Document:

Exhibit 4.45

 

 

 

 

 

 

 

China National Offshore Oil Corporation

 

 

 

and

 

 

 

 

CNOOC Limited

 

 

 

 

Framework Agreement

 

in respect of

 

the Connected Transactions

 

 

 

 

 

 

 

 

 

(Summary Translation)

 

  

  

  

 

Table of Contents

 

 

1.           Scope of Products and Services

2.           Transaction Principles

3.           Pricing Principles

4.           Mode of Operations

5.           Rights and Obligations

6.           Term and Termination of the specific Product and Service Contracts

7.           Representations and Warranties

8.           Performance of this Agreement

9.           Force Majeure

10.         Announcement

11.         Miscellaneous

12.         Notices

13.         Governing Law and Dispute Resolution

14.         Supplementary

 

 

 

  

  

  

 

Framework Agreement in respect of the Connected Transactions

 

(Summary Translation)

 

 

This Agreement was entered into on November 6, 2013 by the following parties in Beijing, the People's Republic of China ("PRC", excluding for the purpose of this Agreement, the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan):

 

Party A: China National Offshore Oil Corporation (“CNOOC”, hereinafter referred to as "Party A"), a state-owned enterprise incorporated and duly existing under the laws of the PRC.

 

Party B: CNOOC Limited (hereinafter referred to as "Party B"), a company incorporated and duly existing under the laws of the Hong Kong Special Administrative Region with limited liability.

 

On the date of this Agreement, Party A owned approximately [64.45%] of the equity interests of Party B.

 

Party A (including its associates (as defined under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules"))) principally engages in the production and operation of the oil and gas and petrochemical such as ancillary production services, engineering construction services, information consulting services, supply services and financial services by financing companies. The above services are essential to the production operations of Party B and its affiliates. Party A and its associates possess the leading edge of talented personnel, technologies and geographical advantages, and have maintained a long-term working relationship with Party B and its affiliates. Therefore, Party B agrees to acquire the above products and services from Party A and its associates.

 

Party B possesses crude oil, condensate oil, liquefied oil, natural gas, by-products, semi-finished products, and is able to provide sales and services of other various types of petroleum-related products. Party B has maintained long-term working relationship with Party A. Therefore, Party A (including its associates) agrees to acquire the above products and services from Party B (including its affiliates).

 

As such, based on the principles of long-term cooperation, mutual benefits and joint development, after friendly consultations, the Parties agree to enter into this Agreement and to procure their respective affiliates (including the subsidiaries, branch and other units)

 

  

  

  

 

to provide or accept the products and services as stipulated in this Agreement pursuant to the terms and spirits of this Agreement.

 

Article 1          Scope of products and services

 

	
1.1

	
Party B (including its affiliates) shall provide to Party A (including its affiliates) the following products and services:

 

	
  

	
1.1.1

	
management, technical, facilities and ancillary services, including the supply of materials, technical consulting, technology transfer, delegated administration, technical research services and other supporting  services;

 

	
  

	
1.1.2

	
sales of petroleum products,  natural gas  and by-products, semi-finished products and other various types of natural gas-related or petroleum-related products.

 

	
  

	
1.1.3

	
long-term sales of natural gas, liquefied natural gas and by-products, semi-finished products and other various types of natural gas-related or petroleum-related products.

 

	
1.2

	
Party A (including its associates) shall provide to Party B (including its affiliates) the following products and services:

 

	
1.2.1

	
exploration and support services: well site survey; geophysical exploration seismic data processing; seismic testing data processing; integrated exploratory research services; geophysical data acquisition; marine geological forecast and data processing; drilling; well logging of oil and gas volume; well logging; exploration well operation and other related technical services; tuw-boat; transportation; supply of materials; technical research of exploration and safety services as well as various types of technical services and support services related to the above operations;

 

	
1.2.2

	
oil and gas fields development and support services; engineering exploration, geological exploration; drilling; well completion; well logging of oil and gas volume; well logging, well cementing and other related technical services; design, construction, installation, testing and tuning of production facilities; shipping transportation; supply of materials/facilities; integrated exploration research services as well as various types of technical services and support services related to the above operations;

 

	
1.2.3

	
production of oil and gas field and support services: integrated research on production techniques; well workover; shipping transportation; oil tanker

 

  

  

  

 

	
  

	
transportation; supply of material/facilities; maintenances of platform; repair of equipment and pipeline;  production operations; oil exploitation operations; oil and gas production labour services; repair of facilities for the production of  oil and gas fields; warehousing and storage; lease of equipment and building; road transportation ; telecommunication and network services; wharf services; labour services; warehousing and storage; construction services, including roads, wharf, buildings, factories and water barriers; maintenance and repair of major facilities; medical, childcare and social services; provision of water, electricity and heat; security and fire-protection services; technical training; accommodation; maintenance and repair of buildings; catering services, as well as other technical and supporting services related to the above services;

 

	
1.2.4

	
management, marketing and other ancillary services: marketing services; delegated administration;  staff recruitment; publishing and printing; telecommunication networks; lease of properties; property management; provision of water, electricity and heat; car rental; integrated services; integrated research; sewage disposal and other ancillary services;

 

	
  

	
1.2.5 FPSO vessel leases.

 

Article 2          Transaction Principles

 

	
2.1

	
Specific agreements may be separately entered into between the respective Parties, that is Party A (and its associates) and Party B (and its affiliates), for specific products and services in accordance with the scope of this Agreement. Both Parties agree to implement the contracts under this Agreement pursuant to the following principles:

 

	
  

	
2.1.1

	
the products and services to be provided shall be of satisfactory quality to the recipient;

 

	
  

	
2.1.2

	
the pricing of the products and services to be provided shall be fair and reasonable;

 

	
  

	
2.1.3

	
the terms and conditions of the products and services provided by Party A to Party B shall be more favourable than those provided by the independent third parties; and

 

	
  

	
2.1.4

	
the terms and conditions of the products and services provided by Party B to Party A shall be no less favourable than those provided by Party B to the independent third parties.

 

  

  

  

 

Article 3          Pricing Principles

 

	
3.1

	
Subject to the pricing principles as mentioned in Article 2.1, the pricing of the respective products and services involved under Article 1 of this Agreement shall be determined by arm's length negotiations and on normal commercial terms or on terms no less favourable than those available to Party B from independent third parties, under prevailing local market conditions (considering volume of sales, terms of contracts, package of services, overall customer relationship and other market factors).

 

	
3.2

	
Subject to the pricing principles as mentioned in Article 3.1, the pricing of the respective products and services under Articles 1.2.1 to 1.2.4 of this Agreement shall be determined on the following terms and sequential order:

 

	
  

	
(1) State-prescribed prices; or

 

	
  

	
(2) where there is no State-prescribed price, market prices (including the local, national or international market prices); or

 

	
  

	
(3)  when neither (1) nor (2) is applicable, the cost to Party A for providing the relevant services and products plus a margin of not more than 10%, before any applicable taxes.

 

	
3.3

	
Subject to the pricing principles as mentioned in Article 3.1, the pricing of the respective products and services under Article 1.2.5 of this Agreement shall be determined at market prices and on normal commercial terms.

 

	
3.4

	
Subject to the pricing principles as mentioned in Article 3.1, the pricing of the respective products and services under Article 1.1.1 of this Agreement shall be determined on the following terms and sequential order and on normal commercial terms:

 

	
  

	
(1) State-prescribed prices; or

 

	
  

	
(2) where there is no State-prescribed price, market prices (including the local, national or international market prices); or

 

	
  

	
(3)  when neither (1) nor (2) is applicable, the cost to Party A for providing the relevant services and products plus a margin of not more than 10%, before any applicable taxes.

 

	
3.5

	
Subject to the pricing principles as mentioned in Article 3.1, the pricing of the respective products and services under Articles 1.1.2 and 1.1.3 of this Agreement shall be determined on the following terms and sequential order:

 

	
  

	
(1) State-prescribed prices; or

 

  

  

  

 

 

	
  

	
(2) where there is no State-prescribed price, market prices (including the local, national or international market prices).

 

Article 4          Mode of Operations

 

	
4.1

	
Party A shall ensure and procure its associates and Party B shall ensure and procure its affiliates to execute the specific products and service contracts in compliance with the principles and terms of this Agreement.

 

	
  

	
4.2

	
The respective product and service contracts executed between Party A (and its associates) and Party B (and its affiliates) prior to January 1, 2014 and which are valid after January 1, 2014 and shall be deemed as signed pursuant to the principles and terms of this Agreement. Corresponding amendments shall be made to such contracts if the principles and terms of such contracts are inconsistent with those set out in this Agreement.

 

	
4.3

	
The term of the respective product and service contracts executed pursuant to Articles 1.1.1, 1.1.2 and 1.2.1 to 1.2.4 shall not exceed three years. If the term of these contracts does not exceed three years but the expiry date thereof is later than December 31, 2016, then the following provision shall be incorporated into these contracts: "This contract shall terminate on December 31, 2016 if, as of December 31, 2016, CNOOC Limited fails to obtain the waiver for the relevant category of connected transaction  in respect of this contract for the 3 year period between 2017 and 2020 pursuant to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited ".

 

	
  

	
4.4

	
The terms of the liquefied natural gas contracts and the natural gas contract executed pursuant to Article 1.1.3 of this Agreement shall not exceed 25 years and 20 years respectively, and the following provision shall be incorporated into these contracts: "This contract shall terminate on December 31, 2016 if, as of December 31, 2016, CNOOC Limited fails to obtain the waiver for the relevant category of connected transaction in respect of this contract for the 3 year period between 2017 and 2020 pursuant tor the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited ".

 

	
4.5

	
The term of the specific service contracts executed pursuant to Article 1.2.5 of this Agreement shall not exceed 20 years, and the following provision shall be incorporated into these contracts: "This contract shall terminate on December 31, 2016 if, as of December 31, 2016, CNOOC Limited fails to obtain the waiver for the relevant category of connected transaction in respect of this contract for the 3 year period between 2017 and 2020 pursuant to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited ".

 

  

  

  

 

Article 5          Rights and Obligations

 

	
5.1

	
The rights of the Parties include:

 

	
  

	
5.1.1

	
a Party may provide corresponding products and services to independent third parties, provided that the products and services shall be provided to the other Party in accordance with the terms of this Agreement;

 

	
  

	
5.1.2

	
the prices of the products and service fees shall be charged in accordance with the applicable law and the terms of this Agreement and the specific products and service agreements.

 

	
  

	
5.2

	
The obligations of the Parties include:

 

	
  

	
5.2.1

	
to procure and ensure that its affiliates shall provide to the other Party  products and services based on the standards and pricing principles as prescribed in this Agreement and the specific products and service agreements;

 

	
  

	
5.2.2

	
to be entrusted by the Parties in the specific product and service agreements and to coordinate matters related to such specific product and service agreements;

 

	
  

	
5.2.3

	
to pay the relevant price and service fees pursuant to this Agreement and the specific product and service agreements.

 

Article 6          Term and termination of the specific product and service agreements

 

	
6.1

	
This Agreement shall be effective from January 1, 2014 for a term of three years after being executed by the authorised representatives of the Parties and sealed.

 

	
6.2

	
If there is any default of one of the Parties ("Defaulting Party"), the other Party ("Non-defaulting Party") may notify the Defaulting Party by written notice that a default has been committed and request that the Defaulting Party remedy such default within a reasonable period. If the Defaulting Party fails to remedy  such default within the aforementioned period, the Non-defaulting Party may terminate this Agreement immediately. The Non-defaulting Party reserves the right to claim, request for indemnities and any other legally permitted remedies from the Defaulting Party.

 

	
6.3

	
The termination of this Agreement shall not affect the rights or obligations of any Party which have accrued under this Agreement.

 

  

  

  

 

	
6.4

	
Either Party shall be entitled to terminate at any time the specific product and service agreements in respect of one or more types of products or services provided that  prior written notice is given to the other Party.

 

Article 7          Representations and Warranties

 

	
7.1

	
Party A represents and warrants that:

 

	
7.1.1

	
Party A is a state-owned enterprise incorporated under the laws of the PRC as an independent legal entity and is currently holding a valid business licences;

 

	
7.1.2

	
Party A has obtained all government approvals (if necessary) and internal authorisations as required for the purpose of execution of this Agreement and performance of all obligations under this Agreement. This Agreement shall be binding to Party A once it has been executed by the authorised representative of Party A;

 

	
7.1.3

	
The execution of this Agreement or performance of the obligations thereunder by Party A will not violate any other agreements executed by it or its articles of association, and will not create any legal conflicts with other agreements executed by it or its articles of association.

 

	
7.2

	
Party B represents and warrants that:

 

	
7.2.1

	
Party B is incorporated under the laws of the Hong Kong Special Administrative Region of the PRC with limited liability as an independent legal entity and is currently holding a valid business license;

 

	
7.2.2

	
Party B has obtained all internal authorisations necessary for the execution of this Agreement. This Agreement shall be binding to Party B once it has been executed by the authorised representative of Party B;

 

	
7.2.3

	
The execution of this Agreement or performance of the obligations thereunder by Party B will not violate any other agreements executed by it or its articles of association, and will not create any legal conflicts with other agreements executed by it or its articles of association.

 

Article 8          Performance of this Agreement

 

  

  

  

 

	
8.1

	
If any of the transactions under this Agreement constitutes a connected transaction pursuant to the Listing Rules, these transactions shall only be implemented upon obtaining a waiver from The Stock Exchange of Hong Kong Limited ("Stock Exchange") or obtaining independent shareholders' approval in accordance with the Listing Rules. The independent shareholders' approval or the compliance with any other provisions related to connected transactions under the Listing Rules shall be a condition precedent to this Agreement and such transactions.

 

	
8.2

	
If a conditional waiver is granted by the Stock Exchange, this Agreement shall be implemented according to the conditions so stipulated.

 

	
8.3

	
If a waiver in respect of a certain connected transaction is withdrawn, revoked or lapsed, and  the transaction fails to comply with the requirements of the Listing Rules regarding connected transaction, then the performance under this Agreement regarding that transaction shall be terminated.

 

	
8.4

	
If the performance of all transactions under this Agreement are terminated pursuant to Article 8.3, this Agreement shall be terminated.

 

Article 9          Force Majeure

 

	
9.1

	
If an event of Force Majeure occurs to any Party of this Agreement (Force Majeure events shall mean any event which is beyond the reasonable control of the affected Party, unforeseen or unavoidable and insurmountable even if foreseeable, and which arises after the date of this Agreement and which makes the total or partial performance of this Agreement by that Party become impossible or impracticable (including but not limited to the failure to perform even when a reasonable amount of money has been spent). Such events shall include but not limited flood, fire, drought, typhoons, earthquakes and other natural disasters, traffic accidents, unrests, riots and war (whether declared or not) and acts or omissions of government agencies) and the impact of such event of Force Majeure has resulted in the failure to perform all or part of its obligations under this Agreement, the performance of such obligations shall be suspended during the period caused by an event of Force Majeure.

 

	
9.2

	
The Party claiming Force Majeure shall make its best efforts to inform the other Party in writing within the shortest period of time and shall furnish within fifteen days thereafter proper proof of the occurrence and duration of such Force Majeure by hand or registered post. The Party claiming a Force Majeure event such that objectively the performance of this Agreement has become impossible or impracticable shall have the liability to use all reasonable endeavours to eliminate or mitigate the impact of Force Majeure.

 

  

  

  

 

	
9.3

	
In the event of Force Majeure, both Parties shall promptly decide how to implement this Agreement through friendly consultations. After the termination or elimination of the Force Majeure events or its consequences, both Parties shall promptly resume the performance of their respective obligations under this Agreement.

 

Article 10          Announcement

 

	
10.1

	
Save for announcement made pursuant to the laws of the PRC or the requirements of China Securities Regulatory Commission, Stock Exchange of Hong Kong Limited, Securities and Futures Commission of Hong Kong, New York Stock Exchange, US Securities and Exchange Commission or any other governmental or regulatory authorities, neither party shall make any announcement regarding this Agreement without the prior written consent of the other party.

 

Article 11          Miscellaneous

 

	
11.1

	
Save as otherwise provided in this Agreement, neither Party shall transfer all or part of its rights or obligations under this Agreement without the prior written consent of the other Party.

 

	
11.2

	
This Agreement shall constitute the entire agreement between the Parties and shall supersede all prior verbal or written agreements, contracts, understanding and communication between them with respect to such matters.

 

	
11.3

	
If any provision in this Agreement becomes illegal, invalid or unenforceable, it shall not affect the validity and enforceability of the other provisions of this Agreement.

 

	
11.4

	
Both Parties agree to be liable for all fees and expenses arising from the execution of this Agreement pursuant to the relevant PRC laws. If the law does not prescribed for such payments, the  fees and expenses shall be borne equally by both Parties.

 

	
11.5

	
This Agreement shall only be amended in writing sign by the authorised representatives from both Parties and sealed. If such amendment constitutes a substantive or material amendment to this Agreement, then such amendment shall only be valid upon notification or obtaining the approval (subject to the requirements of the Stock Exchange then) from the Stock Exchange and Party B's shareholders at the shareholders' meeting (if applicable).

 

	
11.6

	
Unless otherwise provided, no failure or delay on the part of either Party to this Agreement in exercising any right, power or privilege hereunder shall operate as a

 

  

  

  

 

	
  

	
waiver of any right, power or privilege of the other party hereto. The single or partial exercise of any right, power or privilege hereunder by any Party shall not preclude any other exercise of any other right, power or privilege hereunder.

 

Article 12          Notices

 

	
12.1

	
A notice or other correspondences made by a Party pursuant to this Agreement must be in writing and in Chinese, and must be left at the designated address of the other Party by hand or registered post, or sent by facsimile to the designated facsimile number of the other Party. A notice is deemed to have validly made on a date subject to the following provisions:

 

	
12.1.1

	
in the case of a notice delivered by hand, the date of receipt by a designated person of the other Party;

 

	
  

	
12.1.2  in the case of a notice by registered post, on the seventh day after the posting (dated on postage stamp) (if the last day is Saturday, Sunday or statutory holiday, then the next following working day).

 

	
12.1.3

	
in the case of a notice by facsimile, upon the facsimile being sent.

 

Article 13          Governing Law and Dispute Resolution

 

	
13.1

	
This Agreement shall be governed and construed in accordance with the laws of the People's Republic of China.

 

	
13.2

	
Any dispute arising out of or relating to this Agreement shall be settled by consultation between Party A and Party B. If consultation fails, Party A or Party B may submit such dispute to China International Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules of the such arbitration commission in effective at the application of such arbitration. Any arbitral award shall be final and binding upon both Parties.

 

Article 14          Supplementary

 

	
14.1

	
Unless otherwise provided, in this Agreement:

 

	
14.1.1

	
a Party shall include its successors;

 

	
14.1.2

	
the headings of the respective articles of this Agreement shall be solely for ease of reference and shall not have any legal force or prejudice the interpretation of this Agreement.

 

  

  

  

 

	
14.2

	
This Agreement shall be in Chinese.

 

 

 

 

  

  

  

 

IN WITNESS whereof which the parties have executed this Agreement on the date and place first above written.

 

 

	
China National Offshore Oil Corporation

 

 

	 	 
	 
Authorised representative

	 
	Title:	 

 

 

 

 

	
CNOOC Limited

 

 

	 	 
	 
Authorised representative

	 
	Title:Exhibit 10.1

 

EXECUTION VERSION

 

AMENDMENT TO CREDIT
AGREEMENT

 

AMENDMENT (this
“Amendment”), dated as of April 22, 2015, among Fly Funding II S.à r.l., a private limited
liability company (société à responsibilité limitée) incorporated and existing
under the laws of Luxembourg (the “Borrower”), each Borrower Party party to the Credit Agreement (as
defined below), the Consenting Lenders and the Replacement Lenders (in each case, as defined below) executing this Amendment
on the signature pages hereto, Wells Fargo Bank Northwest, National Association, as Collateral Agent, and Citibank N.A., in
its capacity as Administrative Agent under the Credit Agreement.

 

WHEREAS, the parties
hereto (other than the Replacement Lenders) are party to an Amended and Restated Term Loan Credit Agreement dated as of November
21, 2013 (as otherwise amended, supplemented or modified from time to time, the “Credit Agreement”);

 

WHEREAS, the terms used
herein, including in the preamble and recitals hereto, not otherwise defined herein or otherwise amended hereby shall have the
meanings ascribed thereto in the Credit Agreement;

 

WHEREAS, the parties
hereto desire to amend the Credit Agreement in certain respects as set forth herein;

 

WHEREAS, each Lender
party to the Credit Agreement immediately prior to the effectiveness of this Amendment which is executing a counterpart of this
Amendment (each, a “Consenting Lender”) desires to consent to the amendments set forth herein by electing, in
respect of its Loans, either (a) Option A, as defined below and/or (b) Option B, as defined below;

 

WHEREAS, each Lender
that does not desire to consent to the amendments set forth herein by electing Option A or Option B (each, a “Non-Consenting
Lender”) wishes to cease to be a party to the Credit Agreement as a “Lender” thereunder; and

 

WHEREAS, each Lender
that is either not a party to the Credit Agreement immediately prior to the effectiveness of this Amendment or that is increasing
its Loans under the Credit Agreement in connection with an assignment from a Non-Consenting Lender, and which is executing a counterpart
of this Amendment (each, a “Replacement Lender”) wishes to consent to the amendments set forth herein.

 
 

NOW, THEREFORE, the parties
hereto agree that the Credit Agreement shall be amended as set forth herein, and the parties hereto otherwise agree as follows:

 

Section 1. Definitions.
Except as otherwise defined herein, terms defined in the Credit Agreement are used herein as defined therein.

 

Section 2. Amendments.
Effective as of the Amendment Effective Date (as defined below), the Credit Agreement is hereby amended as follows:

 

2.01.       General;
Replacement Lenders. References in the Loan Documents to “this Agreement” or the “Credit Agreement”
or the like (and indirect references such as “hereunder”, “hereby”, “herein” and “hereof”)
shall be deemed to be references to the Credit Agreement as amended hereby. Each Replacement Lender shall be deemed to be a “Lender”
under and for all purposes of the Credit Agreement and each reference therein to “Lender” shall be deemed to include
such Replacement Lender. This Amendment shall additionally constitute a “Loan Document”.

 

    	 

    	 

    

 

2.02.       Definitions.

 

(a)      Section
1.01 of the Credit Agreement is hereby amended by adding the following definitions in proper alphabetical sequence:

 

“Amendment
to Credit Agreement” means that certain Amendment to Credit Agreement dated as of the Amendment Effective Date among
the Borrower, each Borrower Party, the Consenting Lenders and the Replacement Lenders (each as defined therein), the Administrative
Agent and the Collateral Agent.

 

“Amendment
Effective Date” means April 22, 2015.

 

(b)      The
definition of “Applicable Margin” in Section 1.01 of the Credit Agreement is hereby amended and restated in
its entirety as follows:

 

“Applicable
Margin” means (x) prior to the Amendment Effective Date, 3.50% per annum; provided that for any period in which
the Base Rate applies to the Loans, the Applicable Margin shall be 2.50% per annum, and (y) on and after the Amendment Effective
Date, 2.75% per annum; provided that for any period in which the Base Rate applies to the Loans, the Applicable Margin shall
be 1.75% per annum.

 

(c)    
 The definition of “LIBO Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting the
proviso thereto in its entirety and replacing it with the following:

 

“;
provided, however, that notwithstanding the foregoing, the LIBO Rate shall at no time be less than (x) prior to the
Amendment Effective Date, 1.00% per annum and (y) on and after the Amendment Effective Date, 0.75% per annum.”

 

2.03.       Premium
Amount. Section 2.06(d) of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“(d)
Premium Amount. In the event that all or any portion of the Loans are (i) repaid, prepaid (other than in connection with an
LTV Cure or as a result of an Event of Loss), refinanced or replaced or (ii) repriced or effectively refinanced through any waiver,
consent or amendment (in the case of both (i) and (ii) above, in connection with any waiver, consent or amendment to the Loans
directed at, or the result of which would be, the lowering of the effective interest cost or the weighted average yield of the
Loans or the incurrence of any debt financing having an effective interest cost or weighted average yield that is less than the
effective interest cost or weighted average yield of the Loans (or portion thereof) so repaid, prepaid, refinanced, replaced or
repriced) occurring after the Amendment Effective Date but prior to or on the first anniversary of the Amendment Effective Date,
such repayment, prepayment, refinancing, replacement or repricing will be made at 101.0% of the principal amount so repaid, prepaid,
refinanced, replaced or repriced (the “Premium Amount”).”

 

Section 3. Representations
and Warranties. The Borrower and each other Borrower Party represents and warrants to the Lenders that the representations
and warranties of the Borrower Parties contained in Article 3 of the Credit Agreement and contained in each other Loan Document
are

 

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true and correct on and
as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in
which case they were true and correct as of such earlier date.

 

Section 4. Conditions
Precedent. The amendments to the Credit Agreement contemplated hereby shall become effective as of the Amendment Effective
Date, upon the satisfaction of the following conditions precedent:

 

(a)           The
Administrative Agent (or its counsel) shall have received signature pages duly executed by each of (i) the Borrower, (ii) the Borrower
Parties, (iii) the Consenting Lenders representing the Required Lenders under the Credit Agreement (as in effect immediately prior
to the effectiveness of this Amendment) and (iv) each Replacement Lender.

 

(b)           The
Administrative Agent and the Lenders shall have received originally executed copies of the favorable written opinion of Clifford
Chance US LLP, addressed to the Administrative Agent and the Lenders, as to such matters as the Administrative Agent and the Consenting
Lenders may reasonably request, dated as of the Amendment Effective Date and otherwise in form and substance reasonably satisfactory
to the Administrative Agent.

 

(c)           The
representations and warranties of the Borrower Parties contained in Article 3 of the Credit Agreement and contained in each other
Loan Document shall be true and correct on and as of the Amendment Effective Date, except to the extent that such representations
and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and
an Officer’s Certificate of the Chief Financial Officer or Chief Executive Officer of Fly Leasing Limited shall so certify
on and as of the Amendment Effective Date to the Administrative Agent and the Lenders.

 

(d)           The
Administrative Agent shall have received (i) evidence satisfactory to it that the outstanding principal amount of and accrued interest
on the Loans of, and all other amounts owing under or in respect of, the Credit Agreement to any Non-Consenting Lender shall have
been (or shall simultaneously be) paid to such Non-Consenting Lender in accordance with Section 2.11(b) of the Credit Agreement
and (ii) duly executed (or shall have received such other information as it may require to process) Assignment and Assumptions
in accordance with Section 2.11(b) (as instructed by the Borrower) in respect of each Non-Consenting Lender’s Loans.

 

(e)           The
Administrative Agent shall have received evidence satisfactory to it that each Consenting Lender electing Option B shall have received
(or shall simultaneously receive), in consideration of the assignments set forth in Section 5(b), payment of an amount equal to
the outstanding principal amount of and interest on its Loans so assigned.

 

(f)           The
Borrower shall have paid all other fees, premiums and other amounts due and payable by it under the Credit Agreement, including,
to the extent invoiced, reimbursement or other payment of fees, costs and expenses owing to Milbank, Tweed, Hadley & McCloy
LLP and all other out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder, under any Loan Document or
as separately agreed between any Borrower Party and any arranger in respect of this Amendment.

 

For purposes of determining
compliance with the conditions specified in this Section 4, each Lender shall be deemed to have consented to, approved or accepted
or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory
to the Lenders unless an officer of the Administrative Agent responsible for the transactions

 

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contemplated by this
Amendment shall have received notice from such Lender prior to the Amendment Effective Date specifying its objection thereto. The
Administrative Agent shall promptly notify the parties hereto of the occurrence of the Amendment Effective Date.

 

Section 5. Consent
Options; Assignments.

 

(a)           As
described in the Memorandum for Lenders dated April 9, 2015 posted to Lenders in connection with this Amendment (the “Memorandum”),
Consenting Lenders may elect either (a) Option A (“Cashless”) as described in the Memorandum (“Option A”)
and/or (b) Option B (“Cash Roll”) as described in the Memorandum (“Option B”). Election of either
Option A or Option B (or both) shall be made by each Consenting Lender by indicating its election as to all or a portion of its
Loans on the signature page hereto. Any Consenting Lender executing a signature page hereto but not indicating its election will
be treated as electing Option A as to all of its Loans.

 

(b)           For
the consideration specified in Section 4(e) above, each Consenting Lender electing Option B (each, an “Assignor”)
hereby irrevocably sells and assigns to Royal Bank of Canada or its designee (the “Assignee”), and the Assignee
hereby irrevocably purchases and assumes from the respective Assignors, subject to and in accordance with the Standard Terms and
Conditions and the Credit Agreement, as of the Amendment Effective Date (i) all of the respective Assignors’ rights and obligations
in their respective capacities as Lenders under the Credit Agreement and any other documents or instruments delivered pursuant
thereto to the extent related to the amount and percentage interest identified on Schedule A of this Amendment of all of such outstanding
rights and obligations of the respective Assignors under the respective facilities identified below and (ii) to the extent permitted
to be assigned under applicable law, all claims, suits, causes of action and any other right of the respective Assignors (in their
respective capacities as Lenders) against any Person, whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way
based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i)
above.

 

Section 6. Non-Consenting
Lenders.

 

The parties hereto acknowledge
that pursuant to Section 2.11(b) of the Credit Agreement, the Borrower may, by written notice to the Administrative Agent and any
Non-Consenting Lender, cause such Non-Consenting Lender to assign its outstanding Loans and Commitments in full to one or more
Replacement Lenders in accordance with the provisions of Section 9.06 of the Credit Agreement, and each Non-Consenting Lender has
authorized the Administrative Agent to execute and deliver such documentation on behalf of such Non-Consenting Lender as may be
required to give effect to such assignment in the event that such Non-Consenting Lender has not complied with such requirement
to assign its outstanding Loans and Commitments within one (1) Business Day of receipt of such notice. Subject to the satisfaction
of the conditions precedent specified in Section 4 above, but effective as of the Amendment Effective Date, each Non-Consenting
Lender shall cease to be, and shall cease to have any of the rights and obligations of, a “Lender” under the Credit
Agreement (except for those provisions that provide for their survival (including without limitation those provisions referred
to in Section 9.08 of the Credit Agreement), which provisions shall survive and remain in full force and effect for the benefit
of the Non-Consenting Lenders).

 

Section 7. Acknowledgement
and Ratification. Each of the Borrower Parties hereby acknowledges that it has reviewed the terms and provisions of this Amendment
and consents to the modifications effected pursuant to this Amendment. The Borrower and each Borrower Party hereby

 

    	4

    	 

    

 

confirms that each Loan
Document, as amended hereby, to which it is a party or otherwise bound and all collateral encumbered thereby will continue to guarantee
or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, as amended hereby, the payment
and performance of all Obligations, and confirms its grants to the Collateral Agent of a continuing lien on and security interest
in and to all collateral as collateral security for the prompt payment and performance in full when due of the Obligations. The
Borrower and each Borrower Party hereby agrees and admits that as of the date hereof it has no defenses to or offsets against any
of its obligations to the Administrative Agent or any Lender under the Loan Documents. Each Borrower Party (other than the Borrower),
in its capacity as a Guarantor Party, hereby ratifies and confirms its guaranty of the Guaranteed Obligations as set forth in Article
7 of the Credit Agreement, as amended hereby.

 

Section 8.    
Reference to and Effect on the Credit Agreement and the Other Loan Documents

 

(i)   
 On and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the
other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import
referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment.

 

(ii)     Except
as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect
and are hereby ratified and confirmed.

 

(iii)  
 The execution, delivery and performance of this Amendment shall not constitute a waiver of any provision of, or operate as
a waiver of any right, power or remedy of any Agent or Lender under, the Credit Agreement or any of the other Loan Documents.

 

(iv)   This
Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and shall be administered and construed pursuant
to the terms of the Credit Agreement.

 

(v)    For
the avoidance of doubt, the Loans of each Consenting Lender and Replacement Lender on and after the Amendment Effective Date shall
not constitute a new tranche, but shall continue as the same tranche as in existence immediately prior to the Amendment Effective
Date and all LIBO Rate Loans and Base Rate Loans shall continue as the same LIBO Rate Loans in respect of any then-outstanding
Interest Period and Base Rate Loans, in each case, as in existence immediately prior to the Amendment Effective Date.

 

Section 9.    
Miscellaneous. Each Lender by its signature hereto instructs the Administrative Agent to execute this Amendment. Except
as herein provided, the Credit Agreement and the other Loan Documents shall remain unchanged and in full force and effect. This
Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this Amendment by electronic transmission shall be effective as delivery
of a manually executed counterpart of this Amendment. This Amendment shall be governed by, and construed in accordance with, the
law of the State of New York.

 

    	5

    	 

    

 

[Signature pages follow]

 

    	6

    	 

    

 

EXECUTION VERSION

 

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

	 	 	 	 
	 	The Borrower	 
	 	 	 	 
	 	FLY FUNDING II S.À R.L.	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	
        The Guarantor Parties
	 
	 	 	 
	 	
        FLY LEASING LIMITED
	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	
        FLY PERIDOT HOLDINGS LIMITED
	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    
 

	 	 	 	 
	 	
        BABCOCK & BROWN AIR
 
	 
	 	 	ACQUISITION I LIMITED	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	EXECUTED AS A DEED by	)
	OPAL HOLDINGS AUSTRALIA PTY LTD	)

(ACN 151 552 117)

	 	 	 
	By: 	 	 
	Director	 
	Name:	 
	 	 	 
	By:	 	 
	Director	 
	Name:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	
        CORAL AIRCRAFT HOLDINGS

	 
	 	 	LIMITED	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

The Intermediate Lessees 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED ) 	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for GARNET AIRCRAFT LEASING 

LIMITED 	 
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    
 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for AMETHYST AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for LAPIS AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for ZIRCON AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for TOPAZ AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for PYRITE AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for AQUAMARINE AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for TOURMALINE AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for CARNELIAN AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for AMBER AIRCRAFT LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 
	EXECUTED AS A DEED by	)
	QUARTZ LEASING  PTY LTD	 
	(ACN 159 348 419)	)

 

	By:	 	 
	Director	 
	Name:	 
	 	 
	By:	 	 
	Director	 
	Name:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	EXECUTED AS A DEED by	)
	
        SAPPHIRE LEASING PTY LTD

        (ACN 159 348 517)
	)

 

	 	 	 
	By:	 	 
	Director	 
	Name:	 
	 	 	 
	By:	 	 
	Director	 
	Name:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	The Initial Intermediate Lessees	 	 
	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for B&B AIR ACQUISITION 

3237 LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for B&B AIR ACQUISITION 

34953  LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for B&B AIR ACQUISITION 

34956 LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for B&B AIR ACQUISITION 

403 LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	SIGNED AND DELIVERED AS A DEED )	 	 
	by	 	 	)	 
	 	 	 	)	 
	 	 	 	)	 
	as attorney for B&B AIR ACQUISITION 

3151 LEASING LIMITED
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	 	 
	Name of Witness:	 	 	 	 
	Address of Witness:	 	 	 	 
	Occupation of Witness:	 	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	 	 	The Initial Lessor Subsidiaries	 
	 	 	 	 	 
	 	SPIREDELL TRUST	 
	 	 	 	 	 
	 	By:	Wilmington Trust Company, not in its individual capacity but solely as trustee	 
	 	 	 	 	 
	 	By	 	 	 
	 	Name:	 
	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	WELLS FARGO BANK NORTHWEST, NATIONAL
ASSOCIATION, not in its individual capacity but solely as
trustee under the trust agreement (MSN 3237)
	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	WELLS FARGO BANK NORTHWEST, NATIONAL
ASSOCIATION, not in its individual capacity but solely as
trustee under the trust agreement (MSN 34953)
	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 34956)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        B&B AIR ACQUISITION 403 STATUTORY TRUST

	 	 
	 	By:           Wells Fargo Bank Northwest, National Association, not in its individual capacity but solely as trustee under the trust agreement (MSN 403)
	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 3151)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	
        B&B AIR ACQUISITION 3417 STATUTORY TRUST

	 	 
	 	By:           Wells Fargo Bank Northwest, National Association, not in its individual capacity but solely as trustee under the trust agreement (MSN 3417)
	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 1369)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 1378)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 1391)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 1393)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 24739)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 26473)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 29644)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL

        ASSOCIATION, not in its individual capacity but solely as

        trustee under the trust agreement (MSN 35070)

	 	 	 	 
	 	By	 	 
	 	Name:	 
	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	ADMINISTRATIVE AGENT	 
	 	 	 	 
	 	CITIBANK N.A.	 
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 
	 	COLLATERAL AGENT	 
	 	 	 	 
	 	
        WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION
	 
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

	 	 	 	 	 
	 	 	 	CONSENTING LENDERS
	 	 	 	 	 
	By its signature hereto, each Lender is electing
    to consent by Option A or Option B for the full principal amount of Loans held, unless a lesser principal amount of
    Loans is specified below:	 	LENDER:	 
	 	 	 	 	 
	 	 	 	PLEASE CHECK:
	Option A: $	 	 	
	 	 	 	 	 
	 	 	 	☐ OPTION A (CASHLESS)
	Option B: $	 	 	
	 	 	 	 	 
	 	 	 	☐ OPTION B (CASH ROLL)

	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	*By:	 
	 	 	Name:
	 	 	Title:

 

	 	 

* For Lenders requiring a second signature line.

 

AMENDMENT TO CREDIT AGREEMENT

 

    	 

    	 

    

 

REPLACEMENT LENDERS

 

	 	 	 
	 	ROYAL BANK OF CANADA
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:
	 	 	 

 

AMENDMENT TO CREDIT AGREEMENT

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