such Participant through such Lender, and (v) all amounts payable by Borrowers hereunder shall be determined as if such Lender had not sold such participation, except that, if amounts outstanding under this Agreement are
due and unpaid, or shall have been declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of set off in respect of its participating interest in amounts owing
under this Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement. The rights of any Participant only shall be derivative through the Originating Lender with whom such
Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agents, 

  
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Borrowers, the Collections of Borrowers or their Subsidiaries, the Collateral, or otherwise in respect of the Obligations. No Participant shall have the right to participate directly in the
making of decisions by the Lenders among themselves. 
 (f) In connection with any such
assignment or participation or proposed assignment or participation or any grant of a security interest in, or pledge of, its rights under and interest in this Agreement, a Lender may, subject to the provisions of Section 17.9, disclose
all documents and information which it now or hereafter may have relating to Parent and its Subsidiaries and their respective businesses. 
 (g) Any other provision in this Agreement notwithstanding, any Lender may at any time create a security interest in, or pledge, all or any portion of its rights under and interest in this Agreement in
favor of any Federal Reserve Bank in accordance with Regulation A of the Federal Reserve Bank or U.S. Treasury Regulation 31 CFR §203.24, and such Federal Reserve Bank may enforce such pledge or security interest in any manner permitted under
applicable law. 
 (h) U.S. Agent (as a non-fiduciary agent on behalf of U.S. Borrowers) and
Canadian Agent (as a non-fiduciary agent on behalf of Canadian Borrowers) shall each maintain, or cause to be maintained, a register (each individually a “Register” and collectively, the “Registers”) on which it
enters the name and address of each U.S. Lender or Canadian Lender, as applicable, as the registered owner of its Commitments (and the principal amount thereof and stated interest thereon) held by such Lender (each, a “Registered
Loan”). Other than in connection with an assignment by a Lender of all or any portion of its portion of its Commitments to an Affiliate of such Lender or a Related Fund of such Lender (i) a Registered Loan (and the registered note, if
any, evidencing the same) may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register (and each registered note shall expressly so provide) and (ii) any assignment or sale of all or part of such
Registered Loan (and the registered note, if any, evidencing the same) may be effected only by registration of such assignment or sale on the applicable Register, together with the surrender of the registered note, if any, evidencing the same duly
endorsed by (or accompanied by a written instrument of assignment or sale duly executed by) the holder of such registered note, whereupon, at the request of the designated assignee(s) or transferee(s), one or more new registered notes in the same
aggregate principal amount shall be issued to the designated assignee(s) or transferee(s). Prior to the registration of assignment or sale of any Registered Loan (and the registered note, if any evidencing the same), Borrowers shall treat the Person
in whose name such Registered Loan (and the registered note, if any, evidencing the same) is registered as the owner thereof for the purpose of receiving all payments thereon and for all other purposes, notwithstanding notice to the contrary. In the
case of any assignment by a Lender of all or any portion of its Commitments to an Affiliate of such Lender or a Related Fund of such Lender, and which assignment is not recorded in the applicable Register, the assigning Lender, on behalf of the
applicable Borrowers, shall maintain a register comparable to the applicable Register. 
 (i) In
the event that a Lender sells participations in the Registered Loan, such Lender, as a non-fiduciary agent on behalf of the applicable Borrowers, shall maintain (or cause to be maintained) a register on which it enters the name of all participants
in the Registered Loans held by it (and the principal amount (and stated interest thereon) of the portion of such 

  
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Registered Loans that is subject to such participations) (a “Participant Register”). A Registered Loan (and the registered note, if any, evidencing the same) may be participated
in whole or in part only by registration of such participation on the Participant Register (and each registered note shall expressly so provide). Any participation of such Registered Loan (and the registered note, if any, evidencing the same) may be
effected only by the registration of such participation on the Participant Register. 
 (j) Each
Agent shall make a copy of its Register (and each Lender shall make a copy of its Participant Register to the extent it has one) available for review by the applicable Borrowers from time to time as such Borrowers may reasonably request. 

13.2 Successors. This Agreement shall bind and inure to the benefit of the respective successors and
assigns of each of the parties; provided, however, that Borrowers may not assign this Agreement or any rights or duties hereunder without the Lenders’ prior written consent and any prohibited assignment shall be absolutely void
ab initio. No consent to assignment by the Lenders shall release Borrowers from their Obligations. A Lender may assign this Agreement and the other Loan Documents and its rights and duties hereunder and thereunder pursuant to
Section 13.1 and, except as expressly required pursuant to Section 13.1, no consent or approval by Parent is required in connection with any such assignment. 

 

	 14.
	 AMENDMENTS; WAIVERS. 

 14.1 Amendments and Waivers. 

(a) No amendment, waiver or other modification of any provision of this Agreement or any other Loan
Document (other than Bank Product Agreements or the Fee Letter), and no consent with respect to any departure by Borrowers therefrom, shall be effective unless the same shall be in writing and signed by the Required Lenders (or by Agents at the
written request of the Required Lenders) and the Loan Parties that are party thereto and then any such waiver or consent shall be effective, but only in the specific instance and for the specific purpose for which given; provided,
however, that no such waiver, amendment, or consent shall, unless in writing and signed by all of the Lenders directly affected thereby and all of the Loan Parties that are party thereto, do any of the following: 

(i) increase the amount of or extend the expiration date of any Commitment of any Lender, modify the
Commitment of any Lender from being in Dollars to Canadian Dollars or being in Canadian Dollars to Dollars, or amend, modify, or eliminate the last sentence of Section 2.4(c), 

(ii) postpone or delay any date fixed by this Agreement or any other Loan Document for any payment of
principal, interest, fees, or other amounts due hereunder or under any other Loan Document, 

(iii) reduce the principal of, or the rate of interest on, any loan or other extension of credit
hereunder, or reduce any fees or other amounts payable hereunder or under any other Loan Document (except (y) in connection with the waiver of applicability of Section 2.6(c) (which waiver shall be effective with the written consent
of the Required Lenders), and (z) that any amendment or modification of defined terms used in the financial covenant in this 

  
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Agreement shall not constitute a reduction in the rate of interest or a reduction of fees for purposes of this clause (iii)), 

(iv) amend, modify, or eliminate this Section or any provision of this Agreement providing for consent or
other action by all Lenders, 
 (v) amend, modify, or eliminate Section 15.11,

 (vi) other than as permitted by Section 15.11, release any Agent’s Lien in
and to any of the Collateral, 
 (vii) amend, modify, or eliminate the definition of
“Required Lenders”, “Required U.S. Lenders”, “Required Canadian Lenders” or “Pro Rata Share”, 
 (viii) contractually subordinate any of Agents’ Liens, 
 (ix) other than in connection with a merger, liquidation, dissolution or sale of such Person expressly permitted by the terms hereof or the other Loan Documents, release any Borrower or any Guarantor from
any obligation for the payment of money or consent to the assignment or transfer by any Borrower or any Guarantor of any of its rights or duties under this Agreement or the other Loan Documents, 

(x) amend, modify, or eliminate any of the provisions of Section 2.4(b)(i),
(ii) or (iii) or Section 2.4(e) or (f), 
 (xi) amend,
modify, or eliminate any of the provisions of Section 13.1(a) to permit a Loan Party, an Affiliate of a Loan Party, ValueAct Capital, or an Affiliate of ValueAct Capital to be permitted to become an Assignee, or 

(xii) amend, modify, or eliminate the definition of U.S. Borrowing Base or Canadian Borrowing Base or any
of the defined terms (including the definition of Eligible Accounts) that are used in such definition to the extent that any such change results in more credit being made available to any Borrower based upon the U.S. Borrowing Base or Canadian
Borrowing Base, as applicable, but not otherwise, or the definitions of Maximum Revolver Amount, U.S. Maximum Revolver Amount or Maximum Canadian Revolver Amount, or change Section 2.2(c), 

(b) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive (i) the
definition of, or any of the terms or provisions of, the Fee Letter, without the written consent of Agents and Parent (and shall not require the written consent of any of the Lenders), and (ii) any provision of Section 15 pertaining
to Agents, or any other rights or duties of Agents under this Agreement or the other Loan Documents, without the written consent of Agents, Borrowers, and the Required Lenders, 

(c) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any
provision of this Agreement or the other Loan Documents pertaining to Canadian Lenders, or any other rights or duties of Canadian Lenders under this Agreement or the other Loan Documents, without the written consent of Required Canadian Lenders,
Agents and Borrowers, 

  
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 (d) No amendment, waiver, modification, elimination, or
consent shall amend, modify, or waive any provision of this Agreement or the other Loan Documents pertaining to U.S. Issuing Lender, or any other rights or duties of U.S. Issuing Lender under this Agreement or the other Loan Documents, without the
written consent of U.S. Issuing Lender, U.S. Agent, Borrowers, and the Required Lenders, 
 (e)
No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other Loan Documents pertaining to Canadian Issuing Lender, or any other rights or duties of Canadian Issuing Lender
under this Agreement or the other Loan Documents, without the written consent of Canadian Issuing Lender, Agents and Borrowers, 
 (f) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other Loan Documents pertaining to U.S. Swing Lender, or any other
rights or duties of U.S. Swing Lender under this Agreement or the other Loan Documents, without the written consent of U.S. Swing Lender, U.S. Agent, Borrowers, and the Required Lenders, 

(g) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any
provision of this Agreement or the other Loan Documents pertaining to Canadian Swing Lender, or any other rights or duties of Canadian Swing Lender under this Agreement or the other Loan Documents, without the written consent of Canadian Swing
Lender, Agents and Borrowers, 
 (h) Anything in this Section 14.1 to the contrary
notwithstanding, (i) any amendment, modification, elimination, waiver, consent, termination, or release of, or with respect to, any provision of this Agreement or any other Loan Document that relates only to the relationship of the Lender Group
among themselves, and that does not affect the rights or obligations of Borrowers, shall not require consent by or the agreement of any Loan Party, and (ii) any amendment, waiver, modification, elimination, or consent of or with respect to any
provision of this Agreement or any other Loan Document may be entered into without the consent of, or over the objection of, any Defaulting Lender; 

(i) Anything in this Section 14.1 to the contrary notwithstanding, (i) the Required
Canadian Lenders, with the consent of Canadian Agent, but not the Required U.S. Lenders or U.S. Agent, may enter into any amendment, modification, elimination or consent or amend, modify or waive any default that pertains solely to Canadian Advances
or the Canadian Collateral, and (ii) the Required U.S. Lenders, with the consent of U.S. Agent, but not the Required Canadian Lenders or Canadian Agent, may enter into any amendment, modification, elimination or consent or amend, modify or
waive any default that pertains solely to U.S. Advances or the U.S. Collateral. 
 14.2 Replacement
of Certain Lenders. 
 (a) If (i) any action to be taken by the Lender Group or any
Agent hereunder requires the consent, authorization, or agreement of all Lenders or all Lenders affected thereby and if such action has received the consent, authorization, or agreement of the Required Lenders but not of all Lenders or all Lenders
affected thereby, or (ii) any Lender makes a claim for 

  
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compensation under Section 16, then Borrowers or U.S. Agent, upon at least 5 Business Days prior irrevocable notice, may permanently replace any Lender that failed to give its
consent, authorization, or agreement (a “Holdout Lender”) or any Lender that made a claim for compensation (a “Tax Lender”) with one or more Replacement Lenders, and the Holdout Lender or Tax Lender, as applicable,
shall have no right to refuse to be replaced hereunder. Such notice to replace the Holdout Lender or Tax Lender, as applicable, shall specify an effective date for such replacement, which date shall not be later than 15 Business Days after the date
such notice is given. 
 (b) Prior to the effective date of such replacement, the Holdout Lender
or Tax Lender, as applicable, and each Replacement Lender shall execute and deliver an Assignment and Acceptance, subject only to the Holdout Lender or Tax Lender, as applicable, being repaid in full its share of the outstanding Obligations (without
any premium or penalty of any kind whatsoever, but including (i) all interest, fees and other amounts that may be due and payable in respect thereof, and (ii) an assumption of its Pro Rata Share of participations in the Letters of Credit).
If the Holdout Lender or Tax Lender, as applicable, shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement, U.S. Agent may, but shall not be required to, execute and deliver
such Assignment and Acceptance in the name or and on behalf of the Holdout Lender or Tax Lender, as applicable, and irrespective of whether U.S. Agent executes and delivers such Assignment and Acceptance, the Holdout Lender or Tax Lender, as
applicable, shall be deemed to have executed and delivered such Assignment and Acceptance. The replacement of any Holdout Lender or Tax Lender, as applicable, shall be made in accordance with the terms of Section 13.1. Until such time as
one or more Replacement Lenders shall have acquired all of the Obligations, the Commitments, and the other rights and obligations of the Holdout Lender or Tax Lender, as applicable, hereunder and under the other Loan Documents, the Holdout Lender or
Tax Lender, as applicable, shall remain obligated to make the Holdout Lender’s or Tax Lender’s, as applicable, Pro Rata Share of Advances and to purchase a participation in each Letter of Credit, in an amount equal to its Pro Rata Share of
such Letters of Credit. 
 14.3 No Waivers; Cumulative Remedies. No failure by any Agent or any
Lender to exercise any right, remedy, or option under this Agreement or any other Loan Document, or delay by any Agent or any Lender in exercising the same, will operate as a waiver thereof. No waiver by any Agent or any Lender will be effective
unless it is in writing, and then only to the extent specifically stated. No waiver by any Agent or any Lender on any occasion shall affect or diminish any Agent’s and each Lender’s rights thereafter to require strict performance by
Borrowers of any provision of this Agreement. Each Agent’s and each Lender’s rights under this Agreement and the other Loan Documents will be cumulative and not exclusive of any other right or remedy that any Agent or any Lender may have.

  

	 15.
	 AGENTS; THE LENDER GROUP. 

 15.1 Appointment and Authorization of Agents. (i) Each U.S. Lender hereby designates and appoints WFCF as its representative as U.S. Agent and (ii) Each Canadian Lender
hereby designates and appoints WFCFCC as its representative and Canadian Agent, in each case, under this Agreement and the other Loan Documents and each Lender hereby irrevocably authorizes (and by entering into a Bank Product Agreement, each Bank
Product Provider shall be 

  
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deemed to designate, appoint, and authorize) each Agent to execute and deliver each of the other Loan Documents on its behalf and to take such other action on its behalf under the provisions of
this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to such Agent by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. U.S. Agent agrees to act as agent for and on behalf of the U.S. Lenders (and the U.S. Bank Product Providers) on the conditions contained in this Section 15 and Canadian Agent agrees to act as agent for and on behalf
of the Canadian Lenders (and the Canadian Bank Product Providers) on the conditions contained in this Section 15. Any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document notwithstanding, no Agent
shall not have any duties or responsibilities, except those expressly set forth herein or in the other Loan Documents, nor shall any Agent have or be deemed to have any fiduciary relationship with any Lender (or Bank Product Provider), 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 any Agent. Without limiting the generality of the foregoing, the use of the
term “agent” in this Agreement or the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such
term is used merely as a matter of market custom, and is intended to create or reflect only a representative relationship between independent contracting parties. Each Lender hereby further authorizes (and by entering into a Bank Product Agreement,
each Bank Product Provider shall be deemed to authorize) U.S. Agent and Canadian Agent, as applicable, to act as the secured party under each of the Loan Documents that create a Lien on any item of Collateral. Except as expressly otherwise provided
in this Agreement, each Agent shall have and may use its sole discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining from taking any actions that such Agent expressly is entitled to take
or assert under or pursuant to this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, or of any other provision of the Loan Documents that provides rights or powers to Agents, Lenders agree that Agents shall
have the right to exercise the following powers as long as this Agreement remains in effect: (a) maintain, in accordance with its customary business practices, ledgers and records reflecting the status of the Obligations, the Collateral, the
Collections of Parent and its Subsidiaries, and related matters, (b) execute or file any and all financing or similar statements or notices, amendments, renewals, supplements, documents, instruments, proofs of claim, notices and other written
agreements with respect to the Loan Documents, (c) make Advances, for itself or on behalf of the applicable Lenders, as provided in the Loan Documents, (d) exclusively receive, apply, and distribute the Collections of Parent and its
Subsidiaries as provided in the Loan Documents, (e) open and maintain such bank accounts and cash management arrangements as such Agent deems necessary and appropriate in accordance with the Loan Documents for the foregoing purposes with
respect to the Collateral and the Collections of Parent and its Subsidiaries, (f) perform, exercise, and enforce any and all other rights and remedies of the Lender Group with respect to Parent or its Subsidiaries, the Obligations, the
Collateral, the Collections of Parent and its Subsidiaries, or otherwise related to any of same as provided in the Loan Documents, and (g) incur and pay such Lender Group Expenses as such Agent may deem necessary or appropriate for the
performance and fulfillment of its functions and powers pursuant to the Loan Documents. 

  
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 15.2 Delegation of Duties. Each Agent may execute any of its
duties under this Agreement or any other Loan Document by or through agents, employees or attorneys in fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall not be responsible for the
negligence or misconduct of any agent or attorney in fact that it selects as long as such selection was made without gross negligence or willful misconduct. 
 15.3 Liability of Agent. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or
any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders (or Bank Product Providers) for any recital, statement,
representation or warranty made by Parent or any of its Subsidiaries or Affiliates, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement or other document referred to
or provided for in, or received by any Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any
failure of Parent or its Subsidiaries or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lenders (or Bank Product Providers) 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 books and records or properties of Parent or its Subsidiaries. 

15.4 Reliance by Agent. Each Agent shall be entitled to rely, and shall be fully protected in relying, upon
any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, telefacsimile or other electronic method of transmission, telex or telephone message, statement 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 Borrowers or counsel to any Lender), independent accountants and other experts selected by any
Agent. Each Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless such Agent shall first receive such advice or concurrence of the Lenders as it deems appropriate and until
such instructions are received, such Agent shall act, or refrain from acting, as it deems advisable. If an Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Lenders (and, if it so elects, the Bank Product
Providers) against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement
or any other Loan Document in accordance with a request or consent of the Required Lenders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders (and Bank Product Providers). 

15.5 Notice of Default or Event of Default. No Agent shall be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default, except with respect to defaults in the payment of principal, interest, fees, and expenses required to be paid to such Agent for the account of the Lenders and, except with respect to Events of Default
of which such Agent has actual knowledge, unless such Agent shall have received written notice from a Lender or Borrowers referring to this Agreement, describing such Default or Event of Default, and stating that such notice is a “notice of
default.” Each Agent promptly will notify the Lenders of 

  
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its receipt of any such notice or of any Event of Default of which such Agent has actual knowledge. If any Lender obtains actual knowledge of any Event of Default, such Lender promptly shall
notify the other Lenders and Agents of such Event of Default. Each Lender shall be solely responsible for giving any notices to its Participants, if any. Subject to Section 15.4, each Agent shall take such action with respect to such
Default or Event of Default as may be requested by the Required Lenders in accordance with Section 9; provided, however, that unless and until such Agent has received any such request, such 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. 
 15.6 Credit Decision. Each Lender (and Bank Product Provider) acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by any Agent
hereinafter taken, including any review of the affairs of Parent and its Subsidiaries or Affiliates, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender (or Bank Product Provider). Each Lender
represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) to each Agent that it has, independently and without reliance upon any Agent-Related Person and based on such due diligence,
documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of Borrowers or any other Person party to a
Loan Document, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to Borrowers. Each Lender also represents (and by entering into a
Bank Product Agreement, each Bank Product Provider shall be deemed to represent) that it will, independently and without reliance upon any Agent-Related Person 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 investigations as it deems necessary to inform itself as to the business,
prospects, operations, property, financial and other condition and creditworthiness of Borrowers or any other Person party to a Loan Document. Except for notices, reports, and other documents expressly herein required to be furnished to the Lenders
by an Agent, no Agent shall not have any duty or responsibility to provide any Lender (or Bank Product Provider) with any credit or other information concerning the business, prospects, operations, property, financial and other condition or
creditworthiness of Borrowers or any other Person party to a Loan Document that may come into the possession of any of the Agent-Related Persons. Each Lender acknowledges (and by entering into a Bank Product Agreement, each Bank Product Provider
shall be deemed to acknowledge) that Agent does not have any duty or responsibility, either initially or on a continuing basis (except to the extent, if any, that is expressly specified herein) to provide such Lender (or Bank Product Provider) with
any credit or other information with respect to Borrowers, their Affiliates or any of their respective business, legal, financial or other affairs, and irrespective of whether such information came into Agent’s or its Affiliates’ or
representatives’ possession before or after the date on which such Lender became a party to this Agreement (or such Bank Product Provider entered into a Bank Product Agreement). 

15.7 Costs and Expenses; Indemnification. Each Agent may incur and pay Lender Group Expenses to the extent
such Agent reasonably deems necessary or appropriate for the performance and fulfillment of its functions, powers, and obligations pursuant to the Loan 

  
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Documents, including court costs, attorneys fees and expenses, fees and expenses of financial accountants, advisors, consultants, and appraisers, costs of collection by outside collection
agencies, auctioneer fees and expenses, and costs of security guards or insurance premiums paid to maintain the Collateral, whether or not Borrowers are obligated to reimburse such Agent or Lenders for such expenses pursuant to this Agreement or
otherwise. Each Agent is authorized and directed to deduct and retain sufficient amounts from the Collections of Parent and its Subsidiaries received by such Agent to reimburse such Agent for such out-of-pocket costs and expenses prior to the
distribution of any amounts to Lenders (or Bank Product Providers). In the event an Agent is not reimbursed for such costs and expenses by Parent or its Subsidiaries, each Lender hereby agrees that it is and shall be obligated to pay to such Agent
such Lender’s ratable thereof. Whether or not the transactions contemplated hereby are consummated, each of the Lenders, on a ratable basis, shall indemnify and defend the Agent-Related Persons (to the extent not reimbursed by or on behalf of
Borrowers and without limiting the obligation of Borrowers to do so) from and against any and all Indemnified Liabilities; provided, however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of
such Indemnified Liabilities resulting solely from such Person’s gross negligence or willful misconduct nor shall any Lender be liable for the obligations of any Defaulting Lender in failing to make an Advance or other extension of credit
hereunder. Without limitation of the foregoing, each Lender shall reimburse each Agent upon demand for such Lender’s ratable share of any costs or out of pocket expenses (including attorneys, accountants, advisors, and consultants fees and
expenses) incurred by such Agent in connection with the preparation, execution, delivery, administration, modification, amendment, or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights
or responsibilities under, this Agreement or any other Loan Document to the extent that such Agent is not reimbursed for such expenses by or on behalf of Borrowers. The undertaking in this Section shall survive the payment of all Obligations
hereunder and the resignation or replacement of such Agent. 
 15.8 Agent in Individual Capacity.
WFCF, WFCFCC and any of their Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, provide Bank Products to, acquire equity interests in, and generally engage in any kind of banking, trust, financial
advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates and any other Person party to any Loan Document as though WFCF and WFCFCC were not Agents hereunder, and, in each case, without notice to or consent of the
other members of the Lender Group. The other members of the Lender Group acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, WFCF, WFCFCC or their
Affiliates may receive information regarding Borrowers or their Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of Borrowers or such other Person and that prohibit the disclosure of
such information to the Lenders (or Bank Product Providers), and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a
waiver of such confidentiality obligations, which waiver Agents will use their reasonable best efforts to obtain), Agents shall not be under any obligation to provide such information to them. The terms “Lender” and “Lenders”
include WFCF and WFCFCC in its individual capacity. 
 15.9 Successor Agent. U.S. Agent may resign
as U.S. Agent upon 30 days prior written notice to the U.S. Lenders (unless such notice is waived by the Required U.S. Lenders) 

  
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and U.S. Borrowers (unless such notice is waived by U.S. Borrowers) and without any notice to the U.S. Bank Product Providers. Canadian Agent may resign as Canadian Agent upon 30 days prior
written notice to the Canadian Lenders (unless such notice is waived by the Required Canadian Lenders) and Canadian Borrowers (unless such notice is waived by Canadian Borrowers) and without any notice to the Canadian Bank Product Providers. If U.S.
Agent resigns under this Agreement, the Required U.S. Lenders shall be entitled, with (so long as no Event of Default has occurred and is continuing) the consent of U.S. Borrowers (such consent not to be unreasonably withheld, delayed, or
conditioned), appoint a successor U.S. Agent for the U.S. Lenders (and the U.S. Bank Product Providers). If Canadian Agent resigns under this Agreement, the Required Canadian Lenders shall be entitled, with (so long as no Event of Default has
occurred and is continuing) the consent of Canadian Borrowers (such consent not to be unreasonably withheld, delayed, or conditioned), appoint a successor Canadian Agent for the Canadian Lenders (and the Canadian Bank Product Providers). If, at the
time that such Agent’s resignation is effective, it is acting as an Issuing Lender or a Swing Lender, such resignation shall also operate to effectuate its resignation as such Issuing Lender or such Swing Lender, as applicable, and it shall
automatically be relieved of any further obligation to issue Letters of Credit, to cause the Underlying Issuer to issue Letters of Credit, or to make Swing Loans. If no successor Agent is appointed prior to the effective date of the resignation of
such Agent, such Agent may appoint, after consulting with the applicable Lenders and applicable Borrowers, a successor Agent. If such Agent has materially breached or failed to perform any material provision of this Agreement or of applicable law,
the Required U.S. Lenders or Canadian Lenders, as applicable, may agree in writing to remove and replace such Agent with a successor Agent from among the applicable Lenders with (so long as no Event of Default has occurred and is continuing) the
consent of the applicable Borrowers (such consent not to be unreasonably withheld, delayed, or conditioned). In any such event, upon the acceptance of its appointment as successor Agent hereunder, such successor Agent shall succeed to all the
rights, powers, and duties of the retiring Agent and the term “Agent” shall mean such successor Agent and the retiring Agent’s appointment, powers, and duties as Agent shall be terminated. After any retiring Agent’s resignation
hereunder as Agent, the provisions of this Section 15 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement. If no successor Agent has accepted appointment as Agent by the
date which is 30 days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective and the applicable Lenders shall perform all of the duties of such Agent hereunder
until such time, if any, as the applicable Lenders appoint a successor Agent as provided for above. 
 15.10
Lender in Individual Capacity. Any Lender and its respective Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, provide Bank Products to, acquire equity interests in and generally engage in
any kind of banking, trust, financial advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates and any other Person party to any Loan Documents as though such Lender were not a Lender hereunder without notice to or
consent of the other members of the Lender Group (or the Bank Product Providers). The other members of the Lender Group acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that,
pursuant to such activities, such Lender and its respective Affiliates may receive information regarding Borrowers or their Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of
Borrowers or such other Person and that prohibit 

  
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the disclosure of such information to the Lenders, and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in
such circumstances (and in the absence of a waiver of such confidentiality obligations, which waiver such Lender will use its reasonable best efforts to obtain), such Lender shall not be under any obligation to provide such information to them.

 15.11 Collateral Matters. 

(a) Release of Collateral. 

(i) The U.S. Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each
U.S. Bank Product Provider shall be deemed to authorize) U.S. Agent to release any Lien on any U.S. Collateral (i) upon the termination of the Commitments of U.S. Lenders and payment and satisfaction in full by U.S. Borrowers of all of the U.S.
Obligations, (ii) constituting property being sold or disposed of if a release is required or desirable in connection therewith and if U.S. Borrowers certify to U.S. Agent that the sale or disposition is permitted under Section 6.4
(and U.S. Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting property in which Parent and its Subsidiaries owned no interest at the time U.S. Agent’s Lien was granted nor at any time
thereafter, or (iv) constituting property leased to Parent or its Subsidiaries under a lease that has expired or is terminated in a transaction permitted under this Agreement. The U.S. Borrowers, the U.S. Guarantors and the U.S. Lenders hereby
irrevocably authorize (and by entering into a Bank Product Agreement, each U.S. Bank Product Provider shall be deemed to authorize) U.S. Agent, based upon the instruction of the Required U.S. Lenders, to (a) consent to, credit bid or purchase
(either directly or through one or more acquisition vehicles) all or any portion of the U.S. Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code, including under Section 363 of the Bankruptcy Code,
(b) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the U.S. Collateral at any sale or other disposition thereof conducted under the provisions of the Code, including pursuant to
Sections 9-610 or 9-620 of the Code, or (c) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the U.S. Collateral at any other sale or foreclosure conducted by U.S. Agent (whether by
judicial action or otherwise) in accordance with applicable law. In connection with any such credit bid or purchase, the U.S. Obligations owed to the U.S. Lenders and the U.S. Bank Product Providers shall be entitled to be, and shall be, credit bid
on a ratable basis (with U.S. Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation thereof would not unduly delay the ability of U.S. Agent to credit bid or purchase at such sale
or other disposition of the U.S. Collateral and, if such claims cannot be estimated without unduly delaying the ability of U.S. Agent to credit bid, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the asset
or assets purchased by means of such credit bid) and the U.S. Lenders and the U.S. Bank Product Providers whose U.S. Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their U.S. Obligations
credit bid in relation to the aggregate amount of U.S. Obligations so credit bid) in the asset or assets so purchased (or in the Stock of the acquisition vehicle or vehicles that are used to consummate such purchase). Except as provided above, U.S.
Agent will not execute and deliver a release of any Lien on any U.S. Collateral without the prior written authorization of (y) if the release is of all or substantially all of the U.S. Collateral, all of the U.S. Lenders (without requiring the

  
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authorization of the U.S. Bank Product Providers), or (z) otherwise, the Required U.S. Lenders (without requiring the authorization of the U.S. Bank Product Providers). Upon request by U.S.
Agent or U.S. Borrowers at any time, the U.S. Lenders will (and if so requested, the U.S. Bank Product Providers will) confirm in writing U.S. Agent’s authority to release any such Liens on particular types or items of U.S. Collateral pursuant
to this Section 15.11; provided, however, that (1) U.S. Agent shall not be required to execute any document necessary to evidence such release on terms that, in U.S. Agent’s opinion, would expose U.S. Agent to
liability or create any obligation or entail any consequence other than the release of such Lien without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the U.S. Obligations or
any Liens (other than those expressly being released) upon (or obligations of U.S. Borrowers in respect of) all interests retained by U.S. Borrowers, including, the proceeds of any sale, all of which shall continue to constitute part of the U.S.
Collateral. The U.S. Lenders further hereby irrevocably authorize (and by entering into a Bank Product Agreement, each U.S. Bank Product Provider shall be deemed to authorize) U.S. Agent, at its option and in its sole discretion, to subordinate any
Lien granted to or held by U.S. Agent under any Loan Document to the holder of any Permitted Lien on such property if such Permitted Lien secures Permitted Purchase Money Indebtedness. 

(ii) The Canadian Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement,
each Canadian Bank Product Provider shall be deemed to authorize) Canadian Agent to release any Lien on any Canadian Collateral (i) upon the termination of the Commitments of Canadian Lenders and payment and satisfaction in full by Canadian
Borrowers of all of the Canadian Obligations, (ii) constituting property being sold or disposed of if a release is required or desirable in connection therewith and if Canadian Borrowers certify to Canadian Agent that the sale or disposition is
permitted under Section 6.4 (and Canadian Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting property in which Parent and its Subsidiaries owned no interest at the time Canadian
Agent’s Lien was granted nor at any time thereafter, or (iv) constituting property leased to Parent or its Subsidiaries under a lease that has expired or is terminated in a transaction permitted under this Agreement. The Canadian
Borrowers, the Canadian Guarantors and the Canadian Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Canadian Bank Product Provider shall be deemed to authorize) Canadian Agent, based upon the instruction of
the Required Canadian Lenders, to (a) consent to, credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the Canadian Collateral at any sale thereof conducted under the provisions of the
Bankruptcy Code, including under Section 363 of the Bankruptcy Code, (b) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the Canadian Collateral at any sale or other disposition
thereof conducted under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code, or (c) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the Canadian
Collateral at any other sale or foreclosure conducted by Canadian Agent (whether by judicial action or otherwise) in accordance with applicable law. In connection with any such credit bid or purchase, the Canadian Obligations owed to the Canadian
Lenders and the Canadian Bank Product Providers shall be entitled to be, and shall be, credit bid on a ratable basis (with Canadian Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or
liquidation thereof would not unduly delay the ability of Canadian Agent to credit bid or purchase at such sale or other disposition of the Canadian Collateral and, if such claims cannot 

  
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be estimated without unduly delaying the ability of Canadian Agent to credit bid, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the asset or assets
purchased by means of such credit bid) and the Canadian Lenders and the Canadian Bank Product Providers whose Canadian Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their Canadian Obligations
credit bid in relation to the aggregate amount of Canadian Obligations so credit bid) in the asset or assets so purchased (or in the Stock of the acquisition vehicle or vehicles that are used to consummate such purchase). Except as provided above,
Canadian Agent will not execute and deliver a release of any Lien on any Canadian Collateral without the prior written authorization of (y) if the release is of all or substantially all of the Canadian Collateral, all of the Canadian Lenders
(without requiring the authorization of the Canadian Bank Product Providers), or (z) otherwise, the Required Canadian Lenders (without requiring the authorization of the Canadian Bank Product Providers). Upon request by Canadian Agent or
Canadian Borrowers at any time, the Canadian Lenders will (and if so requested, the Canadian Bank Product Providers will) confirm in writing Canadian Agent’s authority to release any such Liens on particular types or items of Canadian
Collateral pursuant to this Section 15.11; provided, however, that (1) Canadian Agent shall not be required to execute any document necessary to evidence such release on terms that, in Canadian Agent’s opinion,
would expose Canadian Agent to liability or create any obligation or entail any consequence other than the release of such Lien without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or
impair the Canadian Obligations or any Liens (other than those expressly being released) upon (or obligations of Canadian Borrowers in respect of) all interests retained by Canadian Borrowers, including, the proceeds of any sale, all of which shall
continue to constitute part of the Canadian Collateral. The Canadian Lenders further hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Canadian Bank Product Provider shall be deemed to authorize) Canadian Agent, at
its option and in its sole discretion, to subordinate any Lien granted to or held by Canadian Agent under any Loan Document to the holder of any Permitted Lien on such property if such Permitted Lien secures Permitted Purchase Money Indebtedness.

 (b) No Agent shall have any obligation whatsoever to any of the Lenders (or the Bank Product
Providers) to assure that the Collateral exists or is owned by Parent or its Subsidiaries or is cared for, protected, or insured or has been encumbered, or that such Agent’s Liens have been properly or sufficiently or lawfully created,
perfected, protected, or enforced or are entitled to any particular priority, or that any particular items of Collateral meet the eligibility criteria applicable in respect thereof or whether to impose, maintain, reduce, or eliminate any particular
reserve hereunder or whether the amount of any such reserve is appropriate or not, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and
powers granted or available to such Agent pursuant to any of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms and conditions contained herein,
each Agent may act in any manner it may deem appropriate, in its sole discretion given such Agent’s own interest in the Collateral in its capacity as one of the Lenders and that such Agent shall have no other duty or liability whatsoever to any
Lender (or Bank Product Provider) as to any of the foregoing, except as otherwise provided herein. 

  
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 15.12 Restrictions on Actions by Lenders; Sharing of Payments.

 (a) Each of the U.S. Lenders agrees that it shall not, without the express written consent of
U.S. Agent, and that it shall, to the extent it is lawfully entitled to do so, upon the written request of U.S. Agent, set off against the U.S. Obligations, any amounts owing by such U.S. Lender to U.S. Borrowers or their Subsidiaries or any deposit
accounts of U.S. Borrowers or their Subsidiaries now or hereafter maintained with such U.S. Lender. Each of the U.S. Lenders further agrees that it shall not, unless specifically requested to do so in writing by U.S. Agent, take or cause to be taken
any action, including, the commencement of any legal or equitable proceedings to enforce any Loan Document against any U.S. Borrower or any U.S. Guarantor or to foreclose any Lien on, or otherwise enforce any security interest in, any of the U.S.
Collateral. Each of the Canadian Lenders agrees that it shall not, without the express written consent of Canadian Agent, and that it shall, to the extent it is lawfully entitled to do so, upon the written request of Canadian Agent, set off against
the Canadian Obligations, any amounts owing by such Canadian Lender to Canadian Borrowers or their Subsidiaries or any deposit accounts of Canadian Borrowers or their Subsidiaries now or hereafter maintained with such Canadian Lender. Each of the
Canadian Lenders further agrees that it shall not, unless specifically requested to do so in writing by Canadian Agent, take or cause to be taken any action, including, the commencement of any legal or equitable proceedings to enforce any Loan
Document against any Canadian Borrower or any Canadian Guarantor or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Canadian Collateral. 

(b) If, at any time or times any Lender shall receive (i) by payment, foreclosure, setoff, or
otherwise, any proceeds of Collateral or any payments with respect to the Obligations, except for any such proceeds or payments received by such Lender from the applicable Agent pursuant to the terms of this Agreement, or (ii) payments from the
applicable Agent in excess of such Lender’s Pro Rata Share of all such distributions by the applicable Agent, such Lender promptly shall (A) turn the same over to the applicable Agent, in kind, and with such endorsements as may be required
to negotiate the same to the applicable Agent, or in immediately available U.S. or Canadian funds, as applicable, as applicable, for the account of all of the Lenders and for application to the Obligations in accordance with the applicable
provisions of this Agreement, or (B) purchase, without recourse or warranty, an undivided interest and participation in the Obligations owed to the other Lenders so that such excess payment received shall be applied ratably as among the Lenders
in accordance with their Pro Rata Shares; provided, however, that to the extent that such excess payment received by the purchasing party is thereafter recovered from it, those purchases of participations shall be rescinded in whole or
in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing party, but without interest except to the extent that such purchasing party is required to pay interest in connection with
the recovery of the excess payment. 
 15.13 Agency for Perfection. Each Agent hereby appoints
each Lender (and each Bank Product Provider) as its agent (and each Lender hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting
Agent’s Liens in assets which, in accordance with Article 8 or Article 9, as applicable, of the Code or in respect of the applicable provisions of the PPSA or the Securities Transfer Act, 2006 (Alberta) can be perfected by possession or
control. 

  
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Should any Lender obtain possession or control of any such Collateral, such Lender shall notify the applicable Agent thereof, and, promptly upon such Agent’s request therefor shall deliver
possession or control of such Collateral to such Agent or in accordance with such Agent’s instructions. 

15.14 Payments by an Agent to the Lenders. All payments to be made by an Agent to the Lenders (or Bank
Product Providers) shall be made by bank wire transfer of immediately available U.S. or Canadian funds, as applicable, pursuant to such wire transfer instructions as each party may designate for itself by written notice to such Agent. Concurrently
with each such payment, such Agent shall identify whether such payment (or any portion thereof) represents principal, premium, fees, or interest of the Obligations. 

15.15 Concerning the Collateral and Related Loan Documents. Each member of the Lender Group authorizes and
directs each Agent to enter into this Agreement and the other Loan Documents. Each member of the Lender Group agrees (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to agree) that any action taken by an
Agent in accordance with the terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise by an Agent of its powers set forth therein or herein, together with such other powers that are reasonably incidental
thereto, shall be binding upon all of the Lenders (and such Bank Product Provider). 
 15.16 Audits and
Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information. By becoming a party to this Agreement, each Lender: 

(a) is deemed to have requested that each Agent furnish such Lender, promptly after it becomes available,
a copy of each field audit or examination report respecting Parent or its Subsidiaries (each, a “Report”) prepared by or at the request of such Agent, and such Agent shall so furnish each Lender with such Reports, 

(b) expressly agrees and acknowledges that such Agent does not (i) make any representation or
warranty as to the accuracy of any Report, and (ii) shall not be liable for any information contained in any Report, 
 (c) expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that such Agent or other party performing any audit or examination will inspect only specific
information regarding Parent and its Subsidiaries and will rely significantly upon Parent’s and its Subsidiaries’ books and records, as well as on representations of Borrowers’ personnel, 

(d) agrees to keep all Reports and other material, non-public information regarding Parent and its
Subsidiaries and their operations, assets, and existing and contemplated business plans in a confidential manner in accordance with Section 17.9, and 

(e) without limiting the generality of any other indemnification provision contained in this Agreement,
agrees: (i) to hold each Agent and any other Lender preparing a Report harmless from any action the indemnifying Lender may take or fail to take or any conclusion the indemnifying Lender may reach or draw from any Report in connection with any
loans or other credit accommodations that the indemnifying Lender has made or may make to 

  
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Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a loan or loans of Borrowers, and (ii) to pay and protect, and indemnify, defend
and hold each Agent, and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including, attorneys fees and costs) incurred by any Agent and any such other
Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender. 
 In addition to the foregoing: (x) any Lender may from time to time request of any Agent in writing that such Agent provide to such Lender a copy of any report or document provided by Parent or its
Subsidiaries to such Agent that has not been contemporaneously provided by Parent or such Subsidiary to such Lender, and, upon receipt of such request, such Agent promptly shall provide a copy of same to such Lender, (y) to the extent that such
Agent is entitled, under any provision of the Loan Documents, to request additional reports or information from Parent or its Subsidiaries, any Lender may, from time to time, reasonably request such Agent to exercise such right as specified in such
Lender’s notice to such Agent, whereupon such Agent promptly shall request of Borrowers the additional reports or information reasonably specified by such Lender, and, upon receipt thereof from Parent or such Subsidiary, such Agent promptly
shall provide a copy of same to such Lender, and (z) any time that such Agent renders to Borrowers a statement regarding a Loan Account, such Agent shall send a copy of such statement to each Lender. 

15.17 Several Obligations; No Liability. Notwithstanding that certain of the Loan Documents now or
hereafter may have been or will be executed only by or in favor of an Agent in its capacity as such, and not by or in favor of the Lenders, any and all obligations on the part of any Agent (if any) to make any credit available hereunder shall
constitute the several (and not joint) obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount of such credit not to exceed, in principal amount, at any one time outstanding, the amount
of their respective Commitments. Nothing contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the business, assets, profits, losses, or liabilities of any other Lender. Each
Lender shall be solely responsible for notifying its Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall have any obligation, duty, or liability to any Participant of any
other Lender. Except as provided in Section 15.7, no member of the Lender Group shall have any liability for the acts of any other member of the Lender Group. No Lender shall be responsible to Borrowers or any other Person for any
failure by any other Lender (or Bank Product Provider) to fulfill its obligations to make credit available hereunder, nor to advance for such Lender (or Bank Product Provider) or on its behalf, nor to take any other action on behalf of such Lender
(or Bank Product Provider) hereunder or in connection with the financing contemplated herein. 
  

	 16.
	 WITHHOLDING TAXES. 

 (a) All payments made by Borrowers hereunder or under any note or other Loan Document will be made without setoff, counterclaim, or other defense. In addition, all such payments will be made free and
clear of, and without deduction or withholding for, any present or future Taxes, and in the event any deduction or withholding of Taxes is required, such Taxes shall be deducted or withheld in accordance with applicable law and Borrowers shall

  
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comply with the next sentence of this Section 16(a). If any Taxes are so levied or imposed, Borrowers agree to pay the full amount of such Taxes to the relevant Governmental Authority
on a timely basis and Borrowers shall pay such additional amounts as may be necessary so that every payment of all amounts due under this Agreement, any note, or Loan Document, including any amount paid pursuant to this Section 16(a)
after withholding or deduction for or on account of any Taxes, will not be less than the amount that would have been paid had no such deduction or withholding been made. Borrowers will furnish to U.S. Agent as promptly as possible after the date the
payment of any Tax is due pursuant to applicable law, certified copies of tax receipts evidencing such payment by Borrowers. 
 (b) The U.S. Borrowers shall indemnify U.S. Agent and each U.S. Lender and the Canadian Borrowers shall indemnify Canadian Agent and each Canadian Lender, within 10 days after demand therefor, for the
full amount of any Taxes (including Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by such Agent or such Lender, as the case may be, and any penalties, interest and 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. A certificate as to the amount of such payment or liability delivered to the applicable Borrowers by a Lender (with
a copy to the relevant Agent), or by the relevant Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 
 (c) Borrowers agree to pay any present or future stamp, value added or documentary taxes or any other excise or property taxes, charges, or similar levies that arise from any payment made hereunder or
from the execution, delivery, performance, recordation, or filing of, or otherwise with respect to this Agreement or any other Loan Document. 
 (d) If a Lender or Participant is entitled to claim an exemption or reduction from United States withholding tax, such Lender or Participant agrees with and in favor of U.S. Agent, to deliver to U.S.
Agent (or, in the case of a Participant, to the Lender granting the participation only) one of the following before receiving its first payment under this Agreement: 

(i) if such Lender or Participant is entitled to claim an exemption from United States withholding tax
pursuant to the portfolio interest exception, (A) a statement of the Lender or Participant, signed under penalty of perjury, that it is not a (I) a “bank” as described in Section 881(c)(3)(A) of the IRC, (II) a 10%
shareholder of any Borrower (within the meaning of Section 871(h)(3)(B) of the IRC), or (III) a controlled foreign corporation related to any Borrower within the meaning of Section 864(d)(4) of the IRC, and (B) a properly
completed and executed IRS Form W-8BEN or Form W-8IMY (with proper attachments) or any successor thereto; 
 (ii) if such Lender or Participant is entitled to claim an exemption from, or a reduction of, withholding tax under a United States tax treaty, a properly completed and executed copy of IRS Form W-8BEN or
any successor thereto; 
 (iii) if such Lender or Participant is entitled to claim that interest
paid under this Agreement is exempt from United States withholding tax because it is effectively connected with a United States trade or business of such Lender, a properly completed and executed copy of IRS Form W-8ECI or any successor thereto;

  
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 (iv) if such Lender or Participant is entitled to claim that
interest paid under this Agreement is exempt from United States withholding tax because such Lender or Participant serves as an intermediary, a properly completed and executed copy of IRS Form W-8IMY (with proper attachments) or any successor
thereto; 
 (v) a properly completed and executed copy of any other form or forms, including IRS
Form W-9, as may be required under the IRC or other laws of the United States as a condition to exemption from, or reduction of, United States withholding or backup withholding tax; or 

(vi) executed originals of any other form prescribed by applicable laws as a basis for claiming exemption
from or a reduction in United States withholding tax together with such supplementary documentation as may be prescribed by applicable laws to permit the Borrowers or the Agents to determine the withholding or deduction required to be made.

 Each Lender or Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously
delivered forms and to promptly notify U.S. Agent (or, in the case of a Participant, to the Lender granting the participation only) of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 

(e) If a payment made to a Foreign Lender hereunder would be subject to withholding tax imposed by FATCA, such Foreign
Lender shall deliver to U.S. Borrowers, at the time or times prescribed by Law and at such time or times reasonably requested by U.S. Borrowers such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i)
of the IRC) and such additional documentation reasonably requested by U.S. Borrowers as may be necessary for U.S. Borrowers to comply with their obligations under FATCA, to determine that such Foreign Lender has complied with such Foreign
Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. 

(f) If a Lender or Participant claims an exemption from withholding tax in a jurisdiction other than the United States,
such Lender or such Participant agrees with and in favor of Agents, to deliver to Agents (or, in the case of a Participant, to the Lender granting the participation only) any such form or forms, as may be required under the laws of such jurisdiction
as a condition to exemption from, or reduction of, foreign withholding or backup withholding tax before receiving its first payment under this Agreement, but only if such Lender or such Participant is legally able to deliver such forms,
provided, however, that nothing in this Section 16(f) shall require a Lender or Participant to disclose any information that it deems to be confidential (including without limitation, its tax returns). Each Lender and each
Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered forms and to promptly notify Agents (or, in the case of a Participant, to the Lender granting the participation only) of any
change in circumstances which would modify or render invalid any claimed exemption or reduction. 
 (g) If a
Lender or Participant claims exemption from, or reduction of, withholding tax and such Lender or Participant sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Borrowers to such Lender or Participant,
such Lender or Participant agrees to notify Agents (or, in the case of a sale of a participation interest, 

  
 - 95 -

 
to the Lender granting the participation only) of the percentage amount in which it is no longer the beneficial owner of Obligations of Borrowers to such Lender or Participant. To the extent of
such percentage amount, Agents will treat such Lender’s or such Participant’s documentation provided pursuant to Section 16(d) or 16(f) as no longer valid. With respect to such percentage amount, such Participant or
Assignee may provide new documentation, pursuant to Section 16(d) or 16(f), if applicable. Borrowers agree that each Participant shall be entitled to the benefits of this Section 16 with respect to its participation in
any portion of the Commitments and the Obligations so long as such Participant complies with the obligations set forth in this Section 16 with respect thereto. 

(h) If a Lender or a Participant is entitled to a reduction in the applicable withholding tax, Agents (or, in the case of
a Participant, to the Lender granting the participation) may withhold from any interest payment to such Lender or such Participant an amount equivalent to the applicable withholding tax after taking into account such reduction. If the forms or other
documentation required by Section 16(d) or 16(f) are not delivered to Agents (or, in the case of a Participant, to the Lender granting the participation), then Agents (or, in the case of a Participant, to the Lender granting the
participation) may withhold from any interest payment to such Lender or such Participant not providing such forms or other documentation an amount equivalent to the applicable withholding tax. 

(i) If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that Agents
(or, in the case of a Participant, to the Lender granting the participation) did not properly withhold tax from amounts paid to or for the account of any Lender or any Participant due to a failure on the part of the Lender or any Participant
(because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify Agents (or such Participant failed to notify the Lender granting the participation) of a change in circumstances which rendered the
exemption from, or reduction of, withholding tax ineffective, or for any other reason) such Lender shall indemnify and hold Agents harmless (or, in the case of a Participant, such Participant shall indemnify and hold the Lender granting the
participation harmless) for all amounts paid, directly or indirectly, by Agents (or, in the case of a Participant, to the Lender granting the participation), as tax or otherwise, including penalties and interest, and including any taxes imposed by
any jurisdiction on the amounts payable to Agents (or, in the case of a Participant, to the Lender granting the participation only) under this Section 16, together with all costs and expenses (including attorneys fees and expenses). The
obligation of the Lenders and the Participants under this subsection shall survive the payment of all Obligations and the resignation or replacement of any Agent. 

(j) If any Agent or a Lender determines, in its reasonable discretion, that it has received a refund of any Taxes as to
which it has been indemnified by Borrowers or with respect to which Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such
refund to Borrowers (but only to the extent of payments made, or additional amounts paid, by Borrowers under this Section 16 with respect to Taxes giving rise to such a refund), net of all reasonable out-of-pocket expenses of such Agent
or such Lender and without interest (other than the after tax amount of any interest paid by the relevant Governmental Authority with respect to such a refund); provided, that Borrowers, upon the request of such Agent or such Lender, agrees to

  
 - 96 -

 
repay the amount paid over to Borrowers (plus any penalties, interest or other charges, imposed by the relevant Governmental Authority, other than such penalties, interest or other charges
imposed as a result of the willful misconduct or gross negligence of Agents hereunder) to such Agent or such Lender in the event such Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in
this Agreement to the contrary, this Section 16 shall not be construed to require any Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Borrowers or any other Person.

  

	 17.
	 GENERAL PROVISIONS. 

 17.1 Effectiveness. This Agreement shall be binding and deemed effective when executed by Borrowers, each Agent, and each Lender whose signature is provided for on the signature pages
hereof. 
 17.2 Section Headings. Headings and numbers have been set forth herein for convenience
only. Unless the contrary is compelled by the context, everything contained in each Section applies equally to this entire Agreement. 
 17.3 Interpretation. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against the Lender Group or any Borrower, whether under any rule of construction or
otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to accomplish fairly the purposes and intentions of all parties hereto.

 17.4 Severability of Provisions. Each provision of this Agreement shall be severable from every
other provision of this Agreement for the purpose of determining the legal enforceability of any specific provision. 
 17.5 Bank Product Providers. Each Bank Product Provider shall be deemed a third party beneficiary hereof and of the provisions of the other Loan Documents for purposes of any reference in a
Loan Document to the parties for whom the applicable Agent is acting. U.S. Agent hereby agrees to act as agent for such U.S. Bank Product Providers and Canadian Agent hereby agrees to act as agent for such Canadian Bank Product Providers and, by
virtue of entering into a Bank Product Agreement, the applicable Bank Product Provider shall be automatically deemed to have appointed such Agent as its agent and to have accepted the benefits of the Loan Documents; it being understood and agreed
that the rights and benefits of each Bank Product Provider under the Loan Documents consist exclusively of such Bank Product Provider’s being a beneficiary of the Liens and security interests (and, if applicable, guarantees) granted to such
Agent and the right to share in payments and collections out of the Collateral as more fully set forth herein. In addition, each Bank Product Provider, by virtue of entering into a Bank Product Agreement, shall be automatically deemed to have agreed
that Agents shall have the right, but shall have no obligation, to establish, maintain, relax, or release reserves in respect of the Bank Product Obligations and that if reserves are established there is no obligation on the part of Agents to
determine or insure whether the amount of any such reserve is appropriate or not. In connection with any such distribution of payments or proceeds of Collateral, Agents shall be entitled to assume no amounts are due or owing to any Bank Product
Provider unless such Bank Product Provider has provided a written certification (setting forth a reasonably detailed calculation) to the applicable Agent as to the amounts that are due and owing

  
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to it and such written certification is received by such Agent a reasonable period of time prior to the making of such distribution. No Agent shall have any obligation to calculate the amount due
and payable with respect to any Bank Products, but may rely upon the written certification of the amount due and payable from the relevant Bank Product Provider. In the absence of an updated certification, Agents shall be entitled to assume that the
amount due and payable to the relevant Bank Product Provider is the amount last certified to such Agent by such Bank Product Provider as being due and payable (less any distributions made to such Bank Product Provider on account thereof). Borrowers
may obtain Bank Products from any Bank Product Provider, although Borrowers are not required to do so. Borrowers acknowledge and agree that no Bank Product Provider has committed to provide any Bank Products and that the providing of Bank Products
by any Bank Product Provider is in the sole and absolute discretion of such Bank Product Provider. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no provider or holder of any Bank Product shall have any voting
or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder of such agreements or products or the Obligations owing thereunder, nor shall the consent of any such provider or holder be required (other
than in their capacities as Lenders, to the extent applicable) for any matter hereunder or under any of the other Loan Documents, including as to any matter relating to the Collateral or the release of Collateral or Guarantors. 

17.6 Debtor-Creditor Relationship. The relationship between the Lenders and Agents, on the one hand, and
the Loan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party arising out of or in connection with the Loan Documents
or the transactions contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the other hand, by virtue of any Loan Document or any transaction
contemplated therein. 
 17.7 Counterparts; Electronic Execution. This Agreement may be executed
in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement.
Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an executed
counterpart of this Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis. 
 17.8 Revival and Reinstatement of Obligations. If the incurrence or payment of the Obligations by any Borrower or Guarantor or the transfer to the Lender Group of any property should for any
reason subsequently be asserted, or declared, to be void or voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent conveyances, preferences, or other voidable or
recoverable payments of money or transfers of property (each, a “Voidable Transfer”), and if the Lender Group is required to repay or restore, in whole or in part, any such Voidable Transfer, or elects to do so upon the advice of
counsel, then, as to any such Voidable Transfer, or the amount thereof that the 

  
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Lender Group is required or elects to repay or restore, and as to all reasonable costs, expenses, and attorneys fees of the Lender Group related thereto, the liability of any Borrower or
Guarantor automatically shall be revived, reinstated, and restored and shall exist as though such Voidable Transfer had never been made. 
 17.9 Confidentiality. 
 (a) Agents
and Lenders each individually (and not jointly or jointly and severally) agree that material, non-public information regarding Parent and its Subsidiaries, their operations, assets, and existing and contemplated business plans (“Confidential
Information”) shall be treated by Agents and the Lenders in a confidential manner, and shall not be disclosed by Agents and the Lenders to Persons who are not parties to this Agreement, except: (i) to attorneys for and other advisors,
accountants, auditors, and consultants to any member of the Lender Group and to employees, directors and officers of any member of the Lender Group (the Persons in this clause (i), “Lender Group Representatives”) on a
“need to know” basis in connection with this Agreement and the transactions contemplated hereby and on a confidential basis, (ii) to Subsidiaries and Affiliates of any member of the Lender Group (including the Bank Product Providers),
provided that any such Subsidiary or Affiliate shall have agreed to receive such information hereunder subject to the terms of this Section 17.9, (iii) as may be required by regulatory authorities so long as such authorities are
informed of the confidential nature of such information, (iv) as may be required by statute, decision, or judicial or administrative order, rule, or regulation; provided that (x) prior to any disclosure under this clause (iv), the
disclosing party agrees to provide Borrowers with prior notice thereof, to the extent that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior notice to Borrowers pursuant to the terms of the
applicable statute, decision, or judicial or administrative order, rule, or regulation and (y) any disclosure under this clause (iv) shall be limited to the portion of the Confidential Information as may be required by such statute,
decision, or judicial or administrative order, rule, or regulation, (v) as may be agreed to in advance in writing by Borrowers, (vi) as requested or required by any Governmental Authority pursuant to any subpoena or other legal process,
provided, that, (x) prior to any disclosure under this clause (vi) the disclosing party agrees to provide Borrowers with prior written notice thereof, to the extent that it is practicable to do so and to the extent that the disclosing
party is permitted to provide such prior written notice to Borrowers pursuant to the terms of the subpoena or other legal process and (y) any disclosure under this clause (vi) shall be limited to the portion of the Confidential Information
as may be required by such Governmental Authority pursuant to such subpoena or other legal process, (vii) as to any such information that is or becomes generally available to the public (other than as a result of prohibited disclosure by Agent
or the Lenders or the Lender Group Representatives), (viii) in connection with any assignment, participation or pledge of any Lender’s interest under this Agreement, provided that prior to receipt of Confidential Information any such
assignee, participant, or pledgee shall have agreed in writing to receive such Confidential Information hereunder subject to the terms of this Section, (ix) in connection with any litigation or other adversary proceeding involving parties
hereto which such litigation or adversary proceeding involves claims related to the rights or duties of such parties under this Agreement or the other Loan Documents; provided, that, prior to any disclosure to any Person (other than any Loan Party,
any Agent, any Lender, any of their respective Affiliates, or their respective counsel) under this clause (ix) with respect to litigation involving any Person (other than Borrowers, any Agent, any Lender, any of their respective Affiliates, or
their 

  
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respective counsel), the disclosing party agrees to provide Borrowers with prior written notice thereof, and (x) in connection with, and to the extent reasonably necessary for, the exercise
of any secured creditor remedy under this Agreement or under any other Loan Document. 
 (b)
Anything in this Agreement to the contrary notwithstanding, Agents may (i) provide customary information concerning the terms and conditions of this Agreement and the other Loan Documents to loan syndication and pricing reporting services, and
(ii) use the name, logos, and other insignia of Borrowers and the Loan Parties and the Revolver Commitments provided hereunder in any “tombstone” or comparable advertising, on its website or in other marketing materials of Agents.

 17.10 Lender Group Expenses. Borrowers agree to pay the Lender Group Expenses on the earlier of
(a) the first day of the month following the date on which such Lender Group Expenses were first incurred or (b) the date on which demand therefor is made by the applicable Agent. Borrowers agree that their obligations contained in this
Section 17.10 shall survive payment or satisfaction in full of all other Obligations. 
 17.11
Survival. All representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any loans and issuance of any Letters of Credit, regardless of any investigation made by any such
other party or on its behalf and notwithstanding that any Agent, any Issuing Lender, or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended
hereunder, 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 this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and
so long as the Commitments have not expired or terminated. 
 17.12 Patriot Act.  

(a) Each Lender that is subject to the requirements of the Patriot Act hereby notifies Borrowers that
pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies Borrowers, which information includes the name and address of Borrowers and other information that will allow such Lender to identify
Borrowers in accordance with the Patriot Act. In addition, if any Agent is required by law or regulation or internal policies to do so, it shall have the right to periodically conduct (a) Patriot Act searches, OFAC/PEP searches, and customary
individual background checks for the Loan Parties and (b) OFAC/PEP searches and customary individual background checks for the Loan Parties’ senior management and key principals, and Borrowers agree to cooperate in respect of the conduct
of such searches and further agrees that the reasonable costs and charges for such searches shall constitute Lender Expenses hereunder and be for the account of Borrowers. 

(b) Each Canadian Credit Party acknowledges that, pursuant to the Proceeds of Crime (Money Laundering) and
Terrorist Financing Act (Canada) and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws, whether within Canada or elsewhere (collectively, including any guidelines or orders
thereunder, 

  
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“AML Legislation”), the Canadian Lenders and the Canadian Agent may be required to obtain, verify and record information regarding each Canadian Credit Party, its directors,
authorized signing officers, direct or indirect shareholders or other Persons in control of each Canadian Credit Party, and the transactions contemplated hereby. Each Canadian Credit Party shall promptly provide all such information, including
supporting documentation and other evidence, as may be reasonably requested by any Canadian Lender or the Canadian Agent, or any prospective assign or participant of a Canadian Lender or the Canadian Agent, in order to comply with any applicable AML
Legislation, whether now or hereafter in existence. 
 (c) If Canadian Agent has ascertained the
identity of each Canadian Credit Party or any authorized signatories of each Canadian Credit Party for the purposes of applicable AML Legislation, then Canadian Agent: 

(i) shall be deemed to have done so as an agent for each Canadian Lender, and this Agreement shall
constitute a “written agreement” in such regard between each Canadian Lender and Canadian Agent within the meaning of applicable AML Legislation; and 

(ii) shall provide to each Canadian Lender copies of all information obtained in such regard without any
representation or warranty as to its accuracy or completeness. 
 (d) Notwithstanding
Section 17.12(c) and except as may otherwise be agreed in writing, each of the Canadian Lenders agrees that Canadian Agent has no obligation to ascertain the identity of each Canadian Credit Party or any authorized signatories of each
Canadian Credit Party on behalf of any Canadian Lender, or to confirm the completeness or accuracy of any information it obtains from each Canadian Credit Party or any such authorized signatory in doing so. 

17.13 Integration. This Agreement, together with the other Loan Documents, reflects the entire
understanding of the parties with respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof. The foregoing to the contrary notwithstanding, all Bank
Product Agreements, if any, are independent agreements governed by the written provisions of such Bank Product Agreements, which will remain in full force and effect, unaffected by any repayment, prepayments, acceleration, reduction, increase, or
change in the terms of any credit extended hereunder, except as otherwise expressly provided in such Bank Product Agreement. 
 17.14 Determinations; Judgment Currency. 
 (a) This is an international financial transaction in which the specification of a currency and payment is of the essence. Dollars or Canadian Dollars, as applicable, shall be the currency of account in
the case of all payments pursuant to or arising under this Agreement or under any other Loan Document, and all such payments shall be made to the applicable Agent’s Account in immediately available funds. To the fullest extent permitted by
applicable law, the Obligations of each Borrower to Agents and the Lenders under this Agreement and under the other Loan Documents shall not be discharged by any amount paid in any other currency or in any other manner than to the applicable
Agent’s Account to the extent that the amount so paid after conversion under this Agreement and transfer to the applicable Agent’s Account, as 

  
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applicable, does not yield the amount of Dollars with respect to US Obligations or Canadian Dollars with respect to Canadian Obligations owing to Lenders due under this Agreement and under the
other Loan Documents. If, for the purposes of obtaining or enforcing judgment against Borrowers in any court in any jurisdiction in connection with this Agreement or any Loan Document, it becomes necessary to convert into any other currency (such
other currency being referred to as the “Judgment Currency”) an amount due under this Agreement or any Loan Document in Dollars or Canadian Dollars, as applicable, the conversion shall be made at the rate of exchange prevailing on
the Business Day immediately preceding (a) the date of actual payment of the amount due, in the case of any proceeding in the courts of any jurisdiction that would give effect to such conversion being made on such date, or (b) the date on
which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant to this Section 17.14 being hereinafter referred to as the
“Judgment Conversion Date”). 
 (b) If, in the case of any proceeding in the
court of any jurisdiction referred to in subsection (a) above, there is a change in the rate of exchange prevailing between the Judgment Conversion Date and the date of actual receipt for value of the amount due, the applicable Borrowers shall
pay such additional amount (if any and in any event not a lesser amount) as may be necessary to ensure that the amount actually received in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce
the amount of Dollars or Canadian Dollars, as applicable, which could have been purchased with the amount of the Judgment Currency stipulated in the judgment or judicial order at the rate of exchange prevailing on the Judgment Conversion Date. The
term “rate of exchange” in this Section means the spot rate of exchange at which U.S. Agent would, on the relevant date at or about 10:30 a.m. (Eastern Standard time), be prepared to sell Dollars or Canadian Dollars, as applicable, against
the Judgment Currency. 
 (c) Any amount due from Borrowers under this Section 17.14
shall not be affected by judgment being obtained for any other amounts due under or in respect of this Agreement or any Loan Document. 
 (d) Where any amount is denominated in Dollars under this Agreement but requires for its determination an amount which is determined in another currency, U.S. Agent shall determine the applicable exchange
rate in its sole Permitted Discretion. Where any amount is denominated in Canadian Dollars under this Agreement but requires for its determination an amount which is determined in another currency, Canadian Agent shall determine the applicable
exchange rate in its sole Permitted Discretion. 
 [Signature pages to follow.] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed and delivered as of the date first above written. 
  

			
	 SEITEL, INC.,
 a Delaware corporation

		
	 By:
	 	 /s/ Marcia H. Kendrick

	 Name:
	 	 Marcia H. Kendrick

	 Title:
	 	 Chief Financial Officer, Executive Vice
President, Secretary and Treasurer

 

			
	 OLYMPIC SEISMIC LTD.,
 a corporation incorporated under the laws of the
Province of Alberta

		
	 By:
	 	 /s/ Jude Affonso

	 Name:
	 	 Jude Affonso

	 Title:
	 	 Senior Vice President of Finance and HR

 
			
	 WELLS FARGO CAPITAL FINANCE, LLC,

a Delaware limited liability company, as U.S. Agent
and as a U.S. Lender

		
	 By:
	 	 /s/ Samantha Alexander

	 Name:
	 	 Samantha Alexander

	 Title:
	 	 Director

		 	
	 WELLS FARGO CAPITAL FINANCE
CORPORATION CANADA,

a corporation incorporated under the laws of Ontario,
as Canadian Agent and as Canadian Lender

		
	 By:
	 	 /s/ Domenic Cosentino

	 Name:
	 	 Domenic Cosentino

	 Title:
	 	 Vice President

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 1.      DEFINITIONS AND CONSTRUCTION
	  	 	1	  
		
	 1.1 Definitions
	  	 	1	  
		
	 1.2 Accounting Terms
	  	 	1	  
		
	 1.3 Code; PPSA
	  	 	1	  
		
	 1.4 Construction
	  	 	2	  
		
	 1.5 Schedules and Exhibits
	  	 	2	  
		
	 2.      LOANS AND TERMS OF PAYMENT
	  	 	2	  
		
	 2.1 U.S. Advances
	  	 	2	  
		
	 2.2 Canadian Advances
	  	 	3	  
		
	 2.3 Borrowing Procedures and Settlements
	  	 	4	  
		
	 2.4 Payments; Reductions of Commitments; Prepayments
	  	 	13	  
		
	 2.5 Overadvances
	  	 	19	  
		
	 2.6 Interest Rates and Letter of Credit Fees: Rates, Payments, and Calculations
	  	 	19	  
		
	 2.7 Crediting Payments
	  	 	21	  
		
	 2.8 Designated Accounts
	  	 	21	  
		
	 2.9 Maintenance of Loan Accounts; Statements of Obligations
	  	 	22	  
		
	 2.10 Fees
	  	 	22	  
		
	 2.11 US Letters of Credit
	  	 	23	  
		
	 2.12 Canadian Letters of Credit
	  	 	28	  
		
	 2.13 LIBOR Provisions
	  	 	32	  
		
	 2.14 Capital Requirements
	  	 	35	  
		
	 2.15 Incremental Revolver Commitments
	  	 	36	  
		
	 2.16 Joint and Several Liability
	  	 	38	  
		
	 2.17 Interest Act (Canada); Criminal Rate of Interest; Nominal Rate of Interest
	  	 	42	  
		
	 2.18 Currencies
	  	 	43	  
		
	 3.      CONDITIONS; TERM OF AGREEMENT
	  	 	43	  
		
	 3.1 Conditions Precedent to the Initial Extension of Credit
	  	 	43	  
		
	 3.2 Conditions Precedent to all Extensions of Credit
	  	 	43	  
		
	 3.3 Maturity
	  	 	44	  
		
	 3.4 Effect of Maturity
	  	 	44	  
		
	 3.5 Early Termination by Borrowers
	  	 	44	  
		
	 3.6 Conditions Subsequent
	  	 	44	  

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 4.      REPRESENTATIONS AND WARRANTIES
	  	 	44	  
		
	 4.1 Due Organization and Qualification; Subsidiaries
	  	 	45	  
		
	 4.2 Due Authorization; No Conflict
	  	 	45	  
		
	 4.3 Governmental Consents
	  	 	46	  
		
	 4.4 Binding Obligations; Perfected Liens
	  	 	46	  
		
	 4.5 Title to Assets; No Encumbrances
	  	 	46	  
		
	 4.6 Jurisdiction of Organization; Location of Chief Executive Office;
Organizational Identification Number;
       Commercial
Tort Claims
	  	 	47	  
		
	 4.7 Litigation
	  	 	47	  
		
	 4.8 Compliance with Laws
	  	 	47	  
		
	 4.9 No Material Adverse Change
	  	 	48	  
		
	 4.10 Fraudulent Transfer
	  	 	48	  
		
	 4.11 Employee Benefits
	  	 	48	  
		
	 4.12 Environmental Condition
	  	 	50	  
		
	 4.13 Intellectual Property
	  	 	50	  
		
	 4.14 Leases
	  	 	51	  
		
	 4.15 Deposit Accounts and Securities Accounts
	  	 	51	  
		
	 4.16 Complete Disclosure
	  	 	51	  
		
	 4.17 Material Contracts
	  	 	51	  
		
	 4.18 Patriot Act
	  	 	52	  
		
	 4.19 Indebtedness
	  	 	52	  
		
	 4.20 Payment of Taxes
	  	 	52	  
		
	 4.21 Margin Stock
	  	 	52	  
		
	 4.22 Governmental Regulation
	  	 	53	  
		
	 4.23 OFAC
	  	 	53	  
		
	 4.24 Eligible Accounts
	  	 	53	  
		
	 4.25 Locations of Equipment
	  	 	53	  
		
	 4.26 Inventory Records
	  	 	53	  
		
	 4.27 Employee and Labor Matters
	  	 	53	  
		
	 4.28 Non-Material Subsidiaries
	  	 	54	  
		
	 4.29 Withholdings and Remittances
	  	 	54	  
		
	 4.30 Burdensome Contracts
	  	 	54	  
		
	 4.31 Updates to Schedules
	  	 	54	  

  
 - 2 -

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 5.      AFFIRMATIVE COVENANTS
	  	 	55	  
		
	 5.1 Financial Statements, Reports, Certificates
	  	 	55	  
		
	 5.2 Collateral Reporting
	  	 	55	  
		
	 5.3 Existence
	  	 	55	  
		
	 5.4 Maintenance of Properties
	  	 	55	  
		
	 5.5 Taxes
	  	 	55	  
		
	 5.6 Insurance
	  	 	56	  
		
	 5.7 Inspections; Field Exams; Appraisals
	  	 	57	  
		
	 5.8 Compliance with Laws
	  	 	57	  
		
	 5.9 Environmental
	  	 	57	  
		
	 5.10 Disclosure Updates
	  	 	57	  
		
	 5.11 Formation of Subsidiaries
	  	 	57	  
		
	 5.12 Further Assurances
	  	 	58	  
		
	 5.13 Lender Meetings
	  	 	59	  
		
	 5.14 Material Contracts
	  	 	59	  
		
	 5.15 Location of Inventory and Equipment
	  	 	59	  
		
	 5.16 Pension and Employee Benefits
	  	 	60	  
		
	 5.17 Data Library
	  	 	60	  
		
	 5.18 Leases
	  	 	60	  
		
	 5.19 Mergers and Transfers of Assets
	  	 	61	  
		
	 6.      NEGATIVE COVENANTS
	  	 	61	  
		
	 6.1 Indebtedness
	  	 	61	  
		
	 6.2 Liens
	  	 	61	  
		
	 6.3 Restrictions on Fundamental Changes
	  	 	61	  
		
	 6.4 Disposal of Assets
	  	 	62	  
		
	 6.5 Change Name
	  	 	62	  
		
	 6.6 Nature of Business
	  	 	62	  
		
	 6.7 Prepayments and Amendments
	  	 	62	  
		
	 6.8 Change of Control
	  	 	63	  
		
	 6.9 Restricted Junior Payments
	  	 	63	  
		
	 6.10 Accounting Methods
	  	 	64	  
		
	 6.11 Investments; Control Agreements
	  	 	64	  
		
	 6.12 Transactions with Affiliates
	  	 	65	  

  
 - 3 -

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 6.13 Use of Proceeds
	  	 	66	  
		
	 6.14 Limitation on Issuance of Stock
	  	 	66	  
		
	 6.15 Parent as Holding Company
	  	 	66	  
		
	 6.16 Equipment with Bailees
	  	 	67	  
		
	 6.17 Establishment of Defined Benefit Plan
	  	 	67	  
		
	 6.18 Restrictive Agreements
	  	 	67	  
		
	 7.      FINANCIAL COVENANT
	  	 	67	  
		
	 8.      EVENTS OF DEFAULT
	  	 	67	  
		
	 9.      RIGHTS AND REMEDIES
	  	 	70	  
		
	 9.1 Rights and Remedies
	  	 	70	  
		
	 9.2 Remedies Cumulative
	  	 	71	  
		
	 10.    WAIVERS; INDEMNIFICATION
	  	 	71	  
		
	 10.1 Demand; Protest; etc
	  	 	71	  
		
	 10.2 The Lender Group’s Liability for Collateral
	  	 	71	  
		
	 10.3 Indemnification
	  	 	72	  
		
	 11.    NOTICES
	  	 	73	  
		
	 12.    CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER
	  	 	74	  
		
	 13.    ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS
	  	 	75	  
		
	 13.1 Assignments and Participations
	  	 	75	  
		
	 13.2 Successors
	  	 	79	  
		
	 14.    AMENDMENTS; WAIVERS
	  	 	79	  
		
	 14.1 Amendments and Waivers
	  	 	79	  
		
	 14.2 Replacement of Certain Lenders
	  	 	81	  
		
	 14.3 No Waivers; Cumulative Remedies
	  	 	82	  
		
	 15.    AGENTS; THE LENDER GROUP
	  	 	82	  
		
	 15.1 Appointment and Authorization of Agents
	  	 	82	  
		
	 15.2 Delegation of Duties
	  	 	84	  
		
	 15.3 Liability of Agent
	  	 	84	  
		
	 15.4 Reliance by Agent
	  	 	84	  
		
	 15.5 Notice of Default or Event of Default
	  	 	84	  
		
	 15.6 Credit Decision
	  	 	85	  
		
	 15.7 Costs and Expenses; Indemnification
	  	 	85	  
		
	 15.8 Agent in Individual Capacity
	  	 	86	  

  
 - 4 -

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 15.9 Successor Agent
	  	 	86	  
		
	 15.10 Lender in Individual Capacity
	  	 	87	  
		
	 15.11 Collateral Matters
	  	 	88	  
		
	 15.12 Restrictions on Actions by Lenders; Sharing of Payments
	  	 	91	  
		
	 15.13 Agency for Perfection
	  	 	91	  
		
	 15.14 Payments by an Agent to the Lenders
	  	 	92	  
		
	 15.15 Concerning the Collateral and Related Loan Documents
	  	 	92	  
		
	 15.16 Audits and Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and
Information
	  	 	92	  
		
	 15.17 Several Obligations; No Liability
	  	 	93	  
		
	 16.    WITHHOLDING TAXES
	  	 	93	  
		
	 17.    GENERAL PROVISIONS
	  	 	97	  
		
	 17.1 Effectiveness
	  	 	97	  
		
	 17.2 Section Headings
	  	 	97	  
		
	 17.3 Interpretation
	  	 	97	  
		
	 17.4 Severability of Provisions
	  	 	97	  
		
	 17.5 Bank Product Providers
	  	 	97	  
		
	 17.6 Debtor-Creditor Relationship
	  	 	98	  
		
	 17.7 Counterparts; Electronic Execution
	  	 	98	  
		
	 17.8 Revival and Reinstatement of Obligations
	  	 	98	  
		
	 17.9 Confidentiality
	  	 	99	  
		
	 17.10 Lender Group Expenses
	  	 	100	  
		
	 17.11 Survival
	  	 	100	  
		
	 17.12 Patriot Act
	  	 	100	  
		
	 17.13 Integration
	  	 	101	  
		
	 17.14 Determinations; Judgment Currency
	  	 	101	  

  
 - 5 -

 EXHIBITS AND SCHEDULES 

 

			
	 Exhibit A-1
	  	 Form of Assignment and Acceptance

	 Exhibit B-1
	  	 Form of Borrowing Base Certificate

	 Exhibit C-1
	  	 Form of Compliance Certificate

	 Exhibit L-1
	  	 Form of LIBOR Notice

		
	 Schedule A-1
	  	 Agent’s Account

	 Schedule A-2
	  	 Authorized Persons

	 Schedule C-1
	  	 Commitments

	 Schedule D-1
	  	 U.S. Designated Account

	 Schedule D-2
	  	 Canadian Designated Account

	 Schedule E-1
	  	 Domestic Subsidiaries

	 Schedule E-2
	  	 Non-Material Subsidiaries

	 Schedule P-1
	  	 Permitted Investments

	 Schedule P-2
	  	 Permitted Liens

	 Schedule R-1
	  	 Real Property Collateral

		
	 Schedule 1.1
	  	 Definitions

	 Schedule 3.1
	  	 Conditions Precedent

	 Schedule 3.6
	  	 Conditions Subsequent

	 Schedule 4.1(b)
	  	 Capitalization of Borrower

	 Schedule 4.1(c)
	  	 Capitalization of Borrower’s Subsidiaries

	 Schedule 4.6(a)
	  	 States of Organization

	 Schedule 4.6(b)
	  	 Chief Executive Offices

	 Schedule 4.6(c)
	  	 Organizational Identification Numbers

	 Schedule 4.6(d)
	  	 Commercial Tort Claims

	 Schedule 4.7(b)
	  	 Litigation

	 Schedule 4.12
	  	 Environmental Matters

	 Schedule 4.13
	  	 Intellectual Property

	 Schedule 4.15
	  	 Deposit Accounts and Securities Accounts

	 Schedule 4.17
	  	 Material Contracts

	 Schedule 4.19
	  	 Permitted Indebtedness

	 Schedule 4.20
	  	 Payment of Taxes

	 Schedule 4.25
	  	 Locations of Inventory and Equipment

	 Schedule 5.1
	  	 Financial Statements, Reports, Certificates

	 Schedule 5.2
	  	 Collateral Reporting

	 Schedule 6.11(b)
	  	 Deposit Accounts

 Schedule 1.1 

As used in the Agreement, the following terms shall have the following definitions: 

“Account” means an account (as that term is defined in the Code or the PPSA, as applicable), and any and
all Supporting Obligations in respect thereof. 
 “Account Debtor” means any Person who is
obligated on an Account, chattel paper, or a general intangible. 
 “Accounting Changes” means
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 successor thereto or any agency
with similar functions). 
 “Advances” means Canadian Advances and/or U.S. Advances, as
applicable, as the context requires under this Agreement. 
 “Advisory Agreement” means that
certain Amended and Restated Advisory Agreement, dated as of May 23, 2011, by and among Seitel, Inc, Seitel Holdings, Inc., ValueAct Capital Management, L.P. and Centerbridge Advisors II, L.L.C. 

“Affected Lender” has the meaning specified therefor in Section 2.14(b) of the Agreement.

 “Affiliate” means, as applied to any Person, any other Person who, directly or indirectly
through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” means the possession, directly or indirectly through one or more intermediaries, of
the power to direct the management and policies of a Person, whether through the ownership of Stock, by contract, or otherwise; provided, however, that, for purposes of the definition of Eligible Accounts and Section 6.12
of the Agreement: (a) any Person which owns directly or indirectly 10% or more of the Stock having ordinary voting power for the election of directors or other members of the governing body of a Person or 10% or more of the partnership or other
ownership interests of a Person (other than as a limited partner of such Person) shall be deemed an Affiliate of such Person, (b) each director (or comparable manager) of a Person shall be deemed to be an Affiliate of such Person, and
(c) each partnership or joint venture in which a Person is a partner or has a fifty percent (50%) or greater than interest in such joint venture shall be deemed an Affiliate of such Person. 

“Agent” means the U.S. Agent or the Canadian Agent, as the context requires, and
“Agents” means the U.S. Agent and the Canadian Agent. 
 “Agent-Related
Persons” means each Agent, together with each Agent’s Affiliates, officers, directors, employees, attorneys, and agents. 

 “Agent’s Account” means the Deposit Account of the
U.S. Agent or the Canadian Agent identified on Schedule A-1, as the context requires. 

“Agent’s Liens” means the Liens granted by Parent or its Subsidiaries to Agents under the Loan
Documents. 
 “Agreement” means the Credit Agreement to which this Schedule 1.1 is
attached. 
 “AML Legislation” has the meaning specified therefor in
Section 17.12(b) of the Agreement. 
 “Applicable Canadian Reserves” has the
meaning specified therefor in Section 2.2(c) of the Agreement. 
 “Applicable
Reserves” has the meaning specified therefor in Section 2.2(c) of the Agreement. 

“Applicable U.S. Reserves” has the meaning specified therefor in Section 2.1(c) of the
Agreement. 
 “Application Event” means the occurrence of (a) a failure by Borrowers to
repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by any Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to
Section 2.4(b)(ii) of the Agreement. 
 “Assignee” has the meaning specified
therefor in Section 13.1(a) of the Agreement. 
 “Assignment and Acceptance” means
an Assignment and Acceptance Agreement substantially in the form of Exhibit A-1. 
 “Authorized
Person” means any one of the individuals identified on Schedule A-2, as such schedule is updated from time to time by written notice from Borrowers to Agents. 

“Availability” means, as of any date of determination, the Maximum Revolver Amount less all then
outstanding Obligations (other than Bank Product Obligations)). 
 “Bank Product” means any one
or more of the following financial products or accommodations extended to Parent or its Subsidiaries by a Bank Product Provider: (a) credit cards, (b) credit card processing services, (c) debit cards, (d) stored value cards,
(e) purchase cards (including so-called “procurement cards” or “P-cards”), (f) Cash Management Services, or (g) transactions under Hedge Agreements. 

  
 - 2 -

 “Bank Product Agreements” means those agreements entered
into from time to time by Parent or its Subsidiaries with a Bank Product Provider in connection with the obtaining of any of the Bank Products. 
 “Bank Product Collateralization” means, if requested by a Bank Product Provider, providing cash collateral (pursuant to documentation reasonably satisfactory to the applicable Agent) to
be held by the applicable Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by such Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing
Bank Product Obligations (other than Hedge Obligations). 
 “Bank Product Obligations” means
the U.S. Bank Product Obligations and/or the Canadian Bank Product Obligations, as the context requires. 

“Bank Product Provider” means a U.S. Bank Product Provider and/or a Canadian Bank Product Provider, as
the context requires. 
 “Bank Product Reserve” means the U.S. Bank Product Reserve and/or the
Canadian Product Reserve, as the context requires. 
 “Bankruptcy Code” means (i) title 11
of the United States Code, as in effect from time to time (ii) the Bankruptcy and Insolvency Act (Canada), (iii) the Companies’ Creditors Arrangement Act (Canada) and/or (iv) any similar legislation in a relevant jurisdiction, in
each case as applicable and as in effect from time to time. 
 “Base Rate”
means the greatest of (a) the Federal Funds Rate plus  1/2%, (b) the LIBOR Rate (which rate shall be calculated based upon an Interest Period of 3 months and shall be determined on a daily basis), plus 1%, and (c) the rate of interest announced, from
time to time, within Wells Fargo at its principal office in San Francisco as its “prime rate”, with the understanding that the “prime rate” is one of Wells Fargo’s base rates (not necessarily the lowest of such rates) and
serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as Wells Fargo may designate.

 “Base Rate Loan” means each portion of the U.S. Advances that bears interest at a
rate determined by reference to the Base Rate. 
 “Base Rate Margin” means 2.50%. 

“Benefit Plan” means a “defined benefit plan” (as defined in Section 3(35) of ERISA) for
which Parent or any of its Subsidiaries or ERISA Affiliates has been an “employer” (as defined in Section 3(5) of ERISA) within the past six years. 

“Board of Directors” means the board of directors (or comparable managers or sole member) of the
applicable Loan Party or any committee thereof duly authorized to act on behalf of the board of directors (or comparable managers or sole member). 

  
 - 3 -

 “Borrower” and “Borrowers” have the
respective meanings specified therefor in the preamble to the Agreement. 
 “Borrowing” means a
U.S. Borrowing and/or a Canadian Borrowing, as the context requires. 
 “Borrowing Base
Certificate” means a certificate in the form of Exhibit B-1. 
 “Business Day”
means any day that is not a Saturday, Sunday, or other day on which banks are authorized or required to close in the state of New York, except that (i) if a determination of a Business Day shall relate to a LIBOR Rate Loan, the term
“Business Day” also shall exclude any day on which banks are closed for dealings in Dollar deposits in the London interbank market and (ii) if a determination of a Business Day shall relate to a Canadian Advance or Canadian Letter of
Credit (including a request therefor), the term “Business Day” also shall exclude any day on which banks are authorized or required to close in Toronto, Ontario, Canada. 

“Canadian Advances” has the meaning specified therefor in Section 2.2(a) of the Agreement.

 “Canadian Agent” has the meaning specified therefor in the preamble to the Agreement.

 “Canadian Availability” means, as of any date of determination, the amount that any Canadian
Borrower is entitled to borrow as Canadian Advances hereunder (after giving effect to all then outstanding Canadian Obligations (other than Canadian Bank Product Obligations) and all sublimits and reserves imposed in accordance with the terms hereof
and then applicable hereunder). 
 “Canadian Bank Product Obligations” means (a) all
obligations, liabilities, reimbursement obligations, fees, or expenses owing by any Canadian Credit Party and its Canadian Subsidiaries to any Canadian Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of
whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, (b) all Hedge Obligations of a Canadian Borrower, and (c) all amounts that any Agent or any
Lender is obligated to pay to a Canadian Bank Product Provider as a result of such Agent or such Lender purchasing participations from, or executing guarantees or indemnities or reimbursement obligations to, a Canadian Bank Product Provider with
respect to the Bank Products provided by such Canadian Bank Product Provider to such Canadian Credit Party or its Canadian Subsidiaries. 
 “Canadian Bank Product Provider” means any Lender or any Affiliate of a Lender, in each case only to the extent that such Person has been designated as a bank product provider to
Borrowers in writing by U.S. Agent. 
 “Canadian Bank Product Reserve Amount” means, as of any
date of determination, the Dollar or Canadian Dollar amount of reserves that the applicable 

  
 - 4 -

 
Agent has established (based upon the Bank Product Providers’ reasonable determination of its credit exposure to Parent and its Subsidiaries in respect of Canadian Bank Product Obligations
with respect to Canadian Borrower in respect of Dollars or Canadian Dollars, as the case may be) in respect of Bank Products then provided or outstanding. 
 “Canadian Base Rate” means the greatest of (a) the prime lending rate as announced from time to time by Royal Bank of Canada for Canadian Dollar loans to Canadian Borrowers and
(b) the three month CDOR Rate (which rate shall be determined on a daily basis), plus 1%. 

“Canadian Base Rate Loan” means each portion of the Canadian Advances that bears interest at a rate
determined by reference to the Canadian Base Rate. 
 “Canadian Borrower” has the meaning
specified therefor in the preamble to the Agreement. 
 “Canadian Borrowing” means a borrowing
hereunder consisting of Canadian Advances made on the same day by any Canadian Lender (or Canadian Agent on behalf thereof), or by a Canadian Swing Lender in the case of a Canadian Swing Loan, or by Canadian Agent in the case of a Canadian
Protective Advance, in each case, to a Canadian Borrower. 
 “Canadian Borrowing Base” means
with respect to each Canadian Borrower and Canadian Guarantor, at any time, an amount equal to the sum of: (i) 85% of Eligible Cash Resale Accounts Receivable, less the amount, if any, of the Dilution Reserve; plus (ii) 85% of Eligible
Acquisition Accounts Receivable, less the amount, if any, of the Dilution Reserve; plus (iii) the lesser of (a) 85% of Eligible Extended Term Accounts Receivable, less the amount, if any, of the Dilution Reserve, and (b) $2.5 million
Canadian Dollars; plus (iv) 85% of Eligible Reproduction and Delivery and Data Processing Accounts Receivable, less the amount, if any, of the Dilution Reserve; plus (v) up to $3.0 million Canadian Dollars advance against 85% of the Net
Orderly Liquidation Value of the Data Library; minus (vi) Applicable Canadian Reserves. 

“Canadian Borrowing Base Excess” has the meaning set forth in Section 2.4(e)(i). 

“Canadian Collateral” means all assets and interests in assets and proceeds thereof now owned or
hereafter acquired by any Canadian Borrower or Canadian Guarantor or their Canadian Subsidiaries in or upon which a Lien is granted by such Person in favor of Canadian Agent or Canadian Lenders under any of the Loan Documents. 

“Canadian Credit Party” means each Canadian Borrower and Canadian Guarantor. 

“Canadian Designated Account” means the Canadian bank account of Canadian Borrowers identified on
Schedule D-2. 

  
 - 5 -

 “Canadian Dollars” or “CAD$” means lawful
money of Canada. 
 “Canadian Employee” means any employee or former employee of a Canadian
Credit Party. 
 “Canadian Employee Benefits Legislation” means the Canada Pension Plan
(Canada), the Employment Pension Plans Act (Alberta), and any Canadian federal, provincial or local counterparts or equivalents, in each case, as applicable and as amended from time to time. 

“Canadian Employee Plan” means any employee benefit, health, welfare, supplemental unemployment benefit,
bonus, pension, supplemental pension, profit sharing, retiring allowance, severance, deferred compensation, stock compensation, stock purchase, retirement, life, hospitalization insurance, medical, dental, disability or other employee group or
similar benefit or employment plans or supplemental arrangements applicable to the Canadian Employees. 

“Canadian Guarantors” means each Canadian Borrower and each Canadian Subsidiary of Parent that is a
Material Subsidiary (other than any Material Subsidiary that is not required to become a Guarantor pursuant to Section 5.11), and each other Person that becomes a Canadian Guarantor after the Closing Date pursuant to
Section 5.11 of the Agreement, and “Canadian Guarantor” means any one of them. 

“Canadian Guaranty” means that certain general continuing guaranty, dated as of even date with the
Agreement, executed and delivered by each extant Canadian Guarantor in favor of Canadian Agent, for the benefit of the Canadian Lender Group and the Canadian Bank Product Providers, in form and substance reasonably satisfactory to Canadian Agent.

 “Canadian Issuing Lender” means The Toronto-Dominion Bank or a designee of any Canadian
Lender that, at the request of a Canadian Borrower and with the consent of U.S. Agent, agrees, in such Lender’s sole discretion, to become a Canadian Issuing Lender for the purpose of issuing Canadian Letters of Credit. 

“Canadian L/C Undertaking” has the meaning specified therefor in Section 2.12(a) of the
Agreement. 
 “Canadian Lenders” means Lenders that make Canadian Advances under the Agreement;
provided that as of the Closing Date, the sole Canadian Lender shall be WFCFCC. 
 “Canadian
Lender Group” means Canadian Lenders, Canadian Issuing Lender, Canadian Swing Lender and Canadian Agent, or any one or more of them. 
 “Canadian Letter of Credit” means a letter of credit issued by Canadian Issuing Lender or Canadian Underlying Issuer, as the context requires, to a Canadian Borrower. 

  
 - 6 -

 “Canadian Letter of Credit Usage” means, as of any date of
determination, the aggregate undrawn amount of all outstanding Canadian Letters of Credit. 
 “Canadian
Loan Account” has the meaning specified therefor in Section 2.9 of the Agreement. 

“Canadian Obligations” means all Obligations of any Canadian Borrower or Canadian Guarantor. 

“Canadian Overadvance” has the meaning specified therefor in Section 2.5 of the Agreement.

 “Canadian Pension Plan” means any pension plan required to be registered under the Income
Tax Act (Canada) or any Canadian federal or provincial law and or contributed to by a Canadian Credit Party for its Canadian Employees or former Canadian Employees, including any pension benefit plan within the meaning of the Employee Pension Plans
Act (Alberta) but does not include the Canada Pension Plan maintained by the Government of Canada or the Quebec Pension Plan maintained by the Province of Quebec. 

“Canadian Protective Advances” has the meaning specified therefor in Section 2.3(d) of the
Agreement. 
 “Canadian Revolver Commitment” means, with respect to each Canadian Lender, its
Revolver Commitment, and, with respect to all Canadian Lenders, their Revolver Commitments, in each case as such Canadian Dollar amounts are set forth beside such Canadian Lender’s name under the applicable heading on Schedule C-1 or in
the Assignment and Acceptance pursuant to which such Canadian Lender became a Canadian Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of
Section 13.1. 
 “Canadian Revolver Usage” means, as of any date of determination,
the sum of (a) the amount of outstanding Canadian Advances, plus (b) the amount of the Canadian Letter of Credit Usage. 
 “Canadian Security Agreement” means a security agreement, dated as of even date with the Agreement, in form and substance reasonably satisfactory to Canadian Agent, executed and delivered
by Canadian Borrowers and Canadian Guarantors to Canadian Agent. 
 “Canadian Subsidiary” means
any Subsidiary of Parent that is organized under the laws of a province of Canada as of and after the date of the Agreement. 
 “Canadian Swing Lender” means WFCFCC or any other Canadian Lender that, at the request of any Canadian Borrower and with the consent of Canadian Agent agrees, in such Canadian
Lender’s sole discretion, to become the Canadian Swing Lender under Section 2.3(b). 

  
 - 7 -

 “Canadian Swing Loan” has the meaning specified therefor in
Section 2.3(b) of the Agreement. 
 “Canadian Underlying Issuer” means a third
Person which is the beneficiary of a Canadian L/C Undertaking and which has issued a Canadian Letter of Credit at the request of Canadian Issuing Lender for the benefit of a Canadian Borrower. 

“Canadian Underlying Letter of Credit” means a Canadian Letter of Credit that has been issued by a
Canadian Underlying Issuer. 
 “Capital Expenditures” means, with respect to any Person for any
period, the aggregate of all expenditures by such Person and its Subsidiaries during such period that are capital expenditures as determined in accordance with GAAP, which are not (i) financed through the incurrence of any Indebtedness
(excluding Indebtedness under this Agreement), or (ii) attributable to customer cash underwriting revenue or (iii) non-cash additions to the Data Library, less Net Cash Proceeds from the sales of marketable securities obtained in
connection with licensing seismic data. 
 “Capital Lease” means a lease that is required to be
capitalized for financial reporting purposes in accordance with GAAP. 
 “Capitalized Lease
Obligation” means that portion of the obligations under a Capital Lease that is required to be capitalized in accordance with GAAP. 
 “Cash Dominion Event” means either (i) the occurrence and continuance of an Event of Default or (ii) Excess Availability being less than $10,000,000 for any 5 day period. A Cash
Dominion Event shall no longer be deemed to exist if Excess Availability exceeds $10,000,000 for 45 consecutive days and no Event of Default is in existence. 
 “Cash EBITDA” means, with respect to any fiscal period, for Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP to the extent relevant, at any date of
determination, an amount equal to all cash resales, plus all other cash revenues (other than from data acquisitions and gains on sales of marketable securities) obtained as part of licensing seismic data, less cash selling, general and
administrative expenses (excluding nonrecurring corporate expenses such as refinancing, merger and acquisition transaction costs and severance costs) and cost of goods sold. 

“Cash Equivalents” means (a) marketable direct obligations issued by, or unconditionally guaranteed
by, the United States or, in the case of a Canadian Credit Party only, Canada, or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within 1 year from the date of acquisition thereof,
(b) marketable direct obligations issued or fully guaranteed by any state of the United States, or in the case of a Canadian Credit Party, province or territory of Canada, or any political subdivision of any such state, province or territory or
any public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either Standard & Poor’s Rating Group
(“S&P”) or Moody’s Investor Service, Inc. 

  
 - 8 -

 
(“Moody’s”) or, in the case of a Canadian Credit Party only, Dominion Bond Rating Services (“DBRS”), (c) commercial paper maturing no more than 270
days from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 from S&P or at least P-1 from Moody’s or, in the case of a Canadian Party only, having a rating of at least R-1 from DBRS,
(d) certificates of deposit, time deposits, overnight bank deposits or bankers’ acceptances maturing within 1 year from the date of acquisition thereof issued by any bank organized under the laws of the United States or any state thereof
or the District of Columbia or, in the case of a Canadian Credit Party only, Canada or any province or territory thereof, or any United States branch of a foreign bank, in each case, having at the date of acquisition thereof combined capital and
surplus of not less than $250,000,000 or CAD$250,000,000, as applicable, (e) Deposit Accounts maintained with (i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under the laws
of the United States or any state thereof or, in the case of a Canadian Credit Party, Canada or any province or territory thereof, so long as the full amount maintained with any such other bank is insured by the Federal Deposit Insurance Corporation
or the Canadian Deposit Insurance Corporation, (f) repurchase obligations of any commercial bank satisfying the requirements of clause (d) of this definition or recognized securities dealer having combined capital and surplus of not less
than $250,000,000 or CAD$250,000,000, as applicable, having a term of not more than seven days, with respect to securities satisfying the criteria in clauses (a) or (d) above, (g) debt securities with maturities of six months or less
from the date of acquisition backed by standby letters of credit issued by any commercial bank satisfying the criteria described in clause (d) above, and (h) Investments in money market funds substantially all of whose assets are invested
in the types of assets described in clauses (a) through (g) above. 
 “Cash Management
Services” means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository
network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements. 

“CDOR Rate” means the average bankers’ acceptance rate as quoted on Reuters CDOR page (or such
other page as may from time to time replace such page on that service for the purpose of displaying quotations for bankers’ acceptances accepted by banks listed in Schedule I of the Bank Act (Canada)) at approximately 10:00 a.m. (Eastern
Standard time) on the applicable date for bankers’ acceptances having a comparable maturity date as the maturity date of the applicable Canadian Advance. 
 “CFC” means a controlled foreign corporation (as that term is defined in the IRC). 
 “Change of Control” means that (a) Permitted Holders fail to collectively own and control, 50.1% or more of the Stock of Seitel Holdings having the right to vote for the election of
members of Seitel Holdings’ board of directors, (b) Seitel Holdings ceases to own 100% of the Stock of Parent, (c) a majority of the members of the Parent’s 

  
 - 9 -

 
Board of Directors do not constitute Continuing Directors, or (d) except as expressly permitted by Section 6.3 or 6.4, any Borrower ceases to own, directly or indirectly,
and control that percentage of the outstanding Stock of each of its Subsidiaries, that such Borrower owns as of the Closing Date (except for such internal reorganizations that are necessary in Borrowers’ reasonable discretion; provided that
U.S. Agent has given Borrowers prior written consent for such internal reorganization), or (e) the occurrence of a “change of control” as defined in the High Yield Notes or High Yield Notes Indenture. 

“Closing Date” means the first date on which both (a) the Loan Documents are executed by the
Borrowers, the Guarantors, and any other applicable third party and (b) each of the conditions precedent set forth in Schedule 3.1 have been satisfied or have been waived in writing by U.S. Agent. 

“Code” means the New York Uniform Commercial Code, as in effect from time to time. 

“Collateral” means all U.S. Collateral and Canadian Collateral. 

“Collateral Access Agreement” means a landlord waiver, bailee letter, or acknowledgement agreement of
any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in Parent’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and
substance reasonably satisfactory to U.S. Agent. 
 “Collections” means all cash,
checks, notes, instruments, and other items of payment (including receivables, insurance proceeds, proceeds of cash sales, rental proceeds, proceeds of Collateral and tax refunds). 

“Commitment” means, with respect to each Lender, its Revolver Commitment, and, with respect to all
Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and Acceptance pursuant to which such Lender became a
Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C-1 delivered
by the controller, chief financial officer or the chief accounting officer (in such capacity, and not individually) of Parent to U.S. Agent. 
 “Confidential Information” has the meaning specified therefor in Section 17.9(a) of the Agreement. 

“Continuing Director” means (a) any member of the Board of Directors who was a director (or
comparable manager) of Parent on the Closing Date, and (b) any individual who becomes a member of the Board of Directors of Parent after the Closing Date if such individual was approved, appointed or nominated for election to the Board of
Directors of Parent by a majority of the Continuing Directors or whose nomination by 

  
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ValueAct Capital was approved by a majority of the Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Board of Directors in office at
the Closing Date in an actual or threatened election contest relating to the election of the directors (or comparable managers) of Parent and whose initial assumption of office resulted from such contest or the settlement thereof. 

“Control Agreement” means a control agreement, in form and substance reasonably satisfactory to the
applicable Agent, executed and delivered by Parent or one of its Subsidiaries, such Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account). 

“Currency Exchange Rate” means, with respect to a currency, the rate quoted by Wells Fargo as the spot
rate for the purchase by WFCF of such currency with another currency at approximately 10:30 a.m. (Eastern Standard time) 1 Business Day prior to the date as of which the foreign exchange computation is made. 

“Daily Balance” means, as of any date of determination and with respect to any Obligation, the amount of
such Obligation owed at the end of such day. 
 “Data Library” means the applicable U.S.
Borrower’s or Canadian Borrower’s onshore and offshore three dimensional (3D), two dimensional (2D) and multi-component seismic data. 
 “DBRS” has the meaning specified therefor in the definition of Cash Equivalents. 
 “Default” means an event, condition, or default that, with the giving of notice, the passage of time, or both, would be an Event of Default. 

“Defaulting Lender” means any Lender that (a) has failed to fund any amounts required to be funded
by it under the Agreement on the date that it is required to do so under the Agreement (including the failure to make available to the applicable Agent amounts required pursuant to a Settlement or to make a required payment in connection with a
Letter of Credit Disbursement), (b) notified Borrowers, any Agent, or any Lender in writing that it does not intend to comply with all or any portion of its funding obligations under the Agreement, (c) has made a public statement to the
effect that it does not intend to comply with its funding obligations under the Agreement or under other agreements generally (as reasonably determined by Agent) under which it has committed to extend credit, (d) failed, within 1 Business Day
after written request by any Agent, to confirm that it will comply with the terms of the Agreement relating to its obligations to fund any amounts required to be funded by it under the Agreement, (e) otherwise failed to pay over to any Agent or
any other Lender any other amount required to be paid by it under the Agreement within 1 Business Day of the date that it is required to do so under the Agreement, or (f) (i) becomes or is insolvent or has a parent company that has become
or is insolvent or (ii) becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian or appointed for it, or has taken any action in furtherance of, or indicating its consent to,
approval of or 

  
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acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or
custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment. 

“Defaulting Lender Rate” means (a) from the first 3 days from and after the date the relevant
payments is due, the LIBOR Rate, and (b) thereafter, the LIBOR Rate plus the LIBOR Rate Margin. 

“Defined Benefit Plan” means any Canadian Pension Plan which contains a “defined benefit
provision”, as defined in section 147.1(1) of the Income Tax Act (Canada). 
 “Deposit
Account” means any deposit account (as that term is defined in the Code), including any of Borrowers’ lock box accounts, collection accounts, deposit accounts, concentration accounts, and asset sale accounts containing cash proceeds of
the Collateral or Advances made to the Borrowers, all funds now or hereafter held therein, and all present or future claims, demands, and choses in action in respect thereof; provided, however, that the term shall not include payroll accounts,
medical disbursement accounts, or the Travelers’ Collateral Account. 
 “Designated
Account” means the U.S. Designated Account and/or the Canadian Designated Account, as the context requires. 
 “Designated Account Bank” has the meaning specified therefor in Schedule D-1 and Schedule D-2 and means the U.S. Designated Account bank or Canadian Designated Account bank,
as the context requires. 
 “Dilution” means, as of any date of determination, a percentage,
based upon the experience of the immediately prior 90 consecutive days, that is the result of dividing the Dollar amount of (a) bad debt write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to
Borrowers’ Accounts during such period, by (b) Borrowers’ billings with respect to Accounts during such period. 
 “Dilution Reserve” means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts by 1 percentage point for each percentage point by
which Dilution is in excess of 5%. 
 “Dollars” or “$” means United States
dollars. 
 “Dollar Equivalent” means, at any time, (a) as to any amount denominated in
Dollars, the amount thereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by U.S. Agent at such time on the basis of the Currency Exchange Rate for the
purchase of Dollars with such currency. 

  
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 “Domestic Subsidiary” means those direct or indirect
Subsidiaries of Parent that are organized under the laws of a jurisdiction within the continental United States of America. The Domestic Subsidiaries, as of the Closing Date, are set forth on Schedule E-1 attached hereto. 

“Eligible Accounts” means those Accounts created by any Borrower in the ordinary course of its business,
that arise out of Borrowers’ sale of goods, rendition of services or licensing of data, that comply with each of the representations and warranties respecting Eligible Accounts made in the Loan Documents, and that are not excluded as ineligible
by virtue of one or more of the excluding criteria set forth below; provided, however, that such criteria may be revised from time to time by U.S. Agent in U.S. Agent’s Permitted Discretion to address the results of any audit
performed by U.S. Agent from time to time after the Closing Date. In determining the amount to be included, Eligible Accounts shall be calculated net of customer deposits and unapplied cash. Eligible Accounts shall not include the following:

 (a) Accounts with terms less than 120 days that the Account Debtor has failed to pay within (i) 90 days
of original invoice date if normal 30 day terms or (ii) 90 days of original due date if greater than 30 days but less than 120 days, other than the Eligible Extended Term Accounts Receivable, 

(b) Accounts owed by an Account Debtor (or its Affiliates) where 50% or more in dollar amount of the aggregate Accounts
owed by that Account Debtor and its Affiliates have failed to be paid within 90 days of original invoice date, 

(c) Accounts with respect to which the Account Debtor is an Affiliate of any Loan Party or an employee or agent of any
Loan Party or any Affiliate of any Loan Party, 
 (d) Accounts with respect to which the Account Debtor either
(i) does not maintain its chief executive office in the same jurisdiction as the relevant Borrower (the United States or Canada, as appropriate), (ii) is not organized under the laws of the United States, Canada or any state or province
thereof or (iii) is the government of any foreign country or sovereign state, or of any state, province, municipality, or other political subdivision thereof, or of any department, agency, public corporation, or other instrumentality thereof,
unless (y) the Account is supported by an irrevocable letter of credit satisfactory to U.S. Agent (as to form, substance, and issuer or domestic confirming bank) that has been delivered to U.S. Agent and is directly drawable by U.S. Agent, or
(z) the Account is covered by credit insurance in form, substance, and amount, and by an insurer, satisfactory to U.S. Agent; and for the avoidance of doubt, such ineligibility shall not apply to accounts owed by U.S. or Canadian domiciled
Account Debtors owned by foreign companies or governments, 
 (e) Accounts that are not payable in Dollars for
U.S. Borrowers or Canadian Dollars for Canadian Borrowers, 

  
 - 13 -

 (f) Accounts with respect to which the Account Debtor is (i) the United
States or any department, agency, or instrumentality of the United States (exclusive, however, of Accounts with respect to which the applicable Borrower has complied, to the reasonable satisfaction of the U.S. Agent, with the Assignment of Claims
Act, 31 USC § 3727), (ii) any state of the United States (exclusive, however, of Accounts with respect to which the applicable Borrower has complied, to the satisfaction of U.S. Agent in the exercise of its Permitted Discretion, with all
applicable state assignment-of-claims statutes) or (iii) a Canadian Governmental Authority, if the enforceability or effectiveness against such Canadian Governmental Authority of an assignment of such Account is subject to any precondition
which has not been fulfilled, 
 (g) Accounts with respect to which the Account Debtor is a creditor of any
Borrower, has or has asserted a right of setoff, or has disputed its obligation to pay all or any portion of the Account, but only to the extent of the amount of such claim, right of setoff, or dispute, 

(h) Accounts with respect to an Account Debtor (excluding certain Account Debtors whose corporate credit rating is A- or
higher as rated by Standard & Poor’s, Inc. or A3 or higher by Moody’s Investor Service, Inc.) whose total obligations owing to Borrowers exceed 15% (such percentage as applied to a particular Account Debtor being subject to
reduction by U.S. Agent in its Permitted Discretion if the creditworthiness of such Account Debtor deteriorates) of all Eligible Accounts, to the extent of the obligations owing by such Account Debtor in excess of such percentage; provided, however,
that, in each case, the amount of Eligible Accounts that are excluded because they exceed the foregoing percentage shall be determined by U.S. Agent based on all of the otherwise Eligible Accounts prior to giving effect to any eliminations based
upon the foregoing concentration limit, 
 (i) Accounts with respect to Account Debtors whose corporate credit
rating is A- or higher as rated by Standard & Poor’s, Inc. or A3 or higher by Moody’s Investor Service, Inc. and whose total obligations owing to Borrowers exceed 60% (such percentage as applied to a particular Account Debtor
being subject to reduction by U.S. Agent in its Permitted Discretion if the creditworthiness of such Account Debtor deteriorates) of all Eligible Accounts, to the extent of the obligations owing by such Account Debtor in excess of such percentage;
provided, however, that, in each case, the amount of Eligible Accounts that are excluded because they exceed the foregoing percentage shall be determined by U.S. Agent based on all of the otherwise Eligible Accounts prior to giving effect to any
eliminations based upon the foregoing concentration limit, 
 (j) Accounts with respect to which the Account
Debtor is subject to an Insolvency Proceeding, is not Solvent, has gone out of business, or as to which a Borrower has received notice of an imminent Insolvency Proceeding or a material impairment of the financial condition of such Account Debtor,

 (k) Except for Accounts on which the Account Debtor is obligated to pay regardless of the failure of any
subsequent performance, Accounts with respect to 

  
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which (i) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (ii) the services giving rise to such Account have not been performed and
billed to the Account Debtor, 
 (l) Except for Accounts on which the Account Debtor is obligated to pay
regardless of the failure of any subsequent performance, Accounts that represent the right to receive progress payments or other advance billings that are due prior to the completion of performance by the applicable Borrower of the subject contract
for goods or services, 
 (m) Accounts with respect to which U.S. Agent or Canadian Agent, as applicable, does
not have a valid first priority lien, 
 (n) Accounts owing from any Person or entity named on the list of
Specifically Designated Nations maintained by OFAC. 
 “Eligible Acquisition Accounts
Receivable” means those Eligible Accounts which are less than 90 days past invoice date, for the underwriting or pre-funding of new data acquisition projects for the percentage of work completed on each acquisition project. 

“Eligible Cash Resale Accounts Receivable” means those Eligible Accounts which are less than 90 days
past invoice date, for licensing of data from the Data Library, including data currently in progress. 

“Eligible Extended Term Accounts Receivable” means those Eligible Accounts for licensing of data from
the Data Library, including data currently in progress, whose payment terms are contractually greater than 120 days from invoice date and do not include any unpaid term payments that are more than 60 days from the original due date. 

“Eligible Reproduction and Delivery and Data Processing Accounts Receivable” means those Eligible
Accounts which are less than 90 days past invoice date, for the sale of goods or rendition of services as it relates to the applicable U.S. Borrower’s or Canadian Borrower’s reproduction and delivery services and data processing services.

 “Eligible Transferee” means (a) so long as no Event of Default has occurred and is
continuing with the approval of the Borrowers (such approval by Borrowers not to be unreasonably withheld, conditioned or delayed), (i) a commercial bank organized under the laws of the United States, or any state thereof, and having total
assets in excess of $250,000,000, (ii) a commercial bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development or a political subdivision of any such country and which has
total assets in excess of $250,000,000, provided that such bank is acting through a branch or agency located in the United States, and (iii) a finance company, insurance company, or other financial institution or fund that is engaged in making,
purchasing, or otherwise investing in commercial loans in the ordinary course of its business and having (together with its 

  
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Affiliates) total assets in excess of $250,000,000, (b) any Affiliate (other than individuals) of a pre-existing Lender, (c) so long as no Event of Default has occurred and is
continuing, any other Person approved by Agents and Borrowers (such approval by Borrowers not to be unreasonably withheld, conditioned or delayed), and (d) during the continuation of an Event of Default, any other Person approved by Agents.

 “Environmental Action” means any written complaint, summons, citation, notice, directive,
order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter, or other written communication from any Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous
Materials (a) from any assets, properties, or businesses of any Borrower, any Subsidiary of a Borrower, or any of their predecessors in interest, (b) from adjoining properties or businesses, or (c) from or onto any facilities which
received Hazardous Materials generated by any Borrower, any Subsidiary of a Borrower, or any of their predecessors in interest. 
 “Environmental Law” means any applicable federal, state, provincial, foreign or local statute, law, rule, regulation, ordinance, code, binding and enforceable guideline, binding and
enforceable written policy, or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, in each
case, to the extent binding on Parent or its Subsidiaries, relating to the environment, the effect of the environment on employee health, or Hazardous Materials, in each case as amended from time to time. 

“Environmental Liabilities” means all liabilities, monetary obligations, losses, damages, costs and
expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand, or
Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action. 
 “Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental Liabilities. 

“Equipment” means equipment (as that term is defined in the Code or the PPSA, as applicable).

 “Equity Investment” means the investment of not less than $125.0 million by Centerbridge
Capital Partners II, L.P. in Seitel Holdings, Inc. which shall be contributed to Parent, pursuant to the Stock Purchase Agreement, dated May 23, 2011, by and between Seitel Holdings, Inc. and Centerbridge Capital Partners II, L.P. 

“Equity Investment Documents” means any documents entered into in connection with the Equity Investment.

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any
successor statute thereto. 

  
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 “ERISA Affiliate” means (a) any Person subject to
ERISA whose employees are treated as employed by the same employer as the employees of Parent or its Subsidiaries under IRC Section 414(b), (b) any trade or business subject to ERISA whose employees are treated as employed by the same
employer as the employees of Parent or its Subsidiaries under IRC Section 414(c), (c) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any organization subject to ERISA that is a member of an affiliated
service group of which Parent or any of its Subsidiaries is a member under IRC Section 414(m), or (d) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any Person subject to ERISA that is a party to an
arrangement with Parent or any of its Subsidiaries and whose employees are aggregated with the employees of Parent or its Subsidiaries under IRC Section 414(o). 

“Event of Default” has the meaning specified therefor in Section 8 of the Agreement.

 “Excess Availability” means, as of any date of determination, an amount equal to
(i) the Maximum Revolver Amount less (ii) Total Outstandings less (iii) the amount of payables not being satisfied in the ordinary course of business in accordance with past practices, determined on a pro forma basis, using Total
Outstandings as of the date of calculation and Maximum Revolver Amount based on the most recent Borrowing Base Certificate delivered to Agent; provided that, if the applicable Borrowing Base Certificate has not been delivered in accordance with the
reporting requirements in Section 5.1, then Maximum Revolver Amount shall be deemed to be zero for purposes of this definition. 
 “Exchange Act” means the Securities Exchange Act of 1934, as in effect from time to time. 
 “Existing Credit Facility” means the credit facilities with Royal Bank of Canada pursuant to the agreement dated September 1, 2009. 

“Existing High Yield Notes” means the 9.75% unsecured senior notes due 2014 issued pursuant to the
Existing High Yield Notes Indenture. 
 “Existing High Yield Notes Documents” means the
Existing High Yield Notes, Existing High Yield Notes Indenture and any other documents entered into in connection with the Existing High Yield Notes. 
 “Existing High Yield Notes Indenture” means the Indenture, dated February 14, 2007, among Parent, as issuer, the guarantors named therein, and LaSalle Bank National Association, as
trustee. 
 “FATCA” shall mean Sections 1471 through 1474 of the IRC, as in existence on the
Closing Date (and any amended or successor version that is substantively comparable, provided that any such amended or successor version imposes criteria that are not materially more onerous than those contained in such Section as in existence on
the Closing Date) and the regulations promulgated thereunder or published administrative guidance implementing such Sections. 

  
 - 17 -

 “Federal Funds Rate” means, for any period, a fluctuating
interest rate per annum equal to, for each day during such period, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next
succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by Agent from three Federal funds
brokers of recognized standing selected by it. 
 “Fee Letter” means that certain fee letter,
dated as of even date with the Agreement, between Parent and Agents, in form and substance reasonably satisfactory to Agents. 
 “Fixed Charges” means, with respect to any date of determination and with respect to Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP, the sum,
without duplication, of (a) Interest Expense accrued (other than interest paid-in-kind, amortization of financing fees, and other non-cash Interest Expense) during such period, (b) principal payments in respect of Indebtedness that are
required to be paid during such period, and (c) all current federal, state, and local income taxes accrued during such period, and (d) all Restricted Junior Payments paid (whether in cash or other property, other than common Stock) during
such period. 
 “Fixed Charge Coverage Ratio” means, with respect to Parent and its
Subsidiaries for any period, the ratio of the following determined in accordance with GAAP: (i) Cash EBITDA for such period less Capital Expenditures made during such period (to the extent not already incurred in a prior period) to
(ii) Fixed Charges for such period. 
 “Foreign Lender” means any Lender or Participant
that is not a United States person within the meaning of IRC section 7701(a)(30). 
 “Funding
Date” means the date on which a Borrowing occurs. 
 “Funding Losses” has the meaning
specified therefor in Section 2.13(b)(ii) of the Agreement. 
 “GAAP” means
generally accepted accounting principles as in effect from time to time in the United States, consistently applied; provided, however, that all calculations relative to liabilities shall be made without giving effect to Statement of
Financial Accounting Standards No. 159. 
 “Governing Documents” means, with respect to
any Person, the certificate or articles of incorporation, by-laws, or other organizational documents of such Person. 
 “Governmental Authority” means any federal (including the federal government of Canada), state, provincial, territorial, municipal, local, or other governmental or administrative body,
instrumentality, board, department, or agency or any court, tribunal, administrative hearing body, arbitration panel, commission, or other similar dispute-resolving panel or body. 

  
 - 18 -

 “Guarantors” means each U.S. Guarantor and each Canadian
Guarantor, and “Guarantor” means any one of them. 
 “Guarantees” means the
Canadian Guaranty and the U.S. Guaranty. 
 “Hazardous Materials” means (a) substances
that are defined or listed in, or otherwise classified pursuant to, any applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other
formulation intended to define, list, or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum
derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any
flammable substances or explosives or any radioactive materials, and (d) asbestos in any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million.

 “Hedge Agreement” means any and all agreements or documents now existing or hereafter
entered into by any Borrower that provide for an interest rate, credit, commodity or equity swap, cap, floor, collar, forward foreign exchange transaction, currency swap, cross currency rate swap, currency option, or any combination of, or option
with respect to, these or similar transactions, for the purpose of hedging any Borrower’s exposure to fluctuations in interest or exchange rates, loan, credit exchange, security or currency valuations or commodity prices. 

“Hedge Obligations” means any and all obligations or liabilities, whether absolute or contingent, due or
to become due, now existing or hereafter arising, of Parent or its Subsidiaries arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or more of the Bank Product Providers. 

“Hedge Provider” means Wells Fargo or any of its Affiliates. 

“High Yield Notes” means (i) prior to the High Yield Notes Refinancing, the Existing High Yield
Notes and (ii) from and after the High Yield Notes Refinancing, the New High Yield Notes. 
 “High
Yield Notes Documents” means (i) prior to the High Yield Notes Refinancing, the Existing High Yield Notes, Existing High Yield Notes Indenture and any other documents entered into in connection with the Existing High Yield Notes and
(ii) from and after the High Yield Notes Refinancing, the New High Yield Notes, the New High Yield Notes Indenture and any other documents entered into in connection with the New High Yield Notes. 

“High Yield Notes Indenture” means (i) prior to the High Yield Notes Refinancing, the Existing High
Yield Notes Indenture and (ii) from and after the High Yield Notes Refinancing, the New High Yield Notes Indenture. 

  
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 “High Yield Notes Refinancing” means the refinancing of the
Existing High Yield Notes with either (i) the New High Yield Notes or (ii) the Permitted Second Lien Term Loan Facility, in each case, on terms and conditions reasonably acceptable to Agents. 

“Holdout Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement.

 “Incremental Revolver Commitments” means, for any U.S. Lender, any commitment by such U.S.
Lender to make U.S. Advances pursuant to Section 2.1 as agreed to by such U.S. Lender in the respective Incremental Revolver Commitment Agreement delivered pursuant to Section 2.15; it being understood, however, that on each
date upon which an Incremental Revolver Commitment of any U.S. Lender becomes effective, such Incremental Revolver Commitment of such U.S. Lender shall be added to (and thereafter become a part of) the Revolver Commitment of such U.S. Lender for all
purposes of this Agreement as contemplated by Section 2.15. 
 “Incremental Revolver
Lender” has the meaning specified therefor in Section 2.15(b) of the Agreement. 

“Incremental Revolving Commitment Agreement” has the meaning specified therefor in
Section 2.15(b) of the Agreement. 
 “Incremental Revolving Commitment Date” means
each date upon which an Incremental Revolver Commitment under an Incremental Revolver Commitment Agreement becomes effective as provided in Section 2.15(b). 

“Indebtedness” as to any Person means (a) all obligations of such Person for borrowed money,
(b) all obligations of such Person evidenced by bonds, debentures, notes, or other similar instruments and all reimbursement or other obligations in respect of letters of credit, bankers acceptances, or other financial products, (c) all
obligations of such Person as a lessee under Capital Leases, (d) all obligations or liabilities of others secured by a Lien on any asset of such Person, irrespective of whether such obligation or liability is assumed, (e) all obligations
of such Person to pay the deferred purchase price of assets (other than trade payables incurred in the ordinary course of business and repayable in accordance with customary trade practices), (f) all obligations of such Person owing under Hedge
Agreements (which amount shall be calculated based on the amount that would be payable by such Person if the Hedge Agreement were terminated on the date of determination), and (g) any obligation of such Person guaranteeing or intended to
guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any obligation of any other Person that constitutes Indebtedness under any of clauses (a) through (f) above. For purposes of this
definition, (i) the amount of any Indebtedness represented by a guaranty or other similar instrument shall be the lesser of the principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the
guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Indebtedness, and (ii) the amount 

  
 - 20 -

 
of any Indebtedness described in clause (d) above shall be the lower of the amount of the obligation and the fair market value of the assets of such Person securing such obligation.

 “Indemnified Liabilities” has the meaning specified therefor in Section 10.3 of
the Agreement. 
 “Indemnified Person” has the meaning specified therefor in
Section 10.3 of the Agreement. 
 “Insolvency Proceeding” means any proceeding
commenced by or against any Person under any provision of the Bankruptcy Code or under any other provincial, state or federal (including the federal government of Canada) bankruptcy or insolvency law, assignments for the benefit of creditors, formal
or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief. 
 “Intercompany Subordination Agreements” means (i) an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Parent, each of the
other Loan Parties, and U.S. Agent, the form and substance of which is reasonably satisfactory to U.S. Agent and (ii) an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Parent, each of
the other Loan Parties, and Canadian Agent, the form and substance of which is reasonably satisfactory to Canadian Agent. 
 “Interest Expense” means, for any period, the aggregate of the interest expense of Parent for such period, determined on a consolidated basis in accordance with GAAP. 

“Interest Period” means, with respect to each LIBOR Rate Loan, a period commencing on the date of the
making of such LIBOR Rate Loan and ending 1, 2, or 3 months thereafter; provided, however, that (a) interest shall accrue at the applicable rate based upon the LIBOR Rate from and including the first day of each Interest Period
to, but excluding, the day on which any Interest Period expires, (b) any Interest Period that would 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, (c) with respect to an 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), the Interest Period shall end on the last Business Day of the calendar month that is 1, 2, or 3 months after the date on which the Interest Period began, as applicable, and
(d) Borrowers may not elect an Interest Period which will end after the Maturity Date. 

“Inventory” means inventory (as that term is defined in the Code or the PPSA, as applicable), including
seismic data to the extent the same is characterized as a good. 

  
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 “Investment” means, with respect to any Person, any
investment by such Person in any other Person (including Affiliates) in the form of loans, guarantees, advances, capital contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the
ordinary course of business, and (b) bona fide Accounts arising in the ordinary course of business), or acquisitions of Indebtedness, Stock, or all or substantially all of the assets of such other Person (or of any division or business
line of such other Person), and any other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. 
 “IRC” means the Internal Revenue Code of 1986, as in effect from time to time. 
 “Issuing Lender” U.S. Issuing Lender and/or Canadian Issuing Lender, as the context requires. 
 “Judgment Currency” has the meaning specified therefor in Section 17.14(a) of the Agreement. 

“Judgment Conversion Date” has the meaning specified therefor in Section 17.14(a) of the
Agreement. 
 “Lender” has the meaning set forth in the preamble to the Agreement, shall
include the Issuing Lender, the Swing Lender and the Canadian Lenders, and shall also include any other Person made a party to the Agreement pursuant to the provisions of Section 13.1 of the Agreement and “Lenders” means
each of the Lenders or any one or more of them. 
 “Lender Group” means the U.S. Lender Group
and the Canadian Lender Group. 
 “Lender Group Expenses” means all (a) costs or expenses
(including taxes, and insurance premiums) required to be paid by Parent or its Subsidiaries under any of the Loan Documents that are paid, advanced, or incurred by the Lender Group, (b) out-of-pocket fees or charges paid or incurred by Agents
in connection with the Lender Group’s transactions with Parent or its Subsidiaries under any of the Loan Documents, including, fees or charges for photocopying, notarization, couriers and messengers, telecommunication, public record searches
(including tax lien, litigation, and UCC searches and including searches with the patent and trademark office, the copyright office, or the department of motor vehicles), filing, recording, publication, appraisal (including periodic collateral
appraisals or business valuations to the extent of the fees and charges (and up to the amount of any limitation) contained in the Agreement or the Fee Letter), real estate surveys, real estate title policies and endorsements, and environmental
audits, (c) Agents’ customary fees and charges (as adjusted from time to time) with respect to the disbursement of funds (or the receipt of funds) to or for the account of Borrowers (whether by wire transfer or otherwise), together with
any out-of-pocket costs and expenses incurred in connection therewith, (d) out-of-pocket charges paid or incurred by Agents resulting from the dishonor of checks payable by or to any 

  
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Loan Party, (e) reasonable out-of-pocket costs and expenses paid or incurred by the Lender Group to correct any default or enforce any provision of the Loan Documents, or during the
continuance of an Event of Default, in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is
consummated, (f) reasonable out-of-pocket audit fees and expenses (including travel, meals, and lodging) of any Agent related to any inspections or audits to the extent of the fees and charges (and up to the amount of any limitation) contained
in the Agreement or the Fee Letter, (g) reasonable out-of-pocket costs and expenses of third party claims or any other suit paid or incurred by the Lender Group in enforcing or defending the Loan Documents or in connection with the transactions
contemplated by the Loan Documents or the Lender Group’s relationship with Parent any of its Subsidiaries, (h) Agents’ reasonable costs and expenses (including reasonable attorneys fees) incurred in advising, structuring, drafting,
reviewing, administering (including travel, meals, and lodging), or amending the Loan Documents, (i) each Agent’s and each Lender’s reasonable costs and expenses (including reasonable attorneys, accountants, consultants, and other
advisors fees and expenses) incurred in terminating, enforcing (including attorneys, accountants, consultants, and other advisors fees and expenses incurred in connection with a “workout,” a “restructuring,” or an Insolvency
Proceeding concerning Parent or any of its Subsidiaries or in exercising rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective of whether suit is brought, or in taking any Remedial Action concerning the
Collateral, and (j) usage charges, charges, fees, costs and expenses for amendments, renewals, extensions, transfers, or drawings from time to time imposed by the Underlying Issuer or incurred by the Issuing Lender in respect of Letters of
Credit and out-of-pocket charges, fees, costs and expenses paid or incurred by the Underlying Issuer or the Issuing Lender in connection with the issuance, amendment, renewal, extension, or transfer of, or drawing under, any Letter of Credit or any
demand for payment thereunder. 
 “Lender Group Representatives” has the meaning specified
therefor in Section 17.9 of the Agreement. 
 “Lender-Related Person” means, with
respect to any Lender, such Lender, together with such Lender’s Affiliates, officers, directors, employees, attorneys, and agents. 
 “Letter of Credit” means the U.S. Letters of Credit and/or the Canadian Letters of Credit, as the context requires. 

“Letter of Credit Collateralization” means either (a) providing cash collateral (pursuant to
documentation reasonably satisfactory to U.S. Agent or Canadian Agent, as applicable, including provisions that specify that the U.S. Letter of Credit or Canadian Letter of Credit, as applicable, fee and all usage charges set forth in the Agreement
will continue to accrue while the U.S. Letters of Credit or Canadian Letters of Credit, as applicable, are outstanding) to be held by such Agent for the benefit of the Lender in an amount equal to 105% of the then existing U.S. Letter of Credit
Usage or an amount equal to 110% of the then existing Canadian Letter of Credit Usage, as 

  
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applicable, (b) delivering to such Agent documentation executed by all beneficiaries under such Letters of Credit, in form and substance reasonably satisfactory to such Agent and the
applicable Issuing Lender, terminating all of such beneficiaries’ rights under such Letters of Credit, or (c) providing such Agent with a standby letter of credit, in form and substance reasonably satisfactory to such Agent, from a
commercial bank acceptable to such Agent (in its sole discretion) in an amount equal to 105% of the then existing U.S. Letter of Credit Usage or an amount equal to 110% of the then existing Canadian Letter of Credit Usage, as applicable (it being
understood that the U.S. Letter of Credit or Canadian Letter of Credit, as applicable, fee and all usage charges set forth in the Agreement will continue to accrue while such Letters of Credit are outstanding and that any such fees that accrue must
be an amount that can be drawn under any such standby letter of credit). 
 “Letter of Credit
Disbursement” means a payment made by an Issuing Lender or an Underlying Issuer pursuant to a Letter of Credit. 
 “Letter of Credit Usage” means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit. 

“LIBOR Deadline” has the meaning specified therefor in Section 2.13(b)(i) of the Agreement.

 “LIBOR Notice” means a written notice in the form of Exhibit L-1. 

“LIBOR Option” has the meaning specified therefor in Section 2.13(a) of the Agreement.

 “LIBOR Rate” means the rate per annum appearing on Bloomberg L.P.’s (the
“Service”) Page BBAM1/(Official BBA USD Dollar Libor Fixings) (or on any successor or substitute page of such Service, or any successor to or substitute for such Service) 2 Business Days prior to the commencement of the requested
Interest Period, for a term and in an amount comparable to the Interest Period and the amount of the LIBOR Rate Loan requested (whether as an initial LIBOR Rate Loan or as a continuation of a LIBOR Rate Loan or as a conversion of a Base Rate Loan to
a LIBOR Rate Loan) by the applicable Borrower in accordance with the Agreement, which determination shall be conclusive in the absence of manifest error. 
 “LIBOR Rate Loan” means each portion of an U.S. Advance that bears interest at a rate determined by reference to the LIBOR Rate. 

“LIBOR Rate Margin” means 3.50% per annum. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit
arrangement, encumbrance, easement, lien (statutory or other), security interest, or other security arrangement and any other preference, priority, or preferential arrangement of any kind or nature whatsoever, including any conditional sale contract
or other title retention agreement, the interest of a lessor under a Capital 

  
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Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing. 

“Loan Account” means the U.S. Loan Account and/or the Canadian Loan Account, as the context requires.

 “Loan Documents” means the Agreement, any Borrowing Base Certificate, the Control
Agreements, the Fee Letter, the Guarantees, the Intercompany Subordination Agreements, the Letters of Credit, the Mortgages, the Security Agreements, the Trademark Security Agreement, any note or notes executed by Borrowers in connection with the
Agreement and payable to any member of the Lender Group, any letter of credit application or letter of credit agreement entered into by any Borrower in connection with the Agreement, and any other instrument or agreement entered into, now or in the
future, by Parent or any of its Subsidiaries and any member of the Lender Group in connection with the Agreement. 
 “Loan Party” means any Borrower or any Guarantor. 

“Margin Stock” as defined in Regulation U of the Board of Governors of the Federal Reserve System as in
effect from time to time. 
 “Material Adverse Change” means (a) a material adverse change
in the business, prospects, operations, results of operations, assets, liabilities or condition (financial or otherwise) of Parent and its Subsidiaries, taken as a whole, (b) a material impairment of Parent’s and its Subsidiaries ability
to perform their obligations under the Loan Documents to which they are parties or of the Lender Group’s ability to enforce the Obligations or realize upon the Collateral, or (c) a material impairment of the enforceability or priority of
Agents’ Liens with respect to the Collateral as a result of an action or failure to act on the part of Parent or its Subsidiaries. 
 “Material Contract” means contracts or agreements, the loss of which could reasonably be expected to result in a Material Adverse Change. 

“Material Subsidiary” means each Subsidiary that is not a Non-Material Subsidiary. 

“Maturity Date” has the meaning specified therefor in Section 3.3 of the Agreement.

 “Maximum Canadian Revolver Amount” means, at any date, an amount equal to the lesser of
(i) $5,000,000 Canadian Dollars, and (ii) the Canadian Borrowing Base on such date. 

“Maximum Revolver Amount” means, at any date, an amount equal to the lesser of (i) $30,000,000, as
may be decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement and as may be increased by the amount of Incremental Revolver Commitments in accordance with
Section 2.15, and (ii) the sum of the U.S. Borrowing Base and the Canadian 

  
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Borrowing Base on such date; provided that, the Maximum Revolver Amount shall not exceed the total cash collected by the Borrowers for the preceding 120 Business Days prior to such date.

 “Moody’s” has the meaning specified therefor in the definition of Cash Equivalents.

 “Mortgages” means, individually and collectively, one or more mortgages, deeds of trust, or
deeds to secure debt, executed and delivered by Parent or its Subsidiaries in favor of the applicable Agent, in form and substance reasonably satisfactory to such Agent, that encumber the Real Property Collateral. 

“Net Cash Proceeds” means: 

(a) with respect to any sale or disposition by Parent or any of its Subsidiaries of assets, the amount of
cash proceeds received (directly or indirectly) from time to time (whether as initial consideration or through the payment of deferred consideration) by or on behalf of Parent or its Subsidiaries, in connection therewith after deducting therefrom
only (i) the amount of any Indebtedness secured by any Permitted Lien on any asset (other than (A) Indebtedness owing to any Agent or any Lender under the Agreement or the other Loan Documents and (B) Indebtedness assumed by the
purchaser of such asset) which is required to be, and is, repaid in connection with such sale or disposition, (ii) reasonable fees, commissions, and expenses related thereto and required to be paid by Parent or such Subsidiary in connection
with such sale or disposition and (iii) taxes paid or payable to any taxing authorities by Parent or such Subsidiary in connection with such sale or disposition, in each case to the extent, but only to the extent, that the amounts so deducted
are, at the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of Parent or any of its Subsidiaries, and are properly attributable to such transaction; and 

(b) with respect to the issuance or incurrence of any Indebtedness by Parent or any of its Subsidiaries,
or the issuance by Parent or any of its Subsidiaries of any shares of its Stock, the aggregate amount of cash received (directly or indirectly) from time to time (whether as initial consideration or through the payment or disposition of deferred
consideration) by or on behalf of Parent or such Subsidiary in connection with such issuance or incurrence, after deducting therefrom only (i) reasonable fees, commissions, and expenses related thereto and required to be paid by Parent or such
Subsidiary in connection with such issuance or incurrence, (ii) taxes paid or payable to any taxing authorities by Parent or such Subsidiary in connection with such issuance or incurrence, in each case to the extent, but only to the extent,
that the amounts so deducted are, at the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of Parent or any of its Subsidiaries, and are properly attributable to such transaction. 

“Net Orderly Liquidation Value” means the net orderly liquidation value of the Data Library determined
by HFBE, Inc. or another independent appraiser reasonably acceptable to Borrowers and U.S. Agent. 

  
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 “New High Yield Notes” means the unsecured senior notes due
2019 issued pursuant to the New High Yield Notes Indenture. 
 “New High Yield Notes Documents”
means the New High Yield Notes, New High Yield Notes Indenture and any other documents entered into in connection with the New High Yield Notes. 
 “New High Yield Notes Indenture” means an Indenture entered into by Parent, as issuer, the guarantors party thereto, and an institution reasonably acceptable to Agents, as trustee, in
form and substance reasonably acceptable to Agents, governing the New High Yield Notes. 
 “Non-Material
Subsidiary” means each and any Subsidiary listed on Schedule E-2 attached hereto, together with such additional Domestic Subsidiaries as may be designated from time to time as a “Non-Material Subsidiary” with the prior
written consent of U.S. Agent or such additional Canadian Subsidiaries as may be designated from time to time as a “Non-Material Subsidiary” with the prior written consent of Canadian Agent so long as in each case such Subsidiary is an
“Unrestricted Subsidiary” or the equivalent under the High Yield Notes Indenture and any other documentation evidencing Indebtedness for borrowed money; provided, however, that any Subsidiary shall cease to be a Non-Material
Subsidiary in the event that, and at such time as, (i) such Subsidiary has assets in excess of $250,000, (ii) such Subsidiary, together with all other Non-Material Subsidiaries, have assets in excess of 5% of the consolidated total assets
of Parent and its Subsidiaries, (iii) such Subsidiary, together with all other Non-Material Subsidiaries, have Cash EBITDA in excess of 5% of the consolidated Cash EBITDA of Parent and its Subsidiaries, in each case exclusive of assets
constituting intercompany receivables, intercompany note payables, and similar intercompany balances or (iv) such Subsidiary ceases to be an “Unrestricted Subsidiary” under the High Yield Notes Indenture or any other documentation
evidencing Indebtedness for borrowed money. 
 “Obligations” means (a) all loans
(including the Advances (inclusive of Protective Advances and Swing Loans)), debts, principal, interest (including any interest that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or
in part as a claim in any such Insolvency Proceeding), reimbursement or indemnification obligations with respect to Reimbursement Undertakings or with respect to Letters of Credit (irrespective of whether contingent), premiums, liabilities
(including all amounts charged to the Loan Account pursuant to the Agreement), obligations (including indemnification obligations), fees (including the fees provided for in the Fee Letter), Lender Group Expenses (including any fees or expenses that
accrue after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), guaranties, and all covenants and duties of any other kind and description owing
by any Loan Party pursuant to or evidenced by the Agreement or any of the other Loan Documents and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter
arising, and including all interest not paid when due and all other expenses or other amounts that 

  
 - 27 -

 
Borrower is required to pay or reimburse by the Loan Documents or by law or otherwise in connection with the Loan Documents, (b) all debts, liabilities, or obligations (including
reimbursement obligations, irrespective of whether contingent) owing by Borrowers or any other Loan Party to an Underlying Issuer now or hereafter arising from or in respect of Underlying Letters of Credit, and (c) all Bank Product Obligations.
Any reference in the Agreement or in the Loan Documents to the Obligations shall include all or any portion thereof and any extensions, modifications, renewals, or alterations thereof, both prior and subsequent to any Insolvency Proceeding.

 “OFAC” means The Office of Foreign Assets Control of the U.S. Department of the Treasury.

 “Originating Lender” has the meaning specified therefor in Section 13.1(e) of
the Agreement. 
 “Overadvance” has the meaning specified therefor in Section 2.5
of the Agreement. 
 “Parent” has the meaning specified therefor in the preamble to the
Agreement. 
 “Participant” has the meaning specified therefor in Section 13.1(e)
of the Agreement. 
 “Participant Register” has the meaning specified therefor in
Section 13.1(i) of the Agreement. 
 “Patriot Act” has the meaning specified
therefor in Section 4.18 of the Agreement. 
 “Payoff Date” means the first date on
which all of the Obligations are paid in full and the Commitments of the Lenders are terminated. 

“Permitted Discretion” means a determination made in the exercise of reasonable (from the perspective of
a secured lender) business judgment. 
 “Permitted Dispositions” means: 

(a) sales, abandonment, or other dispositions of Equipment that is substantially worn, damaged, or obsolete in the
ordinary course of business, 
 (b) licenses and non-monetary exchanges of inventory or data assets in the
ordinary course of business and consistent with past practice, sales or grants of licenses or sublicenses to use the inventory, patents, trade secrets, know-how and other intellectual property, and licenses, leases or subleases of other assets, of
the Parent or any of its Subsidiaries to the extent in the ordinary course of business and consistent with past practice or not materially interfering with the business of Parent and its Subsidiaries, 

  
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 (c) the use or transfer of money or Cash Equivalents in a manner that is not
prohibited by the terms of the Agreement or the other Loan Documents, 
 (d) the licensing, on a non-exclusive
basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business, 
 (e) the granting of Permitted Liens, 
 (f) the sale or discount,
in each case without recourse, of Accounts arising in the ordinary course of business, but only in connection with the compromise or collection thereof, 
 (g) any involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition of use of property, 

(h) the leasing or subleasing of assets of Parent or its Subsidiaries in the ordinary course of business, 

(i) the sale or issuance of Stock of Parent, 

(j) the lapse of registered patents, trademarks and other intellectual property of Parent and its Subsidiaries to the
extent not economically desirable in the conduct of their business and so long as such lapse is not materially adverse to the interests of the Lenders, 
 (k) the making of a Restricted Junior Payment that is expressly permitted to be made pursuant to the Agreement, 
 (l) the making of a Permitted Investment, 
 (m) dispositions of
marketable securities of Texon Petroleum Limited (ASX:TXN), 
 (n) dispositions of other assets received in
connection with the licensing of data in the ordinary course of business, and 
 (o) dispositions of assets
(other than Accounts, intellectual property, licenses, Stock of Subsidiaries of Parent, or Material Contracts) not otherwise permitted in clauses (a) through (m) above so long as made at fair market value and the aggregate fair market
value of all assets disposed of in all such dispositions since the Closing Date (including the proposed disposition) would not exceed $2,000,000. 
 “Permitted Holders” means ValueAct Capital and Centerbridge Capital Partners II, L.P. 

  
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 “Permitted Indebtedness” means: 

(a) Indebtedness evidenced by the Agreement or the other Loan Documents, as well as Indebtedness owed to Underlying
Issuers with respect to Underlying Letters of Credit, 
 (b) Indebtedness set forth on Schedule 4.19 and
any Refinancing Indebtedness in respect of such Indebtedness, 
 (c) Permitted Purchase Money Indebtedness and
any Refinancing Indebtedness in respect of such Indebtedness, 
 (d) endorsement of instruments or other payment
items for deposit, 
 (e) Indebtedness consisting of (i) unsecured guarantees incurred in the ordinary
course of business with respect to surety and appeal bonds, performance bonds, bid bonds, appeal bonds, completion guarantee and similar obligations; (ii) unsecured guarantees arising with respect to customary indemnification obligations to
purchasers in connection with Permitted Dispositions; (iii) unsecured guarantees with respect to Indebtedness of Borrowers or one of their Subsidiaries, to the extent that the Person that is obligated under such guaranty could have incurred
such underlying Indebtedness in accordance with the terms hereof; and (iv) unsecured guarantees in the ordinary course of business of obligations of suppliers, customers, franchisees and licensees of the Loan Parties, 

(f) Indebtedness incurred in the ordinary course of business under performance, surety, statutory, and appeal bonds,

 (g) the incurrence by Parent or its Subsidiaries of Indebtedness under Hedge Agreements that are incurred for
the bona fide purpose of hedging the interest rate, commodity, or foreign currency risks associated with Parent’s and its Subsidiaries’ operations and not for speculative purposes, 

(h) unsecured Indebtedness of Parent owing to former employees, officers, or directors (or any spouses, ex-spouses, or
estates of any of the foregoing) incurred in connection with the repurchase by Parent of the Stock of Parent that has been issued to such Persons, so long as (i) no Default or Event of Default has occurred and is continuing or would result from
the incurrence of such Indebtedness, (ii) the aggregate amount of all such Indebtedness outstanding at any one time does not exceed $2,000,000, and (iii) such Indebtedness is subordinated to the Obligations on terms and conditions
reasonably acceptable to Agents, 
 (i) Indebtedness composing Permitted Investments, 

(j) Indebtedness owed to any Person providing property, casualty, liability, or other insurance to Borrowers or any of
their Subsidiaries consistent with past practice or to any Person in connection with financing the premiums of said insurance, or 

  
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 (k) Permitted Intercompany Advances, 

(l) (i) prior to the High Yield Notes Refinancing, Indebtedness evidenced by the Existing High Yield Notes and
(ii) from and after the High Yield Notes Refinancing, Indebtedness evidenced by either (i) the New High Yield Notes or (ii) the Permitted Second Lien Term Loan Facility, in each case, so long as no Default or Event of Default exists
at the time of issuance of the New High Yield Notes or the incurrence of Indebtedness under the Permitted Second Lien Term Loan Facility, as applicable, and the terms of the New High Yield Notes or the Permitted Second Lien Term Loan Facility, as
applicable, are reasonably acceptable to Agents, or 
 (m) other unsecured Indebtedness in principal amount not
to exceed $1,000,000. 
 “Permitted Intercompany Advances” means (a) loans made by
(i) a U.S. Borrower or U.S. Guarantor to another U.S. Borrower or a U.S. Guarantor, (ii) a Canadian Borrower or a Canadian Guarantor to another Canadian Borrower or a Canadian Guarantor, (iii) a non-Loan Party to another non-Loan
Party, (iv) a non-Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement, and (v) a U.S. Borrower or U.S. Guarantor to a Canadian Borrower or a Canadian Guarantor, or a Canadian
Borrower or Canadian Guarantor to a U.S. Borrower or a U.S. Guarantor, in each case, so long as (x) the amount of such loans does not exceed $15,000,000 outstanding at any one time and (y) no Event of Default has occurred and is continuing
or would result therefrom, and (b) intercompany accounts incurred in the ordinary course of business. 

“Permitted Investments” means: 

(a) Investments in cash and Cash Equivalents, 

(b) Investments in negotiable instruments deposited or to be deposited for collection in the ordinary course of business,

 (c) advances made in connection with purchases of seismic data, goods or services in the ordinary course of
business, 
 (d) Investments received in settlement of amounts due to any Loan Party or any of its Subsidiaries
effected in the ordinary course of business or owing to any Loan Party or any of its Subsidiaries as a result of Insolvency Proceedings involving an Account Debtor or upon the foreclosure or enforcement of any Lien in favor of a Loan Party or its
Subsidiaries, 
 (e) Investments owned by any Loan Party or any of its Subsidiaries on the Closing Date and set
forth on Schedule P-1, 
 (f) guarantees permitted under the definition of Permitted Indebtedness,

 (g) Permitted Intercompany Advances, 

  
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 (h) Stock or other securities acquired in connection with the satisfaction
or enforcement of Indebtedness or claims due or owing to a Loan Party or its Subsidiaries (in bankruptcy of customers or suppliers or otherwise outside the ordinary course of business) or as security for any such Indebtedness or claims, 

(i) deposits of cash made in the ordinary course of business to secure performance of operating leases, 

(j) non-cash loans to employees, officers, and directors of Parent or any of its Subsidiaries for the purpose of
purchasing Stock in Parent so long as the proceeds of such loans are used in their entirety to purchase such stock in Parent, 
 (k) Investments resulting from entering into (i) Bank Product Agreements, or (ii) agreements relative to Indebtedness that is permitted under clause (j) of the definition of Permitted
Indebtedness, 
 (l) Investments, following the date of the Agreement, by any Loan Party or any of its
Subsidiaries in joint ventures not to exceed $10,000,000 in the aggregate, 
 (m) formation of new Subsidiaries
by a Loan Party, provided, that (i) such Subsidiary shall comply with the requirements of Section 5.11, (ii) Parent shall have provided U.S. Agent at least 10 Business Days prior to the formation or acquisition of any such
Subsidiary and (iii) such Subsidiary’s business shall comply with the requirements set forth in Section 6.6, and 
 (n) Investments made in connection with purchases of seismic data. 

“Permitted Liens” means: 

(a) Liens granted to, or for the benefit of, any Agent to secure the Obligations, 

(b) Liens for unpaid taxes, assessments, or other governmental charges or levies that either (i) are not yet
delinquent, or (ii) do not have priority over Agents’ Liens and the underlying taxes, assessments, or charges or levies are the subject of Permitted Protests, 

(c) judgment Liens arising solely as a result of the existence of judgments, orders, or awards that do not constitute an
Event of Default under Section 8.3 of the Agreement, 
 (d) Liens set forth on Schedule P-2;
provided, however, that to qualify as a Permitted Lien, any such Lien described on Schedule P-2 shall only secure the Indebtedness that it secures on the Closing Date and any Refinancing Indebtedness in respect thereof,

 (e) the interests of lessors under operating leases, 

  
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 (f) purchase money Liens or the interests of lessors under Capital Leases to
the extent that such Liens or interests secure Permitted Purchase Money Indebtedness and so long as (i) such Lien attaches only to the asset purchased or acquired and the proceeds thereof, and (ii) such Lien only secures the Indebtedness
that was incurred to acquire the asset purchased or acquired or any Refinancing Indebtedness in respect thereof, 
 (g) Liens arising by operation of law in favor of warehousemen, landlords, carriers, mechanics, materialmen, laborers, or suppliers, incurred in the ordinary course of business and not in connection with
the borrowing of money, and which Liens either (i) are for sums not yet delinquent, or (ii) are the subject of Permitted Protests, 
 (h) Liens on amounts deposited to secure Parent’s and its Subsidiaries obligations in connection with worker’s compensation or other unemployment insurance or in connection with social security
or other such programs, 
 (i) Liens on amounts deposited to secure Parent’s and its Subsidiaries
obligations in connection with the making or entering into of bids, tenders, or leases in the ordinary course of business and not in connection with the borrowing of money, 

(j) Liens on amounts deposited to secure Parent’s and its Subsidiaries reimbursement obligations with respect to
surety or appeal bonds obtained in the ordinary course of business, 
 (k) with respect to any Real Property,
easements, rights of way, and zoning restrictions that do not materially interfere with or impair the use or operation thereof, 
 (l) Liens that are replacements of Permitted Liens to the extent that the original Indebtedness is the subject of permitted Refinancing Indebtedness and so long as the replacement Liens only encumber
those assets that secured the original Indebtedness 
 (m) the Lien granted to Travelers on the Travelers’
Collateral Account, so long as the amount deposited in the Travelers’ Collateral Account does not exceed $500,000, 
 (n) non-exclusive licenses of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business, 

(o) rights of setoff or bankers’ liens upon deposits of cash in favor of banks or other depository institutions,
solely to the extent incurred in connection with the maintenance of such deposit accounts in the ordinary course of business, 
 (p) Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance premiums to the extent the financing is permitted under the
definition of Permitted Indebtedness, 

  
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 (q) Liens in favor of customs and revenue authorities arising as a
matter of law to secure payment of customs duties in connection with the importation of goods, 
 (r) Liens
granted to, or for the benefit of, the Royal Bank of Canada with respect to a credit card held by the Loan Parties in an amount not to exceed CAD$125,000, 
 (s) Liens granted to, or for the benefit of, any agent under the Permitted Second Lien Term Loan Facility to secure the obligations under such facility, or 

(t) Liens relating to other obligations not to exceed $1,000,000 in the aggregate. 

“Permitted Protest” means the right of Parent or any of its Subsidiaries to protest any Lien (other than
any Lien that secures the Obligations), taxes (other than payroll taxes or taxes that are the subject of a United States federal tax lien), or rental payment or other term under any applicable lease, provided that (a) a reserve with respect to
such obligation is established on Parent’s or its Subsidiaries’ books and records in such amount as is required under GAAP, (b) any such protest is instituted promptly and prosecuted diligently by Parent or its Subsidiary, as
applicable, in good faith, and (c) U.S. Agent is satisfied, in its permitted discretion, that, while any such protest is pending, there will be no impairment of the enforceability, validity, or priority of any of Agents’ Liens. 

“Permitted Purchase Money Indebtedness” means, as of any date of determination, Purchase Money
Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $10,000,000. 
 “Permitted Second Lien Term Loan Facility” means a second-lien debt facility providing for term loans (including any notes, guarantees, collateral and security documents, instruments and
agreements executed in connection therewith (including Hedging Obligations related to the Indebtedness incurred thereunder)) with terms and conditions satisfactory to Agents, including, without limitation, intercreditor and subordination provisions
or agreements, as such facility may be amended, amended and restated, supplemented, modified, refinanced, replaced or otherwise restructured, in whole or in part from time to time so long as the terms of such amendment, restatement or other
modification are satisfactory to Agents. 
 “Person” means natural persons, corporations,
limited liability companies, limited partnerships, general partnerships, limited liability partnerships, joint ventures, trusts, land trusts, business trusts, or other organizations, irrespective of whether they are legal entities, and governments
and agencies and political subdivisions thereof. 
 “PPSA” means collectively the Personal
Property Security Act (Alberta) and (British Columbia) (as each may be amended and in effect from time to time) or any other applicable Canadian federal or provincial statute pertaining to the granting, perfecting, priority or ranking of security
interests, liens, hypothecs on personal property, and any successor statutes, together with any regulations thereunder, as in effect from 

  
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time to time. References to sections of the PPSA shall be construed to also refer to any successor sections. 

“Projections” means Parent’s forecasted (a) balance sheets, (b) profit and loss
statements, and (c) cash flow statements, all prepared on a basis consistent with Parent’s historical consolidated financial statements, together with appropriate supporting details and a statement of underlying assumptions. 

“Pro Rata Share” means, as of any date of determination: 

(a) with respect to a U.S. Lender’s obligation to make U.S. Advances and right to receive payments of principal,
interest, fees, costs, and expenses with respect thereto, (i) prior to the Revolver Commitments of U.S. Lenders being terminated or reduced to zero, the percentage obtained by dividing (y) such U.S. Lender’s Revolver Commitment, by
(z) the aggregate Revolver Commitments of all U.S. Lenders, and (ii) from and after the time that the Revolver Commitments of U.S. Lenders have been terminated or reduced to zero, the percentage obtained by dividing (y) the
outstanding principal amount of such U.S. Lender’s U.S. Advances by (z) the outstanding principal amount of all U.S. Advances, 
 (b) with respect to a U.S. Lender’s obligation to participate in U.S. Letters of Credit and Reimbursement Undertakings, to reimburse U.S. Issuing Lender, and right to receive payments of fees with
respect thereto, (i) prior to the Revolver Commitments of U.S. Lenders being terminated or reduced to zero, the percentage obtained by dividing (y) such U.S. Lender’s Revolver Commitment, by (z) the aggregate Revolver Commitments
of all U.S. Lenders, and (ii) from and after the time that the Revolver Commitments of U.S. Lenders have been terminated or reduced to zero, the percentage obtained by dividing (y) the outstanding principal amount of such U.S.
Lender’s U.S. Advances by (z) the outstanding principal amount of all U.S. Advances; provided, however, that if all of the U.S. Advances have been repaid in full and U.S. Letters of Credit remain outstanding, Pro Rata Share
under this clause shall be determined based upon subclause (i) of this clause as if the Revolver Commitments of U.S. Lenders had not been terminated or reduced to zero and based upon the Revolver Commitments of U.S. Lenders as they existed
immediately prior to their termination or reduction to zero, or 
 (c) with respect to a Canadian Lender’s
obligation to make Canadian Advances and right to receive payments of principal, interest, fees, costs, and expenses with respect thereto, (i) prior to the Revolver Commitments of Canadian Lenders being terminated or reduced to zero, the
percentage obtained by dividing (y) such Canadian Lender’s Revolver Commitment, by (z) the aggregate Revolver Commitments of all Canadian Lenders, and (ii) from and after the time that the Revolver Commitments of Canadian Lenders
have been terminated or reduced to zero, the percentage obtained by dividing (y) the outstanding principal amount of such Canadian Lender’s Canadian Advances by (z) the outstanding principal amount of all Canadian Advances,

  
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 (d) with respect to a Canadian Lender’s obligation to participate in
Canadian Letters of Credit and Reimbursement Undertakings, to reimburse Canadian Issuing Lender, and right to receive payments of fees with respect thereto, (i) prior to the Revolver Commitments of Canadian Lenders being terminated or reduced
to zero, the percentage obtained by dividing (y) such Canadian Lender’s Revolver Commitment, by (z) the aggregate Revolver Commitments of all Canadian Lenders, and (ii) from and after the time that the Revolver Commitments of
Canadian Lenders have been terminated or reduced to zero, the percentage obtained by dividing (y) the outstanding principal amount of such Canadian Lender’s Canadian Advances by (z) the outstanding principal amount of all Canadian
Advances; provided, however, that if all of the Canadian Advances have been repaid in full and Canadian Letters of Credit remain outstanding, Pro Rata Share under this clause shall be determined based upon subclause (i) of this
clause as if the Revolver Commitments of Canadian Lenders had not been terminated or reduced to zero and based upon the Revolver Commitments of Canadian Lenders as they existed immediately prior to their termination or reduction to zero, or

 (e) with respect to all other matters as to a particular Lender (including the indemnification obligations
arising under Section 15.7 of the Agreement), (i) prior to the Revolver Commitments being terminated or reduced to zero, the percentage obtained by dividing (y) such Lender’s Revolver Commitment, by (z) the aggregate
amount of Revolver Commitments of all Lenders, and (ii) from and after the time that the Revolver Commitments have been terminated or reduced to zero, the percentage obtained by dividing (y) the outstanding principal amount of such
Lender’s Advances, by (z) the outstanding principal amount of all Advances; provided, however, that if all of the Advances have been repaid in full and Letters of Credit remain outstanding, Pro Rata Share under this clause
shall be determined based upon subclause (i) of this clause as if the Revolver Commitments had not been terminated or reduced to zero and based upon the Revolver Commitments as they existed immediately prior to their termination or reduction to
zero. 
 “Protective Advances” has the meaning specified therefor in Section 2.3(d)
of the Agreement. 
 “Purchase Money Indebtedness” means Indebtedness (other than the
Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof. 

“Qualified Cash” means, as of any date of determination, the Dollar Equivalent of the amount of
unrestricted cash and Cash Equivalents of Parent and its Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof, and which such Deposit Account or Securities Account is the subject of a Control Agreement and
is maintained by a branch office of the bank or securities intermediary located within the United States or Canada. 
 “Real Property” means any estates or interests in real property now owned or hereafter acquired by Parent or its Subsidiaries and the improvements thereto. 

  
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 “Real Property Collateral” means the Real Property
identified on Schedule R-1 and any Real Property hereafter acquired by Parent or its Subsidiaries. 

“Record” means information that is inscribed on a tangible medium or that is stored in an electronic or
other medium and is retrievable in perceivable form. 
 “Refinancing Indebtedness” means
refinancings, renewals, or extensions of Indebtedness so long as: 
 (a) such refinancings, renewals, or
extensions do not result in an increase in the principal amount of the Indebtedness so refinanced, renewed, or extended, other than by the amount of premiums paid thereon and the fees and expenses incurred in connection therewith and by the amount
of unfunded commitments with respect thereto, 
 (b) such refinancings, renewals, or extensions do not result in
a shortening of the average weighted maturity (measured as of the refinancing, renewal, or extension) of the Indebtedness so refinanced, renewed, or extended, nor are they on terms or conditions that, taken as a whole, are or could reasonably be
expected to be materially adverse to the interests of the Lenders, 
 (c) if the Indebtedness that is
refinanced, renewed, or extended was subordinated in right of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension must include subordination terms and conditions that are at least as favorable to the
Lender Group as those that were applicable to the refinanced, renewed, or extended Indebtedness, and 
 (d) the
Indebtedness that is refinanced, renewed, or extended is not recourse to any Person that is liable on account of the Obligations other than those Persons which were obligated with respect to the Indebtedness that was refinanced, renewed, or
extended. 
 “Register” and “Registers” have the meaning specified therefor in
Section 13.1(h) of the Agreement. 
 “Registered Loan” has the meaning specified
therefor in Section 13.1(h) of the Agreement. 
 “Related Fund” means, with respect
to any Lender that is an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Remedial Action” means all actions taken to (a) clean up, remove, remediate, contain, treat,
monitor, assess, evaluate, or in any way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened release of Hazardous Materials so they do not migrate or endanger or threaten to endanger
public health or welfare or the indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, 

  
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investigations, or post-remedial operation and maintenance activities, or (e) conduct any other actions with respect to Hazardous Materials required by Environmental Laws. 

“Replacement Lender” has the meaning specified therefor in Section 2.14(b) of the Agreement.

 “Report” has the meaning specified therefor in Section 15.16 of the Agreement.

 “Required Canadian Lenders” means, at any time, Canadian Lenders whose aggregate Pro Rata
Shares (calculated under clause (c) of the definition of Pro Rata Shares) exceed 50%; provided, however, that at any time there are 2 or more U.S. Lenders, “Required Lenders” must include at least 2 Canadian Lenders.

 “Required Lenders” means, at any time, Lenders whose aggregate Pro Rata Shares (calculated
under clause (c) of the definition of Pro Rata Shares) exceed 50%; provided, however, that at any time there are 2 or more Lenders, “Required Lenders” must include at least 2 Lenders. 

“Required U.S. Lenders” means, at any time, U.S. Lenders whose aggregate Pro Rata Shares (calculated
under clause (c) of the definition of Pro Rata Shares) exceed 50%; provided, however, that at any time there are 2 or more U.S. Lenders, “Required Lenders” must include at least 2 U.S. Lenders. 

“Restricted Junior Payment” means to (a) declare or pay any dividend or make any other payment or
distribution on account of Stock issued by Parent (including any payment in connection with any merger or consolidation involving Parent) or to the direct or indirect holders of Stock issued by Parent in their capacity as such (other than dividends
or distributions payable in Stock issued by Parent, or (b) purchase, redeem, or otherwise acquire or retire for value (including in connection with any merger or consolidation involving Parent) any Stock issued by Parent. 

“Restrictive Agreement” means any agreement (other than a Loan Document) that conditions or restricts
the right of any Loan Party or any Subsidiary thereof to incur or repay Indebtedness, to grant Liens on any assets, to declare or make Restricted Junior Payments, to modify, extend or renew any agreement evidencing Indebtedness, or to repay any
intercompany Indebtedness. 
 “Revolver Commitment” means, with respect to each Lender, its
Revolver Commitment, and, with respect to all Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and
Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 and pursuant to
Incremental Revolver Commitments made in accordance with the provisions of Section 2.15. 

  
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 “Revolver Usage” means, as of any date of determination,
the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage. 
 “Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by
a country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and enforced by OFAC. 

“Sanctioned Person” means a person named on the list of Specially Designated Nationals maintained by
OFAC. 
 “S&P” has the meaning specified therefor in the definition of Cash Equivalents.

 “SEC” means the United States Securities and Exchange Commission and any successor thereto.

 “Securities Account” means a securities account (as that term is defined in the Code).

 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any
successor statute. 
 “Security Agreements” means the U.S. Security Agreement and the Canadian
Security Agreement. 
 “Seitel Holdings” means Seitel Holdings, Inc., a Delaware corporation.

 “Settlement” has the meaning specified therefor in Section 2.3(e)(i) of the
Agreement. 
 “Settlement Date” has the meaning specified therefor in
Section 2.3(e)(i) of the Agreement. 
 “Solvent” means, with respect to any Person
on a particular date, that, at fair valuations, the sum of such Person’s assets is greater than all of such Person’s debts, excluding intercompany debt; provided, however, each Loan Party agrees that any such intercompany debt shall be
deemed to have been contributed to capital or waived as of the date hereof in the event any challenge is raised to the validity of any Guaranty. 
 “Statutory Lien Payments” has the meaning specified therefor in Section 4.30 of the Agreement. 

“Stock” means all shares, options, warrants, interests, participations, or other equivalents (regardless
of how designated) of or in a Person, whether voting or nonvoting, including common stock, preferred stock, or any other “equity security” (as 

  
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such term is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act). 

“Subsidiary” of a Person means a corporation, partnership, limited liability company, or other entity in
which that Person directly or indirectly owns or controls the shares of Stock having ordinary voting power to elect a majority of the board of directors (or appoint other comparable managers) of such corporation, partnership, limited liability
company, or other entity. 
 “Supporting Obligations” means supporting obligations (as such
term is defined in the Code). 
 “Swing Lender” means U.S. Swing Lender and/or Canadian Swing
Lender, as the context requires. 
 “Swing Loan” means the U.S. Swing Loan and/or the Canadian
Swing Loan, as the context requires. 
 “Taxes” means any taxes, levies, imposts, duties, fees,
assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein and all interest, penalties or similar liabilities with respect thereto;
provided, however, that Taxes shall exclude (i) any tax imposed on the net income or net profits of any Lender or any Participant (including any branch profits taxes), in each case imposed by the jurisdiction (or by any political
subdivision or taxing authority thereof) in which such Lender or such Participant is organized or the jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender’s or such Participant’s principal office
is located or as a result of a present or former connection between such Lender or such Participant and the jurisdiction or taxing authority imposing the tax (other than any such connection arising solely from such Lender or such Participant having
executed, delivered or performed its obligations or received payment under, or enforced its rights or remedies under the Agreement or any other Loan Document); (ii) taxes resulting from a Lender’s or a Participant’s failure to comply
with the requirements of Section 16(d), (e) or (f) of the Agreement; (iii) any United States federal withholding taxes that would be imposed on amounts payable to a Foreign Lender based upon the applicable
withholding rate in effect at the time such Foreign Lender becomes a party to the Agreement (or designates a new lending office), except that Taxes shall include any amount that such Foreign Lender (or its assignor, if any) was previously
entitled to receive pursuant to Section 16(a) of the Agreement, if any, with respect to such withholding tax at the time of such assignment (or designation of a new lending office); and (iv) any United States federal withholding Tax
that would not have been imposed but for a failure by such Lender or Participant (or any financial institution through which any payment is made to such recipient) to comply with the applicable requirements of FATCA. 

“Tax Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement.

  
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 “Total Outstandings” means the sum of the outstanding
principal amounts of all Advances, Swing Loans and the face amount of all Letters of Credit, determined as of the close of business on each Business Day after giving effect to all changes in Total Outstandings during such Business Day. 

“Trademark Security Agreement” means that certain trademark security agreement, dated as of even date
with the Agreement, executed and delivered by each Loan Party party thereto in favor of the applicable Agent, for the benefit of the applicable Lender Group and the applicable Bank Product Providers, in form and substance reasonably satisfactory to
such Agent. 
 “Travelers’ Collateral Account” means that certain Smith Barney Collateral
Pledge Account (or any replacement thereof), which has been established to provide cash collateral to Travelers Casualty and Surety Company of America (“Travelers”) in connection with the issuance and continuation of surety bonds in
an amount not to exceed approximately $500,000, issued by Travelers on behalf of the Borrowers, pursuant to one or more General Contracts of Indemnity between one or more of the Borrowers, as indemnitor(s), and Travelers, as indemnitee or surety.

 “U.S. Advances” has the meaning specified therefor in Section 2.1(a) of the
Agreement. 
 “U.S. Agent” has the meaning specified therefor in the preamble to the Agreement.

 “U.S. Availability” means, as of any date of determination, the amount that U.S. Borrowers
are entitled to borrow as U.S. Advances hereunder (after giving effect to all then outstanding U.S. Obligations (other than U.S. Bank Product Obligations) and all sublimits and reserves imposed in accordance with the terms hereof and then applicable
hereunder). 
 “U.S. Bank Product Obligations” means (a) all obligations, liabilities,
reimbursement obligations, fees, or expenses owing by any U.S. Borrower or U.S. Guarantor and their Domestic Subsidiaries to any U.S. Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the
payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, (b) all Hedge Obligations of a U.S. Borrower or Domestic Subsidiary, and (c) all amounts that any Agent or any
Lender is obligated to pay to a U.S. Bank Product Provider as a result of such Agent or such Lender purchasing participations from, or executing guarantees or indemnities or reimbursement obligations to, a U.S. Bank Product Provider with respect to
the Bank Products provided by such U.S. Bank Product Provider to such U.S. Borrower or U.S. Guarantor or their Domestic Subsidiaries. 
 “U.S. Bank Product Provider” means Wells Fargo or any of its Affiliates. 
 “U.S. Bank Product Reserve Amount” means, as of any date of determination, the Dollar or Canadian Dollar amount of reserves that the applicable

  
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Agent has established (based upon the Bank Product Providers’ reasonable determination of its credit exposure to Parent and its Subsidiaries in respect of U.S. Bank Product Obligations with
respect to U.S. Borrower in respect of Dollars or Canadian Dollars, as the case may be) in respect of Bank Products then provided or outstanding. 
 “U.S. Borrower” has the meaning specified therefor in the preamble to the Agreement. 
 “U.S. Borrowing” means a borrowing hereunder consisting of U.S. Advances made on the same day by a U.S. Lender (or U.S. Agent on behalf thereof), or by a U.S. Swing Lender in the case of
a U.S. Swing Loan, or by U.S. Agent in the case of a U.S. Protective Advance, in each case, to a U.S. Borrower. 

“U.S. Borrowing Base” means as of any date of determination, with respect to each U.S. Borrower and U.S.
Guarantor, an amount equal to the sum of: (i) 85% of Eligible Cash Resale Accounts Receivable, less the amount, if any, of the Dilution Reserve; plus (ii) 85% of Eligible Acquisition Accounts Receivable, less the amount, if any, of the
Dilution Reserve; plus (iii) the lesser of (a) 85% of Eligible Extended Term Accounts Receivable, less the amount, if any, of the Dilution Reserve, and (b) $10.0 million; plus (iv) 85% of Eligible Reproduction and Delivery and
Data Processing Accounts Receivable, less the amount, if any, of the Dilution Reserve; plus (v) up to $17.0 million advance against 85% of the Net Orderly Liquidation Value of the Data Library; minus (v) Applicable U.S. Reserves.

 “U.S. Borrowing Base Excess” has the meaning set forth in Section 2.4(e)(i) of
the Agreement. 
 “U.S. Collateral” means all assets and interests in assets and proceeds
thereof now owned or hereafter acquired by any U.S. Borrower or U.S. Guarantor or their Domestic Subsidiaries in or upon which a Lien is granted by such Person in favor of U.S. Agent or the U.S. Lenders under any of the Loan Documents. 

“U.S. Designated Account” means the U.S. bank account of U.S. Borrowers identified on Schedule
D-1. 
 “U.S. Guarantors” means each U.S. Borrower and each Domestic Subsidiary of Parent
that is a Material Subsidiary (other than any Material Subsidiary that is not required to become a Guarantor pursuant to Section 5.11), and each other Person that becomes a U.S. Guarantor after the Closing Date pursuant to
Section 5.11 of the Agreement, and “U.S. Guarantor” means any one of them. 

“U.S. Guaranty” means that certain general continuing guaranty, dated as of even date with the
Agreement, executed and delivered by each extant U.S. Guarantor in favor of U.S. Agent, for the benefit of the U.S. Lender Group and the U.S. Bank Product Providers, in form and substance reasonably satisfactory to U.S. Agent. 

“U.S. Issuing Lender” means WFCF or any other U.S. Lender that, at the request of any U.S. Borrower and
with the consent of U.S. Agent, agrees, in such U.S. 

  
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Lender’s sole discretion, to become a U.S. Issuing Lender for the purpose of issuing U.S. Letters of Credit or Reimbursement Undertakings pursuant to Section 2.11 of the Agreement and
the U.S. Issuing Lender shall be a U.S. Lender. 
 “U.S. Lenders” means Lenders that make U.S.
Advances under the Agreement. 
 “U.S. Letter of Credit” means a letter of credit (as that term
is defined in the Code) issued by U.S. Issuing Lender or U.S. Underlying Issuer, as the context requires, to a U.S. Borrower. 
 “U.S. Letter of Credit Usage” means, as of any date of determination, the aggregate undrawn amount of all outstanding U.S. Letters of Credit. 

“U.S. Loan Account” has the meaning specified therefor in Section 2.9 of the Agreement.

 “U.S. Lender Group” means each of the U.S. Lenders (including U.S. Issuing Lender and U.S.
Swing Lender) and U.S. Agent, or any one or more of them. 
 “U.S. Maximum Revolver Amount”
means, at any date, an amount equal to the lesser of (i) $30,000,000, as may be decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement and as may be increased by the
amount of Incremental Revolver Commitments in accordance with Section 2.15, (ii) the U.S. Borrowing Base on such date and (iii) the Maximum Revolver Amount. 

“U.S. Obligations” means all Obligations of any U.S. Borrower or U.S. Guarantor. 

“U.S. Overadvance” has the meaning specified therefor in Section 2.5 of the Agreement.

 “U.S. Protective Advances” has the meaning specified therefor in Section 2.3(d)
of the Agreement. 
 “U.S. Reimbursement Undertaking” has the meaning set forth in
Section 2.11(a) of the Agreement. 
 “U.S. Revolver Usage” means, as of any date of
determination, the sum of (a) the amount of outstanding U.S. Advances, plus (b) the amount of the U.S. Letter of Credit Usage. 
 “U.S. Security Agreement” means a security agreement, dated as of even date with the Agreement, in form and substance reasonably satisfactory to U.S. Agent, executed and delivered by the
U.S. Borrowers and U.S. Guarantors to U.S. Agent. 

  
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 “U.S. Swing Lender” means WFCF or any other U.S. Lender
that, at the request of a U.S. Borrower and with the consent of U.S. Agent agrees, in such U.S. Lender’s sole discretion, to become the U.S. Swing Lender under Section 2.3(b) of the Agreement. 

“U.S. Swing Loan” has the meaning specified therefor in Section 2.3(b) of the Agreement.

 “U.S. Underlying Issuer” means Wells Fargo or one of its Affiliates. 

“U.S. Underlying Letter of Credit” means a Letter of Credit that has been issued by an Underlying
Issuer. 
 “Underlying Issuer” means U.S. Underlying Issuer and/or Canadian Underlying Issuer,
as the context requires. 
 “Underlying Letter of Credit” means a U.S. Letter of Credit and/or
a Canadian Letter of Credit, as the context requires. 
 “United States” means the United
States of America. 
 “ValueAct Capital” means ValueAct Capital Master Fund, L.P., a British
Virgin Islands limited partnership, ValueAct Capital Partners, L.P., ValueAct Capital Partners II, L.P., ValueAct Capital International, Ltd. and its successor ValueAct Capital International I, L.P., Value Act Capital International II, L.P., VA
Partners, LLC, ValueAct Capital Management LLC, or other affiliated Persons under common Control. 

“Voidable Transfer” has the meaning specified therefor in Section 17.8 of the Agreement.

 “Wells Fargo” means Wells Fargo Bank, National Association, a national banking association.

 “WFCF” means Wells Fargo Capital Finance, LLC, a Delaware limited liability company.

 “WFCFCC” means Wells Fargo Capital Finance Corporation Canada, a corporation incorporated
under the laws of Ontario. 

  
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 EXHIBIT A-1 

FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT 

This ASSIGNMENT AND ACCEPTANCE AGREEMENT (“Assignment Agreement”) is entered into as of
                     between
                     (“Assignor”) and
                     (“Assignee”). Reference is made to the Agreement described in Annex I hereto (the “Credit
Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Credit Agreement. 
 1. In accordance with the terms and conditions of Section 13 of the Credit Agreement, the Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from
the Assignor, that interest in and to the Assignor’s rights and obligations under the Loan Documents as of the date hereof with respect to the Obligations owing to the Assignor, and Assignor’s portion of the Commitments, all to the extent
specified on Annex I. 
 2. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim and (ii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment Agreement and to consummate the transactions contemplated hereby; (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, representations or warranties made in or in connection
with the Loan Documents, or (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any other instrument or document furnished pursuant thereto; (c) makes no representation or
warranty and assumes no responsibility with respect to the financial condition of any Borrower or any Guarantor or the performance or observance by any Borrower or any Guarantor of any of their respective obligations under the Loan Documents or any
other instrument or document furnished pursuant thereto, and (d) represents and warrants that the amount set forth as the Purchase Price on Annex I represents the amount owed by Borrower to Assignor with respect to Assignor’s share
of the Advances assigned hereunder, as reflected on Assignor’s books and records. 
 3. The Assignee
(a) confirms that it has received copies of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Assignment Agreement; (b) agrees that it will, independently and without reliance upon any Agent, Assignor, or any other Lender, based upon such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking any action under the Loan Documents; (c) confirms that it is an Eligible Transferee; (d) appoints and authorizes the Agents to take such action as
agent on its behalf and to exercise such powers under the Loan Documents as are delegated to Agents by the terms thereof, together with such powers as are reasonably incidental thereto; (e) agrees that it will perform in accordance with their
terms all of the obligations which 

 
by the terms of the Loan Documents are required to be performed by it as a Lender; [and (f) attaches the forms prescribed by the Internal Revenue Service of the United States certifying as
to the Assignee’s status for purposes of determining exemption from United States withholding taxes with respect to all payments to be made to the Assignee under the Credit Agreement or such other documents as are necessary to indicate that all
such payments are subject to such rates at a rate reduced by an applicable tax treaty.] 
 4. Following the
execution of this Assignment Agreement by the Assignor and Assignee, the Assignor will deliver this Assignment Agreement to the U.S. Agent or the Canadian Agent, as applicable for recording by such Agent. The effective date of this Assignment (the
“Settlement Date”) shall be the latest to occur of (a) the date of the execution and delivery hereof by the Assignor and the Assignee, (b) unless waived by the U.S. Agent or the Canadian Agent, as applicable, the receipt by such
Agent for its sole and separate account a processing fee in the amount of $3,500, (c) the receipt of any required consent of the Agents, and (d) the date specified in Annex I. 

5. As of the Settlement Date (a) the Assignee shall be a party to the Credit Agreement and, to the extent of the
interest assigned pursuant to this Assignment Agreement, have the rights and obligations of a Lender thereunder and under the other Loan Documents, and (b) the Assignor shall, to the extent of the interest assigned pursuant to this Assignment
Agreement, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents, provided, however, that nothing contained herein shall release any assigning Lender from obligations that
survive the termination of this Agreement, including such assigning Lender’s obligations under Article 15 and Section 17.9(a) of the Credit Agreement. 

6. Upon the Settlement Date, Assignee shall pay to Assignor the Purchase Price (as set forth in Annex I). From and
after the Settlement Date, the U.S. Agent or the Canadian Agent, as applicable, shall make all payments that are due and payable to the holder of the interest assigned hereunder (including payments of principal, interest, fees and other amounts) to
Assignor for amounts which have accrued up to but excluding the Settlement Date and to Assignee for amounts which have accrued from and after the Settlement Date. On the Settlement Date, Assignor shall pay to Assignee an amount equal to the portion
of any interest, fee, or any other charge that was paid to Assignor prior to the Settlement Date on account of the interest assigned hereunder and that are due and payable to Assignee with respect thereto, to the extent that such interest, fee or
other charge relates to the period of time from and after the Settlement Date. 
 7. This Assignment Agreement
may be executed in counterparts and by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. This Assignment Agreement
may be executed and delivered by telecopier or other facsimile transmission all with the same force and effect as if the same were a fully executed and delivered original manual counterpart. 

 8. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement
and Annex I hereto to be executed by their respective officers, as of the first date written above. 
  

			
	 [NAME OF ASSIGNOR],
 as Assignor

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	
	
	 [NAME OF ASSIGNEE],
 as Assignee

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  

			
	 ACCEPTED THIS              DAY OF
                     

	
	 [WELLS FARGO CAPITAL FINANCE, LLC,

a Delaware limited liability company, as U.S. Agent

		
	 By
	 	 
	 Name:
	 	
	 Title:]
	 	
	
	 [WELLS FARGO CAPITAL CORPORATION
CANADA,

a corporation incorporated under the laws of the
Province of Ontario, as Canadian Agent

		
	 By
	 	 
	 Name:
	 	
	 Title:]
	 	
	
	 [SEITEL, INC.1
 a Delaware corporation,

		
	 By
	 	 
	 Name:
	 	
	 Title:]
	 	

  

	
1 
	 If required by the provisions of the Credit Agreement. 

 ANNEX FOR ASSIGNMENT AND ACCEPTANCE 

ANNEX I 
  

			
	 1.        U.S. Borrowers: Seitel, Inc., a Delaware
corporation and any other Domestic Subsidiary of Seitel, Inc. designated from time to time as a “U.S. Borrower” under the Credit Agreement.

	  
 2.        Canadian Borrowers: Olympic Seismic Ltd., a corporation incorporated under the laws of the Province of Alberta, and any other Canadian Subsidiary of
Seitel, Inc. designated from time to time as a “Canadian Borrower” under the Credit Agreement.

	  
 2.        Name and Date of Credit Agreement:

	  
 Credit
Agreement, dated as of May 25, 2011, by and among U.S. Borrower, Canadian Borrower, the lenders from time to time party thereto (the “Lenders”), Wells Fargo Capital Finance, LLC, a Delaware limited liability company, as
administrative agent and collateral agent for the U.S. Lenders (in such capacity, together with its permitted successors and assigns in such capacity, “U.S. Agent”), and Wells Fargo Capital Finance Corporation Canada, a corporation
incorporated under the laws of the Province of Ontario, as administrative agent and collateral agent for the Canadian Lenders (in such capacity, together with its permitted successors and assigns in such capacity, “Canadian
Agent”).

	  

3.        Date of Assignment Agreement:
	  	   _____

	  
 4.        Amounts:

	  

a.      Assigned Amount of Revolver Commitment
	  	 $            

	  

b.      Assigned Amount of Advances
	  	 $            

	  

5.        Settlement Date:
	  	   _____

	  

6.        Purchase Price
	  	 $            

	  
 7.        Notice and Payment Instructions, etc.

  

							
	 Assignee:
	  	 	  	 Assignor:
	  	 
	 	  		  	 	  	
	 	  		  	 	  	
	 	  		  	 	  	

	 8.
	 Agreed and Accepted: 

  

									
	 [ASSIGNOR]
	 		 	 [ASSIGNEE]

					
	 By:
	 	 	 		 	 By:
	 	 
	 Title:
	 		 		 	 Title:
	 	 

  

					
	 Accepted:

	 [WELLS FARGO CAPITAL FINANCE, LLC,

a Delaware limited liability company, as U.S. Agent

		
	 By
	 	 
		 	 Name:
	 	
		 	 Title:]
	 	
	
	 [WELLS FARGO CAPITAL CORPORATION
CANADA,

a corporation incorporated under the laws of the
Province of Ontario, as Canadian Agent

		
	 By
	 	 
		 	 Name:
	 	
		 	 Title:]
	 	

 Exhibit 10.1(b) 

EXHIBIT B-1 

 

 

 

 

 

 

 

 

 EXHIBIT C-1 

FORM OF COMPLIANCE CERTIFICATE 
 [Seitel Inc.’s letterhead] 
  

	 To:
	 [Wells Fargo Capital Finance, LLC 

 One Boston Place 
 Boston, MA 02108

Attn: Business Finance Division Manager] 
  

	 	 Re:
	 Compliance Certificate dated             

Ladies and Gentlemen: 
 Reference is made to that certain Credit Agreement (the “Credit Agreement”) dated as of May 25, 2011, by and among by and among Seitel, Inc., a Delaware corporation
(“Parent or U.S. Borrower”), Olympic Seismic Ltd., a corporation incorporated under the laws of the Province of Alberta (“Canadian Borrower”), the lenders signatory thereto (the “Lenders”),
Wells Fargo Capital Finance, LLC, a Delaware limited liability company, as administrative agent and collateral agent for the U.S. Lenders (in such capacity, together with its permitted successors and assigns in such capacity, “U.S.
Agent”), and Wells Fargo Capital Finance Corporation Canada, a corporation incorporated under the laws of the Province of Ontario, as administrative agent and collateral agent for the Canadian Lenders (in such capacity, together with its
permitted successors and assigns in such capacity, “Canadian Agent”). 
 Pursuant to
Schedule 5.1 of the Credit Agreement, the undersigned officer of Parent hereby certifies that: 
 1. The
financial information of Parent and its Subsidiaries furnished in Schedule 1 attached hereto, has been prepared in accordance with GAAP (except for year-end adjustments and the lack of footnotes), and fairly presents in all material respects
the financial condition of Parent and its Subsidiaries. 
 2. Such officer has reviewed the terms of the Credit
Agreement and has made, or caused to be made under his/her supervision, a review in reasonable detail of the transactions and condition of Parent and its Subsidiaries during the accounting period covered by the financial statements delivered
pursuant to Schedule 5.1 of the Credit Agreement. 
 3. Such review has not disclosed the existence on
and as of the date hereof, and the undersigned does not have knowledge of the existence as of the date hereof, of any event or condition that constitutes a Default or Event of Default, except for such conditions or events listed on Schedule 2
attached hereto, specifying the nature and period of existence thereof and 

 
what action Parent and its Subsidiaries have taken, are taking, or propose to take with respect thereto. 
 4. The representations and warranties of Parent and its Subsidiaries set forth in the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the date
hereof (except to the extent they relate to a specified date), except as set forth on Schedule 3 attached hereto. 
 5. Parent and its Subsidiaries are in compliance with the applicable covenant contained in Section 7 of the Credit Agreement as demonstrated on Schedule 4 hereof. 

 IN WITNESS WHEREOF, this Compliance Certificate is executed by the
undersigned this                  day of
                            ,
                . 
  

			
	 SEITEL, INC.

		
	 By:
	 	 
	 Name:
	 	  

	 Title:
	 	

 SCHEDULE 1 

Financial Information 

 SCHEDULE 2 

Default or Event of Default 

 SCHEDULE 3 

Representations and Warranties 

 SCHEDULE 4 

Financial Covenant 
 Fixed Charge Coverage Ratio. 
 Parent’s and its
Subsidiaries’ Fixed Charge Coverage Ratio, measured on a quarterly basis, for the fiscal quarter ending                     ,
                     is             :1.0, which [is/is not] greater
than or equal to 1.0:1.0, and Excess Availability for the fiscal quarter ending                         ,
                         is
$                    , which [is/is not] greater than or equal to $10,000,000. 

 EXHIBIT L-1 

FORM OF LIBOR NOTICE 
 Wells Fargo Capital Finance, LLC, as U.S. Agent 
 One Boston Place 

Boston, MA 02108 

Ladies and Gentlemen: 
 Reference hereby is made to that certain Credit Agreement, dated as of May 25, 2011 (the “Credit Agreement”), by and among Seitel, Inc., a Delaware corporation (“U.S.
Borrower”), Olympic Seismic Ltd., a corporation incorporated under the laws of the Province of Alberta (“Canadian Borrower”), the lenders signatory thereto (the “Lenders”), Wells Fargo Capital Finance, LLC,
a Delaware limited liability company, as administrative agent and collateral agent for the U.S. Lenders (in such capacity, together with its permitted successors and assigns in such capacity, “U.S. Agent”), and Wells Fargo Capital
Finance Corporation Canada, a corporation incorporated under the laws of the Province of Ontario, as administrative agent and collateral agent for the Canadian Lenders (in such capacity, together with its permitted successors and assigns in such
capacity, “Canadian Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 

This LIBOR Notice represents the applicable U.S. Borrower’s request to elect the LIBOR Option with respect to
outstanding Advances in the amount of $                 (the “LIBOR Rate Advance”)[, and is a written confirmation of the telephonic notice of
such election given to U.S. Agent]. 
 The LIBOR Rate Advance will have an Interest Period of [1] [2] [3]
month[s] commencing on                     . 
 This LIBOR Notice further confirms such U.S. Borrower’s acceptance, for purposes of determining the rate of interest based on the LIBOR Rate under the Credit Agreement, of the LIBOR Rate as
determined pursuant to the Credit Agreement. 
 Such U.S. Borrower represents and warrants that (i) as of
the date hereof, each representation or warranty contained in or pursuant to any Loan Document or any agreement, instrument, certificate, document or other writing furnished at any time under 

 
or in connection with any Loan Document, and as of the effective date of any advance, continuation or conversion requested above, is true and correct in all material respects (except to the
extent any representation or warranty expressly related to an earlier date), (ii) each of the covenants and agreements contained in any Loan Document have been performed (to the extent required to be performed on or before the date hereof or
each such effective date), and (iii) no Default or Event of Default has occurred and is continuing on the date hereof, nor will any thereof occur after giving effect to the request above. 

 

			
	 Dated:
	 	
	
	 [INSERT NAME OF U.S. BORROWER]

		
	 By
	 	 
	 Name:
	 	
	 Title:
	 	

 Acknowledged by: 

 

			
	 WELLS FARGO CAPITAL FINANCE, LLC,

a Delaware limited liability company, as U.S. Agent

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  
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