Document:

EX-4.6

 EXHIBIT 4.6 

FOURTH AMENDMENT TO NOTE PURCHASE 

AGREEMENT 
 This FOURTH
AMENDMENT TO NOTE PURCHASE AGREEMENT, dated as of March 16, 2016 (the “Amendment”), is entered into by and among KGH Intermediate Holdco II, LLC, a Delaware limited liability company (the “Issuer”), KGH
Intermediate Holdco I, LLC, a Delaware limited liability company (“Holdings”), each of the other Note Parties party hereto, the undersigned Required Purchasers, and U.S. Bank National Association, as agent for the Purchasers (the
“Agent”). All capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Note Purchase Agreement (as defined below). 

BACKGROUND 
 A. Reference
is made to that certain Note Purchase Agreement dated as of August 8, 2014 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Existing Note Purchase Agreement”, and as amended by the
Amendment, the “Note Purchase Agreement”), by and among Holdings, the Issuer, the Subsidiary Guarantors from time to time party thereto, the Purchasers from time to time party thereto and the Agent. 

B. The Issuer has requested that the Purchasers agree to certain amendments and modifications to the Existing Note Purchase Agreement, on the
terms and conditions set forth herein. 
 C. The Required Purchasers have consented to Issuer’s request as described above. 

NOW THEREFORE, with the foregoing background hereinafter deemed incorporated by reference herein and made part hereof, the parties hereto,
intending to be legally bound, promise and agree as follows: 
 1. Amendments to Existing Note Purchase Agreement. Effective as of the
Fourth Amendment Effective Date, the Existing Note Purchase Agreement shall be amended as follows: 
 (a) Subject to the satisfaction of the
conditions precedent set forth in Section 3 of this Amendment, the Note Purchase Agreement is hereby amended by inserting the language indicated in double underlined text in Exhibit A hereto and by deleting the language indicted by
struck through text in Exhibit A hereto (the Note Purchase Agreement as so amended, is referred to herein as the “Amended Note Purchase Agreement”). For the avoidance of doubt, the amendments effect pursuant to this
Section 1(a) shall supersede the amendments contemplated by Section 3 of the Third Amendment. 
 (b) Each of the Schedules to the
Amended Note Purchase Agreement is hereby amended and restated in its entirety with the information contained in the correspondingly numbered Schedule attached as Annex A hereto; provided that any reference in the Amended Note Purchase
Agreement or any other Note Document to any such Schedule setting forth information thereon as of the Fourth Amendment Closing Date shall be deemed to be, solely with respect to such supplemental information, a reference to such Schedule setting
forth information as of the date of this Amendment. 

 2. Representations and Warranties. Each of the Note Parties hereby: 

(a) reaffirms all representations and warranties made to Agent and Purchasers under the Note Purchase Agreement and each of the other Note
Documents, and confirms that such representations and warranties are true and correct in all material respects (except to the extent any such representation or warranty is already qualified as to materiality, Material Adverse Effect or similar
language, in which case each such representation or warranty (after giving effect to any qualification therein) is true and correct in all respects) on and as of the date hereof (other than any representation or warranty that expressly relates to an
earlier date, in which case each such representation or warranty is true and correct in all material respects as of such earlier date); 

(b) reaffirms all of the covenants contained in the Note Purchase Agreement and covenants to abide thereby until all Obligations and other
liabilities of Note Parties to Agent and Purchasers, of whatever nature and whenever incurred, are satisfied and/or released by Agent and Purchasers; 

(c) represents and warrants that, as of the date hereof, no Default or Event of Default has occurred and is continuing under the Note Purchase
Agreement or any of the other Note Documents; 
 (d) represents and warrants that, as of the date hereof, no event or development has
occurred since the Closing Date which has had or is reasonably likely to have a Material Adverse Effect; and 
 (e) represents and warrants
that (i) such Note Party has full power, authority and legal right to enter into this Amendment and all other agreements, instruments or other documents related hereto and to perform all of its respective Obligations under the Note Documents as
amended hereby and thereby, (ii) this Amendment and all other agreements, instruments or other documents required hereby, if any, have been duly executed and delivered by each Note Party, and this Amendment and the Note Documents as amended
hereby and by any such agreements, instruments or documents required hereby constitute the legal, valid and binding obligation of such Note Party enforceable in accordance with their terms, except as such enforceability may be limited by any
applicable bankruptcy, insolvency, moratorium or similar laws affecting creditors’ rights generally, (iii) the execution, delivery and performance of this Amendment and all other agreements, instruments or other documents required hereby,
if any, (a) are within such Note Party’s powers under its Organization Documents, have been duly authorized by all necessary corporate, limited partnership, company or other organizational action, as applicable, are not in contravention of
law or the terms of such Note Party’s Organization Documents or to the conduct of such Note Party’s business or of any material agreement or undertaking to which such Note Party is a party or by which such Note Party is bound,
(b) will not conflict in any material respect with or violate any law or regulation, or any judgment, order or decree of any Governmental Body, (c) will not require the Consent of any Governmental Body, any party to a Material Contract or
any other Person, except those Consents set forth on Schedule 

 
5.1 to the Note Purchase Agreement, all of which will have been duly obtained, made or compiled prior to the effective date hereof and which are in full force and effect or the failure of which
to obtain would not reasonably be expected to result in a Material Adverse Effect, and (d) will not conflict with, nor result in any breach in any of the provisions of or constitute a default under or result in the creation of any Lien except
Permitted Encumbrances upon any asset of such Note Party and its Restricted Subsidiaries under the provisions of any agreement, instrument, Organization Document or other instrument to which such Note Party and its Restricted Subsidiaries are party
or by which they or their property may be bound; and 
 3. Conditions Precedent/Effectiveness Conditions. This Amendment shall become
effective upon the satisfaction of the following conditions precedent (the date on which such conditions have been satisfied, the “Fourth Amendment Effective Date”) (it being understood that the amendments set forth in
Section 1 shall not be effective unless and until the Fourth Amendment Effective Date occurs): 
 (a) Agent shall have received this
Amendment, duly authorized, executed and delivered by the Issuer, Holdings, each of the other Note Parties and the Required Purchasers; 

(b) The Agent and the Purchasers shall have received the executed legal opinion of (i) Schulte Roth & Zabel LLP in form and
substance reasonably satisfactory to the Purchasers and (ii) Clark Hill PLC, local Pennsylvania counsel to the Note Parties in form and substance reasonably satisfactory to the Purchasers, and each Note Party hereby authorizes and directs each
such counsel to deliver such opinions to Agent and the Purchasers; 
 (c) Issuer shall have paid or reimbursed the Agent and the Purchasers
for their respective reasonable attorneys’ fees and expenses in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto for which the Issuer has received an invoice;
and 
 (d) All representations, warranties and schedules set forth in or annexed to the Note Purchase Agreement or this Amendment (other
than any representation, warranty or schedule that was made as of an earlier date or is only required to be true and correct as of an earlier date, in which case each such representation, warranty or schedule shall be true and correct in all
material respects as of such earlier date) shall be true and correct in all material respects on and as of the effective date hereof (except to the extent any such representation, warranty or schedule is already qualified as to materiality, Material
Adverse Effect or similar language, in which case each such representation, warranty or schedule (after giving effect to any qualification therein) shall be true and correct in all respects), and no Default or Event of Default shall have occurred
and be continuing on the effective date hereof. 
 4. Reaffirmation of Note Purchase Agreement and Note Documents. Except as modified
by the terms hereof, all of the terms and conditions of the Existing Note Purchase Agreement and each of the other Note Documents are hereby reaffirmed and shall continue in full force and effect as therein written. 

 5. Confirmation of Indebtedness and Release. Each Note Party, by its signature below,
hereby acknowledges, confirms and agrees that all of the Obligations (whether representing outstanding principal, accrued and unpaid interest, accrued and unpaid fees or any other Obligations of any kind or nature) currently owing by the Issuer
under the Note Purchase Agreement and the other Note Documents, as reflected in the books and records of Agent and Purchasers as of the date hereof, are unconditionally owing from and payable by the Issuer, and that the Issuer is indebted to Agent
and Purchasers with respect thereto, all without any set-off, deduction, counterclaim or defense. Each Note Party, by its signature below, hereby acknowledges and agrees that it has no actual or potential claim or cause of action against Agent or
any Purchaser relating to this Amendment (or any document, agreement or instrument relating hereto), the Note Purchase Agreement or any other Note Document and/or the Obligations arising thereunder or related thereto, in any such case arising on or
before the date hereof. As further consideration for the amendments set forth herein, each Note Party, by its signature below, hereby waives and releases and forever discharges Agent and Purchasers, and the officers, directors, attorneys, agents and
employees of each, from any liability, damage, claim, loss or expense of any kind originating in whole or in part known to any of the Note Parties on or before the date of this Amendment that any Note Party may now have against Agent or Purchasers
or any of them arising out of or relating to the Obligations, this Amendment, the Note Purchase Agreement or the other Note Documents. 
 6.
Required Purchaser Direction. By its execution and delivery of its signature page hereto, each of the undersigned Purchasers is authorizing and directing the Agent to (a) execute (i) this Amendment, (ii) an amendment to the
intercreditor agreement dated as of the Closing Date, among Agent, the Purchasers, the Revolving Facility Agent and the lenders party to the Revolving Credit Agreement and (iii) the Term Loan/NPA Intercreditor Agreement, and (b) execute
any further agreements, modifications, amendments, waivers or consents provided to it as may be necessary or otherwise desirable by the Purchasers to effectuate the Subject Transactions. 

7. Miscellaneous. 
 (a) No
rights are intended to be created hereunder for the benefit of any third party, creditor, or incidental beneficiary. 
 (b) The headings of
any paragraph of this Amendment are for convenience only and shall not be used to interpret any provision hereof. 
 (c) No modification
hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed on behalf of the party against whom enforcement is sought. 

(d) The terms and conditions of this Amendment shall be governed by and construed in accordance with the laws of the State of New York. 

(e) This Amendment may be executed in any number of counterparts and by facsimile, 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 by facsimile or electronic transmission shall bind the parties hereto. 

(f) This Amendment shall constitute a Note Document and the failure to comply with any covenant herein shall be an Event of Default under the
Note Purchase Agreement. 

 (g) For the avoidance of doubt, Agent’s rights, protections, indemnities and immunities
provided in the Note Purchase Agreement shall apply to Agent for any actions taken or omitted to be taken under this Amendment and any other related agreements in any of its capacities. 

[SIGNATURES APPEAR ON THE FOLLOWING PAGES] 

 IN WITNESS WHEREOF, the patties have caused this Amendment to be executed and delivered by their
duly authorized officers as of the date first above written. 
  

					
	KGH INTERMEDIATE HOLDCO II, LLC
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KGH INTERMEDIATE HOLDCO I, LLC
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KEANE FRAC, LP
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer

 [Fourth Amendment to Note Purchase Agreement] 

 
					
	KEANE FRAC GP, LP
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KS DRILLING, LLC
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KEANE FRAC ND, LLC
		
	By:	 	Keane Frac, LP, its Managing Member
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KEANE FRAC TX, LLC
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President

 [Fourth Amendment to Note Purchase Agreement] 

 
					
	 PACIFIC INVESTMENT

MANAGEMENT COMPANY LLC,
 as investment advisor on behalf of
the PIMCO Purchasers

		
	By:	 	 /s/ T. CHRISTIAN STRACKE

		 	Name:	 	T. Christian Stracke
		 	Title:	 	Managing Director

 [Fourth Amendment to Note Purchase Agreement] 

 
					
	 GUGGENHEIM STRATEGIC OPPORTUNITIES FUND

By: Guggenheim Partners Investment Management, LLC, as Investment Manager

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact
	
	 VERGER CAPITAL FUND LLC
 By:
Guggenheim Partners Investment Management, LLC, as Sub-Adviser

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact
	
	 GUGGENHEIM CREDIT ALLOCATION FUND

By: Guggenheim Partners Investment Management, LLC, as Sub-Adviser

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact
	
	 NZC GUGGENHEIM MASTER FUND LIMITED

By: Guggenheim Partners Investment Management, LLC as Manager

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact

 [Fourth Amendment to Note Purchase Agreement] 

					
	 GUGGENHEIM FUNDS TRUST – GUGGENHEIM HIGH YIELD FUND

By: Security Investors, LLC as Investment Adviser

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact
	
	 PRINCIPAL FUNDS, INC. – GLOBAL DIVERSIFIED INCOME FUND

By: Guggenheim Partners Investment Management, LLC as Sub-Adviser

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact
	
	 MAVERICK ENTERPRISES, INC.

By: Guggenheim Partners Investment Management, LLC, as Investment Manager

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact
	
	 GUGGENHEIM VARIABLE FUNDS TRUST – SERIES P (HIGH YIELD SERIES)

By: Security Investors, LLC, as Management Company

		
	By:	 	 /s/ KEVIN ROBINSON

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-In-Fact

 [Fourth Amendment to Note Purchase Agreement] 

 
					
	U.S. BANK NATIONAL ASSOCIATION, as Agent
		
	By:	 	 /s/ LISA D. DOWD

		 	Name:	 	Lisa D. Dowd
		 	Title:	 	Assistant Vice President

 [Fourth Amendment to Note Purchase Agreement] 

 EXHIBIT A 

 EXECUTION 

EXHIBIT A 

FORM OF NOTE PURCHASE  

AGREEMENT 
 THE
PURCHASERS LISTED HEREIN 
 AND 

U.S. Bank National Association 

(AS AGENT) 
 WITH

 KGH Intermediate Holdco II, LLC 

(ISSUER) 

AUGUST 8, 2014 

August 8, 2014, as amended by the First Amendment thereto, dated as of December 23, 2014, the Second Amendment thereto, dated
as of April 7, 2015, the Third Amendment thereto, dated as of January 25, 2016, and the Fourth Amendment thereto, dated as of March 16, 2016 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
		
	 I.       DEFINITIONS.
	  	 	1	  
				
		 	 1.1.
	 	 Accounting Terms.
	  	 	1	  
				
		 	 1.2.
	 	 General Terms.
	  	 	2	  
				
		 	 1.3.
	 	 Uniform Commercial Code Terms.
	  	 	3745	  
				
		 	 1.4.
	 	 Certain Matters of Construction.
	  	 	3745	  
		
	 II.     Commitments and Notes.
	  	 	3846	  
				
		 	 2.1.
	 	 Sale and Purchase of the Term Notes; the Closing.
	  	 	3846	  
				
		 	 2.2.
	 	 Delayed Draw Notes.
	  	 	3947	  
				
		 	 2.3.
	 	 Scheduled Repayment of Notes.
	  	 	4048	  
				
		 	 2.4.
	 	 Optional Prepayments; Prepayment Premium.
	  	 	4048	  
				
		 	 2.5.
	 	 Mandatory Prepayments.
	  	 	4149	  
				
		 	 2.6.
	 	 Use of Proceeds.
	  	 	4351	  
				
		 	 2.7.
	 	 Incremental Notes.
	  	 	4351	  
				
		 	 2.8.
	 	 Defaulting Purchaser.
	  	 	43	  
		
	 III.    INTEREST; FEES; PAYMENTS GENERALLY; TAXES.
	  	 	4856	  
				
		 	 3.1.
	 	 Interest.
	  	 	4856	  
				
		 	 3.2.
	 	 Fees.
	  	 	4957	  
				
		 	 3.3.
	 	 [RESERVED].
	  	 	4957	  
				
		 	 3.4.
	 	 Computation of Interest and Fees.
	  	 	4957	  
				
		 	 3.5.
	 	 Maximum Charges.
	  	 	4957	  
				
		 	 3.6.
	 	 [RESERVED].
	  	 	4958	  
				
		 	 3.7.
	 	 [RESERVED].
	  	 	4958	  
				
		 	 3.8.
	 	 Payments Generally.
	  	 	4958	  

  
 i 

									
		 	 3.9.
	  	 Gross Up for Taxes.
	  	 	4958	  
				
		 	 3.10.
	  	 Withholding Tax Exemption.
	  	 	5159	  
		
	 IV.   COLLATERAL: GENERAL TERMS
	  	 	5260	  
				
		 	 4.1.
	  	 Security Interest in the Collateral.
	  	 	5260	  
				
		 	 4.2.
	  	 Perfection of Security Interest.
	  	 	5260	  
				
		 	 4.3.
	  	 Disposition of Collateral.
	  	 	5361	  
				
		 	 4.4.
	  	 Preservation of Collateral.
	  	 	5361	  
				
		 	 4.5.
	  	 Ownership of Collateral.
	  	 	5362	  
				
		 	 4.6.
	  	 Defense of Agent’s and Purchasers’ Interests.
	  	 	5362	  
				
		 	 4.7.
	  	 Books and Records.
	  	 	5563	  
				
		 	 4.8.
	  	 Financial Disclosure.
	  	 	5563	  
				
		 	 4.9.
	  	 Compliance with Laws.
	  	 	5564	  
				
		 	 4.10.
	  	 Inspection of Premises.
	  	 	5564	  
				
		 	 4.11.
	  	 Insurance.
	  	 	5564	  
				
		 	 4.12.
	  	 Failure to Pay Insurance.
	  	 	5665	  
				
		 	 4.13.
	  	 Payment of Taxes.
	  	 	5665	  
				
		 	 4.14.
	  	 Vehicles[RESERVED].
	  	 	5665	  
				
		 	 4.15.
	  	 Receivables.
	  	 	5665	  
				
		 	 4.16.
	  	 Inventory.
	  	 	5968	  
				
		 	 4.17.
	  	 Maintenance of Equipment.
	  	 	5968	  
				
		 	 4.18.
	  	 Exculpation of Liability.
	  	 	5968	  
				
		 	 4.19.
	  	 Environmental Matters.
	  	 	6069	  
				
		 	 4.20.
	  	 Financing Statements.
	  	 	60	  
				
		 	 4.21.
	  	 [RESERVED]Reserved.
	  	 	6071	  
				
		 	 4.22.
	  	 Mortgages.
	  	 	6071	  

  
 ii 

									
		 	 4.23.
	 	 Intercreditor Agreement.
	  	 	6173	  
		
	 V.     REPRESENTATIONS AND WARRANTIES.
	  	 	6474	  
				
		 	 5.1.
	 	 Authority.
	  	 	6474	  
				
		 	 5.2.
	 	 Formation and Qualification.
	  	 	6575	  
				
		 	 5.3.
	 	 Survival of Representations and Warranties.
	  	 	6575	  
				
		 	 5.4.
	 	 Tax Returns.
	  	 	6575	  
				
		 	 5.5.
	 	 Financial Statements.
	  	 	6676	  
				
		 	 5.6.
	 	 Entity Names.
	  	 	6676	  
				
		 	 5.7.
	 	 OSHA and Environmental Compliance.
	  	 	6676	  
				
		 	 5.8.
	 	 Solvency; No Litigation, Violation, Indebtedness or Default; ERISA Compliance.
	  	 	6777	  
				
		 	 5.9.
	 	 Patents, Trademarks, Copyrights and Licenses.
	  	 	6979	  
				
		 	 5.10.
	 	 Licenses and Permits.
	  	 	6979	  
				
		 	 5.11.
	 	 [RESERVED].
	  	 	67	  
				
		 	 5.12.
	 	 No Burdensome Restrictions.
	  	 	6980	  
				
		 	 5.13.
	 	 No Labor Disputes.
	  	 	7080	  
				
		 	 5.14.
	 	 Margin Regulations.
	  	 	7080	  
				
		 	 5.15.
	 	 Investment Company Act.
	  	 	7080	  
				
		 	 5.16.
	 	 Disclosure.
	  	 	7080	  
				
		 	 5.17.
	 	 [RESERVED].
	  	 	68	  
				
		 	 5.18.
	 	 Conflicting Agreements.
	  	 	70	  
				
		 	 5.19.
	 	 Application of Certain Laws and Regulations.
	  	 	7081	  
				
		 	 5.20.
	 	 Business and Property of Note Parties.
	  	 	7081	  
				
		 	 5.21.
	 	 Anti-Terrorism Laws.
	  	 	7081	  
				
		 	 5.22.
	 	 Trading with the Enemy.
	  	 	7282	  
				
		 	 5.23.
	 	 Federal Securities Laws.
	  	 	7282	  
				
		 	 5.24.
	 	 Equity Interests.
	  	 	7282	  

  
 iii 

									
		 	 5.25.
	  	 Commercial Tort Claims.
	  	 	7283	  
				
		 	 5.26.
	  	 Letter of Credit Rights.
	  	 	7283	  
				
		 	 5.27.
	  	 Material Contracts.
	  	 	7283	  
				
		 	 5.28.
	  	 Registration of Securities.
	  	 	7283	  
				
		 	 5.29.
	  	 Private Offering.
	  	 	7383	  
				
		 	 5.30.
	  	 Eligibility Requirements.
	  	 	7383	  
				
		 	 5.31.
	  	 SEC Reports.
	  	 	7383	  
		
	 VI.   AFFIRMATIVE COVENANTS.
	  	 	7384	  
				
		 	 6.1.
	  	 [RESERVED].
	  	 	71	  
				
		 	 6.2.
	  	 Conduct of Business and Maintenance of Existence and Assets.
	  	 	7384	  
				
		 	 6.3.
	  	 Violations.
	  	 	7384	  
				
		 	 6.4.
	  	 [RESERVED].
	  	 	62	  
				
		 	 6.5.
	  	 Fixed Charge Coverage Ratio.
	  	 	7485	  
				
		 	 6.6.
	  	 [RESERVED].
	  	 	72	  
				
		 	 6.7.
	  	 Payment of Indebtedness.
	  	 	7485	  
				
		 	 6.8.
	  	 Standards of Financial Statements.
	  	 	7485	  
				
		 	 6.9.
	  	 Federal Securities Laws.
	  	 	7485	  
				
		 	 6.10.
	  	 Additional Guarantors; Further Assurances.
	  	 	7486	  
				
		 	 6.11.
	  	 Designation of Subsidiaries.
	  	 	7587	  
				
		 	 6.12.
	  	 Use of Proceeds.
	  	 	7588	  
				
		 	 6.13.
	  	 USA PATRIOT Act Information.
	  	 	7588	  
				
		 	 6.14.
	  	 Post-Closing Actions.
	  	 	75	  
		
	 VII.  NEGATIVE COVENANTS.
	  	 	7588	  
				
		 	 7.1.
	  	 Merger, Consolidation, Acquisition and Sale of Assets.
	  	 	7689	  
				
		 	 7.2.
	  	 Creation of Liens.
	  	 	7790	  
				
		 	 7.3.
	  	 Guarantees.
	  	 	7791	  
				
		 	 7.4.
	  	 Investments.
	  	 	7791	  

  
 iv 

									
		 	 7.5.
	 	 Loans.
	  	 	7892	  
				
		 	 7.6.
	 	 [RESERVED].
	  	 	78	  
				
		 	 7.7.
	 	 Distributions.
	  	 	7892	  
				
		 	 7.8.
	 	 Indebtedness.
	  	 	8095	  
				
		 	 7.9.
	 	 Nature of Business.
	  	 	8095	  
				
		 	 7.10.
	 	 Transactions with Affiliates.
	  	 	8095	  
				
		 	 7.11.
	 	 [RESERVED].
	  	 	81	  
				
		 	 7.12.
	 	 Fiscal Year and Accounting Changes.
	  	 	8196	  
				
		 	 7.13.
	 	 [RESERVED]Pledge of Credit.
	  	 	8196	  
				
		 	 7.14.
	 	 Amendment of OrganizationalOrganization Documents; Material
Indebtedness.
	  	 	8196	  
				
		 	 7.15.
	 	 Compliance with ERISA.
	  	 	8197	  
				
		 	 7.16.
	 	 Prepayment of Subordinated Indebtedness.
	  	 	8298	  
				
		 	 7.17.
	 	 Burdensome Agreements.
	  	 	8298	  
				
		 	 7.18.
	 	 Anti-Terrorism Laws.
	  	 	8399	  
				
		 	 7.19.
	 	 Trading with the Enemy Act.
	  	 	84100	  
				
		 	 7.20.
	 	 Permitted Activities.
	  	 	84100	  
		
	 VIII.     CONDITIONS PRECEDENT.
	  	 	84100	  
				
		 	 8.1.
	 	 Conditions to Initial Purchase.
	  	 	84100	  
				
		 	 8.2.
	 	 Conditions to Delayed Draw Notes Purchase.
	  	 	88104	  
				
		 	 8.3.
	 	 Conditions to Each Notes Purchase.
	  	 	89105	  
				
		 	 8.4.
	 	 Determination of Conditions Precedent.
	  	 	87	  
		
	 IX.        INFORMATION AS TO NOTE
PARTIES.
	  	 	89106	  
				
		 	 9.1.
	 	 Disclosure of Material Matters.
	  	 	89106	  
				
		 	 9.2.
	 	 [RESERVED]Environmental Reports.
	  	 	89106	  
				
		 	 9.3.
	 	 Litigation.
	  	 	88106	  
				
		 	 9.4.
	 	 Material Occurrences; Material Contracts.
	  	 	90107	  

  
 v 

									
		 	 9.5.
	  	 Parent Financials.
	  	 	91107	  
				
		 	 9.6.
	  	 Annual Financial Statements.
	  	 	91107	  
				
		 	 9.7.
	  	 Quarterly Financial Statements.
	  	 	91108	  
				
		 	 9.8.
	  	 Monthly Financial Statements.
	  	 	91108	  
				
		 	 9.9.
	  	 Other Reports.
	  	 	91108	  
				
		 	 9.10.
	  	 Additional Information.
	  	 	92109	  
				
		 	 9.11.
	  	 Projected Operating Budget.
	  	 	92109	  
				
		 	 9.12.
	  	 Variances From Operating Budget.
	  	 	92109	  
				
		 	 9.13.
	  	 Notice of Suits, Adverse EventsReserved.
	  	 	92109	  
				
		 	 9.14.
	  	 ERISA Notices and Requests.
	  	 	93110	  
				
		 	 9.15.
	  	 Unrestricted Subsidiaries.
	  	 	93111	  
				
		 	 9.16.
	  	 Additional Documents.
	  	 	93111	  
		
	 X.     EVENTS OF DEFAULT.
	  	 	93111	  
				
		 	 10.1.
	  	 Nonpayment.
	  	 	94111	  
				
		 	 10.2.
	  	 Breach of Representation.
	  	 	94111	  
				
		 	 10.3.
	  	 Financial and other Information.
	  	 	94111	  
				
		 	 10.4.
	  	 Judicial Actions.
	  	 	94112	  
				
		 	 10.5.
	  	 Noncompliance.
	  	 	94112	  
				
		 	 10.6.
	  	 Judgments.
	  	 	94112	  
				
		 	 10.7.
	  	 Bankruptcy.
	  	 	95112	  
				
		 	 10.8.
	  	 Inability to Pay.
	  	 	95113	  
				
		 	 10.9.
	  	 [Reserved].
	  	 	95113	  
				
		 	 10.10.
	  	 Lien Priority.
	  	 	95113	  
				
		 	 10.11.
	  	 Cross Default.
	  	 	95113	  
				
		 	 10.12.
	  	 Termination of Guaranty.
	  	 	95113	  

  
 vi 

									
		 	 10.13.
	  	 Change of Ownership.
	  	 	95113	  
				
		 	 10.14.
	  	 Invalidity.
	  	 	95114	  
				
		 	 10.15.
	  	 [Reserved].
	  	 	96114	  
				
		 	 10.16.
	  	 [Reserved].
	  	 	96114	  
				
		 	 10.17.
	  	 [Reserved].
	  	 	96114	  
				
		 	 10.18.
	  	 Pension Plans.
	  	 	96114	  
		
	 XI.        PURCHASERS’ RIGHTS AND
REMEDIES AFTER DEFAULT.
	  	 	96114	  
				
		 	 11.1.
	  	 Rights and Remedies.
	  	 	96114	  
				
		 	 11.2.
	  	 Purchaser’s Discretion.
	  	 	98116	  
				
		 	 11.3.
	  	 Setoff.
	  	 	98116	  
				
		 	 11.4.
	  	 Rights and Remedies not Exclusive.
	  	 	98116	  
				
		 	 11.5.
	  	 Equity Cure Right.
	  	 	98117	  
				
		 	 11.6.
	  	 Allocation of Payments After Event of Default.
	  	 	98117	  
		
	 XII.      WAIVERS AND JUDICIAL PROCEEDINGS.
	  	 	100118	  
				
		 	 12.1.
	  	 Waiver of Notice.
	  	 	100118	  
				
		 	 12.2.
	  	 Delay.
	  	 	100118	  
				
		 	 12.3.
	  	 Jury Waiver.
	  	 	100118	  
		
	 XIII.     EFFECTIVE DATE AND TERMINATION.
	  	 	100119	  
				
		 	 13.1.
	  	 Term.
	  	 	100119	  
				
		 	 13.2.
	  	 Termination.
	  	 	100119	  
		
	 XIV.     REGARDING AGENT.
	  	 	100119	  
				
		 	 14.1.
	  	 Appointment.
	  	 	100119	  
				
		 	 14.2.
	  	 Collateral.
	  	 	101	  
				
		 	 14.3.
	  	 Nature of Duties and Exculpatory Provisions.
	  	 	103121	  
				
		 	 14.4.
	  	 Lack of Reliance on Agent and Resignation.
	  	 	105123	  
				
		 	 14.5.
	  	 Reliance.
	  	 	106124	  

  
 vii 

									
		 	 14.6.
	 	 Indemnification.
	  	 	106125	  
				
		 	 14.7.
	 	 Delivery of Documents.
	  	 	107126	  
				
		 	 14.8.
	 	 No Reliance on Agent’s Customer Identification Program.
	  	 	107126	  
				
		 	 14.9.
	 	 Agent May File Proof of Claim.
	  	 	107126	  
		
	 XV.      GUARANTY.
	  	 	108127	  
				
		 	 15.1.
	 	 Guarantee of Obligations.
	  	 	108127	  
				
		 	 15.2.
	 	 Continuing Obligation.
	  	 	108127	  
				
		 	 15.3.
	 	 Waivers with Respect to Obligations.
	  	 	108128	  
				
		 	 15.4.
	 	 Purchasers’ Power to Waive, etc.
	  	 	108128	  
				
		 	 15.5.
	 	 Information Regarding the Issuer, etc.
	  	 	110129	  
				
		 	 15.6.
	 	 Certain Guarantor Representations.
	  	 	110130	  
				
		 	 15.7.
	 	 Subrogation.
	  	 	110130	  
				
		 	 15.8.
	 	 Subordination.
	  	 	111131	  
				
		 	 15.9.
	 	 Contribution Among Guarantors.
	  	 	111131	  
		
	 XVI.     MISCELLANEOUS.
	  	 	111131	  
				
		 	 16.1.
	 	 Governing Law.
	  	 	112131	  
				
		 	 16.2.
	 	 Entire Understanding.
	  	 	113132	  
				
		 	 16.3.
	 	 Successors and Assigns; Participations; New Purchasers.
	  	 	115134	  
				
		 	 16.4.
	 	 Register.
	  	 	113	  
				
		 	 16.5.
	 	 Exchange.
	  	 	113	  
				
		 	 16.6.
	 	 Replacement Notes
	  	 	115	  
				
		 	 16.716.4.
	 	 Application of Payments.
	  	 	121140	  
				
		 	 16.816.5.
	 	 Indemnity.
	  	 	121140	  
				
		 	 16.916.6.
	 	 Notice.
	  	 	122141	  
				
		 	 16.1016.7.
	 	 Survival.
	  	 	124143	  

  
 viii 

									
		 	 16.1116.8.
	  	 Severability.
	  	 	124143	  
				
		 	 16.1216.9.
	  	 Expenses.
	  	 	124143	  
				
		 	 16.1316.10.
	  	 Injunctive Relief.
	  	 	124144	  
				
		 	 16.1416.11.
	  	 Consequential Damages.
	  	 	124144	  
				
		 	 16.1516.12.
	  	 Captions.
	  	 	125144	  
				
		 	 16.1616.13.
	  	 Counterparts; Facsimile Signatures.
	  	 	125144	  
				
		 	 16.1716.14.
	  	 Construction.
	  	 	125144	  

  
 ix 

									
		 	 16.1816.15.
	 	 Confidentiality; Sharing Information.
	  	 	125144	  
				
		 	 16.1916.16.
	 	 Publicity.
	  	 	126145	  
				
		 	 16.2016.17.
	 	 Certifications From Banks and Participants; USA PATRIOT Act.
	  	 	126145	  
				
		 	 16.2116.18.
	 	 INTERCREDITOR AGREEMENT.
	  	 	126146	  
				
		 	 16.22.
	 	 USA PATRIOT Act.
	  	 	126	  
				
		 	 16.23.
	 	 Anti-Terrorism Laws.
	  	 	126	  
		
	 XVII.        REPRESENTATION AND WARRANTIES
OF THE PURCHASERS.
	  	 	127147	  
				
		 	 17.1.
	 	 Legal Capacity; Due Authorization.
	  	 	127147	  
				
		 	 17.2.
	 	 Restrictions on Transfer.
	  	 	127147	  
				
		 	 17.3.
	 	 Accredited Investor, etc.
	  	 	128148	  
		
	 XVIII.      REGISTERED INVESTMENT
COMPANIES
	  	 	149	  
				
		 	 17.4.
	 	 Reliance on Exemptions.
	  	 	128	  
				
		 	 17.5.
	 	 Information.
	  	 	128	  
				
		 	 17.6.
	 	 No Governmental Review.
	  	 	128	  
				
		 	 17.7.
	 	 Validity; Enforcement.
	  	 	128	  

  
 x 

 LIST OF EXHIBITS AND SCHEDULES 

 

			
		
	Exhibits	 	
		
	Exhibit A	 	Term Note
		
	Exhibit B	 	Delayed Draw Note
		
	Exhibit C	 	Intercreditor Agreement
		
	Exhibit D	 	Pledge Agreement
		
	Exhibit 1.2	 	Compliance Certificate
		
	Exhibit 5.5(b)	 	Financial Projections
		
	Exhibit 6.10	 	Additional Guarantor Supplement
		
	Exhibit 8.1(g)	 	Solvency Certificate
		
	Exhibit 16.3(c)	 	Assignment and Assumption
		
	Exhibit 16.3(d)(A)	 	Affiliated Purchaser Assignment and Assumption
		
	Exhibit 16.3(d)(B)	 	Affiliated Purchaser Notice
		
	Exhibit E	 	Form of Fracking Fleet Maintenance Report
		
	Exhibit F	 	Fracking Fleet Preservation Program
		
	Schedules	 	
		
	Schedule A	 	PIMCO Purchasers
		
	Schedule B	 	Guggenheim Purchasers
		
	Schedule 1.1	 	Commitments
		
	Schedule 1.2	 	Permitted Encumbrances
		
	Schedule 1.3	 	Pledged Equity
		
	Schedule 1.4	 	Closing Date Guarantors
		
	Schedule 4.5	 	Leasehold Interests; Location of Note Parties; Ownership of Collateral; Place of Business, Chief Executive Office, Real Property
		
	Schedule 4.14	 	Vehicles
		
	Schedule 4.15(i)	 	Deposit Accounts, Securities Accounts and Investment Accounts
		
	Schedule 5.1	 	Consents
		
	Schedule 5.2(a)	 	States of Formation and Qualification and Good Standing
		
	Schedule 5.2(b)	 	Subsidiaries
		
	Schedule 5.4	 	Federal Tax Identification Number
		
	Schedule 5.6	 	Prior Names
		
	Schedule 5.8(b)	 	Litigation
		
	Schedule 5.8(d)	 	Plans
		
	Schedule 5.9	 	Intellectual Property
		
	Schedule 5.10	 	Licenses and Permits
		
	Schedule 5.24	 	Equity Interests
		
	Schedule 5.25	 	Commercial Tort Claims
		
	Schedule 5.26	 	Letter of Credit Rights
		
	Schedule 5.27	 	Material Contracts
		
	Schedule 5.28	 	Registered Securities
		
	Schedule 6.14	 	Post-Closing Actions
		
	Schedule 7.3	 	Guarantees

  
 xi 

			
		
	Schedule 7.4	  	Permitted Investments
		
	Schedule 7.8	  	Indebtedness
		
	Schedule 7.17	  	Existing Agreements
		
	Schedule 7.20	  	Permitted Activities

  
 xii 

 NOTE PURCHASE AGREEMENT 

This NOTE PURCHASE AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”)
dated as of August 8, 2014 among KGH Intermediate Holdco I, LLC, a Delaware limited liability company (“Holdings”), KGH Intermediate Holdco II, LLC, a Delaware limited liability company (the “Issuer”), the
Subsidiary Guarantors from time to time party hereto, the investors party to this Agreement from time to time as purchasers (collectively, the “Purchasers” and each, individually, a “Purchaser”) and U.S. Bank
National Association as agent for the Purchasers (“Agent”). 
 RECITALS: 

WHEREAS, the Issuer desires to issue and sell to the Purchasers on the Closing Date, and the Purchasers have agreed to purchase on the Closing
Date, pursuant to this Agreement, the Issuer’s Senior Secured Notes due August 8, 2019 (the “Term Notes”) in the aggregate original stated principal amount of $150,000,000, in the form attached hereto as Exhibit A;
and 
 WHEREAS, the Issuer desires to issue and sell to the Purchasers from time to time during the Delayed Draw Availability Period, and
the Purchasers have agreed to purchase during such period, pursuant to this Agreement, the Issuer’s Senior Secured Notes due August 8, 2019 (the “Delayed Draw Notes”) in an aggregate original stated principal amount not to
exceed $50,000,000, in the form attached hereto as Exhibit B. 
 IN CONSIDERATION of the mutual covenants and undertakings herein
contained, each of the Note Parties, the Purchasers and Agent hereby agree as follows: 
 I. DEFINITIONS. 

1.1. Accounting Terms. As used in this Agreement, the other Note Documents or any certificate, report or other document made or
delivered pursuant to this Agreement or the other Note Documents, accounting terms not defined in Section 1.2 or elsewhere in this Agreement and accounting terms partly defined in Section 1.2 to the extent not defined, shall have the
respective meanings given to them under GAAP; provided, however, whenever such accounting terms are used for the purposes of determining compliance with financial covenants in this Agreement, such accounting terms shall be defined in accordance with
GAAP as applied in preparation of the audited financial statements of KGH and its consolidated Subsidiaries provided to the Purchasers prior to the Closing Date for the fiscal yearFiscal Year ended on or about
December 31, 2013. If at any time any change in GAAP would affect the computation of any financial covenant or requirement set forth in the Agreement or any other Note Document, and either the Issuer or the Required Purchasers so request, the
Required Purchasers and Issuer shall negotiate in good faith to amend such covenant or requirement to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, (a) such covenant or requirement
will continue to be determined in accordance with GAAP prior to such change, and (b) Issuer shall provide to the Purchasers financial statements and other documents required under this Agreement or as reasonably requested by the Required
Purchasers setting forth a reconciliation between calculations of such covenant or requirement made both before and after giving effect to such change in GAAP. 

  

 Notwithstanding anything in this Agreement to the contrary, any lease of the Note Parties and
their Subsidiaries that would be characterized as an operating lease under GAAP in effect on the Closing Date (whether such lease is entered into before or after the Closing Date) shall not constitute a Capitalized Lease under this Agreement or any
other Note Document as a result of any changes in GAAP occurring after the Closing Date and (ii) for purposes of determining compliance with any covenant (including the computation of any financial covenant or the determination of financial
measures) contained herein, Indebtedness of the Issuer and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be
disregarded. 
 1.2. General Terms. For purposes of this Agreement the following terms shall have the following meanings: 

“ABL Equipment” shall mean, collectively, all of that Equipment listed on Schedule 1.2(b) to this Agreement (which such
Schedule 1.2(b) shall indicate, as to each such item of Equipment, whether such item of Equipment is “titled collateral” governed by a certificate of title statute in any applicable jurisdiction), together with all ABL Equipment Spare
Parts and all accessions (as defined in the Uniform Commercial Code) thereto; provided that, to the extent the Schedule 1.2(b) added to the Note Purchase Agreement pursuant to the Second Amendment on the Second Amendment Effective
Date indicates that the VIN# for any particular item of ABL Equipment is “TBD” or “To Be Determined”, promptly following the determination of all such VIN#’s for all such items, the Note Parties shall deliver written notice
to Agent and to the Revolving Agent (as defined in the Intercreditor Agreement) providing an updated copy of such Schedule 1.2(b) with such VIN#’s (and any other “TBD” information) completed, which shall constitute an update and
amendment to such Schedule 1.2(b) for all purposes hereunder and under the Intercreditor Agreement. 
 “ABL Equipment Spare
Parts” means (x) any and all spare parts actually used and installed in/incorporated into any ABL Equipment in connection with the repair or maintenance of such ABL Equipment, and (y) any and all spare parts purchased by any Note
Party for the specific purpose of being used and installed in/incorporated into any ABL Equipment in connection with the repair and maintenance of such ABL Equipment. 

“Acquired Indebtedness” shall mean, with respect to any specified Person, 

(a) Indebtedness of any other Person existing at the time such other Person is merged, consolidated or amalgamated with or into or becomes a
Restricted Subsidiary of such specified Person, excluding Indebtedness incurred in connection with, or in contemplation of, such other Person merging, amalgamating or consolidating with or into, or becoming a Restricted Subsidiary of, such specified
Person, and 
 (b) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

  
 2 

 “Additional Purchaser” shall mean any Person that is not an existing Purchaser
and has agreed to provide Incremental Commitments pursuant to Section 2.7(c). 
 “Adjusted
EBITDA” shall mean the sum of (a) Earnings Before Interest and Taxes for such period (without giving effect to clauses (iii) through (vi) of such definition) plus (b) without
duplication and to the extent reflected in arriving at net income (or loss) and not added back to Earnings Before Interest and Taxes, the sum of (i) depreciation expenses for such period and (ii) amortization expenses for such period, including,
without limitation, non-cash amortization expenses of deferred financing costs. 
 “Affiliate” of any Person shall
mean (a) any Person which, directly or indirectly, is in control of, is controlled by, or is under common control with such Person, or (b) any Person who is a director, manager, member, managing member, general partner or officer
(i) of such Person, (ii) of any Subsidiary of such Person or (iii) of any Person described in clause (a) above. For purposes of this definition, control of a Person shall mean the power, direct or indirect, (x) to vote 10%
or more of the Equity Interests having ordinary voting power for the election of directors of such Person or other Persons performing similar functions for any such Person, or (y) to direct or cause the direction of the management and policies
of such Person whether by ownership of Equity Interests, contract or otherwise. 
 “Agent” shall have the meaning set forth
in the preamble to this Agreement and shall include its successors and assigns. 
 “Agent Fee Letter” means the letter
agreement dated August 8, 2014 by and between the Issuer and Agent relating to the fees payable by the Issuer to Agent in connection with this Agreement and the other Note Documents. 

“Aggregate Revolver Commitments” means the “Aggregate Commitments” as
defined in, and in effect on the Closing Date under, the Revolving Credit Agreement, but in any event giving effect to (x) any increase to commitments thereunder since the Closing Date in an amount equal to the Revolving Credit Incremental Usage
Amount and (y) any permanent decrease to such commitments thereunder. 
 “Agreement” shall have the meaning set
forth in the preamble. 
 “All-In Yield” means, as to any Indebtedness, the yield thereof, whether in the form of interest
rate, margin, OID, upfront fees, a eurocurrency or base rate floor, or other similar financial consideration, in each case, incurred or payable by the Issuer generally to all holders of such Indebtedness; provided that OID and upfront fees
shall be equated to an interest rate assuming a 4-year life to maturity (e.g. 100 basis points of OID equals 25 basis points of interest rate margin for a four year average life to maturity); and provided, further, that “All-In
Yield” shall not include arrangement fees, structuring fees, underwriting fees and similar fees not paid generally to all holders in the primary syndication or purchase of such Indebtedness. 

“Annual Financial Statements” means the audited consolidated and consolidating balance sheets and related statements of
income, stockholders’ equity and changes in cash flows of KGH and its Subsidiaries for the fiscal yearsFiscal Years ended December 31, 2011, December 31, 2012 and December 31, 2013. 

  
 3 

 “Anti-Terrorism Laws” shall mean any Laws relating to terrorism, trade sanctions
programs and embargoes, import/export licensing, money laundering or bribery, and any regulation, order, or directive promulgated, issued or enforced pursuant to such Laws, all as amended, supplemented or replaced from time to time (including
without limitation The United States Foreign Corrupt Practices Act of 1977 (Pub. L. No. 95-213, §§101-104, as amended, and/or any similar laws, rules or regulations issued, administered or enforced by any Governmental Body having
jurisdiction over any Note Party). For purposes of this definition only, “Law(s)” shall mean any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued guidance,
release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise, with any Governmental Body, foreign or domestic. 

“Applicable ECF Percentage” means, for any fiscal yearFiscal Year of the Issuer, (a) prior to
the date on which the obligations under the First Lien Term Loan Documents are paid in full, 0% and (b) on and after the date on which all obligations under the First Lien Term Loan Documents are paid in full, 50%. 

“Applicable Law” shall mean all laws, rules and regulations applicable to the Person, conduct, transaction, covenant, Note
Document or contract in question, including all applicable common law and equitable principles, all provisions of all applicable state, federal and foreign constitutions, statutes, rules, regulations, treaties, directives and orders of any
Governmental Body, and all orders, judgments and decrees of all courts and arbitrators. 
 “Applicable Rate” shall mean a
percentage per annum equal to 7.50%. 
 “Appraisal Report” shall mean that certain appraisal report of the
Appraiser entitled “Keane Group Holdings, LLC / Trican Well Service, L.P. Oil and Gas Industry Equipment Appraisal Report – January 2016, Effective December 8, 2015”. 

“Appraiser” shall mean Great American Group Advisory & Valuation Services, L.L.C. 

“Asset Sale” shall mean any sale, transfer or other disposition of assets (including, without limitation, any Equity Interests
in, another Person, or any sale or issuance of Equity Interests by Holdings or a Restricted Subsidiary of the Issuer) by the Issuer or any of its Restricted Subsidiaries to any Person other than (x) to either Issuer or a
Subsidiary Guarantor, (y) as permitted under Section 7.1(a), 7.1(b)(i), 7.1(b)(ii), 7.1(b)(iv), 7.1(b)(v), 7.1(b)(viii), 7.1(b)(ix), 7.1(b)(x) or 7.1(b)(xi) and (z) sales, transfers or other dispositions that in the aggregate generate
Net Cash Proceeds of less than $100,000 in any Fiscal Year of Holdings. 

  
 4 

 “Assignment and Assumption” shall mean a document in the form of Exhibit 16.3
hereto, properly completed and otherwise in form and substance satisfactory to Agent and the Required Purchasers by which the new Purchaser purchases and assumes a portion of the obligation of the Purchasers to purchase or otherwise hold Notes under
this Agreement. 
 “Attributable Indebtedness” shall mean, on any date, (a) in respect of any Capitalized Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP and (b) in respect of any lease that is not a Capitalized Lease entered into in connection with any
Sale-Leaseback Transaction by any Person, the capitalized amount of the remaining lease payments under such lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for
as a Capitalized Lease. 
 “Authority” shall have the meaning set forth in Section 4.19(d) hereof. 

“Bankruptcy Code” shall mean Title 11 of the United States Code, as now or hereafter in effect, or any successor thereto.

 “Bankruptcy Law” shall mean the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for
the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief law of the United States or any other applicable jurisdiction from time to time in effect and affecting the rights of creditors
generally. 
 “Blocked Person” shall have the meaning set forth in Section 5.21(b) hereof. 

“Board of Directors” means, for any Person, the board of directors or other governing body of such Person or, if such Person
does not have such a board of directors or other governing body and is owned or managed by a single entity, the Board of Directors of such entity, or, in either case, any committee thereof duly authorized to act on behalf of such Board of Directors.
Unless otherwise provided, “Board of Directors” means the Board of Directors of the Issuer. 
 “Business Day”
shall mean any day other than Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed. 

“Capital Expenditures” shall mean expenditures made or liabilities incurred for the acquisition (whether by purchase or
lease) of any fixed assets or improvements, replacements, substitutions or additions thereto which have a useful life of more than one year (each a “capital asset”) including the total principal portion of Capitalized Lease Obligations,
which, in accordance with GAAP, would be classified as capital expenditures. 
 “Capitalized Lease Obligation” means at the
time any determination thereof is to be made, the amount of the liability in respect of a Capitalized Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto)
prepared in accordance with GAAP. 

  
 5 

 “Capitalized Leases” shall mean all leases that have been or are required to be,
in accordance with GAAP, recorded as capitalized leases. 
 “Cash Equivalents” shall mean, to the extent owned by Holdings,
the Issuer or any Restricted Subsidiary, those investments set forth in clauses (a) through (d) of Section 7.4. 

“CERCLA” shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as the same
has been amended and may hereafter be amended from time to time, 42 U.S.C. §§ 9601 et seq. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

“CFC Holdco” means any Domestic Subsidiary that has no material assets other than Equity of one or more Foreign Subsidiaries
that are CFCs or any other Domestic Subsidiary that itself is a CFC Holdco. 
 “Change of Control” shall mean (a) the
occurrence of any event (whether in one or more transactions) which results in (i) so long as financial statements of KGH and its consolidated Subsidiaries are being provided in lieu of financial statements of the
IssuerHoldings and its consolidated Subsidiaries in accordance with Section 9.5, any Person other than KGH directly owning beneficially or of record any Equity Interest in Holdings, (ii) any Person (other than
Holdings or a Restricted Subsidiary) directly owning beneficially or of record any Equity Interest in the Issuer or, (iii) a transfer of control of Holdings to a (1) Person (other than an Original Owner) or
(2) Persons (other than Original Owners) constituting a “group” (within the meaning of Rule 13d-5 of the Exchange Act) or (iv) any Person other than the Issuer or Keane Frac GP, LLC directly owning beneficially or of record any
Equity Interest in Keane Frac, LP, except as otherwise permitted by this Agreement, (b) any merger or consolidation of or with the Issuer, except as otherwise permitted by this Agreement, (c) the sale of all or substantially all of
the property or assets of the Issuer, except as otherwise permitted by this Agreement or (d) any “Change of Control” (or any comparable term) in any document pertaining to (A) the Revolving Credit Facility
or, (B) the First Lien Term Loan Agreement or (C) any other Indebtedness in excess of the Threshold Amount to which any Note Party or any Restricted Subsidiary is party. For purposes of this definition, “control
of Holdings” shall mean the power, direct or indirect, (x) to vote 50% or more of the Equity Interests having ordinary voting power for the election of directors (or the individuals performing similar functions) of Holdings or (y) to
appoint a majority of the members of the board of directors of Holdings by contract or otherwise. 
 “Charges” shall mean
all taxes, charges, fees, imposts, levies or other assessments, including all net income, gross income, gross receipts, sales, use, ad valorem, value added, transfer, franchise, profits, inventory, capital stock, license, withholding, payroll,
employment, social security, unemployment, excise, severance, stamp, occupation and property taxes, custom duties, fees, assessments, liens, claims and charges of any kind whatsoever, together with any interest and any penalties, additions to tax or
additional amounts, imposed by any taxing or other authority, domestic or foreign, upon the Collateral or any Note Party or any Restricted Subsidiary. 

  
 6 

 “Class” shall mean, with respect to the Notes, those Notes that have the same
terms and conditions (without regard to differences in the upfront fees, OID or similar fees paid or payable in connection with the sale of such Notes, or differences in tax treatment (e.g., “fungibility”)); provided that such Notes
may be designated in writing by the Issuer and Purchasers holding such Notes as a separate Class from other Notes that have the same terms and conditions and (ii) with respect to Purchasers, those of such Purchasers that have Notes of a
particular Class. For the avoidance of doubt, the Term Notes and the Delayed Draw Notes shall be treated as the same Class for all purposes of this Agreement. 

“Closing” shall have the meaning set forth in Section 2.1(b). 

“Closing Date” shall mean August 8, 2014 or such other date as may be agreed to by the parties hereto. 

“Closing Date Mortgaged Property” shall mean the Material Real
Property set forth on Schedule 4.5 to this Agreement and more particularly defined in the Mortgage for such real property. 

“COAC” means Cerberus Operations and Advisory Company LLC, a Delaware limited liability company. 

“Code” shall mean the Internal Revenue Code of 1986, as the same may be amended or supplemented from time to time, and any
successor statute of similar import, and, in each case, the regulations promulgated thereunder. 

“Collateral” shall mean and include: 

(a) all Receivables; 
 (b) all
Equipment; 
 (c) all General Intangibles; 

(d) all Money and Deposit Accounts; 

(e) all Intellectual Property; 

(f) all Inventory; 
 (g) all
Investment Property; 
 (h) all Real Property; 

(i) all Pledged Equity; 

  
 7 

 (j) all of each Note Party’s right, title and interest in and to, whether now owned or
hereafter acquired and wherever located; (i) its respective goods and other property including, but not limited to, all merchandise returned or rejected by Customers, relating to or securing any of the Receivables; (ii) all of each Note
Party’s rights as a consignor, a consignee, an unpaid vendor, mechanic, artisan, or other holder of a lien, including stoppage in transit, setoff, detinue, replevin, reclamation and repurchase; (iii) all additional amounts due to any Note
Party from any Customer relating to the Receivables; (iv) other property, including warranty claims, relating to any goods securing the Obligations; (v) all of each Note Party’s contract rights, rights of payment which have been
earned under a contract right, instruments (including promissory notes), documents, chattel paper (including electronic chattel paper), warehouse receipts, deposit accounts, letters of credit and money; (vi) all commercial tort claims (whether
now existing or hereafter arising); (vii) if and when obtained by any Note Party, all real and personal property of third parties in which such Note Party has been granted a lien or security interest as security for the payment or enforcement
of Receivables; (viii) all letter of credit rights (whether or not the respective letter of credit is evidenced by a writing); (ix) all supporting obligations; and (x) any other goods, personal property or real property now owned or
hereafter acquired in which any Note Party has expressly granted a security interest or may in the future grant a security interest to Agent hereunder, or in any amendment or supplement hereto or thereto, or under any other agreement between Agent
and any Note Party; 
 (k) all of each Note Party’s ledger sheets, ledger cards, files, correspondence, records, books of account,
business papers, computers, computer software (owned by any Note Party or in which such Note Party has an interest), computer programs, tapes, disks and documents relating to clauses (a), (b), (c), (d), (e), (f), (g) or (h) of this
definition; and 
 (l) all proceeds and products of clauses (a), (b), (c), (d), (e), (f), (g), (h) and (i) of this definition in
whatever form, including, but not limited to: cash, deposit accounts (whether or not comprised solely of proceeds), certificates of deposit, insurance proceeds (including hazard, flood and credit insurance), negotiable instruments and other
instruments for the payment of money, chattel paper, security agreements, documents, eminent domain proceeds, condemnation proceeds and tort claim proceeds. 

For the avoidance of doubt, the Collateral shall not include any of the Excluded Assets. 

It is the intention of the parties that if Agent shall fail to have a perfected Lien in any particular assets of any Note Party for any reason
whatsoever (including assets that constitute Excluded Assets (except in the case of clause (a) therein)), but the provisions of this Agreement and/or of the other Note Documents, together with all financing statements and other public filings
relating to Liens filed or recorded against the Note Parties and their assets, would be sufficient to create a perfected Lien in any property or assets that such Note Party may receive upon the sale, lease, license, exchange, transfer or disposition
of such particular property or assets, then all such “proceeds” of such particular property or assets shall be included in the Collateral. 

For the avoidance of doubt, as of the Closing Date, none of the Note Parties has executed or delivered in favor of Agent a leasehold mortgage
encumbering any of the Leasehold Interests 

  
 8 

 
and the execution of such leasehold mortgage is not a condition precedent under Section 8.1 hereof. In addition, none of the Note Parties shall be required after the Closing Date to execute
or deliver in favor of Agent any such leasehold mortgage. 
 “Commercial Agreements” shall mean, collectively,
(i) the contracts with Customers that relate to oil field services and related activities and to ancillary, supplementary and complementary lines of business and that provide any source of Operating Revenue and
(ii) any other material agreements related to the business and operations of Holdings and its Restricted Subsidiaries. 

“Commitment” means a Term Commitment and/or Delayed Draw Commitment, as the context may require. 

“Commitment Letter” means that certain letter agreement, dated as of June 27, 2014, between Holdings and PIMCO. 

“Compliance Certificate” shall mean a compliance certificate substantially in the form attached hereto as Exhibit 1.2 to be
signed by the Chief Financial Officer or Controller of the Issuer, which shall state that, based on an examination sufficient to permit such officer to make an informed statement, no Default or Event of Default exists, or if such is not the case,
specifying such Default or Event of Default, its nature, when it occurred, whether it is continuing and the steps being taken with respect to such default and, such certificate shall have appended thereto calculations or confirmations which set
forth the Note Parties’ and the Restricted Subsidiaries’ compliance with the requirements or restrictions imposed by Sections 2.5(c) (solely for purposes of the Compliance Certificate delivered pursuant to Section 9.6 for the
fiscal year ended December 31, 2015), 6.5, 6.10, 7.4, 7.5, 7.7, and 7.8. 
 “Consents” shall mean all filings
and all licenses, permits, consents, approvals, authorizations, qualifications and orders of Governmental Bodies and other third parties, domestic or foreign, necessary to carry on Holdings’, the Issuer’s or any of its Restricted
Subsidiaries’ business or necessary (including to avoid a conflict or breach under any agreement, instrument, other document, license, permit or other authorization) for the execution, delivery or performance of this Agreement, the other Note
Documents and the Revolving Credit Documents, including any Consents required under all applicable federal, state or other Applicable Law. 

“Contract Rate” shall have the meaning set forth in Section 3.1 hereof. 

“Controlled Group” shall mean, at any time, Holdings, the Issuer, its Restricted Subsidiaries and all members of a controlled
group of corporations and all trades or businesses (whether or not incorporated) under common control and all other entities which, together with the Issuer, are treated as a single employer under Section 414 of the Code. 

“Covenant Trigger Event” meansshall mean that the Excess Availability on any day is less than
or equal to 25% of the Aggregate Revolver Commitments$20,000,000. For purposes hereof, the occurrence of a Covenant Trigger Event shall be deemed to be continuing until the Excess Availability is greater than
25% of the Aggregate Revolver Commitmentsexceeds $20,000,000 for thirty (30) consecutive days, after which 30-day period a Covenant Trigger Event shall no longer be deemed to be continuing
for purposes of this Agreement. 

  
 9 

 “Covered Entity” shall mean (a) the Issuer, each of the Issuer’s
Subsidiaries, all Guarantors and all pledgors of Collateral and (b) each Person that, directly or indirectly, is in control of a Person described in clause (a) above. For purposes of this definition, control of a Person shall mean the
direct or indirect (x) ownership of, or power to vote, 25% or more of the issued and outstanding equity interests having ordinary voting power for the election of directors of such Person or other Persons performing similar functions for such
Person, or (y) power to direct or cause the direction of the management and policies of such Person whether by ownership of equity interests, contract or otherwise. 

“Cumulative Credit” means, at any date, an amount, determined on a cumulative basis equal to, without duplication: 

(a) the Cumulative Retained Excess Cash Flow Amount at such time, plus 

(b) the cumulative amount of cash and Cash Equivalent proceeds from (x) the sale of Qualified
Equity Interests of the Issuer or(other than Disqualified Equity Interests) of any direct or indirect Parent of the Issuer or from capital contributions (other than
for Disqualified Equity Interests) to Holdings, in each case, after the Closing Date and on or prior to such time (including upon exercise of warrants or options) (other than but excluding any amount used for an
Equity Cure) which, in each case as long as the proceeds thereof have been contributed as common equity to the capital of the Issuer, and (y) the issuance of Subordinated Indebtedness after the Closing
Date; plus 
 (c) an amount equal to any returns in cash and Cash Equivalents (including dividends,
interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received by the Issuer or any Restricted Subsidiary in respect of any investments, advances, loans or extensions of credit made pursuant
to Section 7.4(g) and 7.5(e), plus 
 (d) any Retained Declined Proceeds not used to optionally prepay the Notes
pursuant to Section 2.4(a) or otherwise applied, plus to repay the First Lien Term Loan Debt, minus 

(e) the proceeds of Qualified Subordinated Indebtedness received by the
Issuer, minus 
 (f) any amount of the Cumulative
Credit used to make distributions pursuant to Section 7.7(iv) after the Closing Date and prior to such time, minus 

(ge) any amount of the Cumulative Credit used to purchase or acquire obligations or Equity Interests
of, or any other interest in, any Person, or to make advances, loans or extensions of credit to any Person, pursuant to Section 7.4(g) and Section 7.5(e), minus 

  
 10 

 (hf) any amount of the Cumulative Credit used to make
prepayments, redemptions, purchases, defeasances and other payments in respect of Subordinated Indebtedness pursuant to Section 7.16(iv) after the Closing Date and prior to such time. 

For the avoidance of doubt, no portion of the capital contribution of $200,000,000 made by Parent Guarantor to the Issuer on
or about the Fourth Amendment Closing Date shall be included in the calculation, as of any date of determination, of the amount of the Cumulative Credit. 

“Cumulative Retained Excess Cash Flow Amount” means, at any time, an amount determined on a cumulative basis equal to the
aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date. 

“Current Assets” shall mean, as at any date of determination, the
total assets of the Issuer and its Restricted Subsidiaries (other than cash and Cash Equivalents) which may properly be classified as current assets on a
consolidated balance sheet of the Issuer and its Restricted Subsidiaries in accordance with GAAP. 

“Current Liabilities” shall mean, as at any date of determination, the total
liabilities of the Issuer and its Restricted Subsidiaries which may properly be classified as current liabilities (other than the current portion of any long term indebtedness) on a consolidated balance sheet of the Issuer and its Restricted
Subsidiaries in accordance with GAAP. 
 “Customer” shall mean and include the account debtor with respect to any
Receivable and/or the prospective purchaser of goods, services or both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Note Party, pursuant to
which such Note Party is to deliver any personal property or perform any services. 
 “Customer Real Property” shall have
the meaning set forth in Section 4.19(a) hereof. 
 “Debtor Relief Laws” shall mean the Bankruptcy Code of the United
States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Declined Proceeds” shall
have the meaning set forth in Section 2.5(f) hereof. 
 “Default” shall mean an event, circumstance or condition
which, with the giving of notice or passage of time or both, would constitute an Event of Default. 
 “Default Rate” shall
have the meaning set forth in Section 3.1(c) hereof. 
 “Defaulting Purchaser” shall mean, subject to
Section 2.8(b), any Purchaser that (a) has refused (which refusal may be given verbally or in writing to the Issuer and has not been 

  
 11 

 
retracted) or failed to perform any of its purchase obligations hereunder, including in respect of its Notes, which refusal or failure is not cured within one (1) Business Day after the date
of such refusal or failure, (b) has notified the Issuer that it does not intend to comply with its purchase obligations or has made a public statement to that effect with respect to its purchase obligations hereunder, (c) has failed,
within three (3) Business Days after request to such Purchaser by the Issuer, to confirm that it will comply with its purchase obligations (provided that such Purchaser shall cease to be a Defaulting Purchaser pursuant to this clause
(c) upon receipt of such written confirmation by the Issuer), or (d) prior to its purchase obligations hereunder having been satisfied (or the relevant Commitments having been terminated) with respect to the Term Notes and the Delayed Draw
Notes, has, or has a direct or indirect parent company that has, after the date of this Agreement, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for
the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any
such proceeding or appointment; provided that a Purchaser shall not be a Defaulting Purchaser solely by virtue of the ownership or acquisition of any equity interest in that Purchaser or any direct or indirect parent company thereof by a
Governmental Body so long as such ownership interest does not result in or provide such Purchaser with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or
permit such Purchaser (or such Governmental Body) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Purchaser. 

“Delayed Draw Availability Period” means the period from but excluding the Closing Date to but including the first
anniversary of the Closing Date. 
 “Delayed Draw Commitment” means, as to each Purchaser, its obligation to purchase a
Delayed Draw Note from the Issuer pursuant to Section 2.2 in an aggregate amount not to exceed the amount set forth opposite such Purchaser’s name on Schedule 1.1 under the caption “Delayed Draw Commitment” as such amount
may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Delayed Draw Commitments on the Closing Date is $50,000,000. 

“Delayed Draw Funding Date” shall have the meaning set forth in Section 2.2(b) hereof. 

“Delayed Draw Note” shall have the meaning set forth in the recitals to this Agreement. 

“DIP Financing” shall mean any financing obtained under Section 363 or Section 364 of the Bankruptcy Code or any
similar provision of any other Bankruptcy Law. 
 “Disqualified Equity Interests” shall mean any Equity Interest that, by
its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for
Qualified Equity Interests) not constituting Disqualified Equity Interests, including Qualified Preferred Stock, and cash payments in lieu of the issuance of fractional shares), pursuant
to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the 

  
 12 

 
occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Notes and all other Obligations that are accrued and payable and the termination of
the Commitments), (b) is redeemable at the option of the holder thereof, in whole or in part (other than solely for Qualified Equity Interests andnot constituting Disqualified Equity Interests,
including Qualified Preferred Stock, and cash payments in lieu of the issuance of fractional shares other than as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of
control or asset sale event shall be subject to the prior repayment in full of the Notes and all other Obligations that are accrued and payable and the termination of the Commitments), in whole or in part, (c) provides for the scheduled
payments of dividends in cash prior to the repayment in full of the Notes and all other Obligations that are accrued and payable and the termination of the Commitments, or (d) is or becomes convertible into or exchangeable for Indebtedness or
any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91) days after the Latest Maturity Date at the time of issuance of such Equity Interests. 

“Disqualified Person” means the Persons that have been specified in writing by the Issuer to the Agent on or prior to the
effective date of the Third Amendment (other than with respect to competitors of the Issuer, which shall have been specified in writing by the Issuer to the Agent on or prior to the Subject Transaction Effective Date) and any Affiliates of such
Persons that are readily identifiable as such on the basis of their name. 
 “Dollar” and the sign “$”
shall mean lawful money of the United States of America. 
 “Domestic Subsidiary” shall mean any Subsidiary that is
organized under the laws of the United States, any state thereof or the District of Columbia. 
 “Earnings Before Interest and
Taxes” shall mean for any period the sum of (a) net income (or loss) of the IssuerHoldings on a Consolidated Basis for such period, plus (b) without duplication and to the extent reflected in
arriving at such net income (or loss) the sum of (i) all interest expense, minus all interest income earned, in each case of or by the IssuerHoldings on a Consolidated Basis for such period, (ii) all charges against
income of the IssuerHoldings on a Consolidated Basis for such period for federal, state and local taxes, (iii) all extraordinary, unusual or non-recurring losses or charges (including severance, relocation,
restructuring, litigation settlements or losses and fees and expenses incurred in connection with the commencement of operations or a new business of the Issuer or any of its Restricted Subsidiaries), provided, that the aggregate amount of
losses or charges added back pursuant to this clause (iii) for any fiscal yearFiscal Year, together with the aggregate amount of pro forma adjustments in the form of cost savings, operating expense reductions or
synergies increasing EBITDA for purposes of any pro forma calculation under this Agreement for such fiscal yearFiscal Year, shall not exceed (w) $15,000,000 for the fiscal year ending
December 31, 2014, (x) $12,000,000 for the fiscal yearFiscal Year ending December 31, 2015, (yx) $12,000,00017,500,000 for the
fiscal yearFiscal Year ending December 31, 2016 and (zy) $10,000,00012,800,000 for each fiscal yearFiscal Year ending after December 31, 2016,
(iv) all losses realized upon the disposition of assets outside of the Ordinary Course of Business, (v) all losses attributable to the early extinguishment of Indebtedness or acquisition accounting (including (x) the effect of
any non-cash items resulting from any amortization, write-down or 

  
 13 

 
write-off of assets (, including intangible assets, goodwill and deferred financing costs and (y), including in connection with the transactions
contemplated by this Agreement or any Permitted Acquisition) or any similar transaction permitted pursuant to Section 7.4), and (vi) all non-cash compensation charges, including any such charges arising from
stock options, restricted stock grants or other equity incentive programs less (c) the sum of (i) all extraordinary, unusual or non-recurring gains, (ii) all gains realized upon the disposition of assets outside of the Ordinary
Course of Business, and (iii) all income attributable to the early extinguishment of Indebtedness or acquisition accounting (including (x) the effect of any non-cash items resulting from any amortization, or
write-up of assets (including intangible assets, goodwill and deferred financing costs and (y), including in connection with the transactions contemplated by this Agreement or, any Permitted
Acquisition or any similar transaction permitted pursuant to Section 7.4). 
 “Earnout” shall mean, as to any
Person at any time, any and all indebtedness, obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of all obligations
of such Person for “earnouts,” purchase price adjustments, profit sharing arrangements, deferred purchase money amounts and similar payment obligations or continuing obligations of any nature of such Person arising out of purchase and sale
contracts.; provided, however, that for purposes of this definition, “Earnout” shall not include any consideration or any other payments made or to be made to the Seller Companies (as defined in the Trican Asset
Purchase Agreement) (or their successors or assigns) under any Trican Acquisition Document in effect as of the Fourth Amendment Closing Date. 

“EBITDA” shall mean for any period the sum of (a) Earnings Before Interest and Taxes for such period, plus
(b) without duplication and to the extent reflected in arriving at net income (or loss) and not added back to Earnings Before Interest and Taxes, the sum of (i) depreciation expenses for such period, (ii) amortization expenses for
such period, including, without limitation, non-cash amortization expenses of deferred financing costs, (iii) fees and expenses incurred in connection with (1) the Transactions and the Subject Transactions, (2) the financing of
any Capital Expenditures or the incurrence of Permitted Indebtedness, and (3) Permitted Acquisitions, (iv) unrealized losses under any interest or currency Swap Contract, and (v) fees and expenses paid in cash to COAC to the extent
permitted under Section 7.10(b) hereof minus (c) unrealized gains under any interest or currency Swap Contract. To the extent any provision of this Agreement permits the calculation of EBITDA on a pro forma basis (whether for
calculating the Leverage Ratio, Fixed Charge Coverage Ratio or any other test or ratio), the aggregate amount of all such pro forma adjustments increasing EBITDA in the form of cost savings, operating expense reductions or synergies for any
fiscal yearFiscal Year, when added to the aggregate amount added back pursuant to clause (iii) of the defined term “Earnings Before Interest and Taxes” for such fiscal yearFiscal Year,
shall not exceed (w) $15,000,000 for the fiscal year ending December 31, 2014, (x) $12,000,000 for the fiscal yearFiscal Year ending December 31, 2015, (yx)
$12,000,00017,500,000 for the fiscal yearFiscal Year ending December 31, 2016 and (zy) $10,000,00012,800,000 for each fiscal
yearFiscal Year ending after December 31, 2016. 

  
 14 

 “ECF Account” shall have the meaning provided in the definition of Excess Cash
Flow. 
 “Environmental Complaint” shall have the meaning set forth in Section 4.19(d) hereof. 

“Environmental Laws” shall mean all applicable federal, state and local laws, statutes, ordinances and codes as well as
common laws relating to the protection of the environment and human health and/or governing the use, storage, treatment, generation, transportation, processing, handling, production or disposal of Hazardous Substances and the rules and regulations,
or other legally binding guidelines, interpretations, decisions, policies, orders and directives of federal, state and local governmental agencies and authorities with respect thereto. 

“Equipment” shall mean and include as to any Person all of such Person’s goods (other than Inventory) whether now owned
or hereafter acquired and wherever located including all equipment, machinery, apparatus, motor vehicles, fittings, furniture, furnishings, fixtures, parts, accessories and all replacements and substitutions therefor or accessions thereto. 

“Equity Cure” shall have the meaning set forth in Section 11.5. 

“Equity Interests” of any Person shall mean any and all shares, rights to purchase, options, warrants, general, limited or
limited liability partnership interests, member interests, participation or other equivalents of or interest in (regardless of how designated) equity of such Person, whether voting or nonvoting, including common stock, preferred stock, convertible
securities or any other “equity security” (as such term is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act). 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time and the rules and
regulations promulgated thereunder. 
 “Eurodollar Rate” with respect to an Interest Period, the rate (expressed as a
percentage per annum) which appears on the Bloomberg Page BBAM1 (or on such other substitute Bloomberg page that displays rates at which US dollar deposits are offered by leading banks in the London interbank deposit market), or the rate which is
quoted by another source selected by Agent which has been approved by the British Bankers’ Association as an authorized information vendor for the purposes of displaying rates at which U.S. dollar deposits are offered by leading banks in the
London interbank deposit market (an “Alternate Source”), at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period as the London interbank offered rate for U.S. Dollars
for a Representative Amount in U.S. Dollars for a 3-month period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement rate determined by
Agent at such time (which determination shall be conclusive absent manifest error)); provided that the Eurodollar Rate shall not be less than 1.00% per annum. Agent shall give prompt notice to the Issuer of the Eurodollar Rate as
determined in accordance herewith, which determination shall be conclusive absent manifest error. Notwithstanding anything to the contrary contained herein, if the Eurodollar Rate determined as otherwise provided for in this definition would be
less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

  
 15 

 “Event of Abandonment” shall mean any of the following shall have occurred:
(i) the abandonment, suspension or cessation by any Note Party of all or a material portion of the activities or assets related to the Fracking Fleets or the Commercial Agreements (solely to the extent such abandonment, suspension
or cessation is materially inconsistent with the course of business contemplated by Section 6.2) for a period in excess of 180 consecutive days (other than (x) as a result of force majeure so long as Holdings and its
Restricted Subsidiaries are diligently attempting to resume such activities, (y) with respect to any assets that the Issuer has determined are not commercially viable or (z) any event or occurrence adequately covered (other than to the
extent of customary deductibles) by insurance (including business interruption insurance) pursuant to which the insurer has been notified and has not denied coverage); or (ii) a formal, public announcement by Holdings or its Restricted
Subsidiaries of a decision to abandon or indefinitely defer or suspend a material portion of the business activities of Holdings and its Restricted Subsidiaries, described in Section 5.20. 

“Event of Default” shall have the meaning set forth in Article X hereof. 

“Excess Availability” shall mean, as of any date of determination, the amount equal to
(a) the “Undrawn Availability” (as defined in the Revolving Credit Agreement (as of the Fourth Amendment Closing Date), as of such date plus (b) the aggregate
amount of un-Restricted cash and Cash Equivalents (other than Restricted Cash), in each case, included on the consolidated balance sheet of the Issuer, of Holdings and
the Restricted Subsidiaries on deposit as of such date, contained in deposit or securitiesin any and all bank accounts in the name of Holdings and its Restricted Subsidiaries
and subject to a control agreements in favor of Agent and free and clear of all Liens (other than nonconsensual Liens, customary Liens in favor of any bank or
securities intermediary that maintains any such deposit or securities accounts, Liens in favor of Agent for the benefit of the Note Parties and Liens in favor of the agent for the benefit of the
lenders under agreement in favor of the Agent (solely to the extent such amount of un-Restricted cash and Cash Equivalents have not been included in the Formula Amount (as defined in the Revolving
Credit Facility, all to the extent permitted by Section 7.2Agreement) set forth on any Borrowing Base Certificate (as defined in the Revolving Credit Agreement)). 

“Excess Cash Flow” for any fiscal period shall mean, in each case for Issuer on a Consolidated
Basis, EBITDA for such fiscal period, minus the sum (without duplication) of: (a) Unfunded Capital Expenditures during such fiscal period, (b) taxes (and distributions made in connection therewith)
actually paid (or distributed) in cash during such fiscal period, (c) interest expense to the extent actually paid in cash and added back to net income pursuant to clause (b)(i) of the defined term “Earnings Before Interest and Taxes”
during such fiscal period, (d) the excess, if any, of Net Working Capital at the end of such period over Net Working Capital at the beginning of such period (or, if the difference results in an amount less than zero, minus the excess, if any,
of Net Working Capital at the beginning of such period over Net Working Capital at the end of such period), (e) the aggregate amount of all principal payments and repayments of  

  
 16 

 
Indebtedness to the extent financed with Internally Generated Cash (other than (A) payments and repayments made in respect of any revolving credit facility (including the Revolving
Credit Facility) unless there is a corresponding reduction in commitments thereunder, (B) optional prepayments made pursuant to Section 2.4 or (C) mandatory prepayments made pursuant to Section 2.5(c)) made during such period,
(f) out-of-pocket expenses paid in cash during such period in connection with Permitted Acquisitions and the incurrence of Permitted Indebtedness, (g) payments made in cash during such period to the extent added back to net income pursuant
to clause (b)(iii) of the defined term “Earnings Before Interest and Taxes”, (h) cash payments made during such period in respect of interest rate or currency Swap Contracts, (i) dividends and distributions made in cash during
such period pursuant to clauses (ii), (v)(i), (v)(ii) and (to the extent not already deducted pursuant to clause (i) below) (v)(iii) of Section 7.7, (j) payments made in cash during such period in connection with any Qualified Earnout
and (i) fees and expenses paid in cash during such period to COAC to the extent permitted under Section 7.10(b) hereof.for any Excess Cash Flow Period, the sum of (i) the excess of (a) the aggregate
amount of cash, Cash Equivalents and other investments on deposit in the deposit, securities and other accounts of Holdings and its Restricted Subsidiaries other than amounts on deposit in (1) the Keane Completions Account and (2) the
Other Excepted Accounts (such accounts, other than those referenced in sub-clauses (1) and (2) above, the “ECF Accounts”) as of the last day of the applicable Excess Cash Flow Period over (b) the
aggregate amount of cash, Cash Equivalents and other investments on deposit in all ECF Accounts as of the beginning of the first day of such Excess Cash Flow Period, after giving pro forma effect to the aggregate reduction in cash in
such ECF Accounts to fund the mandatory prepayment made during such Excess Cash Flow Period to satisfy the requirements of Section 2.5(c) (or the corresponding provision of the First Lien Term Loan Agreement) with respect to the immediately
preceding Excess Cash Flow Period and excluding any amounts on deposit in the ECF Accounts to the extent such amounts constitute cash proceeds subject to mandatory prepayment in accordance with Sections 2.5(a) and (d) (or subject to the
mandatory prepayment requirements of the First Lien Term Loan Agreement) and (ii) the aggregate amount of Growth Capital Expenditures to the extent such Growth Capital Expenditures do not constitute (x) Growth
Capital Expenditures consented to by the Required Purchasers or (y) Growth Capital Expenditures funded with the cash proceeds from any capital contribution or any sale, issuance offering or placement of Equity Interests (other than Disqualified
Equity Interests) of the Issuer. 
 “Excess Cash Flow Period” means each fiscal year
of the Issuer commencing with and including the fiscal year shall mean (i) with respect to the repayment required on the Excess Cash Payment Date in respect of the Fiscal Year of Holdings ending
December 31, 20152016, the period from the Fourth Amendment Closing Date to December 31, 2016 (taken as one accounting period) and (ii) with respect to the repayment required on each successive Excess Cash Payment
Date, the immediately preceding Fiscal Year of Holdings, but in all cases for purposes of calculating the Cumulative Retained Excess Cash Flow Amount shall only include such fiscal yearsFiscal Years for which financial
statements and a Compliance Certificate have been delivered in accordance with Section 9.6 and for which any prepayments required by Section 2.5(c) (if any) have been made (it being understood that the Retained Percentage of Excess Cash
Flow for any Excess Cash Flow Period shall be included in the Cumulative Retained Excess Cash Flow Amount regardless of whether a prepayment is required by Section 2.5(c)). 

  
 17 

 “Excess Cash Payment Date” shall mean the date occurring five days after the last
day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ending December 31, 2016). 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Excluded Assets” shall mean (a) any asset of a Foreign Subsidiary or any Equity Interests of a Foreign Subsidiary or
CFC Holdco (other than 65% of the common voting Equity Interests and 100% of any non-voting Equity Interests of any first-tier Foreign Subsidiary or first-tier CFC Holdco, each of which shall constitute Collateral), (b) Equity Interests of any
Unrestricted Subsidiary or of any Subsidiary not constituting a Material Subsidiary, (c) assets if the granting of a security interest in such asset would (I) be prohibited by Applicable Law (but proceeds and receivables
thereof, the assignment of which is expressly deemed effective under the UCC, shall not be deemed excluded from the Collateral regardless of such prohibition), or (II) be prohibited by contract (except to the extent such prohibition is overridden by
UCC Section 9-408) (but proceeds and receivables thereof shall not be deemed to be excluded from the Collateral regardless of such prohibition), in each case unless and until such prohibition is no longer in effect, (d) any property and
assets, the pledge of which would require approval, license or authorization of any Governmental Body, unless and until such consent, approval, license or authorization shall have been obtained or waived, (e) any fee owned Real Property (other
than any Material Real Property) and any Leasehold Interests, (f) any Vehicle having an individual fair market value less than $50,000, (g) any “intent to use” trademark application and (h) assets in circumstances where the
Required Purchasers reasonably determine that the cost, burden or consequences (including adverse tax consequences) of obtaining or perfecting a security interest in such assets is excessive in relation to the practical benefit afforded thereby.

 “Excluded Subsidiary” means (a) any Foreign Subsidiary, (b) any Unrestricted Subsidiary, (c) any CFC
Holdco and, (d) any Domestic Subsidiary that is a direct or indirect Subsidiary of a Foreign Subsidiary that is a CFC and (e) any Domestic Subsidiary whose assets consist solely of its ownership interest
in one or more CFCs. 
 “Executive Order No. 13224” shall mean the Executive Order No. 13224 on Terrorist
Financing, effective September 24, 2001, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. 

“FATCA” shall mean Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with), and any current or future regulations thereunder or official interpretations thereof, any agreement entered into pursuant to
Section 1471(b)(1) of the Code and any intergovernmental agreements (and related legislation or official administrative guidance) implementing the foregoing. 

  
 18 

 “Fiscal Quarter” shall mean, for any Fiscal Year, (i) the fiscal
period commencing on January 1 of such Fiscal Year and ending on March 31 of such Fiscal Year, (ii) the fiscal period commencing on April 1 of such Fiscal Year and ending on June 30 of such Fiscal Year, (iii) the fiscal
period commencing on July 1 of such Fiscal Year and ending on September 30 of such Fiscal Year and (iv) the fiscal period commencing on October 1 of such Fiscal Year and ending on December 31 of such Fiscal Year. 

“Fiscal Year” shall mean the fiscal year of Holdings and its Restricted Subsidiaries ending on December 31 of
each calendar year. 
 “First Lien Term Loan Agent” shall mean the agent under the First Lien Term Loan Agreement. 

“First Lien Term Loan Agreement” shall mean that certain Term Loan Agreement, dated as of the Subject Transaction Effective
Date, among the Issuer, Holdings, the guarantors party thereto and the lenders and agents party thereto, as the same may be amended, restated, modified, substituted, extended, replaced, refinanced or supplemented from time to time, in each case to
the extent permitted by this Agreement and the Intercreditor Agreement. 
 “First Lien Term Loan Debt” shall mean the
Indebtedness incurred by any Note Party under the First Lien Term Loan Agreement. 
 “First Lien Term Loan Documents”
means the First Lien Term Loan Agreement and all of the loan documents made or delivered from time to time in connection therewith, as any such documents may be amended, restated, modified, substituted, extended, replaced, refinanced or supplemented
from time to time, in each case to the extent permitted by this Agreement and the Intercreditor Agreement. 
 “First Lien Term Loan
Lenders” shall mean the lenders from time to time party to the First Lien Term Loan Agreement. 
 “Fixed
Charge Coverage Ratio” shall mean and include, with respect to any fiscal period, the ratio of (a) (i) the sum of EBITDA for such period, (ii) minus Unfunded Capital Expenditures made during such period,
(iii) minus (and, for avoidance of doubt, without duplication of any of the following) distributions (including tax distributions) and dividends pursuant to Section 7.7 made in cash during such period, (iv) minus cash
taxes paid during such period and (v) minus cash payments made in respect of Attributable Indebtedness to (b) all Fixed Charges, all calculated for the IssuerHoldings on a Consolidated Basis. For purposes of
calculating the Fixed Charge Coverage Ratio (and Fixed Charges), such calculation shall be made on a pro forma basis so as to give effect to any Permitted Acquisitions or any similar transactions permitted pursuant to Section 7.4 which
have been consummated and any Indebtedness (including for the avoidance of doubt the incurrence of Indebtedness under this Agreement and the Revolving Credit Agreement on the Closing Date) which shall have been
incurred, in each case during the relevant fiscal period as if such consummation or incurrence had occurred on the first day of such period. 

  
 19 

 “Fixed Charges” means the sum, determined on a consolidated basis, of
(a) interest expense to the extent actually paid in cash plus (b) scheduled payments of principal on Indebtedness (excluding in respect of any Attributable Indebtedness but including, whether or not accounted for as a scheduled
payment, cash payments made in respect of Earnouts (other than any Ultra Tech Earnout Payment)). 
 “Force Majeure
Event” shall mean acts, occurrences, events and conditions beyond the reasonable control of the party claiming relief on the basis of the occurrence of the Force Majeure Event which delays or renders impossible the performance of the Note
Parties of their obligations under Section 6.15 and which could not have been prevent or avoided by the Note Parties through the exercise of due diligence, including acts of God, earthquakes, fires, floods, storms, and other sudden actions of
the elements, insurrection, terrorism, acts of war (whether declared or otherwise), and labor disputes affecting PennDOT (or the department of transportation in the relevant jurisdiction, as applicable) and resulting in the cessation of the
processing of certificates of title. 
 “Foreign Subsidiary” of any Person, shall mean any Subsidiary of
such Person that is not a Domestic Subsidiary. 
 “Fourth Amendment” means that certain Fourth Amendment to this
Agreement, dated as of March 15, 2016. 
 “Fourth Amendment Closing Date” shall mean the date on which all
conditions precedent to the effectiveness of the Fourth Amendment shall have been satisfied or waived in writing by the Agent. 

“Fracking Fleet” shall mean each group consisting of fracking rigs, trucks, pumps, a data van and other vehicles and Equipment
that, taken as a whole, (i) when deployed, is capable of providing a Customer with a typical level of hydraulic fracturing services in accordance with the applicable Commercial Agreement in any one location based upon historical operations of
Holdings and its Restricted Subsidiaries and (ii) represents, based on historical operations, on average, approximately 40,000 hydraulic horsepower. 

“Fracking Fleet Maintenance Report” shall mean a monthly report substantially in the form of Exhibit E. 

“Fracking Fleet Preservation Program” shall mean the maintenance program that addresses the repair, maintenance and
storage of each idle Fracking Fleet as more particularly described in Exhibit F. 
 “GAAP” shall mean generally
accepted accounting principles in the United States of America in effect from time to time. 

  
 20 

 “General Intangibles” shall mean and include as to each Note Party all of such
Note Party’s general intangibles, whether now owned or hereafter acquired, including all payment intangibles, all choses in action, causes of action, corporate or other business records, inventions, designs, patents, patent applications,
equipment formulations, manufacturing procedures, quality control procedures, trademarks, trademark applications, service marks, trade secrets, goodwill, copyrights, design rights, software, computer information, source codes, codes, records and
updates, registrations, licenses, franchises, customer lists, tax refunds, tax refund claims, computer programs, all claims under guaranties, security interests or other security held by or granted to such Note Party to secure payment of any of the
Receivables by a Customer (other than to the extent covered by Receivables) all rights of indemnification and all other intangible property of every kind and nature (other than Receivables). 

“Governmental Body” shall mean any nation or government, any state or other political subdivision thereof or any entity,
authority, agency, division or department exercising the executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to a government. (including any
supra-national bodies such as the European Union or the European Central Bank) and any group or body charged with setting financial accounting or regulatory capital rules or standards (including, without
limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing). 

“Growth Capital Expenditures” shall mean Capital Expenditures of the Note Parties in connection with the purchase,
construction or other acquisition of new fixed assets (excluding any amounts (x) used to maintain, repair, renew, replace, retrofit, restore, reorganize (i.e., repositioning of fixed assets), reconfigure, substitute or otherwise
replace any fixed assets, or required to be made in accordance with Applicable Law or any Governmental Body, (y) paid in connection with the consummation of a Permitted Acquisition, or (z) funded with the proceeds of any
issuance of Equity Interests not constituting Disqualified Equity Interests or of any capital contributions to the Issuer). 

“Guarantor” shall mean (a) Holdings and (b) each Restricted Subsidiary of the Issuer that is not an Excluded
Subsidiary, including those Subsidiaries that are listed on Schedule 1.4 hereto and any other Person who may hereafter guarantee payment or performance of the whole or any part of the Obligations and “Guarantors” means collectively
all such Persons. Any Restricted Subsidiary that is a borrower, a guarantor, or otherwise is an obligor under, or has granted a Lien on its assets as credit support for, the Revolving Credit Facility or the First Lien Term Loan Debt will also
be a Guarantor of the Notes. 
 “Guaranty” shall mean any guaranty of the Obligations by a Guarantor in favor of Agent for
its benefit and for the ratable benefit of the Purchasers, pursuant to this Agreement or any other agreement delivered in connection hereof. 

“Guggenheim Purchasers” shall mean the Purchasers set forth on Schedule B hereto. 

  
 21 

 “Hazardous Discharge” shall have the meaning set forth
in Section 4.19(d) hereof.mean, without limitation, any Release of a reportable quantity of any Hazardous Substances at the Real Property or any Customer Real Property that would reasonably be expected to result in
a Material Adverse Effect. 
 “Hazardous Substance” shall mean, without limitation, any flammable explosives,
radioactive materials, friable and damaged asbestos, polychlorinated biphenyls, petroleum and petroleum products, methane, hazardous materials, Hazardous Wastes, hazardous substances or Toxic Substances or related materials as defined in
CERCLA, the Hazardous Materials Transportation Act, as amended (49 U.S.C. Sections 5101, et seq.), RCRA, Articles 15 and 27 of the New York State Environmental Conservation Law or any other applicable Environmental Law and
in the regulations adopted pursuant thereto. 
 “Hazardous Wastes” shall mean all waste materials subject to
regulation under CERCLA, RCRA or comparable state law, and any other applicable Environmental Laws relating to hazardous waste disposal. 

“Holdings” shall have the meaning set forth in the preamble to this Agreement. 

“Holdings on a Consolidated Basis” shall mean the consolidation in accordance with GAAP of the accounts or other items of
the Issuer and its Restricted Subsidiaries. 
 “Increased Tax Burden” shall mean the additional federal, state or local
taxes assumed to be payable by a (direct or indirect) member or partner of any of the Note Parties and the Restricted Subsidiaries as a result of such Note Party’s or such Restricted Subsidiary’s status as a limited liability company or
limited partnership as evidenced and substantiated by the tax returns filed by such Note Party or such Restricted Subsidiary as a limited liability company or limited partnership, as the case may be, with such taxes being calculated for all (direct
or indirect) members and partners, as the case may be, at the highest effective marginal combined U.S. federal, state and local income tax rate or rates applicable to any such member or partner, taking into account the character of the items of
income, gain, loss or deduction allocated to such member or partner, as the case may be. 
 “Incremental Amendment” shall
have the meaning set forth in Section 2.7(g). 
 “Incremental Amendment Date” shall have the meaning set forth in
Section 2.7(d). 
 “Incremental Commitments” shall have the meaning set forth in Section 2.7(a). 

“Incremental Note” has the meaning set forth in Section 2.7(b). 

“Incremental Note Closing Date” shall have the meaning set forth in Section 2.7(b). 

“Incremental Purchasers” shall have the meaning set forth in Section 2.7(c). 

“Incremental Request” has the meaning set forth in Section 2.7(a). 

  
 22 

 “Indebtedness” shall mean, as to any Person at any time, any and all
indebtedness, obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i) borrowed money, (ii) amounts
raised under or liabilities in respect of any note purchase or acceptance credit facility, and all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all Attributable Indebtedness,
(iv) reimbursement obligations (contingent or otherwise) under any letter of credit agreement, banker’s acceptance agreement or similar arrangement, (v) net obligations of such Person under any Swap Contract, (vi) any other
advances of credit made to or on behalf of such Person or other transaction (including forward sale or purchase agreements, capitalized leases and conditional sales agreements) having the commercial effect of a borrowing of money entered into by
such Person to finance its operations or capital requirements including to finance the purchase price of property or services and all obligations of such Person to pay the deferred purchase price of property or services (but not including trade
payables and accrued expenses incurred in the ordinary course of business which are not represented by a promissory note or other evidence of indebtedness and which are not more than sixty (60) days past due), or (vii) all
Disqualified Equity Interests of such Person, (viii) all indebtedness, obligations or liabilities secured by a Lien on any asset of such Person, whether or not such indebtedness, obligations or liabilities are otherwise an obligation of such
Person, (ix) Earnouts; or (x) any guaranty of any indebtedness, obligations or liabilities of a type described in the foregoing clauses (i) through (ix). 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint
venture that is itself a corporation or limited liability company) in which such Person is a general partner or joint venture, to the extent such Indebtedness is recourse to such Person. The amount of any net obligation under any Swap Contract on
any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of Indebtedness of any Person for purposes of clause (viii) that is limited in recourse to the property encumbered thereby shall be deemed to be equal
to the lesser of (i) the aggregate unpaid amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby as reasonably determined. 

“Intellectual Property” shall mean property constituting under any Applicable Law a patent, patent application, copyright,
copyright application, trademark, trademark application, service mark, tradename, mask work, trade secret or license or other right to use any of the foregoing. 

“Intercreditor Agreement” means, collectively, (a) the intercreditor agreement dated as of the Closing Date, among
Agent, the Purchasers, the Revolving Facility Agent and the lenders party to the Revolving Credit Agreement, attached as Exhibit C hereto, as the same may be amended, restated, modified, substituted, replaced or supplemented from time to time as
permitted hereunder and (b) the Intercreditor Agreementintercreditor agreement dated as of the Fourth Amendment Closing Date, among Agent and, the First Lien Term Loan Agent and the Note
Parties party thereto, as the same may be amended, restated, modified, substituted, replaced or supplemented from time to time as permitted hereunder. 

  
 23 

 “Interest Payment Date” shall mean
March 31, June 30, September 30 and December 31 of each year and the Maturity Date. 
 “Interest
Period” shall mean the period commencing on and including an Interest Payment Date and ending on and including the day immediately preceding the next succeeding Interest Payment Date, with the exception that the first Interest Period shall
commence on and include the Closing Date and end on and include September 29, 2014. 
 “Internally Generated
Cash” means, with respect to any Person, funds of such PersonFunds” shall mean any amount generated by the Issuer and its Restricted
Subsidiaries not constituting (x) proceeds of the issuance of (or contributions in respect of) Equity Interests of such Person,
(y)representing, without duplication, (i) Operating Revenue or (ii) the proceeds offrom the incurrence of Indebtedness (other than the incurrence of extensions of credit
under the Revolving Credit Facility or any other revolving credit or similar facility) by such Person or any of its Restricted Subsidiaries (including, for the avoidance of doubt,
proceeds received in connection with a Capitalized Lease or Sale-Leaseback Transaction) or (z) proceeds of sales, dispositions or Casualty Events (other than ordinary course
dispositions of Inventory or Receivables).Agreement. 
 “Inventory” shall mean and include
as to each Note Party all of such Note Party’s now owned or hereafter acquired goods, merchandise and other personal property, wherever located, to be furnished under any consignment arrangement, contract of service or held for sale or lease,
all raw materials, work in process, finished goods and materials and supplies of any kind, nature or description which are or might be used or consumed in such Note Party’s business or used in selling or furnishing such goods, merchandise and
other personal property, and all documents of title or other documents representing them. 
 “Investment Property” shall
mean and include as to each Note Party, all of such Note Party’s now owned or hereafter acquired securities (whether certificated or uncertificated), securities entitlements, securities accounts, commodities contracts and commodities accounts.

 “Issuer” shall have the meaning set forth in the preamble to this Agreement. 

“Issuer on a Consolidated Basis” shall mean the consolidation in accordance with GAAP of the accounts or
other items of the Issuer and its Restricted Subsidiaries. 
 “Keane Completions” shall mean Keane Completions CN
Corp., a corporation organized under the laws of British Columbia. 
 “Keane Completions Account” shall mean the accounts, with
account nos. 1148246 and 4023388, the name of Keane Completions maintained with the Royal Bank of Canada, with an aggregate amount therein not to exceed $3,000,000. 

“Keane Completions Lease Guaranty” shall mean any agreement by any Note Party or any Restricted Subsidiary pursuant to which
such Note Party or such Restricted Subsidiary shall have guaranteed, or otherwise agreed to be liable for, the payment when due and performance of the obligations of Keane Completions, up to an aggregate amount not to exceed
$3,000,000, arising under any real property lease to which Keane Completions is a party as lessee or tenant. 

  
 24 

 “KGH” shall mean Keane Group Holdings, LLC, a Delaware limited liability
company. 
 “Latest Maturity Date” means, at any date of determination and with respect to the specified Notes, the latest
Maturity Date applicable to any Note hereunder at such time, including the latest maturity date of any Incremental Notes. 

“Leasehold Interests” shall mean all of each Note Party’s right, title and interest in and to, and as lessee,
sublessee or licensee in, to and under leases, subleases or licenses of the premises identified on Schedule 4.5 hereto. 

“Leverage Ratio” shall mean, as of any date, the ratio of (a) Total Net Debt outstanding on such date to (b) EBITDA
for the preceding period of four fiscal quartersFiscal Quarters ending closest to such date, all calculated for the IssuerHoldings on a Consolidated Basis. Solely for purposes of calculating the
Leverage Ratio, EBITDA shall be calculated on a pro forma basis so as to give effect to any Permitted Acquisition or any similar transaction permitted pursuant to Section 7.4 which shall have been consummated in accordance with the
definition thereof during such period of four fiscal quartersFiscal Quarters as if such consummation had occurred on the first day of such period. 

“Lien” shall mean any mortgage, deed of trust, pledge, hypothecation, assignment, security interest, lien (whether statutory
or otherwise), Chargecharge, claim or encumbrance, or preference, priority or other security agreement or preferential arrangement held or asserted in respect of any asset of any kind or nature whatsoever including any
conditional sale or other title retention agreement, the interest of any lessor under any contract designated as a lease that would be deemed to be a security interest under the applicable provisions Uniform Commercial Code (including
Section 1-203 thereof) and the filing of any financing statement under the Uniform Commercial Code or comparable law of any jurisdiction (other than precautionary lien filings). 

“Lien Waiver Agreement” shall mean an agreement which is executed in favor of Agent by a Person who owns or occupies premises
at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may have with respect to any of the Collateral and shall authorize Agent to enter upon the premises to inspect or remove the
Collateral from such premises or to use such premises to store or dispose of such Inventory. 
 “Material Adverse Effect”
shall mean a material adverse effect on (a) the financial condition, results of operations, assets, business or properties of the IssuerHoldings on a Consolidated Basis, (b) any Note Party’s ability to duly and
punctually pay or perform the Obligations in accordance with the terms thereof, (c) the value of a material portion of the Collateral, or Agent’s Liens on the Collateral or the priority of any such Lien or (d) the
Agent’s and each Purchaser’s rights and remedies available under this Agreement and the other Note Documents. 

  
 25 

 “Material Contract” shall mean any contract, agreement, instrument, lease or
license, written or oral, ofentered into by any of the Note Parties, which is material to suchthe Note Party’sParties’ business, taken as a whole, or which, the
failure to comply with, would reasonably be expected to result in a Material Adverse Effect. 
 “Material Real Property”
means any fee-owned Real Property owned by any Note Party that has a fair market value in excess of $1,000,000 (at the Closing Date or, with respect to fee-owned Real Property acquired after the Closing Date, at the time of acquisition). 

“Material Subsidiary” means, at any date of determination, each of the Issuer’s
Subsidiaries (a) whose total assets (when combined with the assets of such Subsidiary’s Subsidiaries after eliminating intercompany obligations) at the last day of the most recent four fiscal quarter period were equal to or greater than 5%
of Total Assets at such date or (b) whose EBITDA (when combined with the EBITDA of such Subsidiary’s Subsidiaries, after eliminating intercompany obligations) for such four fiscal quarter period were equal to or greater than 5% of the
consolidated EBITDA of the Issuer and its Restricted Subsidiaries for such period, in each case determined in accordance with GAAP; provided that if, at any time and from time to time
after the Closing Date, Subsidiaries whose Equity Interests constitute Excluded Assets solely because they do not meet the thresholds set forth in clauses (a) or (b) comprise in the aggregate
more than 5% of Total Assets as of the end of the most recently ended fiscal quarter of the Issuer for which financial statements have been delivered pursuant to Sections 9.6 or 9.7 or more than 5% of the consolidated EBITDA of the
Issuer and its Restricted Subsidiaries for such four fiscal quarter period then ended, then the Issuer shall, not later than forty-five (45) days after the date by which financial statements for such quarter
are required to be delivered pursuant to this Agreement (or such longer period as the Required Purchasers may agree in their discretion), (i) designate in writing to Agent and the Purchasers one or more of such
Domestic Subsidiaries as “Material Subsidiaries” to the extent required such that the foregoing condition ceases to be true and (ii) provide a perfected security interest in the assets owned by and the Equity Interests of such
Subsidiary to the extent otherwise required under this Agreement and the other Note Documents (including, to the extent required, delivery of (i) a
supplement to the Pledge Agreement in respect thereof executed by the applicable Note Party holding such Equity Interests,
to the extent such Note Party is not otherwise a party thereto, and (ii) an Additional Guarantor Supplement). 

“Maturity Date” shall mean (i) with respect to the Term Notes and the Delayed Draw Notes (if any), August 8, 2019
and (ii) with respect to any Incremental Notes, the final maturity date as specified in the applicable Incremental Amendment; provided, that in each case if such day is not a Business Day, the Maturity Date shall be the Business Day
immediately succeeding such day. 
 “Maximum Priority First Lien Loan Amount” means (x) $100,000,000, less the
aggregate amount of all repayments of principal of the loans made under the First Lien Term Loan Agreement on and after the Subject Transaction Effective Date plus (y) the aggregate amount of all loans made in connection with any
Protective Advance or DIP Financing, in an aggregate principal amount not to exceed $75,000,000 at any time outstanding. 

  
 26 

 “Minimum Fracking Fleet Requirement” shall mean an aggregate amount of fracking
rigs, trucks, pumps, a data van and other vehicles and Equipment that, taken as a whole, could be deployed as at least twenty-two (22) Fracking Fleets, with each such Fracking Fleet being capable of providing a Customer with a typical level of
hydraulic fracturing services in accordance with the applicable Commercial Agreement in any one location based upon historical operations of Holdings and its Restricted Subsidiaries and with each such Fracking Fleet representing, on average,
approximately 40,000 hydraulic horsepower. 
 “Mortgaged Property” shall mean (i) the Closing Date
Mortgaged Property and (ii) each Material Real Property , initially, the Real Property owned in fee by any of the Note Parties as set forth on
Schedule 4.5 and subsequently shall include any other Real Property owned in fee by any of the Note Parties which is encumbered (or required to be encumbered) by a Mortgage delivered after the Closing
Date, if any, pursuant to this Agreement. 
 “Mortgages” shall mean the mortgages, deeds of
trust, deeds to secure debt or other similar documents securing Liens on the Material Real Property, as well as the other Collateral secured by and described in the mortgages, deeds of trust, deeds to secure Indebtedness or other similar documents.

 “Multiemployer Plan” shall mean a “multiemployer plan” as defined in Sections 3(37) or 4001(a)(3) of ERISA to
which contributions are required, or, within the preceding five plan years, were required by Holdings, the Issuer, its Restricted Subsidiaries or any member of the Controlled Group. 

“Multiple Employer Plan” shall mean a Plan which has two or more contributing sponsors (including the Issuer or any member of
the Controlled Group) at least two of whom are not under common control, as such a plan is described in Section 4063 or 4064 of ERISA. 

“Narrative Report” shall mean, with respect to the financial statements for which such narrative report is required, a
narrative report describing (a) the results of operations of the Issuer and its Subsidiaries for the applicable fiscal quarter or fiscal yearFiscal Quarter or Fiscal Year and for the period from the beginning of the then
current fiscal yearFiscal Year to the end of such period to which such financial statements relate and otherwise containing information substantially similar to the type customarily found in a management discussion and
analysis and (b) in reasonable detail, all material changes made to any Material Contract and/or each Material Contract entered into by any Note Party, in each case, since the most recently delivered Narrative Report. 

“Net Working Capital” means, as of any date of determination,
Current Assets as of such date minus Current Liabilities as of such date. 

“Net Cash Proceeds” shall mean 100% of the cash proceeds actually received by Holdings or any of its
Restricted Subsidiaries (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise and including casualty insurance 

  
 27 

 
settlements and condemnation awards, but in each case only as and when actually received) from any Asset Sale or Recovery Event, after deducting (i) attorneys’ fees,
accountants’ fees and banking fees (other than such fees payable pursuant to the Note Documents), (ii) payment of any obligations that are secured by any Permitted Encumbrance, (iii) other customary expenses and brokerage, consultant
and other customary fees actually incurred in connection therewith, (iv) transfer taxes paid to any taxing authorities by the Note Parties in connection therewith, and (v) the amount of any reasonable reserve established in accordance with
GAAP against any adjustment to the sale price or any liabilities (x) related to any of the applicable assets and (y) retained by Holdings or any of its Restricted Subsidiaries including, without limitation, any indemnification obligations
(however, the amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such Asset Sale or Recovery Event occurring on the
date of such reduction). For purposes of calculating the amount of Net Cash Proceeds, fees, commissions and other costs and expenses payable to the Note Parties or any of their Affiliates shall be disregarded. 

“Note Documents” shall mean (a) this Agreement, (b) the Notes, (c) the Perfection Certificate, (d) the
Pledge Agreement, (e) the Intercreditor Agreement and (f) any and all other agreements, instruments and documents, including any subordination agreements, intercreditor agreements, guaranties, pledges, security agreement supplements,
intellectual property security agreements, mortgages, collateral assignments, powers of attorney, consents or other similar agreements executed in connection with this Agreement, now or hereafter executed by any Note Party and/or delivered to Agent
or any Purchaser in respect of the transactions contemplated by this Agreement. 
 “Note Increase” has the meaning set
forth in Section 2.7(a). 
 “Note Parties” shall mean collectively (a) Holdings, (b) the Issuer and
(c) each other Guarantor (each, a “Note Party”). 
 “Notes Collateral” shall have the meaning
specified in the Intercreditor Agreement. 
 “Notes” shall mean collectively the Term Notes, the Delayed Draw Notes and any
Incremental Notes. 
 “Obligations” shall mean and include any and all debts, liabilities, obligations, covenants and
duties of any Note Party arising under this Agreement or any other Note Document to the Purchasers or Agent of any kind or nature, present or future (including any interest or other amounts accruing thereon, and any costs and expenses of any Person
payable by the Note Parties and any indemnification obligations payable by the Note Parties arising or payable after maturity, or after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding relating to any Note Party, whether or not a claim for post-filing or post-petition interest or other amounts is allowable or allowed in such proceeding), whether or not for the payment of money, whether arising by reason of an extension
of credit, opening of a letter of credit, loan, equipment lease or guarantee, under any interest or currency swap, future, option or other similar agreement, or in any other manner, whether arising 

  
 28 

 
out of overdrafts or deposit or other accounts or electronic funds transfers (whether through automated clearing houses or otherwise) or out of Agent’s or any Purchaser’s non-receipt of
or inability to collect funds or otherwise not being made whole in connection with depository transfer check or other similar arrangements, whether direct or indirect (including those acquired by assignment or participation), absolute or contingent,
joint or several, due or to become due, now existing or hereafter arising, contractual or tortious, liquidated or unliquidated, regardless of how such indebtedness or liabilities arise or by what agreement or instrument they may be evidenced or
whether evidenced by any agreement or instrument, all of the foregoing and in any such case to the extent advanced to any Note Party under, arising under or out of and/or related to this Agreement, the other Note Documents and any amendments,
extensions, renewals or increases thereto, including all costs and expenses of Agent and any Purchaser incurred in the documentation, negotiation, modification, enforcement, collection or otherwise in connection with any of the foregoing, including
but not limited to reasonable attorneys’ fees and expenses and all obligations of any Note Party to Agent or the Purchasers to perform acts or refrain from taking any action. For the avoidance of doubt, “Obligations” shall include any
obligations arising under any Delayed Draw Notes and Incremental Notes, as well as any Prepayment Premium payable hereunder. 

“OID” means original issue discount. 

“OLV” shall mean, with respect to the Specified Assets, the orderly liquidation value of such asset
as determined by Agent by reference to the Appraisal Report. 
 “Operating Revenue” shall mean cash amounts received
by the Issuer or its Restricted Subsidiaries from any source other than (i) the proceeds of any issuance of Equity Interests of, or capital contributions to, such Persons, (ii) the proceeds of any issuance or incurrence of
Indebtedness (other than the proceeds of incurrences of Indebtedness under the Revolving Credit Facility) or (iii) the proceeds of the sale, transfer or other disposition of assets or any Recovery Event. 

“Ordinary Course of Business” shall mean, with respect to any Person, with respect to any line of business, the ordinary
course of such business of such Person as conducted from time to time in accordance with the business practices established by such Person from time to time; provided such practices are not inconsistent in any material respect with general
industry standards then prevailing with respect to such business practices. 
 “Original Owners”
shall mean (a) Cerberus Capital Management, L.P. or any of its Affiliates and any investment funds or managed accounts which are managed or advised by Cerberus Capital Management, L.P. or one of its Affiliates and (b) each of Kevin Keane
and Shawn Keane and each such individual’s estate, spouse, lineal descendants (including adoptive descendants), relatives, administrators or other personal representative or other estate planning vehicle and any custodian or trustee for the
benefit of any of them. 
 “Organization Documents” means, (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the

  
 29 

 
certificate or articles of formation or organization and operating or limited liability company agreement; and (c) with respect to any partnership, joint venture, trust or other form
of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the
applicable Governmental Body in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Original Owners” shall mean (a) Cerberus Capital Management, L.P. or any of its Affiliates and any investment funds or
managed accounts which are managed or advised by Cerberus Capital Management, L.P. or one of its Affiliates and (b) each of Kevin Keane and Shawn Keane and each such individual’s estate, spouse, lineal descendants (including adoptive
descendants), relatives, administrators or other personal representative or other estate planning vehicle and any custodian or trustee for the benefit of any of them. 

“Other Excepted Account” shall mean each deposit, securities and other accounts of Holdings and its Restricted Subsidiaries that
the Agent has agreed in writing to designate as an Other Excepted Account upon the Issuer’s request. 
 “Parent”
of any Person shall mean a corporation or other entity owning, directly or indirectly at least 50% of the shares of stock or other ownership interestsEquity Interests having ordinary voting power to elect a majority of the
directors of the Person, or other Persons performing similar functions for any such Person. 
 “Participant” shall have the
meaning set forth in Section 16.3(b). 
 “Participant Register” shall have the meaning set forth in
Section 16.3(b). 
 “Payee” shall have the meaning set forth in Section 3.9 hereof. 

“PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA or any
successor. 
 “PennDOT” shall mean the Pennsylvania Department of Transportation or any successor thereto. 

“Pension Benefit Plan” shall mean at any time any “employee pension benefit plan” as defined in Section 3(2)
of ERISA (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under SectionsSection 412, 430 or 436 of the Code and either
(i) is maintained or to which contributions are required by the Issuer or any member of the Controlled Group or (ii) has at any time within the preceding five years been maintained or to which contributions have
been required by the Issuer or any entity which was at such time a member of the Controlled Group. 
 “Perfection
Certificates” shall mean collectively, the Perfection Certificate delivered on the Closing Date and any other Perfection Certificate issued or supplemented after the Closing Date, including the responses thereto provided by each Note Party
and delivered to Agent and the Purchasers. 

  
 30 

 “Permitted Acquisitions” shall mean acquisitions of Equity Interests of another
Person or of the assets of another Person constituting all or substantially all of the assets of such Person or a business line or division of such Person, so long as: (a) the Issuer has provided Agent and the Purchasers with (i) written
notice of such acquisition at least ten (10) days prior to the expected closing date of such acquisition (or such shorter notice as the Required Purchasers may otherwise agree) and (ii) such financial and other information concerning any
such acquisition as Agent or the Required Purchasers may reasonably request; (b) with respect to the acquisition of (i) Equity Interests of another Person, such Person shall, immediately prior to such acquisition, be engaged only in a
business or businesses contemplated by Section 5.20, or similar or supplementary to a business or businesses contemplated by Section 5.20 and (ii) with respect to the acquisition of any assets other than Equity Interests, the acquired
property and business(es) shall comprise a business or line of business, or a business unit or division of an ongoing business, which is the same as, substantially similar or supplementary to the business or businesses contemplated by
Section 5.20; (c) the Issuer shall have complied with Section 6.10 and Agent shall have received a second-priority perfected security interest in all acquired assets and/or Equity Interests, as applicable, constituting Collateral (or,
to the extent constituting Revolving Credit Priority Collateral, a third-priority security interest), subject to documentation satisfactory to Agent and the Required Purchasers (including, if applicable, in the case of any acquisitions of Equity
Interests in an entity other than a corporation, appropriate consents from all other partners or members and amendments to organizational documents permitting a pledge thereof) (which documentation, in connection with the
incurrence of any Delayed Draw Notes or Incremental Notes, the proceeds of which are used to consummate a Permitted Acquisition, mayshall provide for post-closing
periods of up to 90not less than 45 days (or such longer period as agreed by the Required Purchasers)) for the delivery and/or perfection of security interests in Collateral (excluding (x) Pledged Equity
with respect to which a lienLien may be perfected upon closing by the delivery of a stock or equivalent certificate and (y) a Lien on Collateral that may be perfected by the filing of a financing statement under the
Uniform Commercial Code; provided that the Issuer shall use commercially reasonable efforts to perfect a Lien on Real Property constituting Collateral on the date of such closing); (d) the Board of Directors of such
companyPerson shall have duly approved the transaction; (e) the Issuer shall have delivered to Agent and the Purchasers (i) a pro forma balance sheet, pro forma financial statements and a certificate of the Chief
Financial Officer or Controller of the Issuer demonstrating that, after giving effect to the consummation of any such acquisition, (1) IssuerHoldings on a Consolidated Basis shall be in pro forma compliance with
the minimum Fixed Charge Coverage Ratio covenantSection 6.5 (whether or not in effect) set forth in Section 6.5 hereof measured as of the end of the applicable Pro Forma Testing Period
and calculated on a pro forma basis assuming that such acquisition had been consummated (and that any transactions relating to such acquisition, including the incurrence of a Qualified Earnout or any other Indebtedness, had been consummated)
on the first day of such Pro Forma Testing Period (and that all regularly scheduled interest and principal payments with respect to any such related Indebtedness had been paid during such Pro Forma Testing Period), and
(2) IssuerHoldings on a Consolidated Basis shall have a pro forma Leverage Ratio of not greater than 3.50 to 1.00, measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis
assuming that such 

  
 31 

 
acquisition had been consummated (and that any transactions relating to such acquisition, including the incurrence of Indebtedness had been consummated) on the first day of such Pro Forma
Testing Period (and that all regularly scheduled interest and principal payments with respect to any such related Indebtedness had been paid during such Pro Forma Testing Period), and (ii) projections showing the projected
calculation of the Fixed Charge Coverage Ratio for each four-quarter fiscal period of the Issuer completed over the twelve-month period following the consummation of such acquisition and related transactions (including any incurrence of a
Qualified Earnout or any other Indebtedness) and (iii) a certificate substantially in the form of Exhibit 8.1(g) attesting to the solvency of the Note Parties; and (f) both immediately before and immediately after giving pro
forma effect to such acquisition and related transactions, no Default or Event of Default shall have occurred and be continuing or will occur and each of the representations and warranties made by the Note Parties and the Restricted Subsidiaries in
or pursuant to this Agreement and the other Note Documents (including, if applicable, as such representations and warranties apply to such newly acquired Subsidiary or newly acquired assets) shall be true and correct in all material respects (except
to the extent any such representation or warranty (x) is already qualified as to materiality or the occurrence of a Material Adverse Effect, in which case each such representation or warranty so qualified shall be true and correct in all
respects on and as of such date as if made on and as of such date or (y) relates to a particular date specified therein, in which case such representation shall be true and correct as of such specified date) and the certificate referred
to in clause (e) above shall include a certification as to the same; provided, that the conditions set forth in this clause (f) may be limited to the extent agreed to (A) by the applicable Incremental Purchasers pursuant to
Section 2.7(d)(i) in connection with any purchase and sale of Incremental Notes and (B) by the Purchasers in connection with any purchase and sale of Delayed Draw Notes; provided,
further, that to the extent such acquisition is accounted for as an investment incurred pursuant to Section 7.4(g) (as certified in the certificate
delivered by the Chief Financial Officer or Controller of the Issuer), the Issuer shall not have to certify or otherwise comply with the conditions set forth in clauses (e)(i)(1) and (e)(i)(2)
above.. 
 “Permitted Encumbrances” shall mean (a) (1) Liens created under any Note
Document in favor of Agent for the benefit of the Purchasers, (2) subject to the applicable Intercreditor Agreement and the limitations in clause (a)(2) of the defined term Permitted Indebtedness, Liens on the Revolving Credit
Priority Collateral created pursuant to anythe Revolving Credit Document Documents for the benefit of the Revolving Facility Agent and the lenders under the Revolving Credit Agreement
and (3) subject to the applicable Intercreditor Agreement, Liens on the Collateral created pursuant to any First Lien Term Loan Document for the benefit of the First Lien Term Loan Agent and the First Lien Term Loan Lenders;
(b) Liens for taxes, assessments or other governmental charges not delinquent or being Properly Contested; (c) deposits or pledges to secure obligations under worker’s compensation, social security or similar laws, or under
unemployment insurance; (d) deposits or pledges to secure bids, tenders, contracts (other than contracts for the payment of money), leases, statutory obligations, surety, performance and appeal bonds and other obligations of like nature arising
in the Ordinary Course of Businessconnection with the business activities of the Note Parties and their Restricted Subsidiaries, in accordance with Section 5.20(a) and Section 6.2, and not exceeding
$10,000,000 in the aggregate at any time; (e) Liens arising by virtue of the rendition, entry or issuance against any Note Party, or any property of any Note Party, of any judgment, writ, order,

  
 32 

 
or decree to the extent the rendition, entry, issuance or continued existence of such judgment, writ, order or decree (or any event or circumstance relating thereto) that has not resulted
in the occurrence of an Event of Default under Section 10.6 hereof; (f) landlords’, mechanics’, workers’, materialmen’s or other like Liens arising in the Ordinary Course of Business with respect to obligations which
are not due and payable or which are being Properly Contested; (g) Liens (including purchase money liens and liens arising under Capitalized Leases) to secure Indebtedness permitted under clause (b) of the defined term Permitted
Indebtedness placed upon machinery, equipment or other fixed assets, hereafter acquired, to secure all or a portion of the purchase price thereof (in the case of a purchase money financing) or the lease obligations relating thereto (in the case of a
Capitalized Lease), provided that no such lien shall encumber any other property of any Note Party or any Restricted Subsidiary (other than any proceeds related thereto); (h) all easements, covenants, encroachments, licenses, public or
private roads, conditions, restrictions, rights of way, reservations of, or rights of others, encumbrances and other similar matters, improvements and structures located on, over or under any Real Property that are disclosed in policies
of title insurance accepted by the Required Purchasersany Title Policy (including, without limitation, any encumbrances set forth on Schedule B thereto), reasonably acceptable to the
Agent, and all other similar matters or minor defects or irregularities affecting title, or any state of facts that an accurate survey would disclose, in each case which do not interfere in any material respect with theany
Note Party or its Restricted Subsidiaries’ Ordinary Course of Business or have a material adverse effect on the value of such Real Property; (i) any zoning or similar law or right reserved to or vested in any Governmental Body, or any
Lien resulting from any exercise or enforcement thereof, in each case which do not interfere in any material respect with theany Note Party or its Restricted Subsidiaries’ Ordinary Course of Business or have a material
adverse effect on the value of suchthe Real Property subject to such law, right or Lien; (j) Liens disclosed on Schedule 1.2 provided that such Liens shall secure only those obligations which they secure on
the Closing Date (and extensions, renewals and refinancings of such obligations permitted by Section 7.8 hereof) and shall not subsequently apply to any other property or assets of any Note Party or any Restricted Subsidiary other than the
property and assets to which they apply as of the Closing Date and proceeds related thereto; (k) other Liens incidental to the conduct of any Note Party’s or Restricted Subsidiary’s business or the ownership of its property and assets
which were not incurred in connection with the borrowing of money or the obtaining of advances or credit, and which do not in the aggregate materially detract from Agent’s or the Purchasers’ rights in and to the Collateral or the value of
any Note Party’s or Restricted Subsidiary’s property or assets or which do not materially impair the use thereof in the operation of any Note Party’s or Restricted Subsidiary’s business; (l) any interest or title of a lessor
under any lease or sublease (other than a “capital lease” or any other lease that would be deemed to be a security interest under the applicable provisions of the Uniform Commercial Code (including Section 1-203 thereof)) entered
into by any Note Party or any of the Restricted Subsidiaries as permitted under this Agreement or in the ordinary course of business and any financing statement filed in connection with any such lease or sublease; (m) any Lien existing on any
property or assets prior to the acquisition thereof by any Note Party or any Restricted Subsidiary or existing on any property or asset of any Person at the time such Person becomes a Restricted Subsidiary (other than by designation as a Restricted
Subsidiary pursuant to Section 6.11), in each case after the Closing Date; provided that (i) such Lien was not created in contemplation of or in connection with such 

  
 33 

 
acquisition or such Person becoming a Restricted Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other than the proceeds or products thereof, it being
understood that such requirement shall not be permitted to apply to any property to which such requirement would not have applied but for such acquisition), (iii) the obligations (including any Indebtedness) secured by such Lien are otherwise
permitted to be outstanding and secured under this Agreement and (iv) such Lien shall secure only those obligations it secures on the date of such acquisition or the date such Person becomes a Note Party or a Restricted Subsidiary, as the case
may be, and extensions, renewals and replacement thereof that do not increase the outstanding principal amount thereof plus accrued and unpaid interest, fees, expenses and similar amounts; and (n) other Liens, so long as each such Lien
does not extend to or cover any Revolving Credit Priority Collateral and provided that the aggregate amount of the obligations secured thereby does not exceed $1,500,000. 

“Permitted Indebtedness” means: 

(a) (1) Indebtedness to Agent, the Purchasers and their affiliates hereunder constituting Obligations, (2) Indebtedness under the
Revolving Credit Facility not to exceed an aggregate principal amount of $100,000,000 and (3) Indebtedness under the First Lien Term Loan Agreement in an aggregate principal amount not to exceed the Maximum Priority First Lien Loan Amount,
and in each case, any Permitted Secured Debt Refinancing thereof; 
 (b) Attributable Indebtedness and other Indebtedness (including
Capitalized Leases and Indebtedness incurred in connection with any Sale-Leaseback Transaction) financing an acquisition, construction, repair, replacement, lease or improvement of a fixed or capital asset, or entered into in connection with a
Sale-Leaseback Transaction, incurred by the Issuer or any Restricted Subsidiary, in an aggregate amount not to exceed $10,000,00015,000,000; 

(c) Subordinated Indebtedness; provided, that such Subordinated Indebtedness shall not (i) mature earlier than 90 days after the
then Latest Maturity Date in effect on the date of issuance or incurrence thereof, (ii) include any amortization or be subject to mandatory redemption, repurchase, prepayment or sinking fund obligation prior to 90 days after the then Latest
Maturity Date, (iii) require any payments of interest (other than payment-in-kind through the addition to the principal amount thereof) or other amounts in respect of the principal thereof prior to 90 days after the Latest Maturity Date in
effect on the date of incurrence or issuance thereof and (iv) have covenants, defaults or remedy provisions more restrictive (taken as a whole) than those set forth in this Agreement; provided, that notwithstanding clause
(iii) above, in addition to interest payments constituting payment-in-kind, interest or other amounts in respect of the principal thereof may be required or permitted to be paid in cash or in other non-cash
consideration prior to 90 days after the Latest Maturity Date in effect on the date of incurrence or issuance thereof to the extent the Subordinated Loan Documentation related to
such Subordinated Indebtedness (w) expressly limits such cash payments to the extent, in the case of subclauses (ii) and (iii) with respect to prepayments, unless otherwise permitted pursuant to Section 7.16 of
this Agreement, (x) agrees that any such payments made to the holders of such Subordinated Indebtedness in contravention of the terms of the Note Documents shall be held in trust for
the benefit of, and turned over on demand to, the Purchasers and (y) provides that the provisions set forth in clauses (w) and (x) are for the benefit of the
Purchasers and may not be modified without the prior written consent of the Purchasers.; 

  
 34 

 (d) any Indebtedness listed on Schedule 7.8, and the extension of maturity, refinancing or
modification of the terms thereof; provided, however, that (i) such extension, refinancing or modification is pursuant to terms that are not less favorable to the Note Parties and the Restricted Subsidiaries in any material respect than the
terms of the Indebtedness being extended, refinanced or modified (including to the extent any such Indebtedness is Subordinated Indebtedness, the terms of such extended, refinanced or modified Indebtedness shall continue to constitute Subordinated
Indebtedness), (ii) after giving effect to such extension, refinancing or modification, the amount of such Indebtedness is not greater than the amount of Indebtedness outstanding immediately prior to such extension, refinancing or modification
(other than with respect to fees and expenses incurred for, and accrued and unpaid interest in respect of, such refinancing, extension or modification) and (iii) no Note Party that was not liable with respect to the Indebtedness prior to its
refinancing or modification shall be liable with respect to such Indebtedness after giving effect to its refinancing or modification (a “Permitted Refinancing”); 

(e) Guarantees by the Issuer or any Restricted Subsidiary in respect of Permitted Indebtedness otherwise permitted hereunder; provided
that (A) no guarantee by any Restricted Subsidiary of any Indebtedness constituting Subordinated Indebtedness or Indebtedness under the First Lien Term Loan Agreement or the Revolving Credit Facility shall be permitted unless such
guaranteeing party shall have also provided a Guaranty of the Obligations on the terms set forth herein, (B) if the Indebtedness being guaranteed is subordinated to the Obligations, such guarantee shall be subordinated to the Guaranty of the
Obligations on terms at least as favorable to the Purchasers as those contained in the subordination of such Indebtedness and (C) noneither the Issuer nor any Restricted Subsidiary that is not a Note
Party shall guarantee Indebtedness for borrowed money of any Person that is not a Note Party; 
 (f) Indebtedness to
the extent constituting Permitted Intercompany Investments; 
 (g) Indebtedness incurred in the Ordinary Course of Business in connection
with cash pooling, netting and cash management arrangements consisting of overdrafts or similar arrangements; provided that any such Indebtedness does not consist of Indebtedness for borrowed money and such Indebtedness is extinguished within three
(3) Business Days; 
 (h) Indebtedness arising out of the issuance of surety, stay, customs or appeal bonds, bank guarantees,
performance bonds and performance and completing guarantees or other similar obligations, in each case incurred in the Ordinary Course of Business in connection with workers’ compensation, health, disability or other employee benefits,
environmental obligations or property, casualty or liability insurance of any Note Party or any Restricted Subsidiary and in connection with other surety and performance bonds in the Ordinary Course of Business; 

(i) Indebtedness of any of the Note Parties consisting of (i) repurchase obligations with respect to Equity Interests of such Person
issued to the directors, consultants, 

  
 35 

 
managers, officers and employees of any of the Note Parties (or its direct or indirect Parent) arising upon the death, disability or termination of employment of such director, consultant,
manager, officer or employee to the extent such repurchase is permitted under Section 7.7(ii) and (ii) promissory notes issued by any of the Note Parties to directors, consultants, managers, officers and employees (or their spouses or
estates) of any of the Note Parties (or its direct or indirect Parent) to purchase or redeem Equity Interests of such Note Party (or its direct or indirect Parent) issued to such director, consultant, manager, officer or employee to
the extent such purchase or redemption is permitted under Section 7.7(ii), provided that any such notes issued under this clause (ii) shall be subordinated in right of payment to all Obligations on terms and conditions reasonably
satisfactory to the Required Purchasers either pursuant to subordination provisions set forth in such notes or pursuant by the execution and delivery of a subordination agreement, which such subordination provisions or subordination agreement (as
applicable) shall be in form and substance reasonably satisfactory to the Required Purchasers; 
 (j) Qualified Earnouts; 

(k) Acquired Indebtedness in an aggregate principal amount not to exceed $5,000,000; 

(l) Indebtedness in respect of Swap Contracts designed to hedge against the Issuer’s or any Restricted Subsidiary’s exposure to
interest rates or currency fluctuations incurred in the Ordinary Course of Business and not for speculative purposes and guarantees thereof; and 

(m) additional unsecured Indebtedness of the Note Parties, provided that (i) the aggregate principal
amount at any one time outstanding of all such Indebtedness shall not exceed $5,000,000 and (ii) at the time of the incurrence of such Indebtedness, no
Event of Default shall have occurred and be continuing and no Event of Default shall occur as a result of such incurrence1,000,000. 

“Permitted Intercompany Investments” means, in each case, to the extent made by the Issuer or any Restricted Subsidiary: 

(a) advances, loans or extensions of credit made to the Issuer or any of its Restricted Subsidiaries; 

(b) assumptions, endorsements or guarantees of the obligations of the Issuer or any Restricted Subsidiary that either constitute Permitted
Indebtedness or, if such obligations do not constitute Indebtedness, are not otherwise prohibited hereunder; and 
 (c) any purchase or
acquisition of obligations or Equity Interests of, or any other interest in, the Issuer or any Restricted Subsidiary (but excluding, for the avoidance of doubt, any such purchase or acquisition from a Person that is neither the Issuer nor a
Restricted Subsidiary); 
 (d) advances, loans or extensions of credit made by any Note Party to Keane Completions, solely related to the
obligations of such Note Party under the applicable Keane Completions Lease Guaranty, in an amount not to exceed $3,000,000 in the aggregate with respect to all such Note Parties; 

  
 36 

 so long as (x) no Event of Default has occurred and is continuing or would result therefrom
and (y) the aggregate amount of such advances, loans, extensions of credit, guarantees, assumptions, endorsements or investments made by Note Parties in, or for the benefit of, Restricted Subsidiaries that are not Note Parties pursuant to
clauses (a), (b) or (c) above shall not exceed (together with (x) the amount of consideration paid in respect of Persons that do not become Note Parties or assets that do not constitute Collateral pursuant to clause (i) of the
defined term “Permitted Investments” and (y) the amount of investments outstanding pursuant to clause (k) of the defined term “Permitted Investments”) $5,000,000 in the aggregate outstanding at
any time. 
 “Permitted Investments” means (a) advances made in connection with purchases of goods or
services in the Ordinary Course of Business, (b) investments owned by any Note Party on the Closing Date and set forth on Schedule 7.4, (c) [reserved], (d) Permitted Intercompany Investments, (e) Equity Interests or other
securities acquired in connection with the satisfaction or enforcement of Indebtedness or claims due or owing to a Note Party (in bankruptcy of customers or suppliers or otherwise outside the ordinary course of business) or as security for any such
Indebtedness or claims, (f) non-cash loans to employees, officers, and directors of Holdings (or its direct or indirect parentParent) or any of its Subsidiaries for the purpose of purchasing Equity Interests in Holdings
(or its direct or indirect parentParent) so long as the proceeds of such loans are used in their entirety to purchase such stockEquity Interests in Holdings (or its direct or indirect
parentParent), (g) [reserved], (h) investments received in settlement of amounts due to any Note Party, made in the Ordinary Course of Business or owing to any Note Party as a result of insolvency proceedings
involving a Customer or upon the foreclosure or enforcement of any Lien in favor of a Note Party, (i) Permitted Acquisitions, provided that the aggregate amount of consideration
paid directly or indirectly by Note Parties in respect of acquisitions of Persons that do not become Note Parties (or paid to acquire property or assets that will not be owned by a Note Party and constitute Collateral) (together with the amount of
investments made pursuant to clause (k) below and Permitted Intercompany Investments in, or for the benefit of, Restricted Subsidiaries that are not Note Parties) shall not exceed $5,000,000,
((j) investments held by any Person acquired in a Permitted Acquisition to the extent that such investments were not made in contemplation of or in connection with such Permitted Acquisition and were in existence prior to the
date of such Permitted Acquisition and, (k) investments made with the proceeds of Subordinated Indebtedness and (l) so long as no Event of Default has occurred and is continuing or would result
therefrom, other investments in any joint venture or partnership that is not an Affiliate of the Issuer, not exceeding (together with
(x) the amount of consideration paid in respect of Persons that do not become Note Parties or assets that do not constitute Collateral pursuant to clause (i) above and (y) the amount of Permitted Intercompany Investments in, or for
the benefit of, Restricted Subsidiaries that are not Note Parties) $5,000,000 in the aggregate outstanding at any time. 

  
 37 

 “Permitted Secured Debt Refinancing” shall mean one or more extensions, renewals,
refinancings, replacements, restructurings or other modifications from time to time of either the First Lien Term Loan Agreement or the Revolving Credit Facility to the extent not prohibited by the applicable Intercreditor Agreement;
provided, that: 
 (a) such Indebtedness shall be secured by the Collateral (i) in the case of
any extension, renewal, refinancing, replacement, restructuring or other modification of the Revolving Credit Facility, subject to the terms and conditions of the applicable Intercreditor Agreement and on the same basis as the
Revolving Credit Facility is secured by the Revolving Credit Priority Collateral on the Fourth Amendment Closing Date and (ii) in the case of any extension, renewal, refinancing, replacement, restructuring or other modification of the First
Lien Term Loan Debt, subject to the terms of the applicable Intercreditor Agreement, and shall not be secured by any property or assets of the Note Parties or any Restricted Subsidiary other than the Collateral; 

(b) such Indebtedness shall not have any obligors other than the Note Parties; 

(c) (i) in the case of revolving credit commitments and revolving loans, such revolving credit commitments and
revolving loans shall have a maturity date that is not prior to the maturity date with respect to the loans made under the Revolving Credit Facility that are being extended, renewed, refinanced, replaced, restructured or otherwise
modified and (ii) in the case of any term loans, such term loans (x) shall have a maturity date that is not prior to the maturity date of the notes issued under the First Lien Term Loan Agreement being extended,
renewed, refinanced, replaced, restructured or otherwise modified and (y) shall not have a Weighted Average Life to Maturity shorter than the remaining Weighted Average Life to Maturity of the loans under the First Lien Term Loan Agreement then
being extended, renewed, refinanced, replaced, restructured or otherwise modified; 
 (d) such Indebtedness shall be
on substantially the same terms (including (i) with respect to amortization payments prior to the Maturity Date, interest payments and mandatory prepayments and (ii) provisions relating to restrictions and prohibitions on assignments or
sales of First Lien Term Loan Debt to any of Holdings, the Issuer, any Guarantor or Affiliate thereof) as the First Lien Term Loan Agreement or the Revolving Credit Facility (as applicable) being extended, renewed, refinanced, replaced, restructured
or otherwise modified; 
 (e) as compared to the loans made under the First Lien Term Loan Agreement or the Revolving
Credit Facility that are being extended, renewed, refinanced, replaced, restructured or otherwise modified, the terms thereof shall not represent an increase in (A) “applicable margin”, “applicable rate” or similar component
of the interest rate or the method of computing interest (whether in cash or in kind, and including, without limitation, any letter of credit fee payable to the lenders under the Revolving Credit Documents) or increase any “applicable
margin”, “applicable rate” or similar component of the interest rate or the method of computing interest (but excluding the accrual or payment of interest at the default rate of interest provided for under the Revolving Credit
Documents or the  

  
 38 

 
First Lien Term Loan Documents (as applicable) on the date hereof) or increase any LIBOR or base rate “floor” applicable to the Indebtedness under the Revolving Credit Documents or
the First Lien Term Loan Documents each case, by an amount in excess of 300 basis points for all such increases after the Fourth Amendment Closing Date (measured to include any increases after the Fourth Amendment Closing Date in the form or
original issue discount, upfront fees in lieu of interest or similar fees in lieu of interest and any other increases after the Fourth Amendment Closing Date that result in an increase in yield but specifically excluding (x) any
fees of any kind paid under the Revolving Credit Documents or the First Lien Term Loan Documents, in each case, on the Fourth Amendment Closing Date, and (y) reasonable and customary fees paid by the Issuer in connection with
amendments, waivers, increases in commitments or forbearance agreements entered into under the Revolving Credit Documents or the First Lien Term Loan Documents, in each case, after the date hereof), or (B) any prepayment premium or prepayment
fee; 
 (f) the terms thereof shall not result in the aggregate principal amount of Indebtedness exceeding the amount
otherwise permitted hereunder; 
 (g) the security agreements relating to such Indebtedness are (i) no more
onerous than the Pledge and Security Agreement entered into in connection with the First Lien Term Loan Agreement or the Revolving Credit Agreement, as applicable (with such differences as are reasonably satisfactory to
the Agent) or (ii) in form and substance substantially similar to those contained in this Agreement; 

(h) such Indebtedness shall not be guaranteed by any Person other than a Note Party unless such Person shall have
guaranteed the Obligations on substantially similar terms; and 
 (i) a representative acting on behalf of the
holders of such Indebtedness shall have become party to and be subject to the provisions of the Intercreditor Agreement. 

“Person” shall mean any individual, sole proprietorship, partnership, corporation, business trust, joint stock company,
trust, unincorporated organization, association, limited liability company, limited liability partnership, institution, public benefit corporation, joint venture, entity or Governmental Body (whether federal, state, county, city, municipal or
otherwise, including any instrumentality, division, agency, body or department thereof). 
 “PIMCO” shall mean Pacific
Investment Management Company LLC. 
 “PIMCO Purchasers” shall mean the Purchasers set forth on Schedule A hereto. 

“Plan” shall mean any employee benefit plan within the meaning of Section 3(3) of ERISA (includingi)
that is a Pension Benefit Plan andor a Multiemployer Plan), and that is maintained by any Note Party or to which any Note Party is required to contribute, and with
respect to any Pension Benefit Plan or Multiemployer Plan,or that is maintained by any member of the Controlled Group or to which any such member is required to contribute, or (ii) that is a welfare plan,
within the meaning of Section 3(1) of ERISA, which provides self-insured benefits and which is maintained by any Note Party or to which any Note Party is required to contribute. 

  
 39 

 “Pledged Equity” shall mean all Equity Interests held by any Note Party that are
listed on Schedule 1.3 (which such schedule shall be updated from time to time and attached to each Compliance Certificate delivered pursuant to Section 9.7 if, since the Closing Date or the date of the last notification (as applicable),
any Note Party has acquired any additional Equity Interests required to be pledged in favor of Agent for the ratable benefit of the Purchasers in accordance with this Agreement) and any other Equity Interests in the Issuer or any Subsidiaries
obtained in the future by such Note Party and the certificates representing all such Equity Interests; provided, that the Pledged Equity shall not include (A) Excluded Assets or (B) for the avoidance of doubt, greater than 65% of
the common voting Equity Interests directly owned by the Issuer or any Subsidiary Guarantor in any Subsidiary that is either (1) a CFC Holdco or (2) a Foreign Subsidiary. 

“Pledge Agreement” shall mean the Pledge Agreement in the form of Exhibit D hereto, executed by the Note Parties in favor of
Agent dated as of the Closing Date. 
 “Preferred Equity”, as applied to the Equity Interests of any Person,
shall mean Equity Interests of such Person (other than common Equity Interests of such Person) of any class or classes (however designed) that ranks prior, as to the payment of dividends or as to the distribution of
assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to shares of Equity Interests of any other class of such Person, and shall include any Qualified Preferred Stock. 

“Prepayment Premium” shall have the meaning set forth in Section 2.4(b) hereof. 

“Pro Forma Balance Sheet” shall have the meaning set forth in Section 5.5(a) hereof. 

“Pro Forma Financial Statements” shall have the meaning set forth in Section 5.5(b) hereof. 

“Pro Forma Testing Period” shall mean, as to any applicable incurrence of Indebtedness, re-purchase of Equity Interests
pursuant to Section 7.7(ii) hereof or making of any Permitted Acquisition, the most recently completed four-fiscal quarterfour-Fiscal Quarter period prior to the date of such incurrence, re-purchase or Permitted
Acquisition, as applicable, for which financial statements and a related Compliance Certificate have been delivered to Agent and the Purchasers under Sections 9.6 or 9.7 (as applicable). 

“Properly Contested” shall mean, in the case of any Indebtedness, Lien or other obligation (including any taxes), as
applicable, of any Person that is not paid as and when due or payable by reason of such Person’s bona fide dispute concerning its liability to pay same or concerning the amount thereof: (a) such Indebtedness, Lien or other obligation, as
applicable, is being properly contested in good faith by appropriate proceedings promptly instituted and diligently conducted; (b) such Person has established appropriate reserves as shall be required in conformity with GAAP; (c) the
nonpayment of any such Indebtedness during such contest is not 

  
 40 

 
reasonably likely to have a Material Adverse Effect, (d) no Lien is imposed upon any of such Person’s assets with respect to such Indebtedness unless such Lien is at all times junior
and subordinate in priority to the Liens in favor of Agent (except only with respect to inchoate liens that have priority as a matter of Applicable Law) and enforcement of such Lien is stayed during the period prior to the final resolution or
disposition of such dispute; (e) if such Indebtedness, Lien or other obligation, as applicable, results from, or is determined by the entry, rendition or issuance against a Person or any of its assets of a judgment, writ, order or decree,
enforcement of such judgment, writ, order or decree is stayed pending a timely appeal or other judicial review; and (f) if such contest is abandoned, settled or determined adversely (in whole or in part) to such Person, such Person forthwith
pays such Indebtedness or other obligation and all penalties, interest and other amounts due in connection therewith. 

“Projections” shall have the meaning set forth in Section 5.5(b) hereof. 

“Protective Advances” means advances which the First Lien Term Loan Agent, in its reasonable credit judgment, deems necessary
to preserve or protect the collateral securing the obligations of the Note Parties under the First Lien Term Loan Documents. 

“Purchaser” and “Purchasers” shall have the meaning ascribed to such term in the preamble to this Agreement
and shall include each Person which becomes a transferee, successor or assign of any Purchaser. 
 “QIB” shall have the
meaning set forth in Section 17.3 hereof. 
 “Qualified Earnout” shall mean any Earnout that constitutes Subordinated
Indebtedness that is incurred as part of a Permitted Acquisition. 
 “Qualified Equity Interests” shall mean any Equity
Interests that are not Disqualified Equity Interests. 
 “Qualified Preferred Stock” shall mean any Preferred Equity that is
not Disqualified Equity Interests. 
 “Qualified Subordinated Indebtedness” shall mean Subordinated Indebtedness
incurred pursuant to clause (c) of the definition of “Permitted Indebtedness”. 
 “RCRA” shall mean the
Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et seq., as same may be amended from time to time. 
 “Real
Property” shall mean all of each Note Party’s right, title and interest (whether an interest in fee simple, a leasehold interest or any other interest of any kind whatsoever) in and to the land, improvements and fixtures of and
on owned and leased premises identified on Schedule 4.5 hereto (which such schedule shall be updated from time to time and attached to each Compliance Certificate delivered pursuant to Section 9.7 if, since the Closing Date or the date of
the last notification (as applicable), any Note Party has acquired any additional Real Property) or in and to any other premises or real property that are hereafter owned or leased by any Note Party. 

  
 41 

 “Receivables” shall mean and include, as to each Note Party, all of such Note
Party’s accounts, contract rights, instruments (including those evidencing indebtedness owed to such Note Party by its Affiliates), documents, chattel paper (including electronic chattel paper), general intangibles relating to accounts, drafts
and acceptances, credit card receivables and all other forms of obligations owing to such Note Party arising out of or in connection with the sale or lease of Inventory or the rendition of services, all supporting obligations, guarantees and other
security therefor, whether secured or unsecured, now existing or hereafter created, and whether or not specifically sold or assigned to Agent hereunder. 

“Recovery Event” shall have the meaning set forth in Section 2.5 hereof. 

“Refinancing” means (x) all indebtedness of the Issuer and its subsidiaries under the subordinated loan made by KG
Fracing Acquisition Corp. to KGH shall have been paid in full, (y) indebtedness in the form of a term loan of Holdings and its Subsidiaries under the Revolving Credit, Term Loan and Security Agreement, dated as of July 8, 2011 (as amended,
supplemented or modified prior to the Closing Date, the “Existing Credit Agreement”) shall have been paid in full and (z) indebtedness in the form of a revolving facility of Holdings and its Subsidiaries shall have been upsized
under the Existing Credit Agreement, as amended and restated in the form of the Revolving Credit Agreement on the Closing Date, from commitments of $20,000,000 to $30,000,000, with any outstanding letters of credit or advances continued under the
Revolving Credit Agreement. 
 “Register” shall have the meaning set forth in Section 16.4 hereof. 

“Registered” shall mean, with respect to Intellectual Property, issued, registered, renewed or subject to a pending
application. 
 “Rejection Notice” shall have the meaning set forth in Section 2.5(f) hereof. 

“Related Fund” shall mean any fund, investment company, separately managed account or other entity which is managed or
advised by the same investment manager or investment adviser as any of the Purchasers, or, if managed by a different investment manager or investment adviser, a fund whose investment manager or adviser is an Affiliate of the investment manager or
adviser of any of the Purchasers. 
 “Release” shall mean the meaning set forth in CERCLA. 

“Remedial Action” shall mean any response, remedial removal, or corrective action activity to clean up, detoxify,
decontaminate, contain or otherwise remediate any Hazardous Substance or to comply with any Environmental Laws, including any inspection, investigation, study, monitoring, assessment, audit, sampling and testing, laboratory or other analysis, or
evaluation relating to any Release or threatened Release of Hazardous Substances as required by Environmental Laws or the Authority. For purposes of this Agreement, Remedial Action shall mean those actions required under Environmental Laws. 

  
 42 

 “Reportable Compliance Event” shall mean that any Covered Entity becomes a
Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has any knowledge of
facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law. 

“Reportable Event” shall mean a reportable event described in Section 4043 of ERISA or the regulations promulgated
thereunder. 
 “Representative Amount” means a principal amount of not less than $1,000,000 for a single transaction in the
relevant market at the relevant time. 
 “Required Aggregate Horsepower Amount” shall mean, as of any date, (a) 850,000
hydraulic horsepower if the aggregate horsepower of the Fracking Fleets that are currently deployed as of such date is less than 800,000 and (b) 940,000 hydraulic horsepower if the aggregate horsepower of the Fracking Fleets that
are currently deployed as of such date meets or exceeds 800,000. 
 “Required Purchasers” shall mean, as
of any date of determination, Purchasers holding more than 50% of the aggregate principal amount of the Notes then outstanding (excluding any Notes held by any Note Party or its Affiliates). 

“Responsible Officer” means the chief executive officer, president, or chief financial officer or other similar officer or
Person performing similar functions of a Note Party. Any document delivered hereunder that is signed by a Responsible Officer of a Note Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other
action on the part of such Note Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Note Party. 

“Restricted Cash” means cash and Cash Equivalents which are listed as “Restricted” on the
consolidated balance sheet of the Issuer and its Restricted Subsidiaries.  

“Restricted” shall mean, when referring to cash or Cash Equivalents of Holdings or any of its Restricted
Subsidiaries, that such cash or Cash Equivalents (i) appears (or would be required to appear) as “restricted” on a consolidated balance sheet of Holdings or of any such Restricted Subsidiary (unless
such appearance is related to the Note Documents, the Revolving Credit Documents or the First Lien Term Loan Documents, or Liens created thereunder), (ii) are subject to any Lien in favor of any Person other than
the Agent for the benefit of the Purchasers, the First Lien Term Loan Agent for the benefit of the secured parties under the First Lien Term Loan Documents or the Revolving Facility Agent for the benefit of the secured
parties under the Revolving Credit Documents or (iii) are not otherwise generally available for use by Holdings or such Restricted Subsidiary. 

“Restricted Subsidiary” shall mean any Subsidiary other than an Unrestricted Subsidiary. Unless otherwise specified, all
references herein to a “Restricted Subsidiary” or to “Restricted Subsidiaries” shall refer to a Restricted Subsidiary or Restricted Subsidiaries of the IssuerHoldings. 

  
 43 

 “Retained Declined Proceeds” shall have the meaning set forth in
Section 2.5(f) hereof. 
 “Retained Percentage” means, with respect to any Excess Cash Flow Period, (a) 100%
minus (b) the Applicable ECF Percentage with respect to such Excess Cash Flow Period. 

“Revolving Credit Facility” shall mean the revolving credit facility under the
Revolving Credit Agreement. 
 “Revolving Credit Agreement” shall mean that certain amended and restated credit
agreement, dated as of the Closing Date, as amended by the First Amendment thereto, dated as of December 22, 2014, the Second Amendment thereto, dated as of April 7, 2015, and the Third Amendment thereto, dated as of the Fourth
Amendment Closing Date, among the Issuer, Holdings, the guarantors party thereto and PNC Bank, National Association, as a lender and as agent, as the same may be further amended, restated, modified, substituted, replaced, refinanced or
supplemented from time to time, in each case to the extent permitted by this Agreement and the Intercreditor Agreement. 

“Revolving Credit Documents” means the Revolving Credit Agreement and all of the loan documents made or delivered from time
to time in connection with the Revolving Credit Facility, as any such documents may be amended, restated, modified, substituted, replaced, refinanced or supplemented from time to time, in each case to the extent permitted by this Agreement and the
Intercreditor Agreement. 
 “Revolving Credit Facility” shall mean the revolving credit facility under the Revolving Credit
Agreement. 
 “Revolving Credit Incremental Usage AmountFacility Amendment” shall mean,
at any time, the aggregate original principal amount of “Incremental Commitments” (as defined in the that certain Third Amendment to Amended and Restated Revolving Credit and
Security Agreement, dated as of March 15, 2016, among PNC Bank, National Association, as lender, the Revolving Facility Agent, Issuer, Holdings and the guarantors party to the Revolving Credit Agreement) incurred since
the Closing Date pursuant to Section 2.22 of the Revolving Credit Agreement (as in effect on the date hereof); provided, that the Revolving Incremental Usage Amount shall not
at any time exceed $30,000,000. 
 “Revolving Credit Priority Collateral” shall have the meaning specified in the
Intercreditor Agreement. 
 “Revolving Facility Agent” shall mean PNC Bank, National Association, in its capacity as agent for
the lenders under the Revolving Credit Agreement, together with any successors thereto. 
 “Sale-Leaseback Transaction”
shall mean, with respect to any Note Party or any Restricted Subsidiary, any arrangement, directly or indirectly, with any Person whereby such Note Party or such Restricted Subsidiary shall sell or transfer any Equipment, and thereafter rent or
lease such Equipment or other Equipment that it intends to use for substantially the same purpose or purposes as the Equipment being sold or transferred. 

  
 44 

 “Sanctioned Country” shall mean a country subject to a sanctions program
maintained under any Anti-Terrorism Law. 
 “Sanctioned Person” shall mean any individual person, group, regime, entity or
thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of property or
rejection of transactions), under any Anti-Terrorism Law. 
 “SEC” shall mean the Securities and Exchange Commission or any
successor thereto. 
 “Second Amendment” shall mean that certain Second Amendment to Note Purchase Agreement, dated as of
April 7, 2015, by and among the Issuer, Holdings, each of the other Note Parties party thereto, the Required Purchasers and the Agent. 

“Second Amendment Effective Date” shall mean the effective date of the Second Amendment. 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“Specified Assets” shall mean, collectively, the Trican Title Assets, Keane Electronic Title Assets, Keane PA Paper
Title Assets and Keane Other Paper Title Assets, as such terms are defined in the First Lien Term Loan Agreement as in effect on the date hereof. 

“Subject Transactions” means, collectively, (ai) the asset acquisition
described in the Asset Purchase Agreement, dated as of January 25, 2016 (as amended and in effect from time to time, but without giving effect to any modifications, amendments, waivers or consents that are
materially adverse to the Purchasers without the prior written consent of the Required Purchasers (such consent not to be unreasonably withheld or delayed), the “Trican
Acquisition Agreement”) by and among Keane Group Holdings, LLC, Keane Frac, LP, as buyer, Trican Well Service Ltd., a Canadian limited company (“Trican Parent”),
and Trican Well Service, L.P., a Delaware limited partnership and any other Subsidiary of Trican Parent that has any right, title and interest in the Purchased Assets (as defined in
consummation of the Trican Acquisition Agreement) and the other transactions related thereto, (b) the making by certain lenders under the First Lien Term Loan Agreement of a
term loan to the Borrower in an aggregate principal amount of $100,000,000, the obligations of which will be secured by a first priority lien on and security interest in, among other assets, the Notes Collateral, and which will be subject to the
applicable Intercreditor Agreement, and the transactions related thereto, (c) amendments and other modifications to the Revolving Credit Documents to, among other things, increase the Maximum Revolving Advance Amount and the Commitment Amount
(each as defined in the Revolving Credit Agreement) to $100,000,000, and the transactions related thereto, and (d)contemplated by the Trican Acquisition Documents, (ii) the cash capital contribution, by any Original Owner or any
of its Affiliates to Holdings, and by Holdings to the Issuer, in the form of new common equity in an amount not less than $200,000,000., (iii) the execution, delivery and performance by each Note Party of the Note Documents
to which it is a party, (iv) the execution, delivery and performance by the parties to the Revolving Credit Facility 

  
 45 

 
Agreement and the Revolving Credit Facility Amendment, (v) the execution, delivery and performance by the parties to the First Lien Term Loan Agreement of the First Lien Term Loan
Documents and (vi) the payment of all fees and expenses in connection with the foregoing. 
 “Subject Transaction Effective
Date” means the effective date of the Subject Transactions. 
 “Subordinated Indebtedness” means any Indebtedness
which has been expressly subordinated in right of payment and/or security to all Obligations expressly by its terms and the terms of the Subordination Agreement executed and delivered to Agent and the Purchasers in connection with such Indebtedness.

 “Subordinated Lender” shall mean, as to any Subordinated Indebtedness, and collectively (if applicable) all of the
lender(s) under and/or other holder(s) of such Subordinated Indebtedness. 
 “Subordinated Loan Documentation” shall mean,
as to any Subordinated Indebtedness, the applicable Subordination Agreement and any and all loan agreements between the Issuer or any Subsidiary Guarantor and the applicable Subordinated Lender and/or promissory note(s) issued by the Issuer
or any Subsidiary Guarantor to the applicable Subordinated Lender in connection with such Subordinated Indebtedness and all other instruments and documents executed in connection therewith. 

“Subordination Agreement” shall mean, as to any Subordinated Indebtedness, any subordination or intercreditor agreement, in
form and substance reasonably satisfactory to Agent and the Required Purchasers (including reasonably satisfactory provisions, if applicable, as required pursuant to the proviso of clause (c) of the defined term “Permitted
Indebtedness”in the case of any Qualified Subordinated Indebtedness that requires or permits payments (other than payments-in-kind in respect of interest) prior to 90 days after the Latest Maturity Date
on the date of incurrence or issuance thereof), executed by the applicable Subordinated Lender providing for, among other provisions, the subordination in right of payment or of security
(to the extent permitted under this Agreement) of the applicable Subordinated Indebtedness to all Obligations with or in favor of Agent for its benefit and for the ratable benefit of the Purchasers. 

“Subsidiary” of any Person shall mean a corporation or other entity (i) of whose Equity Interests having ordinary voting
power (other than Equity Interests having such power only by reason of the happening of a contingency) to elect a majority of the directors or other governing body are at the time, directly or indirectly, beneficially owned by such Person or
(ii) the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, by such Person, to the extent such entity’s financial results are required to be included in such Person’s consolidated
financial statements under GAAP. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Issuer. 

  
 46 

 “Subsidiary Guarantor” shall mean any Guarantor other than Holdings. 

“Swap Contract” shall mean (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward
rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Swap Termination Value” shall mean, in respect of any one or more Swap Contracts, after taking into account the effect of
any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s),
and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by
any recognized dealer in such Swap Contracts (which may include a Purchaser or any Affiliate of a Purchaser). 
 “Term
Commitment” means, as to each Purchaser, its obligation to purchase a Term Note from the Issuer pursuant to Section 2.1 in an aggregate amount not to exceed the amount set forth opposite such Purchaser’s name on Schedule
1.1 under the caption “Term Commitment” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Term Commitments on the Closing Date is $150,000,000. 

“Term Note” shall have the meaning set forth in the recitals to this Agreement. 

“Term Priority Collateral Account” shall have the meaning set forth in
Section 4.15(i)(ii) of this Agreement. 
 “Termination Event” shall mean: (a) a
Reportable Event with respect to any Plan (other than an event for which the 30-day notice period is waived); (b) the withdrawal of the Issuer, any Restricted Subsidiary or any member of the Controlled Group from a Pension Benefit
Plan during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA; (c) the providing of notice of intent to terminate a Plan in a

  
 47 

 
distress termination described in Section 4041(c) of ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (d) the institution by
the PBGC of proceedings to terminate a Plan; (e) (i) Pension Benefit Plan; (e) any event or condition which would reasonably be expected to constitute grounds
under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Benefit Plan under Section 4042 of ERISA, or (ii) ;(f) notice of an event
or condition that would reasonably be expected to result in the termination of, or the appointment of a trustee to administer, a Multiemployer Plan pursuant to Section 4041A or 4042 of ERISA,
or; (iiig) the partial or complete withdrawal within the meaning of Section 4203 or 4205 of ERISA, of the Issuer, any Restricted Subsidiary or any member of the Controlled Group from a Multiemployer
Plan,; (fh) notice that a Multiemployer Plan is subject to Section 4245 of ERISA; or (gi) the imposition of any liability under Title IV of ERISA, other
than for PBGC premiums due but not delinquent, upon the Issuer, any Restricted Subsidiary or any member of the Controlled Group. ; (j) the failure to make by its due date a required installment under Section 430(j) of the
Code with respect to any Pension Benefit Plan or the failure of the Issuer, any of its Restricted Subsidiaries or any member of the Controlled Group to make any required contribution to a Multiemployer Plan; (k) a
determination that any Pension Benefit Plan is, or is expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA), (l) a determination that any Multiemployer Plan is, or is
reasonably expected to be, in “critical” or “endangered” status under Section 432 of the Code or Section 305 of ERISA; (m) the assertion of a material claim (other than routine claims for benefits) against any Plan
(other than a Multiemployer Plan) or the assets thereof, or against the Issuer, any of its Restricted Subsidiaries or any member of the Controlled Group; or (n) the imposition of a lien on the assets of the Issuer, any of its
Restricted Subsidiaries or any member of the Controlled Group pursuant to Section 430(k) of the Code or pursuant to Section 303(k) of ERISA with respect to any Pension Benefit Plan. 

“Threshold Amount” means $7,500,000. 

“Third Amendment” shall mean that certain Third Amendment to Note Purchase Agreement, dated as of January 25, 2016, by
and among the Issuer, Holdings, each of the other Note Parties party thereto, the Required Purchasers and the Agent. 

“Total Assets” means the total assets of the Issuer and its Restricted Subsidiaries on a
consolidated basis in accordance with GAAP, as shown on the most recent balance sheet of the Issuer delivered pursuant to Sections 9.6 or 9.7 or, for the period prior to the time any such statements are so delivered pursuant to Sections 9.6 or 9.7,
the Pro Forma Financial Statements. 
 “Title Policy “ shall have the meaning set forth in
Section 4.22(f) hereof. 
 “Total Net Debt” means, as of any date of determination, (a) the aggregate
principal amount of Indebtedness of the IssuerHoldings and its Restricted Subsidiaries outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in
accordance with GAAP (including, for the avoidance of doubt, any Earnouts), minus (b) the aggregate amount of cash and Cash Equivalents (other than Restricted Cash), not to exceed
$20,000,000 (or for purposes of Section 2.7(d)(iii)(y), $5,000,000), in each 

  
 48 

 
case, included on the consolidated balance sheet of the Issuer and theHoldings and its Restricted Subsidiaries as of such date, contained in deposit or
securities accounts subject to control agreements in favor of the Agent and free and clear of all Liens (other than nonconsensual Liens, Liens in favor of the Agent for the benefit of the Note Parties and Liens in favor of the
agentFirst Lien Term Loan Agent for the benefit of the lenders under the Revolving Credit Facility or the First Lien Term Loan Agreement and the Revolving Facility Agent for the benefit of lenders under
the Revolving Credit Facility, all to the extent permitted by Section 7.2); provided, that Indebtedness in respect of Swap Contracts (if any) shall only be included for purposes of clause (a) above to the extent (and only in the
amount of any excess by which) the aggregate Swap Termination Value in respect of such Swap Contracts exceeds $5,000,000. 
 “Toxic
Substance” shall mean and include any material present on the Real Property or the Leasehold Interests which has been shown to have significant adverse effect on human health or which is subject to regulation under the Toxic Substances
Control Act (TSCA), 15 U.S.C. §§ 2601 et seq., applicable state law, or any other applicable Federal or state laws now in force or hereafter enacted relating to toxic substances. “Toxic Substance” includes but is not limited to
asbestos, polychlorinated biphenyls (PCBs) and lead-based paints. 
 “Trading with the Enemy Act” shall mean the foreign
assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any enabling legislation or executive order relating thereto. 

“Transactions” shall mean, collectively, (a) the issuance of the Term Notes and the execution and delivery of the Note
Documents to be entered into on the Closing Date, (b) the amendment and restatement of the Existing Credit Agreement in the form of the Revolving Credit Agreement and any other agreements, instruments and documents to be entered into under the
Revolving Credit Facility on the Closing Date, (c) the Refinancing, (d) the consummation of any other transactions in connection with the foregoing and (e) the payment of fees and expenses in connection with the foregoing. 

“Trican Acquisition” shall mean the acquisition by Keane Frac, LP and its Restricted Subsidiaries of the Purchased Assets
(as described in the Trican Asset Purchase Agreement) and the assumption by Keane Frac, LP and its Restricted Subsidiaries of the Assumed Liabilities (as defined in the Trican Asset Purchase Agreement), in each case in
accordance with the terms of the Trican Asset Purchase Agreement. 
 “Trican Acquisition Documents” shall mean the Trican
Asset Purchase Agreement and all other agreements and documents relating to the Trican Acquisition, as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof. 

“Ultra Tech Earnout PaymentsTrican Asset Purchase Agreement” shall mean, collectively,
the “Earn-Out Payments” payable pursuant to, and as such term is defined under, thethat certain Asset Purchase Agreement, dated as of
December 3January 25, 20132016, among KGH, Keane Frac TX, LLC and Ultra Tech Frac Services, LLC., LP, Trican Well and 

  
 49 

 
the Seller Companies named therein (as the same may be amended, amended and restated, supplemented, extended, renewed, replaced, restructured or otherwise modified from time to time in
accordance with the terms hereof and thereof). 
 “Trican Well” shall mean Trican Well Service
Ltd., an Alberta corporation. 
 “Unfunded Capital Expenditures” shall mean Capital Expenditures made with
Internally Generated Funds and, for the avoidance of doubt, not including Capital Expenditures funded through or by funds provided by any Customer or supplier for such purpose. 

“Unfunded Pension Liability” shall mean the amount, if any, by which the value of the accumulated plan benefits under the Pension
Benefit Plan, determined on a plan termination basis in accordance with actuarial assumptions at such time consistent with those prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds the fair market value of all
plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions). 
 “Uniform
Commercial Code” shall have the meaning set forth in Section 1.3 hereof. 
 “Unrestricted Subsidiary” means a
Subsidiary of the Issuer designated by the Board of Directors as an Unrestricted Subsidiary pursuant to Section 6.11 subsequent to the Closing Date, in each case, until such Person ceases to be an Unrestricted Subsidiary in accordance with
Section 6.11 or ceases to be a Subsidiary of the Issuer. No Subsidiary shall be designated an Unrestricted Subsidiary if either (a) it owns Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, the Issuer or
any of its Restricted Subsidiaries, or (b) it is a Restricted Subsidiary for purposes of the Revolving Credit Facility or (c)the First Lien Term Loan Agreement. In addition, (i) no Subsidiary
shall be designated as an Unrestricted Subsidiary for the purposes of this Agreement unless both the Revolving Credit Facility does notand the First Lien Term Loan Agreement include the substantially
similar provision to provide for Restricted Subsidiaries and Unrestricted Subsidiaries. 
 “USA PATRIOT Act” shall mean the
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

“Vehicles” shall mean all buses, cars, trucks, trailers, and Equipment and other vehicles covered by a certificate of title
law of any state and, in any event including, without limitation, the motor vehicles and Equipment listed on Schedule 4.14 (which such schedule shall be updated from time to time and attached to each Compliance Certificate delivered
pursuant to Section 9.7 if, since the Closing Date or the date of the last notification (as applicable), any Note Party has acquired any additional Vehicles) and all tires and other appurtenances to any of the foregoing. 

“Weighted Average Life to Maturity”meansshall mean, when applied to any Indebtedness or Preferred
Equity, as the case may be, at any date, the number of years quotient obtained by dividing: (ia) the sum of the products obtained by multiplying
(a) the amount of each then remaining scheduled installment, sinking fund, serial maturity or other 

  
 50 

 
required scheduled payments of principal, including payment at final scheduled maturity, in respect thereof, by (b) the number of years (calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (ii) the then outstanding principal amount of such Indebtedness; provided that the effects of any prior prepayments
(including the effect of such prior prepayments on future scheduled payments of principal) made on such Indebtedness shall be disregarded in making such calculation.of the number of years from the date of determination to
the date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Preferred Equity multiplied by the amount of such payment; by (b) the sum of all such
payments. 
 1.3. Uniform Commercial Code Terms. All terms used herein and defined in the Uniform Commercial Code as adopted in
the State of New York from time to time (the “Uniform Commercial Code”) shall have the meaning given therein unless otherwise defined herein. Without limiting the foregoing, the terms “accounts,” “chattel paper,”
“commercial tort claims,” “instruments,” “general intangibles,” “goods,” “payment intangibles,” “proceeds,” “supporting obligations,” “securities,” “investment
property,” “documents,” “deposit accounts,” “software,” “letter of credit rights,” “inventory,” “equipment” and “fixtures,” as and when used in the description of Collateral
shall have the meanings given to such terms in Articles 8 or 9 of the Uniform Commercial Code. To the extent the definition of any category or type of collateral is expanded by any amendment, modification or revision to the Uniform Commercial Code,
such expanded definition will apply automatically as of the date of such amendment, modification or revision. 
 1.4. Certain Matters of
Construction. The terms “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. All references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement. Any pronoun used shall be deemed to cover all genders. Wherever appropriate in the context, terms used
herein in the singular also include the plural and vice versa. All references to statutes and related regulations shall include any amendments of same and any successor statutes and regulations. Unless otherwise provided, all references to any
instruments or agreements to which Agent is a party, including references to any of the other Note Documents, shall include any and all modifications, supplements or amendments thereto, any and all restatements or replacements thereof and any and
all extensions or renewals thereof. All references herein to the time of day shall mean the time in New York, New York. Unless otherwise provided, all financial calculations shall be performed with Inventory valued on a first-in, first-out basis, or
on an average cost basis, as the Issuer may elect (provided such election may only be made once, within a reasonable period following the Closing Date, and once made, may not be modified without the Required Purchasers’ prior written consent,
which shall not be unreasonably withheld or delayed). Whenever the words “including” or “include” shall be used, such words shall be understood to mean “including, without limitation” or “include, without
limitation”. A Default or Event of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing
pursuant to this Agreement or, in the case of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has
been 

  
 51 

 
waived in writing by the Required Purchasers or all Purchasers, as applicable. Any Lien referred to in this Agreement or any of the other Note Documents as having been created in favor of Agent,
any agreement entered into by Agent pursuant to this Agreement or any of the other Note Documents, any payment made by or to or funds received by Agent pursuant to or as contemplated by this Agreement or any of the other Note Documents, or any act
taken or omitted to be taken by Agent, shall, unless otherwise expressly provided, be created, entered into, made or received, or taken or omitted, for the benefit or account of Agent and Purchasers. Wherever the phrase “to the Note
Parties’ knowledge,” “to the knowledge of a Responsible Officer” or similar phrases relating to the knowledge or the awareness of any Note Party (or one or more of its Responsible Officers) are used in this Agreement or the other
Note Documents, such phrase shall mean and refer to (i) the actual knowledge of a Responsible Officer of any Note Party or (ii) the knowledge that a Responsible Officer of any Note Party would have obtained if he had engaged in good faith
and diligent performance of his duties, including the making of such reasonably specific inquiries as may be necessary of the employees or agents of such Note Party and a good faith attempt to ascertain the existence or accuracy of the matter to
which such phrase relates. 
 II. Commitments and Notes. 

2.1. Sale and Purchase of the Term Notes; the Closing. 

(a) Subject to the terms and conditions set forth herein, each Purchaser, severally and not jointly, agrees to purchase Term Notes from the
Issuer on the Closing Date in an aggregate principal amount not to exceed such Purchaser’s Term Commitment, in the amounts and at the purchase price set forth on Schedule 1.1. Principal amounts of the Term Notes that are repaid or prepaid may
not be reborrowed. 
 (b) The purchase and sale of the Term Notes will occur at a closing (the “Closing”) to be held on
August 8, 2014 at 9:00 a.m. (New York time) at the offices of Ropes & Gray LLP, 1211 Avenue of the Americas, New York, New York 10036, or at such other date, time and/or location as may be agreed upon by the parties hereto, subject to
the terms and conditions hereof, including, without limitation, the substantially contemporaneous consummation of the Refinancing. At the Closing, the Issuer will deliver to the Purchasers the Term Notes (in such permitted domination or dominations
and registered in its name or the name of such nominee or nominees as the Purchasers may request) against payment of the purchase price therefor by intra-bank or federal funds wire transfer of same day funds to such bank accounts as the Issuer
designates at least one Business Day prior to the Closing. 
 (c) Following the purchase of the Term Notes, each Purchaser’s Term
Commitment shall be reduced to $0. 
 2.2. Delayed Draw Notes. 

(a) Subject to the terms and conditions set forth herein, each Purchaser, severally and not jointly, agrees to purchase Delayed Draw Notes
from the Issuer during the Delayed Draw Availability Period in an aggregate principal amount not to exceed such 

  
 52 

 
Purchaser’s Delayed Draw Commitment, in the amounts and at the purchase price set forth on Schedule 1.1 (or the ratable portion of such purchase price in respect of the amount of the Delayed
Draw Notes issued on any Delayed Draw Funding Date). Principal amounts of the Delayed Draw Notes that are repaid or prepaid may not be reborrowed. 

(b) The parties hereto acknowledge and agree that any Delayed Draw Notes purchased by the Purchasers shall have the same pricing and terms as
the Term Notes purchased on the Closing Date, and, once purchased, shall be deemed to be Notes for all purposes under this Agreement. Upon at least ten (10) Business Days’ prior written notice to the Purchasers and Agent, subject to the
satisfaction of each of the conditions precedent set forth in Section 8.2 (each, a “Delayed Draw Notice”), each Purchaser, severally and not jointly, agrees to purchase from the Issuer one or more Delayed Draw Notes during the
Delayed Draw Availability Period in an amount not to exceed such Purchaser’s Delayed Draw Commitment. Each issuance of Delayed Draw Notes shall be in an aggregate principal amount for all Delayed Draw Notes issued in such issuance of not less
than $20,000,000 and the aggregate amount of the Delayed Draw Notes purchased by all Purchasers during the Delayed Draw Availability Period shall not exceed $50,000,000. Each Delayed Draw Notice shall be irrevocable and shall specify (i) the
requested date of the issuance of such Delayed Draw Notes (which shall be a Business Day) (each a “Delayed Draw Funding Date”) and (ii) the principal amount of such Delayed Draw Notes to be issued and purchased. Following the
purchase of the Delayed Draw Notes, each Purchaser’s Delayed Draw Commitment shall be reduced by the amount purchased by such Purchaser. The Issuer may not issue more than two Delayed Draw Notices during the Delayed Draw Availability Period.

 (c) On the Delayed Draw Funding Date, the Issuer will deliver to the Purchasers the Delayed Draw Notes (in such permitted domination or
dominations and registered in its name or the name of such nominee or nominees as the Purchasers may request) against payment of the purchase price therefor by intra-bank or federal funds wire transfer of same day funds to such bank accounts as the
Issuer designates at least one Business Day prior to the Delayed Draw Funding Date. 
 (d) The Issuer may terminate all or any portion of
the Delayed Draw Commitments at any time, and from time to time, during the Delayed Draw Availability Period, in each case without premium or penalty, upon not less than one (1) Business Day’s prior written notice to Agent and the
Purchasers. 
 (e) In connection with any purchase and sale of Delayed Draw Notes on a Delayed Draw Funding Date, the primary purpose of
which is to finance a Permitted Acquisition, notwithstanding the conditions set forth in Section 8.3 and set forth in clause (f) of the defined term “Permitted Acquisition”, the Purchasers may agree in an amendment to the
Agreement signed solely by such Purchasers and the Issuer, to waive in full or in part the conditions set forth in clauses (a) and (b) (other than with respect to any Event of Default under Section 10.1 or Sections 10.7 or 10.8) of
Section 8.3 and the condition set forth in clause (f) of the defined term “Permitted Acquisition”. 
 2.3. Scheduled
Repayment of Notes. 

  
 53 

 (a) Term Notes. The Issuer shall repay to Agent for the ratable account of each Purchaser
holding Notes (1) on the last Business Day of each March, June, September and December, commencing with December 31, 2014, an aggregate principal amount equal to $937,500 (which amount shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.5 below and which amount shall be increased as set forth in clauses (b) and (c) below) and (2) on the Maturity Date the aggregate principal amount of all
Notes outstanding on such date. 
 (b) Delayed Draw Notes. For any issuance of Delayed Draw Notes, the amount of any quarterly
payment set forth in clause (a)(1) above shall be increased in an amount equal to 0.625% of the original aggregate principal amount of Delayed Draw Notes so issued, such increase in quarterly payment to be reflected for the first such quarterly
payment to occur after the last day of the calendar quarter in which such Delayed Draw Notes were issued. 
 (c) Incremental Notes.
For any issuance of Incremental Notes, the amount of any quarterly payment set forth in clause (a)(1) above shall be increased to the extent and as required pursuant to the terms of any applicable Incremental Amendment. 

2.4. Optional Prepayments; Prepayment Premium. 

(a) Subject to the terms of this Section 2.4, the Issuer may prepay the Notes on any Business Day in an aggregate minimum principal
amount of $5,000,000 and in integral multiples of $1,000,000 in excess of $5,000,000 or, in each case such lesser amount as is then outstanding, at any time upon five (5) Business Days’ prior written notice given to the Purchasers and the
Agent by 12:00 noon (New York City time). Any prepayment of the Notes pursuant to this Section 2.4(a) shall be accompanied by all accrued and unpaid interest on the principal amount so repaid, if any. Any such prepayment pursuant to this
Section 2.4(a) shall be applied to the remaining scheduled installments of principal on the Notes pursuant to Section 2.3 in a manner determined at the discretion of the Issuer and specified in the notice of prepayment (and absent such
direction, in direct order of maturity). 
 (b) If any Notes are optionally prepaid pursuant to Section 2.4(a), mandatorily prepaid
pursuant to Section 2.5 (other than pursuant to clauses (a), (b) and (c) thereof) or if a Non-Consenting Purchaser is required to sell its Notes to an assignee pursuant to Section 16.2, such prepayments (or sale) shall be made at
(each of the following percentages, the “Prepayment Premium”) (w) 103% of the aggregate principal amount of Notes prepaid if such prepayment occurs on or prior to the first anniversary of the Closing Date, (x) 102% of the
aggregate principal amount of the Notes prepaid if such prepayment occurs after the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date, (y) 101% of the aggregate principal amount of the Notes
prepaid if such prepayment occurs after the second anniversary of the Closing Date and on or prior to the third anniversary of the Closing Date and (z) thereafter, at 100% of the aggregate principal amount of the Notes prepaid; provided
however that such prepayment shall be made pursuant to clause (z) above if the Notes are prepaid (a) as a result of the consummation of a transaction that constitutes a Change of Control or (b) to the extent paid promptly out of
Retained Declined Proceeds (but in any event no later than ten (10) Business Days after the election by any non-declining Purchasers to decline their pro rata share of the Declined Proceeds pursuant to Section 2.5(f)). 

  
 54 

 2.5. Mandatory Prepayments. 

(a) Subject to Section 7.1(b) hereof, and the exceptions for reinvestments as set forth in paragraph (b) below and the Intercreditor
Agreement, when any Note Party either (i) sells or otherwise disposes of any Collateral (other than sales or other dispositions referred to in clauses (i), (ii), (iv), (vi), (vii), (viii) and (ix) of Section 7.1(b)) or
(ii) receives the proceeds of or payment in respect of any property or casualty insurance claims or any condemnation proceedings with respect to any Collateral (a “Recovery Event”) (for avoidance of doubt, Collateral includes,
in each such case, Real Property, unless such Real Property is an Excluded Asset) and receives net cash proceeds (i.e., gross cash proceeds less the reasonable costs of such sales or other dispositions or of collecting on or settling such insurance
claim or condemnation proceeding) as the result of such sales, dispositions or Recovery Events in excess of an aggregate amount of $1,000,000 in any fiscal yearFiscal Year, the Issuer shall repay the Notes in an amount equal
to such excess, such repayments to be made promptly but in no event more than five (5) Business Days following receipt of such net cash proceeds, and until the date of payment, such proceeds shall be held in trust for Agent. The foregoing shall
not be deemed to be implied consent to any such sale or disposition otherwise prohibited by the terms and conditions hereof. 
 (b)
Notwithstanding the provisions of the foregoing Section 2.5(a), in any case involving any sale, disposition or Recovery Event with respect to any Collateral other than Inventory, Receivables or ABL Equipment, so long as no Event of Default has
occurred and is continuing on the date such Note Party receives the net cash proceeds of such sale or disposition or Recovery Event, the net cash proceeds of such sale, disposition or Recovery Event shall not be required to be applied as a
prepayment of the Obligations as otherwise provided in Section 2.5(a), to the extent that (x) promptly but in no event more than one (1) Business Day following receipt of such net cash proceeds, the Issuer shall (I) deliver to
Agent and the Purchasers a certificate of the Chief Financial Officer or Controller of the Issuer (A) stating that no Event of Default has occurred and is continuing, (B) stating the amount of the net cash proceeds of such sale,
disposition or Recovery Event eligible for reinvestment under this Section 2.5(b), (C) stating that the Note Parties wish to use such eligible net cash proceeds of such sale, disposition or Recovery Event for reinvestment as permitted
under this Section 2.5(b) and (D) stating that the Note Parties shall use such eligible net cash proceeds for reinvestment within (i) 120 days or (ii) in the case of Real Property, 180 days (or such longer period as the Required
Purchasers may agree in their sole discretion) (as designated in such certificate of the Chief Financial Officer or Controller of the Issuer, the “Applicable Reinvestment Period”) and (II) deposit all such net cash proceeds
designated for reinvestment with Agent to be held in a segregated non-interest bearing trust account under the sole dominion and control of Agent (the “Reinvestment Account”) and (y) the Note Parties shall, within the
Applicable Reinvestment Period, reinvest an amount equal to such net cash proceeds designated for reinvestment in assets of equal or greater fair market value, or otherwise replace, repair or restore any such properties or assets to be used in any
Note Party’s business (and Agent shall disburse funds from the Reinvestment Account to reimburse the Note Parties for the costs and expenses of such reinvestment, replacement, repair or 

  
 55 

 
restoration upon submission by such Note Parties to Agent of supporting documentation reasonably acceptable to Agent), but further provided that, to the extent that the Note Parties shall
not so reinvest net cash proceeds designated for reinvestment within the Applicable Reinvestment Period, then ten (10) Business Days after the expiration of such Applicable Reinvestment Period, Agent shall apply any net cash proceeds designated
for reinvestment remaining in the Reinvestment Account to the prepayment of the Obligations as otherwise provided for in Section 2.5(a). 

(c) Issuer shall cause to be prepaid an aggregate principal amount of the Notes following the end of each fiscal
yearFiscal Year, beginning with the fiscal yearFiscal Year ending on or about December 31, 2015, in an amount equal to (A) the Applicable ECF Percentage of Excess Cash Flow, if any, for the Excess
Cash Flow Period then ended minus (B) all optional prepayments of the Notes made pursuant to Section 2.4(a) during such Excess Cash Flow Period (without regard to any payment made on such Notes above par) to the extent such optional
prepayments were funded with Internally Generated CashFunds. Each such prepayment shall be made within five (5) Business Days following delivery of the financial statements to Agent and the Purchasers referred to in and
required by Section 9.6 for such fiscal year. Fiscal Year. The Issuer shall cause to be prepaid an aggregate principal amount of the Notes following the end of each fiscal year,
beginning with the fiscal year ending on or about December 31, 2016, in an amount equal to the portion of Excess Cash Flow for the Excess Cash Flow Period then ended that is required to paid to the lenders under the First
Lien Term Loan in accordance with the First Lien Term Loan Agreement and that is rejected by such lenders in accordance with the First Lien Term Loan Agreement. 

(d) If a Note Party or any Restricted Subsidiary incurs or issues any Indebtedness after the Closing Date not permitted to be incurred or
issued pursuant to Section 7.8, the Issuer shall cause to be prepaid an aggregate principal amount of Notes in an amount equal to 100% of all net cash proceeds received therefrom on or prior to the date which is five (5) Business Days
after the receipt by the relevant Person of such net cash proceeds. 
 (e) All prepayments made pursuant to this Section 2.5 shall be
applied to the remaining scheduled installment of principal on the Notes pursuant to Section 2.3 in direct order of maturity. 
 (f)
Each Purchaser may reject all or a portion of its pro rata share of any mandatory prepayment to be made pursuant to clauses (a) and (c) above (such declined amounts, the “Declined Proceeds”) by providing written notice
(each, a “Rejection Notice”) to Agent and the Issuer no later than 5:00 p.m. two (2) Business Days after the date of such Purchaser’s receipt of notice from the Issuer regarding such prepayment. Each Rejection Notice from
a given Purchaser shall specify the principal amount of the mandatory prepayment of Notes to be rejected by such Purchaser. If a Purchaser fails to deliver a Rejection Notice to Agent and the Issuer within the time frame specified above or such
Rejection Notice fails to specify the principal amount of the Notes to be rejected, any such failure will be deemed an acceptance of the total amount of such mandatory repayment of Note. Any Declined Proceeds shall be offered by the Issuer to the
Purchasers not so declining such prepayment on a pro rata basis in accordance with the amount of the Notes held by such Purchaser (with such non-declining 

  
 56 

 
Purchasers having the right to decline any prepayment with Declined Proceeds within five (5) Business Days of such offer by the Issuer). To the extent such non-declining Purchasers elect to
decline their pro rata share of such Declined Proceeds, any Declined Proceeds remaining thereafter shall be retained by the Issuer (such remaining Declined Proceeds, the “Retained Declined Proceeds”). 

(g) Notwithstanding anything in this Section 2.5 to the contrary, to the extent that any proceeds or other amounts are subject to any
mandatory prepayment provision of the Revolving Credit Agreement (solely with respect to proceeds or other amounts arising from Revolving Credit Priority Collateral) or the First Lien Term Loan Agreement, the Issuer shall not be
required to make any payment of the Notes under this Section 2.5 with respect to such proceeds or other amounts so long as the Issuer complies with any such mandatory prepayment provision, as applicable.  

2.6. Use of Proceeds. 

(a) The proceeds of the Term Notes will be used, together with the proceeds of loans under the Revolving Credit Facility, to
(i) consummate the Refinancing on the Closing Date, (ii) finance certain Permitted Investments, Permitted Acquisitions and Capital Expenditures, (iii) pay costs, fees and expenses relating to the Transactions and (iv) fund
working capital. 
 (b) The proceeds of the Delayed Draw Notes will be used to (i) finance certain Permitted Investments, Permitted
Acquisitions and Capital Expenditures, (ii) pay costs, fees and expenses relating thereto and relating to the issuance of the Delayed Draw Notes and (iii) fund working capital. 

(c) Without limiting the generality of Sections 2.6(a) and (b) above, neither the Note Parties nor any other Person which may in the
future become party to this Agreement or the other Note Documents as a Note Party, intends to use nor shall they use any portion of the proceeds of the Notes, directly or indirectly, for any purpose in violation of the Trading with the Enemy Act.

 2.7. Incremental Notes. 

(a) The Issuer may at any time or from time to time after the earlier of (x) the first anniversary of the Closing Date and (y) the
issuance of Delayed Draw Notes in an aggregate principal amount equal to the Delayed Draw Commitment as in effect on the Closing Date, by notice to the Agent and the Purchasers (an “Incremental Request”), request one or more new
commitments which may be of the same Class as any outstanding Notes (a “Note Increase”) or a new Class of Notes (collectively with any Note Increase, the “Incremental Commitments”). 

(b) On the applicable date (each, an “Incremental Note Closing Date”) specified in any Incremental Amendment (including
through any Note Increase), subject to the satisfaction of the terms and conditions in this Section 2.7, (i) (A) each Incremental Purchaser of such Class shall purchase a Note from the Issuer (an “Incremental Note”)
in an amount equal to 

  
 57 

 
its Incremental Commitment of such Class by wire transfer of immediately available funds as directed by the Issuer, (B) the Issuer will deliver to such Incremental Purchaser an Incremental
Note issued in the name of such Incremental Purchaser and (C) each Incremental Purchaser of such Class shall become a Purchaser hereunder with respect to the Incremental Commitment of such Class and the Incremental Notes of such Class made
pursuant thereto. 
 (c) Each Incremental Request from the Issuer pursuant to this Section 2.7 shall set forth the requested amount and
proposed terms of the relevant Incremental Notes. Incremental Notes may be purchased by any existing Purchaser (but no existing Purchaser will have an obligation to make any Incremental Commitment) or by any Additional Purchaser (each such existing
Purchaser or Additional Purchaser providing such Commitment, an “Incremental Purchaser”); provided, that each Purchaser holding Notes at the time of any such Incremental Request (or any of its Affiliates or Related Funds)
shall be provided the right of first refusal to participate on a pro rata basis with all other Purchasers holdings Notes in any such Incremental Commitment (which right may be exercised by provision of written notice from any electing Purchaser (or
its applicable Affiliate or Related Fund) to the Issuer with the amount of the Incremental Commitment to be provided (not exceeding such Purchaser’s pro rata share) no later than ten (10) Business Days after receipt of the applicable
Incremental Request); provided, further, that (i) the Agent shall have acknowledged any Additional Purchaser’s providing such Incremental Commitment to the extent such acknowledgment, if any, would be required under
Section 16.3(c) for a sale, assignment or transfer of Notes or Commitments, as applicable, to such Additional Purchaser (ii) with respect to Incremental Commitments, any Affiliated Purchaser providing an Incremental Commitment shall be
subject to the same restrictions set forth in Section 16.3(d) as they would otherwise be subject to with respect to any sale, assignment or transfer to such Affiliated Purchaser of Notes or Commitments and (iii) neither KGH, Holdings, the
Issuer or any of their Subsidiaries may provide Incremental Commitments or purchase Incremental Notes under this Section 2.7. 
 (d)
The effectiveness of any Incremental Amendment, and the Incremental Commitments thereunder, shall be subject to the satisfaction on the applicable date (which shall be no earlier than the date of such Incremental Amendment) specified therein (the
“Incremental Amendment Date”) of each of the following conditions (such satisfaction to be evidenced by a certificate of the Chief Financial Officer or Controller of the Issuer delivered by the Issuer representing to the same),
together with any other conditions set forth in the Incremental Amendment: 
 (i) after giving effect to such Incremental Commitments, the
conditions of Section 8.3 shall be satisfied; provided, that, in connection with any Incremental Commitment, the primary purpose of which is to finance a Permitted Acquisition, such Incremental Amendment if agreed by the
Incremental Purchasers may include a waiver in full or in part of the conditions set forth in clauses (a) and (b) (other than with respect to any Event of Default under Section 10.1 or Sections 10.7 or 10.8) of Section 8.3 and in
clause (f) of the defined term “Permitted Acquisition”; 
 (ii) each Incremental Commitment shall be in an aggregate
principal amount that is not less than $20,000,000 and shall be in an increment of $1,000,000 (provided, that such amount may be less than $20,000,000 if such amount represents all remaining availability under the limit set forth in
Section 2.7(d)(iv)); 

  
 58 

 (iii) (x) the Issuer shall be in pro forma compliance with the minimum Fixed Charge Coverage
Ratio covenant (whether or not in effect) set forth in Section 6.5 hereof measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that Indebtedness under the Incremental Notes had been
incurred on the first day of such Pro Forma Testing Period and that all regularly scheduled interest and principal payments with respect to such Indebtedness had been paid during such Pro Forma Testing Period, and (y) the Issuer shall have a
pro forma Leverage Ratio of not greater than 3.50 to 1.00, measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such Indebtedness under the Incremental Notes had been incurred on the
first day of such Pro Forma Testing Period and that all regularly scheduled interest and principal payments with respect to such Indebtedness had been paid during such Pro Forma Testing Period; 

(iv) receipt by Agent and the Purchasers of projections showing the projected calculation of the Fixed Charge Coverage Ratio for each
four-quarter fiscal period of the Issuer completed over the twelve month period immediately following the Incremental Note Closing Date, such calculation giving pro forma effect to the incurrence of the Incremental Notes on such Incremental Note
Closing Date; 
 (v) together with the Incremental Notes issued under such Incremental Amendment, the aggregate principal amount of
Incremental Notes issued since the Closing Date does not exceed $40,000,000 minus the Revolving Credit Incremental Usage Amount; and 

(vi) to the extent reasonably requested by the Agent or Required Purchasers, receipt by the Agent and the Purchasers of (A) customary
legal opinions, board resolutions and officers’ certificates consistent with those delivered on the Closing Date (conformed as appropriate) other than changes to such legal opinions resulting from a change in law, change in fact or change to
counsel’s form of opinion reasonably satisfactory to the Agent and the Required Purchasers and (B) reaffirmation agreements and/or such amendments to the Note Documents as may be reasonably requested by the Agent or the Required Purchasers
in order to ensure that such Incremental Purchasers are provided with the benefit of the applicable Note Documents. 
 (e) The terms,
provisions and documentation of the Incremental Notes of any Class shall be as agreed between the Issuer and the applicable Incremental Purchasers providing such Incremental Commitments and, except as set forth in clause (f) below, sub-clauses
(e)(i) through (e)(vi) below, and as otherwise set forth herein, to the extent not identical to any Class of Notes existing on the Incremental Note Closing Date, the terms and conditions of the Incremental Notes that are effective prior to the then
Latest Maturity Date of the Notes shall not be more restrictive, taken as a whole, than those applicable to the Notes existing on the Incremental Note Closing Date, unless (x) this Agreement is amended (solely with the consent of the Issuer and
with no consent required by any Purchaser, the Agent or any other Note Party) to conform to such more restrictive terms and conditions for the benefit of all such existing Notes 

  
 59 

 
or (y) such more restrictive terms and conditions are satisfactory to the Required Purchasers; provided that, notwithstanding the foregoing, in the case of a Note Increase, the terms,
provisions and documentation of such Note Increase shall be identical (other than with respect to upfront fees, OID or similar fees) to the applicable Class of Notes being increased, in each case, as existing on the Incremental Note Closing Date. In
any event the Incremental Notes: 
 (i) shall rank pari passu in right of payment and security with the existing Notes, 

(ii) as of the Incremental Amendment Date, shall not have a final scheduled maturity date earlier than the then Latest Maturity Date, 

(iii) as of the Incremental Amendment Date, shall have a Weighted Average Life to Maturity not shorter than the remaining Weighted Average
Life to Maturity of the existing Notes, 
 (iv) shall have an interest rate, and subject to clauses (e)(ii) and (e)(iii) above,
amortization determined by the Issuer and the applicable Incremental Purchasers; provided, that the interest rate and amortization for a Note Increase shall be the interest rate and amortization for the Class being increased, 

(v) shall have fees determined by the Issuer and the applicable Incremental Purchasers, and 

(vi) shall participate on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any voluntary or
mandatory prepayments of the Notes hereunder. 
 (f) the All-In Yield applicable to the Incremental Notes of each Class shall be determined
by the Issuer and the applicable Incremental Purchasers and shall be set forth in each applicable Incremental Amendment; provided, however, that the All-In Yield applicable to such Incremental Notes shall not be greater than the
applicable All-In Yield payable pursuant to the terms of this Agreement as amended through the date of such calculation with respect to any existing Class of Notes plus 50 basis points per annum unless the interest rate (together with, as provided
in the proviso below, the EurocurrencyEurodollar Rate floor) with respect to such existing Notes is increased so as to cause the then applicable All-In Yield under this Agreement on such existing Notes to equal the All-In
Yield then applicable to the Incremental Notes minus 50 basis points; provided, further, that any increase in All-In Yield to any existing Notes due to the application or imposition of a EurocurrencyEurodollar
Rate floor on any Incremental Notes shall be effected solely through an increase in (or implementation of, as applicable) any EurocurrencyEurodollar Rate floor applicable to such existing Notes. 

(g) Commitments in respect of Incremental Notes shall become additional Commitments pursuant to an amendment (an “Incremental
Amendment”) to this Agreement and, as appropriate, the other Note Documents, executed by the Issuer, each Incremental Purchaser providing such Commitments, and the Agent (at the written direction of the Required

  
 60 

 
Purchasers). The Incremental Amendment may effect such amendments to this Agreement and the other Note Documents as may be necessary or appropriate, in the reasonable opinion of the Required
Purchasers and the Issuer, to effect the provisions of this Section 2.7. The Issuer will use the proceeds of the sale of any Incremental Notes for any purpose not prohibited by this Agreement. 

2.8. Defaulting Purchasers. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Purchaser becomes a Defaulting Purchaser,
then, until such time as that Purchaser is no longer a Defaulting Purchaser, to the extent permitted by Applicable Law: 
 (i) Waivers
and Amendments. That Defaulting Purchaser’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 16.2. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by Agent for the account of that
Defaulting Purchaser (whether voluntary or mandatory, at maturity, pursuant to Article X or otherwise), shall be applied at such time or times as follows: first, to the payment of any amounts owing by that Defaulting Purchaser to Agent
hereunder; second, as the Issuer may request in writing (so long as no Default or Event of Default has occurred and is continuing), to the purchase of any Note in respect of which that Defaulting Purchaser has failed to purchase as required
by this Agreement; third, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Purchaser to purchase Notes under this Agreement, as certified to the Agent in writing by the
Issuer; fourth, so long as no Default or Event of Default has occurred and is continuing, to the payment of any amounts owing to the Issuer as a result of any judgment of a court of competent jurisdiction obtained by the Issuer against that
Defaulting Purchaser as a result of that Defaulting Purchaser’s breach of its obligations under this Agreement, as certified to the Agent in writing by the Issuer; and fifth, to that Defaulting Purchaser or as otherwise directed by a
court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Notes not fully purchased by such Defaulting Purchaser and (y) such Notes were issued at a time when the conditions set
forth in Section 8.2 or 8.3, as applicable, were satisfied or waived, such payment shall be applied solely to pay the Notes owed to all non-Defaulting Purchasers on a pro rata basis prior to being applied to the payment of any Notes of such
Defaulting Purchaser, as certified to the Agent in writing by the Issuer. Any payments, prepayments or other amounts paid or payable to a Defaulting Purchaser that are applied (or held) to pay amounts owed by a Defaulting Purchaser shall be deemed
paid to and redirected by that Defaulting Purchaser, and each Purchaser irrevocably consents hereto. 
 (iii) Certain Fees. That
Defaulting Purchaser shall not be entitled to receive any fee pursuant to Sections 3.2(d) for any period during which that Purchaser is a Defaulting Purchaser (and the Issuer shall not be required to pay any such fee that otherwise would have
been required to have been paid to that Defaulting Purchaser). 

  
 61 

 (b) Defaulting Purchaser Cure. If the Required Purchasers determine that a Defaulting
Purchaser should no longer be deemed to be a Defaulting Purchaser, the Required Purchasers will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Purchaser
will, to the extent applicable, purchase that portion of outstanding Notes of the other Purchasers or take such other actions as may be necessary to cause the applicable Notes (whether the initial Term Notes, any Delayed Draw Notes or any Class of
Incremental Notes) to be held on a pro rata basis by the Purchasers in accordance with their pro rata share, whereupon that Purchaser will cease to be a Defaulting Purchaser; provided that no adjustments will be made retroactively with
respect to fees accrued or payments made by or on behalf of the Issuer while that Purchaser was a Defaulting Purchaser; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change
hereunder from Defaulting Purchaser to Purchaser will constitute a waiver or release of any claim of any party hereunder arising from that Purchaser’s having been a Defaulting Purchaser. 

III. INTEREST; FEES; PAYMENTS GENERALLY; TAXES. 

3.1. Interest. 
 (a)
Interest shall be payable on the outstanding principal amount of the Notes at a rate per annum (the “Contract Rate”) equal to (i) prior to the Subject Transaction Effective Date, (x) with respect to the Term Notes and the
Delayed Draw Notes, the Eurodollar Rate plus the Applicable Rate and (y) with respect to any Incremental Notes, the rate per annum specified in the applicable Incremental Amendment, in each case payable quarterly in cash and (ii) on and
after the Subject Transaction Effective Date, (x) with respect to the Term Notes and the Delayed Draw Notes, 12.0% and (y) with respect to any Incremental Notes, the rate per annum specified in the applicable Incremental Amendment, in each
case payable quarterly in cash. 
 (b) Interest on the Notes shall accrue daily and shall be payable on (A) each Interest Payment Date
(commencing on September 30, 2014) in arrears; (B) the date of any prepayment in accordance with Section 2.4 or Section 2.5 (but only with respect to the principal amount of the Notes then prepaid) and (C) on the maturity of
the applicable Notes, whether by acceleration or otherwise. 
 (c) Upon and after the occurrence of an Event of Default relating to or
specified in Section 10.1 or Section 10.7, and during the continuation thereof, the Issuer shall pay, in cash on demand from time to time, interest at a rate per annum equal to two percent (2.0%) above the Contract Rate (as
applicable, the “Default Rate”) on (1) the overdue outstanding principal amount of the Notes and (2) any overdue interest thereon, and any other overdue fees and expenses reimbursable hereunder and other overdue
Obligations under the Note Documents. For the avoidance of doubt, such Default Rate shall accrue after the filing of any petition under any Debtor Relief Law or the commencement of any proceeding or action under any Debtor Relief Law, whether or not
a claim for post-filing or post-petition interest is allowed in any such proceeding or action. 

  
 62 

 3.2. Fees. 

(a) On the Closing Date, the Issuer will pay to each Purchaser, for such Purchaser’s (or its designee’s) own account, a fully earned,
non-refundable fee equal to 2.0% of the Term Notes purchased by such Purchaser on the Closing Date, which fee shall be paid in cash on the Closing Date by the Issuer. 

(b) On the Closing Date, the Issuer will pay to each Purchaser, for such Purchaser’s (or its designee’s) own account, a fully
earned, non-refundable fee equal to 2.0% of the aggregated Delayed Draw Commitments held by such Purchaser on the Closing Date, which fee shall be paid in cash on the Closing Date by the Issuer. 

(c) The Issuer shall pay to Agent, for Agent’s own account, such fees as the Issuer and Agent may mutually agree upon from time to time
for Agent’s services hereunder, including such fees as the Issuer and Agent may agree upon in the Agent Fee Letter. 
 (d) The Issuer
agrees to pay to each Purchaser, for such Purchaser’s (or its designee’s) own account, a fully earned, non-refundable fee equal to 2.0% per annum times the average daily unused amount of the aggregate Delayed Draw Commitment of such
Purchaser. The fee set forth in this clause (d) shall accrue at all times from the Closing Date until the one year anniversary of the Closing Date and shall be due and payable in cash quarterly in arrears on the last Business Day of each of
March, June, September and December and on the one year anniversary of the Closing Date. 
 3.3. [RESERVED]. 

3.4. Computation of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the
actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the
applicable Contract Rate during such extension. 
 3.5. Maximum Charges. In no event whatsoever shall interest and other charges
charged hereunder exceed the highest rate permissible under law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under law, such excess amount shall be first applied ratably to any
unpaid principal balance of the Notes owed by the Issuer, and if the then remaining excess amount is greater than the previously unpaid principal balance, Purchasers shall promptly refund such excess amount to the Issuer and the provisions hereof
shall be deemed amended to provide for such permissible rate. 
 3.6. [RESERVED]. 

3.7. [RESERVED]. 

  
 63 

 3.8. Payments Generally. 

(a) Except as provided in Section 3.9 and Section 3.10, all payments of principal of or interest on the Notes, and of all fees, shall
be made by the Issuer to Agent for the ratable benefit of the Purchasers, without setoff, recoupment or counterclaim and in immediately available funds not later than 1:00 P.M., New York time on the date due, and funds received after that hour shall
be deemed to have been received by Agent on the following Business Day. Each repayment and prepayment of the Notes pursuant to Article II and all other payments of principal and interest shall be made on a pro rata basis, calculated by the Issuer,
who shall provide written notice of such calculations to Agent, with respect to any Purchaser, as a percentage (carried out to the ninth decimal place) determined by dividing the aggregate amount of outstanding Notes held by such Purchaser by the
aggregate amount of all outstanding Notes of all Purchasers; provided, that, in connection with any Incremental Notes with a rate of interest per annum different than the rate of interest per annum of other Notes, such pro rata
calculation may be modified in the applicable Incremental Amendment under which such Incremental Notes were issued. Agent shall distribute any such payments received by it for the account of any Purchaser to such Purchaser (or its designee) promptly
following receipt thereof. 
 (b) If any payment to be made to Agent for the benefit of a Purchaser shall come due on a day other than a
Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

3.9. Gross Up for Taxes. If any Note Party shall be required by Applicable Law to withhold or deduct any taxes from or in respect of
any sum payable under this Agreement or any of the other Note Documents to Agent, or any Purchaser, assignee of any Purchaser, or Participant (each, individually, a “Payee” and collectively, the “Payees”),
(a) the sum payable to such Payee or Payees, as the case may be, shall be increased as may be necessary so that, after making all required withholding or deductions, the applicable Payee or Payees receives an amount equal to the sum it would
have received had no such withholding or deductions been made (the “Gross-Up Payment”), (b) such Note Party shall make such withholding or deductions, and (c) such Note Party shall pay the full amount withheld or deducted
to the relevant taxation authority or other authority in accordance with Applicable Law. Notwithstanding the foregoing, no Note Party shall be obligated to make any portion of the Gross-Up Payment to the extent that (i) such taxes are U.S.
Federal taxes and the obligation to withhold or deduct such taxes existed on the date such Payee became a party to this Agreement or received its interest hereunder or, with respect to payments to a new office for booking the Notes hereunder of such
Payee, the date such Payee designated such new office with respect to the Notes hereunder; provided, however, that this clause (i) shall not apply to the extent the Gross-Up Payment any Payee, or any Payee acting through a new
office, would be entitled to receive (without regard to this clause (i)) does not exceed the Gross-Up Payment that the person making the transfer or selling the participation, or the Payee making the designation of such new office, would have been
entitled to receive in the absence of such transfer, participation or designation, (ii) to the extent that the obligation to pay such Gross-Up Payment would not have arisen but for a failure of such Payee to comply with Section 3.10
hereof, (iii) that is attributable to taxes imposed under FATCA (or any amendment thereto or successor version thereof that is 

  
 64 

 
substantively comparable to FATCA and with respect to which compliance is not materially more onerous), or (iv) that are taxes imposed on or measured by net income (however denominated),
franchise taxes, or branch profits taxes imposed as a result of such Payee being organized under the laws of, or having its principal office or lending office located in the jurisdiction imposing such tax or as a result of any present or former
connection between such Payee and the jurisdiction imposing such tax (other than a connection arising from such Payee having executed, delivered, become a party to, performed its obligations under, received payments under, perfected a security
interest under or enforced any Note Document, or sold or assigned an interest in any Note Document). 
 3.10. Withholding Tax
Exemption. 
 (a) (i) Each Payee agrees that it will deliver to Issuer two (2) duly completed appropriate valid Withholding
Certificates (as defined under §1.1441-1(c)(16) of the Income Tax Regulations (“Regulations”)) certifying its status (i.e., U.S. or foreign person) and, if appropriate, making a claim of reduced, or exemption from, U.S. withholding
tax on the basis of an income tax treaty or an exemption provided by the Code. The term “Withholding Certificate” means a Form W-9; a Form W-8BEN; a Form W-8BEN-E; a Form W-8ECI; a Form W-8IMY and the related statements and certifications
as required under §1.1441-1(e)(2) and/or (3) of the Regulations; a statement described in §1.871-14(c)(2)(v) of the Regulations; or any other certificates under the Code or Regulations that certify or establish the status of a payee
or beneficial owner as a U.S. or foreign person. 
 (b) If a payment made to a Payee under this Agreement would be subject to U.S. Federal
withholding tax imposed by FATCA if such Payee were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Payee shall deliver to the
Issuer at the time or times prescribed by law and at such time or times reasonably requested by the Issuer, such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional
documentation reasonably requested by the Issuer as may be necessary for the Issuer to comply with its obligations under FATCA, to determine that such Payee has or has not complied with its obligations under FATCA and, as necessary, to determine the
amount to deduct and withhold from such payment. Solely for purposes of this Section 3.10(b), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(c) Each Payee required to deliver to Issuer a valid Withholding Certificate pursuant to Section 3.10(a)(i) hereof shall deliver such
valid Withholding Certificate as follows: (i) each Payee which is a party hereto on the Closing Date shall deliver such valid Withholding Certificate at least five (5) Business Days prior to the first date on which any interest or fees are
payable by any Note Party hereunder for the account of such Payee; (ii) each Payee who becomes a party to this Agreement by way of an assignment or participation shall deliver such valid Withholding Certificate at least five (5) Business
Days before the effective date of such applicable assignment or participation (unless the Issuer permits such Payee to deliver such valid Withholding Certificate less than five (5) Business Days before such date in which case it shall be due on
the date specified by such parties) and (iii) each Payee who designates a new office for 

  
 65 

 
booking the Notes hereunder shall deliver such valid Withholding Certificate at least five (5) Business Days before the effective date of the designation of such new office (unless the
Issuer shall permit such Payee to deliver such valid Withholding Certificate less than five (5) Business Days before such date in which case it shall be due on the date specified by such parties). Each Payee which so delivers a valid
Withholding Certificate further undertakes to deliver to Issuer two (2) additional copies of such Withholding Certificate (or a successor form) on or before the date that such Withholding Certificate expires or becomes obsolete or after the
occurrence of any event requiring a change in the most recent Withholding Certificate so delivered by it, and such amendments thereto or extensions or renewals thereof as may be reasonably requested by the Issuer. 

IV. COLLATERAL: GENERAL TERMS 
 4.1.
Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Purchaser of the Obligations, each Note Party hereby pledges and grants to Agent for its benefit and for the ratable benefit of each Purchaser
a continuing security interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Note Party shall mark its books and records as may be necessary or appropriate
to evidence, protect and perfect Agent’s security interest and shall cause its financial statements to reflect such security interest. Each Note Party shall promptly provide Agent with written notice of all commercial tort claims with a claim
exceeding $500,000, such notice to contain the case title together with the applicable court and a brief description of the claim(s). Upon delivery of each such notice, such Note Party shall be deemed to hereby grant to Agent a security interest and
lien in and to such commercial tort claims and all proceeds thereof. 
 4.2. Perfection of Security Interest. Each Note Party shall
take all action that is reasonably necessary, or that Agent or the Required Purchasers may reasonably request, to maintain at all times the validity, perfection, enforceability and priority of Agent’s security interest in and Lien on the
Collateral or to enable Agent to protect, exercise or enforce its rights hereunder and in the Collateral, including, but not limited to, (i) immediately discharging all Liens other than Permitted Encumbrances, (ii) using commercially
reasonable efforts to obtain Lien Waiver Agreements upon the reasonable request of Agent or the Required Purchasers, (iii) delivering to Agent, endorsed or accompanied by such instruments of assignment as Agent or the Required Purchasers may
specify, and stamping or marking, in such manner as Agent or the Required Purchasers may specify, any and all chattel paper, instruments, letters of credits and advices thereof and documents evidencing or forming a part of the Collateral with a
value exceeding $500,000, (iv) using commercially reasonable efforts to enter into warehousing and other custodial arrangements reasonably satisfactory to Agent and the Required Purchasers upon the reasonable request of Agent or the Required
Purchasers, and (v) executing and delivering financing statements, control agreements, instruments of pledge, mortgages, notices and assignments, in each case in form and substance reasonably satisfactory to Agent and the Required Purchasers,
relating to the creation, validity, perfection, maintenance or continuation of Agent’s security interest and Lien under the Uniform Commercial Code or other Applicable Law. By its signature hereto, each Note Party hereby authorizes Agent to
file against such Note 

  
 66 

 
Party, one or more financing, continuation or amendment statements pursuant to the Uniform Commercial Code in form and substance satisfactory to the Required Purchasers (which statements may have
a description of collateral which is broader than that set forth herein). Each Note Party authorizes Agent at any time and from time to time to file, one or more financing or continuation statements and amendments thereto, relating to the Collateral
(including, without limitation, any such financing statements that describe the Collateral as “all assets” or “all personal property” (or words of similar effect) or that describe or identify the Collateral by type or in any
other manner as the Required Purchasers may agree). All charges, expenses and fees Agent may incur in doing any of the foregoing, and any local taxes relating thereto, shall be paid to Agent immediately upon demand. 

4.3. Disposition of Collateral. Each Note Party will safeguard and protect all Collateral for Agent’s general account and make no
disposition thereof whether by sale, lease or otherwise except to the extent permitted pursuant to Section 7.1(b). Notwithstanding anything contained in this Agreement to the contrary, in no event shall Agent be obligated to
execute or deliver any document evidencing any release or re-conveyance of Collateral without receipt of a certificate executed by the Chief Financial Officer or Controller of the Issuer certifying that such release complies with this Agreement and
the other Note Documents, and that all conditions precedent to such release or re-conveyance have been complied with. 
 4.4.
Preservation of Collateral. Following the occurrence and during the continuance of an Event of Default, in addition to the rights and remedies set forth in Section 11.1 hereof, Agent: (a) may at any time take such steps as may be
reasonably necessary to protect Agent’s interest in and to preserve the Collateral, including the hiring of such security guards or the placing of other security protection measures; (b) may employ and maintain at any of any Note
Party’s premises a custodian who shall have full authority to do all acts reasonably necessary to protect Agent’s interests in the Collateral; (c) may lease warehouse facilities to which Agent may move all or part of the Collateral;
(d) may use any Note Party’s owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (e) shall have, and is hereby granted, a right of ingress and egress to the places where
the Collateral is located, and may proceed over and through any of the Note Parties’ owned or leased property. Each Note Party shall cooperate fully with all of Agent’s efforts to preserve the Collateral and will take such actions to
preserve the Collateral as Agent may reasonably direct. All of Agent’s actual, reasonable expenses of preserving the Collateral, including any expenses relating to the bonding of a custodian, shall be charged to the Issuer. 

4.5. Ownership of Collateral. 

(a) With respect to the Collateral, at the time the Collateral becomes subject to Agent’s security interest: (i) each Note Party
shall be the sole owner of and fully authorized and able to sell, transfer, pledge and/or grant a second priority security interest in each and every item of its respective Collateral (other than, so long as the Revolving Credit Facility shall not
have been terminated, the Revolving Credit Priority Collateral, in which each Note Party shall be able to grant a secondthird priority security interest) to Agent; and, except for Permitted Encumbrances the Collateral shall
be free and clear of all Liens and encumbrances whatsoever; and (ii) Equipment and Inventory owned by the Note Parties with a fair market value in excess of 

  
 67 

 
$250,000 shall be located as set forth on Schedule 4.5 (as such Schedule may be amended and updated from time to time pursuant to clause (c) of this Section 4.5) and shall not be
removed from such location(s) without the prior written consent of Agent except (A) with respect to the sale of Inventory in the Ordinary Course of Business and dispositions of Equipment and other assets to the extent permitted in
Section 7.1(b) hereof, (B) in connection with the providing of services to Customers; (C) with respect to Equipment and Inventory in transit from one such location to another such location; and (D) with respect to Equipment and
Inventory out for repair in the Ordinary Course of Business. 
 (b) (i) There is no location at which the Note Parties have any Inventory
with a fair market value exceeding $250,000 (except for (A) Inventory temporarily stored at third party locations in connection with the providing of services to Customers and (B) Inventory in transit) other than those locations listed on
Schedule 4.5; (ii) Schedule 4.5 hereto contains a correct and complete list, as of the Closing Date, of the legal names and addresses of each warehouse at which Inventory of the Note Parties is stored with a fair market value exceeding
$250,000; none of the receipts received by any Note Party from any warehouse states that the goods covered thereby are to be delivered to bearer or to the order of a named Person or to a named Person and such named Person’s assigns;
(iii) Schedule 4.5 hereto sets forth a correct and complete list as of the Closing Date of (A) each place of business of each Note Party and (B) the chief executive office of each Note Party; and (iv) Schedule 4.5 hereto sets
forth a correct and complete list as of the Closing Date of the location, by state and street address, of all Real Property owned or leased by each Note Party, together with the names and addresses of any landlords. 

(c) Subject to providing at least three (3) Business Days’ prior written notice, together with the provision of an update to
Schedule 4.5 to reflect such changes and compliance with Section 4.2, the Note Parties may store Equipment or Inventory with a fair market value in excess of $250,000 at a new owned or leased location; provided, that such notice and
update to Schedule 4.5 shall reflect whether such new location is owned or leased. 
 4.6. Defense of Agent’s and Purchasers’
Interests. Until (a) payment and performance in full of all of the Obligations and (b) termination of this Agreement, Agent’s interests in the Collateral shall continue in full force and effect. During such period no Note Party
shall, without Agent’s or the Required Purchasers’ prior written consent (with the Agent’s consent to be given pursuant to the written direction of the Required Purchasers), pledge, sell, assign, transfer, create or suffer to exist a
Lien upon or encumber or allow or suffer to be encumbered in any way except for Permitted Encumbrances and to the extent permitted by this Agreement, any part of the Collateral. Each Note Party shall defend Agent’s interests in the Collateral
with a fair market value of $500,000 or greater against any and all Persons whatsoever except with respect to Permitted Encumbrances. At any time following acceleration of the Obligations in accordance with Section 11.1, Agent shall have the
right to take possession of the indicia of the Collateral and the Collateral in whatever physical form contained, including: labels, stationery, documents, instruments and advertising materials. If Agent exercises this right to take possession of
the Collateral, the Note Parties shall, upon demand, assemble it in the best manner possible and make it available to Agent at a place reasonably convenient to Agent. In addition, with respect to all Collateral, Agent and the Purchasers shall be
entitled to all of the rights and remedies set 

  
 68 

 
forth herein and further provided by the Uniform Commercial Code or other Applicable Law. At any time following acceleration of the Obligations in accordance with Section 11.1, each Note
Party shall, upon Agent’s or the Required Purchasers’ written request, and Agent may, at its option, instruct all suppliers, carriers, forwarders, warehousers or others receiving or holding cash, checks, Inventory, documents or instruments
in which Agent holds a security interest to deliver same to Agent and/or subject to Agent’s order and if they shall come into any Note Party’s possession, they, and each of them, shall be held by such Note Party in trust as Agent’s
trustee, and such Note Party will immediately deliver them to Agent in their original form together with any necessary endorsement. 
 4.7.
Books and Records. Each Note Party shall (a) keep proper books of record and account in which full, true and correct entries will be made in all material respects, of all dealings or transactions of or in relation to its business
and affairs; (b) set up on its books accruals with respect to all taxes, assessments, charges, levies and claims; and (c) on a reasonably current basis set up on its books, from its earnings, allowances against doubtful Receivables,
advances and investments and all other proper accruals (including by reason of enumeration, accruals for premiums, if any, due on required payments and accruals for depreciation, obsolescence, or amortization of properties), which should be set
aside from such earnings in connection with its business. All determinations pursuant to this subsection shall be made in accordance with, or as required by, GAAP consistently applied in the opinion of such independent public accountant as shall
then be regularly engaged by the Note Parties. 
 4.8. Financial Disclosure. Each Note Party hereby irrevocably authorizes and
directs all accountants and auditors employed by such Note Party at any time to exhibit and deliver to Agent and each Purchaser copies of any of such Note Party’s and the Restricted Subsidiaries’ financial statements, trial balances or
other accounting records of any sort in the accountant’s or auditor’s possession, and to disclose to Agent and each Purchaser any information such accountants may have concerning such Note Party’s and the Restricted Subsidiaries’
financial status and business operations, other than any disclosure of information (x) material to Issuer’s and its Restricted Subsidiaries’ business if such disclosure would result in the loss of the applicable accountant-client
privilege (if any) or (y) which disclosure would violate in any material respect confidentiality obligations owing to a third party. 

4.9. Compliance with Laws. Each of Holdings, the Issuer and the Restricted Subsidiaries shall comply with all Applicable Laws with
respect to such Person’s assets or to the operation of such Person’s business the non-compliance with which would reasonably be expected to have a Material Adverse Effect. 

4.10. Inspection of Premises. At all reasonable times Agent and each Purchaser shall have full access to and the right to audit, check,
inspect and make abstracts and copies from each of Holding’s, Issuer’s and its Restricted Subsidiaries’ books, records, audits, correspondence and all other papers relating to the Collateral and the operation of each such
Person’s business (other than any information protected by attorney-client privilege or the disclosure of which would violate confidentiality obligations owed to third parties), provided that, Agent and Purchasers shall use commercially
reasonable efforts to minimize any disruption to the normal business operations of such Person resulting from such access and activities. To the extent such access 

  
 69 

 
does not disrupt the normal business operations of Holdings, the Issuer and its Restricted Subsidiaries, Agent, any Purchaser and their agents may enter (upon prior written notice and at its own
expense in the absence of a continuing Event of Default) upon any premises of any such Person at any time during business hours and at any other reasonable time, and from time to time, for the purpose of inspecting the Collateral and any and all
records pertaining thereto and the operation of such Person’s business. 
 4.11. Insurance. Each Note Party and Restricted
Subsidiary shall (a) keep all its insurable properties insured against the hazards of fire, flood, sprinkler leakage, those hazards covered by extended coverage insurance and such other hazards, and for such amounts, as is customary in the case
of companies engaged in businesses similar to such Person’s (including business interruption) under policies issued by financially sound and reputable insurance companies; (b) maintain a bond in such amounts as is customary in the case of
companies engaged in businesses similar to such Person insuring against larceny, embezzlement or other criminal misappropriation of insured’s officers and employees; (c) maintain all such worker’s compensation or similar insurance as
may be required under the laws of any state or jurisdiction in which such Person is engaged in business; (d) maintain public liability insurance against claims for personal injury, death or property damage suffered by others and other similar
hazards (including any such liability insurance required to be maintained by the Note Parties and Restricted Subsidiaries under the terms of Material Contracts) for such amounts, as is customary in the case of companies engaged in businesses similar
to such Person’s under policies issued by financially sound and reputable insurance companies, (e) maintain insurance against risks under Environmental Laws and with respect to Hazardous Discharges and Releases and others
similar hazards, and for such amounts, as is customary in the case of companies engaged in businesses similar to such Person’s under policies issued by financially sound and reputable insurance companies; and (f)(i) furnish Agent and the
Purchasers with copies of all policies and evidence of the maintenance of such policies at Agent’s or the Required Purchasers’ request, and (ii) furnish Agent and the Purchasers with appropriate loss payable endorsements in form and
substance reasonably satisfactory to the Required Purchasers, naming lender loss payee and additional insured as its interests may appear with respect to all insurance coverage referred to in clause (a) and (e) above. Each of the Issuer
and its Restricted Subsidiaries at all times shall maintain the assets and Real Property of such Note Party so that such insurance shall remain in full force and effect. Each Note Party shall bear the full risk of any loss of any nature whatsoever
with respect to the Collateral. 
 4.12. Failure to Pay Insurance. If either the Issuer or any Restricted Subsidiary fails to obtain
insurance as hereinabove provided, or to keep the same in force, Agent, if the Agent or the Required Purchasers so elect, may obtain such insurance and pay the premium therefor on behalf of such Restricted Subsidiary, and charge the Issuer therefor,
and such expenses so paid shall be part of the Obligations. 
 4.13. Payment of Taxes. Each of the Issuer and its Restricted
Subsidiaries will pay, when due, all material taxes, assessments and other Charges lawfully levied or assessed upon such Person or, in the case of a Note Party, any of the Collateral, including real and personal property taxes, assessments and
charges and all franchise, income, employment, social security benefits, withholding, and sales taxes, except in each case, to the extent the same has been 

  
 70 

 
Properly Contested. If any such taxes, assessments, or other Charges remain unpaid after the date fixed for their payment, or if any claim shall be made which, in Agent’s or any
Purchaser’s opinion, may possibly create a valid Lien on the Collateral, the Purchasers may without notice to the Issuer pay the taxes, assessments or other Charges and the Issuer hereby indemnifies and holds Agent and each Purchaser harmless
in respect thereof. Unless an Event of Default shall have occurred and remain continuing the Purchasers shall not pay any taxes, assessments on Charges to the extent that the Issuer or any Restricted Subsidiary has Properly Contested such taxes,
assessments or Charges. The amount of any payment by the Purchasers under this Section 4.13 shall be added to the Obligations and, until the Issuer shall furnish the Purchasers with an indemnity therefor (or supply the Purchasers with evidence
satisfactory to the Required Purchasers that due provision for the payment thereof has been made), the Purchasers may hold without interest any balance standing to the Issuer’s credit and Agent shall retain its security interest in and Lien on
any and all Collateral held by Agent for the benefit of the Purchasers. 
 4.14. Vehicles. Within the time specified in
Section 6.14 and, with respect to any Vehicles constituting Collateral acquired by such Note Party subsequent to the date hereof, within 30 days after the date of acquisition thereof (or longer if agreed to by the Required Purchasers), all
applications for certificates of title/ownership indicating Agent’s second priority security interest in the Vehicle (or, in the case of Vehicles constituting ABL Equipment, secondthird priority security interest)
covered by such certificate, and any other necessary documentation, shall be filed in each office in each jurisdiction which Agent or the Required Purchasers shall deem advisable to perfect Agent’s security interests in the Vehicles. 

4.15. Receivables. 
 (a)
Nature of Receivables. Each of the material Receivables shall be a bona fide and valid account representing a bona fide indebtedness incurred by the Customer therein named, for a fixed sum as set forth in the invoice relating thereto
(provided immaterial or unintentional invoice errors shall not be deemed to be a breach hereof) with respect to an absolute sale or lease and delivery of goods upon stated terms of a Note Party, or work, labor or services theretofore rendered by a
Note Party as of the date each Receivable is created. 
 (b) [RESERVED]. 

(c) Location of Note Parties. As of the Closing Date, each Note Party’s chief executive office is located at the location set
forth in Schedule 4.5 with respect to such Note Party. Until written notice is given to Agent and the Purchasers by Issuer of any other office at which any Note Party keeps its records pertaining to Receivables, all such records shall be kept at
such executive office. 
 (d) [RESERVED]. 

(e) Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at any time following the occurrence and during
the continuance of an Event of Default, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or

  
 71 

 
otherwise concerned with any of the Collateral. At any time after the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to collect the Receivables,
take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used
for collection, may be charged to the Issuer and added to the Obligations. 
 (f) Power of Agent to Act on Note Parties’ Behalf.
Subject to the Intercreditor Agreement, following the occurrence and during the continuance of an Event of Default, Agent shall have the right to receive, endorse, assign and/or deliver in the name of Agent or any Note Party any and all checks,
drafts and other instruments for the payment of money relating to the Receivables, and each Note Party hereby waives notice of presentment, protest and non-payment of any instrument so endorsed. Each Note Party hereby constitutes Agent or
Agent’s designee as such Note Party’s attorney with power at any time following the occurrence and during the continuance of an Event of Default (A) to endorse such Note Party’s name upon any notes, acceptances, checks, drafts,
money orders or other evidences of payment or Collateral; (B) to sign such Note Party’s name on any invoice or bill of lading relating to any of the Receivables, drafts against Customers, assignments and verifications of Receivables;
(C) to send verifications of Receivables to any Customer; (D) to sign such Note Party’s name on all financing statements or any other documents or instruments which may be necessary or appropriate to preserve, protect, or perfect
Agent’s interest in the Collateral and to file same; and (E) to receive, open and dispose of all mail addressed to any Note Party; (F) to demand payment of the Receivables; (G) to enforce payment of the Receivables by legal
proceedings or otherwise; (H) to exercise all of such Note Party’s rights and remedies with respect to the collection of the Receivables and any other Collateral; (I) to settle, adjust, compromise, extend or renew the Receivables;
(J) to settle, adjust or compromise any legal proceedings brought to collect Receivables; (K) to prepare, file and sign such Note Party’s name on a proof of claim in bankruptcy or similar document against any Customer; (L) to
prepare, file and sign such Note Party’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Receivables; and (M) to do all other acts and things necessary to carry out this Agreement.
All acts of said attorney or designee are hereby ratified and approved, and said attorney or designee shall not be liable for any acts of omission or commission nor for any error of judgment or mistake of fact or of law, unless done with gross (not
mere) negligence (as determined by a court of competent jurisdiction in a final non-appealable judgment); this power being coupled with an interest is irrevocable while any of the Obligations remain unpaid. Agent shall have the right at any time
following the occurrence and during the continuance of an Event of Default to change the address for delivery of mail addressed to any Note Party. 

(g) No Liability. Neither Agent nor any Purchaser shall, under any circumstances or in any event whatsoever, have any liability for any
error or omission or delay of any kind occurring in the settlement, collection or payment of any of the Receivables or any instrument received in payment thereof, or for any damage resulting therefrom other than as a result of Agent’s or such
Purchaser’s gross negligence or willful misconduct. Following the occurrence and during the continuance of an Event of Default, Agent may, without notice or consent from any Note Party, sue upon or otherwise collect, extend the time of payment
of, compromise or settle for cash, credit or upon any terms any of the Receivables or any other 

  
 72 

 
securities, instruments or insurance applicable thereto and/or release any obligor thereof. Agent is authorized and empowered to accept following the occurrence and during the continuance of an
Event of Default the return of the goods represented by any of the Receivables, without notice to or consent by any Note Party, all without discharging or in any way affecting any Note Party’s liability hereunder. 

(h) [RESERVED]. 
 (i)
Deposit Accounts, Securities Accounts and Investment Accounts. 
 (i) All deposit accounts, securities accounts and investment
accounts of each Note Party and its Subsidiaries as of the Closing Date are set forth on Schedule 4.15(i) (which such schedule shall be updated from time to time and attached to each Compliance Certificate delivered pursuant to Section 9.7 if,
since the Closing Date or the date of the last notification (as applicable), any Note Party has acquired any additional deposit accounts, securities accounts or investment accounts). No Note Party shall open any new deposit account, securities
account or investment account unless such account is to be maintained with the Agent or with a bank, depository institution or securities intermediary that is not the Agent, provided however, that in connection with any account not maintained
with the Agent, such bank, depository institution or securities intermediary, each applicable Note Party and Agent shall first have entered into an account control agreement in form and substance reasonably satisfactory to Agent and the Required
Purchasers sufficient to give Agent “control” (for purposes of Articles 8 and 9 of the Uniform Commercial Code) over such account; provided further, that notwithstanding anything to the contrary provided for in this Agreement, the
Note Parties need not comply with the foregoing requirements of this Section 4.15(i) with respect to (1) any deposit accounts in which the total amount of funds on deposit therein or credited thereto do not exceed at any one time either
$100,000 as to any one such deposit account or $250,000 as to all such deposit accounts taken together or (2) any deposit accounts used exclusively for trust, payroll, payroll tax or petty cash purposes or employee wage or welfare benefit
payments so long as the Note Parties shall not maintain funds on deposit therein or credited thereto at any time in excess of the amounts necessary to fund such trust, payroll, payroll tax or petty cash obligations and any related payroll processing
expenses routinely paid from such accounts on a current basis. 
 (ii) Notwithstanding anything to the contrary, proceeds of the Collateral
(whether by way of disposition or otherwise) shall, to the extent not constituting Revolving Credit Priority Collateral, be deposited in an account maintained with the Agent or with a bank, depository institution or securities intermediary, subject
to an account control agreement in form and substance reasonably satisfactory to the Agent and the Required Purchasers sufficient to give Agent “control” (for purposes of Article 8 and 9 of the Uniform Commercial Code) over such account
and subject to no other Liens other than Liens created under any Note Document in favor of the Agent for the benefit of the Purchasers and non-consensual Liens constituting Permitted Encumbrances (such account, the “Term Priority
Collateral Account”). 
 (j) Adjustments. Except as permitted pursuant to Section 7.1(b)(vi), no Note Party will,
without Agent’s or the Required Purchasers’ consent, compromise or adjust any 

  
 73 

 
Receivables (or extend the time for payment thereof) or accept any returns of merchandise or grant any additional material discounts, allowances or credits thereon except for those compromises,
adjustments, returns, discounts, credits and allowances as have been heretofore customary in the Ordinary Course of Business of such Note Party. 

4.16. Inventory. To the extent Inventory held for sale or lease has been produced by any Note Party, it has been and will be produced
by such Note Party in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder. 

4.17. Maintenance of Equipment. The Equipment shall be maintained in good operating condition and repair (reasonable wear and tear and
casualty excepted) and all necessary replacements of and repairs thereto shall be made so that the value and operating efficiency of the Equipment shall be maintained and preserved in all material respects. No Note Party shall use or operate the
Equipment in violation of any material law, statute, ordinance, code, rule or regulation. Each Note Party shall have the right to sell Equipment to the extent set forth in Section 7.1(b) hereof. 

4.18. Exculpation of Liability. Nothing herein contained shall be construed to constitute Agent or any Purchaser as any Note
Party’s agent for any purpose whatsoever, nor shall Agent or any Purchaser be responsible or liable for any shortage, discrepancy, damage, loss or destruction of any part of the Collateral wherever the same may be located and regardless of the
cause thereof, except to the extent caused by the gross negligence or willful misconduct of Agent or of such Purchaser. Neither Agent nor any Purchaser, whether by anything herein or in any assignment or otherwise, assumes any of any Note
Party’s obligations under any contract or agreement assigned to Agent or such Purchaser, and neither Agent nor any Purchaser shall be responsible in any way for the performance by any Note Party of any of the terms and conditions thereof. 

4.19. Environmental Matters. 

(a) Holdings, the Issuer and its Restricted Subsidiaries shall ensure that the Real Property and all operations and businesses conducted
thereon, and all operations and business conducted by Holdings, the Issuer and the Restricted Subsidiary on real property owned or operated by Customers (“Customer Real PropertiesProperty”), remain in
material compliance with all Environmental Laws, and they shall not place or permit to be placed any Hazardous Substances on or at any Real Property or any Customer Real Property except as permitted by Applicable Law or appropriate governmental
authorities. 
 (b) Holdings, the Issuer and its Restricted Subsidiaries shall establish and maintain a system to assure and monitor
continued compliance of such Persons’ operations and businesses with all applicable Environmental Laws, which system shall include periodic reviews of such compliance. 

(c) [reserved] 

  
 74 

 (d) In the event any of Holdings, the Issuer or any Restricted Subsidiary obtains, gives or
receives written notice of any Release or written threat of Release of a reportable quantity of any Hazardous Substances at the Real Property or any Customer Real Property that could reasonably be expected to result in a Material Adverse Effect (any
such event being hereinafter referred to as a “Hazardous Discharge”) or receives any written notice of violation, request for information or written notification that it is potentially responsible for investigation or cleanup of
environmental conditions at the Real Property or any Customer Real Property, or written demand letter, complaint, order, citation, or other written notice with regard to any Hazardous Discharge or violation of Environmental Laws affecting the Real
Property or any such Person’s interest therein, or any Customer Real Property, that could reasonably be expected to result in a Material Adverse Effect (any of the foregoing is referred to herein as an “Environmental
Complaint”) from any Governmental Body responsible in whole or in part for environmental matters in the state in which the Real Property or Customer Real Property is located or the United States Environmental Protection Agency (any such
person or entity hereinafter the “Authority”), then Issuer shall, within ten (10) Business Days of such notification, give written notice of same to Agent and the Purchasers detailing facts and circumstances of which any of
Holdings, the Issuer or any of its Restricted Subsidiaries is aware giving rise to the Hazardous Discharge or Environmental Complaint. Such information is to be provided to allow Agent to protect its security interest in and Lien on the Real
Property and the Collateral and is not intended to create nor shall it create any obligation upon Agent or any Purchaser with respect thereto. 

(e) Issuer shall promptly forward to Agent and the Purchasers copies of any written request for information, notification of potential
liability, or demand letter from Governmental Bodies relating to potential responsibility with respect to the investigation or cleanup of Hazardous Substances at any other site owned, operated or used by any of Holdings, the Issuer or its Restricted
Subsidiaries for the disposal of Hazardous Substances (including sites to which such Persons have arranged for the transport and disposal of Hazardous Substances) and shall continue to forward copies of correspondence and other non-privileged
documents reasonably requested by Agent or the Required Purchasers to Agent and the Purchasers until such matter is settled. Issuer shall promptly forward to Agent and the Purchasers copies of all documents and reports concerning a Hazardous
Discharge that is reasonably expected to have a Material Adverse Effect at the Real Property, any Customer Real Property, or any such third-party disposal sites that any of Holdings, the Issuer or any of its Restricted Subsidiaries is required to
file under any Environmental Laws. Such information is to be provided solely to allow Agent to protect Agent’s security interest in and Lien on the Real Property and the Collateral. 

(f) Holdings, the Issuer and its Restricted Subsidiaries shall respond promptly to any Hazardous Discharge or Environmental Complaint and take
all Remedial Actions required by Environmental Law or the Authority in order to safeguard the health of any Person and to avoid subjecting the Collateral or Real Property to any Lien; provided,
however, it shall not be required to undertake such Remedial Action or Environmental Complaint to the extent that its obligation to do so is being contested in good faith and by proper procedure. If any such Person shall fail to respond promptly
to any Hazardous Discharge as required by Environmental Law or the Authority, which such failure would reasonably be expected to have a 

  
 75 

 
Material Adverse Effect, Agent on behalf of Purchasers may, but without the obligation to do so, for the sole purpose of protecting Agent’s interest in the Collateral,:
(i) give such notice or (ii) enter onto the Real Property (or authorize third parties to enter onto the Real Property) and take such Remedial Actions required by Environmental Law or the Authority with respect to any such Hazardous
Discharge or Environmental Complaint. All reasonable costs and expenses incurred by Agent and Purchasers (or such third parties) in the exercise of any such rights, including any sums paid in connection with any judicial or administrative
investigation or proceedings, fines and penalties, together with interest thereon from the date expended at the Default Rate shall be paid upon demand by the Issuer within thirty (30) business days of written demand by
Agent, and until paid shall be added to and become a part of the Obligations secured by the Liens created by the terms of this Agreement or any other agreement between Agent, any Purchaser and any Note Party. 

(g) In the event there is a Hazardous Discharge or a failure to comply with Environmental Laws at the Real Property or any Customer Real
Property, which in either case is reasonably likely to have a Material Adverse Effect, Holdings, the Issuer and its Restricted Subsidiaries shall comply with all reasonable requests for information made by the Agent or the Required Purchasers with
respect to such Hazardous Discharge or failure to comply with Environmental Laws. Such information reasonably requested may include, at the Issuer’s expense, an environmental site assessment or environmental compliance audit of Real Property
owned by Holdings, the Issuer or any of its Restricted Subsidiaries, to be prepared by a nationally recognized environmental consulting or engineering firm, to assess such Hazardous Discharge or non-compliance with Environmental Laws;
provided, however, that any environmental site assessment, environmental compliance audit or similar report acceptable to an appropriate Authority that is charged to oversee any Remedial Action related to such Hazardous Discharge or failure
to comply with Environmental Laws shall be deemed acceptable to Agent and the Required Purchasers. 
 (h) The Note Parties shall defend and
indemnify Agent and Purchasers and hold Agent, Purchasers and their respective employees, agents, directors and officers harmless from and against all loss, liability, damage and expense, claims, costs, fines and penalties, including attorney’s
fees, suffered or incurred by Agent or Purchasers under or on account of any Environmental Laws, including the assertion of any Lien thereunder, with respect to any Hazardous Discharge or the presence of any Hazardous Substances affecting the Real
Property or any Customer Real Property whether or not the same originates or emerges from the Real Property or any contiguous real estate, except to the extent such loss, liability, damage and expense is attributable to any Hazardous Discharge or
presence of Hazardous Substances resulting from actions on the part of Agent, the Purchasers or their respective employees, agents, directors or officers as provided for in this Agreement. The Note Parties’ respective obligations under this
Section 4.19 shall arise upon the discovery of the presence of any such Hazardous Substances or Hazardous Discharge, whether or not any federal, state, or local environmental agency has taken or threatened any action in connection with the
presence of any such Hazardous Substances or Hazardous Discharge. The Note Parties’ obligation and the indemnifications hereunder shall survive until payment in full of the Obligations and termination of this Agreement. 

  
 76 

 4.20. Financing Statements. Except for financing statements filed by or on behalf of Agent
and financing statements filed by the agent under the Revolving Facility related to Revolving Credit Priority Collateral, as of the Closing Date, there are no effective financing statements covering any of the Collateral or any proceeds thereof on
file in any applicable jurisdiction. 
 4.21. [RESERVED]  

4.22. Mortgages Within the time specified in Section 6.14 and, with respect to any Material Real Property acquired by such Note
Party subsequent to the Closing Date, within ninety (90) days after the date of acquisition thereof (or longer if agreed to by the Required Purchasers), the Agent and the Purchasers shall have received each of the following documents with
respect to each Mortgaged Property, which shall be in form and substance reasonably acceptable to the Required Purchasers. For the avoidance of doubt, neither the Agent nor the Purchasers shall be responsible for the failure of any Person to deliver
the documents below, for monitoring such delivery or for the content or correctness of any document delivered to it. 
 (a)
Insurance. Policies or certificates of insurance covering each Mortgaged Property and assets of the Note Parties thereon, which policies or certificates shall be in form and substance reasonably acceptable to the Required Purchasers and
reflect the Agent for the benefit of the Purchasers, as additional insured and loss payee and mortgagee and shall otherwise bear endorsements of such type and in such amounts as are customarily carried under similar circumstances for properties used
for the same or similar businesses or purposes as the Mortgaged Properties and are otherwise reasonably acceptable to the Required Purchasers; 

(b) Flood Certificate and Insurance. A completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard
Determination, and, if any Mortgaged Property is designated as a “special flood hazard area” in any flood insurance rate map published by the Federal Emergency Management Agency or any successor agency thereof, evidence of flood insurance
in form and substance reasonably acceptable to the Required Purchasers and in an amount reasonably acceptable to the Required Purchasers; 

(c) Mortgages. Fully executed counterparts of a Mortgage, duly executed and delivered by the record owner of each Mortgaged Property,
in form suitable for filing or recording in the applicable jurisdiction and otherwise reasonably satisfactory to the Required Purchasers, and, in each case, with such schedules and including such provisions as shall be necessary to conform such
Mortgages to applicable local law or as shall be customary under applicable local law, together with evidence that counterparts of all the Mortgages have been delivered to the title insurance company for recording in all places necessary to
effectively create a valid and enforceable second priority mortgage lien on each Mortgaged Property in favor of the Agent for the benefit of the Purchasers, securing the Obligations related to the Notes subject only to any Permitted Encumbrances;
provided that, if, in connection with the recording or filing of a Mortgage, a mortgage tax would be owed under applicable law in respect of the entire amount of the Obligations, then the amount secured by such Mortgage shall be limited to
100% of the fair market value of the real property (in the Required Purchasers’ reasonable determination) encumbered by such Mortgage; 

  
 77 

 (d) Counsel Opinions. Opinions of local counsel in each jurisdiction where the Mortgaged
Property is located covering, among other things, the enforceability, due authorization, execution, delivery and perfection of the Mortgages and any related fixture filings, and other matters customarily included in such opinions, addressed to the
Agent and in form and substance reasonably acceptable to the Required Purchasers; 
 (e) Fixture filings. Proper fixture filings
under the Uniform Commercial Code on Form UCC-1 for filing under the Uniform Commercial Code in each jurisdiction in which the Mortgaged Property is located to perfect the security interests in fixtures purported to be created by the Mortgages in
favor of the Agent for its benefit and the benefit of the Purchasers (unless with respect to a Mortgaged Property, the applicable Mortgage is sufficient to constitute a fixture filing under applicable law); 

(f) Title insurance. A fully paid extended coverage policy of title insurance issued by a nationally recognized title insurance company
selected by the Note Parties (the “Title Company”) (or a marked title insurance commitment or commitments having the effect of a policy or policies of title insurance) insuring the second priority mortgage lien of each Mortgage as a
valid second priority mortgage lien on each Mortgaged Property, free and clear of all liens, encumbrances, conditions, restrictions and other exceptions to title, except for any Permitted Encumbrances and any other matters expressly approved by the
Required Purchasers in writing, together with such endorsements, coinsurance and reinsurance as the Required Purchasers may reasonably request and which are available at commercially reasonable rates in the applicable jurisdiction (the
“Title Policy”); 
 (g) Survey. For each Mortgaged Property, either an ALTA survey in a form and substance
reasonably acceptable to the Required Purchasers or an existing ALTA survey together with a no-change affidavit sufficient for the Title Company to remove the standard survey exception to coverage from the applicable Title Policy and issue any
survey-related endorsements required by the Required Purchasers; 
 (h) Zoning. Evidence of the zoning classification of the
Mortgaged Property, with explanation of the same attached, from an appropriate governmental office or agency, and reasonably satisfactory to the Required Purchasers; 

(i) Compliance with Laws. Evidence that the improvements upon each Mortgaged Property and their use comply in all material respects
with all applicable licensing, zoning and building laws, ordinances, and regulations and with all other applicable federal, state and municipal laws and requirements; 

(j) Consents. Any consents, approvals, amendments, supplements, estoppels, tenant subordination agreements or other instruments, the
delivery of which is necessary to consummate the transactions contemplated herein; 
 (k) Collateral Fees and Expenses. Evidence of
payment by the Issuer of all actual costs, fees, charges, expenses and taxes (including mortgage recording taxes or similar charges) required for, or relating to, the recording of the Mortgages and, if applicable, the fixture filings, and the
issuance of the Title Policies. 

  
 78 

 4.23. Intercreditor Agreement. Notwithstanding anything in Article IV to the contrary,
(i) the liens and security interests granted to Agent pursuant to this Agreement in Collateral that constitutes Revolving Credit Priority Collateral are expressly subject and subordinate to the liens and security interests granted in favor of
the Revolving Credit Secured Parties (as defined in the applicable Intercreditor Agreement), including liens and security interests granted to Agent pursuant to or in connection with the Revolving Credit Agreement, (ii) the liens and security
interests granted to Agent pursuant to this Agreement in all Collateral are expressly subject and subordinate to the liens and security interests granted in favor of the First Lien Term Loan Secured Parties (as defined in the applicable
Intercreditor Agreement), and (iii) the exercise of any right or remedy with respect to the Collateral by Agent hereunder is subject to the limitations and provisions of each Intercreditor Agreement. In the event of any conflict between the
terms of either Intercreditor Agreement and the terms of this Article IV, the terms of such Intercreditor Agreement shall govern. 
 4.24.
Lien Priority. Notwithstanding anything in this Agreement to the contrary, upon the payment in full of the Indebtedness of the Note Parties under the First Lien Term Loan Agreement, all references in this Agreement to the Agent’s second
priority security interest in the Collateral shall be deemed to refer to the Agent’s first priority security interest, and, with respect to the Revolving Credit Priority Collateral (so long as the Revolving Credit Facility shall not have been
terminated at such time), all references to the Agent’s third priority interest shall be deemed to refer to the Agent’s second priority interest, in each case as in effect prior to the Subject Transaction Effective Date. 

4.25. Appraisals. Agent may, at the direction of the Required Purchasers, at any time after the Subject Transaction Effective Date,
engage the services of an independent appraisal firm or firms of reputable standing, satisfactory to Agent and the Required Purchasers, for the purpose of appraising the then current values of the Notes Collateral; provided that so long as no
Event of Default shall have occurred and be continuing, (x) the Note Parties shall not be obligated to pay or reimburse Agent or the Required Purchasers for more than one such appraisal conducted in any consecutive 365 day period commencing on
the Subject Transaction Effective Date and (y) the Agent shall use commercially reasonable efforts to cooperate and coordinate with the First Lien Term Loan Agent in respect of any appraisal being conducted by or on its behalf. Absent the
occurrence and during the continuance of an Event of Default at such time, Agent and the Required Purchasers shall consult with the Note Parties as to the identity of any such firm. 

4.26. First Lien Term Loan Collateral. Notwithstanding anything to the contrary contained in this Article IV, to the extent any Note
Party grants a lien on or pledges any assets or properties to the First Lien Term Loan Agent to secure the First Lien Term Loan Debt pursuant to the First Lien Term Loan Documents, such Note Party shall also grant a lien on or otherwise
pledge such assets or properties to the Agent to secure the Obligations hereunder, subject to the terms of the applicable Intercreditor Agreement. 

  
 79 

 V. REPRESENTATIONS AND WARRANTIES. 

Each Note Party represents and warrants as follows: 

5.1. Authority. Each Note Party has full power, authority and legal right to enter into this Agreement and the other Note Documents and
to perform all its respective Obligations hereunder and thereunder. This Agreement and the other Note Documents have been duly executed and delivered by each Note Party, and this Agreement and the other Note Documents constitute the legal, valid and
binding obligation of such Note Party enforceable in accordance with their terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar laws affecting creditors’ rights generally. The
execution, delivery and performance of this Agreement and of the other Note Documents (a) are within such Note Party’s powers under its Organization Documents, have been duly authorized by all necessary corporate, limited partnership,
company or other organizational action, as applicable, are not in contravention of law or the terms of such Note Party’s Organization Documents or to the conduct of such Note Party’s business or of any material agreement or undertaking to
which such Note Party is a party or by which such Note Party or any of its property is bound, (b) will not conflict in any material respect with or violate any law or regulation, or any judgment, order or decree of any Governmental
Body or any material mortgage, indenture, contract, agreement, judgment, decree or order binding on any Note Party or any of their Restricted Subsidiaries or affecting the Collateral, (c) will not require the Consent of any
Governmental Body, any party to a Material Contract or any other Person, except those Consents set forth on Schedule 5.1 hereto, all of which will have been duly obtained, made or complied with prior to the Closing Date and which are in full
force and effect or the failure of which to obtain would not reasonably be expected to result in a Material Adverse Effect, and (d) will not conflict with, nor result in any breach of any of the provisions of or constitute a default under or
result in the creation of any Lien except Permitted Encumbrances upon any asset of such Note Party and its Restricted Subsidiaries under the provisions of any agreement, instrument, Organization Document or other instrument to which such Note Party
and its Restricted Subsidiaries are party or by which they or their property is a party or by which they may be bound or any material mortgage, indenture, contract, agreement, judgment, decree or order binding on any Note Party or
any of their Restricted Subsidiaries or affecting the Collateral. 
 5.2. Formation and Qualification. 

(a) Each Note Party and each Restricted Subsidiary (A) is a Person duly organized or formed, validly existing and in good standing under
the laws of the jurisdiction of its incorporation or organization (to the extent such concept exists in such jurisdiction) and (B) is duly qualified to do business and is in good standing (to the extent such concept exists in such jurisdiction)
under the laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification and where the failure to so qualify would reasonably be expected to have a Material Adverse Effect
on such Person. Each Note Party has delivered to Agent and the Purchasersas of the Fourth Amendment Closing Date true and complete copies of its Organization Documents and will promptly notify Agent and the Purchasers
of any material amendment or changes thereto. 

  
 80 

 (b) The only Subsidiaries of each Note Party as of the Closing Date are listed on Schedule
5.2(b). 
 5.3. Survival of Representations and Warranties. All representations and warranties of each Note Party contained in this
Agreement and the other Note Documents shall be true at the time of such Note Party’s execution of this Agreement and the other Note Documents, and shall survive the execution, delivery and acceptance thereof by the parties thereto and the
closing of the transactions described therein or related thereto. 
 5.4. Tax Returns. Each of the Note Parties’ and the
Restricted Subsidiaries’ federal tax identification numbers are set forth on Schedule 5.4 (as such Schedule may be amended and updated from time to time by written notice from the Issuer to Agent and the Purchasers in connection with the
delivery of a Compliance Certificate pursuant to Section 9.7). Each of the Note Parties and the Restricted Subsidiaries has filed all federal and state income and all other material tax returns and other reports each is required by law to file
and has paid all material taxes, assessments, fees and other governmental charges that are due and payable, except those that are being Properly Contested. Federal and material state and local income tax returns of the Note Parties and the
Restricted Subsidiaries have been examined and reported upon by the appropriate taxing authority or closed by applicable statute and satisfied for all fiscal yearsFiscal Years prior to and including the fiscal
yearFiscal Year ending December 31, 2013. The provisions for taxes on the books of each of the Note Parties and the Restricted Subsidiaries is adequate in all material respects for all years not closed by applicable
statutes, and for its current fiscal yearFiscal Year, and none of the Note Parties or the Restricted Subsidiaries has any knowledge of any material deficiency or additional assessment in connection therewith not
provided for on its books. 
 5.5. Financial Statements. 

(a) The pro forma balance sheet of the IssuerHoldings on a Consolidated Basis (the “Pro Forma Balance
Sheet”) furnished to Agent and the Purchasers on the Closing Date reflects the consummation of the Transactions and is accurate, complete and correct and fairly reflects in all material respects the financial condition of the
IssuerHoldings on a Consolidated Basis as of the Closing Date after giving effect to the Transactions, and has been prepared in accordance with GAAP, consistently applied. The Pro Forma Balance Sheet has been certified as accurate,
complete and correct in all material respects by the Chief Financial Officer of the Issuer. All financial statements referred to in this subsection 5.5(a), including the related schedules and notes thereto, have been prepared in accordance with
GAAP, except as may be disclosed in such financial statements and the absence of footnotes and year end adjustments. 
 (b) The twelve-month
cash flow projections of the IssuerHoldings on a Consolidated Basis and their projected balance sheets as of the Closing Date, copies of which are annexed hereto as Exhibit 5.5(b) (the “Projections”) were
prepared by the Chief Financial Officer of the Issuer, are based on underlying assumptions which provide a reasonable basis for the projections contained therein and reflect Issuer’s judgment based on present circumstances of the most likely
set of conditions and course of action for the projected period (it being 

  
 81 

 
understood by the parties that projections by their nature are inherently uncertain and no assurances are being given that the results reflected in such projections will be achieved). The cash
flow Projections together with the Pro Forma Balance Sheet, are referred to as the “Pro Forma Financial Statements.” 
 (c)
The Audited Financial Statements, copies of which have been delivered to Agent and the Purchasers, have been prepared in accordance with GAAP, consistently applied (except for changes in application in which such accountants concur and present
fairly the financial position of KGH and its Subsidiaries at such dates and the results of their operations for such periods (subject to normal year-end audit adjustments and the absence of footnotes)). Since December 31, 2013, there has been
no change in the condition, financial or otherwise, of the Note Parties or their Subsidiaries as shown on the consolidated balance sheet as of such date of KGH and its consolidated Subsidiaries and no change in the aggregate value of machinery,
equipment and Real Property owned by the Note Parties and their respective Subsidiaries, except changes in the Ordinary Course of Business, none of which individually or in the aggregate has been materially adverse. 

5.6. Entity Names. As of the Closing Date, no Note Party has been known by any other name in the past five years and does not sell
Inventory under any other name except as set forth on Schedule 5.6, nor has any Note Party as of the Closing Date been the surviving entity of a merger or consolidation or acquired all or substantially all of the assets of any Person during the
preceding five (5) years except as set forth on Schedule 5.6. 
 5.7. OSHA and Environmental Compliance. 

(a) Except as would not reasonably be expected to have a Material Adverse Effect (i) each of the Note Parties and the Restricted
Subsidiaries has duly complied in all material respects with, and its facilities, business, assets, property, leaseholds, Real Property and Equipment are in compliance in all material respects with, the
provisions of the Federal Occupational Safety and Health Act, the Environmental Protection Act, RCRA and all other Environmental Laws; and (ii) there have been and are no outstanding citations, notices or orders of
non-compliance issued to any of the Note Parties or the Restricted Subsidiaries or relating to any of their businesses, assets, properties, leaseholds or Equipment under any such foregoing laws, rules or regulations. 

(b) Each of the Note Parties and the Restricted Subsidiaries has been issued and has compliedobtained and is in
compliance with all required federal, state and local licenses, certificates or permits relating torequired by all applicable Environmental Laws other than those licenses, certificate or permits the failure to be so
issuedobtained (or the failure to so comply with) would not reasonably be expected to have a Material Adverse Effect. 

(c) Except as could not reasonably be expected to have a Material Adverse Effect; (i) there have been no Hazardous Discharges at, upon,
under or within any Real Property or any Customer Real Property; (ii) there are no underground storage tanks or polychlorinated biphenyls on the Real Property; (iii) the Real Property has never been used as a treatment,
storage or disposal facility of Hazardous Waste; and (iv) no Hazardous Substances are present on 

  
 82 

 
the Real Property including any premises leased by any of the Note Parties or any of the Restricted Subsidiaries, excepting such quantities as are handled in accordance with all applicable
manufacturer’s instructions and Environmental Lawsgovernmental regulations and in proper storage containers and as are reasonably necessary for the operation of the commercial business of any of
the Note Parties or theany of their Restricted Subsidiaries or any of their tenants. 
 5.8. Solvency; No
Litigation, Violation, Indebtedness or Default; ERISA Compliance. 
 (a) AfterAs of the Fourth Amendment Closing
Date, after giving effect to the consummation of the Transactions, including the issuance of the Notes under this Agreement on the Closing Date, Delayed Draw Funding
Date or Incremental Note Closing Date, as applicable, and after giving effect to the application of the proceeds of such Notesborrowing of the loans under the First Lien Term Loan Agreement,
(i) the fair value of the assets of each of the Issuer and its Restricted Subsidiaries, on a stand-alone and consolidated basis, exceeds and will exceed, on a consolidated basis, their debts and
liabilities, subordinated, contingent or otherwise; (ii) the present fair saleable value of the property of each of the Issuer and its Restricted Subsidiaries, on a stand-alone and consolidated basis, is and will be greater than
the amount that will be required to pay the probable liability, on a consolidated basis, of their respective debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become
absolute and matured; (iii) each of the Issuer and its Restricted Subsidiaries, on a stand-alone and consolidated basis, areis and will be able to pay theirits debts and other
liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; and (iv) each of the Issuer and its Restricted Subsidiaries, on a stand-alone and consolidated basis,
areis not engaged in, and areis not about to engage in, business for which they haveit has unreasonably small capital. The; provided that, for purposes of
this Section 5.8(a), the amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability. 

(b) Except as disclosed in Schedule 5.8(b), none of the Note Parties or any of the Restricted Subsidiaries has (i) any pending or
threatened (in writing) litigation, arbitration, actions or proceedings which would reasonably be expected to have a Material Adverse Effect, and (ii) any liabilities or indebtedness for borrowed money other
than the Obligations and other Permitted Indebtedness. 
 (c) None of the Note Parties nor any of the Restricted Subsidiaries is in
violation of any applicable statute, law, rule, regulation or ordinance in any respect which would reasonably be expected to have a Material Adverse Effect, nor are any of the Note Parties or the Restricted Subsidiaries in violation of any order of
any court, Governmental Body or arbitration board or tribunal in any respect which would reasonably be expected to have a Material Adverse Effect. 

(d) Neither the Issuer nor any member of the Controlled Group maintains or is required to contribute to any Pension Benefit Plan,
Multiemployer Plan or self-insured Welfare Plan (as defined in ERISA), other than those listed on Schedule 5.8(d) hereto, (as such Schedule 

  
 83 

 
may be amended and updated from time to time by written notice from the Issuer to Agent and the Purchasers in connection with the delivery of a Compliance Certificate pursuant to
Section 9.7). Except where noncompliance or any liability would not reasonably be expected to haveresult, individually or in the aggregate, in a Material Adverse Effect, (i) each Plan is in compliance with the
applicable provisions of ERISA, the Code and other federal or state laws, (ii) the Issuer and each member of the Controlled Group has met all applicable minimum funding requirements under Section 302 of ERISA and Section 412 of the
Code in respect of each Pension Benefit Plan, and each Pension Benefit Plan is in compliance with Sections 412, 430 and 436 of the Code and Sections 206(g), 302 and 303 of ERISA, without regard to waivers and variances; (iii) each Plan which is
intended to be a qualified plan under Section 401(a) of the Code as currently in effect has been determined by the Internal Revenue ServiceIRS to be qualified under Section 401(a) of the Code and the trust related
thereto is exempt from federal income tax under Section 501(a) of the Code; (iv) neither the Issuer nor any member of the Controlled Group has incurred any liability to the PBGC other than for the payment of premiums, and there are no
premium payments which have become due which are unpaid and which would reasonably be expected to have a Material Adverse Effect;; (v) no Pension
Benefit Plan has been terminated by the plan administrator thereof nor by the PBGC, and there is no occurrence which would cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Benefit Plan; (vi) neither the
Issuer nor any member of the Controlled Group has breached any of the responsibilities, obligations or duties imposed on it by ERISA with respect to any Plan and which would reasonably be expected to have a
Material Adverse Effect; (vii) neither the Issuer nor any member of a Controlled Group has incurred any liability for any excise tax arising under Section 4971, 4972 or 4980B of the Code, and no fact exists which could give rise
to any such liability; (viii) neither the Issuer nor any member of the Controlled Group nor any fiduciary of, nor any trustee to, any Plan, has engaged in a “prohibited transaction” described in Section 406 of the
ERISA or Section 4975 of the Code nor taken any action which would constitute or result in a Termination Event with respect to any such Plan which is subject to ERISA; (ix) no Termination Event has occurred or could reasonably be
expected to occur; (x) there exists no event described in Section 4043 of ERISA, for which the thirty (30)-day notice period has not been waived; (xi) neither the Issuer nor any member of the Controlled Group has engaged in a
transaction that could be subject to Section 4069 or 4212(c) of ERISA; (xii) neither the Issuer nor any member of the Controlled Group has withdrawn, completely or partially, within the meaning of Section 4203 or 4205 of ERISA, from
any Multiemployer Plan so as to incur liability under the Multiemployer Pension Plan Amendments Act of 1980 and there exists no fact which could reasonably be expected to result in
any such liability under the Multiemployer Pension Plan Amendments Act of 1980; and (xiii) no Plan fiduciary (as defined in Section 3(21) of ERISA) has any liability for breach of fiduciary duty or
for any failure in connection with the administration or investment of the assets of a Plan; and (xiv) there exists no Unfunded Pension Liability with respect to any Pension Benefit Plan. 

5.9. Patents, Trademarks, Copyrights and Licenses. All Registered or material Intellectual Property owned by any Note
Party or any Restricted Subsidiary which are necessary for the operation of any such Note Party’s or such Restricted Subsidiary’s business are set forth on Schedule 5.9
(as such Schedule may be amended and updated from time to time by written notice from the Issuer to Agent and the Purchasers in connection with the delivery of a Compliance Certificate pursuant to Section 9.7). The Note Parties and the
Restricted  

  
 84 

 
Subsidiaries own or have rights or licenses to all Intellectual Property sufficient to conduct the business and operations as currently conducted or proposed to be conducted (as of the Fourth
Amendment Closing Date), except as otherwise would not reasonably be expected to result in a Material Adverse Effect. All material Registered Intellectual Property owned by each Note Party and eachor
any Restricted Subsidiary is, to the knowledge of any Note Party or any Restricted Subsidiary, valid and enforceable. There is no objection to or pending challenge to the validity or enforceability of any such owned
material Registered Intellectual Property, and (other than with respect to pending applications in the ordinary course of prosecution before the United States Patent and Trademark Office or other applicable governmental
authority) or, to the knowledge of any Note Party or Restricted Subsidiary, any licensed material Registered Intellectual Property. NoAs of the Fourth Amendment Closing Date, no Note Party or
any Restricted Subsidiary is aware of any grounds for any such challenge to such owned or licensed Registered Intellectual Property, except as set forth in Schedule 5.9 hereto. Each item of material Intellectual Property
owned by any Note Party or any Restricted Subsidiary consists of original material or property developed by or on behalf of such Note Party or Restricted Subsidiary or was lawfully acquired by such Note Party or
Restricted Subsidiary from the proper and lawful owner thereof, except as otherwise would not reasonably be expected to result in a Material Adverse Effect. Each Note Party and each Restricted Subsidiary has taken commercially reasonable steps to
maintain all owned Intellectual Property and licensed Intellectual Property as to preserve the value thereof from the date of creation or acquisition thereof, except as otherwise would not reasonably be expected to result in a
Material Adverse Effect. With respect to all software used by any Note Party or any Restricted Subsidiary in the operation of any such Note Party’s or any Restricted Subsidiary’s business, as
currently conducted, such Note Party or Restricted Subsidiary owns or possesses valid licenses or other rights to use all such software in all material respects. 

5.10. Licenses and Permits. Except as set forth in Schedule 5.10, each of the Note Parties and the Restricted Subsidiaries (a) is
in compliance with and (b) has procured and is now in possession of, all material licenses or permits required to be procured as of the Fourth Amendment Closing Date by any applicable federal, state or local law, rule or regulation for
the operation of its business in each jurisdiction wherein it is now conducting or proposes to conduct business and where the failure to be in compliance with or procure such licenses or permits would reasonably be expected to have a Material
Adverse Effect. 
 5.11. [RESERVED]. 

5.12. No Burdensome Restrictions. None of the Note Parties nor any of the Restricted Subsidiaries is party to any contract or agreement
the performance of which would reasonably be expected to have a Material Adverse Effect. Each Note Party has heretofore delivered to Agent and the Purchasers true and complete copies of all Material Contracts (or otherwise, to the extent required,
provided a description of such Material Contracts (and any amendments thereto) entered into after the Closing Date in the applicable Narrative Report) to which it or its Restricted Subsidiaries is a party or to which they or any of their properties
is subject. 
 5.13. No Labor Disputes. None of the Note Parties nor any of the Restricted Subsidiaries is involved in any labor
dispute; there are no strikes or walkouts or union 

  
 85 

 
organization of any Note Party’s oremployees nor any of the Restricted Subsidiaries’ employees threatened or in existence and no labor contract is scheduled to
expire during the term of this Agreement, in each case, that would reasonably be expected to have a Material Adverse Effect. 
 5.14.
Margin Regulations. None of the Note Parties nor any of the Restricted Subsidiaries is engaged, nor will itany of them engage, principally or as one of its important activities, in the business of extending credit for
the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to
time hereafter in effect. No part of the proceeds of the sale of any of the Notes will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors. 

5.15. Investment Company Act. None of the Note Parties nor any of the Restricted Subsidiaries is an “investment company”
registered or required to be registered under the Investment Company Act of 1940, as amended, nor is it controlled by such a company. 

5.16. Disclosure. No representation or warranty made by any of the Note Parties or any of the Restricted Subsidiaries in this Agreement
or in any financial statement, report, certificate or any other document furnished in connection herewith or any other Note Document contains any untrue statement of a material fact or omits to state any material fact
necessary to make the statements herein or therein as of the Fourth Amendment Closing Date and when taken as a whole, not misleading in any material respect. There is no fact known to any of the Note Parties or any of the Restricted
Subsidiaries or which reasonably should be known to such Note Party or any such Restricted Subsidiary, as applicable, which such Note Party or such Restricted Subsidiary, as applicable, has not disclosed to Agent or the Purchasers in
writing with respect to the transactions contemplated by this Agreement and the Note Documents which would reasonably be expected to have a Material Adverse Effect. 

5.17. Swaps. The Issuer is not a party to, nor will it be a party to, any swap agreement whereby the Issuer has agreed or will agree to
swap interest rates or currencies unless same provides that damages upon termination following an event of default thereunder are payable on an unlimited “two-way basis” without regard to fault on the part of either party. 

5.18. 5.17. [RESERVED]. 

5.18. Conflicting Agreements. No provision of any mortgage, indenture, contract, agreement, judgment, decree or order
binding on any Note Party or any of their Restricted Subsidiaries or affecting the Collateral conflicts with, or requires any Consent which has not already been obtained to, or would in any way prevent the execution, delivery or
performance of, the terms of this Agreement or the other Note Documents. 
 5.19. Application
of Certain Laws and Regulations. None of the Note Parties, Restricted Subsidiaries or any Affiliate of such Note Parties oror its Restricted Subsidiaries is subject to any laws, statute, rule or
regulation which regulates the incurrence of any Indebtedness, including laws, statutes, rules or regulations relative to common or interstate 

  
 86 

 
carriers or to the sale of electricity, gas, steam, water, telephone, telegraph or other public utility services. 

5.20. Business and Property of Note Parties. Upon and after the Closing Date, the Note Parties and their Restricted Subsidiaries
do not propose toshall solely engage in any business other thanthe business relating to oil field services and related activities and ancillary, supplementary and complementary lines
of business. On the Closing Date, the Note Parties and their Restricted Subsidiaries, taken as a whole, will own all the property and possess all of the rights and Consents necessary for the conduct of the business of the Note Parties and their
Restricted Subsidiaries, taken as a whole, except where such failure would not reasonably be expected to have a Material Adverse Effect. 

5.21. Anti-Terrorism Laws. 

(a) General. None of the Note Parties, Restricted Subsidiaries or any Affiliate of such Note Parties or Restricted Subsidiaries is in
violation of any Anti-Terrorism Law or engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 

(b) Executive Order No. 13224. None of the Note Parties, Restricted Subsidiaries or any Affiliate of such Note Parties or
Restricted Subsidiaries or their respective agents acting or benefiting in any capacity in connection with the sale and purchase of the Notes, the use of proceeds thereof, or the other transactions hereunder, is any of the following (each a
“Blocked Person”): 
 (i) a Person that is listed in the annex to, or is otherwise subject to the provisions of, the
Executive Order No. 13224; 
 (ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the
annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224; 
 (iii) a Person or entity with which any
Purchaser is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; 
 (iv) a Person or entity that
commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive Order No. 13224; 
 (v) a
Person or entity that is named as a “specially designated national” on the most current list published by the U.S. Treasury Department Office of Foreign Asset Control at its official website or any replacement website or other replacement
official publication of such list, or 
 (vi) a Person or entity who is affiliated or associated with a Person or entity listed above. 

  
 87 

 None of the Note Parties or their , Restricted Subsidiaries or any Affiliate
of such Note Party or Restricted Subsidiaries, or any of their respectiveits agents acting in any capacity in connection with the sale or purchase of the Notes, the use of proceeds thereof or other
transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (ii) deals in, or otherwise engages in any transaction relating
to, any property or interests in property blocked pursuant to the Executive Order No. 13224. 
 5.22. Trading with the Enemy.
None of the Note Parties or any of the Restricted Subsidiaries has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act. 

5.23. Federal Securities Laws. Neither As of the Fourth Amendment Closing Date, neither any Note Party nor any
of its Restricted Subsidiaries (a) is required to file periodic reports under the Exchange Act, (b) has any securities registered under the Exchange Act or (c) has filed a registration statement that has not yet become effective under
the Securities Act. 
 5.24. Equity Interests. As of the Closing Date, the authorized and outstanding Equity Interests of each Note
Party and each of the Restricted Subsidiaries is as set forth on Schedule 5.24 hereto. All of the Equity Interests of each Note Party and each of the Restricted Subsidiaries have been duly and validly authorized and issued, are fully paid and
non-assessable and have been sold and delivered to the holders thereof in compliance with, or under valid exemption from, all federal and state laws and the rules and regulations of each Governmental Body governing the sale and delivery of
securities. As of the Closing Date, except for the rights and obligations set forth on Schedule 5.24, there are no subscriptions, warrants, options, calls, commitments, rights or agreement by which any Note Party or any of
the Restricted Subsidiaries, or any of the holders of the Equity Interests issued by any Note Party or any of theits Restricted Subsidiaries, is bound relating to the issuance,
transfer, voting or redemption of shares of its Equity Interests or any pre-emptive rights held by any Person with respect to the Equity Interests of the Note Parties and theany of their respective Restricted Subsidiaries.
Except as set forth on Schedule 5.24, the Note Parties and theany of their respective Restricted Subsidiaries have not issued any securities convertible into or exchangeable for shares of its Equity Interests or any options,
warrants or other rights to acquire such shares or securities convertible into or exchangeable for such shares. 
 5.25. Commercial Tort
Claims. No Note Party is a party to any commercial tort claims exceeding $100,000 (either individually or in the aggregate), except as set forth on Schedule 5.25 hereto (as such Schedule may be amended and updated from time to time by written
notice from the Issuer to Agent and the Purchasers in connection with the delivery of a Compliance Certificate pursuant to Section 9.7). 

5.26. Letter of Credit Rights. No Note Party has any letter of credit rights exceeding $100,000 (either individually or in the
aggregate), except as set forth on Schedule 5.26 hereto (as such Schedule may be amended and updated from time to time by written notice from the Issuer to Agent and the Purchasers in connection with the delivery of a Compliance Certificate pursuant
to Section 9.7). 

  
 88 

 5.27. Material Contracts. As of the Closing Date, Schedule 5.27 sets forth all
Material Contracts of the Note Parties and the Restricted Subsidiaries. All Material Contracts are in full force and effect and, except to the extent such defaults would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect, no defaults currently exist thereunder. 
 5.28. Registration of Securities. Except as set forth on
Schedule 5.28, none of the Note Parties nor any of the Restricted Subsidiaries has entered into any agreement to register its debt or equity securities under the Securities Act. 

5.29. Private Offering. Assuming the accuracy of the representations and warranties of each Purchaser set forth in Article XVII, the
sale of the Notes pursuant to this Agreement is exempt from the registration and prospectus delivery requirements of the Securities Act. Neither the Issuer nor any Person authorized to act on behalf of Issuer has taken nor will take any action that
would subject the transactions contemplated by this Agreement to the registration and prospectus delivery requirements of the Securities Act. 

5.30. Eligibility Requirements. The Notes satisfy the eligibility requirements of Rule 144A(d)(3) as promulgated by the SEC under the
Securities Act, as amended from time to time, and any successor rule or regulation thereof. 
 5.31. SEC Reports. Immediately
following the Transactions, none of Holdings or any of its Subsidiaries will be required to file any reports with the SEC under Section 13 or 15(d) of the Exchange Act. 

VI. AFFIRMATIVE COVENANTS. 
 Each of the
Note Parties and their Restricted Subsidiaries shall, until payment in full of the Obligations and termination of this Agreement: 
 6.1.
[RESERVED] 
 6.2. Conduct of Business and Maintenance of Existence and Assets. (a) Actively conduct and operate its
business according to good business practices and maintain all of its properties necessary in its business (including the Collateral) in good working order and condition in all material respects (reasonable wear and tear excepted and except
as may be disposed of in accordance with the terms of this Agreement), including all licenses, patents, copyrights, design rights, tradenames, trade secrets and trademarks Intellectual Property and any licenses under third-party
Intellectual Property, subject to the terms of any such licenses, and take all commercially reasonable actions necessary to enforce and protect the validity of any intellectual property Intellectual Property right or
other right included in the Collateral, except, in each the case of any such Intellectual Property right, where the failure to do so would not reasonably be expected to have a Material Adverse Effect;
(b) preserve, renew and maintain in full force and effect (i) its legal existence under the laws of the jurisdiction of its organization and (ii) its good standing in the relevant jurisdictions of organization, and
comply in all material respects with the laws and regulations governing the conduct of its business where 

  
 89 

 
the failure to do so would reasonably be expected to have a Material Adverse Effect; and (c) make all such reports and pay all such franchise and other taxes and license
fees and do all such other acts and things as may be lawfully required to maintain its rights, licenses, leases, powers and franchises under the laws of the United States or any political subdivision thereof where the failure to do so would
reasonably be expected to have a Material Adverse Effect.; (d) promptly inform the Agent in writing of the establishment of any ECF Account; (e) maintain each of the individual Fracking Fleets in good operating
condition and repair (including, in the case of idle Fracking Fleets, maintenance in accordance with the Fracking Fleet Preservation Program) in a manner such that each deployed Fracking Fleet shall be, during the period of its deployment, usable in
the ordinary course of business in accordance with Section 5.20 and this Section 6.2, and each idle Fracking Fleet shall be, once prepared for service in accordance with the Fracking Fleet Preservation Program, capable of
deployment and usable in the ordinary course of business in accordance with Section 5.20 and this Section 6.2; and (f) make such Capital Expenditures in accordance with the Fracking Fleet Preservation Program as are necessary to
(x) conduct and operate its business according to good business practices, (y) maintain the Required Aggregate Horsepower Amount with respect to the Fracking Fleets that are either ready for immediate deployment in accordance with the
Fracking Fleet Preservation Program or currently deployed, and (z) satisfy the Minimum Fracking Fleet Requirement. 
 6.3.
Violations. Promptly notify Agent and the Purchasers in writing of any violation of any law, statute, regulation or ordinance of any Governmental Body, or of any agency thereof, applicable to any Note Party which would reasonably be expected
to have a Material Adverse Effect. 
 6.4. [RESERVED]. 

6.4. Separateness. Comply with the following: 

(a) Maintain deposit accounts or accounts, separate from those of any Affiliate (other than a Note Party) of Holdings, with commercial
banking or trust institutions and not commingle its funds with those of Holdings or any such Affiliate (other than a Note Party);  

(b) Act solely in its name and through its duly authorized officers, managers, representatives or agents in the conduct of its
businesses; 
 (c) Conduct in all material respects its business solely in its own name, in a manner not misleading to other Persons
as to its identity (including, without limiting the generality of the foregoing, all oral and written communications (if any), including invoices, purchase orders, and contracts); 

(d) Obtain proper authorization from member(s), director(s), manager(s) and partner(s), as required by its Organization Documents for all
of its actions; and 

  
 90 

 (e) Comply in all material respects with the terms of its Organization Documents. 

6.5. Fixed Charge Coverage Ratio. If at any time during any fiscal quarterFiscal Quarter (the “Subject
Quarter”) a Covenant Trigger Event shall have occurred orand be continuing, cause to be maintained a Fixed Charge Coverage Ratio of not less than 1.00 to 1.00 for the four-fiscal
quarterfour-Fiscal Quarter period ending as of the last day of such Subject Quarter. 
 6.6. [RESERVED]. 

6.7. Payment of Indebtedness. Pay, discharge or otherwise satisfy at or before maturity (subject, where applicable, to specified grace
periods and, in the case of the trade payables, to normal payment practices) all its obligations and liabilities of whatever nature, except when the failure to do so would not reasonably be expected to have a Material Adverse Effect or when the
amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement or other arrangements in favor of the Purchasers. 

6.8. Standards of Financial Statements. Cause all financial statements referred to in Sections 9.5, 9.6, 9.7, 9.8, 9.9,
9.10, 9.11, and 9.12 as to which GAAP is applicable to be complete and correct in all material respects (subject, in the case of interim financial statements, to normal year-end audit adjustments and the absence of footnotes) and to be prepared
in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein (except as concurred in by such reporting accountants or officer, as the case may be, and disclosed therein). 

6.9. Federal Securities Laws. Promptly notify Agent and the Purchasers in writing if any Note Party or any of its Subsidiaries
(a) is required to file periodic reports under the Exchange Act, (b) registers any securities under the Exchange Act or (c) files a registration statement under the Securities Act. 

6.10. Additional Guarantors; Further Assurances.  

(a) Holdings will, and will cause each of its Restricted Subsidiaries (including, for the avoidance of doubt, each new direct
or indirect Subsidiary formed or acquired by any Note Party (other than any Excluded Subsidiary)) to, grant to the Agent for the benefit of the Purchasers security interests and Mortgages in such assets and
Real Property with a fair market value exceeding $1,000,000 of Holdings and such Restricted Subsidiaries as are not covered by the original Pledge Agreement, Mortgages or control agreements (collectively, the “Additional Security
Documents”). All such security interests and Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Required Purchasers and the Agent and shall constitute valid and enforceable
perfected security interests, hypothecations and Mortgages superior to and prior to the rights of all third Persons and enforceable against third parties and subject to no other Liens except for Permitted Encumbrances. The Additional Security
Documents  

  
 91 

 
or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in
favor of the Agent required to be granted pursuant to the Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall have been paid in full.  

(b) Holdings will, and will cause each of its Restricted Subsidiaries to, at the expense of the Note Parties, make, execute,
endorse, acknowledge, file and/or deliver to the Agent from time to time such confirmatory assignments, conveyances, financing statements, schedules, transfer endorsements, powers of attorney, certificates, real property surveys,
reports, collateral access agreements, landlord waivers, bailee agreements, control agreements and other assurances or instruments and take such further steps relating to the Collateral (other than with respect to Collateral that, in the
aggregate, does not have a fair market value exceeding $1,000,000) as the Required Purchasers may reasonably require, as promptly as practicable (and in any event within thirty (30) calendar days of demand or such longer period as
the Required Purchasers may agree in its reasonable discretion), but subject to the limitations and exceptions set forth in this Agreement and the other Note Documents. Furthermore, Holdings will, and will cause each of its
Restricted Subsidiaries to, deliver to the Agent such opinions of counsel, title insurance policies and other related documents as may be reasonably requested by the Agent to certify and confirm to the Agent that this Section 6.10 has been
complied with, as promptly as practicable (and in any event within thirty (30) calendar days of such request or such longer period as the Agent may agree in its reasonable discretion). Notwithstanding anything to the contrary contained in this
provision, to the extent a Note Party grants a lien on or pledges any assets or properties to the First Lien Term Loan Agent to secure the First Lien Term Loan Debt pursuant to the First Lien Term Loan
Documents, including, Section 8.18 of the First Lien Term Loan Agreement, such Note Party shall also grant a lien on or otherwise pledge such assets or properties to the Agent to secure the Obligations hereunder, subject to the
terms of the applicable Intercreditor Agreement.  
 (c) Upon (w) the formation or acquisition of any new direct or indirect
Subsidiary (other than an Excluded Subsidiary) by any Note Party, (x) the designation in accordance with Section 6.11 of any existing direct or indirect Subsidiary as a Restricted Subsidiary (other than an Excluded Subsidiary),
(y) any existing Excluded Subsidiary ceasing to be an Excluded Subsidiary or (z) any Subsidiary of the Issuer being added as a borrower, a guarantor, or otherwise is an obligor under, or has granted a Lien on its assets as credit support
for, the Revolving Credit Facility or the First Lien Term Loan Agreement after the date of this Agreement, then the Issuer shall, as promptly as practicable (and in any event within thirty (30) calendar days or such longer period as
the Agent may agree in its reasonable discretion), cause such Person to become a Guarantor of the Notes and comply with the provisions of Article IV regarding the grant of security interests in its assets constituting Collateral by executing a
supplement to this Agreement and to those Note Documents in the form attached hereto as Exhibit 6.10 (an “Additional Guarantor Supplement”), executing a Pledge Agreement in favor of Agent in respect
of any Equity Interests held by it that will constitute Pledged Equity and, unless otherwise waived by the Required Purchasers, the Issuer 

  
 92 

 
will cause its counsel to simultaneously with the delivery of such supplement and such Guaranty deliver an Opinion of Counsel as to the enforceabilityopinion of counsel,
subject to customary exceptions, with respect to, among other matters, the enforceability of such supplement to this Agreement and to suchthe other Note Documents in form and substance reasonably satisfactory to the
Required Purchasers on the date on which it was added. At any time or from time to time upon the reasonable request of the Required Purchasers or Agent, Holdings, the Issuer and each other Guarantor will, at its
expense, promptly (and in any event within thirty (30) calendar days of such request or such longer period as the Agent may agree in its reasonable discretion) execute, acknowledge and deliver such further documents and do such other
acts and things as the Required Purchasers may reasonably request in order to ensure that the Obligations under this Agreement and the Notes are guaranteed by the Guarantors and that the Liens created hereunder and under the other Note Documents
continue to constitute valid and perfected second priority perfected security interests (or, so long as the Revolving Credit Facility has not been terminated, in the case ofwith respect to the
Revolving Credit Priority Collateral, valid and perfected third priority perfected security interests) in the Collateral. 

6.11. Designation of Subsidiaries. The Board of Directors may, at any time designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided, that immediately before and after such designation, (i) no Default or Event of Default shall have occurred and be continuing and (ii) no Subsidiary may
be designated as an Unrestricted Subsidiary if, after such designation, it would be a “Restricted Subsidiary” for the purpose of the Revolving Credit Facility, the First Lien Term Loan Agreement or any Subordinated Indebtedness. For
purposes of Section 7.4 hereof, the designation of any Subsidiary as an Unrestricted Subsidiary after the Closing Date shall be deemed to be an acquisition by the Issuer of the Equity Interests of such Unrestricted Subsidiary at the date of
designation for a purchase price and investments equal to (x) if such Restricted Subsidiary is being acquired by a Note Party on such date of designation, the total aggregate value of all consideration (including all Earnouts) paid by such Note
Party for such acquisition and (y) in all other cases, the fair market value of the assets of such Restricted Subsidiary at such date of designation. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the
incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time and, for purposes of Section 7.4, a return on any investment by the Issuer in Unrestricted Subsidiaries equal to the fair market value
of the assets of such Subsidiary at such date of designation. Notwithstanding the foregoing, any Unrestricted Subsidiary that has been re-designated a Restricted Subsidiary may not be subsequently re-designated as an Unrestricted Subsidiary. 

6.12. Use of Proceeds. Use the proceeds of the Notes, whether directly or indirectly, in a manner consistent with the uses set forth in
Section 2.6 of this Agreement, including for working capital needs, the Refinancing, Permitted Acquisitions and the making of Permitted Investments. 

6.13. USA PATRIOT Act Information. Provide to the Agent and Purchasers all documentation and other information about the Note Parties
required under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, that has been requested by the Agent or any of the Purchasers. 

  
 93 

 6.14. Post-Closing Actions. Complete each of the actions described on Schedule 6.14
as soon as commercially reasonable and by no later than the date set forth in Schedule 6.14 with respect to such action or such later date as the Required Purchasers may reasonably agree. 

6.15. Fourth Amendment Post-Closing Actions. The Notes Parties shall use commercially reasonable efforts to cause all of the
actions described in Section 4.14 to be completed with respect to the Specified Assets constituting not less than 90% of the aggregate OLV of all Specified Assets within ninety (90) days (and in any event not to exceed 120 days (or such
longer period if consented to by the Required Purchasers in their reasonable discretion)) of the Fourth Amendment Effective Date (the “Applicable Filing Deadline”); provided that, the Note Parties shall be entitled to a
day-for-day extension of the Applicable Filing Deadline upon the occurrence and during the continuation of a Force Majeure Event; provided further that, the Note Parties shall only be entitled to such day-for-day extension for such Force Majeure
Event if the Note Parties are diligently and in good faith working expeditiously to mitigate, resolve or work-around such Force Majeure Event. For the avoidance of doubt, notwithstanding anything in this Agreement or any other Note Document to the
contrary, it is understood and agreed that no Note Party nor any of its Subsidiaries shall be required to take any action with respect the validity, perfection, enforceability or priority of Agent’s security interest in and/or Lien on the
Specified Assets prior to the Applicable Filing Deadline except as otherwise required pursuant to this Section 6.15. 
 VII. NEGATIVE COVENANTS.

 No Note Party shall, nor shall they permit any of the Restricted Subsidiaries to, directly or indirectly, until satisfaction in full
of the Obligations (other than unasserted contingent indemnification obligations) and termination of this Agreement: 
 7.1. Merger,
Consolidation, Acquisition and Sale of Assets. 
 (a) Enter into any merger, consolidation, liquidation, dissolution or other
reorganization with or into any other Person or acquire all or a substantial portion of the assets or Equity Interests of any Person; permit any other Person to consolidate or merge with or liquidate or dissolve into it or sell, lease, transfer or
otherwise dispose of all of or a substantial portion of all of its assets to or in favor of any Person, provided, however that (i) any Restricted Subsidiary Note Party (other than Holdings) may merge, amalgamate
or consolidate with (x) the Issuer (including a merger, the purpose of which is to reorganize the Issuer into a new jurisdiction); provided that (a) the Issuer shall be the
continuing or surviving Person and (b) the resulting jurisdiction of reorganization is in the United States or (y) one or more other Restricted Subsidiaries; provided that when any Person that is a Note Party (other than the
Issuer or Holdings) is merging, amalgamating or consolidating with a Restricted Subsidiary, a Note Party shall be the continuing or surviving Person unless the resulting investment made in connection with a Note Party
merging, amalgamating or consolidating with a non-Note Party shall otherwise be a Permitted Investment; (ii) (x) any Subsidiary that is a non-Note Party may merge, amalgamate or consolidate with or into any other Subsidiary that is
a non-Note Party, (y) any Subsidiary (other than the Issuer) may liquidate or dissolve and (z) the Issuer or any Note  

  
 94 

 
Party or Subsidiary may change its legal form ifand, with respect to clauses (ii)(y) and (ii)(z), the Issuer determines in good faith that such action
is in the best interest of the Issuer and its Subsidiaries and if not materially disadvantageous to the Purchasers (it being understood that in the case of any change in legal form, the Issuer will remain the Issuer and a Subsidiary that is a
Guarantor will remain a Guarantor unless such Guarantor is otherwise permitted to cease being a Guarantor hereunder and shall be organized in a jurisdiction in the United States); (iii) any Restricted Subsidiary may dispose of all or
substantially all of its assets (upon voluntary liquidation or otherwise) to the Issuer or to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Note Party, then (x) the transferee must be a Note
Party or (y) to the extent constituting an investment, such investment must be a Permitted Investmentpermitted investment pursuant to Section 7.4, so long as (A) no other provision of this Agreement would be
violated thereby, (B) such Note Party gives Agent and the Purchasers at least five (5) Business Days’ prior written notice of such merger or consolidationtransaction, (C) no Event of Default
shall have occurred and be continuing either before or after giving effect to such transaction, and (D) Agent’s and Purchasers’ rights in any Collateral, including, without limitation, the existence, perfection and priority of any
Lien thereon, are not adversely affected by such merger or consolidationtransaction; and (iv) so long as no Event of Default has occurred and is continuing or would result therefrom, a merger, consolidation,
amalgamation, dissolution, liquidation, consolidation or sale or acquisition of assets, between the target and the Issuer, the purpose of which is to effect a Permitted Acquisition, an investment not prohibited by Section 7.4
or an acquisition of a substantial portion of the assets of any Person to the extent funded by capital contributions received by Holdings. 

(b) Sell, lease, transfer or otherwise dispose of any of its properties or assets, except (i) the sale of Inventory in the Ordinary
Course of Business, (ii) the disposition of assets from any Note Party or Restricted Subsidiary to the Issuer or any Subsidiary Guarantor, (iii) the disposition or transfer of obsolete and worn-out Equipment in the Ordinary Course of
Business, (iv) (x) non-exclusive licenses or sublicenses of Intellectual Property granted to any other Person in the Ordinary Course of Business (and any extension or renewal thereof), and (y) non-material
Intellectual Property, including allowing Registered Intellectual Property to lapse or be abandoned, that are no longer used or useful in the business of any Note Party or Restricted Subsidiary, (v) leasing or subleasing assets in
the Ordinary Course of Business, (vi) subject to at least five (5) Business Days’ written notice of such Sale-Leaseback Transaction to Agent and the Purchasers, the disposition of Equipment in connection with a Sale-Leaseback
Transaction to the extent the Attributable Indebtedness incurred in connection with such Sale-Leaseback Transaction is permitted pursuant to clause (b) of the defined term “Permitted Indebtedness”,
(vvii) any other dispositions or transfers (other than sales, dispositions or transfers of Receivables) during any fiscal year not to exceed $1,000,000, (vi) ;
provided, that the aggregate amount of such dispositions or transfers shall not exceed $3,000,000 in the aggregate since the Fourth Amendment Closing Date and the proceeds of any such dispositions or
transfers (x) in the case of all assets (other than as provided in clause (y) of this proviso)) shall be applied to the repayment of either the First Lien Term Loan Debt or the Obligations, as applicable, or to purchase assets related to
the Fracking Fleet or the Commercial Agreements and (y) in the case of Revolving Credit Priority Collateral (as defined in the Intercreditor Agreement) while the Revolving Credit Facility is outstanding, shall be applied in
accordance with the Revolving Credit Documents and the Intercreditor 

  
 95 

 
Agreement, (viii) dispositions of Receivables, but only to the extent of a compromise, adjustment, write down or collection thereof or acceptance of any return of merchandise in
connection therewith or the granting of any material discount, allowance or credits thereon, in each case, in the Ordinary Course of Business, or in connection with the bankruptcy or reorganization of the applicable Customer and dispositions of any
securities received in any such bankruptcy or reorganization, (viiix) the use or transfer of cash or Cash Equivalents in a manner that is not prohibited by this Agreement, (viiix) the making
of an investment that is permitted to be made pursuant to Section 7.4, (ixxi) the making of a distribution in accordance with Section 7.7, and (xxii) dispositions of assets acquired
pursuant to a Permitted Acquisition consummated within 12 months of the date of the proposed disposition (the “Subject Permitted Acquisition”) so long as (i) the proceeds of any such disposition of assets are used to prepay
either the First Lien Term Loan Debt in accordance with Section 5.02(d) of the First Lien Term Loan Agreement or the Notes in accordance with Section 2.5(a) hereof (without an option for reinvestment pursuant to
Section 2.5(b)), (ii) the assets to be so disposed are not necessary or economically desirable in connection with the business of the Note Parties thereof and either (x) the fair market value of the assets to be so disposed do not
exceed 25% of the fair market value of the total assets acquired from the Subject Permitted Acquisition or (y) the amount of EBITDA attributable to the assets to be so disposed does not exceed 25% of the total EBITDA attributable to the total
assets acquired in such Subject Permitted Acquisition, and (iii) the assets to be so disposed are readily identifiable as assets acquired pursuant to the Subject Permitted Acquisition; provided, that for any such sale, lease, transfer or
other disposition pursuant to this Section 7.1(b) (except pursuant to clauses (ii), (vi) and (ix) or to the Issuer or a Subsidiary Guarantor) shall be for no less than the fair market value of the applicable property or assets at the
time of such transaction. 
 7.2. Creation of Liens. Create or suffer to exist any Lien or transfer upon or against any of its
property or assets now owned or hereafter acquired, except Permitted Encumbrances. 
 7.3. Guarantees. Become liable upon the
obligations or liabilities of any Person by assumption, endorsement or guaranty thereof or otherwise (other than in respect of the Obligations) except (a) as disclosed on Schedule 7.3, (b) guarantees of Indebtedness permitted under clause
(e) of the definition of “Permitted Indebtedness”, (c) transactions permitted pursuant to Section 7.4 or 7.5 and Permitted Intercompany Investments and, (d) the endorsement of checks in
the Ordinary Course of Business, (e) any Keane Completions Lease Guaranty and any other guaranty of real property lease obligations of any Restricted Subsidiary up to an aggregate amount, as to such Keane Completions Lease
Guaranty and other guaranties, not to exceed $3,000,000 and (f) any guaranty or other contingent obligation (other than any guaranty of Indebtedness) to the extent a third party requires Holdings or any Restricted Subsidiary to provide such
guarantee and the underlying obligations are otherwise permitted under the terms of this Agreement. For all purposes of this Agreement, the amount of any assumption, endorsement or guarantee shall be deemed to be an amount equal to the
stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such assumption, endorsement or guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect
thereof as determined in good faith by the Person assuming, or otherwise endorsing or guaranteeing such obligation. 

  
 96 

 7.4. Investments. Purchase or acquire obligations or Equity Interests of, or any other
interest in, any Person, except (a) readily marketable obligations issued or directly and fully guaranteed or insured by the government or any agency or instrumentality of the United States having average maturities of not more than one year
from the date of acquisition thereof; provided that the full faith and credit of the United States is pledged in support thereof, (b) commercial paper and variable or fixed rate notes issued by a commercial bank that is organized under
the laws of the United States, any state thereof, the District of Columbia or any member nation of the Organization for Economic Cooperation and Development or is the principal banking Subsidiary of a bank holding company organized under the laws of
the United States, any state thereof, the District of Columbia or any member nation of the Organization for Economic Cooperation and Development and is a member of the Federal Reserve System, and either (i) has combined capital and surplus of
at least $500,000,000 or (ii) issues debt obligations, or is the Subsidiary of a holding company which issues debt obligations, that are rated not less than A (or the equivalent rating) by a nationally recognized investment rating agency (any
such commercial bank, an “Approved Bank”) (or by the parent company thereof) or any variable or fixed rate note issued by, or guaranteed by, a corporation (other than structured investment vehicles and other than corporations used
in structured financing transactions) rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s, in each case with average maturities of not more than 180 days from the date of
acquisition thereof, (c) time deposits or eurodollar time deposits with insured certificates of deposit, bankers’ acceptances or overnight bank deposits of, or letters of credit issued by an Approved Bank, in each case with maturities not
exceeding 180 days from the date of acquisition thereof, (d) U.S. money market funds that invest solely in obligations set forth above in Section 7.4clauses (a), (b) and (c), (e) Permitted
Investments, (f) advances, loans or extensions of credit permitted under Section 7.5 and assumptions, endorsements and guarantees permitted under Section 7.3, and (g) so long as no Event of Default has occurred and is
continuing or would result therefrom, the purchase or acquisition of obligations or Equity Interests of, or any other interest in, any Person (together with any Permitted Acquisitions accounted for as investments pursuant to this clause (g)) in
an aggregate amount not to exceed (x) $5,000,000 in the aggregate since the Fourth Amendment Closing Date (less the amount of any advances, loans or extensions of credit made in reliance on the dollar amount set forth in
Section 7.5(e)(x)) plus (y) the Cumulative Credit at such time (provided, that no Event of Default has occurred and is continuing or would result therefrom).

 7.5. Loans. Make advances, loans or extensions of credit to any Person, including any Parent, Subsidiary or Affiliate
thereof except with respect to (a) the extension of commercial trade credit in connection with the sale of Inventory or the provision of services in the Ordinary Course of Business, (b) loans to employees in the Ordinary
Course of Business not to exceed the aggregate amount of $1,000,000 at any time outstanding, (c) Permitted Intercompany Investments, (d) advances, loans or extensions of credit permitted under Section 7.4 and (e) advances, loans
or extensions of credit in an aggregate amount not to exceed (x) $5,000,000 (less the amount of any investments made in reliance on the dollar amount set forth in Section 7.4(g)(x)) plus (y) the Cumulative Credit at such
time (provided, that no Event of Default has occurred and is continuing or would result therefrom). 
 7.6. [RESERVED].
 

  
 97 

 7.6. Subsidiaries and Joint Ventures. Own or create directly or indirectly any Restricted
Subsidiaries other than (a) any Restricted Subsidiary in existence on the Fourth Amendment Closing Date and (b) any Domestic Subsidiary formed or acquired after the Fourth Amendment Closing Date that, to the extent not an Excluded
Subsidiary, has become a Subsidiary Guarantor by delivering to the Agent a joinder hereto in form and substance reasonably satisfactory to the Agent. Except for joint ventures in existence on the Fourth Amendment Closing Date, no Note Party shall be
or agree to be, nor shall any Note Party permit any of its Restricted Subsidiaries to be or agree to be, a joint venture. 
 7.7.
Distributions. Pay or make any distribution in respect of any Equity Interest of any Note Party Holdings or any of theits Restricted Subsidiaries or apply any of its funds, property or
assets to the purchase, redemption or other retirement of any Equity Interest, or of any options to purchase or acquire any such Equity Interest of any Note Party or any Restricted Subsidiary except that the Note Parties and
theHoldings or any of its Restricted Subsidiaries shall be permitted to make distributionsexcept: (A) to the extent and in accordance with the terms and conditions set forth in clauses (i) through
(ivvi) below and (B) so long as a notice of termination with regard to this Agreement shall not be outstanding and no Event of Default shall have occurred and be continuing or would occur after
giving pro forma effect to the distribution or payment described in this clause (B), and subject to written certification provided to the Agent and the Purchasers as to the purpose and amount of such distribution
or payment (such certification to be provided in the Compliance Certificate delivered pursuant to Section 9.7 hereof9.8), to its members or partners (as applicable), in an aggregate amount equal to the Increased
Tax Burden of its members or partners (as applicable), so long as (a) a notice of termination with regard to this Agreement shall not be outstanding,
(b) no Event of Default shall have occurred and be continuing or would occur after giving pro forma effect to such payment(s), and (c) the purpose for such purchase, redemption or distribution shall be as
set forth in writing to Agent and the Purchasers at least ten (10) days within the occurrence of such purchase, redemption or distribution and such purchase, redemption or distribution shall in fact be used for such purpose. Payments to members
or partners (as applicable) shall be made so as to be available when the tax is due, including in respect of estimated tax payments. In the event (x) the actual distribution to members or partners (as applicable), made pursuant to this
Section 7.7 exceeds the actual income tax liability of any of such members or partners, whether direct or indirect (as applicable), due to such Note Party’s or Restricted Subsidiary’s status as a limited liability company or
partnership (as applicable) or (y) if such Person was a subchapter C corporation, such Person would be entitled to a refund of income taxes previously paid as a result of a tax loss during a year in which such Person is a limited partnership or
limited liability company (as applicable), then the members or partners (as applicable) shall repay such Person the amount of such excess or refund, as the case may be, no later than the date the annual tax return
must be filed by such Person (without giving effect to any filing extensions). In the event such amounts are not repaid in a timely manner by any member or partners (as applicable), then such Note Party or Restricted Subsidiary, as applicable, shall
not pay or make any distribution with respect to, or purchase, redeem or retire, any membership interest or partnership interest (as applicable) of such Person held or controlled by, directly or indirectly, such member or partner (as applicable),
until such payment has been made;amount sufficient to enable the direct and indirect members of KGH to pay projected tax liabilities attributable to allocations of taxable income by KGH to them (“Tax Distributions”) using an
assumed tax rate equal to 

  
 98 

 
the highest effective marginal combined U.S. federal, state, and local income tax rate prescribed for an individual resident in New York, New York (the “Assumed Tax Rate”); provided
that (i) Tax Distributions from and after the Fourth Amendment Closing Date will be calculated based on the taxable income of KGH from such Fourth Amendment Closing Date, and in the case of Tax Distributions with
respect to taxable years after the taxable year that includes such Fourth Amendment Closing Date (the “Closing Date Year”), shall take into account allocations of taxable losses with respect to the Closing Date Year and later
taxable years such that Tax Distributions shall be required only to the extent aggregate allocations of taxable income from and after the Closing Date Year (with respect to which Tax Distributions have not been made) exceed such aggregate
allocations of taxable losses; (ii) Tax Distributions shall be paid not more than ten (10) days prior to April 15, June 15, September 15 and December 15 of each year based upon the determination by the tax
matters partner of KGH of the amount equal to (x) the product of (A) the amount of taxable income allocated to each member of KGH for the period beginning in January of each such year and ending on
March 31, May 31, August 31 and December 31 as if each such period were a taxable year and (B) the Assumed Tax Rate (such product, the “Baseline Tax Distribution Methodology”) minus
(y) Tax Distributions previously made by the Company with respect to any prior period within the same taxable year; provided that if taxable income is not allocated to the Class A Members of KGH pro rata in accordance with the number of
Class A Units held by each Class A Member of KGH, then (i) KGH shall determine the Class A Member who has the greatest tax liability on a per-Class A Unit basis determined assuming such Class A Member is subject to tax
at the Assumed Tax Rate with respect to the taxable income allocated to such Class A Member by KGH (the “High Tax Member”), (ii) Holdings shall make Tax Distributions to KGH in an amount sufficient to allow the High Tax Member to
pay his tax liability as so calculated and (iii) Holdings shall make Tax Distributions to KGH in an amount equal, on a per-Class A Unit basis, to the Tax Distribution received by the High-Tax Member (the “Class A Member
Tax Distribution Methodology”); provided further that the Tax Distribution shall be calculated on the basis of the Baseline Tax Distribution Methodology and not the Class A Member Tax Distribution Methodology once the aggregate amount of
Tax Distributions made in respect of the Class A Members calculated on the basis of the Class A Member Tax Distribution Methodology exceeds the aggregate amount of Tax Distributions that would have been distributed in respect of the
Class A Members had such Tax Distributions been calculated on the basis of the Baseline Tax Distribution Methodology by $15,000,000 (provided that, in the event the cumulative EBITDA for the relevant Fiscal Years exceeds
$906,000,000, such $15,000,000 shall be increased proportionally). The Compliance Certificate shall, inter alia, include the calculation of the Tax Distributions for the Class A Members on the basis of the Class A Member Tax Distribution
Methodology and the Baseline Tax Distribution Methodology and shall set forth the aggregate amount by which the amount of Tax Distributions made in respect of the Class A Members calculated on the basis of the Class A Member
Tax Distribution Methodology exceeds the aggregate amount of Tax Distributions that would have been distributed in respect of the Class A Members had such Tax Distributions been calculated on the basis of the Baseline Tax Distribution
Methodology. For purposes of this Section 7.7, “Class A Units” and “Class A Member” have the meanings ascribed to those terms in 

  
 99 

 
the Third Amended and Restated Limited Liability Company Agreement of Keane Group Holdings LLC, dated as of the Fourth Amendment Closing Date, as in effect on the date hereof.
To the extent that it shall be determined that the amount of any Tax Distributions have been underpaid or overpaid for any period (whether as a result of audit or other adjustments to KGH’s taxable income or otherwise), Holdings
will adjust future Tax Distributions to take into account such overpayment or underpayment; provided that if it is determined that a Tax Distribution was overpaid by $5,000,000 or more, the direct or indirect members of KGH will each repay to KGH
their shares of such Tax Distribution, and KGH shall repay any amount so received to Holdings: 
 (i) each Restricted Subsidiary of the
Issuer may pay dividends and distributions to the Issuer and the other Restricted Subsidiaries of the Issuer (and in the case of a dividend or distribution by a non-wholly owned Restricted Subsidiary, to the Issuer and any other Restricted
Subsidiary and to each other owner of Equity Interests of such non-wholly owned Restricted Subsidiary based upon their relative ownership interests of the relevant class of Equity Interests); 

(ii) so long as no Event of Default has occurred and is continuing or would result therefrom, the IssuerHoldings and
its Restricted Subsidiaries may (or may make dividends and distributions, the proceeds of which may be used by Holdings and/or any direct or indirect Parent to) repurchase, redeem, retire or otherwise acquire for value Equity Interests (including
any stock appreciation rights or profit interests in respect thereof) of Holdings (or its direct or indirect parent), the Issuer or any of its Restricted Subsidiaries from current or former employees, directors or officers, provided that the
aggregate cash payments in respect of such repurchases, redemptions, retirements and acquisitions shall not exceed $5,000,000 in any fiscal year,Fiscal Year; and provided further that at such time, if any, as such aggregate
cash payments made in any fiscal yearFiscal Year exceed $1,000,0002,500,000, then any such additional cash payments made during such fiscal year may be made only if (x) after giving effect to each
such additional cash payment, the Issuer shall be in pro forma compliance with the minimum Fixed Charge Coverage Ratio covenantSection 6.5 (whether or not in effect) set forth in Section 6.5 hereof,
measured as at the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such payment had been made on the first day of such Pro Forma Testing Period, and (y) no later than five (5) Business Days
prior to the making of such payment, the Issuer shall deliver a certificate of the Chief Financial Officer or Controller of the Issuer certifying that the conditions of the preceding clause (x) were satisfied with respect to the making of such
payment; 
 (iii) (a) Holdings and its Restricted Subsidiaries may make non-cash repurchases of Equity Interests of Holdings (or its
direct or indirect Parent), the Issuer or any Restricted Subsidiary deemed to occur upon exercise of stock options or similar equity incentive awards if such Equity Interest represents a portion of the exercise price of such options or similar
equity incentive awards; and, and (b) Holdings and its Restricted Subsidiaries may pay cash, in lieu of the issuance of fractional shares, upon the exercise of options, warrants or upon the conversion or exchange of Equity
Interests of Holdings (or a direct or indirect Parent); 

  
 100 

 (iv) Holdings and its Restricted Subsidiaries may make other distributions to pay customary
fees and reimbursement of reasonable out of pocket costs of, and customary indemnities provided to or on behalf of, Holdings’ (or a direct or indirect Parent’s) directors and officers attributable to the ownership or operations of
the Issuer and its Subsidiaries; and 
 (v) (iv) so long as no Event of Default has
occurred and is continuing or would result therefrom, the Issuer and its Restricted Subsidiaries may make distributions and dividends (the proceeds of which may be used by Holdings and/or any direct or indirect Parent to make
distributions and dividends) in an aggregate amount not to exceed (x) the greater of (1) $5,000,000 and (2) 10% of Adjusted EBITDA for the four fiscal quarter period most recently ended for which financial
statements and a Compliance Certificate have been delivered in accordance with Section 9.6 or Section 9.7 (less the amount of any prepayments, redemptions, purchases, defeasances and other payments in respect of
Subordinated Indebtedness in reliance on the dollar amount set forth in Section 7.16(iv)(x)) plus (y) the Cumulative Credit at such time (provided, that with respect to any dividend or
distribution made out of amounts under clause (a) of the definition of “Cumulative Credit” pursuant to this clause (y), (A) no Event of Default has occurred and is continuing or would result therefrom,
(B) the Issuer shall be in pro forma compliance with the minimum Fixed Charge Coverage Ratio covenant (whether or not in effect) set forth in Section 6.5 hereof measured as of the end
of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such dividend or distribution had occurred on the first day of such Pro Forma Testing
Period, (C) the Issuer shall have a pro forma Leverage Ratio of not greater than 3.50 to 1.00, measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such dividend or distribution had
occurred on the first day of such Pro Forma Testing Period, and (D) satisfaction of the foregoing clauses (A), (B) and (C) shall be evidenced by a certificate from a Chief Financial Officer of the Issuer demonstrating such
satisfaction calculated in reasonable detail); andsince the Fourth Amendment Closing Date; and 
 (vi)
(v) the IssuerHoldings and its Restricted Subsidiaries may make other distributions to Holdings to pay (or for Holdings to make distributions to any direct or indirect Parent to pay) (i) out-of-pocket legal,
accounting and other general corporate overhead out-of-pocket costs incurred in the Ordinary Course of Business attributable to the ownership of the IssuerHoldings and its Subsidiaries in an aggregate amount not to exceed
$2,000,000 in any fiscal yearFiscal Year, (ii) customary fees and reimbursement of reasonable out-of-pocket costs of, and customary indemnities provided to or on behalf of, Holdings’ or any direct or indirect
Parent’s directors and officers attributable to the ownership or operations of the Issuer and its Subsidiaries and (iii) fees and expenses payable to COAC to the extent that the payment of such fees and expenses is permitted pursuant to
Section 7.10(b). 
 7.8. Indebtedness. Create, incur, assume or suffer to exist any Indebtedness (exclusive of trade debt)
except Permitted Indebtedness. 
 7.9. Nature of Business. Substantially change the nature of the business in
which it is presently engagedas described in Section 5.20, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the
Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business. 

  
 101 

 7.10. Transactions with Affiliates. Directly or indirectly, purchase, acquire or lease any
property from, or sell, transfer or lease any property to, or otherwise enter into any transaction or deal with, any Affiliate, including without limitation the payment of any management fees, except (a) transactions which are on an
arm’s-length basis on terms and conditions no less favorable than terms and conditions which would have been obtainable from a Person other than an Affiliate; provided, that the Note Parties and the Restricted Subsidiaries shall disclose
the terms and conditions of each transaction with any Affiliate(s) entered into in reliance on this Section 7.10 on the next Compliance Certificate delivered by the Note Parties and the Restricted Subsidiaries pursuant to Section 9.7
following the date the applicable Note Party or Restricted Subsidiary enters into such transaction, (b) the payment of fees and expenses to COAC (not exceeding $15,000,000 in the aggregate since the Fourth Amendment Closing Date) in
connection with the providing of advisory services in an aggregate amount not to exceed $2,000,000 in any fiscal year, so long as such services and fees and expenses paid by any Note Party in
respect thereof, are substantially comparable to the services, and the fees and expenses in respect of such services, that the Note Parties could be expected to receive and pay, as applicable, from a third party providing substantially similar
services, (c) entering into employment and severance arrangements, in the Ordinary Course of Business between any Note Party orHoldings or any of its Restricted Subsidiary and
itsSubsidiaries and such Person’s respective officers andor employees, (d) the payment of customary fees and reimbursement of reasonable out-of-pocket costs of, and customary indemnities provided to
or on behalf of directors, officers, non-Affiliated consultants and employees of the Note Parties and theHoldings and its Restricted Subsidiaries in the Ordinary Course of Business, (e) transactions
permitted by SectionSections 7.1, 7.3, 7.4, 7.5 or 7.7 or, including any Permitted Intercompany Investment, (f) Qualifiedcapital contributions made to Holdings,
(g) Subordinated Indebtedness advanced by and owing to KGH toby any one or more Note Parties from time to time, and payment in respect thereof from any one or more Note
Parties to KGH in accordance with the terms of the Subordinated Loan Documentation for such Qualified Subordinated Indebtedness (to the extent such Subordinated Loan Documentation complies with the requirements of clause (c) of
the definition of “Permitted Indebtedness”), all as and to the extent permitted by SectionSections 7.8, and (g7.20(b) hereof (if applicable),
(h) transactions between or among the Note Parties. and between or among non-Note Parties that, in each case, are otherwise expressly permitted hereunder, (i) transactions with an Affiliate where the only
consideration paid by the Note Parties or any Restricted Subsidiary is Equity Interests in, or cash funded by equity contributions by, the direct or indirect Parent of Holdings, (j) transactions with or between
Affiliates to the extent expressly contemplated by the Trican Acquisition Documents (as in effect on the Fourth Amendment Closing Date but, in the case of the Intellectual Property Agreements, Services Agreement and Transition Services Agreement (as
such terms are defined in the Trican Asset Purchase Agreement), subject to modification after the Fourth Amendment Closing Date to the extent such modification results from amendments, updates or replacements of the schedules thereto, so long as
such modifications do not result, individually or in the aggregate, in a material increase in the payment obligations of the Issuer and its Restricted Subsidiaries relative to any modifications to the changes in service or in a
material decrease in the assets being  

  
 102 

 
transferred to, or services being performed on behalf of, the Issuer and its Restricted Subsidiaries relative to any modifications to the changes in payment obligations) and
(k) transactions with or between Affiliates to the extent approved in writing (by electronic mail or otherwise) by the Agent on the Fourth Amendment Closing Date. 

7.11. [RESERVED].  

7.11. Amendment to Commercial Agreements. Without the consent of the Required Purchasers (not to be unreasonably withheld, delayed or
conditioned) terminate, amend, modify or waive any term or provision of the Commercial Agreements in a manner materially adverse to the interests of the Purchasers unless required by Law. 

7.12. Fiscal Year and Accounting Changes. Change its fiscal year Change its Fiscal Year from a year ending on
December 31st or make any significant change (a) in accounting treatment and reporting practices except as required by GAAP or (b) in tax reporting treatment except as required by law. 

7.13. [RESERVED]. 

7.14. Amendment of OrganizationalOrganization Documents; Material Indebtedness. 

(a) Without the consent of the Required Purchasers (such consent, in any case, not to be unreasonably withheld, delayed or conditioned),
terminate, amend, modify or waive any term or provision of its certificate of partnership, limited partnership agreement, certificate of formation, operating agreement or other organizational documentsOrganization
Documents in a manner materially adverse to the interests of the Purchasers unless required by law. 
 (b) Without the consent of the
Required Purchasers (such consent, in any case, not to be unreasonably withheld, delayed or conditioned), terminate, amend, modify, change or waive any term or condition in any manner materially adverse to the interests
of the Purchasers of any documentation in respect of any Indebtedness (other than pursuant to the First Lien Term Loan Documents and the Revolving Credit Documents) having an aggregate outstanding principal amount in excess of
the Threshold Amount. 
 (c) Without the consent of the Required Purchasers, (such consent, in any case, not to be unreasonably withheld,
delayed or conditioned) and notwithstanding anything to the contrary in the Intercreditor Agreements, terminate, amend, supplement, modify, change or waive any term or condition of any documentation (including theFirst
Lien Term Loan Document or Revolving Credit Agreement) related to the Revolving Credit Facility in any manner Document or any Permitted Secured Debt Refinancing (x) in the event that
such termination, amendment, supplement, modification, change or waiver would contravene the provisions of the applicable Intercreditor Agreements or this Agreement or (y) in the event that such termination, amendment, supplement,
modification, change or waiver is materially adverse to the interests of the Purchasers. 

  
 103 

 (d) , provided that, in no event shall any amendment,
supplement, modification, change or waiver without Without the consent of the Required Purchasers, amend, modify, change or waive any term or condition of(in their sole
discretion) (i) increase any “applicable margin”, “applicable rate” or similar component of the interest rate or the method of computing interest (whether in cash or in kind, and including, without limitation, any letter of
credit fee payable to the lenders under the Revolving Credit Documents) or increase any “applicable margin”, “applicable rate” or similar component of the interest rate or the method of computing interest (but excluding the
accrual or payment of interest at the default rate of interest provided for under the Revolving Credit Documents or the First Lien Term Loan Documents (as applicable) on the date hereof) or increase any LIBOR or base rate “floor”
applicable to the Indebtedness under the Revolving Credit Documents or the First Lien Term Loan Documents, each case, by an amount in excess of 300 basis points for all such increases after the Fourth Amendment Closing Date (measured to include any
increases after the Fourth Amendment Closing Date in the form of original issue discount, upfront fees in lieu of interest or similar fees in lieu of interest and other increases after the Fourth Amendment Date that result in an increase in yield,
but specifically excluding (x) any fees of any kind paid under the Revolving Credit Documents or the First Lien Term Loan Documents, in each case, on the Fourth Amendment Closing Date, and (y) reasonable and customary fees paid by the
Issuer in connection with amendments, waivers, increases in commitments or forbearance agreements entered into under the Revolving Credit Documents or the First Lien Term Loan Documents, in each case, after the Fourth Amendment Closing Date),
(ii) modify the amortization schedule under the First Lien Term Loan Agreement or any (iii) amend, supplement, modify, change or waive any mandatory prepayment provisions of any Revolving Credit
Document or First Lien Term Loan Document to the extent such amendment, modification, change or waiver would contravene the provisions of the Intercreditor Agreement. 

7.15. Compliance with ERISA. (i) Engage Except where noncompliance or any liability could not reasonably be
expected to result, individually or in the aggregate, in a Material Adverse Effect, (i) engage, or permit any member of the Controlled Group to engage, in any non-exempt “prohibited transaction,” as that term is defined in
Section 406 of ERISA or Section 4975 of the Code, (ii) terminate, or permit any member of the Controlled Group to terminate, any Plan where such event could result in any liability of the Issuer or any member of the Controlled Group
or the imposition of a lien on the property of the Issuer or any member of the Controlled Group pursuant to Section 4068 of ERISA,; (iii) incur, or permit any member of the Controlled Group to incur, any
withdrawal liability to any Multiemployer Plan and which would reasonably be expected to have a Material Adverse Effect; (iv) fail promptly to notify Agent and the Purchasers of the occurrence of any Termination Event,
(v) fail to comply, or permit a member of the Controlled Group to fail to comply, with the requirements of ERISA or the Code or other Applicable Laws in respect of any Plan and which would reasonably be
expected to have a Material Adverse Effect; or ; (vi) fail to meet, permit any member of the Controlled Group to fail to meet, or permit any Plan to fail to meet, all minimum funding
requirements under ERISA and the Code, without regard to any waivers or variances, or postpone or delay or allow any member of the Controlled Group to postpone or delay any funding requirement with respect to any Plan.; or
(vii) maintain, or permit any member of the 

  
 104 

 
Controlled Group to maintain or become obligated to contribute, or permit any member of the Controlled Group to become obligated to contribute, to any Plan other than those Plans disclosed on
Schedule 5.8(d). 
 7.16. Prepayment of Subordinated Indebtedness; Payments of Qualified Subordinated Indebtedness. At any time,
directly or indirectly, prepay any Subordinated Indebtedness, or repurchase, redeem, retire or otherwise acquire any Subordinated Indebtedness, or make any payment in respect of Qualified Subordinated Indebtedness (other than payments of interest to
the extent paid-in-kind through the addition to the principal amount thereof), except (i) Permitted Refinancings (as such term is defined in clause (d) of the defined term Permitted Indebtedness), (ii) the conversion or exchange of
any Subordinated Indebtedness to Equity Interests (other than Disqualified Equity Interests) of Holdings or any of its direct or indirect Parents, (iii) the prepayment of Indebtedness of the Issuer or any Restricted Subsidiary to the Issuer or
any Restricted Subsidiary, and (iv) prepayments, redemptions, purchases, defeasances and other payments in respect of Subordinated Indebtedness (including cash or non-cash payments in respect of Qualified Subordinated
payments in respect of clause (c) of the definition of Permitted Indebtedness) prior to their scheduled maturity in an aggregate amount not to exceed (x) the greater of (1) $5,000,000
and (2) 10% of Adjusted EBITDA for the four fiscal quarter period most recently ended for which financial statements and a Compliance Certificate have been delivered in accordance with Section 9.6 or Section 9.7
(less the amount of any distributions made in reliance on the dollar amount set forth in Section 7.7(iv)(x)) plus (y) the Cumulative Credit at such time (;
provided, that with respect to any prepayment, redemption, purchase, defeasance or other payment in respect of Subordinated Indebtedness made out of amounts under clause (a) of the definition of “Cumulative Credit”
pursuant to this clause (y), (this sub clause (iv) (A) no Event of Default has occurred and is continuing or would result therefrom, (B) the Issuer shall be in pro forma compliance with the minimum Fixed Charge
Coverage Ratio covenantSection 6.5 (whether or not in effect) set forth in Section 6.5 hereof measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that
such redemption, purchase, defeasance or other payment had occurred on the first day of such Pro Forma Testing Period, (C) the Issuer shall have a pro forma Leverage Ratio of not greater than 3.50 to 1.00, measured as of the end of the
applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such redemption, purchase, defeasance or other payment had occurred on the first day of such Pro Forma Testing Period, and (D) satisfaction of the foregoing
clauses (A), (B) and (C) shall be evidenced by a certificate from a Chief Financial Officer of the Issuer demonstrating such satisfaction calculated in reasonable detail). 

7.17. Burdensome Agreements. None of the Note Parties or the Restricted Subsidiaries shall enter into or permit to exist any agreement
or obligation (other than this Agreement, the other Note Documents, the First Lien Term Loan Documents or the Revolving Credit Agreement) that limits the ability of (a) any Restricted Subsidiary to pay dividends or make distributions to the
Issuer or any of its Restricted Subsidiaries, or (b) any Note Party to create, incur, assume or suffer to exist Liens on any property of such Person for the benefit of the Purchasers with respect to the Obligations or under the Note Documents,
provided that the foregoing clauses (a) and (b) shall not apply to agreements or obligations which: 

  
 105 

 (i) exist on the Closing Date and are listed on Schedule 7.17 to this Agreement and, to
the extent such obligations are set forth in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted modification, replacement, renewal, extension or refinancing of such Indebtedness so long as such
modification, replacement, renewal, extension or refinancing does not expand the scope of such obligation; 
 (ii) are binding on a
Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary of a Note Party, so long as such obligations were not entered into in contemplation of such Person becoming a Restricted Subsidiary of such Note
Party; 
 (iii) are customary restrictions that arise in connection with any Permitted Encumbrance or disposition permitted by
Section 7.1, 
 (iv) are customary provisions in joint venture agreements and other similar agreements applicable to joint ventures
constituting Permitted Investments or otherwise permitted under this Agreement and applicable solely to such joint venture, 
 (v) are
customary restrictions on leases, subleases, licenses, cross-licenses, sublicenses or asset sale agreements otherwise permitted hereby so long as such restrictions relate to the property interest, rights or the assets subject thereto, 

(vi) are customary provisions restricting subletting or assignment of any lease governing a leasehold interest of any of the Note Parties or
the Restricted Subsidiaries, 
 (vii) are customary provisions restricting assignment of any agreement entered into in the Ordinary Course
of Business, 
 (viii) are restrictions on cash or other deposits imposed by customers under contracts entered into in the Ordinary Course
of Business, 
 (ix) comprise restrictions imposed by any agreement governing Indebtedness entered into on or after the Closing Date and
permitted under Section 7.08 that are, taken as a whole, no more restrictive with respect to the Issuer, any Note Party or any Restricted Subsidiary than customary market terms for Indebtedness of such type (and, in any event, are no more
restrictive than the restrictions contained in this Agreement), so long as the Issuer shall have determined in good faith that such restrictions will not affect its obligation or ability to make any payments required hereunder. 

7.18. Anti-Terrorism Laws. None of the Note Parties or the Restricted Subsidiaries shall, until satisfaction in full of the Obligations
and termination of this Agreement, nor shall it permit any Affiliate or agent to: 
 (a) Conduct any business or engage in any transaction
or dealing with any Blocked Person, including the making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person. 

  
 106 

 (b) Deal in, or otherwise engage in any transaction relating to, any property or interests in
property blocked pursuant to the Executive Order No. 13224. 
 (c) Engage in or conspire to engage in any transaction that evades or
avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in the Executive Order No. 13224, the USA PATRIOT Act or any other Anti-Terrorism Law. The Note Parties and the Restricted Subsidiaries
shall deliver to Purchasers any certification or other evidence requested from time to time by any Purchaser in its sole discretion, confirming the Note Parties’ and the Restricted Subsidiaries’ compliance with this Section. 

7.19. Trading with the Enemy Act. Engage in any business or activity in violation of the Trading with the Enemy Act. 

7.20. Permitted Activities. 

(a) With respect to Holdings, (A) engage in any material operating or business activities or own any material assets;
provided that the following and any activities incidental thereto shall be permitted in any event: (i) its ownership of the Equity Interests of the Issuer and activities incidental thereto, including (to the extent otherwise expressly
permitted hereunder) payment of dividends, distributions and other amounts in respect of its Equity Interests, (ii) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to
such maintenance), (iii) the performance of its obligations with respect to the Note Documents, the First Lien Term Loan Documents and the Revolving Credit Documents, (iv) any public offering of its common stock or any other
issuance or sale of its Equity Interests (other than Disqualified Equity Interests), payment of dividends, distributions or other amounts, making contributions to the capital of the Issuer and guaranteeing the obligations of the Issuer,
(v) participating in tax, accounting and other administrative matters as a member of the consolidated group of KGH and the Issuer, (vi) providing indemnification to officers and directors and,
(vii) providing guarantees and incurrence of other contingent obligations to the extent a third party requires any Restricted Subsidiary to provide such guarantees or incur such contingent obligations and the underlying obligations are
otherwise permitted under the terms of this Agreement, (viii) any transaction required in connection with the Trican Acquisition Documents, and (ix) any activities incidental to the foregoing and (B) own
any Equity Interests other than Equity Interests in the Issuer. 

(b) So long as financial statements of KGH and its consolidated Subsidiaries are being provided in lieu of financial statements of the Issuer
and its consolidated Subsidiaries in accordance with Section 9.5, with respect to KGH, (A) engage in any material operating or business activities or own any material assets; provided that the following and any activities incidental
thereto shall be permitted in any event: (i) its ownership of the Equity Interests of Holdings and activities incidental thereto, including payment of dividends, distributions and other amounts in respect of its Equity
Interests,; (ii) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance),; (iii) any public offering of its
common stock or any other issuance or sale of its Equity Interests (other than Disqualified Equity Interests), payment of dividends, distributions or other amounts, making contributions to the capital of
Holdings,; (iv) participating in tax, accounting and other 

  
 107 

 administrative matters as a member of the consolidated group of KGH, Holdings and the
Issuer,; (v) providing indemnification to officers and directors,; (vi) the providing of guarantees in respect of the obligations of Holdings or any of
its Subsidiaries; provided that the aggregate amount of such guaranteed obligations shall not exceed $1,000,000 at any time outstandingand incurring other contingent obligations to the extent a third party requires any Restricted
Subsidiary to provide such guarantees or incur such contingent obligations and the underlying obligations are otherwise permitted under the terms of this Agreement; (vii) the performance of the activities set forth on Schedule
7.20,; (viii) (x) the issuance of that certain Subordinated Promissory Note, dated December 23, 2014 (the “KGH Subordinated Note”), by and among KGH, the lenders
from time to time party thereto (the “KGH Subordinated Lenders”) and KG Fracing Acquisition Corp., as agent for the KGH Subordinated Lenders, in an original principal amount equal to
$20,000,000, plus any accrued interest thereon, and (y) the holding of that certain Subordinated Promissory Note, dated April 7, 2015 (the “Intercompany Subordinated Note” and, together with the
KGH Subordinated Note, the “Keane Subordinated Notes”), issued by KGH Intermediate Holdco II, LLC to KGH for cash, in an original principal amount equal to $20,000,000, plus any accrued interest thereon; provided, that, notwithstanding
anything contained in Section 7.7, none of the Note Parties may make any cash distribution to KGH to fund the payment of any principal, interest, fees or other amounts owing in respect of the Indebtedness evidenced by either of the Keane
Subordinated Notesany transactions required by the Trican Acquisition Documents; and (ix) any activities incidental to the foregoing and (B) own any Equity Interests other than Equity Interests of Holdings.

 7.21. Restrictions on Hedging. Engage in any interest rate, currency, or commodity hedging activity, or become party to
any interest rate, currency or commodity swap agreement, whereby the Issuer or any of its Restricted Subsidiaries has agreed or will agree to swap or otherwise hedge with respect to interest rates, currencies or commodities on a speculative
basis. 
 VIII. CONDITIONS PRECEDENT. 

8.1. Conditions to Initial Purchase. The agreement of the Purchasers to purchase the Term Notes on the Closing Date is subject to the
satisfaction, or waiver by the Purchasers, immediately prior to or concurrently with the purchase of the Term Notes, of the following conditions precedent: 

(a) Agreement and Notes; Revolving Credit Documents. 

(i) The Agent and the Purchasers shall have received duly executed counterparts of this Agreement, and each Purchaser shall have received its
Term Note duly executed and delivered by an authorized officer of the Issuer; provided, that if either PIMCO or the Guggenheim Purchasers notify the Issuer in writing within one (1) Business Day of the Closing Date that the final
allocation of the Term Commitments on the Closing Date among the PIMCO Purchasers or the Guggenheim Purchasers, respectively, has changed, the Issuer shall cause (1) new Term Notes reflecting such final allocation to be issued and delivered to
the PIMCO Purchasers or the Guggenheim Purchasers, as applicable, upon receipt of the original Term Notes issued on the Closing Date and (2) Schedule 1.1 hereto to be updated to reflect such final allocation; and 

  
 108 

 (ii) The Agent and the Purchasers shall have received copies of the Revolving Credit Documents
and the schedules and exhibits thereto, duly executed by the parties thereto, including certification by the Chief Financial Officer of the Issuer that such documents are in full force and effect as of the Closing Date; provided, that such
Revolving Credit Documents shall be in form and substance as reasonably satisfactory to the Purchasers and their legal counsel; 
 (b)
Filings, Registrations and Recordings. The Agent and the Purchasers shall have received copies of all UCC, lien, judgment and litigation searches and each document (including any Uniform Commercial Code financing statement) required by this
Agreement, any related agreement or under law or reasonably requested by Agent or any Purchaser to be filed, registered or recorded in order to create, in favor of Agent for the benefit of the Purchasers, a perfected security interest in or lien
upon the Collateral shall have been properly filed, registered or recorded in each jurisdiction in which the filing, registration or recordation thereof is so required or requested, and Agent shall have received an acknowledgment copy, or other
evidence satisfactory to the Required Purchasers, of each such filing, registration or recordation and satisfactory evidence of the payment of any necessary fee, tax or expense relating thereto; 

(c) Collateral Access Agreements. The Agent and the Purchasers shall have received landlord, mortgagee or warehouseman agreements with
respect to such premises leased by the Note Parties at which Inventory and books and records are located to the extent obtained and in place under the Revolving Credit Facility; 

(d) Pledge and other Note Documents. The Purchasers shall have received the executed other Note Documents, all in form and substance
satisfactory to the Purchasers; 
 (e) Pledged Equity. The Agent shall have received certificates, if any, representing the Pledged
Equity accompanied by undated stock powers executed in blank; 
 (f) Closing Certificate. The Agent and the Purchasers shall have
received a closing certificate signed by the Chief Financial Officer of the Issuer dated as of the date hereof, stating that (i) all representations and warranties set forth in this Agreement and the other Note Documents are true and correct in
all material respects (except to the extent any such representation or warranty is already qualified as to materiality, Material Adverse Effect or similar language, in which case each such representation or warranty (after giving effect to any
qualification therein) shall be true and correct in all respects) on and as of such date with the same effect as though made on and as of such date (it being understood and agreed that any representation or warranty which by its terms expressly
relates to an earlier date shall be required to be true and correct in all material respects as of such earlier date) and (ii) on such date no Default or Event of Default has occurred or is continuing; 

  
 109 

 (g) Solvency Certificate. The Purchasers shall have received a solvency certificate signed
by the Chief Financial Officer of the Issuer (after giving effect to the Transactions) substantially in the form attached hereto as Exhibit 8.1(g). 

(h) Control Agreements. The Agent shall have received duly executed agreements establishing springing control in favor of Agent upon
the termination of the Revolving Credit Facility in any deposit accounts or securities accounts to the extent required pursuant to Section 4.15(i); 

(i) Proceedings of Note Parties. The Purchasers shall have received a copy of the resolutions in form and substance reasonably
satisfactory to the Purchasers, of the Board of Managers, Managing Member, or General Partner (as applicable) of each Note Party authorizing (i) the execution, delivery and performance of this Agreement, the Notes, and all other Note Documents
and (ii) the granting by each Note Party of the security interests in and liens upon the Collateral in each case certified by the senior officer, Managing Member or General Partner (as applicable) of each Note Party as of the Closing Date; and,
such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate; 

(j) Incumbency Certificates of Note Parties. The Agent and the Purchasers shall have received a certificate of the senior officer,
Managing Member or General Partner of each Note Party, dated the Closing Date, as to the incumbency and signature of the senior officer, Managing Member or General Partner of each Note Party, as applicable, executing this Agreement, the other Note
Documents, any certificate or other documents to be delivered by it pursuant hereto, together with evidence of the incumbency of such senior officer, Managing Member or General Partner; 

(k) Certificates. The Purchasers shall have received a copy of the certificate of formation, certification of limited partnership or
certificate of incorporation, as applicable, of each Note Party, and all amendments thereto, certified by the Secretary of State or other appropriate official of its jurisdiction of formation together with copies of the operating agreement, limited
partnership agreement or bylaws, as applicable, of each Note Party and all agreements of each Note Party’s members, partners or board of directors, as applicable, certified as accurate and complete by the senior officer, Managing Member or
General Partner of each Note Party, as applicable; 
 (l) Good Standing Certificates. The Purchasers shall have received good
standing certificates for each Note Party dated not more than 30 days prior to the Closing Date, issued by the Secretary of State or other appropriate official of each Note Party’s jurisdiction of formation and each jurisdiction where the
conduct of each Note Party’s business activities or the ownership of its properties necessitates qualification except, where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect; 

(m) Legal Opinion. The Agent and the Purchasers shall have received the executed legal opinion of (i) Schulte Roth &
Zabel LLP in form and substance reasonably satisfactory to Agent and the Purchasers and (ii) Clark Hill PLC, local Pennsylvania counsel to 

  
 110 

 
the Note Parties in form and substance reasonably satisfactory to Agent and the Purchasers, and each Note Party hereby authorizes and directs each such counsel to deliver such opinions to Agent
and the Purchasers; 
 (n) [RESERVED]. 

(o) Fees and Expenses. The Issuer shall have paid all fees and expenses payable on or prior to the Closing Date under the Commitment
Letter or as specified hereunder, including pursuant to Article III hereof, to the extent invoiced at least two (2) Business Days prior to the Closing Date; 

(p) Pro Forma Financial Statements; Historical Financial Statements. The Purchasers shall have received a copy of (i) the Pro
Forma Financial Statements, (ii) the Audited Financial Statements, and (iii) the financial statements described in Section 9.7 (or the financial statements of KGH (together with the additional information required by
Section 9.5)) for each subsequent fiscal quarterFiscal Quarter ended at least forty-five (45) days prior to the Closing Date, each of which shall be satisfactory in all respects to the Purchasers; 

(q) Insurance. Agent and the Purchasers shall have received in form and substance reasonably satisfactory to Agent and the Purchasers,
certified copies of the Note Parties’ casualty insurance policies and environmental insurance required by this Agreement, together with loss payable endorsements satisfactory to the Required Purchasers naming Agent as loss payee, and certified
copies of the Note Parties’ liability insurance policies required by this Agreement, together with endorsements naming Agent as an additional insured; 

(r) Payment Instructions; Refinancing; Payoff Documents; Remaining Indebtedness. 

(i) The Purchasers shall have received written instructions from the Issuer directing the application of proceeds of the purchase of the Term
Notes made pursuant to this Agreement; 
 (ii) Prior to or substantially concurrently with the purchase and sale of the Term Notes on the
Closing Date, (i) the Revolving Credit Facilities shall have been consummated, (ii) the Refinancing shall have been consummated and (iii) in connection with such Refinancing, the Purchasers shall have received in form and substance
satisfactory to the Purchasers copies of all documentation evidencing the satisfaction of such indebtedness to be paid off and satisfied, the release of all obligors of any monetary obligations thereunder, and in connection with the Existing Credit
Agreement, the termination and release of all liens securing such indebtedness; and 
 (iii) On the Closing Date, after giving effect to
the Refinancing neither the Issuer nor any of its Restricted Subsidiaries shall have any Indebtedness for borrowed money except (i) the Revolving Credit Facility, (ii) the Term Notes and (iii) any Permitted Indebtedness. 

(s) Consents. Agent and the Purchasers shall have received any and all Consents necessary to permit the effectuation of the
transactions contemplated by this 

  
 111 

 
Agreement and the other Note Documents; and, Agent and Purchasers shall have received such Consents and waivers of such third parties as might assert claims with respect to the Collateral, as
Agent, the Purchasers and their counsel shall reasonably deem necessary; 
 (t) No Adverse Material Change. (i) Since
December 31, 2013, there shall not have occurred any event, condition or state of facts which would reasonably be expected to have a Material Adverse Effect; and 

(u) USA PATRIOT Act Information. The Agent and the Purchasers shall have received, at least five (5) days prior to the Closing
Date, all documentation and other information about the Note Parties required under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, that has been requested by the Agent and/or
the Purchasers at least 10 days prior to the Closing Date. 
 (v) CUSIP Number. A CUSIP Number issued by Standard &
Poor’s CUSIP Service Bureau shall have been obtained for the Notes. 
 8.2. Conditions to Delayed Draw Notes Purchase. The
agreement of Purchasers to purchase the Delayed Draw Notes on a Delayed Draw Funding Date is subject to the satisfaction, or waiver by the Purchasers, immediately prior to or concurrently with the purchase of such Delayed Draw Notes, of the
following conditions precedent: 
 (a) Delayed Draw Availability Period. The Delayed Draw Funding Date is during the Delayed Draw
Availability Period. 
 (b) Delayed Draw Notice. The Issuer shall have delivered a Delayed Draw Notice to the Purchasers and Agent at
least fifteen (15) Business Days prior to the proposed Delayed Draw Funding Date. Each Delayed Draw Notice shall be deemed to be a representation and warranty by the Issuer that the conditions specified in Section 8.2 and Section 8.3
have been satisfied on and as of the date of the applicable Delayed Draw Funding Date. 
 (c) Notes. Each Purchaser shall have
received a Delayed Draw Note duly executed and delivered by an authorized officer of the Issuer; and 
 (d) Closing Certificate. The
Purchasers shall have received a closing certificate signed by the Chief Financial Officer of the Issuer dated as of the Delayed Draw Funding Date, stating that (i) all representations and warranties set forth in this Agreement and the other
Note Documents are true and correct in all material respects on and as of such date (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all
material respects only as of such specified date) and (ii) on such date no Default or Event of Default has occurred or is continuing. 

8.3. Conditions to Each Notes Purchase. The agreement of Purchasers to purchase any Notes requested to be purchased on any date
(including the purchase of the Term Notes on the Closing Date, the Delayed Draw Notes on any Delayed Draw Funding Date and Incremental Notes on any Incremental Notes Closing Date), is subject to the satisfaction of the following conditions precedent
as of the date such purchase of Notes is made: 

  
 112 

 (a) Representations and Warranties. Each of the representations and warranties made by any
Note Party in or pursuant to this Agreement, the other Note Documents and any related agreements to which it is a party, and each of the representations and warranties contained in any certificate, document or financial or other statement furnished
at any time under or in connection with this Agreement, the other Note Documents or any related agreement shall be true and correct in all material respects (except to the extent any such representation or warranty is already qualified as to
materiality, Material Adverse Effect or similar language, in which case each such representation or warranty (after giving effect to any qualification therein) shall be true and correct in all respects) on and as of such date (it being understood
and agreed that any representation or warranty which by its terms expressly relates to an earlier date shall be required to be true and correct in all material respects as of such earlier date); and 

(b) No Default. No Event of Default or Default shall have occurred and be continuing on such date, or would exist after giving effect
to the purchase of the Notes requested to be made, on such date. 
 Each request for a purchase of Notes by the Issuer hereunder shall
constitute a representation and warranty by the Issuer as of the date of such issuance of Notes that the conditions contained in this subsection shall have been satisfied. 

8.4. Determination of Conditions Precedent. Notwithstanding anything contained herein to the contrary, in no event shall the Agent be
responsible or liable for determining whether any conditions precedent to the issuance or purchase of any Notes issued or purchased under this Agreement, including without limitation those listed in this Article VIII or
Section 2.7, have been satisfied or complied with. 
 IX. INFORMATION AS TO NOTE PARTIES. 

Each of the Note Parties and the Restricted Subsidiaries shall, or (except with respect to Section 9.11) shall cause Issuer on its behalf
to, until satisfaction in full of the Obligations (other than unasserted contingent indemnification obligations) and the termination of this Agreement: 

9.1. Disclosure of Material Matters. Promptly upon learning thereof, report to Agent and the Purchasers all matters materially
affecting the value, enforceability or collectibility of any portion of the Collateral, including any Note Party’s reclamation or repossession of, or the return to any Note Party of, a material amount of goods or claims or disputes asserted by
any Customer or other obligor. 
 9.2. Environmental Reports Furnish Agent and the Purchasers, concurrently with the delivery of the
financial statements referred to in Sections 9.6 and 9.7, with a certificate signed by the President of the Issuer stating, to the best of his knowledge, that each Note Party and each Restricted Subsidiary is in compliance in all respects with all
federal, state and local Environmental Laws, to the extent set forth in Section 5.7 of this Agreement. If any Note Party or any Restricted Subsidiary is not in such compliance to such extent with the foregoing laws, the certificate shall set
forth with specificity all areas of non-compliance and the proposed action such Note Party or such Restricted Subsidiary will implement in order to achieve such compliance. 

  
 113 

 9.3. Litigation. Promptly notify Agent and the Purchasers in writing of any claim,
litigation, suit or administrative proceeding affecting the Issuer or any Guarantor, or any of the Restricted Subsidiaries, whether or not the claim is covered by insurance, and of any litigation, suit or administrative proceeding, which in any such
case affects a material portion of the Collateral or which would reasonably be expected to have a Material Adverse Effect. 
 9.4.
Material Occurrences; Material Contracts. Promptly notify Agent and the Purchasers in writing upon the occurrence of: (i) any Event of Default; (ii) any event of default under the Revolving Credit
AgreementDocuments or the First Lien Term Loan Documents; (iii) any event of default under any Subordinated Loan Documentation; (iv) any event, development or circumstance whereby any financial statements or
other reports furnished to Agent or the Purchasers fail in any material respect to present fairly, in accordance with GAAP consistently applied, the financial condition or operating results of any of the Note Parties or the Restricted Subsidiaries
as of the date of such statements; (iv) any accumulated retirement plan funding deficiency which, if such deficiency continued for two plan years and was not corrected as provided in Section 4971 of the Code, could subject
any of the Note Parties or the Restricted Subsidiaries to a tax imposed by Section 4971 of the Code; (v) without limiting the generality of clause (a), notice of any Event of Default under
Section 10.11, including the names and addresses of the holders of such Indebtedness with respect to which such Event of Default has occurred, and the amount of such Indebtedness; and (vi) any other development in the business or affairs
of the Issuer or any Guarantor, or any of the Restricted Subsidiaries, which would reasonably be expected to have a Material Adverse Effect; in each case describing the nature thereof and the action the Issuer proposes to take with respect thereto.

 9.5. Parent Financials. Notwithstanding the requirements of Sections 9.6, 9.7 and 9.8, the obligations to deliver the financial
statements of the Issuer and its consolidated Subsidiaries may be satisfied by (A) on and after the Closing Date (and until an election made pursuant to clause (B) below), furnishing the applicable financial statements of KGH and its
consolidated Subsidiaries and (B) to the extent the Issuer has provided at least thirty (30) days’ prior written notice to Agent and the Purchasers as to such change, Holdings and its consolidated Subsidiaries; provided that,
(i) such information is accompanied by unaudited consolidating information that explains in reasonable detail the differences between the information relating to either KGH or Holdings, as applicable, and its consolidated Subsidiaries, on the
one hand, and the information relating to the Issuer and its consolidated Subsidiaries on a standalone basis, on the other hand and (ii) to the extent annual financial statements provided pursuant to this Section 9.5 are in lieu of the
annual financial statements required to be provided under Section 9.6, such annual financial statements are accompanied by a report and opinion of KPMG LLP or any other independent registered public accounting firm of nationally recognized
standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” paragraph or any other like qualification or exception or
any qualification or exception as to the scope of such audit. . 

  
 114 

 9.6. Annual Financial Statements. Furnish the Purchasers with respect to each
fiscal yearFiscal Year, within one hundred and twenty (120) days, in each case, after the end of the fiscal yeareach Fiscal Year of the Issuer, (a) financial
statements of the IssuerHoldings and its Subsidiaries on a consolidated basis including, but not limited to, statements of income and members’ equity and cash flow from the beginning of the current fiscal
yearFiscal Year to the end of such fiscal yearFiscal Year and the balance sheet as at the end of such fiscal yearFiscal Year, setting forth in each case in comparative form the figures
for the previous fiscal yearFiscal Year, all prepared in accordance with GAAP applied on a basis consistent with prior practices, and in reasonable detail, audited and accompanied by a
report and opinion of and reported upon without any “going concern” paragraph or any other like qualification or exception by KPMG LLP or any other independent
registeredcertified public accounting firm of nationally recognized standing, which report and opinion (i) shall be prepared in accordance with generally accepted auditing standards and (ii) shall not be
subject to any “going concern”or like qualification or exception or any qualification or exception as to the scope of such auditselected by the Issuer and
reasonably satisfactory to the Agent (the “Accountants”). The Issuer shall use its commercially reasonable efforts to cause such report of the Accountants to be accompanied by a statement of the Accountants certifying that (i) they
have caused this Agreement to be reviewed, (ii) in making the examination upon which such report was based either no information came to their attention which to their knowledge constituted an Event of Default or a Default under this Agreement
or any related agreement or, if such information came to their attention, specifying any such Default or Event of Default, its nature, when it occurred and whether it is continuing, (b) a Compliance Certificate and (c) a
Narrative Report. 
 9.7. Quarterly Financial Statements. Furnish the Purchasers within (x) sixty (60) days after the
end of the first Fiscal Quarter following the Fourth Amendment Closing Date and (y) forty-five (45) days after the end of each fiscal quartersubsequent Fiscal Quarter, (a) an unaudited balance sheet and
unaudited statements of members equity and cash flow of the IssuerHoldings, in each case on a consolidated basis and an unaudited statement of income of the IssuerHoldings and its Subsidiaries on a
consolidated and consolidating basis reflecting results of operations from the beginning of the fiscal yearFiscal Year to the end of such quarter and for such quarter, setting forth in each case in comparative form the
figures for the corresponding fiscal quarterFiscal Quarter of the previous fiscal yearFiscal Year and the corresponding portion of the previous fiscal yearFiscal Year and
prepared on a basis consistent with prior practices and complete and correct in all material respects, subject to normal and recurring year end adjustments that individually and in the aggregate are not material to the Issuer’s business,
(b) a management’s discussion and analysis in respect of the quarter financial statements described in clause (a) (including comparisons to prior quarters and prior years), (c) a Compliance Certificate and
(cd) a Narrative Report. 
 9.8. Monthly Financial Statements. Furnish the Purchasers within
(x) forty-five (45) days after the end of each of the first full three months following the Fourth Amendment Closing Date and (y) thirty (30) days after the end of each month (other
than for the months of March, June, September and December, which shall be delivered in accordance with Sections 9.7 and 9.8 as applicable),subsequent month an unaudited balance sheet and unaudited statements of
members equity and cash flow of the IssuerHoldings and its Subsidiaries, in each case on a 

  
 115 

 
consolidated basis and an unaudited statement of income of the IssuerHoldings and its Subsidiaries on a consolidated and consolidating basis reflecting results of
operations from the beginning of the fiscal yearFiscal Year to the end of such month and for such month, prepared on a basis consistent with prior practices and complete and correct in all material respects, subject to normal
and recurring year end adjustments that individually and in the aggregate are not material to the Issuer’s business. The reports shall include (i) an account statement (and any related information) in respect of each ECF Account and
(ii) a Fracking Fleet Maintenance Report for the applicable period. Such report shall be accompanied by a Compliance Certificate of a Responsible Officer of the Issuer (which Compliance Certificate shall certify the foregoing
matters). 
 9.9. Other Reports. Furnish the Purchasers as soon as available, but in any event within ten (10) days after
the issuance thereof, (i) with copies of such financial statements, reports and returns as any Note Party and any of its Restricted Subsidiaries shall send to its partners and members and (ii) copies of all material notices and reports,
and financial statements, in each case sent pursuant to the Revolving Credit Agreement and the “Other Documents” (as defined in the Revolving Credit Agreement) , the First Lien Term
Loan Documents and the Subordinated Loan Documentation (to the extent any Subordinated Indebtedness is outstanding). 
 9.10.
Additional Information. Furnish the Purchasers with such additional information as the Required Purchasers shall reasonably request in order to enable the Purchasers to determine whether the terms, covenants, provisions and conditions of this
Agreement and the Notes have been complied with by the Note Parties and the Restricted Subsidiaries, including (a) copies of all environmental audits and reviews, within the possession or control of any Note
Party with respect to any matter for which notice was provided to the Agent pursuant to Section 4.19 and, (b) with respect to Issuer’s opening of any new office or place of business or Issuer’s
closing of any existing office or place of business, notice thereof, within 20 Business Days after such opening or closing (provided, that nothing contained in the foregoing shall be deemed to contradict or limit Issuer’s separate
obligations to give prior written notice with respect to the opening of certain new offices or places of business as required and set forth in Section 6.2) and (c) promptly upon any Note Party learning thereof, notice of
any labor dispute to which any Note Party may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which any Note Party is a party or by which any Note Party is bound,
in each case under this clause (bc), to the extent that the occurrence thereof would reasonably be expected to result in a Material Adverse Effect. 

9.11. Projected Operating Budget. Furnish the Purchasers no later than thirty (30) days after the beginning of the
Issuer’s fiscal yearFiscal Year commencing with the fiscal yearFiscal Year ending on or about December 31, 20142016, a quarter by quarter
projected operating budget and cash flow of Issuer and its Subsidiaries on a consolidated basis for such fiscal yearFiscal Year (including an income statement for each quarter and a balance sheet as at the end of the last
month in each fiscal quarterFiscal Quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of the Issuer to the effect that such projections have been prepared on a
reasonable and good faith basis, pursuant to sound financial planning practices consistent with past budgets and financial statements (it being 

  
 116 

 
understood that projections by their nature are subject to uncertainties and contingencies, many of which are beyond the control of the Issuer, the Note Parties and the Restricted 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). 

9.12. Variances Fromfrom Operating Budget. Furnish the Purchasers, concurrently with the delivery of the
financial statements referred to in Sections 9.6 and, 9.7 and 9.8, a written report summarizing all material variances (including, without limitation, comprehensive income statements and balance sheet items)
from budgets submitted by the Issuer pursuant to Section 9.11 and a discussion and analysis by management with respect to such variances. 

9.13. Notice of Suits, Adverse Events. Furnish the Purchasers with prompt written notice of (i) any lapse or other termination of
any material Consent issued to any of the Note Parties or the Restricted Subsidiaries by any Governmental Body or any other Person that is material to the operation of any Note Party’s or any Restricted Subsidiary’s business, (ii) any
refusal by any Governmental Body or any other Person to renew or extend any such Consent; and (iii) copies of any periodic or special reports filed by any of the Note Parties or the Restricted Subsidiaries with any Governmental Body or Person,
if such reports indicate any material change in the business, operations, affairs or condition of any of the Note Parties or the Restricted Subsidiaries, or if copies thereof are requested by any Purchaser, and (iv) copies of any material
notices and other material communications from any Governmental Body or Person which specifically relate to any of the Note Parties or the Restricted Subsidiaries. 

9.14. Statements of Excess Cash Flow. 

(a) Furnish the Purchasers as soon as available, but in any event within ten (10) Business Days after the end of each Fiscal Year of
Holdings, a certificate (which may be in the form of a Compliance Certificate) signed by the Chief Financial Officer or Controller of the Issuer and setting forth the Excess Cash Flow for the applicable Excess Cash Flow
Period and accompanied by a calculation thereof, including (to the extent not included in the monthly reports pursuant to Section 9.8), an account statement (and any related information) in respect of each ECF Account. 

(b) Furnish the Purchasers as soon as available, but in any event within ten (10) Business Days after the end of the
Fiscal Quarter of the Issuer, a certificate (which may be in the form of a Compliance Certificate) signed by the Chief Financial Officer or Controller of the Issuer and setting forth the Excess Cash Flow for such Fiscal Quarters and
accompanied by a calculation thereof. 
 9.15. 9.14. ERISA Notices and Requests. Furnish
the Purchasers If it could reasonably result in a Material Adverse Effect (a) furnish Agent with prompt written notice (but no later than five (5) Business Days following knowledge of an event) in the event that
(i) the Issuer or any member of the Controlled Group knows or has reason to know that a Termination Event has occurred, or notice that a Termination Event is reasonably likely to occur, together with a written statement describing such
Termination Event and the action, if any, which the Issuer or any member of the Controlled Group has taken, is taking, or proposes to 

  
 117 

 
take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, Department of Labor or PBGC with respect thereto, or (ii) the Issuer
or any member of the Controlled Group knows or has reason to know that a prohibited transaction (as defined in SectionsSection 406 of ERISA andor 4975 of the Code) has occurred
together with a written statement describing such transaction and the action which the Issuer or any member of the Controlled Group has taken, is taking or proposes to take with respect thereto, (iii) a funding waiver request
has been filed with respect to any Plan together with all communications received by the Issuer or any member of the Controlled Group with respect to such request, (iv) any increase in the benefits of any existing Pension Benefit
Plan or the establishment of any new Pension Benefit Plan or the commencement of contributions to any Pension Benefit Plan to which the Issuer or any member of the Controlled Group was not previously
contributing shall occur; (v) the Issuer or any member of the Controlled Group shall receive from the PBGC a notice of intention to terminate a Pension Benefit Plan or to have a trustee appointed to administer a Pension
Benefit Plan, together with copies of each such notice, (vi) the Issuer or any member of the Controlled Group shall receive any unfavorable determination letter from the Internal Revenue Service regarding the qualification of a Plan
under Section 401(a) of the Code, together with copies of each such letter; (vii) the Issuer or any member of the Controlled Group shall receive a notice regarding the imposition of withdrawal liability, together with copies of each such
notice; (viii) the Issuer or any member of the Controlled Group shall fail to make a required installment or any other required payment under the Code or ERISA on or before the due date for such installment or payment; or (ix) the Issuer
or any member of the Controlled Group knows that (a) a Multiemployer Plan has been terminated, (b) the administrator or plan sponsor of a Multiemployer Plan intends to terminate a Multiemployer Plan, (c) the PBGC has instituted or
will institute proceedings under Section 4042 of ERISA to terminate a Multiemployer Plan or (d) a Multiemployer Plan is subject toin “critical” or “endangered” status under Section 432 of
the Code or Section 305 of ERISA. 
 (b) At any time after the date of this Agreement, the Issuer, any of its Restricted
Subsidiaries or any member of the Controlled Group maintains, or contributes to (or incurs an obligation to contribute to), a Pension Benefit Plan or Multiemployer Plan which is not set forth in Schedule 5.8(d), then the Issuer shall deliver to the
Agent an updated Schedule 5.8(d) as soon as practicable, and in any event within twenty (20) days after the Issuer, such Restricted Subsidiary or such member of the Controlled Group maintains or contributes (or incurs an obligation to
contribute) thereto. 
 9.16. 9.15. Unrestricted Subsidiaries. Simultaneously with the delivery of each
set of financial statements referred to in Sections 9.6, 9.7 and 9.8 above, the related unaudited consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) (which may be
in footnote form only) from such consolidated financial statements. 
 9.17. 9.16. Additional Documents.
Execute and deliver to Agent and the Purchasers, upon request, such documents and agreements as Agent or the Required Purchasers may, from time to time, reasonably request to carry out the purposes, terms or conditions of this Agreement. 

  
 118 

 9.18. Appraisals. The Agent may, at the direction of the Required
Purchasers, at any time after the Fourth Amendment Closing Date, engage the services of an independent appraisal firm or firms of reputable standing, satisfactory to the Agent and the Required Purchasers, for the purpose of appraising
the then current values of the Collateral; provided that, so long as no Event of Default shall have occurred and be continuing, (x) the Note Parties shall not be obligated to pay or reimburse the Agent or the Required Purchasers
for more than one such appraisal conducted in any consecutive 365 day period commencing on the Fourth Amendment Closing Date and (y) the Agent shall use commercially reasonable efforts to cooperate and coordinate with the First
Lien Term Loan Agent in respect of any appraisal being conducted by or on its behalf. Absent the occurrence and during the continuance of an Event of Default at such time, the Agent and the Required Purchasers shall consult with the
Note Parties as to the identity of any such firm. 
 X. EVENTS OF DEFAULT. 

The occurrence of any one or more of the following events shall constitute an “Event of Default”: 

10.1. Nonpayment. Failure by any Note Party to (a) pay any principal on the Obligations when due, whether at maturity or by reason
of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or (b) pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any
other Note Document and such failure to pay when due any amount described in this clause (b) shall continue for five (5) Business Days; 

10.2. Breach of Representation. Any representation or warranty made or deemed made by any Note Party in this Agreement, any other Note
Document or any related agreement or in any certificate, document or financial or other statement furnished at any time in connection herewith or therewith shall prove to have been misleading in any material respect on the date when made or deemed
to have been made; 
 10.3. Financial and otherOther Information. Failure by any Note Party to
(i) furnish the information pursuant to Sections 9.4 or 9.14 when due, (ii) furnish financial and other information pursuant to Sections 9.1, 9.3, 9.5, 9.6, 9.7, 9.8, 9.11, 9.12 or 9.15 when due or when requested which
is unremedied for a period of fiveten (510) Business Days, or (ii) promptly permit the inspection, conducted in accordance with the terms of Section 4.10 of this Agreement, of its books
or records; 
 10.4. Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Note
Party’s Inventory, Receivables or against a portion of any Note Party’s other property, such Lien, levy, assessment, injunction or attachment is not stayed or lifted within thirty (30) days, and the imposition or issuance thereof is
reasonably likely to have a Material Adverse Effect; 

  
 119 

 10.5. Noncompliance. (a) failure (a) Failure or neglect
of any Note Party to perform, keep or observe any term, provision, condition, or covenant contained in any of Sections 4.1, 4.2, 4.3, 4.4, 4.5, 4.19, 6.2, 6.3, 6.5 and 6.12, or Article VII (other than
Section 7.15) and any of Sections 9.1, 9.3, 9.4 and 9.14 of this Agreement, and (b) except as otherwise provided in Sections 10.1, 10.2, 10.3 and 10.5(a), failure or neglect of any Note Party to perform, keep or observe
any term, provision, condition or covenant, contained in this Agreement or in any other Note Agreement which is not cured within thirty (30) days (or, in the case of Section 4.10, five (5) days) after the earlier of the date on which
(i) a Responsible Officer of a Note Party becomes aware of such failure and (ii) notice thereof shall have been given to the Issuer by the Agent or any Purchaser; 

10.6. Judgments. Any judgment or judgments are rendered against any Note PartyHoldings or any of its Restricted
Subsidiaries for an aggregate amount in excess of the Threshold Amount or against all Note PartiesHoldings and all of its Restricted Subsidiaries for an aggregate amount in excess of the Threshold Amount and
(a) enforcement proceedings shall have been commenced by a creditor upon such judgment, (b) there shall be any period of forty-five (45) consecutive days during which a stay of enforcement of such judgment, by reason of a pending
appeal or otherwise, shall not be in effect, or (c) any such judgment results in the creation of a Lien upon any of the Collateral (other than a Permitted Encumbrance); provided, however, that any such judgment shall not give rise to an Event
of Default under this Section 10.6 for so long as (i) the amount of such judgment is covered by a valid and binding policy of insurance between the defendant and the insurer covering full payment thereof and (ii) such insurer
has been notified, and has not disputed the claim made for payment, of the amount of such judgment, order, award or settlement; 
 10.7.
Bankruptcy. Any Note Party or any Restricted Subsidiary of any Note Party shall (a) apply for, consent to or suffer the appointment of, or the taking of possession by, a receiver, custodian, trustee, liquidator or similar fiduciary of
itself or of all or a substantial part of its property, (b) make a general assignment for the benefit of creditors, (c) commence a voluntary case under any state or federal bankruptcy laws (as now or hereafter in effect), (d) be
adjudicated a bankrupt or insolvent, (e) file a petition seeking to take advantage of any other law providing for the relief of debtors, (f) acquiesce to, or fail to have dismissed, within forty-five (45) days, any petition filed
against it in any involuntary case under such bankruptcy laws, or (g) take any action for the purpose of effecting any of the foregoing; 

10.8. Inability to Pay. Any Note Party shall admit in writing its inability, or be generally unable, to pay its debts as they become
due or cease operations of its present business; 
 10.9. [Reserved]. 

10.10. Lien Priority. Any Lien created hereunder or provided for hereby or under any other Note Document for any reason (other than the
failure of Agent to make required filings or take required actions based on accurate information timely provided by the Note Parties)that it agreed in writing to undertake) becomes impaired or ceases to be or is not a valid
and perfected Lien having a second priority interest (other thanor, so long as the Revolving Credit Facility has not been terminated, inwith respect to the Revolving Credit Priority Collateral,

  
 120 

 
which shall have aa valid and perfected third priority interest), which impairment or failure to be valid, perfected or having the priority required
(x) involves Collateral with a fair market value in excess of $50,000250,000 or (y) is not cured within five (5) Business Days after the earlier of the date on which (i) a Responsible Officer of a Note
Party becomes actually aware of such failure and (ii) written notice thereof shall have been given to the Issuer by the Agent or any Purchaser; 

10.11. Cross Default. Any “event of default” under either (A) the Revolving Credit Facility or,
(B) the First Lien Term Loan Agreement or (C) to the extent having an aggregate outstanding principal amount in excess of the Threshold Amount$7,500,000, any other Indebtedness of any Note
PartyHoldings or any of its Restricted Subsidiaries (Indebtedness under either clauseany of clauses (A) or, (B) or (C), “Subject Indebtedness”), for
which Holdings or any of its Restricted Subsidiaries fails to make any payment beyond the applicable grace period with respect thereto, if any (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) in respect of any
such Subject Indebtedness) or any other event or circumstance which would accelerate or permit the holderholders of any such Subject Indebtedness to accelerate such Indebtedness (and/or the obligations of
the Note PartyHoldings or such Restricted Subsidiary thereunder) prior to the scheduled maturity or termination thereof, shall occur (regardless of whether the holder of such Subject Indebtedness shall actually accelerate,
terminate or otherwise exercise any rights or remedies with respect to such Subject Indebtedness), in any such case after giving effect to any applicable notice, grace or cure periods (but, for the
avoidance of doubt, without giving effect to any waiver or amendment of such Subject Indebtedness after the Second Amendment Effective Date, except for any waiver or amendment consented to by the Required Purchasers); 

10.12. Termination of Guaranty. Termination (other than in accordance with the terms thereof) by any Guarantor of the Guaranty provided
hereunder or under any other agreement executed and delivered to Agent or the Purchasers in connection with the Obligations of any Note Party, or if any Note Party attempts to terminate, challenges the validity of, or its liability under, any such
Guaranty or other agreement; 
 10.13. Change of Ownership. Any Change of Control shall occur; 

10.14. Invalidity. Any material provision of this Agreement or any other Note Document shall, for any reason, cease to be valid and
binding on any Note Party (except in accordance with its terms), or any Note Party shall so claim in writing to Agent or any Purchaser; or 

10.15. Failure to Maintain Fracking Fleets. Failure or neglect of Issuer or any Restricted Subsidiary to perform, keep or observe any term,
provision, condition, or covenant contained in any of Sections 6.2 (e) or (f) which is not cured within thirty (30) days after the earlier of the date on which (i) a Responsible Officer of a Note Party becomes aware
of such failure and (ii) notice thereof shall have been given to the Issuer by the Agent; 
 10.16.
Abandonment. Any Event of Abandonment shall occur and is continuing; 

  
 121 

 10.17. Governmental Bodies. Any Note Party shall have failed to obtain, maintain or comply
with the terms and conditions of the Consent of any Governmental Body, where such failure to obtain, maintain or comply would reasonably be likely to have a Material Adverse Effect; or 

10.15. [RESERVED].  

10.16. [RESERVED].  

10.17. [RESERVED].  

10.18. Pension Plans. An event or condition specified in Section 7.15 hereof shall occur or exist with respect to any Plan and, as
a result of such event or condition, together with all other such events or conditions, the Issuer or any member of the Controlled Group shall incur, a liability to a Plan or the PBGC (or both) which would have or be reasonably likely to have a
Material Adverse Effect. 
 XI. PURCHASERS’ RIGHTS AND REMEDIES AFTER DEFAULT. 

11.1. Rights and Remedies. 

(a) Upon the occurrence and during the continuance of: (i) an Event of Default pursuant to Section 10.7 all Obligations, including
any Prepayment Premium applicable thereto, shall be immediately due and payable and this Agreement and the obligation of the Purchasers to purchase any further Notes shall be deemed terminated; (ii) any of the other Events of Default, at the
option of the Required Purchasers, all Obligations, including any Prepayment Premium applicable thereto, shall be immediately due and payable and the Purchasers shall have the right to terminate this Agreement and to terminate the obligation of the
Purchasers to purchase any further Notes; and (iii) without limiting Section 8.2 hereof, any Default under Section 10.7(f) hereof arising from a filing of a petition against any Note Party in any involuntary case under any state or
federal bankruptcy laws, the obligation of the Purchasers to purchase Notes hereunder shall be suspended until such time as such involuntary petition shall be dismissed or an Event of Default under Section 10.7 shall occur. Upon the occurrence
and during the continuance of any Event of Default, Agent and the Purchasers shall have the right to exercise any and all rights and remedies provided for herein, under the other Note Documents, under the Uniform Commercial Code and at law or equity
generally, including the right to foreclose the security interests granted herein and to realize upon any Collateral by any available judicial procedure and/or to take possession of and sell any or all of the Collateral with or without judicial
process; provided, that the Agent or the Required Purchasers must provide at least five (5) Business Days’ prior written notice to the Issuer after an Event of Default has occurred and is continuing before exercising any remedies
with respect to the Equity Interests of the Note Parties (including, without limitation, voting rights). Upon the occurrence and during the continuance of any Event of Default, Agent and the Purchasers may enter any of any Note Party’s premises
or other premises without legal process and without incurring liability to any Note Party therefor, and Agent or the Purchasers may thereupon, or at any time thereafter, in its discretion without notice or demand, take the Collateral and remove the
same to such place as 

  
 122 

 
Agent or Purchaser may deem advisable and Agent or the Required Purchasers may require the Note Parties to make the Collateral available to Agent at a convenient place. Upon the occurrence and
during the continuance of any Event of Default, with or without having the Collateral at the time or place of sale, Agent may sell the Collateral, or any part thereof, at public or private sale, at any time or place, in one or more sales, at such
price or prices, and upon such terms, either for cash, credit or future delivery, as Agent may elect. Except as to that part of the Collateral which is perishable or threatens to decline speedily in value or is of a type customarily sold on a
recognized market, Agent shall give the Note Parties reasonable notification of such sale or sales, it being agreed that in all events written notice mailed to the Issuer at least ten (10) days prior to such sale or sales is reasonable
notification. At any public sale Agent or any Purchaser may bid for and become the purchaser, and Agent, any Purchaser or any other purchaser at any such sale thereafter shall hold the Collateral sold absolutely free from any claim or right of
whatsoever kind, including any equity of redemption and all such claims, rights and equities are hereby expressly waived and released by each Note Party. In connection with the exercise of the foregoing remedies, including the sale of Inventory, at
such time as Agent shall be lawfully entitled to exercise such remedies, and for no other purpose. Agent and the Purchasers are granted a perpetual nonrevocable, royalty free, nonexclusive license and Agent and the Purchasers are granted permission
to use all of each Note Party’s (a) trademarks, trade styles, tradenames, patents, patent applications, copyrights, service marks, licenses, franchises and other proprietary rights which are used or useful in connection with Inventory for
the purpose of marketing, advertising for sale and selling or otherwise disposing of such Inventory and (b) Equipment for the purpose of completing the manufacture of unfinished goods. The cash proceeds realized from the sale of any Collateral
shall be applied to the Obligations in the order set forth in Section 11.6 hereof. Noncash proceeds will only be applied to the Obligations as they are converted into cash. If any deficiency shall arise, the Note Parties shall remain liable to
Agent and Purchasers therefor. 
 (b) To the extent that Applicable Law imposes duties on Agent or the Purchasers to exercise remedies in a
commercially reasonable manner, each Note Party acknowledges and agrees that it is not commercially unreasonable for Agent or any Purchaser: (i) to fail to incur expenses reasonably deemed significant by Agent or such Purchaser to prepare
Collateral for disposition or otherwise to complete raw material or work in process into finished goods or other finished products for disposition; (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to
obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of; (iii) to fail to exercise collection remedies against Customers or
other Persons obligated on Collateral or to remove Liens on or any adverse claims against Collateral; (iv) to exercise collection remedies against Customers and other Persons obligated on Collateral directly or through the use of collection
agencies and other collection specialists; (v) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature; (vi) to contact other Persons, whether
or not in the same business as any Note Party, for expressions of interest in acquiring all or any portion of such Collateral; (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the
Collateral is of a specialized nature; (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match
buyers and sellers of 

  
 123 

 
assets; (ix) to dispose of assets in wholesale rather than retail markets; (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase
insurance or credit enhancements to insure Agent against risks of loss, collection or disposition of Collateral or to provide to Agent a guaranteed return from the collection or disposition of Collateral; or (xii) to the extent deemed
appropriate by Agent or such Purchaser, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Agent or such Purchaser in the collection or disposition of any of the Collateral. Each Note Party
acknowledges that the purpose of this Section 11.1(b) is to provide non-exhaustive indications of what actions or omissions by Agent or a Purchaser would not be commercially unreasonable in Agent’s or Purchaser’s exercise of remedies
against the Collateral and that other actions or omissions by Agent or Purchaser shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 11.1(b). Without limitation upon the foregoing, nothing
contained in this Section 11.1(b) shall be construed to grant any rights to any Note Party or to impose any duties on Agent or a Purchaser that would not have been granted or imposed by this Agreement or by Applicable Law in the absence of this
Section 11.1(b). 
 11.2. Purchaser’s Discretion. The Required Purchasers shall have the right in their sole discretion to
determine which rights, Liens, security interests or remedies Agent or the Purchasers may at any time pursue, relinquish, subordinate, or modify or to take any other action with respect thereto and such determination will not in any way modify or
affect any of Agent’s or Purchaser’s rights hereunder. 
 11.3. Setoff. Subject to Section 14.2, in addition to any
other rights which Agent or any Purchaser may have under Applicable Law, upon the occurrence and during the continuance of an Event of Default hereunder, Agent and such Purchaser shall have a right, immediately and without notice of any kind, to
apply any Note Party’s property held by Agent and such Purchaser to reduce the Obligations. 
 11.4. Rights and Remedies not
Exclusive. The enumeration of the foregoing rights and remedies is not intended to be exhaustive and the exercise of any rights or remedy shall not preclude the exercise of any other right or remedies provided for herein or otherwise provided by
law, all of which shall be cumulative and not alternative. 
 11.5. Equity Cure Right. Notwithstanding the provisions of
Section 10.5 or this Article XI to the contrary, any Original Owner or any of its Affiliates may, but shall not be obligated to, cure any potential Event of Default under Section 6.5 (such Event of Default, a
“Financial Covenant Default”) by making a capital contribution into Holdings in the form of new cash equity contributions in an aggregate amount, in either case, equal to the amount that, when added to EBITDA on a dollar-for-dollar
basis for the relevant testing period, would have caused the Issuer to be in full compliance with Section 6.5 for such testing period (each, an “Equity Cure”); provided that (a) such Equity Cure must be effected no later
than 10 days after the delivery of the Compliance Certificate describing the applicable Financial Covenant Default (or the date on which such Compliance Certificate was required to have been delivered to the Purchasers), (b) no more than one
(1) Equity Cure may be made in respect of any four-quarter fiscal period, (c) no more than two (2) Equity Cures may be made during the term of this Agreement; and (d) the amount of such Equity Cure may not exceed the aggregate
amount necessary to cure the 

  
 124 

 
Financial Covenant Default. Upon the receipt by Holdings of each such Equity Cure, each such Financial Covenant Default shall be recalculated giving effect to the following pro forma adjustments:

 (a) EBITDA shall be increased, solely for the purpose of determining the existence of an Event of Default under Section 6.5 (and not
pro forma compliance with Section 6.5 required by any other provision of this Agreement), with respect to the relevant four-quarter fiscal period and all future four-quarter fiscal periods that includes the fiscal
quarterFiscal Quarter in respect of which such Equity Cure was made; and 
 (b) if, after giving effect to the foregoing
recalculations, the Issuer shall then be in compliance with the requirements of Section 6.5, the Issuer shall be deemed to have satisfied the requirements of Section 6.5 (solely for purposes of determining compliance with Section 6.5,
and not pro forma compliance with Section 6.5 required by any other provision of this Agreement), with the same effect as though there had been no failure to comply therewith, and the Financial Covenant Default that had occurred shall be deemed
not to have occurred for purposes of this Agreement and the other Note Documents. 
 11.6. Allocation of Payments After Event of
Default. Notwithstanding any other provisions of this Agreement to the contrary, after the occurrence and during the continuance of an Event of Default, all amounts collected or received by Agent on account of the Obligations or any other
amounts outstanding under any of the other Note Documents or in respect of the Collateral may, at Agent’s discretion, be paid over or delivered as follows: 

FIRST, to the payment of all reasonable and documented out-of-pocket costs and expenses (including reasonable and documented attorneys’
fees, which shall be limited to one outside counsel and one local counsel in each relevant jurisdiction) of Agent incurred in connection with this Agreement and the other Note Documents; 

SECOND, to payment of any fees owed to Agent; 

THIRD, to the payment of all reasonable and documented out-of-pocket costs and expenses (including reasonable and documented attorneys’
fees, which shall be limited to one outside counsel and one local counsel in each relevant jurisdiction for all Purchasers) of each of the Purchasers to the extent owing to such Purchaser pursuant to the terms of this Agreement; 

FOURTH, to the payment of all of the Obligations consisting of accrued fees and interest; 

FIFTH, to the payment of the outstanding principal amount of the Obligations; 

SIXTH, to all other Obligations (other than contingent indemnification obligations for which no claim has been asserted) and other obligations
which shall have become due and payable under the other Note Documents or otherwise and not repaid pursuant to clauses “FIRST” through “FIFTH” above; and 

  
 125 

 SEVENTH, to the payment of the surplus, if any, to whoever may be lawfully entitled to receive
such surplus. 
 In carrying out the foregoing, (i) amounts received shall be applied in the numerical order provided until exhausted
prior to application to the next succeeding category and (ii) each of the Purchasers shall receive an amount equal to its pro rata share (based on the proportion that the then outstanding principal amount of the Notes held by such Purchaser
bears to the aggregate then outstanding principal amount of the Notes) of amounts available to be applied pursuant to clauses “FOURTH”, “FIFTH” and “SIXTH” above. 

XII. WAIVERS AND JUDICIAL PROCEEDINGS. 

12.1. Waiver of Notice. Each Note Party hereby waives notice of non-payment of any of the Receivables, demand, presentment, protest and
notice thereof with respect to any and all instruments, notice of acceptance hereof, notice of loans or advances made, credit extended, Collateral received or delivered, or any other action taken in reliance hereon, and all other demands and notices
of any description, except such as are expressly provided for herein. 
 12.2. Delay. No delay or omission on Agent’s or any
Purchaser’s part in exercising any right, remedy or option shall operate as a waiver of such or any other right, remedy or option or of any Default or Event of Default. 

12.3. Jury Waiver. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO
OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE AND EACH PARTY HEREBY CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENTS OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

XIII. EFFECTIVE DATE AND TERMINATION. 

13.1. Term. This Agreement, which shall inure to the benefit of and shall be binding upon the respective successors and permitted
assigns of each Note Party, the Agent and each Purchaser, shall become effective on the date hereof and shall continue in full force and effect until the Latest Maturity Date unless sooner terminated as herein provided. 

  
 126 

 13.2. Termination. The termination of the Agreement shall not affect Agent’s or any
Purchaser’s rights, or any of the Obligations having their inception prior to the effective date of such termination, and the provisions hereof shall continue to be fully operative until all transactions entered into, rights or interests
created or Obligations have been fully paid, disposed of, concluded or liquidated. The security interests, Liens and rights granted to Agent and the Purchasers hereunder and the financing statements filed hereunder shall continue in full force and
effect, notwithstanding the termination of this Agreement until all of the Obligations of the Note Parties have been paid in full. Accordingly, each Note Party waives any rights which it may have under the Uniform Commercial Code to demand the
filing of termination statements with respect to the Collateral, and Agent shall not be required to send such termination statements to each Note Party, or to file them with any filing office, unless and until this Agreement shall have been
terminated in accordance with its terms and all Obligations have been paid in full in immediately available funds. All representations, warranties, covenants, waivers and agreements contained herein shall survive termination hereof until all
Obligations are paid in full. 
 XIV. REGARDING AGENT. 

14.1. Appointment. Each Purchaser hereby irrevocably designates and appoints U.S. Bank National Association to act as Agent for such
Purchaser under this Agreement and the other Note Documents, and U.S. Bank National Association hereby accepts such appointment on the Closing Date subject to the terms hereof. Each Purchaser hereby irrevocably authorizes Agent, in such capacity,
though its agents or employees, to take such actions on its behalf under the provisions of this Agreement and the other Note Documents and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to
or required of Agent by the terms hereof and thereof and such other actions and powers as are reasonably incidental thereto. Concurrently herewith, each Purchaser directs Agent and Agent is authorized to enter into the Note Documents and any other
related agreements in the forms presented to such Agent. The provisions of this Article XIV are solely for the benefit of Agent and the Purchasers, and no Note Party shall have right as a third party beneficiary of any such provisions. Each
Purchaser agrees that in any instance in which this Agreement provides that Agent’s consent may not be unreasonably withheld, provide for the exercise of Agent’s reasonable discretion, or provide to a similar effect, it shall not in its
instructions (or, by refusing to provide instruction) to Agent withhold its consent or exercise its discretion in an unreasonable manner. It is expressly agreed and acknowledged that Agent is not guaranteeing performance of or assuming any liability
for the obligations of the other parties hereto or any parties to the Collateral. Agent shall not have liability for any failure, inability or unwillingness on the part of any Note Party to provide accurate and complete information on a timely basis
to Agent, or otherwise on the part of any such party to comply with the terms of this Agreement, and shall have no liability for any inaccuracy or error in the performance or observance on Agent’s part of any of its duties hereunder that is
caused by or results from any such inaccurate, incomplete or untimely information received by it, or other failure on the part of any such other party to comply with the terms hereof. For purposes of clarity, phrases such as “satisfactory to
the Agent,” “approved by Agent,” “acceptable to Agent,” “as determined by Agent,” “in Agent’s discretion,” “selected by the Agent,” “elected by Agent,” “requested by
Agent,” and phrases of similar 

  
 127 

 
import (including, without limitation, any allocations to be determined by the Agent pursuant to Section 2.4(a) of the Intercreditor Agreement or any actions required of the Agent in
connection with the collection, adjustment or settlement under an insurance policy pursuant to Section 2.5 of the Intercreditor Agreement) that authorize and permit Agent to approve, disapprove, determine, act or decline to act in its
discretion shall be subject to Agent’s receiving written direction from the Required Purchasers to take such action or to exercise such rights. Nothing contained in this Agreement shall require Agent to exercise any discretionary acts. 

14.2. Collateral. Agent shall hold all Collateral, payments of principal and interest, fees (except the fees set forth in Sections
3.2(b)), charges and collections (without giving effect to any collection days) received pursuant to this Agreement, for the ratable benefit of the Purchasers. Each party to this Agreement acknowledges and agrees that Agent may from time to time use
one or more outside service providers for the tracking of all UCC financing statements (and/or other collateral related filings and registrations from time to time) required to be filed or recorded pursuant to the Note Documents and the notification
to Agent, of, among other things, the upcoming lapse or expiration thereof, and that each of such service providers will be deemed to be acting at the request and on behalf of the Note Parties. Agent shall not be liable for any action taken or not
taken by any such service provider. 
 Agent hereby disclaims any representation or warranty to the Purchasers concerning and shall have no
responsibility to Purchasers for the existence, priority or perfection of the Liens and security interests granted hereunder or under any other Note Document or in the value of any of the Collateral and shall not be responsible or liable to the
Purchasers for any failure to monitor or maintain any portion of the Collateral. Agent makes no representation as to the value, sufficiency or condition of the Collateral or any part thereof, as to the title of the Note Parties to the Collateral, as
to the security afforded by this Agreement or any other Note Document. Agent shall not be responsible for insuring the Collateral or for the payment of taxes, charges, assessments or liens upon the Collateral. Agent shall not be responsible for the
maintenance of the Collateral, except as expressly provided in the immediately following sentence when Agent has possession of the Collateral. Agent shall not have any duty to the Purchasers as to any Collateral in its possession or in the
possession of someone under its control or in the possession or control of any agent or nominee of Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to
accord such of the Collateral as may be in its possession substantially the same care as it accords similar assets held for the benefit of third parties and the duty to account for monies received by it. Agent shall not be under an obligation
independently to request or examine insurance coverage with respect to any Collateral. Agent shall not be liable for the acts or omissions of any bank, depositary bank, custodian, independent counsel of the Note Parties or any other party selected
by Agent with reasonable care or selected by any other party hereto that may hold or possess Collateral or documents related to Collateral and Agent shall not be required to monitor the performance of any such Persons holding Collateral. For the
avoidance of doubt, and notwithstanding anything contained in Section 10.10, Agent shall not be responsible to the Purchasers for the perfection of any Lien or for the filing, form, content or renewal of any UCC financing statements, fixture
filings, mortgages, deeds of trust and such other documents or instruments, provided however that if instructed in writing by the Required Purchasers and at the expense of the Issuer, Agent shall arrange for the filing and
continuation, of financing statements 

  
 128 

 
or other filing or recording documents or instruments for the perfection of security interests in the Collateral; provided, that, Agent shall not be responsible for the preparation, form,
content, sufficiency or adequacy of any such financing statements all of which shall be provided in writing to Agent by the Required Purchasers including the jurisdictions and filing offices where Agent is required to file such financing statements.

 In connection with the exercise of any rights or remedies in respect of, or foreclosure or realization upon, any real estate-related
collateral pursuant to this Agreement or any other Note Document, Agent shall not be obligated to take title to or possession of real estate in its own name, or otherwise in a form or manner that may, in its reasonable judgment, expose it to
liability. In the event that Agent deems that it may be considered an “owner or operator” under any environmental laws or otherwise cause Agent to incur, or be exposed to, any environmental liability or any liability under any other
federal, state or local law, Agent reserves the right, instead of taking such action, either to resign as Agent subject to the terms and conditions of Section 14.4 or to arrange for the transfer of the title or control of the asset to a court
appointed receiver. Agent will not be liable to any Person for any environmental liability or any environmental claims or contribution actions under any federal, state or local law, rule or regulation by reason of Agent’s actions and conduct as
authorized, empowered and directed hereunder or relating to any kind of discharge or release or threatened discharge or release of any hazardous materials into the environment. 

14.3. Nature of Duties and Exculpatory Provisions. Agent shall not have any duties or obligations except those expressly set forth in
the Note Documents to which it is a party, and no implied covenants, duties, obligations or liabilities shall be read into this Agreement or any other Note Documents on the part of Agent. Without limiting the generality of the foregoing,
(a) Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing and (b) except as expressly set forth in the Note Documents, Agent shall not have any duty to disclose
or shall be liable for the failure to disclose any information relating to any Note Party or any of its Affiliates that is communicated to or obtained by Agent or any of its Affiliates in any capacity. As to any matters not expressly provided for by
this Agreement (including collection of any promissory notes) or any matter that would require Agent to exercise any discretion hereunder or under any Note Document, Agent shall not be required to exercise any discretion or take any action, but
shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Purchasers, and such instructions shall be binding; provided,
however, that Agent shall not be required to take any action unless it is furnished with an indemnification satisfactory to Agent with respect thereto and Agent shall not be required to take any action which exposes Agent to liability or
which is contrary to this Agreement or the other Note Documents or Applicable Law. Agent may at any time request instructions from the Purchasers with respect to any actions or approvals which by the terms of this Agreement or of any of the other
Note Documents Agent is permitted or required to take or to grant. If Agent shall request any such instructions, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from the
Required Purchasers, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, the Purchasers shall not have any right of action whatsoever against Agent as a result of its acting or refraining
from acting hereunder in accordance with the instructions of the 

  
 129 

 
Required Purchasers. Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Purchasers (or such other number or percentage of the
Purchasers as shall be required by the express terms of this Agreement or the other Note Documents). Agent shall not have any liability for any failure, inability or unwillingness on the part of the Purchasers or any Note Party to provide accurate
and complete information on a timely basis to Agent, or otherwise on the part of any such party to comply with the terms of this Agreement, and shall have no liability for any inaccuracy or error in the performance or observance on Agent’s part
of any of its duties hereunder that is caused by or results from any such inaccurate, incomplete or untimely information received by it, or other failure on the part of any such other party to comply with the terms hereof. Agent shall not be deemed
to have knowledge or notice of the occurrence of any Default or Event of Default hereunder or under the other Note Documents, unless Agent has received written notice from a Purchaser or the Issuer referring to this Agreement or the other Note
Documents, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent receives such a notice, Agent shall give notice thereof to the Purchasers. Agent shall take such action
with respect to such Default or Event of Default as shall be reasonably directed by the Required Purchasers; provided, that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or
refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Purchasers. No Agent shall be liable for any action taken in good faith and reasonably believed by it to be
within the powers conferred upon it, or taken by it pursuant to any direction or instruction by which it is governed, or omitted to be taken by it by reason of the lack of direction or instruction required hereby for such action (including without
limitation for refusing to exercise discretion or for withholding its consent in the absence of its receipt of, or resulting from a failure, delay or refusal on the part of any Purchaser to provide, written instruction to exercise such discretion or
grant such consent from any such Purchaser, as applicable). Agent shall not be liable for any error of judgment made in good faith unless it shall be proven that Agent was grossly negligent in ascertaining the relevant facts. Nothing herein or in
any other Note Document or related documents shall obligate Agent to advance, expend or risk its own funds, or to take any action which in its reasonable judgment may cause it to incur any expense or financial or other liability for which it is not
indemnified to its satisfaction. Agent shall not be liable for any indirect, special, punitive or consequential damages (included but not limited to lost profits) whatsoever, even if it has been informed of the likelihood thereof and regardless of
the form of action. Any permissive grant of power to Agent hereunder shall not be construed to be a duty to act. Before acting hereunder, Agent shall be entitled to request, receive and rely upon such certificates and opinions as it may reasonably
determine appropriate with respect to the satisfaction of any specified circumstances or conditions precedent to such action. Agent shall not be responsible or liable for: (i) delays or failures in performance resulting from acts beyond its
control, including but not limited to, acts of God, strikes, lockouts, riots, acts of war, epidemics, governmental regulations superimposed after the fact, fire, communication line failures, computer viruses, power failures, earthquakes or other
disasters, the unavailability of communications or computer facilities, the failure of equipment or interruption of communications or computer facilities, or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication
facility, (ii) any delay, error omission or default of any mail, telegraph, cable or wireless agency or operator, or (iii) the acts or edicts of any government or governmental agency or other group

  
 130 

 
or entity exercising governmental powers. Agent shall not be liable for interest on any money received by it. For the avoidance of doubt, Agent’s rights, protections, indemnities and
immunities provided herein shall apply to Agent for any actions taken or omitted to be taken under any Note Documents and any other related agreements in any of their capacities. The Agent may act through its third party attorneys, custodians,
nominees and agents (as opposed to employees of the Agent) and shall not be responsible for the bad faith, willful misconduct or gross negligence of any such third party agents, custodians, nominees or attorneys appointed with due care. The Agent
shall not be required to take any action under this Agreement, the other Note Documents or any related document if taking such action (A) would subject the Agent to a tax in any jurisdiction where it is not then subject to a tax, or
(B) would require the Agent to qualify to do business in any jurisdiction where it is not then so qualified. Agent shall not be deemed to have knowledge or notice of the designation of any Purchaser as a “Defaulting Purchaser”
hereunder unless Agent has received written notice from the Issuer referring to this Agreement and notifying Agent of the identity and designation of such Purchaser as a “Defaulting Purchaser”, which Agent may conclusively rely upon
without incurring liability therefor, and absent receipt of such notice from the Issuer, Agent may conclusively assume that no Purchaser under this Agreement has been designated as a “Defaulting Purchaser”. 

14.4. Lack of Reliance on Agent and Resignation. Each Purchaser acknowledges that it has, independently and without reliance upon Agent
or any other Purchaser or any of their respective Affiliates and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Purchaser also acknowledges that it
will, independently and without reliance upon Agent or any other Purchaser or any of their respective Affiliates and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking
or not taking action under or based upon this Agreement, any other Note Document or related agreement or any document furnished hereunder or thereunder. Agent shall not be responsible to any Purchaser for any recitals, statements, information,
representations or warranties herein or in any agreement, document, certificate or a statement delivered in connection with or for the execution, effectiveness, genuineness, validity, enforceability, collectability, sufficiency or value of this
Agreement or any other Note Document or any other instrument or document furnished pursuant hereto or thereto, or of the financial condition of any Note Party, or be required to make any inquiry concerning either the performance or observance of any
of the terms, provisions or conditions of this Agreement, the other Note Documents or the financial condition of any Note Party, or the existence of any Event of Default or any Default. 

Agent may resign on thirty (30) days’ written notice to each of the Purchasers and Issuer and upon such resignation, the Required
Purchasers will promptly designate a successor Agent. 
 Any such successor Agent shall succeed to the rights, powers and duties of Agent,
and the term “Agent” shall mean such successor agent effective upon its appointment, and the former Agent’s rights, powers and duties as Agent shall be terminated, without any other or further act or deed on the part of such former
Agent. After Agent’s resignation as Agent, the provisions of this Article XIV 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 shall have been so appointed
by the Required Purchasers and shall have accepted such appointment within 30 days after Agent gives 

  
 131 

 
notice of its resignation, then Agent may, on behalf of the Purchasers, appoint a successor Agent, with the consent of the Issuer (such consent not to be unreasonably withheld, delayed or
conditioned and not required if a Default or Event of Default shall have occurred and be continuing), which successor shall be a commercial banking institution organized under the laws of the United States (or any State thereof) or a United States
branch or agency of a commercial banking institution, in each case, having combined capital and surplus of at least $100,000,000; provided that if Agent is unable to find a commercial banking institution that is willing to accept such
appointment and which meets the qualifications set forth above, Agent’s resignation shall nevertheless thereupon become effective (except that in the case of any Collateral held by Agent on behalf of the Purchasers under any of the Note
Documents, the Agent shall continue to hold such collateral security until such time as a successor Agent is appointed), and the Required Purchasers shall assume and perform all of the duties of Agent under the Note Documents until such time, if
any, as the Required Purchasers appoint a successor Agent. 
 Upon the acceptance of its appointment as an Agent hereunder by a successor,
such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring (or retired) Agent shall be discharged from its duties and obligations under the Note Documents. The fees
payable by the Issuer to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Issuer and such successor. After Agent’s resignation hereunder, the provisions of this Article XIV shall
continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Affiliates in respect of any actions taken or omitted to be taken by any of them while it was acting as Agent. 

14.5. Reliance. Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent, or otherwise
authenticated by a proper person. In determining compliance with any condition hereunder to the issuance of a Note that by its terms must be fulfilled to the satisfaction of a Purchaser, Agent may presume that such condition is satisfactory to such
Purchaser unless Agent shall have received written notice to the contrary from such Purchaser prior to the issuance of such Note. Agent may consult with legal counsel (who may be counsel for the Note Parties), independent accountants, experts and
other advisors selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants, experts or advisors. Neither Agent nor any of its respective directors, officers, agents
or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement or any of the other Note Documents, except for its or their own gross negligence or willful misconduct. Without
limiting the generality of the foregoing, Agent: (i) makes no warranty or representation to any Purchaser or any other Person and shall not be responsible to any Purchaser or any Person for any statements, warranties or representations (whether
written or oral) made in or in connection with this Agreement or the other Note Documents; (ii) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this
Agreement, the other Note Documents or any related documents on the part of the Note Parties or any other Person or to inspect the property (including the books and records) of the Note Parties; (iii) shall not be responsible to any Purchaser
or any other 

  
 132 

 
Person for the due execution, legality, validity, enforceability, genuineness, sufficiency, ownership, transferability or value of any Collateral, this Agreement, the other Note Documents, any
related document or any other instrument or document furnished pursuant hereto or thereto; and (iv) shall incur no liability under or in respect of this Agreement or any other Note Document by relying on, acting upon (or by refraining from
action in reliance on) any notice, consent, certificate, instruction or waiver, report, statement, opinion, direction or other instrument or writing (which may be delivered by telecopier, email, cable or telex, if acceptable to it) believed by it to
be genuine and believe by it to be signed or sent by the proper party or parties. Agent shall not have any liability to the Note Parties or any Purchaser or any other Person for the Note Parties’ or any Purchaser’s, as the case may be,
performance of, or failure to perform, any of their respective obligations and duties under this Agreement or any other Note Document. 

14.6. Indemnification. To the extent Agent is not reimbursed and indemnified by the Note Parties, each Purchaser will reimburse and
indemnify Agent in proportion to its respective portion of the outstanding principal amount of the Notes, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind or nature whatsoever which may be imposed on, incurred by or asserted against Agent in performing its duties hereunder, or in any way relating to or arising out of this Agreement or any other Note Document; provided that, Purchasers
shall not be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from Agent’s gross (not mere) negligence or willful misconduct (as
determined by a court of competent jurisdiction in a final non-appealable judgment). The indemnities contained in this Section 14.6 shall survive the resignation or removal of the Agent and the termination of this Agreement and the other Note
Documents. 
 14.7. Delivery of Documents. To the extent Agent receives financial statements required under Sections 9.6, 9.7, 9.8,
9.11 and 9.12 from the Issuer or any other Note Party pursuant to the terms of this Agreement which the Issuer or any other Note Party is not obligated to deliver to each Purchaser, Agent will promptly furnish such documents and information to the
Purchasers. 
 14.8. No Reliance on Agent’s Customer Identification Program. Each Purchaser acknowledges and agrees that neither
such Purchaser, nor any of its Affiliates, participants or assignees, may rely on Agent to carry out such Purchaser’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or
imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law,
including any programs involving any of the following items relating to or in connection with any Note Party, its Affiliates or its agents, this Agreement, the other Note Documents or the transactions hereunder or contemplated hereby: (a) any
identity verification procedures, (b) any record-keeping, (c) comparisons with government lists, (d) customer notices or (e) other procedures required under the CIP Regulations or such other laws. 

  
 133 

 14.9. Agent May File Proof of Claim. In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Note Party, Agent (irrespective of whether the principal of any Note shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether Agent shall have made any demand on the Issuer) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Notes and all other
Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Purchasers and Agent (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Purchasers and Agent and their respective agents and counsel and all other amounts due the Purchasers and Agent under the Note Documents) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Purchaser to make such payments to Agent and, in the event that Agent shall consent to the making
of such payments directly to the Purchasers, to pay to Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Agent and its respective agents and counsel, and any other amounts due Agent under the Note
Documents. 
 XV. GUARANTY. 
 15.1.
Guarantee of Obligations. Each Guarantor unconditionally guarantees that the Obligations will be performed and paid in full in cash when due and payable, whether at the stated or accelerated maturity thereof or otherwise, this guarantee being
a guarantee of payment and not of collectability and being absolute and in no way conditional or contingent (the “Guarantee”). In the event any part of the Obligations shall not have been so paid in full when due and payable, each
Guarantor will, immediately upon notice by the Agent or, without notice, immediately upon the occurrence of an Event of Default under Section 10.7, pay or cause to be paid to Agent for the account of each Purchaser in accordance with the
Purchaser’s proportionate share of such Obligations which are then due and payable and unpaid. The obligations of each Guarantor hereunder shall not be affected by the invalidity, unenforceability or irrecoverability of any of the Obligations
as against the Issuer, any other Note Party, any other guarantor thereof or any other Person. For purposes hereof, the Obligations shall be due and payable when and as the same shall be due and payable under the terms of this Agreement or any other
Note Document notwithstanding the fact that the collection or enforcement thereof may be stayed or enjoined under Debtor Relief Laws or other Applicable Law. 

15.2. Continuing Obligation. Each Guarantor acknowledges that the Purchasers have entered into this Agreement (and, to the extent that
the Purchasers or the Agent may enter into any future Note Document, will have entered into such agreement) in reliance on this Article XV being a continuing irrevocable agreement, and such Guarantor agrees that its guarantee may not be revoked in
whole or in part. The obligations of the Guarantors hereunder shall terminate when all of the Obligations have been paid in full in cash and discharged; provided, however, that: 

  
 134 

 (a) if a claim is made upon the Purchasers at any time for repayment or recovery of any amounts
or any property received by the Purchasers from any source on account of any of the Obligations and the Purchasers repay or return any amounts or property so received (including interest thereon to the extent required to be paid by the Purchasers);
or 
 (b) if the Purchasers become liable for any part of such claim by reason of (i) any judgment or order of any court or
administrative authority having competent jurisdiction, or (ii) any settlement or compromise of any such claim, 
 (c) then in either
case the Guarantors shall remain liable under this Agreement for the amounts so repaid or property so returned or the amounts for which the Purchasers become liable (such amounts being deemed part of the Obligations) to the same extent as if such
amounts or property had never been received by the Purchasers, notwithstanding any termination hereof or the cancellation of any instrument or agreement evidencing any of the Obligations. Not later than five days after receipt of notice from Agent
or the Required Purchasers, the Guarantors shall pay to the Agent, for the benefit of the Purchasers, an amount equal to the amount of such repayment or return for which the Purchasers have so become liable. Payments hereunder by a Guarantor may be
required by Agent on any number of occasions. 
 15.3. Waivers with Respect to Obligations. Except to the extent expressly required
by this Agreement or any other Note Document, each Guarantor waives, to the fullest extent permitted by the provisions of applicable law, all of the following (including all defenses, counterclaims and other rights of any nature based upon any of
the following): 
 (a) presentment, demand for payment and protest of nonpayment of any of the Obligations, and notice of protest, dishonor
or nonperformance; 
 (b) notice of acceptance of this guarantee and notice that the Notes have been sold by the Issuer hereunder in
reliance on such Guarantor’s guarantee of the Obligations; 
 (c) notice of any Default or of any inability to enforce performance of
the obligations of the Issuer or any other Person with respect to any Note Document or notice of any acceleration of maturity of any Obligations; 

(d) demand for performance or observance of, and any enforcement of any provision of this Agreement, the Obligations or any other Note
Document or any pursuit or exhaustion of rights or remedies with respect to any Collateral or against the Issuer or any other Agent or any Purchaser in connection with any of the foregoing; 

(e) any act or omission on the part of Agent or any Purchaser which may impair or prejudice the rights of such Guarantor, including rights to
obtain subrogation, exoneration, contribution, indemnification or any other reimbursement from the Issuer or any other Person, or otherwise operate as a deemed release or discharge; 

(f) failure or delay to perfect or continue the perfection of any security interest in any Collateral or any other action which harms or
impairs the value of, or any failure to preserve or protect the value of, any Collateral; 

  
 135 

 (g) any statute of limitations or any statute or rule of law which provides that the obligation
of a surety must be neither larger in amount nor in other respects more burdensome than the obligation of the principal; 
 (h) any
“single action” or “antideficiency” law which would otherwise prevent any Purchaser from bringing any action, including any claim for a deficiency, against such Guarantor before or after Agent’s or the Purchasers’
commencement or completion of any foreclosure action, whether judicially, by exercise of power of sale or otherwise, or any other law which would otherwise require any election of remedies by Agent or any Purchaser; 

(i) all demands and notices of every kind with respect to the foregoing; and 

(j) to the extent not referred to above, all defenses (other than payment) which the Issuer may now or hereafter have to the payment of the
Obligations, together with all suretyship defenses, which could otherwise be asserted by such Guarantor. 
 15.4. Purchasers’ Power
to Waive, etc. Notwithstanding anything to the contrary herein, with respect to this Article XV, each Guarantor grants to Agent and each of the Purchasers full power in their discretion, without notice to or consent of such Guarantor, such
notice and consent being expressly waived to the fullest extent permitted by applicable law, and without in any way affecting the liability of such Guarantor under its guarantee hereunder: 

(a) To waive compliance with, and any Default under, and to consent to any amendment to or modification or termination of any provision of, or
to give any waiver in respect of, this Agreement, any other Note Document, the Collateral, the Obligations or any guarantee thereof (each as from time to time in effect); 

(b) To grant any extensions of the Obligations (for any duration), and any other indulgence with respect thereto, and to effect any total or
partial release (by operation of law or otherwise), discharge, compromise or settlement with respect to the obligations of the Note Parties or any other Person in respect of the Obligations, whether or not rights against such Guarantor under this
Agreement are reserved in connection therewith; 
 (c) To take security in any form for the Obligations, and to consent to the addition to
or the substitution, exchange, release or other disposition of, or to deal in any other manner with, any part of any property contained in the Collateral whether or not the property, if any, received upon the exercise of such power shall be of a
character or value the same as or different from the character or value of any property disposed of, and to obtain, modify or release any present or future guarantees of the Obligations and to proceed against any of the Collateral or such guarantees
in any order; 
 (d) To collect or liquidate or realize upon any of the Obligations or the Collateral in any manner or to refrain from
collecting or liquidating or realizing upon any of the Obligations or the Collateral; and 

  
 136 

 (e) To extend additional credit, if any, under this Agreement, any other Note Document or
otherwise in such amount as the Purchasers may determine, including increasing the amount of credit and the interest rate and fees with respect thereto, even though the condition of the Note Parties (financial or otherwise, on an individual or
consolidated basis) may have deteriorated since the date hereof. 
 15.5. Information Regarding the Issuer, etc. Each Guarantor has
made such investigation as it deems desirable of the risks undertaken by it in entering into this Agreement and is fully satisfied that it understands all such risks. Each Guarantor waives any obligation which may now or hereafter exist on the part
of Agent or any Purchaser to inform it of the risks being undertaken by entering into this Agreement or of any changes in such risks and, from and after the date hereof, each Guarantor undertakes to keep itself informed of such risks and any changes
therein. Each Guarantor expressly waives any duty which may now or hereafter exist on the part of Agent or any Purchaser to disclose to such Guarantor any matter related to the business, operations, character, collateral, credit, condition
(financial or otherwise), income or prospects of the Issuer and its Affiliates or their properties or management, whether now or hereafter known by Agent or any Purchaser. Each Guarantor represents, warrants and agrees that it assumes sole
responsibility for obtaining from the Issuer all information concerning this Agreement and all other Note Documents and all other information as to the Issuer and its Affiliates or their properties or management as such Guarantor deems necessary or
desirable. 
 15.6. Certain Guarantor Representations. Each Guarantor represents that: 

(a) it is in its best interest and in pursuit of the purposes for which it was organized as an integral part of the business conducted and
proposed to be conducted by the Issuer and its Subsidiaries, and reasonably necessary and convenient in connection with the conduct of the business conducted and proposed to be conducted by them, to induce the Purchasers to enter into this Agreement
and to purchase the Notes from the Issuer by making the Guarantee contemplated by this Article XV; 
 (b) the proceeds from the sale
of the Notes will directly or indirectly inure to its benefit; 
 (c) by virtue of the foregoing it is receiving at least reasonably
equivalent value from the Purchasers for its Guarantee; 
 (d) it will not be rendered insolvent as a result of entering into this Agreement
after taking into account its respective contribution rights under Section 15.9; 
 (e) after giving effect to the transactions
contemplated by this Agreement and the other Note Documents, it will have assets having a fair saleable value in excess of the amount required to pay its probable liability on its existing debts as such debts become absolute and matured; 

(f) it has, and will have, access to adequate capital for the conduct of its business; 

(g) it has the ability to pay its debts from time to time incurred in connection therewith as such debts mature; and 

  
 137 

 (h) it has been advised that the Purchasers are unwilling to enter into this Agreement unless the
Guarantee contemplated by this Article XV is given by it. 
 15.7. Subrogation. Each Guarantor agrees that, until the Obligations are
paid in full, it will not exercise any right of reimbursement, subrogation, contribution, offset or other claims against the Issuer or any other Note Party arising by contract or operation of law in connection with any payment made or required to be
made by such Guarantor under this Agreement or any other Note Document. After the payment in full of the Obligations, each Guarantor shall be entitled to exercise against the Issuer and the other Note Parties all such rights of reimbursement,
subrogation, contribution and offset, and all such other claims, to the fullest extent permitted by law. 
 15.8. Subordination. Each
Guarantor covenants and agrees that all Indebtedness, claims and liabilities now or hereafter owing by the Issuer or any other Note Party to such Guarantor, whether arising hereunder or otherwise, are subordinated to the prior payment in full of the
Obligations and are so subordinated as a claim against such Note Party or any of its assets, whether such claim be in the ordinary course of business or in the event of voluntary or involuntary liquidation, dissolution, insolvency or bankruptcy, so
that no payment with respect to any such Indebtedness, claim or liability will be made or received while any Event of Default exists. If, notwithstanding the foregoing, any payment with respect to any such Indebtedness, claim or liability is
received by any Guarantor in contravention of this Agreement, such payment shall be held in trust for the benefit of Agent and the Purchasers and promptly turned over to it in the original form received by such Guarantor. 

15.9. Contribution Among Guarantors. The Guarantors agree that, as among themselves in their capacity as guarantors of the Obligations,
the ultimate responsibility for repayment of the Obligations, in the event that the Issuer fails to pay when due its Obligations, shall be equitably apportioned, to the extent consistent with the Note Documents, among the respective Guarantors
(a) in the proportion that each, in its capacity as a guarantor, has benefited from the proceeds resulting from the sale of the Notes by the Issuer under this Agreement, or (b) if such equitable apportionment cannot reasonably be
determined or agreed upon among the affected Guarantors, in proportion to their respective net worths determined on or about the date hereof (or such later date as such Guarantor becomes party hereto). In the event that any Guarantor, in its
capacity as a guarantor, pays an amount with respect to the Obligations in excess of its proportionate share as set forth in this Section 15.9 each other Guarantor shall, to the extent consistent with the Note Documents, make a contribution
payment to such Guarantor in an amount such that the aggregate amount paid by each Guarantor reflects its proportionate share of the Obligations. In the event of any default by any Guarantor under this Section 15.9 each other Guarantor will
bear, to the extent consistent with the Note Documents, its proportionate share of the defaulting Guarantor’s obligation under this Section 15.9. This Section 15.9 is intended to set forth only the rights and obligations of the
Guarantors among themselves and shall not in any way affect the obligations of any Guarantor to Agent or any Purchaser under the Note Documents (which obligations shall at all times constitute the joint and several obligations of all the
Guarantors). 

  
 138 

 XVI. MISCELLANEOUS. 

16.1. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applied to
contracts to be performed wholly within the State of New York. Any judicial proceeding brought by or against any Note Party with respect to any of the Obligations, this Agreement, the other Note Documents or any related agreement may be brought in
any court of competent jurisdiction in the City of New York, Borough of Manhattan, State of New York, United States of America, and, by execution and delivery of this Agreement, each Note Party accepts for itself and in connection with its
properties, generally and unconditionally, the exclusive jurisdiction of the aforesaid courts, and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Agreement. Each Note Party hereby waives personal service of
any and all process upon it and consents that all such service of process may be made by registered mail (return receipt requested) directed to the Issuer at its address set forth in Section 16.9 and service so made shall be deemed completed
five (5) days after the same shall have been so deposited in the mails of the United States of America, or, at Agent’s option, by service upon the Issuer which each Note Party irrevocably appoints as such Note Party’s agent for the
purpose of accepting service within the State of New York. Nothing herein shall affect the right to serve process in any manner permitted by law or shall limit the right of Agent or any Purchaser to bring proceedings against any Note Party in the
courts of any other jurisdiction. Each Note Party waives any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. Each Note
Party waives the right to remove any judicial proceeding brought against such Note Party in any state court to any federal court. Any judicial proceeding by any Note Party against Agent or any Purchaser involving, directly or indirectly, any matter
or claim in any way arising out of, related to or connected with this Agreement or any related agreement, shall be brought only in a federal or state court located in the City of New York, Borough of Manhattan, County of New York, State of New York.

 16.2. Entire Understanding. 

(a) This Agreement and the documents executed concurrently herewith contain the entire understanding between each Note Party, Agent and each
Purchaser and supersedes all prior agreements and understandings, if any, relating to the subject matter hereof. Any promises, representations, warranties or guarantees not herein contained and hereinafter made shall have no force and effect unless
in writing, signed by each of the Issuer’s, Agent’s and each Purchaser’s respective officers. Neither this Agreement nor any portion or provisions hereof may be changed, modified, amended, waived, supplemented, discharged, cancelled
or terminated orally or by any course of dealing, or in any manner other than by an agreement in writing and in accordance with this Agreement. Each Note Party acknowledges that it has been advised by counsel in connection with the execution of this
Agreement and the other Note Documents and is not relying upon oral representations or statements inconsistent with the terms and provisions of this Agreement. 

(b) The Required Purchasers (or the Agent with the consent in writing of the Required Purchasers) and Issuer may, subject to the provisions of
this Section 16.2(b), from time 

  
 139 

 
to time enter into written supplemental agreements to this Agreement or the other Note Documents executed by the Note Parties, for the purpose of adding or deleting any provisions or otherwise
changing, varying or waiving in any manner the rights of the Purchasers, Agent or the Note Parties thereunder or the conditions, provisions or terms thereof or waiving any Event of Default thereunder, but only to the extent specified in such written
agreements; provided, however, that no such supplemental agreement shall be effective if the effect would: 
 (i) increase the maximum
dollar commitment of any Purchaser unless consented to in writing by such Purchaser; 
 (ii) extend the maturity of any Note or the due
date for any amount payable hereunder, or decrease the rate of interest or reduce any fee payable hereunder or under any other Note Document, in each case, unless consented to in writing by each Purchaser directly and adversely affected thereby;

 (iii) alter the definition of the term Required Purchasers or alter, amend or modify this Section 16.2(b) unless consented to in
writing by each Purchaser; 
 (iv) in each case, other than in connection with a transaction permitted under Section 7.1,
(i) release all or substantially all of the Collateral in any transaction or series of related transactions, unless consented to in writing by each Purchaser or (ii) release all or substantially all of the aggregate value of the Guarantee,
unless consented to in writing by each Purchaser; 
 (v) change the rights and duties of the Agent, or adversely affect the rights, duties,
liabilities or indemnities of the Agent, unless consented to in writing by the Required Purchasers and Agent; 
 Any such supplemental
agreement shall apply equally to each Purchaser and shall be binding upon the Note Parties, the Purchasers and Agent and all future holders of the Obligations. In the case of any waiver, the Note Parties, Agent and Purchasers shall be restored to
their former positions and rights, and any Event of Default waived shall be deemed to be cured and not continuing, but no waiver of a specific Event of Default shall extend to any subsequent Event of Default (whether or not the subsequent Event of
Default is the same as the Event of Default which was waived), or impair any right consequent thereon. 
 Notwithstanding anything to the
contrary herein, no Defaulting Purchaser shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Purchasers or each affected
Purchaser may be effected with the consent of the applicable Purchasers other than Defaulting Purchasers), except that (x) the Commitment of any such Defaulting Purchaser may not be increased or extended without the consent of such Purchaser,
(y) any waiver, amendment or modification requiring the consent of all Purchasers or each affected Purchaser that by its terms materially and adversely affects any Defaulting Purchaser to a greater extent than any other affected Purchaser shall
require the consent of such Defaulting Purchaser and (x) the consent of any Defaulting Purchaser shall be required in respect of any amendments referred to in clauses (i) through (iii) of Section 16.2. 

  
 140 

 In the event that (i) the Issuer has requested that the Purchasers consent to a departure or
waiver of any provisions of the Note Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of all the Purchasers and (iii) the Required Purchasers have agreed to such consent,
waiver or amendment, then with respect to any Purchaser that has not so consented (such Purchaser, a “Non-Consenting Purchaser”), the Issuer may, at its sole expense and effort, upon notice to such Non-Consenting Purchaser and the
Agent, require such Non-Consenting Purchaser to sell, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 16.3(c)), all of its interests, rights and obligations with respect to
the Notes or Commitments that is the subject of the related consent, waiver and amendment and the related Note Documents to one or more existing Purchasers or new Purchasers eligible under Section 16.3(c) (provided that neither the Agent nor
any Purchaser shall have any obligation to the Issuer to find a replacement Purchaser or other such Person) that shall acquire such obligations (any of which assignees may be another Purchaser, if a Purchaser accepts such assignment),
provided that (1) such sale must comply with the provisions of Section 16.3(c) and (2) such Non-Consenting Purchaser shall have received payment of an amount equal to the applicable outstanding principal of its Notes, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Note Documents (including the full amount of the Prepayment Premium, if any, under Section 2.4(b)) from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Issuer (to the extent amounts are due and owing to the Non-Consenting Purchaser in excess of amounts due from the assignee). A Non-Consenting Purchaser shall not be required to consummate
any such sale or delegation if, prior thereto, as a result of a waiver by such Non-Consenting Purchaser or otherwise, the circumstances entitling the Issuer to require such sale and delegation cease to apply. If any Non-Consenting Purchaser shall
refuse or fail to execute and deliver any Assignment and Assumption required pursuant to Section 16.3 within ten (10) Business Days of any request therefor by the Agent, the Issuer or any Purchaser, the Non-Consenting Purchaser shall
automatically be deemed to have executed and delivered such Assignment and Assumption. 
 16.3. Successors and Assigns; Participations;
New Purchasers. 
 (a) This Agreement shall be binding upon and inure to the benefit of the Note Parties, Agent, each Purchaser, all
future holders of the Obligations and their respective successors and assigns, except that no Note Party may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Purchaser. Nothing in
this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, Affiliates of the
Purchasers) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Each Note Party acknowledges that one
or more Purchasers may at any time and from time to time sell, assign or transfer one or more participating interests in the Notes to other financial institutions (each such transferee or purchaser of a participating interest, a

  
 141 

 
“Participant”). No Participant, other than an Affiliate of the Purchaser granting such participation, shall be entitled to require such Purchaser to take or omit to take any
action hereunder except with respect to any amendment, modification or waiver that would (i) extend the scheduled maturity of any Note in which such Participant is participating, or reduce the rate or extend the time of payment of interest or
fees thereon (except in connection with a waiver of applicability of any post-Default increase in interest rates) or reduce the principal amount thereof, or increase the amount of the Participant’s participation over the amount thereof then in
effect (it being understood that a waiver of any Default or Event of Default shall not constitute a change in the terms of such participation, and that an increase in the principal amount of any Note shall be permitted without the consent of any
Participant if the Participant’s participation is not increased as a result thereof), or (ii) consent to the release of all or substantially all of the value of the Guarantee, or all or substantially all of the Collateral. The Issuer
agrees that each Participant shall be entitled to the benefits of Sections 3.10 hereof to the same extent as if it were a Purchaser and had acquired its interest by assignment pursuant to paragraph (c) of this Section 16.3, and that each
Participant may exercise all rights of payment (including rights of set-off) with respect to the portion of such Notes held by it or other Obligations payable hereunder as fully as if such Participant were the direct holder thereof provided that the
Issuer shall not be required to pay to any Participant more than the amount which it would have been required to pay to Purchaser which granted an interest in its Notes or other Obligations payable hereunder to such Participant had such Purchaser
retained such interest in the Notes hereunder or other Obligations payable hereunder (unless the sale of the participation to such Participant is made with the Issuer’s prior written consent), and in no event shall the Issuer be required to pay
any such amount arising from the same circumstances and with respect to the same Notes or other Obligations payable hereunder to both such Purchaser and such Participant. Each Purchaser that sells a participation, acting solely for this purpose as
an agent of the Issuer, shall maintain a register on which it records the name and address of each Participant and the principal amounts of each Participant’s interest in the Notes (each, a “Participant Register”). The entries
in the Participant Register shall be conclusive absent manifest error, and the Issuer shall treat each Person whose name is recorded in the Participant Register pursuant to the terms hereof as the holder of such Notes for all purposes of this
Agreement, notwithstanding any notice to the contrary. Each Note Party hereby grants to any Participant a continuing security interest in any deposits, moneys or other property actually or constructively held by such Note Party as security for the
Participant’s interest in the Notes. In connection with any participation contemplated hereby (A) such Purchaser’s obligations under this Agreement and the other Note Documents shall remain unchanged, (B) such Purchaser shall
remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Note Parties, the Agent and the other Purchasers shall continue to deal solely and directly with such Purchaser in connection with such
Purchaser’s rights and obligations under this Agreement and the other Note Documents. Any agreement or instrument pursuant to which a Purchaser sells such a participation shall provide that such Purchaser shall retain the sole right to enforce
this Agreement and the other Note Documents and, except for the rights of a Participant set forth in this Section 16.3(b), to approve any amendment, modification or waiver of any provision of this Agreement and the other Note Documents.
Notwithstanding anything to the contrary contained herein, no Purchaser shall be permitted to effect any sale, assignment or transfer of any rights or obligations under or relating to the Notes or any of its Commitments if, as a result of such sale,
assignment or transfer, any Note Party would be required to become a reporting company under the Exchange Act. Any transfer in violation of the foregoing will be void ab initio. 

  
 142 

 (c) Any Purchaser may sell, assign or transfer all or any part of its rights and obligations
under or relating to its Notes and/or its Commitments to any (i) existing Purchaser, Related Fund or Affiliate of a Purchaser; or (ii) any other Person (other than indirect holders of the Equity Interests of Holdings and their respective
Affiliates, including the Note Parties and their Subsidiaries, except as set forth in clauses (d) and (e) below), provided, that such Purchaser may not sell, assign or transfer to any Disqualified Person; provided,
further, that in the case of clause (ii), such sale, assignment or transfer shall be in a minimum amount of not less than $500,000 (the “Minimum Transfer Level”) except in the case of an assignment of all of a
Purchaser’s rights and obligations under this Agreement, provided, that the Minimum Transfer Level shall be met if the aggregate principal amount of the Notes and/or Commitments to be sold, assigned, transferred, or negotiated hereunder
in a single transaction or series of related transactions by any Purchaser or group of affiliated Purchasers to a single transferee or group of affiliated transferees exceeds the Minimum Transfer Level. Such sale, assignment, or transfer shall be
effected pursuant to an Assignment and Assumption, executed by a new Purchaser, the transferor Purchaser, and Agent and delivered to Agent for recording. Upon such execution, delivery, acceptance and recording, from and after the transfer effective
date determined pursuant to such Assignment and Assumption, (i) new Purchaser thereunder shall be a party hereto and, to the extent provided in such Assignment and Assumption, have the rights and obligations of a Purchaser under this Agreement,
and (ii) the transferor Purchaser thereunder shall, to the extent provided in such Assignment and Assumption, be released from its obligations under this Agreement, the Assignment and Assumption creating a novation for that purpose. Such
Assignment and Assumption shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect the addition of such new Purchaser and the resulting adjustment of the Commitments arising from the purchase by such new
Purchaser of all or a portion of the rights and obligations of such transferor Purchaser under this Agreement and the other Note Documents. The Issuer consents to the addition of such new Purchaser and the resulting adjustment of the rights and
obligations of the Purchasers arising from the purchase by such new Purchaser of all or a portion of the rights and obligations of such transferor Purchaser under this Agreement and the other Note Documents made in compliance with this
Section 16.3(c). Upon the reasonable request of the Issuer, such new Purchaser shall deliver customary certificates confirming the representations and warranties of such new Purchaser pursuant to Article XVII hereof. Notwithstanding anything to
the contrary contained herein, no Purchaser shall be permitted to effect any sale, assignment or transfer of any rights or obligations under or relating to its Notes or its Commitments if, as a result of such sale, assignment or transfer, any Note
Party would be required to become a reporting company under the Exchange Act. Any transfer in violation of the foregoing will be void ab initio. In no event shall the Issuer or any of its subsidiaries consent to the sale, assignment,
transfer or participation of any loans or commitments under the First Lien Term Loan Agreement to any Person that is a Disqualified Person. 

(d) Any Purchaser may at any time assign all or a portion of its rights and obligations with respect to Notes under this Agreement to the
indirect holders of the Equity Interests of Holdings and their respective Affiliates (other than the Note Parties and their 

  
 143 

 
Subsidiaries) (in such capacity, the “Affiliated Purchasers” and each, an “Affiliated Purchaser”), through (x) Dutch auctions or other offers to purchase
open to all Purchasers on a pro rata basis or (y) open market purchase on a non-pro rata basis, in each case subject to the following limitations: 

(i) the assigning Purchaser and the Affiliated Purchaser purchasing such Purchaser’s Term Notes shall execute and deliver to Agent and
the other Purchasers an assignment agreement substantially in the form of Exhibit 16.3(d)(A) hereto (an “Affiliated Purchaser Assignment and Assumption”); 

(ii) Affiliated Purchasers will not receive information provided solely to Purchasers by Agent or any Purchaser and will not be permitted to
attend or participate in conference calls or meetings attended solely by the Purchasers and Agent, other than the right to receive notices of prepayments and other administrative notices in respect of its Notes or Commitments required to be
delivered to Purchasers pursuant to Article II; 
 (iii) For purposes of determining whether the “Required Purchasers” have
consented to (or not consented to) any amendment, waiver or modification of this Agreement or the other Note Documents, or any plan of reorganization that does not in each case adversely affect the Affiliated Purchasers (solely in their capacity as
Purchasers of Notes) as compared to other affected Purchasers of Notes, such Affiliated Purchasers shall be deemed to have voted in the same proportion as non-Affiliated Purchasers voting on such matter; 

(iv) each Affiliated Purchaser that purchases any Notes shall represent and warrant to the selling Purchaser and Agent (other than any other
Affiliated Purchaser), or shall make a statement that such representation cannot be made, that it does not possess material non-public information with respect to Holdings and its Subsidiaries or the securities of any of them that has not been
disclosed to the Purchasers generally (other than Purchasers who elect not to receive such information); 
 (v) the aggregate principal
amount of Notes held at any one time by Affiliated Purchasers shall not exceed 25% of the original principal amount of all Notes at such time outstanding; (such percentage, the “Affiliated Purchaser Cap”); provided
that to the extent any assignment to an Affiliated Purchaser would result in the aggregate principal amount of all Notes held by Affiliated Purchasers exceeding the Affiliated Purchaser Cap, the assignment of such excess amount will be void ab
initio; and 
 (vi) as a condition to each assignment pursuant to this clause (d), Agent, the other Purchasers and the Issuer shall
have been provided a notice in the form of Exhibit 16.3(d)(B) to this Agreement in connection with each assignment to an Affiliated Purchaser or a Person that upon effectiveness of such assignment would constitute an Affiliated Purchaser
pursuant to which such Affiliated Purchaser shall waive any right to bring any action in connection with such Notes against Agent, in its capacity as such. 

Each Affiliated Purchaser agrees to notify Agent and the other Purchasers promptly (and in any event within ten (10) Business Days) if it
acquires any Person who is also a Purchaser, 

  
 144 

 
and each Purchaser agrees to notify Agent and the other Purchasers promptly (and in any event within ten (10) Business Days) if it becomes an Affiliated Purchaser. Such notice shall contain
the type of information required and be delivered to the same addressee as set forth in Exhibit 16.3(d)(B). 
 Notwithstanding
anything to the contrary contained herein, any Affiliated Purchaser that has purchased Notes pursuant to this subsection (d) may, in their sole discretion, contribute, directly or indirectly, principal amount of such Notes, plus all accrued and
unpaid interest thereon, to the Issuer for the purpose of cancelling and extinguishing such Term Notes. Upon the date of such contribution, assignment or transfer, (x) the aggregate outstanding principal amount of Notes shall reflect such
cancellation and extinguishing of the Notes then held by the Issuer and (y) the Issuer shall promptly provide notice to Agent of such contribution of such Notes and the Issuer, upon receipt of such notice, shall reflect the cancellation of the
applicable Notes in the Register. 
 (e) Any Purchaser may, so long as no Default or Event of Default has occurred and is continuing, at any
time, assign all or a portion of its rights and obligations with respect to Notes under this Agreement to the Issuer through (x) Dutch auctions or other offers to purchase open to all Purchasers on a pro rata basis or (y) open market
purchase on a non-pro rata basis; provided that (i) the principal amount of such Notes, along with all accrued and unpaid interest thereon, so assigned or transferred to the Issuer shall be deemed automatically cancelled and extinguished
on the date of such assignment or transfer, (ii) the aggregate outstanding principal amount of Notes of the remaining Purchasers shall reflect such cancellation and extinguishing of the Notes then held by the Issuer and (iii) the Issuer
shall promptly provide notice to Agent and the Purchasers of such assignment, transfer and cancellation of such Notes, and the Issuer shall reflect the cancellation of the applicable Notes in the Register. 

(f) (i) Each Note Party authorizes each Purchaser to disclose to any prospective purchaser any and all financial information in such
Purchaser’s possession concerning such Note Party which has been delivered to such Purchaser by or on behalf of such Note Party pursuant to this Agreement or in connection with such Purchaser’s credit evaluation of such Note Party and
(ii) the Issuer authorizes each Purchaser to disclose to any prospective purchaser any and all information specified in, and meeting the requirements of Rule 144A(d)(4) under the Securities Act which has been delivered to such Purchaser by the
Issuer pursuant to Section 16.4 hereof, in each case, solely to the extent such prospective purchaser agrees to substantially similar confidentiality provisions as set forth in Section 16.18 hereof in favor of the Issuer. 

(g) In addition to any other assignment or participation permitted pursuant to this Section 16.3, any Purchaser may assign and/or pledge
all or any portion of its Notes and the other Obligations owed by or to such Purchaser, to secure obligations of such Purchaser, including, without limitation, to any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board
of Governors and any operating circular issued by such Federal Reserve Bank or any central bank; provided, no Purchaser, as between the Issuer and such Purchaser, shall be relieved of any of its obligations hereunder as a result of any such
assignment and pledge, and provided further, in no event shall the applicable Federal Reserve Bank, central bank, pledgee or trustee be considered to be a “Purchaser” or be entitled to require the assigning Purchaser to take
or omit to take any action hereunder. 

  
 145 

 (h) Upon original issuance thereof, and until such time as the same is no longer required under
the applicable requirements of the Securities Act, the Notes (and all Notes issued in exchange therefor or substitution thereof) shall bear the following legend: 

“THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THE HOLDER MAY NOT
OFFER, SELL, TRANSFER, ASSIGN, PLEDGE, HYPOTHECATE, OR OTHERWISE DISPOSE OF OR ENCUMBER THIS NOTE EXCEPT (I) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PROSPECTUS UNDER THE SECURITIES ACT AND THE RULES AND REGULATIONS PROMULGATED
THEREUNDER AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAW, RESPECTIVELY, OR WITH AN EXEMPTION FROM SUCH REGISTRATION OR PROSPECTUS REQUIREMENTS AND (II) IN COMPLIANCE WITH SECTION 16.3 OF THAT CERTAIN NOTE PURCHASE AGREEMENT DATED AUGUST
8, 2014, AMONG THE ISSUER, HOLDINGS, THE PURCHASERS FROM TIME TO TIME PARTY THERETO, THE AGENT AND THE OTHER NOTE PARTIES FROM TIME TO TIME PARTY THERETO (EACH AS DEFINED THEREIN).” 

(i) In connection with any sale, assignment or transfer contemplated by this Section 16.3, it shall be a condition precedent to such
sale, assignment or transfer that, unless the Notes are registered under the Securities Act and applicable state securities laws (i) the prospective purchaser, assignee or transferee deliver to the Agent an administrative questionnaire in form
satisfactory to the Agent and (ii) either (A) the prospective purchaser, assignee or transferee deliver to the Issuer a written certification (1) that it is a QIB or (2) containing representations substantially similar to the
representations set forth in Article XVII hereof (other than the representations contained in (A) Section 17.3(ii), (B) the second sentence of Section 17.5 or (C) Section 17.7), but made by the prospective purchaser,
assignee or transferee with respect to the purchase, assignment or transfer of the Notes mutatis mutandis or (B) the prospective seller, assignor or transferor deliver to the Issuer a written certification in form an substance
reasonably satisfactory to the Issuer, that the prospective sale, assignment or transfer is being made pursuant to an exemption from registration under the Securities Act or the rules and regulations of the SEC thereunder, and applicable state
securities laws. Notwithstanding anything contained herein to the contrary, the Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer or exchange imposed under any applicable law
(including, without limitation, the Securities Act) with respect to any transfer or exchange of any interest in any Note (including any transfers or exchanges between or among Participants). 

16.4. Register. The Issuer shall keep at its principal office a register (the “Register”) in which the Issuer shall
provide for the registration of the Notes (including, without limitation, principal amounts and interest thereon) and the transfer of the same. Upon surrender for registration of transfer of any Notes in accordance with Section 16.3 at the
principal office of the Issuer and at the written request of the applicable Purchaser, the Issuer shall record such transfer 

  
 146 

 
in the Register and the Issuer shall, at its expense, promptly execute and deliver one or more new Notes, as applicable, of like tenor and of a like principal amount, registered in the name of
such transferee or transferees and, in the case of a transfer in part, a new Note in the appropriate amount registered in the names of such transferor. While the Notes are “restricted securities” within the meaning of Rule 144(a)(3) under
the Securities Act, the Issuer shall provide the Purchasers with the information specified in, and meeting the requirements of Rule 144A(d)(4) under the Securities Act in connection with any proposed transfer. The requirement that the ownership and
transfer of the Notes shall be reflected in the Register is intended to ensure that the Notes qualify as an obligation issued in “registered form” as that term is used in Sections 163(f), 871(h), and 881(c) of the Internal Revenue Code and
shall be interpreted accordingly and, notwithstanding anything to the contrary in this Agreement, no Notes (or any part thereof) may be sold, assigned or transferred without such sale, assignment or transfer being reflected in the Register. The
entries in the Register shall be conclusive absent demonstrable error, and each Person whose name is recorded in the Register shall be treated as the holder of the Note for all purposes under this Agreement; provided, failure to make any such
recordation, or any error in such recordation, shall not affect Issuer’s Obligations in respect of the Notes. The Register shall be available for inspection by any Purchaser (with respect to any entry relating to such Purchaser’s Note) at
any reasonable time and from time to time upon reasonable prior notice and a copy of the Register shall be provided to the Agent upon its request. 

16.5. Exchange. Notes may be exchanged at the option of any Purchaser thereof for Notes of a like aggregate principal amount, but in
different denominations. Whenever any Notes are so surrendered for exchange, the Issuer, at such Purchaser’s expense, will execute and deliver the Notes that the Purchaser making the exchange is entitled to receive. 

16.6. Replacement Notes. If any mutilated Note is surrendered to the Issuer and the Issuer receives evidence to its satisfaction of the
ownership and destruction, loss or theft of any Note, the Issuer shall issue a replacement Note. If required by the Issuer, an unsecured indemnity must be supplied by the applicable Purchaser that is sufficient in the judgment of the Issuer to
protect the Issuer from any loss that it may suffer if a Note is replaced. 
 16.7. Application of Payments. To the extent that any
Note Party makes a payment or Agent or any Purchaser receives any payment or proceeds of the Collateral for any Note Party’s benefit, which are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be
repaid to a trustee, debtor in possession, receiver, custodian or any other party under any bankruptcy law, common law or equitable cause, then, to such extent, the Obligations or part thereof intended to be satisfied shall be revived and continue
as if such payment or proceeds had not been received by Agent or such Purchaser. 
 16.8. Indemnity. 

(a) Except for taxes (other than Other Taxes) which shall be covered by Section 3.9 only, the Note Parties shall jointly and severally
indemnify Agent, each Purchaser and each of their respective Affiliates, successors and assigns and the officers, directors, attorneys, advisors, employees, agents, controlling persons and members of each of the foregoing (each an
“Indemnitee” and, collectively, the “Indemnitees”) from and against any and all 

  
 147 

 
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, all reasonable and reasonably documented out-of-pocket costs, expenses and disbursements (but limited, in the case
of legal fees, expenses and disbursements, to the number of counsel set forth in the paragraphs labeled “First” and “Third” in Section 11.6 of this Agreement), and actual and direct losses (other than lost profits) of such
Indemnitees arising out of or relating to any claim or any litigation, investigation, or other proceeding, in each case that relates to any transaction contemplated by this Agreement or the other Note Documents, except to the extent that any of the
foregoing arises out of (x) the fraud, gross negligence, bad faith or willful misconduct of or a material breach of this Agreement or the other Note Documents (except to the extent arising out of any action or omission taken or omitted to be
taken by the Agent at the written direction of the Required Purchasers) by the party being indemnified or its Affiliates and their respective officers, directors, employees, advisors and agents (as determined by a court of competent jurisdiction in
a final and non-appealable judgment), or (y) disputes solely among the Indemnitees (other than disputes involving the Agent) and not arising out of any act or omission of any Note Party or any of their Affiliates or (z) entering into a
settlement agreement related thereto without the written consent of the Issuer (such consent not to be unreasonably withheld, conditioned or delayed). No Note Party nor any of its respective Affiliates and Subsidiaries or the respective directors,
officers, employees, advisors and agents of the foregoing shall be liable for any indirect, special, punitive, or consequential damages (other than in respect of any such damages incurred or paid by an Indemnitee to a third party) in connection with
this Agreement or any other Note Document or the transactions contemplated hereby and thereby. Additionally, if any stamping, recording or similar taxes (“Other Taxes”) shall be payable by Agent, the Purchasers or the Note Parties
on account of the execution or delivery of this Agreement, or the execution, delivery, issuance or recording of any of the other Note Documents, or the creation or repayment of any of the Obligations hereunder, by reason of any Applicable Law now or
hereafter in effect, the Issuer will pay within 10 Business Days (or will promptly reimburse Agent and the Purchasers for payment thereof within 10 Business Days) all such Other Taxes, including interest and penalties thereon, and will indemnify and
hold the Indemnitees harmless from and against all liability in connection therewith provided, that the Issuer have received written demand therefore specifying in reasonable detail the nature and amount of such taxes. 

(b) To the extent that any of the Note Parties fail to pay any amount required to be paid by it to the Agent for the Agent’s own account
under paragraph (a) of this Section 16.8, each Purchaser severally agrees to pay to the Agent its pro rata share (based on the proportion that the then outstanding principal amount of the Notes held by such Purchaser bears to the aggregate
then outstanding principal amount of the Notes) of such unpaid amount; provided that no Purchaser shall be liable for the payment of any portion of such unpaid amount that is found by a final and non-appealable judgment of a court of competent
jurisdiction to have directly resulted solely and directly from the Agent’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable judgment). 

(c) The indemnities contained in this Section 16.8 shall survive the resignation or removal of the Agent and the termination of this
Agreement and the other Note Documents. 
 16.9. Notice. Any notice or request hereunder may be given to Issuer or to Agent or any
Purchaser at their respective addresses set forth below or at such other address as may 

  
 148 

 
hereafter be specified in a notice designated as a notice of change of address under this Section. Any notice, request, demand, direction or other communication (for purposes of this
Section 16.9 only, a “Notice”) to be given to or made upon any party hereto under any provision of this Agreement shall be given or made by telephone or in writing (which includes by means of electronic transmission (i.e.,
“e-mail”) or facsimile transmission or by setting forth such Notice on a site on the World Wide Web (a “Website Posting”) if Notice of such Website Posting (including the information necessary to access such site) has
previously been delivered to the applicable parties hereto by another means set forth in this Section 16.9) in accordance with this Section 16.9. Any such Notice must be delivered to the applicable parties hereto at the addresses and
numbers set forth under their respective names on Section 16.9 hereof or in accordance with any subsequent unrevoked Notice from any such party that is given in accordance with this Section 16.9. Any Notice shall be effective: 

(a) In the case of hand-delivery, when delivered; 

(b) If given by mail, four days after such Notice is deposited with the United States Postal Service, with first-class postage prepaid, return
receipt requested; 
 (c) In the case of a telephonic Notice, when a party is contacted by telephone, if delivery of such telephonic Notice
is confirmed no later than the next Business Day by hand delivery, a facsimile or electronic transmission, a Website Posting or an overnight courier delivery of a confirmatory Notice (received at or before noon on such next Business Day); 

(d) In the case of a facsimile transmission, when sent to the applicable party’s facsimile machine’s telephone number, if the party
sending such Notice receives confirmation of the delivery thereof from its own facsimile machine; 
 (e) In the case of electronic
transmission, when actually received; 
 (f) In the case of a Website Posting, upon delivery of a Notice of such posting (including the
information necessary to access such site) by another means set forth in this Section 16.9; and 
 (g) If given by any other means
(including by overnight courier), when actually received. 
 Any Purchaser giving a Notice to the Issuer or any Note Party shall
concurrently send a copy thereof to Agent, and Agent shall promptly notify the other Purchasers of its receipt of such Notice. 
 (A) If to
Agent at: 
 U.S. Bank National Association 

214 N. Tryon Street, 26th Floor 

Charlotte, NC 28202 
 Attention:
CDO Trust Services / James Hanley 
 Facsimile No: (704) 335-4670 

  
 149 

 Email: agency.services@usbank.com 

(B) If to a Purchaser, as specified on the signature pages hereof or in the Assignment and Assumption pursuant to which it became a party
hereto and to: 
 Ropes & Gray LLP 

1211 Avenue of the Americas 

New York, New York 10036 

Attention: Sunil W. Savkar, Esq. 

Telephone: (212) 841-5762 

Facsimile: (646) 728-1667 

(C) If to the Issuer or any Note Party: 

101 Keane Road 
 Lewis Run, PA
16738 
 Attention: Greg Powell 

Telephone: (814) 363-9380 

Facsimile: (814) 363-9334 
 with
a copy (which shall not constitute notice) to: 
 Schulte Roth & Zabel LLP 

919 Third Avenue 
 New York, New
York 10022 
 Attention: Kirby Chin, Esq. 

Telephone: (212) 756-2555 

Facsimile: (212)593-5955 
 and
to: 
 Cerberus Capital Management 

875 Third Avenue 
 New York, New
York 10022 
 Attention: Lisa Gray, Esq. 

Telephone: (212) 284-7925 

Facsimile: (212) 750-5212 

16.10. Survival. The obligations of the Note Parties under Section 16.8 and the obligations of the Purchasers under
Section 14.6, shall survive termination of this Agreement and the other Note Documents and payment in full of the Obligations. 

16.11. Severability. If any part of this Agreement is contrary to, prohibited by, or deemed invalid under Applicable Laws, such
provision shall be inapplicable and deemed omitted to the extent so contrary, prohibited or invalid, but the remainder hereof shall not be invalidated thereby and shall be given effect so far as possible. 

  
 150 

 16.12. Expenses. Except for taxes (other than Other Taxes) which shall be solely covered
by Section 3.9, (a) all reasonable and documented out-of-pocket costs and expenses including reasonable and documented attorneys’ fees and disbursements (but subject to the number of counsel set forth in the
paragraphsparagraph labeled “First”and “Third”in Section 11.6 of this Agreement) and disbursements incurred by Agent on its behalf or on behalf of the Purchasers
(aand (b) reasonable and documented attorney’s fees and disbursements (but subject to the number of counsel set forth in the paragraph labeled “Third” in Section 11.6 of this Agreement) incurred by the
Purchasers, in each case, (i) in all efforts made to enforce payment of any Obligation or effect collection of any Collateral or enforcement of this Agreement or any of the other Note Documents, or
(bii) in connection with the entering into, modification, amendment and administration of this Agreement or any of the other Note Documents or any consents or waivers hereunder or thereunder and all related agreements,
documents and instruments, or (ciii) in instituting, maintaining, preserving, enforcing and foreclosing on Agent’s security interest in or Lien on any of the Collateral, or maintaining, preserving or enforcing any of
Agent’s or any Purchaser’s rights hereunder or under any of the other Note Documents and under all related agreements, documents and instruments, whether through judicial proceedings or otherwise, or (div) in
defending or prosecuting any actions or proceedings arising out of or relating to Agent’s or any Purchaser’s transactions with any Note Party or (ev) in connection with the performance of its obligations under the
Note Documents or any advice given to Agent or any Purchaser with respect to its rights and obligations under this Agreement or any of the other Note Documents and all related agreements, documents and instruments, may be charged to the Issuer and
shall be part of the Obligations. 
 16.13. Injunctive Relief. Each Note Party recognizes that, in the event any Note Party fails to
perform, observe or discharge any of its obligations or liabilities under this Agreement, or threatens to fail to perform, observe or discharge such obligations or liabilities, any remedy at law may prove to be inadequate relief to the Purchasers;
therefore, Agent, if Agent so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that actual damages are not an adequate remedy. 

16.14. Consequential Damages. No Purchaser, nor any agent or attorney for any of the Purchasers, shall be liable to any Note Party (or
any Affiliate of any such Person) for indirect, special, punitive, exemplary or consequential damages (other than in respect of any such damages incurred or paid by a Note Party or any of its Affiliates to a third party) arising from any breach of
contract, tort or other wrong relating to the establishment, administration or collection of the Obligations or as a result of any transaction contemplated under this Agreement or any other Note Document. 

16.15. Captions. The captions at various places in this Agreement are intended for convenience only and do not constitute and shall not
be interpreted as part of this Agreement. 
 16.16. Counterparts; Facsimile Signatures. This Agreement may be executed in any number
of and by different parties hereto on separate counterparts, all of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement. Any signature delivered by a party by facsimile or
electronic transmission shall be deemed to be an original signature hereto. 

  
 151 

 16.17. Construction. The parties acknowledge that each party and its counsel have reviewed
this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments, schedules or exhibits thereto.

 16.18. Confidentiality; Sharing Information. Agent, each Purchaser and each new or prospective purchaser shall hold all non-public
information obtained by Agent, such Purchaser or such new or prospective purchaser pursuant to the requirements of this Agreement in accordance with Agent’s, such Purchaser’s and such new or prospective purchaser’s customary
procedures for handling confidential information of this nature; provided, however, Agent, each Purchaser and each new or prospective purchaser may disclose such confidential information (A) if required to do so by any applicable statute, law,
rule or regulation, (B) to any government agency or regulatory body having or claiming authority to regulate or oversee any respects of the Agent’s, Purchaser’s or new or prospective purchaser’s business or that of its
Affiliates, (C) pursuant to any subpoena, civil investigative demand or similar demand or request of any court, regulatory authority, arbitrator or arbitration to which the Agent, Purchaser or new or prospective purchaser or an Affiliate or an
officer, director, employer or shareholder thereof is a party, or (D) to any Affiliate, independent or internal auditor, agent, employee, investor or other funding source or attorney of the Agent, Purchaser or new or prospective purchaser
having a need to know the same, provided that the Agent, Purchaser or new or prospective purchaser, as applicable, advises such recipient of the confidential nature of the information being disclosed, or any other disclosure authorized by the
Issuer; provided, further, that in the event that the Agent, Purchaser or new or prospective purchaser is requested by its regulators, or is required by subpoena, court order or other similar process, to disclose confidential information, the Agent,
Purchaser or new or prospective purchaser, as applicable, will, unless otherwise requested by its regulators or prohibited by applicable law, provide the Issuer with notice thereof as promptly as practicable under the circumstances, it being agreed
that the Agent, Purchaser or new or prospective purchaser, as applicable, shall incur no liability for its failure to provide such notice. Each Note Party acknowledges that from time to time financial advisory, investment banking and other services
may be offered or provided to such Note Party or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Purchaser or by one or more Subsidiaries or Affiliates of such Purchaser and each Note Party hereby authorizes
each Purchaser to share any information delivered to such Purchaser by such Note Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Purchaser to enter into this Agreement, to any such Subsidiary or
Affiliate of such Purchaser, it being understood that any such Subsidiary or Affiliate of any Purchaser receiving such information shall be bound by the provisions of this Section 16.18 as if it were a Purchaser hereunder. Such authorization
shall survive the repayment of the other Obligations and the termination of this Agreement. 
 16.19. Publicity. Each Note Party
hereby authorizes the Purchasers to make appropriate announcements of the financial arrangement entered into among the Note Parties, Agent and the Purchasers, including announcements which are commonly known as tombstones, in such publications and
to such selected parties as any Purchaser shall deem appropriate. 

  
 152 

 16.20. Certifications From Banks and Participants; USA PATRIOT Act. Each Purchaser or
assignee or Participant of a Purchaser that is not incorporated under the laws of the United States of America or a state thereof (and is not excepted from the certification requirement contained in Section 313 of the USA PATRIOT Act and the
applicable regulations because it is both (i) an affiliate of a depository institution or foreign bank that maintains a physical presence in the United States or foreign country, and (ii) subject to supervision by a banking authority
regulating such affiliated depository institution or foreign bank) shall deliver to Agent the certification, or, if applicable, recertification, certifying that such Purchaser is not a “shell” and certifying to other matters as required by
Section 313 of the USA PATRIOT Act and the applicable regulations: (1) within 10 days after the Closing Date, and (2) as such other times as are required under the USA PATRIOT Act. 

16.21. INTERCREDITOR AGREEMENT. 

(a) PURSUANT TO THE EXPRESS TERMS OF THE INTERCREDITOR AGREEMENT, IN THE EVENT OF ANY CONFLICT OR INCONSISTENCY BETWEEN THE TERMS OF THE
INTERCREDITOR AGREEMENT AND ANY OF THE NOTE DOCUMENTS WITH RESPECT TO THE COLLATERAL OR THE REVOLVING CREDIT PRIORITY COLLATERAL, THE PROVISIONS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 

(b) EACH PURCHASER AUTHORIZES AND INSTRUCTS AGENT TO ENTER INTO THE INTERCREDITOR AGREEMENT ON BEHALF OF SUCH PURCHASER, AND TO TAKE ALL
ACTIONS (AND EXECUTE ALL DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT IN ACCORDANCE WITH THE TERMS OF SUCH INTERCREDITOR AGREEMENT. EACH PURCHASER AGREES TO BE BOUND BY AND WILL TAKE NO ACTIONS CONTRARY TO THE PROVISIONS OF THE INTERCREDITOR
AGREEMENT. 
 (c) THE PROVISIONS OF THIS SECTION 16.21 ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT PROVISIONS OF THE INTERCREDITOR AGREEMENT.
REFERENCE MUST BE MADE TO THE INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL TERMS AND CONDITIONS THEREOF. EACH PURCHASER IS RESPONSIBLE FOR MAKING ITS OWN ANALYSIS AND REVIEW OF THE INTERCREDITOR AGREEMENT AND THE TERMS AND PROVISIONS THEREOF,
AND NEITHER THE AGENT NOR ANY OF ITS AFFILIATES MAKES ANY REPRESENTATION TO ANY PURCHASER AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN THE INTERCREDITOR AGREEMENT. 

(d) THE PROVISIONS OF THIS SECTION 16.21 SHALL APPLY WITH EQUAL FORCE, MUTATIS MUTANDIS, TO THE INTERCREDITOR AGREEMENT, ANY SUBORDINATION
AGREEMENT AND ANY OTHER INTERCREDITOR AGREEMENT OR ARRANGEMENT PERMITTED BY THIS AGREEMENT. 

  
 153 

 16.22. USA PATRIOT Act. Each Purchaser that is subject to the USA Patriot Act and the
Agent (for itself and not on behalf of any Purchaser) hereby notifies the Issuer that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies each Note Party, which information
includes the name, address and tax identification number of such Note Party and other information regarding such Note Party that will allow such Purchaser or the Agent, as applicable, to identify such Note Party in accordance with the USA Patriot
Act. This notice is given in accordance with the requirements of the USA Patriot Act and is effective as to the Purchasers and the Agent. 

16.23. Anti-Terrorism Laws. 

(a) Each Note Party represents and warrants that (i) no Covered Entity is a Sanctioned Person and (ii) no Covered Entity, either in
its own right or through any third party, (A) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) does business in or with, or derives
any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; or (C) engages in any dealings or transactions prohibited by any Anti-Terrorism Law. 

(b) Each Note Party covenants and agrees that (i) no Covered Entity will become a Sanctioned Person, (ii) no Covered Entity, either
in its own right or through any third party, will (A) have any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) do business in or with, or
derive any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; (C) engage in any dealings or transactions prohibited by any Anti-Terrorism Law or
(D) use the proceeds of the issuance of the Notes to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law, (iii) the
funds used to repay the Obligations will not be derived from any unlawful activity, (iv) each Covered Entity shall comply with all Anti-Terrorism Laws and (v) each Note Party shall promptly notify the Agent and Purchasers in writing upon
the occurrence of a Reportable Compliance Event. 
 XVII. REPRESENTATION AND WARRANTIES OF THE PURCHASERS. 

In order to induce Holdings, the Issuer, the Agent and the other Note Parties to enter into this Agreement and, with respect to the Issuer, to
issue the Notes, each Purchaser individually (but not on behalf of any other Purchaser) represents, warrants and agrees for the benefit of Holdings, the Issuer, the Agent and the other Note Parties that: 

17.1. Legal Capacity; Due Authorization. Such Purchaser has full legal capacity, power and authority to execute and deliver this
Agreement and to perform its obligations hereunder and that this Agreement has been duly executed and delivered by such Purchaser and is the legal, valid and binding obligation of such Purchaser enforceable against it in accordance with the terms
hereof. 

  
 154 

 17.2. Restrictions on Transfer. Such Purchaser has been advised that the Notes have not
been registered under the Securities Act or any state securities laws and, therefore, cannot be resold unless (i) they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration
requirements is available and (ii) in compliance with Section 16.3 of this Agreement, and that the Notes may have to be held by such Purchaser for an indefinite period of time. Such Purchaser is aware that the Issuer is under no obligation
to effect any such registration with respect to the Notes or to file for or comply with any exemption from registration. Such Purchaser is purchasing the Notes to be acquired by such Purchaser hereunder for its own account and not with a view to, or
for resale in connection with, the distribution thereof in violation of the Securities Act. Notwithstanding anything to the contrary contained herein, such Purchaser acknowledges and agrees that it shall not be permitted to effect any sale,
assignment or transfer of the Notes if, as a result of such sale, assignment or transfer, any Note Party would be required to become a reporting company under the Exchange Act. 

17.3. Accredited Investor, etc. Such Purchaser has such knowledge and experience in financial and business matters so as to be capable
of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment and to bear the economic risk of such investment for an indefinite period of time. Such Purchaser (i) is an “accredited
investor” as that term is defined in Regulation D under the Securities Act, (ii) is a “qualified institutional buyer” as such term is defined in Rule 144A of the Securities Act (a “QIB”) and (iii) has been
represented by counsel in the purchase of the Notes to be purchased by it and is aware of the limitations of state and federal securities laws with respect to the disposition of the Notes. 

17.4. Reliance on Exemptions. Such Purchaser understands that the Notes are being offered and sold to it in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that the Issuer is relying in part upon the truth and accuracy of, and such Purchaser’s compliance with, the representations, warranties,
agreements, acknowledgments and understandings of such Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of such Purchaser to acquire the Notes. 

17.5. Information. Such Purchaser and its advisors, if any, have been furnished with all materials relating to the business, finances
and operations of the Issuer and materials relating to the offer and sale of the Notes that have been requested by such Purchaser. Such Purchaser and its advisors, if any, have been afforded the opportunity to ask questions of the Note Parties.
Neither such inquiries nor any other due diligence investigations conducted by such Purchaser or its advisors, if any, or its representatives shall modify, amend or affect such Purchaser’s right to rely on the representations and warranties of
the Note Parties contained herein. Such Purchaser understands that its investment in the Notes involves a high degree of risk and is able to afford a complete loss of such investment. Such Purchaser has sought such accounting, legal and tax advice
as it has considered necessary to make an informed investment decision with respect to its acquisition of the Notes. 
 17.6. No
Governmental Review. Such Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Notes or the fairness or suitability of
the investment in the Notes nor have such authorities passed upon or endorsed the merits of the offering of the Notes. 

  
 155 

 17.7. Validity; Enforcement. This Agreement has been duly and validly authorized, executed
and delivered on behalf of such Purchaser and shall constitute the legal, valid and binding obligations of such Purchaser enforceable against such Purchaser in accordance with its terms, except as such enforceability may be limited by general
principles of equity or to applicable bankruptcy, insolvency, reorganization, moratorium, liquidation and other similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies. 

XVIII. REGISTERED INVESTMENT COMPANIES 
 A
copy of the Declaration of Trust of each of the undersigned Purchasers that are registered investment companies (each, a “Trust”) is on file with the Secretary of State of either The Commonwealth of Massachusetts or the State of
Delaware, as applicable. The Issuer and the other Note Parties acknowledge that the obligations of or arising out of this Agreement are not binding upon any of a Trust’s trustees, officers, employees, agents or shareholders individually,
but are binding solely upon the assets and property of each relevant Trust in accordance with its proportionate interest hereunder. If this instrument is executed by a Trust on behalf of one or more series of such Trust, you further acknowledge
that the assets and liabilities of each series of the Trust are separate and distinct and that the obligations of or arising out of this Agreement are binding solely upon the assets or property of the series on whose behalf the Trust has executed
this instrument. If a Trust has executed this instrument on behalf of more than one series of such Trust, you also agree that the obligations of each series hereunder shall be several and not joint, in accordance with its proportionate interest
hereunder, and you agree not to proceed against any series for the obligations of another. 
 [Signatures on next page] 

  
 156EX-10.1

 EXHIBIT 10.1 

EXECUTION VERSION 
 AMENDED AND
RESTATED REVOLVING CREDIT 
 AND 

SECURITY AGREEMENT 
 PNC
BANK, NATIONAL ASSOCIATION 
 (AS LENDER AND AS AGENT) 

WITH 
 KGH INTERMEDIATE
HOLDCO I, LLC 
 (HOLDINGS) 

AND 
 KGH INTERMEDIATE
HOLDCO II, LLC 
 KEANE FRAC, LP 

KS DRILLING, LLC 
 KEANE
FRAC ND, LLC 
 AND 

KEANE FRAC TX, LLC 

(BORROWERS) 

August 8, 2014 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 I.
	 	 DEFINITIONS
	  	 	1	  
			
	 1.1.
	 	 Accounting Terms
	  	 	1	  
	 1.2.
	 	 General Terms
	  	 	2	  
	 1.3.
	 	 Uniform Commercial Code Terms
	  	 	46	  
	 1.4.
	 	 Certain Matters of Construction
	  	 	46	  
			
	 II.
	 	 ADVANCES, PAYMENTS
	  	 	47	  
			
	 2.1.
	 	 Revolving Advances
	  	 	47	  
	 2.2.
	 	 Procedure for Revolving Advances Borrowing
	  	 	48	  
	 2.3.
	 	 Disbursement of Advance Proceeds
	  	 	50	  
	 2.4.
	 	 [Reserved]
	  	 	50	  
	 2.5.
	 	 Maximum Advances
	  	 	50	  
	 2.6.
	 	 Repayment of Advances
	  	 	51	  
	 2.7.
	 	 Repayment of Excess Advances
	  	 	51	  
	 2.8.
	 	 Statement of Account
	  	 	51	  
	 2.9.
	 	 Letters of Credit
	  	 	52	  
	 2.10.
	 	 Issuance of Letters of Credit
	  	 	52	  
	 2.11.
	 	 Requirements For Issuance of Letters of Credit
	  	 	52	  
	 2.12.
	 	 Disbursements, Reimbursement
	  	 	53	  
	 2.13.
	 	 Repayment of Participation Advances
	  	 	54	  
	 2.14.
	 	 Documentation
	  	 	55	  
	 2.15.
	 	 Determination to Honor Drawing Request
	  	 	55	  
	 2.16.
	 	 Nature of Participation and Reimbursement Obligations
	  	 	55	  
	 2.17.
	 	 Indemnity
	  	 	56	  
	 2.18.
	 	 Liability for Acts and Omissions
	  	 	57	  
	 2.19.
	 	 Additional Payments
	  	 	58	  
	 2.20.
	 	 Manner of Borrowing and Payment
	  	 	58	  
	 2.21.
	 	 Mandatory Prepayments
	  	 	60	  
	 2.22.
	 	 Use of Proceeds
	  	 	60	  
	 2.23.
	 	 Defaulting Lender
	  	 	60	  
	 2.24.
	 	 Increase in Maximum Revolving Advance Amount
	  	 	61	  
			
	 III.
	 	 INTEREST AND FEES
	  	 	64	  
			
	 3.1.
	 	 Interest
	  	 	64	  
	 3.2.
	 	 Letter of Credit Fees
	  	 	64	  
	 3.3.
	 	 Closing Fee and Facility Fee
	  	 	65	  
	 3.4.
	 	 Collateral Evaluation Fee and Collateral Monitoring Fee
	  	 	66	  
	 3.5.
	 	 Computation of Interest and Fees
	  	 	66	  
	 3.6.
	 	 Maximum Charges
	  	 	67	  
	 3.7.
	 	 Increased Costs
	  	 	67	  
	 3.8.
	 	 Basis For Determining Interest Rate Inadequate or Unfair
	  	 	67	  
	 3.9.
	 	 Capital Adequacy
	  	 	68	  
	 3.10.
	 	 Gross Up for Taxes
	  	 	69	  
	 3.11.
	 	 Withholding Tax Exemption
	  	 	70	  

  
 i 

							
	 IV.
	 	 COLLATERAL: GENERAL TERMS
	  	 	71	  
			
	 4.1.
	 	 Security Interest in the Collateral
	  	 	71	  
	 4.2.
	 	 Perfection of Security Interest
	  	 	71	  
	 4.3.
	 	 Disposition of Collateral
	  	 	72	  
	 4.4.
	 	 Preservation of Collateral
	  	 	72	  
	 4.5.
	 	 Ownership of Collateral
	  	 	72	  
	 4.6.
	 	 Defense of Agent’s and Lenders’ Interests
	  	 	73	  
	 4.7.
	 	 Books and Records
	  	 	74	  
	 4.8.
	 	 Financial Disclosure
	  	 	74	  
	 4.9.
	 	 Compliance with Laws
	  	 	74	  
	 4.10.
	 	 Inspection of Premises
	  	 	74	  
	 4.11.
	 	 Insurance
	  	 	75	  
	 4.12.
	 	 Failure to Pay Insurance
	  	 	75	  
	 4.13.
	 	 Payment of Taxes
	  	 	75	  
	 4.14.
	 	 [Reserved]
	  	 	76	  
	 4.15.
	 	 Receivables
	  	 	76	  
	 4.16.
	 	 Inventory
	  	 	79	  
	 4.17.
	 	 Maintenance of Equipment
	  	 	79	  
	 4.18.
	 	 Exculpation of Liability
	  	 	79	  
	 4.19.
	 	 Environmental Matters
	  	 	80	  
	 4.20.
	 	 Financing Statements
	  	 	82	  
	 4.21.
	 	 Appraisals
	  	 	82	  
	 4.22.
	 	 Intercreditor Agreement
	  	 	82	  
			
	 V.
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	82	  
			
	 5.1.
	 	 Authority
	  	 	82	  
	 5.2.
	 	 Formation and Qualification
	  	 	83	  
	 5.3.
	 	 Survival of Representations and Warranties
	  	 	83	  
	 5.4.
	 	 Tax Returns
	  	 	83	  
	 5.5.
	 	 Financial Statements
	  	 	84	  
	 5.6.
	 	 Entity Names
	  	 	84	  
	 5.7.
	 	 OSHA and Environmental Compliance
	  	 	85	  
	 5.8.
	 	 Solvency; No Litigation, Violation, Indebtedness or Default; ERISA Compliance
	  	 	85	  
	 5.9.
	 	 Patents, Trademarks, Copyrights and Licenses
	  	 	87	  
	 5.10.
	 	 Licenses and Permits
	  	 	87	  
	 5.11.
	 	 No Default
	  	 	87	  
	 5.12.
	 	 No Burdensome Restrictions
	  	 	87	  
	 5.13.
	 	 No Labor Disputes
	  	 	87	  
	 5.14.
	 	 Margin Regulations
	  	 	88	  
	 5.15.
	 	 Investment Company Act
	  	 	88	  
	 5.16.
	 	 Disclosure
	  	 	88	  
	 5.17.
	 	 Swaps
	  	 	88	  

  
 ii 

							
	 5.18.
	 	 Conflicting Agreements
	  	 	88	  
	 5.19.
	 	 Application of Certain Laws and Regulations
	  	 	88	  
	 5.20.
	 	 Business and Property of Loan Parties
	  	 	88	  
	 5.21.
	 	 Section 20 Subsidiaries
	  	 	89	  
	 5.22.
	 	 Anti-Terrorism Laws
	  	 	89	  
	 5.23.
	 	 Trading with the Enemy
	  	 	90	  
	 5.24.
	 	 Federal Securities Laws
	  	 	90	  
	 5.25.
	 	 Equity Interests
	  	 	90	  
	 5.26.
	 	 Commercial Tort Claims
	  	 	90	  
	 5.27.
	 	 Letter of Credit Rights
	  	 	90	  
	 5.28.
	 	 Material Contracts
	  	 	90	  
			
	 VI.
	 	 AFFIRMATIVE COVENANTS
	  	 	91	  
			
	 6.1.
	 	 Payment of Fees
	  	 	91	  
	 6.2.
	 	 Conduct of Business and Maintenance of Existence and Assets
	  	 	91	  
	 6.3.
	 	 Violations
	  	 	91	  
	 6.4.
	 	 [Reserved]
	  	 	91	  
	 6.5.
	 	 Financial Covenants
	  	 	91	  
	 6.6.
	 	 Execution of Supplemental Instruments
	  	 	91	  
	 6.7.
	 	 Payment of Indebtedness
	  	 	91	  
	 6.8.
	 	 Standards of Financial Statements
	  	 	92	  
	 6.9.
	 	 Federal Securities Laws
	  	 	92	  
	 6.10.
	 	 Additional Guarantors; Further Assurances
	  	 	92	  
	 6.11.
	 	 Designation of Subsidiaries
	  	 	92	  
	 6.12.
	 	 Keepwell
	  	 	93	  
	 6.13.
	 	 Post-Closing Actions
	  	 	93	  
			
	 VII.
	 	 NEGATIVE COVENANTS
	  	 	93	  
			
	 7.1.
	 	 Merger, Consolidation, Acquisition and Sale of Assets
	  	 	93	  
	 7.2.
	 	 Creation of Liens
	  	 	95	  
	 7.3.
	 	 Guarantees
	  	 	95	  
	 7.4.
	 	 Investments
	  	 	95	  
	 7.5.
	 	 Loans
	  	 	96	  
	 7.6.
	 	 [Reserved]
	  	 	96	  
	 7.7.
	 	 Distributions
	  	 	96	  
	 7.8.
	 	 Indebtedness
	  	 	98	  
	 7.9.
	 	 Nature of Business
	  	 	99	  
	 7.10.
	 	 Transactions with Affiliates
	  	 	99	  
	 7.11.
	 	 [Reserved]
	  	 	99	  
	 7.12.
	 	 Fiscal Year and Accounting Changes
	  	 	99	  
	 7.13.
	 	 Pledge of Credit
	  	 	99	  
	 7.14.
	 	 Amendment of Organizational Documents; Material Indebtedness
	  	 	99	  
	 7.15.
	 	 Compliance with ERISA
	  	 	100	  
	 7.16.
	 	 Prepayment of Indebtedness
	  	 	100	  
	 7.17.
	 	 Burdensome Agreements
	  	 	101	  
	 7.18.
	 	 Anti-Terrorism Laws
	  	 	102	  

  
 iii 

							
	 7.19.
	 	 Trading with the Enemy Act
	  	 	102	  
	 7.20.
	 	 Term Loan Debt
	  	 	102	  
	 7.21.
	 	 Permitted Activities
	  	 	102	  
			
	 VIII.
	 	 CONDITIONS PRECEDENT
	  	 	103	  
			
	 8.1.
	 	 Conditions to Initial Advances
	  	 	103	  
	 8.2.
	 	 Conditions to Each Advance
	  	 	107	  
			
	 IX.
	 	 INFORMATION AS TO BORROWERS
	  	 	108	  
			
	 9.1.
	 	 Disclosure of Material Matters
	  	 	108	  
	 9.2.
	 	 Schedules
	  	 	108	  
	 9.3.
	 	 Environmental Reports
	  	 	109	  
	 9.4.
	 	 Litigation
	  	 	109	  
	 9.5.
	 	 Material Occurrences; Material Contracts
	  	 	109	  
	 9.6.
	 	 Parent Financials
	  	 	109	  
	 9.7.
	 	 Annual Financial Statements
	  	 	110	  
	 9.8.
	 	 Quarterly Financial Statements
	  	 	110	  
	 9.9.
	 	 Monthly Financial Statements
	  	 	110	  
	 9.10.
	 	 Other Reports
	  	 	111	  
	 9.11.
	 	 Additional Information
	  	 	111	  
	 9.12.
	 	 Projected Operating Budget
	  	 	111	  
	 9.13.
	 	 Variances From Operating Budget
	  	 	111	  
	 9.14.
	 	 Notice of Suits, Adverse Events
	  	 	112	  
	 9.15.
	 	 Unrestricted Subsidiaries
	  	 	112	  
	 9.16.
	 	 ERISA Notices and Requests
	  	 	112	  
	 9.17.
	 	 Additional Documents
	  	 	113	  
			
	 X.
	 	 EVENTS OF DEFAULT
	  	 	113	  
			
	 10.1.
	 	 Nonpayment
	  	 	113	  
	 10.2.
	 	 Breach of Representation
	  	 	113	  
	 10.3.
	 	 Financial and other Information
	  	 	113	  
	 10.4.
	 	 Judicial Actions
	  	 	113	  
	 10.5.
	 	 Noncompliance
	  	 	113	  
	 10.6.
	 	 Judgments
	  	 	114	  
	 10.7.
	 	 Bankruptcy
	  	 	114	  
	 10.8.
	 	 Inability to Pay
	  	 	114	  
	 10.9.
	 	 [Reserved]
	  	 	114	  
	 10.10.
	 	 Lien Priority
	  	 	114	  
	 10.11.
	 	 Cross Default
	  	 	114	  
	 10.12.
	 	 Termination of Guaranty or Guaranty Security Agreement
	  	 	115	  
	 10.13.
	 	 Change of Ownership
	  	 	115	  
	 10.14.
	 	 Invalidity
	  	 	115	  
	 10.15.
	 	 [Reserved]
	  	 	115	  
	 10.16.
	 	 Seizures
	  	 	115	  
	 10.17.
	 	 [Reserved]
	  	 	115	  
	 10.18.
	 	 Pension Plans
	  	 	115	  
	 10.19.
	 	 Anti-Money Laundering/International Trade Law Compliance
	  	 	115	  

  
 iv 

							
	 XI.
	 	 LENDERS’ RIGHTS AND REMEDIES AFTER DEFAULT
	  	 	115	  
			
	 11.1.
	 	 Rights and Remedies
	  	 	115	  
	 11.2.
	 	 Agent’s Discretion
	  	 	117	  
	 11.3.
	 	 Setoff
	  	 	117	  
	 11.4.
	 	 Rights and Remedies not Exclusive
	  	 	117	  
	 11.5.
	 	 Equity Cure Right
	  	 	117	  
	 11.6.
	 	 Allocation of Payments After Event of Default
	  	 	118	  
			
	 XII.
	 	 WAIVERS AND JUDICIAL PROCEEDINGS
	  	 	119	  
			
	 12.1.
	 	 Waiver of Notice
	  	 	119	  
	 12.2.
	 	 Delay
	  	 	119	  
	 12.3.
	 	 Jury Waiver
	  	 	120	  
			
	 XIII.
	 	 EFFECTIVE DATE AND TERMINATION
	  	 	120	  
			
	 13.1.
	 	 Term
	  	 	120	  
	 13.2.
	 	 Termination
	  	 	120	  
			
	 XIV.
	 	 REGARDING AGENT
	  	 	121	  
			
	 14.1.
	 	 Appointment
	  	 	121	  
	 14.2.
	 	 Nature of Duties
	  	 	121	  
	 14.3.
	 	 Lack of Reliance on Agent and Resignation
	  	 	121	  
	 14.4.
	 	 Certain Rights of Agent
	  	 	122	  
	 14.5.
	 	 Reliance
	  	 	122	  
	 14.6.
	 	 Notice of Default
	  	 	122	  
	 14.7.
	 	 Indemnification
	  	 	123	  
	 14.8.
	 	 Agent in its Individual Capacity
	  	 	123	  
	 14.9.
	 	 Delivery of Documents
	  	 	123	  
	 14.10.
	 	 Borrowers’ Undertaking to Agent
	  	 	123	  
	 14.11.
	 	 No Reliance on Agent’s Customer Identification Program
	  	 	123	  
	 14.12.
	 	 Other Agreements
	  	 	124	  
			
	 XV.
	 	 BORROWING AGENCY
	  	 	124	  
			
	 15.1.
	 	 Borrowing Agency Provisions
	  	 	124	  
	 15.2.
	 	 Waiver of Subrogation
	  	 	125	  
			
	 XVI.
	 	 MISCELLANEOUS
	  	 	125	  
			
	 16.1.
	 	 Governing Law
	  	 	125	  
	 16.2.
	 	 Entire Understanding
	  	 	125	  
	 16.3.
	 	 Successors and Assigns; Participations; New Lenders
	  	 	128	  
	 16.4.
	 	 Application of Payments
	  	 	130	  
	 16.5.
	 	 Indemnity
	  	 	130	  
	 16.6.
	 	 Notice
	  	 	131	  
	 16.7.
	 	 Survival
	  	 	133	  
	 16.8.
	 	 Severability
	  	 	133	  
	 16.9.
	 	 Expenses
	  	 	133	  

  
 v 

							
	 16.10.
	 	 Injunctive Relief
	  	 	134	  
	 16.11.
	 	 Consequential Damages
	  	 	134	  
	 16.12.
	 	 Captions
	  	 	134	  
	 16.13.
	 	 Counterparts; Facsimile Signatures
	  	 	134	  
	 16.14.
	 	 Construction
	  	 	134	  
	 16.15.
	 	 Confidentiality; Sharing Information
	  	 	134	  
	 16.16.
	 	 Publicity
	  	 	135	  
	 16.17.
	 	 Certifications From Banks and Participants; USA PATRIOT Act
	  	 	135	  
	 16.18.
	 	 Anti-Terrorism Laws
	  	 	136	  
	 16.19.
	 	 Acknowledgement of Prior Obligations and Continuation Thereof
	  	 	136	  
	 16.20.
	 	 Intercreditor Agreement
	  	 	137	  
	 16.21.
	 	 Payoff of Term Loans, Release of KGH and Partial Release of Collateral
	  	 	138	  

  
 vi 

 LIST OF EXHIBITS AND SCHEDULES 

 

			
	 Exhibits
	  	
		
	 Exhibit 1.2
	  	 Borrowing Base Certificate

	 Exhibit 1.2(a)
	  	 Compliance Certificate

	 Exhibit 2.1(a)
	  	 Amended and Restated Note

	 Exhibit 2.24
	  	 Lender Joinder

	 Exhibit 5.5(b)
	  	 Financial Projections

	 Exhibit 8.1(g)
	  	 Financial Condition Certificate

	 Exhibit 16.3
	  	 Commitment Transfer Supplement

		
	 Schedules
	  	
		
	 Schedule 1.2
	  	 Permitted Encumbrances

	 Schedule 4.5
	  	 Equipment and Inventory Locations; Place of Business, Chief Executive Office, Real
Property

	 Schedule 4.15(j)
	  	 Deposit and Investment Accounts

	 Schedule 5.1
	  	 Consents

	 Schedule 5.2(a)
	  	 States of Qualification and Good Standing

	 Schedule 5.2(b)
	  	 Subsidiaries

	 Schedule 5.4
	  	 Federal Tax Identification Number

	 Schedule 5.6
	  	 Prior Names

	 Schedule 5.8(b)
	  	 Litigation

	 Schedule 5.8(d)
	  	 Plans

	 Schedule 5.9
	  	 Intellectual Property

	 Schedule 5.10
	  	 Licenses and Permits

	 Schedule 5.25
	  	 Equity Interests

	 Schedule 5.26
	  	 Commercial Tort Claims

	 Schedule 5.27
	  	 Letter of Credit Rights

	 Schedule 5.28
	  	 Material Contracts

	 Schedule 6.13
	  	 Post-Closing Actions

	 Schedule 7.3
	  	 Guarantees

	 Schedule 7.4
	  	 Permitted Investments

	 Schedule 7.8
	  	 Indebtedness

	 Schedule 7.17
	  	 Existing Agreements

  
 vii 

 AMENDED AND RESTATED REVOLVING CREDIT 

AND 
 SECURITY AGREEMENT

 This Amended and Restated Revolving Credit and Security Agreement dated as of August 8, 2014 among KGH Intermediate Holdco I,
LLC, a Delaware limited liability company (“Holdings”), KGH Intermediate Holdco II, LLC, a Delaware limited liability company (“Intermediate Holdco II” or a “Borrower”), KEANE FRAC, LP, a
Pennsylvania limited partnership (“Frac” or a “Borrower”), KS DRILLING LLC, a Delaware limited liability company (“Drilling” or a “Borrower”), KEANE FRAC ND, LLC, a Delaware limited
liability company (“Frac ND” or a “Borrower”), KEANE FRAC TX, LLC, a Delaware limited liability company (“Keane Texas” or a “Borrower”), each Person joined hereto as a borrower from
time to time (each a “Borrower” and together with Intermediate Holdco I, Frac, Drilling, Frac ND and Keane Texas collectively, the “Borrowers”), the financial institutions which are now or which hereafter become a
party hereto (collectively, the “Lenders” and each individually a “Lender”) and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”).

 WHEREAS, the Borrowers are parties to that certain Revolving Credit, Term Loan and Security Agreement dated as of July 8, 2011 (as
amended, supplemented or otherwise modified to date, the “Original Agreement”). 
 IN CONSIDERATION of the mutual covenants
and undertakings herein contained, Borrowers, Lenders and Agent hereby agree as follows: 
  

	I.	DEFINITIONS. 

 1.1. Accounting Terms. As used in this Agreement, the Other Documents or
any certificate, report or other document made or delivered pursuant to this Agreement or the Other Documents, accounting terms not defined in Section 1.2 or elsewhere in this Agreement and accounting terms partly defined in Section 1.2 to
the extent not defined, shall have the respective meanings given to them under GAAP; provided, however, whenever such accounting terms are used for the purposes of determining compliance with financial covenants in this Agreement, such
accounting terms shall be defined in accordance with GAAP as applied in preparation of the audited financial statements of KGH and its consolidated Subsidiaries, provided to Agent prior to the Closing Date for the fiscal year ended on or about
December 31, 2013. If at any time any change in GAAP would affect the computation of any financial covenant or requirement set forth in the Loan Agreement or any Other Document, and Borrowing Agent, so requests, Agent and Borrowing Agent shall
negotiate in good faith to amend such covenant or requirement to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, (a) such covenant or requirement will continue to be determined in
accordance with GAAP prior to such change, and (b) Borrowers shall provide to Agent financial statements and other documents required under this Agreement or as reasonably requested by Agent setting forth a reconciliation between calculations
of such covenant or requirement made both before and after giving effect to such change in GAAP. 

 Notwithstanding anything in this Agreement to the contrary, (i) any lease of the Loan
Parties and their Subsidiaries that would be characterized as an operating lease under GAAP in effect on the Closing Date (whether such lease is entered into before or after the Closing Date) shall not constitute a Capitalized Lease under this
Agreement or any Other Document as a result of any changes in GAAP occurring after the Closing Date and (ii) for purposes of determining compliance with any covenant (including the computation of any financial covenant or the determination of
financial measures) contained herein, Indebtedness of the Borrowers and their Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial
liabilities shall be disregarded. 
 1.2. General Terms. For purposes of this Agreement the following terms shall have the following
meanings: 
 “Accountants” shall have the meaning set forth in Section 9.7 hereof. 

“Acquired Indebtedness” shall mean, with respect to any specified Person, 

(a) Indebtedness of any other Person existing at the time such other Person is merged, consolidated or amalgamated with or into or becomes a
Restricted Subsidiary of such specified Person, excluding Indebtedness incurred in connection with, or in contemplation of, such other Person merging, amalgamating or consolidating with or into, or becoming a Restricted Subsidiary of, such specified
Person, and 
 (b) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Additional Guarantor Supplement” shall have the meaning set forth in Section 6.10 hereof. 

“Advance Rates” shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof. 

“Advances” shall mean and include the Revolving Advances and Letters of Credit. 

“Affiliate” of any Person shall mean (a) any Person which, directly or indirectly, is in control of, is controlled by,
or is under common control with such Person, or (b) any Person who is a director, manager, member, managing member, general partner or officer (i) of such Person, (ii) of any Subsidiary of such Person or (iii) of any Person
described in clause (a) above. For purposes of this definition, control of a Person shall mean the power, direct or indirect, (x) to vote ten percent (10%) or more of the Equity Interests having ordinary voting power for the election
of directors of such Person or other Persons performing similar functions for any such Person, or (y) to direct or cause the direction of the management and policies of such Person whether by ownership of Equity Interests, contract or
otherwise. 
 “Agent” shall have the meaning set forth in the preamble to this Agreement and shall include its successors
and assigns. 

  
 2 

 “Aggregate Commitment Amounts” shall mean the Commitment Amounts of all Lenders.

 “Agreement” shall mean this Amended and Restated Revolving Credit and Security Agreement, including all exhibits and
schedules hereto, as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Adjusted
EBITDA” shall mean the sum of (a) Earnings Before Interest and Taxes for such period (without giving effect to clauses (iii) through (vi) of such definition) plus (b) without duplication and to the extent
reflected in arriving at net income (or loss) and not added back to Earnings Before Interest and Taxes, the sum of (i) depreciation expenses for such period and (ii) amortization expenses for such period, including, without limitation,
non-cash amortization expenses of deferred financing costs. 
 “Alternate Base Rate” shall mean, for any day, a rate per
annum equal to the highest of (a) the Base Rate in effect on such day, (b) the Federal Funds Open Rate in effect on such day plus one half of one-percent (1/2 of 1%), and (c) the sum of the Daily LIBOR Rate in effect on such day plus
one percent (1.0%), so long as a Daily LIBOR Rate is offered, ascertainable and not unlawful. 
 “Anti-Terrorism Laws”
shall mean any Laws relating to terrorism, trade sanctions programs and embargoes, import/export licensing, money laundering or bribery, and any regulation, order, or directive promulgated, issued or enforced pursuant to such Laws, all as amended,
supplemented or replaced from time to time. For purposes of this definition only, “Law(s)” shall mean any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued guidance, release,
ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise, with any Governmental Body, foreign or domestic. 

“Applicable Law” shall mean all laws, rules and regulations applicable to the Person, conduct, transaction, covenant, Other
Document or contract in question, including all applicable common law and equitable principles, all provisions of all applicable state, federal and foreign constitutions, statutes, rules, regulations, treaties, directives and orders of any
Governmental Body, and all orders, judgments and decrees of all courts and arbitrators. 
 “Attributable Indebtedness”
shall mean, on any date, (a) in respect of any Capitalized Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP and (b) in respect of any
lease that is not a Capitalized Lease entered into in connection with any Sale-Leaseback Transaction by any Person, the capitalized amount of the remaining lease payments under such lease that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP if such lease were accounted for as a Capitalized Lease. 
 “Authority” shall have
the meaning set forth in Section 4.19(d) hereof. 

  
 3 

 “Base Rate” shall mean the base commercial lending rate of PNC as publicly
announced to be in effect from time to time, such rate to be adjusted automatically, without notice, on the effective date of any change in such rate. This rate of interest is determined from time to time by PNC as a means of pricing some loans to
its customers and is neither tied to any external rate of interest or index nor does it necessarily reflect the lowest rate of interest actually charged by PNC to any particular class or category of customers of PNC. 

“Benefited Lender” shall have the meaning set forth in Section 2.20(d) hereof. 

“Blocked Accounts” shall have the meaning set forth in Section 4.15(h) hereof. 

“Blocked Account Bank” shall have the meaning set forth in Section 4.15(h) hereof. 

“Blocked Person” shall have the meaning set forth in Section 5.24(b) hereof. 

“Board of Directors” means, for any Person, the board of directors or other governing body of such Person or, if such Person
does not have such a board of directors or other governing body and is owned or managed by a single entity, the Board of Directors of such entity, or, in either case, any committee thereof duly authorized to act on behalf of such Board of Directors.
Unless otherwise provided, “Board of Directors” means the Board of Directors of a Borrower. 
 “Borrower” or
“Borrowers” shall have the meaning set forth in the preamble to this Agreement and shall extend to all permitted successors and assigns of the applicable Borrower. 

“Borrowers on a Consolidated Basis” shall mean the consolidation in accordance with GAAP of the accounts or other items of
the Borrowers and its Restricted Subsidiaries. 
 “Borrowers’ Account” shall have the meaning set forth in
Section 2.8 hereof. 
 “Borrowing Agent” shall mean Intermediate Holdco II. 

“Borrowing Base Certificate” shall mean a certificate in substantially the form of Exhibit 1.2 duly executed by the
President, Chief Financial Officer or Controller of the Borrowing Agent and delivered to Agent, appropriately completed, by which such officer shall certify to Agent the Formula Amount and calculation thereof as of the date of such certificate. 

“Business Day” shall mean any day other than Saturday or Sunday or a legal holiday on which commercial banks are authorized
or required by law to be closed for business in East Brunswick, New Jersey, and, if the applicable Business Day relates to any Eurodollar Rate Loans, such day must also be a day on which dealings are carried on in the London interbank market. 

“Capital Expenditures” shall mean expenditures made or liabilities incurred for the acquisition (whether by purchase or
lease) of any fixed assets or improvements, replacements, substitutions or additions thereto which have a useful life of more than one year (each a “capital asset”) including the total principal portion of Capitalized Lease
Obligations, which, in accordance with GAAP, would be classified as capital expenditures. 

  
 4 

 “Capitalized Lease Obligation” means at the time any determination thereof is to
be made, the amount of the liability in respect of a Capitalized Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP. 

“Capitalized Leases” shall mean all leases that have been or are required to be, in accordance with GAAP, recorded as
capitalized leases. 
 “Cash Equivalents” shall mean, to the extent owned by any Borrower or any Restricted Subsidiary,
those investments set forth in clauses (a) through (d) of Section 7.4. 
 “Cash Management Products and
Services” shall mean agreements or other arrangements under which Agent or any Lender or any Affiliate of Agent or a Lender provides any of the following products or services to any Borrower or Guarantor or any of their Subsidiaries or
Affiliates: (a) credit cards; (b) credit card processing services; (c) debit cards and stored value cards; (d) commercial cards; (e) ACH transactions; and (f) cash management and treasury management services and
products, including without limitation controlled disbursement accounts or services, lockboxes, automated clearinghouse transactions, overdrafts, interstate depository network services. The indebtedness, obligations and liabilities of each Borrower
to the provider of any Cash Management Products and Services (including all obligations and liabilities owing to such provider in respect of any returned items deposited with such provider) (the “Cash Management Liabilities”) shall
be “Obligations” hereunder, guaranteed obligations under any Guaranty and secured obligations under any security agreement or pledge agreement executed by any Guarantor, and otherwise treated as Obligations for purposes of each of the
Other Documents. The Liens securing the Cash Management Products and Services shall be pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.6.

 “Cash Management Liabilities” shall have the meaning provided in the definition of “Cash Management Products and
Services.” 
 “CEA” shall mean the Commodity Exchange Act (7 U.S.C.§1 et seq.), as amended from time to time, and
any successor statute. 
 “CEA Swap” shall mean any “swap” as defined in Section 1a(47) of the CEA and
regulations thereunder other than (a) a swap entered into on, or subject to the rules of, a board of trade designated as a contract market under Section 5 of the CEA, or (b) a commodity option entered into pursuant to CFTC Regulation
32.3(a). 
 “CEA Swap Obligation” means any obligation to pay or perform under any agreement, contract or transaction that
constitutes a CEA Swap which is also a Lender-Provided Interest Rate Hedge, or a Lender-Provided Foreign Currency Hedge. 

“CERCLA” shall mean the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, 42 U.S.C.
§§9601 et seq. 

  
 5 

 “CFC” means a “controlled foreign corporation” within the meaning of
Section 957 of the Code. 
 “CFC Holdco” means any Domestic Subsidiary that has no material assets other than Equity
of one or more Foreign Subsidiaries that are CFCs or any other Domestic Subsidiary that itself is a CFC Holdco. 
 “CFTC”
shall mean the Commodity Futures Trading Commission. 
 “Change of Control” shall mean (a) the occurrence of any event
(whether in one or more transactions) which results in (i) so long as financial statements of KGH and its consolidated Subsidiaries are being provided in lieu of financial statements of the Borrowers on a Consolidated Basis in accordance with
Section 9.5, any Person other than KGH owning beneficially or of record any Equity Interest in Holdings, (ii) any Person other than Holdings owning beneficially or of record any Equity Interest in Intermediate Holdco II, (iii) a
transfer of control of Holdings to a (1) Person (other than an Original Owner) or (2) Persons (other than Original Owners) constituting a “group” (within the meaning of Rule 13d-5 of the Exchange Act) or (iv) any Person
other than Intermediate Holdco II owning beneficially or of record any Equity Interest in any Borrower, except as otherwise permitted by this Agreement, (b) any merger or consolidation of or with any Borrower, except as otherwise permitted by
this Agreement, (c) the sale of all or substantially all of the property or assets of any Borrower to any Person that is not a Borrower, except as otherwise permitted by this Agreement or (d) any “Change of Control” (or any
comparable term) in any document pertaining to (A) this Agreement or (B) any other Indebtedness in excess of $7,500,000 to which any Loan Party or any Restricted Subsidiary is party. For purposes of this definition, “control of
Holdings” shall mean the power, direct or indirect (x) to vote 50% or more of the Equity Interests having ordinary voting power for the election of directors (or the individuals performing similar functions) of Holdings or (y) to
appoint a majority of the members of the board of directors of Holdings by contract or otherwise. 
 “Change in Law” shall
mean the occurrence, after the Closing Date, of any of the following: (a) the adoption or taking effect of any Applicable Law; (b) any change in any Applicable Law or in the administration, implementation, interpretation or application
thereof by any Governmental Body; or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Body; provided that notwithstanding anything herein to the contrary,
(x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines, interpretations or directives thereunder or issued in connection therewith (whether or not having the force of Applicable Law)
and (y) all requests, rules, regulations, guidelines, interpretations or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States
or foreign regulatory authorities (whether or not having the force of law), in each case pursuant to Basel III, shall in each case be deemed to be a Change in Law regardless of the date enacted, adopted, issued, promulgated or implemented. 

“Charges” shall mean all taxes, charges, fees, imposts, levies or other assessments, including all net income, gross income,
gross receipts, sales, use, ad valorem, value added, 

  
 6 

 
transfer, franchise, profits, inventory, capital stock, license, withholding, payroll, employment, social security, unemployment, excise, severance, stamp, occupation and property taxes, custom
duties, fees, assessments, liens, claims and charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts, imposed by any taxing or other authority, domestic or foreign, upon the Collateral or
any Loan Party or any Restricted Subsidiary. 
 “Closing Date” shall mean August 8, 2014 or such other date as may be
agreed to by the parties hereto. 
 “COAC” means Cerberus Operations and Advisory Company LLC, a Delaware limited liability
company. 
 “Code” shall mean the Internal Revenue Code of 1986, as the same may be amended or supplemented from time to
time, and any successor statute of similar import. 
 “Collateral” shall mean and include all right, title and interest of
each Loan Party in all of the following property and assets of such Loan Party, in each case whether now existing or hereafter arising or created and whether now owned or hereafter acquired and wherever located: 

(i) all accounts (but excluding any accounts which constitute proceeds of the Term Loan Priority Collateral, and excluding any accounts
arising from any sale, lease or other disposition of, or any casualty or condemnation event in respect of, the Term Loan Priority Collateral), and to the extent not otherwise set forth in this definition, all Receivables (as such term is defined
herein on the date hereof); 
 (ii) all Inventory (including rights in all returned or repossessed Inventory); 

(iii) all chattel paper, instruments and document to the extent evidencing or substituted for or constituting proceeds of accounts,
Receivables or Inventory, and all rights thereunder (but excluding any proceeds of the Term Loan Priority Collateral, including any chattel paper, instruments or documents arising from any sale, lease or other disposition or any casualty or
condemnation event in respect of the Term Loan Priority Collateral); 
 (iv) any Lender-Provided Foreign Currency Hedges and Lender-Provided
Interest Rate Hedges and all rights thereunder (but excluding any Foreign Currency Hedges and Interest Rate Hedges provided by the Term Loan Agent or any Term Loan Lender or other holder of the Term Loan Debt); 

(v) cash (but excluding any identifiable proceeds of the Term Loan Priority Collateral); 

(vi) all deposit accounts with any bank or other financial institution (other than the Term Loan Deposit Accounts) and all cash, cash
equivalents (including all Cash Equivalents), financial assets, negotiable instruments and other evidence of payment, and other funds on deposit therein or credited thereto (but excluding any amounts therein constituting identifiable proceeds of the
Term Loan Priority Collateral); 

  
 7 

 (vii) all payment intangibles arising from or relating to any of the foregoing (but excluding any
proceeds of the Term Loan Priority Collateral); 
 (viii) to the extent evidencing, securing or otherwise relating to any of the items
referred to in the preceding clauses (i) through (vii), all General Intangibles (excluding all present and future intellectual property rights); provided that to the extent any of the foregoing also relates to Term Loan Priority
Collateral, only that portion related to the items referred to in the preceding clauses (i) through (vii) as being included in the Collateral shall be included in the Collateral; 

(ix) to the extent arising from any of the items referred to in the preceding clauses (i) through (viii), all commercial tort claims;
provided that to the extent any of the foregoing also relates to Term Loan Priority Collateral only that portion related to the items referred to in the preceding clauses (i) through (viii) as being included in the Collateral shall
be included in the Collateral; 
 (x) all books and records, customer lists, credit files, accounting systems, computer files, programs,
printouts and other computer materials and records related thereto solely to the extent evidencing or relating to any of the items referred to in the preceding clauses (i) through (ix) (but excluding any present and future intellectual
property rights); provided that to the extent any of the foregoing also relates to Term Loan Priority Collateral only that portion related to the items referred to in the preceding clauses (i) through (ix) as being included in the
Collateral shall be included in the Collateral; 
 (xi) all rights to business interruption insurance; and 

(xii) to the extent not otherwise included in any of the clauses (i) through (xi) above, all supporting obligations (including
letter-of-credit rights) and all proceeds (including, without limitation, all insurance proceeds, including proceeds of business interruption insurance and key man insurance) and products of any and all of the foregoing and all collateral security,
guarantees, indemnities and warranties given by any Person with respect to any of the foregoing. 
 For the avoidance of doubt, the
Collateral shall not include any of the Excluded Assets. 
 It is the intention of the parties that if Agent shall fail to have a perfected
Lien in any particular assets of any Loan Party for any reason whatsoever (including by means of the provisions of the foregoing sentence or otherwise), but the provisions of this Agreement and/or of the Other Documents, together with all financing
statements and other public filings relating to Liens filed or recorded by Agent against Loan Parties and their assets, would be sufficient to create a perfected Lien in any property or assets that such Loan Party may receive upon the sale, lease,
license, exchange, transfer or disposition of such particular property or assets, then all such “proceeds” of such particular property or assets shall be included in the Collateral. 

For the avoidance of doubt, as of the Closing Date, none of the Loan Parties has executed or delivered in favor of Agent a leasehold mortgage
encumbering any of the Leasehold Interests and the execution of such leasehold mortgage is not a condition precedent under Section 8.1 hereof. In addition, none of the Loan Parties shall be required after the Closing Date to execute or deliver
in favor of Agent any such leasehold mortgage. 

  
 8 

 “Commitment Amount” shall mean, (i) as to any Lender other than a New
Lender, the Commitment amount (if any) set forth below such Lender’s name on the signature page hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or
(d) hereof, the Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), and (ii) as to any Lender that is a New Lender, the Commitment amount provided for in the joinder signed by such New
Lender under Section 2.24(a)(x), in each case as the same may be adjusted upon any increase by such Lender pursuant to Section 2.24 hereof, or any assignment by or to such Lender pursuant to Section 16.3(c) or (d) hereof. 

“Commitment Percentage” shall mean (i) as to any Lender other than a New Lender, the Commitment Percentage (if any) set
forth below such Lender’s name on the signature page hereof (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Commitment Percentage (if any) of
such Lender as set forth in the applicable Commitment Transfer Supplement), and (ii) as to any Lender that is a New Lender, the Commitment Percentage provided for in the joinder signed by such New Lender under Section 2.24(a)(ix), in each
case as the same may be adjusted upon any increase in the Maximum Revolving Advance Amount pursuant to Section 2.24 hereof, or any assignment by or to such Lender pursuant to Section 16.3(c) or (d) hereof. 

“Commitment Transfer Supplement” shall mean a document in the form of Exhibit 16.3 hereto, properly completed and otherwise
in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement. 

“Compliance Certificate” shall mean a compliance certificate substantially in the form attached hereto as Exhibit 1.2(a) to
be signed by the Chief Financial Officer or Controller of Borrowing Agent, which shall state that, based on an examination sufficient to permit such officer to make an informed statement, no Default or Event of Default exists, or if such is not the
case, specifying such Default or Event of Default, its nature, when it occurred, whether it is continuing and the steps being taken by Borrowers with respect to such default and, such certificate shall have appended thereto calculations or
confirmations which set forth the Loan Parties’ and the Restricted Subsidiaries’ compliance with the requirements or restrictions imposed by Sections 6.5, 6.10, 7.4, 7.5, 7.6, 7.7 and 7.8. 

“Consents” shall mean all filings and all licenses, permits, consents, approvals, authorizations, qualifications and orders
of Governmental Bodies and other third parties, domestic or foreign, necessary to carry on Holdings’, any Borrower’s or any of their Restricted Subsidiaries’ business or necessary (including to avoid a conflict or breach under any
agreement, instrument, other document, license, permit or other authorization) for the execution, delivery or performance of this Agreement, the Other Documents and the Term Loan Documents including any Consents required under all applicable
federal, state or other Applicable Law. 

  
 9 

 “Consigned Inventory” shall mean Inventory of any Borrower that is in the
possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory. 

“Controlled Group” shall mean, at any time, Holdings, each Borrower, their Restricted Subsidiaries and all members of a
controlled group of corporations and all trades or businesses (whether or not incorporated) under common control and all other entities which, together with any Borrower, are treated as a single employer under Section 414 of the Code. 

“Covered Entity” shall mean (a) each Borrower, each of Borrower’s Subsidiaries, all Guarantors and all pledgors of
Collateral and (b) each Person that, directly or indirectly, is in control of a Person described in clause (a) above. For purposes of this definition, control of a Person shall mean the direct or indirect (x) ownership of, or power to
vote, 25% or more of the issued and outstanding equity interests having ordinary voting power for the election of directors of such Person or other Persons performing similar functions for such Person, or (y) power to direct or cause the
direction of the management and policies of such Person whether by ownership of equity interests, contract or otherwise. 

“Covenant Trigger Event” means that Undrawn Availability on any day is less than or equal to 25% of the Aggregate Commitment
Amounts. For purposes hereof, the occurrence of a Covenant Trigger Event shall be deemed to be continuing until Undrawn Availability is greater than 25% of the Aggregate Commitment Amounts for thirty (30) consecutive days, after which 30-day
period a Covenant Trigger Event shall no longer be deemed to be continuing for purposes of this Agreement. 
 “Cumulative
Credit” means, at any date, an amount, determined on a cumulative basis equal to, without duplication: 
 (a) the Cumulative
Retained Excess Cash Flow Amount (as defined in the Term Loan Agreement as in effect on the date hereof) at such time, plus 
 (b) the
cumulative amount of cash and Cash Equivalent proceeds from the sale of Qualified Equity Interests of any Borrower or Equity Interests of any direct or indirect Parent of any Borrower after the Closing Date and on or prior to such time (including
upon exercise of warrants or options) (other than any amount used for an Equity Cure) which proceeds have been contributed as common equity to the capital of any Borrower (so long as no portion of the purchase price for such Qualified Equity
Interests was paid directly with the proceeds of any Revolver Advance), plus 
 (c) an amount equal to any returns in cash and Cash
Equivalents (including dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received by any Borrower or any Restricted Subsidiary in respect of any investments, advances, loans
or extensions of credit made pursuant to Section 7.4(g) and 7.5(e) (so long as no portion of any such return was paid directly with the proceeds of any Revolver Advance), plus 

  
 10 

 (d) any Retained Declined Proceeds (as defined in the Term Loan Agreement) not used to
optionally prepay the Notes pursuant to Section 2.4(a) of the Term Loan Agreement or otherwise applied, plus 
 (e) the proceeds of
Qualified Subordinated Indebtedness received by any Borrower, minus 
 (f) any amount of the Cumulative Credit used to make distributions
pursuant to Section 7.7(iv) after the Closing Date and prior to such time, minus 
 (g) any amount of the Cumulative Credit used to
purchase or acquire obligations or Equity Interests of, or any other interest in, any Person, or to make advances, loans or extensions of credit to any Person, pursuant to Section 7.4(g) and Section 7.5(e), minus 

(h) any amount of the Cumulative Credit used to make prepayments, redemptions, purchases, defeasances and other payments in respect of
Subordinated Indebtedness pursuant to Section 7.16(iv) after the Closing Date and prior to such time. 
 “Current
Assets” shall mean, as at any date of determination, the total assets of Borrowers and its Restricted Subsidiaries (other than cash and cash equivalents) which may properly be classified as current assets on a consolidated balance sheet of
Borrowers and its Restricted Subsidiaries in accordance with GAAP. 
 “Current Liabilities” shall mean, as at any date of
determination, the total liabilities of Borrowers and its Restricted Subsidiaries which may properly be classified as current liabilities (other than the current portion of any long term indebtedness) on a consolidated balance sheet of Borrowers and
its Restricted Subsidiaries in accordance with GAAP. 
 “Customer” shall mean and include the account debtor with respect
to any Receivable and/or the prospective purchaser of goods, services or both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Loan Party, pursuant
to which such Loan Party is to deliver any personal property or perform any services. 
 “Customer Real Property” shall
have the meaning set forth in Section 4.19(a) hereof. 
 “Customs” shall have the meaning set forth in
Section 2.11(b) hereof. 
 “Daily LIBOR Rate” shall mean, for any day, the rate per annum determined by Agent by
dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage. 
 “Debt Payments”
means the sum, determined on a consolidated basis, of (a) interest expense to the extent actually paid in cash, including any interest charges to Borrowers’ Account plus (b) scheduled payments of principal on Indebtedness
(excluding in respect of any Attributable Indebtedness but including, whether or not accounted for as a scheduled payment, cash payments made in respect of Earnouts (other than any Ultra Tech Earnout Payment). 

  
 11 

 “Default” shall mean an event, circumstance or condition which, with the giving
of notice or passage of time or both, would constitute an Event of Default. 
 “Default Rate” shall have the meaning set
forth in Section 3.1 hereof. 
 “Defaulting Lender” shall have the meaning set forth in Section 2.23(a) hereof.

 “Depository Accounts” shall have the meaning set forth in Section 4.15(h) hereof. 

“Designated Lender” shall have the meaning set forth in Section 16.2(b) hereof. 

“Disqualified Equity Interests” shall mean any Equity Interest that, by its terms (or by the terms of any security or other
Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking
fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the
Obligations that are accrued and payable), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests and other than as a result of a change of control or asset sale so long as any rights of the
holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Obligations that are accrued and payable), in whole or in part, (c) provides for the scheduled payments of
dividends in cash prior to the repayment in full of the Obligations that are accrued and payable, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity
Interests, in each case, prior to the date that is ninety-one (91) days after the last day of the Term at the time of issuance of such Equity Interests. 

“Documents” shall have the meaning set forth in Section 8.1(c) hereof. 

“Dollar” and the sign “$” shall mean lawful money of the United States of America. 

“Domestic Rate Loan” shall mean any Advance that bears interest based upon the Alternate Base Rate. 

“Domestic Subsidiary” shall mean any Subsidiary that is organized under the laws of the United States, any state thereof or
the District of Columbia. 
 “Drawing Date” shall have the meaning set forth in Section 2.12(b) hereof. 

“Early Termination Date” shall have the meaning set forth in Section 13.1 hereof. 

“Earnings Before Interest and Taxes” shall mean for any period the sum of (a) net income (or loss) of Borrowers on a
Consolidated Basis for such period, plus (b) without duplication and to the extent reflected in arriving at such net income (or loss) the sum of (i) all interest expense, minus all interest income earned, in each case of or by
Borrowers on a Consolidated Basis for such period, (ii) all charges against income of Borrowers on a Consolidated Basis for such period for federal, state and local taxes, (iii) all extraordinary, unusual or non-recurring losses or

  
 12 

 
charges (including severance, relocation, restructuring, litigation settlements or losses and fees and expenses incurred in connection with the commencement of operations or a new business of any
Borrower or any of their Restricted Subsidiaries), provided, that the aggregate amount of losses or charges added back pursuant to this clause (iii) for any fiscal year, together with the aggregate amount of pro forma adjustments in the
form of cost savings, operating expense reductions or synergies increasing EBITDA for purposes of any pro forma calculation under this Agreement for such fiscal year, shall not exceed (w) $15,000,000 for the fiscal year ending December 31,
2014, (x) $12,000,000 for the fiscal year ending December 31, 2015, (y) $12,000,000 for the fiscal year ending December 31, 2016 and (z) $10,000,000 for each fiscal year ending after December 31, 2016, (iv) all
losses realized upon the disposition of assets outside of the Ordinary Course of Business, (v) all losses attributable to the early extinguishment of Indebtedness or acquisition accounting (the effect of any non-cash items resulting from any
amortization, write-down or write-off of assets (including intangible assets, goodwill and deferred financing costs), including in connection with any Permitted Acquisition), and (vi) all non-cash compensation charges, including any such
charges arising from stock options, restricted stock grants or other equity incentive programs less (c) the sum of (i) all extraordinary, unusual or non-recurring gains, (ii) all gains realized upon the disposition of assets
outside of the Ordinary Course of Business, and (iii) all income attributable to the early extinguishment of Indebtedness or acquisition accounting (the effect of any non-cash items resulting from any amortization, write-up of assets (including
intangible assets, goodwill and deferred financing costs), including in connection with the transactions contemplated by this Agreement or any Permitted Acquisition). 

“Earnout” shall mean, as to any Person at any time, any and all indebtedness, obligations or liabilities (whether matured or
unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of all obligations of such Person for “earnouts,” purchase price adjustments, profit sharing
arrangements, deferred purchase money amounts and similar payment obligations or continuing obligations of any nature of such Person arising out of purchase and sale contracts. 

“EBITDA” shall mean for any period the sum of (a) Earnings Before Interest and Taxes for such period, plus
(b) without duplication and to the extent reflected in arriving at net income (or loss) and not added back to Earnings Before Interest and Taxes, the sum of (i) depreciation expenses for such period, (ii) amortization expenses for
such period, including, without limitation, non-cash amortization expenses of deferred financing costs, (iii) fees and expenses incurred in connection with (1) the Transactions, (2) the financing of any Capital Expenditures or the
incurrence of Permitted Indebtedness, and (3) Permitted Acquisitions, (iv) unrealized losses under any interest or currency Swap Contract, and (v) fees and expenses paid in cash to COAC to the extent permitted under
Section 7.10(b) hereof minus (c) unrealized gains under any interest or currency Swap Contract. To the extent any provision of this Agreement permits the calculation of EBITDA on a pro forma basis (whether for calculating the
Leverage Ratio, Fixed Charge Coverage Ratio or any other test or ratio), the aggregate amount of all such pro forma adjustments increasing EBITDA in the form of cost savings, operating expense reductions or synergies for any fiscal year, when added
to the aggregate amount added back pursuant to clause (iii) of the defined term “Earnings Before Interest and Taxes” for such fiscal year, shall not exceed (w) $15,000,000 for the fiscal year ending December 31, 2014,
(x) $12,000,000 for the fiscal year ending December 31, 2015, (y) $12,000,000 for the fiscal year ending December 31, 2016 and (z) $10,000,000 for each fiscal year ending after December 31, 2016. 

  
 13 

 “Effective Date” means the date indicated in a document or agreement to be the
date on which such document or agreement becomes effective, or, if there is no such indication, the date of execution of such document or agreement. 

“Eligible Contract Participant” shall mean an “eligible contract participant” as defined in the CEA and regulations
thereunder. 
 “Eligible Inventory” shall mean and include Inventory, excluding work in process, with respect to each
Borrower, valued at the lower of cost or market value, determined on a first-in-first-out basis, or on an average cost basis, as Borrowers may elect (subject to the requirements with respect to such election set forth in Section 1.4 hereof),
which is not, in Agent’s opinion, exercised in its Permitted Discretion, obsolete, slow moving or unmerchantable and which Agent in its Permitted Discretion shall not deem ineligible Inventory, based on such considerations as Agent may from
time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible
Inventory if it (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof, (b) is in transit, other than Inventory that is in transit (i) between
locations of the Borrowers or (ii) from a vendor located in the United States to a Borrower, so long as title to such in transit Inventory has passed to such Borrower, (c) is located outside the continental United States or at a location
that is not otherwise in compliance with this Agreement, (d) constitutes Consigned Inventory, (e) is subject to a License Agreement or other agreement that limits, conditions or restricts any Borrower’s or Agent’s right to sell
or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement; or (f) is situated at a location not owned by a Borrower unless the owner or occupier of such location
has executed in favor of Agent a Lien Waiver Agreement, other than Inventory temporarily stored at a Customer location in connection with the providing of services to such Customer. 

“Eligible Receivables” shall mean and include with respect to each Borrower, each Receivable of such Borrower arising in the
Ordinary Course of Business and which Agent, in its judgment, exercised in its Permitted Discretion, shall not deem to be excluded as ineligible by virtue of one or more of the excluding criteria set forth below. A Receivable shall not be eligible
unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent in its Permitted
Discretion. In addition, no Receivable shall be an Eligible Receivable if: 
 (a) it arises out of a sale made by any Borrower to an
Affiliate of any Borrower or to a Person controlled by an Affiliate of any Borrower; 
 (b) it is due and unpaid more than sixty
(60) days after the due date or ninety (90) days after the original invoice date; 

  
 14 

 (c) fifty percent (50%) or more of the Receivables from a referenced Customer are deemed
ineligible hereunder, provided that such percentage may, in Agent’s Permitted Discretion be increased or decreased from time to time; 

(d) any representation or warranty contained in this Agreement with respect to such Receivable has been breached, or any covenant contained
in this Agreement with respect to such Receivables has been breached (after giving effect to any applicable grace period (if any) applicable to such covenant under Section 10.5 hereof) and the resultant Event of Default has not been waived;

 (e) the Customer shall (i) apply for, suffer, or consent to the appointment of, or the taking of possession by, a receiver,
custodian, trustee or liquidator of itself or of all or a substantial part of its property, (ii) admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business or call a
meeting of its creditors for the purposes of restructuring or reorganizing its debts generally, (iii) make a general assignment for the benefit of creditors, (iv) commence a voluntary case or proceeding under any state or federal
bankruptcy laws (as now or hereafter in effect), (v) be adjudicated a bankrupt or insolvent, (vi) file a petition seeking to take advantage of any other law providing for the relief of debtors, (vii) acquiesce to, or fail to have
dismissed, any petition which is filed against it in any involuntary case under such bankruptcy laws, or (viii) take any action for the purpose of effecting any of the foregoing; 

(f) the sale is to a Customer with an office outside the continental United States of America, unless the sale is on letter of credit,
guaranty or acceptance terms, in each case acceptable to Agent in its Permitted Discretion; 
 (g) the sale to the Customer is on a
bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment or any other repurchase or return basis or is evidenced by chattel paper with respect to which Agent does not have a perfected first priority security interest; 

(h) Agent believes, in its Permitted Discretion, that collection of such Receivable is insecure or that such Receivable may not be paid, in
either case by reason of the Customer’s financial inability to pay; 
 (i) the Customer is the United States of America, any state or
any department, agency or instrumentality of any of them, unless the applicable Borrower assigns its right to payment of such Receivable to Agent pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. Sub-Section 3727 et seq.
and 41 U.S.C. Sub-Section 15 et seq.) or has otherwise complied with other applicable statutes or ordinances; 
 (j) the goods giving
rise to such Receivable have not been delivered to and accepted by the Customer or the services giving rise to such Receivable have not been performed by the applicable Borrower or accepted by the Customer or the Receivable otherwise does not
represent a final sale; 

  
 15 

 (k) the Receivables of the Customer exceed a credit limit determined by Agent, in its Permitted
Discretion and reasonably taking into account the credit and financial circumstances of the Customer, to the extent such Receivable exceeds such limit; 

(l) the Receivable is subject to any offset, deduction, defense, dispute, or counterclaim (to the extent of such offset, deduction, defense,
dispute or counterclaim), or the Customer is also a creditor or supplier of a Borrower (to the extent of any amounts owed by such Borrower to such Customer as a creditor or supplier), or the obligations of the Customer to make payment with respect
to such Receivable is otherwise contingent, unliquidated or unfixed (but only to the extent of such contingency); 
 (m) the applicable
Borrower has made any agreement with the applicable Customer for any deduction therefrom for prompt payment, except for discounts or allowances made in the Ordinary Course of Business, all of which discounts or allowances are reflected in the
calculation of the face value of each respective invoice related thereto; 
 (n) any return, rejection or repossession of the merchandise
has occurred or the rendition of services has been disputed; 
 (o) such Receivable is not payable to a Borrower; or 

(p) such Receivable is not otherwise satisfactory to Agent as determined by Agent in the exercise of its Permitted Discretion. 

“Eligibility Date” shall mean, with respect to each Borrower and Guarantor and each CEA Swap, the date on which this
Agreement or any Other Document becomes effective with respect to such CEA Swap (for the avoidance of doubt, the Eligibility Date shall be the Effective Date of such CEA Swap if this Agreement or any Other Document is then in effect with respect to
such Borrower or Guarantor, and otherwise it shall be the Effective Date of this Agreement and/or such Other Document(s) to which such Borrower or Guarantor is a party). 

“Environmental Complaint” shall have the meaning set forth in Section 4.19(d) hereof. 

“Environmental Laws” shall mean all applicable federal, state and local laws, statutes, ordinances and codes as well as
common laws relating to the protection of the environment and human health and/or governing the use, storage, treatment, generation, transportation, processing, handling, production or disposal of Hazardous Substances and the rules and regulations,
or other legally binding guidelines, interpretations, decisions, policies, orders and directives of federal, state and local governmental agencies and authorities with respect thereto. 

“Equipment” shall mean and include as to any Person all of such Person’s goods (other than Inventory) whether now owned
or hereafter acquired and wherever located including all equipment, machinery, apparatus, motor vehicles, fittings, furniture, furnishings, fixtures, parts, accessories and all replacements and substitutions therefor or accessions thereto. 

“Equity Cure” shall have the meaning set forth in Section 11.5. 

  
 16 

 “Equity Interests” of any Person shall mean any and all shares, rights to
purchase, options, warrants, general, limited or limited liability partnership interests, member interests, participation or other equivalents of or interest in (regardless of how designated) equity of such Person, whether voting or nonvoting,
including common stock, preferred stock, convertible securities or any other “equity security” (as such term is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act). 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time and the rules and
regulations promulgated thereunder. 
 “Eurodollar Rate” shall mean for any Eurodollar Rate Loan for the then current
Interest Period relating thereto, the interest rate per annum determined by Agent by dividing (the resulting quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (a) the rate which appears on the Bloomberg Page
BBAM1 (or on such other substitute Bloomberg page that displays rates at which US dollar deposits are offered by leading banks in the London interbank deposit market), or the rate which is quoted by another source selected by Agent as an authorized
information vendor for the purpose of displaying rates at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market (an “Alternate Source”), at approximately 11:00 a.m., London time, two
(2) Business Days prior to the commencement of such Interest Period as the London interbank offered rate for U.S. Dollars for an amount comparable to such Eurodollar Rate Loan and having a borrowing date and a maturity comparable to such
Interest Period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement rate determined by Agent at such time (which determination shall be
conclusive absent manifest error)), by (b) a number equal 1.00 minus the Reserve Percentage. The Eurodollar Rate may also be expressed by the following formula: 

 

			
		  	Average of London interbank offered rates quoted by Bloomberg or appropriate Successor as shown on
		
	Eurodollar Rate =	  	 Bloomberg Page BBAM1
 1.00 - Reserve
Percentage

 The Eurodollar Rate shall be adjusted with respect to any Eurodollar Rate Loan that is outstanding on
the effective date of any change in the Reserve Percentage as of such effective date. Agent shall give prompt notice to the Borrowing Agent of the Eurodollar Rate as determined or adjusted in accordance herewith, which determination shall be
conclusive absent manifest error. 
 “Eurodollar Rate Loan” shall mean an Advance at any time that bears interest based on
the Eurodollar Rate. 
 “Event of Default” shall have the meaning set forth in Article X hereof. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Excluded Account” shall have the meaning specified therefor in Section 4.15(j). 

  
 17 

 “Excluded Assets” shall mean (a) assets if the granting of a security
interest in such asset would (I) be prohibited by Applicable Law (but proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC, shall not be deemed excluded from the Collateral regardless such
prohibition), or (II) be prohibited by contract (except to the extent such prohibition is overridden by UCC Section 9-408) (but proceeds and receivables thereof shall not be deemed to be excluded from the Collateral regardless of such
prohibition), in each case unless and until such prohibition is no longer in effect, (b) Equity Interests of any Borrower or its Restricted Subsidiaries or any Unrestricted Subsidiary or of any Subsidiary not constituting a Material Subsidiary,
(c) any property and assets, the pledge of which would require approval, license or authorization of any Governmental Body, unless and until such consent, approval, license or authorization shall have been obtained or waived, (d) any
intent-to-use Trademark applications for which no statement of use has been filed and accepted by the United States Patent and Trademark Office, (e) any Excluded Account and (f) assets in circumstances where Agent reasonably determines
that the cost, burden or consequences (including adverse tax consequences) of obtaining or perfecting a security interest in such assets is excessive in relation to the practical benefit afforded thereby. 

“Excluded Hedge Liability or Liabilities” shall mean, with respect to each Borrower and Guarantor, each of its CEA Swap
Obligations if, and only to the extent that, all or any portion of this Agreement or any Other Document that relates to such CEA Swap Obligation is or becomes illegal under the CEA, or any rule, regulation or order of the CFTC, solely by virtue of
such Borrower’s and/or Guarantor’s failure to qualify as an Eligible Contract Participant on the Eligibility Date for such CEA Swap. Notwithstanding anything to the contrary contained in the foregoing or in any other provision of this
Agreement or any Other Document, the foregoing is subject to the following provisos: (a) if a CEA Swap Obligation arises under a master agreement governing more than one CEA Swap, this definition shall apply only to the portion of such CEA Swap
Obligation that is attributable to CEA Swap for which such guaranty or security interest is or becomes illegal under the CEA, or any rule, regulations or order of the CFTC, solely as a result of the failure by such Borrower or Guarantor for any
reason to qualify as an Eligible Contract Participant on the Eligibility Date for such CEA Swap; (b) if a guarantee of a CEA Swap Obligation would cause such obligation to be an Excluded Hedge Liability but the grant of a security interest
would not cause such obligation to be an Excluded Hedge Liability, such CEA Swap Obligation shall constitute an Excluded Hedge Liability for purposes of the guaranty but not for purposes of the grant of the security interest; and (c) if there
is more than one Borrower or Guarantor executing this Agreement or the Other Documents and a CEA Swap Obligation would be an Excluded Hedge Liability with respect to one or more of such Persons, but not all of them, the definition of Excluded Hedge
Liability or Liabilities with respect to each such Person shall only be deemed applicable to (i) the particular CEA Swap Obligations that constitute Excluded Hedge Liabilities with respect to such Person, and (ii) the particular Person
with respect to which such CEA Swap Obligations constitute Excluded Hedge Liabilities. 
 “Excluded Subsidiary” means
(a) any Foreign Subsidiary, (b) any Unrestricted Subsidiary, (c) any CFC Holdco and (d) any Domestic Subsidiary that is a direct or indirect Subsidiary of a Foreign Subsidiary that is a CFC. 

  
 18 

 “Executive Order No. 13224” shall mean the Executive Order No. 13224
on Terrorist Financing, effective September 24, 2001, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

“Existing Credit Facilities” shall mean (i) the credit facility established by the Amended and Restated Purchase
Agreement, dated as of March 4, 2011, by and among Borrowers, Keane Frac GP, Shawn Keane, Kevin Keane, Timothy Keane, Brian Keane, KSD Newco Corporation, Keane Brothers L.P., Jacquelyn Keane, Cindy Keane, KG Fracing Acquisition Corp. and S
& K Management Services, LLC; (ii) the subordinated loan, dated as of June 6, 2014, made by the equity holders of Holdings to Holdings, in the original aggregate principal amount of $20,000,000 and (iii) the term loan under the
Original Agreement, in the original principal amount of $45,000,000. 
 “FASB ASC” means the Accounting Standards
Codification of the Financial Accounting Standards Board. 
 “FATCA” shall mean Sections 1471 through 1474 of the Code, as
of the date of this Agreement and any current or future regulations or official interpretations thereof. 
 “Federal Funds Effective
Rate” for any day shall mean the rate per annum (based on a year of 360 days and actual days elapsed and rounded upward to the nearest 1/100 of 1%) announced by the Federal Reserve Bank of New York (or any successor) on such day as being
the weighted average of the rates on overnight federal funds transactions arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor) in substantially the same manner as
such Federal Reserve Bank computes and announces the weighted average it refers to as the “Federal Funds Effective Rate” as of the date of this Agreement; provided, if such Federal Reserve Bank (or its successor) does not announce
such rate on any day, the “Federal Funds Effective Rate” for such day shall be the Federal Funds Effective Rate for the last day on which such rate was announced. 

“Federal Funds Open Rate” for any day shall mean the rate per annum (based on a year of 360 days and actual days elapsed)
which is the daily federal funds open rate as quoted by ICAP North America, Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day opposite the caption “OPEN” (or on such other substitute Bloomberg Screen that
displays such rate), or as set forth on such other recognized electronic source used for the purpose of displaying such rate as selected by PNC (an “Alternate Source”) (or if such rate for such day does not appear on the Bloomberg
Screen BTMM (or any substitute screen) or on any Alternate Source, or if there shall at any time, for any reason, no longer exist a Bloomberg Screen BTMM (or any substitute screen) or any Alternate Source, a comparable replacement rate determined by
the PNC at such time in PNC’s reasonable business judgment (which determination shall be conclusive absent manifest error); provided however, that if such day is not a Business Day, the Federal Funds Open Rate for such day shall be the
“open” rate on the immediately preceding Business Day. If and when the Federal Funds Open Rate changes, the rate of interest with respect to any advance to which the Federal Funds Open Rate applies will change automatically without notice
to the Borrowers, effective on the date of any such change. 

  
 19 

 “Fixed Charge Coverage Ratio” shall mean and include, with respect to any fiscal
period, the ratio of (a) (i) the sum of EBITDA for such period, (ii) minus Unfunded Capital Expenditures made during such period, (iii) minus (and, for avoidance of doubt, without duplication of any of the
following) distributions (including tax distributions) and dividends pursuant to Section 7.7 made in cash during such period, (iv) minus cash taxes paid during such period and (v) minus cash payments made in respect of
Attributable Indebtedness to (b) all Debt Payments, the Consolidated Parent on a Consolidated Basis. For purposes of calculating the Fixed Charge Coverage Ratio (and Debt Payments), such calculation shall be made on a pro forma
basis so as to give effect to any Permitted Acquisitions which have been consummated and any Permitted Indebtedness (including for the avoidance of doubt the incurrence of Indebtedness under this Agreement and the Term Loan Agreement on the Closing
Date) which shall have been incurred, in each case during the relevant fiscal period as if such consummation or incurrence had occurred on the first day of such period. 

“Foreign Currency Hedge” shall mean any foreign exchange transaction, including spot and forward foreign currency purchases
and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the
purchase of one currency in exchange for the sale of another currency entered into by any Borrower, Guarantor and/or any of their respective Subsidiaries. 

“Foreign Currency Hedge Liabilities” shall have the meaning assigned in the definition of Lender-Provided Foreign Currency
Hedge. 
 “Foreign Subsidiary” of any Person, shall mean any Subsidiary of such Person that is not thereof Domestic
Subsidiary. 
 “Formula Amount” shall have the meaning set forth in Section 2.1(a) hereof. 

“Frac ND” shall mean Keane Frac ND, a Delaware limited liability company and a Borrower. 

“GAAP” shall mean generally accepted accounting principles in the United States of America in effect from time to time. 

“General Intangibles” shall mean and include as to each Borrower all of such Borrower’s general intangibles, whether now
owned or hereafter acquired, including all payment intangibles, all choses in action, causes of action, corporate or other business records, inventions, designs, patents, patent applications, equipment formulations, manufacturing procedures, quality
control procedures, trademarks, trademark applications, service marks, trade secrets, goodwill, copyrights, design rights, software, computer information, source codes, codes, records and updates, registrations, licenses, franchises, customer lists,
tax refunds, tax refund claims, computer programs, all claims under guaranties, security interests or other security held by or granted to such Borrower to secure payment of any of the Receivables by a Customer (other than to the extent covered by
Receivables) all rights of indemnification and all other intangible property of every kind and nature (other than Receivables). 

  
 20 

 “Governmental Acts” shall have the meaning set forth in Section 2.17
hereof. 
 “Governmental Body” shall mean any nation or government, any state or other political subdivision thereof or any
entity, authority, agency, division or department exercising the executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to a government (including any supra-national bodies such as the European
Union or the European Central Bank) and any group or body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International
Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing). 

“Guarantor” shall mean Intermediate Holdco II, Keane Frac GP, each Restricted Subsidiary of each Borrower that is not an
Excluded Subsidiary, including those Subsidiaries that are listed on Schedule 1.4 hereto and any other Person who may hereafter guarantee payment or performance of the whole or any part of the Obligations and “Guarantors” means
collectively all such Persons. Any Restricted Subsidiary that is a borrower, a guarantor, or otherwise is an obligor under, or has granted a Lien on its assets as credit support for, the Term Loan Facility will also be a Guarantor. 

“Guarantor Security Agreement” shall mean any security agreement executed by any Guarantor in favor of Agent securing the
Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent. 
 “Guaranty” shall mean any
guaranty of the Obligations executed by a Guarantor in favor of Agent for its benefit and for the ratable benefit of Lenders, in form and substance satisfactory to Agent. 

“Hazardous Discharge” shall have the meaning set forth in Section 4.19(d) hereof. 

“Hazardous Substance” shall mean, without limitation, any flammable explosives, radioactive materials, friable and damaged
asbestos, polychlorinated biphenyls, petroleum and petroleum products, methane, hazardous materials, Hazardous Wastes, hazardous or Toxic Substances or related materials as defined in CERCLA, the Hazardous Materials Transportation Act, as amended
(49 U.S.C. Sections 5101, et seq.), RCRA, Articles 15 and 27 of the New York State Environmental Conservation Law or any other applicable Environmental Law and in the regulations adopted pursuant thereto. 

“Hazardous Wastes” shall mean all waste materials subject to regulation under CERCLA, RCRA or comparable state law, and any
other applicable Environmental Laws relating to hazardous waste disposal. 
 “Hedge Liabilities” shall mean collectively,
the Foreign Currency Hedge Liabilities and the Interest Rate Hedge Liabilities. 
 “Holdings” shall mean KGH Intermediate
Holdco I, LLC, a Delaware limited liability company. 

  
 21 

 “Increased Tax Burden” shall mean the additional federal, state or local taxes
assumed to be payable by a (direct or indirect) member or partner of any of the Loan Parties and the Restricted Subsidiaries as a result of such Loan Party’s or such Restricted Subsidiary’s status as a limited liability company or limited
partnership as evidenced and substantiated by the tax returns filed by such Loan Party or such Restricted Subsidiary as a limited liability company or limited partnership, as the case may be, with such taxes being calculated for all (direct or
indirect) members and partners, as the case may be, at the highest effective marginal combined U.S. federal, state and local income tax rate or rates applicable to any such member or partner, taking into account the character of the items of income,
gain, loss or deduction allocated to such member or partner, as the case may be. 
 “Increasing Lender” shall have the
meaning set forth in Section 2.24(a) hereof. 
 “Indebtedness” shall mean, as to any Person at any time, any and all
indebtedness, obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i) borrowed money, (ii) amounts
raised under or liabilities in respect of any note purchase or acceptance credit facility, and all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all Attributable Indebtedness,
(iv) reimbursement obligations (contingent or otherwise) under any letter of credit agreement, banker’s acceptance agreement or similar arrangement, (v) net obligations of such Person under any Swap Contract, (vi) any other
advances of credit made to or on behalf of such Person or other transaction (including forward sale or purchase agreements, capitalized leases and conditional sales agreements) having the commercial effect of a borrowing of money entered into by
such Person to finance its operations or capital requirements including to finance the purchase price of property or services and all obligations of such Person to pay the deferred purchase price of property or services (but not including trade
payables and accrued expenses incurred in the ordinary course of business which are not represented by a promissory note or other evidence of indebtedness and which are not more than sixty (60) days past due), or (vii) all Disqualified
Equity Interests of such Person, (viii) all indebtedness, obligations or liabilities secured by a Lien on any asset of such Person, whether or not such indebtedness, obligations or liabilities are otherwise an obligation of such Person,
(ix) Earnouts; or (x) any guaranty of any indebtedness, obligations or liabilities of a type described in the foregoing clauses (i) through (ix). 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint
venture that is itself a corporation or limited liability company) in which such Person is a general partner or joint venture, to the extent such Indebtedness is recourse to such Person. The amount of any net obligation under any Swap Contract on
any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of Indebtedness of any Person for purposes of clause (viii) that is limited in recourse to the property encumbered thereby shall be deemed to be equal
to the lesser of (i) the aggregate unpaid amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby as reasonably determined. 

“Ineligible Security” shall mean any security which may not be underwritten or dealt in by member banks of the Federal
Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended. 

  
 22 

 “Intellectual Property” shall mean property constituting under any Applicable
Law a patent, patent application, copyright, copyright application, trademark, trademark application, service mark, trade name, mask work, trade secret or license or other right to use any of the foregoing. 

“Intercreditor Agreement” shall mean that certain Intercreditor Agreement dated as of the Closing Date among Agent,
Borrowers, Term Loan Agent and the Term Loan Lenders, as the same may be amended, restated, modified, substituted, replaced or supplemented from time to time with the consent of the Agent, Term Loan Agent, the Term Loan Lenders, and, in the case of
any amendment or other foregoing modification which is adverse in any material respect to the Borrowers, the Borrowers. 

“Intermediate Holdco II” shall mean KGH Intermediate Holdco II, LLC, a Delaware limited liability company. 

“Interest Period” shall mean the period provided for any Eurodollar Rate Loan pursuant to Section 2.2(b) hereof. 

“Interest Rate Hedge” shall mean an interest rate exchange, collar, cap, swap, floor, adjustable strike cap, adjustable
strike corridor, cross-currency swap or similar agreements entered into by any Borrower, Guarantor and/or their respective Subsidiaries in order to provide protection to, or minimize the impact upon, such Borrower, any Guarantor and/or their
respective Subsidiaries of increasing floating rates of interest applicable to Indebtedness. 
 “Interest Rate Hedge
Liabilities” shall have the meaning assigned in the definition of Lender-Provided Interest Rate Hedge. 
 “Internally
Generated Funds” means, with respect to any Person, funds of such Person and its Restricted Subsidiaries not constituting (x) proceeds of the issuance of (or contributions in respect of) Equity Interests of such Person,
(y) proceeds of the incurrence of Indebtedness (other than the incurrence of extensions of credit hereunder or any other revolving credit or similar facility) by such Person or any of its Restricted Subsidiaries (including, for the avoidance of
doubt, proceeds received in connection with a Capitalized Lease or Sale-Leaseback Transaction) or (z) proceeds of sales, dispositions or Casualty Events (other than ordinary course dispositions of Inventory or Receivables). 

“Inventory” shall mean and include as to each Loan Party all of such Loan Party’s now owned or hereafter acquired goods,
merchandise and other personal property, wherever located, to be furnished under any consignment arrangement, contract of service or held for sale or lease, all raw materials, work in process, finished goods and materials and supplies of any kind,
nature or description which are or might be used or consumed in such Loan Party’s business or used in selling or furnishing such goods, merchandise and other personal property, and all documents of title or other documents representing them.

 “Inventory Advance Rate” shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof. 

  
 23 

 “Inventory NOLV Advance Rate” shall have the meaning set forth in
Section 2.1(a)(y)(ii) hereof. 
 “Investment Property” shall mean and include as to each Loan Party, all of such Loan
Party’s now owned or hereafter acquired securities (whether certificated or uncertificated), securities entitlements, securities accounts, commodities contracts and commodities accounts. 

“Issuer” shall mean any Person who issues a Letter of Credit and/or accepts a draft pursuant to the terms hereof. 

“Keane Completions” shall mean Keane Completions CN Corp., a corporation organized under the laws of British Columbia. 

“Keane Completions Lease Guaranty” shall mean any agreement by any Loan Party or any Restricted Subsidiary pursuant to which
such Loan Party or such Restricted Subsidiary shall have guaranteed, or otherwise agreed to be liable for, the payment when due and performance of the obligations of Keane Completions arising under any real property lease to which Keane Completions
is a party as lessee or tenant. 
 “Keane Frac GP” means Keane Frac GP, LLC, a Delaware limited liability company. 

“Keane Texas” shall mean Keane Frac TX, LLC, a Delaware limited liability company and a Borrower. 

“KGH” shall mean Keane Group Holdings, LLC, a Delaware limited liability company. 

“Leasehold Interests” shall mean all of each Loan Party’s right, title and interest in and to, and as lessee, of the
premises identified on Schedule 4.5 hereto. 
 “Lender” and “Lenders” shall have the meaning ascribed to
such term in the preamble to this Agreement and shall include each Person which becomes a transferee, successor or assign of any Lender. 

“Lender Default” shall have the meaning set forth in Section 2.23(a) hereof. 

“Lender-Provided Foreign Currency Hedge” shall mean a Foreign Currency Hedge which is provided by any Lender or Agent or any
Affiliate of any Lender or Agent and for which such Lender (if it is not that the Agent) or Affiliate of such Lender confirms to Agent in writing prior to the execution thereof that it: (a) is documented in a standard International Swap Dealers
Association, Inc. Master Agreement or another reasonable and customary manner; (b) provides for the method of calculating the reimbursable amount of the provider’s credit exposure in a reasonable and customary manner; and (c) is
entered into for hedging (rather than speculative) purposes. The liabilities owing to the provider of any Lender-Provided Foreign Currency Hedge (the “Foreign Currency Hedge Liabilities”) by any Borrower, Guarantor, or any of their
respective Subsidiaries that is party to such Lender-Provided Foreign Currency Hedge shall, for purposes of this Agreement and all Other Documents be “Obligations” of such Person and of each other Borrower and Guarantor, be guaranteed
obligations under any Guaranty and secured obligations under any Guarantor Security Agreement, as applicable, and otherwise treated as 

  
 24 

 
Obligations for purposes of the Other Documents, except to the extent constituting Excluded Hedge Liabilities of such Person. The Liens securing the Foreign Currency Hedge Liabilities shall be
pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.6 hereof. 

“Lender-Provided Interest Rate Hedge” shall mean an Interest Rate Hedge which is provided by any Lender or Agent or any
Affiliate of any Lender or Agent and for which such Lender (if it is not that the Agent) or Affiliate of such Lender confirms to Agent in writing prior to the execution thereof that it: (a) is documented in a standard International Swap Dealers
Association, Inc. Master Agreement or another reasonable and customary manner; (b) provides for the method of calculating the reimbursable amount of the provider’s credit exposure in a reasonable and customary manner; and (c) is
entered into for hedging (rather than speculative) purposes. The liabilities owing to the provider of any Lender-Provided Interest Rate Hedge (the “Interest Rate Hedge Liabilities”) by any Borrower, Guarantor, or any of their
respective Subsidiaries that is party to such Lender-Provided Interest Rate Hedge shall, for purposes of this Agreement and all Other Documents be “Obligations” of such Person and of each other Borrower and Guarantor, be guaranteed
obligations under any Guaranty and secured obligations under any Guarantor Security Agreement, as applicable, and otherwise treated as Obligations for purposes of the Other Documents, except to the extent constituting Excluded Hedge Liabilities of
such Person. The Liens securing the Hedge Liabilities shall be pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.6 hereof. 

“Letter of Credit Application” shall have the meaning set forth in Section 2.10 hereof. 

“Letter of Credit Borrowing” shall have the meaning set forth in Section 2.12(d) hereof. 

“Letter of Credit Fees” shall have the meaning set forth in Section 3.2 hereof. 

“Letter of Credit Sublimit” shall mean $10,000,000. 

“Letters of Credit” shall have the meaning set forth in Section 2.9 hereof. 

“Leverage Ratio” shall mean, as of any date, the ratio of (a) Total Net Debt outstanding on such date to (b) EBITDA
for the preceding period of four fiscal quarters ending closest to such date, all calculated for the Borrowers on a Consolidated Basis. Solely for purposes of calculating the Leverage Ratio, EBITDA shall be calculated on a pro forma basis so as to
give effect to any Permitted Acquisition which shall have been consummated in accordance with the definition thereof during such period of four fiscal quarters as if such consummation had occurred on the first day of such period. 

“License Agreement” shall mean any written agreement between any Borrower and a Licensor pursuant to which such Borrower is
authorized to use any Intellectual Property in connection with the manufacturing, marketing, sale or other distribution of any Inventory of such Borrower or otherwise in connection with such Borrower’s business operations (other than any
off-the-shelf, shrinkwrap or other generally and commercially available pre-packaged software products or licenses). 

  
 25 

 “Licensor” shall mean any Person from whom any Borrower obtains the right to use
pursuant to a License Agreement (whether on an exclusive or non-exclusive basis) any Intellectual Property in connection with such Borrower’s manufacture, marketing, sale or other distribution of any Inventory or otherwise in connection with
such Borrower’s business operations. 
 “Licensor/Agent Agreement” shall mean an agreement between Agent and a
Licensor, in form and content satisfactory to Agent in its Permitted Discretion, by which Agent is given the right, vis-a-vis such Licensor, to enforce Agent’s Liens with respect to and to dispose of any Borrower’s Inventory with the
benefit of any Intellectual Property applicable thereto, irrespective of such Borrower’s default under any License Agreement with such Licensor. 

“Lien” shall mean any mortgage, deed of trust, pledge, hypothecation, assignment, security interest, lien (whether statutory
or otherwise), Charge, claim or encumbrance, or preference, priority or other security agreement or preferential arrangement held or asserted in respect of any asset of any kind or nature whatsoever including any conditional sale or other title
retention agreement, the interest of any lessor under any contract designated as a lease that would be deemed to be a security interest under the applicable provisions Uniform Commercial Code (including Section 1-203 thereof) and the filing of
any financing statement under the Uniform Commercial Code or comparable law of any jurisdiction (other than precautionary lien filings). 

“Lien Waiver Agreement” shall mean an agreement which is executed in favor of Agent by a Person who owns or occupies premises
at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may have with respect to any of the Collateral and shall authorize Agent to enter upon the premises to inspect or remove the
Collateral from such premises or to use such premises to store or dispose of such Inventory. 
 “Liquidity” at a particular
date shall mean an amount equal to (a) Undrawn Availability as of such date plus (b) the aggregate amount of unrestricted cash and Cash Equivalents of Borrowers on deposit as of such date in any and all bank accounts owned by any
Borrower and maintained with PNC or any of its Affiliates. 
 “Loan Parties” shall mean collectively (a) the Borrowers
and (b) each other Guarantor (each, a “Loan Party”). 
 “Material Adverse Effect” shall mean a
material adverse effect on (a) the financial condition, results of operations, assets, business or properties of Borrowers on a Consolidated Basis, (b) any Loan Party’s ability to duly and punctually pay or perform the Obligations in
accordance with the terms thereof, (c) the value of a material portion of the Collateral, or Agent’s Liens on the Collateral or the priority of any such Lien or (d) the Agent’s and each Lender’s rights and remedies available
under this Agreement and the Other Documents. 
 “Material Contract” shall mean any contract, agreement, instrument, lease
or license, written or oral, of any of the Loan Parties, which is material to such Loan Party’s business, taken as a whole, or which, the failure to comply with, would reasonably be expected to result in a Material Adverse Effect. 

  
 26 

 “Material Subsidiary” means, at any date of determination, each Subsidiary of a
Borrower (a) whose total assets (when combined with the assets of such Subsidiary’s Subsidiaries after eliminating intercompany obligations) at the last day of the most recent four fiscal quarter period were equal to or greater than 5% of
Total Assets at such date or (b) whose EBITDA (when combined with the EBITDA of such Subsidiary’s Subsidiaries, after eliminating intercompany obligations) for such four fiscal quarter period were equal to or greater than 5% of the
consolidated EBITDA of the Borrowers and their Restricted Subsidiaries for such period, in each case determined in accordance with GAAP; provided that if, at any time and from time to time after the Closing Date, Subsidiaries whose Equity Interests
constitute Excluded Assets solely because they do not meet the thresholds set forth in clauses (a) or (b) comprise in the aggregate more than 5% of Total Assets as of the end of the most recently ended fiscal quarter of the Issuer for
which financial statements have been delivered pursuant to Sections 9.7 or 9.8 or more than 5% of the consolidated EBITDA of the Borrowers and its Restricted Subsidiaries for such four fiscal quarter period then ended, then the Borrowers shall,
not later than forty-five (45) days after the date by which financial statements for such quarter are required to be delivered pursuant to this Agreement (or such longer period as Agent may agree in their discretion), (i) designate in
writing to Agent one or more of such Domestic Subsidiaries as “Material Subsidiaries” to the extent required such that the foregoing condition ceases to be true and (ii) provide a perfected security interest in the assets owned by and
the Equity Interests of such Subsidiary to the extent otherwise required under this Agreement and the Other Documents (including, to the extent required, delivery of an Additional Guarantor Supplement). 

“Maximum Face Amount” shall mean, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit
including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. 

“Maximum Revolving Advance Amount” shall mean $30,000,000, plus any increases in accordance with Section 2.24. 

“Maximum Undrawn Amount” shall mean with respect to any outstanding Letter of Credit, the amount of such Letter of Credit
that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. 

“Modified Commitment Transfer Supplement” shall have the meaning set forth in Section 16.3(d) hereof. 

“Multiemployer Plan” shall mean a “multiemployer plan” as defined in Sections 3(37) or 4001(a)(3) of ERISA to which
contributions are required, or, within the preceding five plan years, were required by Holdings, any Borrower, their Restricted Subsidiaries or any member of the Controlled Group. 

“Multiple Employer Plan” shall mean a Plan which has two or more contributing sponsors (including any Borrower or any member
of the Controlled Group) at least two of whom are not under common control, as such a plan is described in Section 4063 or 4064 of ERISA. 

  
 27 

 “Narrative Report” shall mean, with respect to the financial statements for
which such narrative report is required, a narrative report describing (a) the results of operations of the Borrowers and its Subsidiaries for the applicable fiscal quarter or fiscal year and for the period from the beginning of the then
current fiscal year to the end of such period to which such financial statements relate and otherwise containing information substantially similar to the type customarily found in a management discussion and analysis and (b) in reasonable
detail all material changes made to any Material Contract and/or each Material Contract entered into by any Loan Party, in each case, since the most recently delivered Narrative Report. 

“Net Working Capital” means, as of any date of determination, Current Assets as of such date minus Current Liabilities as of
such date. 
 “New Lender” shall have the meaning set forth in Section 2.24(a) hereof. 

“Non-Defaulting Lender” shall have the meaning set forth in Section 2.23(b) hereof. 

“Non-Qualifying Party” shall mean any Borrower or any Guarantor that on the Eligibility Date fails for any reason to qualify
as an Eligible Contract Participant. 
 “Note” shall mean, collectively, the promissory notes referred to in
Section 2.1(a) hereof. 
 “Obligations” shall mean and include any and all loans (including without limitation, all
Advances), advances, debts, liabilities, obligations (including without limitation all reimbursement obligations and cash collateralization obligations with respect to Letters of Credit issued hereunder), covenants and duties owing by any Borrower
or Guarantor to Lenders or Agent of any kind or nature, present or future (including any interest or other amounts accruing thereon, any fees accruing under or in connection therewith, any costs and expenses of any Person payable by the Loan Parties
and any indemnification obligations payable by the Loan Parties arising or payable after maturity, or after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding relating to any Loan
Party, whether or not a claim for post-filing or post-petition interest, fees or other amounts is allowable or allowed in such proceeding), whether or not evidenced by any note, guaranty or other instrument (including without limitation the Note),
whether arising under any agreement, instrument or document (including this Agreement, the Other Documents, Lender-Provided Foreign Currency Hedges and any Cash Management Products and Services) whether or not for the payment of money, whether
arising by reason of an extension of credit, opening or issuance of a letter of credit, loan, equipment lease, establishment of any “purchasing card” or “p-card” program or guarantee, commercial card or similar facility or
guarantee, under any interest or currency swap, future, option or other similar agreement, or in any other manner, whether arising out of overdrafts or deposit or other accounts or electronic funds transfers (whether through automated clearing
houses or otherwise) or out of Agent’s or any Lender’s non-receipt of or inability to collect funds or otherwise not being made whole in connection with depository transfer check or other similar arrangements, whether direct or indirect
(including those acquired by assignment or participation), absolute or contingent, joint or several, due or to become due, now existing or hereafter arising, contractual or tortious, liquidated or unliquidated, regardless of how such indebtedness or
liabilities arise or by what agreement or instrument they may be evidenced or whether evidenced by any agreement or instrument, including, but not limited to, 

  
 28 

 
any and all of Borrower’s Indebtedness and/or liabilities under (i) this Agreement or the Other Documents and any amendments, extensions, renewals or increases and thereto, including
all costs and expenses of Agent and any Lender incurred in the documentation, negotiation, modification, enforcement, collection or otherwise in connection with any of the foregoing, including but not limited to reasonable attorneys’ fees and
expenses and all obligations of any Loan Party to Agent or Lenders to perform acts or refrain from taking any action, (ii) all Hedge Liabilities and (iii) all Cash Management Liabilities. Notwithstanding anything to the contrary contained
in the foregoing, the Obligations shall not include any Excluded Hedge Liabilities. 
 “Ordinary Course of Business” shall
mean, with respect to any Person, with respect to any line of business, the ordinary course of such business of such Person as conducted from time to time in accordance with the business practices established by such Person from time to time;
provided such practices are not inconsistent in any material respect with general industry standards then prevailing with respect to such business practices. 

“Original Agreement” shall have the meaning set forth in the whereas clause in this Agreement. 

“Original Closing Date” shall mean July 8, 2011. 

“Original Owners” shall mean (a) Cerberus Capital Management, L.P. or any of its Affiliates and any investment funds or
managed accounts which are managed or advised by Cerberus Capital Management, L.P. or one of its Affiliates and (b) each of Kevin Keane and Shawn Keane and each such individual’s estate, spouse, lineal descendants (including adoptive
descendants), relatives, administrators or other personal representative or other estate planning vehicle and any custodian or trustee for the benefit of any of them. 

“Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and
the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and
(c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the applicable Governmental Body in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity.

 “Other Documents” shall mean the Note, the Perfection Certificates, any Guaranty, any Guarantor Security Agreement, the
Intercreditor Agreement, any Lender-Provided Interest Rate Hedge and any and all other agreements, instruments and documents, including any subordination agreements, intercreditor agreements, guaranties, pledges, security agreement supplements,
collateral assignments, powers of attorney, consents or other similar agreements executed in connection with this Agreement, now or hereafter executed by any Borrower or any Guarantor and/or delivered to Agent or any Lender in respect of the
transactions contemplated by this Agreement. 

  
 29 

 “Out-of-Formula Loans” shall have the meaning set forth in Section 16.2(b)
hereof. 
 “Parent” of any Person shall mean a corporation or other entity owning, directly or indirectly at least 50% of
the shares of stock or other ownership interests having ordinary voting power to elect a majority of the directors of the Person, or other Persons performing similar functions for any such Person. 

“Participant” shall mean each Person who shall be granted the right by any Lender to participate in any of the Advances and
who shall have entered into a participation agreement in form and substance satisfactory to such Lender. 
 “Participant
Register” shall have the meaning set forth in Section 16.3(e). 
 “Participation Advance” shall have the
meaning set forth in Section 2.12(d) hereof. 
 “Participation Commitment” shall mean each Lender’s obligation to
buy a participation in the Letters of Credit issued hereunder. 
 “Payee” shall have the meaning set forth in
Section 3.10 hereof. 
 “Payment Office” shall mean initially Two Tower Center Boulevard, East Brunswick, New Jersey
08816; thereafter, such other office of Agent, if any, which it may designate by notice to Borrowing Agent and to each Lender to be the Payment Office. 

“PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA or any
successor. 
 “Pension Benefit Plan” shall mean at any time any “employee pension benefit plan” as defined in
Section 3(2) of ERISA (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Sections 412, 430 or 436 of the Code and either is maintained or
to which contributions are required by any Borrower or any member of the Controlled Group. 
 “Perfection Certificates”
shall mean collectively, the Perfection Certificates and the responses thereto provided by each Borrower and delivered to Agent. 

“Permitted Acquisitions” shall mean acquisitions of Equity Interests of another Person or of the assets of another Person
constituting all or substantially all of the assets of such Person or a business line or division of such Person, so long as: (a) the Borrowers have provided Agent with (i) written notice of such acquisition at least ten (10) days
prior to the expected closing date of such acquisition (or such shorter notice as Agent may otherwise agree) and (ii) such financial and other information concerning any such acquisition as Agent may reasonably request; (b) with respect to
the acquisition of (i) Equity Interests of another Person, such Person shall, immediately prior to such acquisition, be engaged only in a business or businesses contemplated by Section 5.20, or similar or supplementary to a business or
businesses contemplated by Section 5.20 and (ii) with respect to the acquisition of any assets other than Equity Interests, the acquired property and business(es) shall comprise a business or line of business, or a business unit or
division of an ongoing business, which is the same as, similar or supplementary to the business 

  
 30 

 
or businesses contemplated by Section 5.20; (c) the Borrowers shall have complied with Section 6.10 and Agent shall have received a first-priority perfected security interest in
all acquired assets and/or Equity Interests, as applicable, constituting Collateral, subject to documentation satisfactory to Agent (including, if applicable, in the case of any acquisitions of Equity Interests in an entity other than a corporation,
appropriate consents from all other partners or members and amendments to organizational documents permitting a pledge thereof) for the delivery and/or perfection of security interests in Collateral (excluding a Lien on Collateral that may be
perfected by the filing of a financing statement under the Uniform Commercial Code); (d) the Board of Directors of such company shall have duly approved the transaction; (e) the Borrowers shall have delivered to Agent (i) a pro forma
balance sheet, pro forma financial statements and a certificate of the Chief Financial Officer or Controller of the Borrowers demonstrating that, after giving effect to the consummation of any such acquisition, (1) Borrowers on a Consolidated
Basis shall be in pro forma compliance with the minimum Fixed Charge Coverage Ratio covenant (whether or not in effect) set forth in Section 6.5 hereof measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro
forma basis assuming that such acquisition had been consummated (and that any transactions relating to such acquisition, including the incurrence of a Qualified Earnout or any other Indebtedness) on the first day of such Pro Forma Testing Period
(and that all regularly scheduled interest and principal payments with respect to any such related Indebtedness had been paid during such Pro Forma Testing Period), and (2) Borrowers on a Consolidated Basis shall have a pro forma Leverage Ratio
of not greater than 3.50 to 1.00, measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such acquisition had been consummated (and that any transactions relating to such acquisition,
including the incurrence of Indebtedness) on the first day of such Pro Forma Testing Period (and that all regularly scheduled interest and principal payments with respect to any such related Indebtedness had been paid during such Pro Forma Testing
Period), and (ii) projections showing the projected calculation of the Fixed Charge Coverage Ratio for each four-quarter fiscal period of the Borrowers completed over the twelve-month period following the consummation of such acquisition and
related transactions (including any incurrence of Indebtedness); (f) both immediately before and immediately after giving pro forma effect to such acquisition and related transactions, no Default or Event of Default shall have occurred and be
continuing or will occur and each of the representations and warranties made by the Loan Parties and the Restricted Subsidiaries in or pursuant to this Agreement and the Other Documents (including, if applicable, as such representations and
warranties apply to such newly acquired Subsidiary or newly acquired assets) shall be true and correct in all material respects (except to the extent any such representation or warranty is already qualified as to materiality or the occurrence of a
Material Adverse Effect, in which case each such representation or warranty so qualified shall be true and correct in all respects on and as of such date as if made on and as of such date) and the certificate referred to in clause (e) above
shall include a certification as to the same; and (g) on the date of and after giving effect to such acquisition, Borrowers have Liquidity, calculated on an average basis for the period of ten (10) consecutive Business Days ending on such
date, and after taking into account any Revolving Advances needed to fund such acquisitions, of not less than $10,000,000; provided, that to the extent such acquisition is accounted for as an investment incurred pursuant to
Section 7.4(g) (as certified in the certificate delivered by the Chief Financial Officer or Controller of the Issuer), the Issuer shall not have to certify or otherwise comply with the conditions set forth in clauses (e)(i)(1), (e)(i)(2) or
(g) above. 

  
 31 

 “Permitted Discretion” means a determination made in good faith and in the
exercise of commercially reasonable (from the perspective of a secured asset-based lender) business judgment. 
 “Permitted
Encumbrances” shall mean (a) Liens in favor of Agent for the benefit of Agent and Lenders and counterparties under Lender-Provided Interest Rate Hedges; (b) Liens for taxes, assessments or other governmental charges not delinquent
or being Properly Contested; (c) deposits or pledges to secure obligations under worker’s compensation, social security or similar laws, or under unemployment insurance; (d) deposits or pledges to secure bids, tenders, contracts
(other than contracts for the payment of money), leases, statutory obligations, surety, performance and appeal bonds and other obligations of like nature arising in the Ordinary Course of Business; (e) Liens arising by virtue of the rendition,
entry or issuance against any Loan Party, or any property of any Loan Party, of any judgment, writ, order, or decree to the extent the rendition, entry, issuance or continued existence of such judgment, writ, order or decree (or any event or
circumstance relating thereto) has not resulted in the occurrence of an Event of Default under Section 10.6 hereof; (f) landlords’, mechanics’, workers’, materialmen’s or other like Liens arising in the Ordinary Course
of Business with respect to obligations which are not due and payable or which are being Properly Contested; (g) Liens (including purchase money liens and liens arising under Capitalized Leases) to secure Indebtedness permitted under clause
(b) of the defined term Permitted Indebtedness placed upon machinery, equipment or other fixed assets, hereafter acquired, to secure all or a portion of the purchase price thereof (in the case of a purchase money financing) or the lease
obligations relating thereto (in the case of a Capitalized Lease), provided that (I) no such lien shall encumber any other property of any Loan Party or any Restricted Subsidiary (other than any proceeds related thereto); (h) all
easements, covenants, encroachments, licenses, public or private roads, conditions, restrictions, rights of way, reservations of, or rights of others, encumbrances and other similar matters, improvements and structures located on, over or under any
Real Property that are disclosed in policies of title insurance accepted by Agent, and all other similar matters or minor defects or irregularities affecting title, or any state of facts that an accurate survey would disclose, in each case which do
not interfere in any material respect with the Ordinary Course of Business or have a material adverse effect on the value of such Real Property; (i) any zoning or similar law or right reserved to or vested in any Governmental Body, or any Lien
resulting from any exercise or enforcement thereof, in each case which do not interfere in any material respect with the Ordinary Course of Business or have a material adverse effect on the value of such Real Property; (j) Liens disclosed on
Schedule 1.2 provided that such Liens shall secure only those obligations which they secure on the Closing Date (and extensions, renewals and refinancings of such obligations permitted by Section 7.8 hereof) and shall not subsequently
apply to any other property or assets of any Loan Party or any Restricted Subsidiary other than the property and assets to which they apply as of the Closing Date and proceeds related thereto; (k) other Liens incidental to the conduct of any
Loan Party’s or its Restricted Subsidiaries’ business or the ownership of its property and assets which were not incurred in connection with the borrowing of money or the obtaining of advances or credit, and which do not in the aggregate
materially detract from Agent’s or Lender’s rights in and to the Collateral or the value of any Loan Party’s or any Restricted Subsidiary’s property or assets or which do not materially impair the use thereof in the operation of
any Loan Party’s or any Restricted Subsidiary’s business; (l) any interest or title of a lessor under any lease or sublease (other than a “capital lease” or any other lease that would be deemed to be a security

  
 32 

 
interest under the applicable provisions of the Uniform Commercial Code (including Section 1-203 thereof)) entered into by any Loan Party or any of the Restricted Subsidiaries as permitted
under this Agreement or in the ordinary course of business and any financing statement filed in connection with any such lease or sublease; (m) Liens in favor of the Term Loan Agent under the Term Loan Documents; (n) any Lien existing on
any property or assets prior to the acquisition thereof by any Loan Party or any of its Restricted Subsidiaries or existing on any property or asset of any Person at the time such Person becomes a Restricted Subsidiary (other than by designation as
a Restricted Subsidiary pursuant to Section 6.11), in each case after the Closing Date; provided that (i) such Lien was not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted
Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other than the proceeds or products thereof, it being understood that such requirement shall not be permitted to apply to any property to which such
requirement would not have applied but for such acquisition), (iii) the obligations (including any Indebtedness) secured by such Lien are otherwise permitted to be outstanding and secured under this Agreement and (iv) such Lien shall
secure only those obligations it secures on the date of such acquisition or the date such Person becomes a Loan Party or Restricted Subsidiary, and extensions, renewals and replacement thereof that do not increase the outstanding principal amount
thereof, and (o) other Liens, so long, as each such Lien does not extend to or cover any Collateral and provided that the aggregate amount of the obligations secured thereby does not exceed $1,500,000. 

“Permitted Indebtedness” means: 

(a) (1) Indebtedness to Agent, Lenders and their affiliates hereunder constituting Obligations, including Indebtedness under Lender-Provided
Interest Rate Hedges but only to the extent such Lender-Provided Interest Rate Hedges are entered into by Borrowers to hedge their risks with respect to other outstanding Indebtedness of Borrowers that is Permitted Indebtedness hereunder and not for
speculative or investment purposes and (2) Indebtedness under the Term Loan Facility not to exceed in aggregate principal amount the sum of $150,000,000 subject to an increase of $200,000,000 in accordance with the Term Loan Agreement and
(y) the amount of the increase pursuant to Section 2.24; 
 (b) Attributable Indebtedness and other Indebtedness (including
Capitalized Leases and Indebtedness incurred in connection with any Sale-Leaseback Transaction) financing an acquisition, construction, repair, replacement, lease or improvement of a fixed or capital asset, or entered into in connection with a
Sale-Leaseback Transaction, incurred by any Borrower or Restricted Subsidiary in an aggregate amount not to exceed $10,000,000; 
 (c)
Subordinated Indebtedness; provided, that such Subordinated Indebtedness shall not (i) mature earlier than 90 days after the then last day of the Term in effect on the date of issuance or incurrence thereof, (ii) include any
amortization or be subject to mandatory redemption, repurchase, prepayment or sinking fund obligation prior to 90 days after the last day of the Term, (iii) require any payments of interest (other than payment-in-kind through the addition to
the principal amount thereof) or other amounts in respect of the principal thereof prior to 90 days after the last day of the Term in effect on the date of incurrence or issuance thereof and (iv) have covenants, defaults or remedy provisions
more restrictive (taken as a whole) than those set forth in this Agreement; provided, that notwithstanding clause (iii)

  
 33 

 
above, in addition to interest payments constituting payment-in-kind, interest or other amounts in respect of the principal thereof may be required or permitted to be paid in cash or in other
non-cash consideration prior to 90 days after the last day of the Term in effect on the date of incurrence or issuance thereof to the extent the Subordinated Loan Documentation related to such Subordinated Indebtedness (w) expressly limits such
cash payments to the extent permitted pursuant to Section 7.16 of this Agreement, (x) agrees that any such payments made to the holders of such Subordinated Indebtedness in contravention of the terms of the Note Documents shall be held in
trust for the benefit of, and turned over on demand to, the Purchasers and (y) provides that the provisions set forth in clauses (w) and (x) are for the benefit of the Purchasers and may not be modified without the prior written
consent of the Purchasers 
 (d) any Indebtedness listed on Schedule 7.8, and the extension of maturity, refinancing or modification of the
terms thereof; provided, however, that (i) such extension, refinancing or modification is pursuant to terms that are not less favorable to the Loan Parties and the Restricted Subsidiaries in any material respect than the terms of the
Indebtedness being extended, refinanced or modified (including to the extent any such Indebtedness is Subordinated Indebtedness, the terms of such extended, refinanced or modified Indebtedness shall continue to constitute Subordinated Indebtedness),
(ii) after giving effect to such extension, refinancing or modification, the amount of such Indebtedness is not greater than the amount of Indebtedness outstanding immediately prior to such extension, refinancing or modification (other than
with respect to fees and expenses incurred for, and accrued and unpaid interest in respect of, such refinancing, extension or modification) and (iii) no Loan Party that was not liable with respect to the Indebtedness prior to its refinancing or
modification shall be liable with respect to such Indebtedness after giving effect to its refinancing or modification (a “Permitted Refinancing”); 

(e) Guarantees by any Borrower or any Restricted Subsidiary in respect of Permitted Indebtedness otherwise permitted hereunder;
provided that (A) no guarantee by any Restricted Subsidiary of any Indebtedness constituting Subordinated Indebtedness or Indebtedness under the Term Loan Facility shall be permitted unless such guaranteeing party shall have also
provided a Guaranty of the Obligations on the terms set forth herein, (B) if the Indebtedness being guaranteed is subordinated to the Obligations, such guarantee shall be subordinated to the Guaranty of the Obligations on terms at least as
favorable to the Secured Parties as those contained in the subordination of such Indebtedness and (C) no Restricted Subsidiary that is not a Loan Party shall guarantee Indebtedness for borrowed money of any Loan Party; 

(f) Indebtedness to the extent constituting Permitted Intercompany Investments; 

(g) Indebtedness incurred in the Ordinary Course of Business in connection with cash pooling, netting and cash management arrangements
consisting of overdrafts or similar arrangements; provided that any such Indebtedness does not consist of Indebtedness for borrowed money and such Indebtedness is extinguished within three (3) Business Days; 

(h) Indebtedness arising out of the issuance of surety, stay, customs or appeal bonds, bank guarantees, performance bonds and performance and
completing guarantees or other similar obligations, in each case incurred in the Ordinary Course of Business in connection with 

  
 34 

 
workers’ compensation, health, disability or other employee benefits, environmental obligations or property, casualty or liability insurance of any Loan Party or any Restricted Subsidiary
and in connection with other surety and performance bonds in the Ordinary Course of Business; 
 (i) Indebtedness of any of the Loan
Parties consisting of (i) repurchase obligations with respect to Equity Interests of such Person issued to the directors, consultants, managers, officers and employees of any of the Loan Parties arising upon the death, disability or termination
of employment of such director, consultant, manager, officer or employee to the extent such repurchase is permitted under Section 7.7(c)(ii)(D) and (ii) promissory notes issued by any of the Loan Parties to directors, consultants,
managers, officers and employees (or their spouses or estates) of any of the Loan Parties to purchase or redeem Equity Interests of such Loan Party issued to such director, consultant, manager, officer or employee to the extent such purchase or
redemption is permitted under Section 7.7(ii), provided that any such notes issued under this clause (ii) shall be subordinated in right of payment to all Obligations on terms and conditions reasonably satisfactory to the Agent
either pursuant to subordination provisions set forth in such notes or pursuant by the execution and delivery of a subordination agreement, which such subordination provisions or subordination agreement (as applicable) shall be in form and substance
reasonably satisfactory to the Agent; 
 (j) Qualified Earnouts; 

(k) Acquired Indebtedness in an aggregate principal amount not to exceed $5,000,000; 

(l) Indebtedness in respect of Swap Contracts designed to hedge against any Borrower’s or any Restricted Subsidiary’s exposure to
interest rates or currency fluctuations incurred in the Ordinary Course of Business and not for speculative purposes and guarantees thereof; and 

(m) additional unsecured Indebtedness of the Loan Parties, provided that (i) the aggregate principal amount at any one time
outstanding of all such Indebtedness shall not exceed $5,000,000, (ii) such Indebtedness shall be on terms and conditions satisfactory to Agent in its Permitted Discretion, (iii) at the time of the incurrence of such Indebtedness, no Event
of Default shall have occurred and be continuing and no Event of Default shall occur as a result of such incurrence, (iv) after giving effect to the incurrence of such Indebtedness, (x) Borrowers shall have pro forma compliance Undrawn
Availability of at least 25% of the Aggregate Commitment Amounts, and (v) no later than five (5) Business Days prior to the date of the incurrence of such Indebtedness, Borrowers shall deliver a certificate of the Chief Financial Officer
or Controller of Borrowing Agent certifying that the condition in preceding clause (iv) is satisfied with respect to the incurrence of such Indebtedness. 

“Permitted Intercompany Investments” means, in each case, to the extent made by the Borrower or any Restricted Subsidiary:

 (a) advances, loans or extensions of credit made to any Borrower or any of its Restricted Subsidiaries; 

  
 35 

 (b) assumptions, endorsements or guarantees of the obligations of any Borrower or any Restricted
Subsidiary that either constitute Permitted Indebtedness or, if such obligations do not constitute Indebtedness, are not otherwise prohibited hereunder; and 

(c) any purchase or acquisition of obligations or Equity Interests of, or any other interest in, any Borrower or any Restricted Subsidiary
(but excluding, for the avoidance of doubt, any such purchase or acquisition from a Person that is neither a Borrower nor a Restricted Subsidiary); 

so long as (x) no Event of Default has occurred and is continuing or would result therefrom and (y) the aggregate amount of such
advances, loans, extensions of credit, guarantees, assumptions, endorsements or investments made by Loan Parties in, or for the benefit of, Restricted Subsidiaries that are not Loan Parties pursuant to clauses (a), (b) or (c) above shall
not exceed (together with (A) the amount of consideration paid in respect of Persons that do not become Loan Parties or assets that do not constitute Collateral pursuant to clause (i) of the defined term “Permitted Investments”
and (B) the amount of investments outstanding pursuant to clause (k) of the defined term “Permitted Investments”) $5,000,000 in the aggregate outstanding at any time. 

“Permitted Investments” means (a) advances made in connection with purchases of goods or services in the Ordinary Course
of Business, (b) investments owned by any Loan Party on the Closing Date and set forth on Schedule 7.4, (c) [reserved], (d) Permitted Intercompany Investments, (e) Equity Interests or other securities acquired in connection with
the satisfaction or enforcement of Indebtedness or claims due or owing to a Loan Party (in bankruptcy of customers or suppliers or otherwise outside the ordinary course of business) or as security for any such Indebtedness or claims,
(f) non-cash loans to employees, officers, and directors of Holdings (or its direct or indirect parent) or any of its Subsidiaries for the purpose of purchasing Equity Interests in Holdings (or its direct or indirect parent) so long as the
proceeds of such loans are used in their entirety to purchase such stock in Holdings (or its direct or indirect parent), (g) [reserved], (h) investments received in settlement of amounts due to any Loan Party, made in the Ordinary Course
of Business or owing to any Loan Party as a result of insolvency proceedings involving a Customer or upon the foreclosure or enforcement of any Lien in favor of a Loan Party, (i) Permitted Acquisitions, provided that the aggregate amount
of consideration paid directly or indirectly by Loan Parties in respect of acquisitions of Persons that do not become Loan Parties (or paid to acquire property or assets that will not be owned by a Loan Party and constitute Collateral) (together
with the amount of investments made pursuant to clause (k) below and Permitted Intercompany Investments in, or for the benefit of, Restricted Subsidiaries that are not Loan Parties) shall not exceed $5,000,000, (j) investments held by any
Person acquired in a Permitted Acquisition to the extent that such investments were not made in contemplation of or in connection with such Permitted Acquisition and were in existence prior to the date of such Permitted Acquisition and (k) so
long as no Event of Default has occurred and is continuing or would result therefrom and, prior to making such investment, Borrowing Agent shall deliver to Agent an updated Borrowing Base Certificate in form and substance reasonably satisfactory to
Agent, which shall, among other things, reflect the satisfaction by Borrowers of the Special Undrawn Availability Condition, investments in any joint venture or partnership that is not an Affiliate of any Borrower not exceeding (together with the
amount of consideration 

  
 36 

 
paid in respect of Persons that do not become Loan Parties or assets that do not constitute Collateral pursuant to clause (i) above and (y) the amount of Permitted Intercompany
Investments in, or for the benefit of, Restricted Subsidiaries that are not Loan Parties) $5,000,000 in the aggregate outstanding at any time. 

“Person” shall mean any individual, sole proprietorship, partnership, corporation, business trust, joint stock company,
trust, unincorporated organization, association, limited liability company, limited liability partnership, institution, public benefit corporation, joint venture, entity or Governmental Body (whether federal, state, county, city, municipal or
otherwise, including any instrumentality, division, agency, body or department thereof). 
 “Plan” shall mean any employee
benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Benefit Plan and a Multiemployer Plan), maintained by any Loan Party or to which any Loan Party is required to contribute, and with respect to any Pension Benefit
Plan or Multiemployer Plan, maintained by any member of the Controlled Group or to which any such member is required to contribute. 

“PNC” shall have the meaning set forth in the preamble to this Agreement and shall extend to all of its successors and
assigns. 
 “Pro Forma Balance Sheet” shall have the meaning set forth in Section 5.5(a) hereof. 

“Pro Forma Financial Statements” shall have the meaning set forth in Section 5.5(b) hereof. 

“Pro Forma Testing Period” shall mean, as to any applicable incurrence of Indebtedness, re-purchase of Equity Interests
pursuant to Section 7.7(ii) hereof or making of any Permitted Acquisition,, the most recently completed four-fiscal quarter period prior to the date of such incurrence, re-purchase or Permitted Acquisition, as applicable, for which financial
statements and a related Compliance Certificate have been delivered to Agent under Section 9.7 or 9.8 (as applicable). 

“Properly Contested” shall mean, in the case of any Indebtedness, Lien or other obligation (including any taxes), as
applicable, of any Person that is not paid as and when due or payable by reason of such Person’s bona fide dispute concerning its liability to pay same or concerning the amount thereof: (a) such Indebtedness, Lien or other obligation, as
applicable, is being properly contested in good faith by appropriate proceedings promptly instituted and diligently conducted; (b) such Person has established appropriate reserves as shall be required in conformity with GAAP; (c) the
nonpayment of any such Indebtedness during such contest is not reasonably likely to have a Material Adverse Effect, (d) no Lien is imposed upon any of such Person’s assets with respect to such Indebtedness unless such Lien is at all times
junior and subordinate in priority to the Liens in favor of Agent (except only with respect to inchoate liens that have priority as a matter of Applicable Law) and enforcement of such Lien is stayed during the period prior to the final resolution or
disposition of such dispute; (e) if such Indebtedness, Lien or other obligation, as applicable, results from, or is determined by the entry, rendition or issuance against a Person or any of its assets of a judgment, writ, order or decree,
enforcement of such judgment, writ, order or decree is stayed pending a timely appeal or other judicial review; 

  
 37 

 
and (f) if such contest is abandoned, settled or determined adversely (in whole or in part) to such Person, such Person forthwith pays such Indebtedness and all penalties, interest and other
amounts due in connection therewith. 
 “Projections” shall have the meaning set forth in Section 5.5(b) hereof. 

“Published Rate” shall mean the rate of interest published each Business Day in the Wall Street Journal “Money
Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the Eurodollar Rate for a one month period as
published in another publication selected by Agent). 
 “Purchasing CLO” shall have the meaning set forth in
Section 16.3(d) hereof. 
 “Purchasing Lender” shall have the meaning set forth in Section 16.3(c) hereof. 

“Qualified Bank” shall mean a commercial bank or other similarly regulated institution, in each case organized under the laws
of the United States, or any state thereof, and having total assets in excess of $1,000,000,000. 
 “Qualified Earnout”
shall mean any Earnout that constitutes Subordinated Indebtedness that is incurred as part of a Permitted Acquisition. 
 “Qualified
ECP Loan Party” shall mean each Borrower or Guarantor that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in
Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000 or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility
Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA. 

“Qualified Subordinated Indebtedness” shall mean Subordinated Indebtedness incurred pursuant to clause (c) of the
definition of “Permitted Indebtedness”. 
 “RCRA” shall mean the Resource Conservation and Recovery Act, 42
U.S.C. §§ 6901 et seq., as same may be amended from time to time. 
 “Real Property” shall mean all of each Loan
Party’s right, title and interest (whether an interest in fee simple, a leasehold interest or any other interest of any kind whatsoever) in and to the owned and leased premises identified on Schedule 4.5 hereto (which such schedule shall be
updated from time to time and attached to each Compliance Certificate delivered pursuant to Section 9.8 if, since the Closing Date or the date of the last notification (as applicable), any Loan Party has acquired any additional Real Property)
or in and to any other premises or real property that are hereafter owned or leased by any Loan Party. 
 “Receivables”
shall mean and include, as to each Loan Party, all of such Loan Party’s accounts, contract rights, instruments (including those evidencing indebtedness owed to such 

  
 38 

 
Loan Party by its Affiliates), documents, chattel paper (including electronic chattel paper), general intangibles relating to accounts, drafts and acceptances, credit card receivables and all
other forms of obligations owing to such Loan Party arising out of or in connection with the sale or lease of Inventory or the rendition of services, all supporting obligations, guarantees and other security therefor, whether secured or unsecured,
now existing or hereafter created, and whether or not specifically sold or assigned to Agent hereunder. 
 “Receivables Advance
Rate” shall have the meaning set forth in Section 2.1(a)(y)(i) hereof. 
 “Recovery Event” shall have the
meaning set forth in Section 2.21(a) hereof. 
 “Refinancing” means (x) all indebtedness under the subordinated
loan made by KG Fracing Acquisition Corp. to KGH shall have been paid in full, (y) indebtedness in the form of a term loan of Holdings and its Subsidiaries under the Revolving Credit, Term Loan and Security Agreement, dated as of July 8,
2011 (as amended, supplemented or modified prior to the Closing Date, the “Existing Credit Agreement”) shall have been paid in full and (z) indebtedness in the form of a revolving facility of Holdings and its Subsidiaries shall
have been upsized under the Existing Credit Agreement, as amended and restated in the form of this Agreement on the Closing Date, from commitments of $20,000,000 to $30,000,000, with any outstanding letters of credit or advances continued under the
Existing Credit Agreement. 
 “Register” shall have the meaning set forth in Section 16.3(e) hereof. 

“Registered” shall mean issued, registered, renewed or subject to a pending application. 

“Reimbursement Obligation” shall have the meaning set forth in Section 2.12(b)hereof. 

“Release” shall have the meaning set forth in CERCLA. 

“Remedial Action” shall mean any response, remedial removal, or corrective action activity to clean up, detoxify,
decontaminate, contain or otherwise remediate any Hazardous Substance or to comply with any Environmental Laws, including any inspection, investigation, study, monitoring, assessment, audit, sampling and testing, laboratory or other analysis, or
evaluation relating to any Release or threatened Release of Hazardous Substances as required by Environmental Laws or the Authority. For purposes of this Agreement, Remedial Action shall mean those actions required under Environmental Laws. 

“Reportable Compliance Event” shall mean that any Covered Entity becomes a Sanctioned Person, or is charged by indictment,
criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is
reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law. 
 “Reportable
Event” shall mean a reportable event described in Section 4043 of ERISA or the regulations promulgated thereunder. 

  
 39 

 “Required Lenders” shall mean Lenders holding at least a majority of the
Advances and, if no Advances are outstanding, shall mean Lenders holding a majority of the Commitment Percentages; provided, however, if there are fewer than three (3) Lenders, Required Lenders shall mean all Lenders (excluding any
Lender if the amount equal to the Commitment Percentage of such Lender multiplied by the Maximum Revolving Advance Amount does not equal at least $5,000,000); and further provided that for purposes of this definition only, a Defaulting Lender will
be deemed not to be a Lender and not to have either Advances outstanding or a Commitment Percentage. 
 “Reserve
Percentage” shall mean as of any day the maximum percentage in effect on such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental,
marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”. 

“Responsible Officer” means the chief executive officer, president, chief financial officer or other similar officer or
Person performing similar functions of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other
action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Subsidiary” shall mean any Subsidiary other than an Unrestricted Subsidiary. Unless otherwise specified, all
references herein to a “Restricted Subsidiary” or to “Restricted Subsidiaries” shall refer to a Restricted Subsidiary or Restricted Subsidiaries of any Borrower. 

“Revolving Advances” shall mean Advances made other than Letters of Credit. 

“Revolving Interest Rate” shall mean an interest rate per annum equal to (a) with respect to Domestic Rate Loans,
the sum of the Alternate Base Rate plus three-quarters of one percent (0.75%) and (b) with respect to Eurodollar Rate Loans, the sum of the Eurodollar Rate and two and one-quarter percent (2.25%). 

“Sale-Leaseback Transaction” shall mean, with respect to any Loan Party or any Restricted Subsidiary, any arrangement,
directly or indirectly, with any Person whereby such Loan Party or any Restricted Subsidiary shall sell or transfer any Equipment, and thereafter rent or lease such Equipment or other Equipment that it intends to use for substantially the same
purpose or purposes as the Equipment being sold or transferred. 
 “Sanctioned Country” shall mean a country subject to a
sanctions program maintained under any Anti-Terrorism Law. 
 “Sanctioned Person” shall mean any individual person, group,
regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of
property or rejection of transactions), under any Anti-Terrorism Law. 

  
 40 

 “SEC” shall mean the Securities and Exchange Commission or any successor
thereto. 
 “Section 20 Subsidiary” shall mean the Subsidiary of the bank holding company controlling PNC, which Subsidiary
has been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities. 
 “Secured
Parties” shall mean, collectively, Agent, Issuer, and Lenders, together with any Affiliates of Agent or any Lender to whom any Hedge Liabilities or Cash Management Liabilities are owed and with each other holder of any of the Obligations,
and the respective successors and assigns of each of them. 
 “Securities Act” shall mean the Securities Act of 1933, as
amended. 
 “Settlement Date” shall mean the Closing Date and thereafter Wednesday or Thursday of each week or more
frequently if Agent deems appropriate unless such day is not a Business Day in which case it shall be the next succeeding Business Day. 

“Special Reserve” shall mean a dollar for dollar reserve made and calculated as of any applicable date of determination in an
aggregate amount equal to the sum of (i) the outstanding principal amount of all Permitted Intercompany Investments made by any Borrower to Keane Completions pursuant to clause (c) of the definition of Permitted Intercompany Investments
and (ii) the outstanding amount of all Permitted Investments made by any Borrower in Keane Completions pursuant to clause (j) of the definition of Permitted Investments, in each case determined as of such date. The Special Reserve shall be
reduced, dollar for dollar, by the amount of (i) any repayment by Keane Completions to the applicable Borrower of Permitted Intercompany Investments made to Keane Completions pursuant to clause (c) of the definition of Permitted
Intercompany Investments and (ii) any repayment or return (as applicable) by Keane Completions to the applicable Borrower of any Permitted Investments made pursuant to clause (j) of the definition of Permitted Investments, any such
reduction in the amount of the Special Reserve to occur at the time specified in Section 9.2 hereof. 
 “Special Undrawn
Availability Condition” shall mean that, as of any date of determination, the sum of the amounts calculated pursuant to the following clauses (i) and (ii) is not less than $2,000,000: (i) Undrawn Availability (the calculation
of which, for avoidance of doubt, shall be made after giving effect to all reserves, including the Special Reserve) plus (ii) the aggregate amount of unrestricted cash of all Borrowers, to the extent, in each case, that such cash is then
on deposit in a demand deposit account maintained by the applicable Borrower with PNC Bank, National Association. 
 “Subordinated
Indebtedness” means the Indebtedness evidenced by the Subordinated Loan Documentation. 
 “Subordinated Lender”
shall mean, as to any Subordinated Indebtedness, and collectively (if applicable) all of the lender(s) under and/or other holder(s) of such Subordinated Indebtedness. 

  
 41 

 “Subordinated Loan Documentation” shall mean, as to any Subordinated
Indebtedness, the applicable Subordination Agreement and any and all loan agreements between any Borrower and the applicable Subordinated Lender and/or promissory note(s) issued by any Borrower to the applicable Subordinated Lender in connection
with such Subordinated Indebtedness and all other instruments and documents executed in connection therewith. 
 “Subordination
Agreement” shall mean, as to any Subordinated Indebtedness, any subordination or intercreditor agreement, in form and substance reasonably satisfactory to Agent (including reasonably satisfactory provisions, if applicable, as required
pursuant to the proviso of clause (c) of the defined term “Permitted Indebtedness” in the case of any Qualified Subordinated Indebtedness that requires or permits payments (other than payments-in-kind in respect of interest) prior to
90 days after the last day of the Term on the date of incurrence or issuance thereof), executed by the applicable Subordinated Lender providing for the subordination in right of payment or of security of the applicable Subordinated Indebtedness to
all Obligations with or in favor of Agent for its benefit and for the ratable benefit of the Lenders. 
 “Subsidiary” of
any Person shall mean a corporation or other entity (i) of whose Equity Interests having ordinary voting power (other than Equity Interests having such power only by reason of the happening of a contingency) to elect a majority of the directors
or other governing body are at the time, directly or indirectly, beneficially owned by such Person or (ii) the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, by such Person, to the
extent such entity’s financial results are required to be included in such Person’s consolidated financial statements under GAAP. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries”
shall refer to a Subsidiary or Subsidiaries of any Borrower. 
 “Subsidiary Guarantor” shall mean any Guarantor other than
Holdings. 
 “Swap Contract” shall mean (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Swap Obligation” shall mean, with respect to any Loan Party, any obligation to pay or perform under any agreement, contract
or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

  
 42 

 “Swap Termination Value” shall mean, in respect of any one or more Swap
Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market
or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“Term” shall have the meaning set forth in Section 13.1 hereof. 

“Term Loan Agent” shall mean U.S. Bank National Association. 

“Term Loan Agreement” shall mean that certain Note Purchase Agreement dated as of the Closing Date among Intermediate Holdco
II, Term Loan Agent and Term Loan Lenders, pursuant to which an aggregate principal amount of up to $150,000,000 shall be advanced on the Closing Date to Borrowers in the form of a term loan, as the same may be amended, restated, replaced, modified
or supplemented from time to time, including, without limitation, amendments, modifications, supplements, restatements and/or replacements thereof giving effect to increases, renewals, extensions, refundings, deferrals, restructurings, replacements
or refinancings of, or additions to, the arrangements provided in such documents with the consent of the Agent, the Loan Parties thereto, the Term Loan Agent and the Term Loan Lenders. 

“Term Loan Debt” shall mean the Indebtedness incurred by Borrowers under the Term Loan Agreement, up to an aggregate
principal amount not to exceed the sum of (x) $200,000,000 plus (y) $40,000,000 minus the amount, if any, by which the Maximum Revolving Advance Amount is increased pursuant to Section 2.24 hereof. 

“Term Loan Deposit Accounts” means any deposit account that is required to be established pursuant to the Term Loan Documents
for the exclusive purpose of holding identifiable proceeds of the Term Loan Priority Collateral. 
 “Term Loan Documents”
shall mean the Term Loan Agreement and each other agreement, instrument or document executed or delivered pursuant to or in connection with the Term Loan Agreement, as the same may be amended, restated, replaced, modified or supplemented from time
to time, including, without limitation, amendments, modifications, supplements, restatements and/or replacements thereof giving effect to increases, renewals, extensions, refundings, deferrals, restructurings, replacements or refinancings of, or
additions to, the arrangements provided in such Term Loan Documents with the consent of the Agent, the Loan Parties thereto, the Term Loan Agent and the Term Loan Lenders. 

“Term Loan Facility” shall mean the term credit facility under the Term Loan Agreement. 

“Term Loan Lenders” shall mean the lenders from time to time party to the Term Loan Agreement. 

  
 43 

 “Term Loan Priority Collateral” shall mean and include all “Notes
Collateral” as such term is defined in the Intercreditor Agreement as in effect on the date hereof. 
 “Termination
Event” shall mean: (a) a Reportable Event with respect to any Plan (other than an event for which the 30 day notice period is waived); (b) the withdrawal of any Borrower, any Restricted Subsidiary or any member of the Controlled
Group from a Pension Benefit Plan during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA; (c) the providing of notice of intent to terminate a Plan in a distress termination
described in Section 4041(c) of ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (d) the institution by the PBGC of proceedings to terminate a Plan; (e) (i) the
termination of, or the appointment of a trustee to administer, any Pension Benefit Plan under Section 4042 of ERISA, or (ii) the termination of a Multiemployer Plan pursuant to Section 4041A of ERISA, or (iii) the partial or
complete withdrawal within the meaning of Section 4203 or 4205 of ERISA, of any Borrower, any Restricted Subsidiary or any member of the Controlled Group from a Multiemployer Plan, (f) notice that a Multiemployer Plan is subject to
Section 4245 of ERISA; or (g) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent, upon any Borrower, any Restricted Subsidiary or any member of the Controlled Group. 

“Total Assets” means the total assets of the Borrowers on a Consolidated Basis, as shown on the most recent balance sheet of
the Borrowers on a Consolidated Basis delivered pursuant to Sections 9.7 or, 9.8 for the period prior to the time any such statements are so delivered pursuant to Sections 9.7 or 9.8, the Pro Forma Financial Statements. 

“Total Net Debt” means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of the
Borrowers on a Consolidated Basis outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP (including, for the avoidance of doubt, any Earnouts),
minus (b) the aggregate amount of cash and Cash Equivalents (other than Restricted Cash) not to exceed $20,000,000, in each case included on the consolidated balance sheet of the Borrowers and its Restricted Subsidiaries as of such date,
contained in deposit or securities accounts subject to control agreements in favor of the Agent and free and clear of all Liens (other than nonconsensual Liens, Liens in favor of the Agent for the benefit of the Loan Parties, and Liens in favor of
the agent for the benefit of the lenders under the Term Loan Facility, all to the extent permitted by Section 7.2); provided, that Indebtedness in respect of Swap Contracts (if any) shall only be included for purposes of clause
(a) above to the extent (and only in the amount of any excess by which) the aggregate Swap Termination Value in respect of such Swap Contracts exceeds $5,000,000. 

“Toxic Substance” shall mean and include any material present on the Real Property or the Leasehold Interests which has been
shown to have significant adverse effect on human health or which is subject to regulation under the Toxic Substances Control Act (TSCA), 15 U.S.C. §§ 2601 et seq., applicable state law, or any other applicable Federal or state laws now in
force or hereafter enacted relating to toxic substances. “Toxic Substance” includes but is not limited to asbestos, polychlorinated biphenyls (PCBs) and lead-based paints. 

  
 44 

 “Trading with the Enemy Act” shall mean the foreign assets control regulations
of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any enabling legislation or executive order relating thereto. 

“Transactions” shall mean, collectively, (a) the execution and delivery of this Agreement and the Other Documents to be
entered into on the Closing Date, (b) the execution and delivery of the Term Loan Agreement and any other agreements, instruments and documents to be entered into under the Term Loan Facility on the Closing Date, (c) the Refinancing,
(d) the consummation of any other transactions in connection with the foregoing and (e) the payment of fees and expenses in connection with the foregoing. 

“Transferee” shall have the meaning set forth in Section 16.3(d) hereof. 

“Ultra Tech Earnout Payments” shall mean, collectively, the “Earn-Out Payments” payable pursuant to, and as such
term is defined under, the Asset Purchase Agreement, dated December 3, 2013, among KGH, Keane Frac TX, LLC and Ultra Tech Frac Services, LLC. 

“Undrawn Availability” at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount
or (ii) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all outstanding Letters of Credit, minus (b) the sum of (i) the outstanding amount of Advances (other than Letters of Credit) plus
(ii) all amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past their due date (other than trade payables which are being Properly Contested). 

“Unfunded Capital Expenditures” shall mean Capital Expenditures made with Internally Generated Funds and, for the avoidance
of doubt, not including Capital Expenditures funded through or by funds provided by any Customer or supplier for such purpose. 

“Uniform Commercial Code” shall have the meaning set forth in Section 1.3 hereof. 

“Unrestricted Subsidiary” means a Subsidiary of any Borrower designated by the Board of Directors as an Unrestricted
Subsidiary pursuant to Section 6.11 subsequent to the Closing Date, in each case, until such Person ceases to be an Unrestricted Subsidiary in accordance with Section 6.11 or ceases to be a Subsidiary of any Borrower. No Subsidiary shall
be designated an Unrestricted Subsidiary if either (a) it owns Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, any Borrower or any of their Restricted Subsidiaries, (b) it is a Restricted Subsidiary for
purposes of the Term Loan Facility or (c) the Term Loan Facility does not include the substantially similar provision to provide for Restricted Subsidiaries and Unrestricted Subsidiaries. 

“USA PATRIOT Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

“Week” shall mean the time period commencing with the opening of business on a Wednesday and ending on the end of business
the following Tuesday. 

  
 45 

 1.3. Uniform Commercial Code Terms. All terms used herein and defined in the Uniform
Commercial Code as adopted in the State of New York from time to time (the “Uniform Commercial Code”) shall have the meaning given therein unless otherwise defined herein. Without limiting the foregoing, the terms “accounts”,
“chattel paper” (and “electronic chattel paper” and “tangible chattel paper”), “commercial tort claims”, “deposit accounts”, “documents”, “equipment”, “financial asset”,
“fixtures”, “goods”, “instruments”, “investment property”, “letter-of-credit rights”, “payment intangibles”, “proceeds”, “promissory note” “securities”,
“software” and “supporting obligations” as and when used in the description of Collateral shall have the meanings given to such terms in Articles 8 or 9 of the Uniform Commercial Code. To the extent the definition of any category
or type of collateral is expanded by any amendment, modification or revision to the Uniform Commercial Code, such expanded definition will apply automatically as of the date of such amendment, modification or revision. 

1.4. Certain Matters of Construction. The terms “herein”, “hereof” and “hereunder” and other words of
similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. All references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits
and Schedules to, this Agreement. Any pronoun used shall be deemed to cover all genders. Wherever appropriate in the context, terms used herein in the singular also include the plural and vice versa. All references to statutes and related
regulations shall include any amendments of same and any successor statutes and regulations. Unless otherwise provided, all references to any instruments or agreements to which Agent is a party, including references to any of the Other Documents,
shall include any and all modifications, supplements or amendments thereto, any and all restatements or replacements thereof and any and all extensions or renewals thereof. All references herein to the time of day shall mean the time in New York,
New York. Unless otherwise provided, all financial calculations shall be performed with Inventory valued on a first-in, first-out basis, or on an average cost basis, as Borrowers may elect (provided such election may only be made once, within a
reasonable period following the Closing Date, and once made, may not be modified without the Agent’s prior written consent, which shall not be unreasonably withheld or delayed). Whenever the words “including” or “include”
shall be used, such words shall be understood to mean “including, without limitation” or “include, without limitation”. A Default or Event of Default shall be deemed to exist at all times during the period commencing on the date
that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the case of a Default, is cured within any period of cure expressly provided for in this
Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has been waived in writing by the Required Lenders or all Lenders, as applicable Any Lien referred to in this Agreement or any of
the Other Documents as having been created in favor of Agent, any agreement entered into by Agent pursuant to this Agreement or any of the Other Documents, any payment made by or to or funds received by Agent pursuant to or as contemplated by this
Agreement or any of the Other Documents, or any act taken or omitted to be taken by Agent, shall, unless otherwise expressly provided, be created, entered into, made or received, or taken or omitted, for the benefit or account of Agent and Lenders.
Wherever the phrase “to the Loan Parties’ knowledge,” “Borrower’s knowledge” or “to the knowledge of a Responsible Officer” or similar phrases relating to the knowledge or the awareness of any Loan Party or
Borrower (or one or more of their Responsible Officers) are used in this Agreement or the Other Documents, 

  
 46 

 such phrase shall mean and refer to (i) the actual knowledge of a Responsible Officer of any Loan Party or
Borrower, as the case may be, or (ii) the knowledge that a Responsible Officer of any Loan Party or Borrower, as the case may be, would have obtained if he had engaged in good faith and diligent performance of his duties, including the making
of such reasonably specific inquiries as may be necessary of the employees or agents of such Loan Party or Borrower, as the case may be, and a good faith attempt to ascertain the existence or accuracy of the matter to which such phrase relates. 

 

	II.	ADVANCES, PAYMENTS. 

 2.1. Revolving Advances. 

(a) Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement including Sections 2.1(b) and (c),
each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the
aggregate Maximum Undrawn Amount of all outstanding Letters of Credit or (y) an amount equal to the sum of: 
 (i) 85%
(“Receivables Advance Rate”) of Eligible Receivables, plus 
 (ii) subject to the provisions of Sections 2.1(b)
hereof, the lesser of (A) 60% of the value of the Eligible Inventory (the “Inventory Advance Rate”) and (B) 85% of the appraised net orderly liquidation value of Eligible Inventory (as evidenced by an Inventory appraisal
satisfactory to Agent in its sole discretion exercised in good faith) (the “Inventory NOLV Advance Rate”, together with the Inventory Advance Rate and the Receivables Advance Rate, collectively, the “Advance
Rates”), minus  
 (iii) the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit; minus 

(iv) the Special Reserve; minus 

(v) such reserves, in addition to the Special Reserve, as Agent may deem proper and necessary from time to time in the exercise of its
Permitted Discretion, provided that (x) no such reserve shall be duplicative of any factor then in existence material to the determination by Agent, in the exercise of its Permitted Discretion, to exclude one or more Receivables (or any
portion thereof) of a Borrower from Eligible Receivables or Inventory (or any portion thereof) of a Borrower from Eligible Inventory, pursuant to the criteria contained in the respective definitions thereof, (y) no such reserve shall be
duplicative of any reserve established and in effect on and after the Closing Date (provided that the limitation contained in this clause (y) shall not extend to any increase in any such reserve, to the extent such increase is based on
any change in either Agent’s knowledge, or in the risks or circumstances, in each case arising after the Closing Date and relating to the factors underlying Agent’s initial determination with respect to such previously established reserve)
and (z) Agent shall endeavor to give reasonable prior notice to Borrowing Agent of its intention to impose a new reserve or to increase the amount of an existing reserve. 

  
 47 

 The amount derived from the sum of (x) Sections 2.1(a)(y)(i) and (ii) minus (y) Section 2.1
(a)(y)(iii), (iv) and (v) at any time and from time to time shall be referred to as the “Formula Amount”. The Revolving Advances shall be evidenced by one or more secured promissory notes (collectively, the
“Note”) substantially in the form attached hereto as Exhibit 2.1(a). 
 (b) Sublimits for Revolving Advances made
against Eligible Inventory. The aggregate amount of Revolving Advances made to Borrower against Eligible Inventory shall not exceed (i) with respect to Eligible Inventory consisting of inventory that is in transit between locations of the
Borrowers, in the aggregate, at any time outstanding $500,000, (ii) with respect to Eligible Inventory consisting of inventory that is in transit from a vendor located in the United States to a Borrower, in the aggregate, at any time
outstanding $500,000, (iii) with respect to all Eligible Inventory temporarily stored at a Customer location in connection with the providing of services to such Customer, in the aggregate, at any time outstanding $250,000 and
(iv) notwithstanding and without contradicting the foregoing clause (i), (ii) and (iii), with respect to all Eligible Inventory collectively, in the aggregate, at any time outstanding, an amount not greater than fifty percent (50%) of
the Maximum Revolving Advance Amount then in effect. 
 2.2. Procedure for Revolving Advances Borrowing. 

(a) Borrowing Agent on behalf of any Borrower may notify Agent prior to 12:00 noon on a Business Day of a Borrower’s request to incur,
on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become
due, same shall be deemed a request for a Revolving Advance maintained as a Domestic Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other
agreement with Agent or Lenders, and such request shall be irrevocable. 
 (b) Notwithstanding the provisions of subsection (a) above,
in the event any Borrower desires to obtain a Eurodollar Rate Loan, Borrowing Agent shall give Agent written notice by no later than 12:00 noon on the day which is three (3) Business Days prior to the date such Eurodollar Rate Loan is to be
borrowed, specifying (i) the date of the proposed borrowing (which shall be a Business Day), (ii) the type of borrowing and the amount on the date of such Advance to be borrowed, which amount shall be in a minimum amount of $250,000 and in
integral multiples of $100,000 thereafter, and (iii) the duration of the first Interest Period therefor. Interest Periods for Eurodollar Rate Loans shall be for one, two, three or six months; provided, if an Interest Period would end on a day
that is not a Business Day, it shall end on the next succeeding Business Day unless such day falls in the next succeeding calendar month in which case the Interest Period shall end on the next preceding Business Day. No Eurodollar Rate Loan shall be
made available to any Borrower during the continuance of a Default or an Event of Default. After giving effect to each requested Eurodollar Rate Loan, including those which are converted from a Domestic Rate Loan under Section 2.2(d), there
shall not be outstanding more than six (6) Eurodollar Rate Loans, in the aggregate. 
 (c) Each Interest Period of a Eurodollar Rate
Loan shall commence on the date such Eurodollar Rate Loan is made and shall end on such date as Borrowing Agent may elect as set forth in subsection (b)(iii) above provided that the exact length of each Interest Period shall be determined in
accordance with the practice of the interbank market for offshore Dollar deposits and no Interest Period shall end after the last day of the Term. 

  
 48 

 Borrowing Agent shall elect the initial Interest Period applicable to a Eurodollar Rate Loan by
its notice of borrowing given to Agent pursuant to Section 2.2(b) or by its notice of conversion given to Agent pursuant to Section 2.2(d), as the case may be. Borrowing Agent shall elect the duration of each succeeding Interest Period by
giving irrevocable written notice to Agent of such duration not later than 12:00 noon on the day which is three (3) Business Days prior to the last day of the then current Interest Period applicable to such Eurodollar Rate Loan. If Agent does
not receive timely notice of the Interest Period elected by Borrowing Agent, Borrowing Agent shall be deemed to have elected to convert to a Domestic Rate Loan subject to Section 2.2(d) below. 

(d) Provided that no Event of Default shall have occurred and be continuing, Borrowing Agent may, on the last Business Day of the then
current Interest Period applicable to any outstanding Eurodollar Rate Loan, or on any Business Day with respect to Domestic Rate Loans, convert any such loan into a loan of another type in the same aggregate principal amount provided that any
conversion of a Eurodollar Rate Loan shall be made only on the last Business Day of the then current Interest Period applicable to such Eurodollar Rate Loan. If Borrowing Agent desires to convert a loan, Borrowing Agent shall give Agent written
notice by no later than 12:00 noon (i) on the day which is three (3) Business Days’ prior to the date on which such conversion is to occur with respect to a conversion from a Domestic Rate Loan to a Eurodollar Rate Loan, or
(ii) on the day which is one (1) Business Day prior to the date on which such conversion is to occur with respect to a conversion from a Eurodollar Rate Loan to a Domestic Rate Loan, specifying, in each case, the date of such conversion,
the loans to be converted and if the conversion is from a Domestic Rate Loan to any other type of loan, the duration of the first Interest Period therefor. 

(e) At its option and upon written notice given prior to 12:00 noon (New York time) at least three (3) Business Days’ prior to the
date of such prepayment, any Borrower may prepay the Eurodollar Rate Loans in whole at any time or in part from time to time with accrued interest on the principal being prepaid to the date of such repayment. Such Borrower shall specify the date of
prepayment of Advances which are Eurodollar Rate Loans and the amount of such prepayment. In the event that any prepayment of a Eurodollar Rate Loan is required or permitted on a date other than the last Business Day of the then current Interest
Period with respect thereto, such Borrower shall indemnify Agent and Lenders therefor in accordance with Section 2.2(f) hereof. 
 (f)
Each Borrower shall indemnify Agent and Lenders and hold Agent and Lenders harmless from and against any and all losses or expenses (excluding lost profits) that Agent and Lenders may sustain or incur as a consequence of any prepayment, conversion
of or any default by any Borrower in the payment of the principal of or interest on any Eurodollar Rate Loan or failure by any Borrower to complete a borrowing of, a prepayment of or conversion of or to a Eurodollar Rate Loan after notice thereof
has been given, including, but not limited to, any interest payable by Agent or Lenders to lenders of funds obtained by it in order to make or maintain its Eurodollar Rate Loans hereunder. A certificate as to any additional amounts payable pursuant
to the foregoing sentence (reflecting the calculation thereof) submitted by Agent or any Lender to Borrowing Agent shall be conclusive absent manifest error. 

  
 49 

 (g) Notwithstanding any other provision hereof, if any Applicable Law or any change therein or
in the interpretation or application thereof, shall make it unlawful for any Lender (for purposes of this subsection (g), the term “Lender” shall include any Lender and the office or branch where any Lender or any corporation or bank
controlling such Lender makes or maintains any Eurodollar Rate Loans) to make or maintain its Eurodollar Rate Loans, the obligation of Lenders to make Eurodollar Rate Loans hereunder shall forthwith be cancelled and Borrowers shall, if any affected
Eurodollar Rate Loans are then outstanding, promptly upon request from Agent, either pay all such affected Eurodollar Rate Loans or convert such affected Eurodollar Rate Loans into loans of another type. If any such payment or conversion of any
Eurodollar Rate Loan is made on a day that is not the last day of the Interest Period applicable to such Eurodollar Rate Loan, Borrowers shall pay Agent, upon Agent’s request, such amount or amounts as may be necessary to compensate Lenders for
any loss or expense sustained or incurred by Lenders in respect of such Eurodollar Rate Loan as a result of such payment or conversion, including (but not limited to) any interest or other amounts payable by Lenders to lenders of funds obtained by
Lenders in order to make or maintain such Eurodollar Rate Loan. A certificate as to any additional amounts payable pursuant to the foregoing sentence (reflecting the calculation thereof) submitted by Lenders to Borrowing Agent shall be conclusive
absent manifest error. 
 2.3. Disbursement of Advance Proceeds. All Advances shall be disbursed from whichever office or other place
Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers’ Account on Agent’s books. During the Term, Borrowers may use the Revolving Advances by
borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowing Agent on behalf of any Borrower or deemed to have been requested by any Borrower under
Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower’s
operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been
requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request. 
 2.4.
Reserved. 
 2.5. Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the
lesser of (a) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount. 

  
 50 

 2.6. Repayment of Advances. 

(a) The Revolving Advances shall be due and payable in full on the last day of the Term subject to earlier prepayment as herein provided.

 (b) Each Borrower recognizes that the amounts evidenced by checks, notes, drafts or any other items of payment relating to and/or
proceeds of Collateral may not be collectible by Agent on the date received. In consideration of Agent’s agreement to conditionally credit Borrowers’ Account as of the next Business Day following Agent’s receipt of those items of
payment, each Borrower agrees that, in computing the charges under this Agreement, all items of payment shall be deemed applied by Agent on account of the Obligations one (1) Business Day after (i) the Business Day following Agent’s
receipt of such payments via wire transfer or electronic depository check or (ii) in the case of payments received by Agent in any other form, the Business Day such payment constitutes good funds in Agent’s account. Agent is not, however,
required to credit Borrowers’ Account for the amount of any item of payment which is unsatisfactory to Agent and Agent may charge Borrowers’ Account for the amount of any item of payment which is returned to Agent unpaid. 

(c) All payments of principal, interest and other amounts payable hereunder, or under any of the Other Documents shall be made to Agent at
the Payment Office not later than 1:00 p.m. (New York time) on the due date therefor in lawful money of the United States of America in federal funds or other funds immediately available to Agent. Agent shall have the right to effectuate payment on
any and all Obligations due and owing hereunder by charging Borrowers’ Account or by making Advances as provided in Section 2.2 hereof. 

(d) Other than with respect to taxes which shall be covered by Section 3.10 herein, Borrowers shall pay principal, interest, and all
other amounts payable hereunder, or under any related agreement, without any deduction whatsoever, including, but not limited to, any deduction for any setoff or counterclaim. 

2.7. Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of
Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred. 

2.8. Statement of Account. Agent shall maintain, in accordance with its customary procedures, a loan account (“Borrowers’
Account”) in the name of Borrowers in which shall be recorded the date and amount of each Advance made by Agent and the date and amount of each payment in respect thereof; provided, however, the failure by Agent to record the date
and amount of any Advance shall not adversely affect Agent or any Lender. Each month, Agent shall send to Borrowing Agent a statement showing the accounting for the Advances made, payments made or credited in respect thereof, and other transactions
between Agent and Borrowers during such month. The monthly statements shall be deemed correct and binding upon Borrowers in the absence of manifest error and shall constitute an account stated between Lenders and Borrowers unless Agent receives a
written statement of Borrowers’ specific exceptions thereto within thirty (30) days after such statement is received by Borrowing Agent. The records of Agent with respect to the loan account shall be conclusive evidence absent manifest
error of the amounts of Advances and other charges thereto and of payments applicable thereto. 

  
 51 

 2.9. Letters of Credit. Subject to the terms and conditions hereof, Agent shall issue or
cause the issuance of standby and/or trade letters of credit (“Letters of Credit”) for the account of any Borrower except to the extent that the issuance thereof would then cause the sum of (i) the outstanding Revolving
Advances plus (ii) the Maximum Undrawn Amount of all outstanding Letters of Credit to exceed the lesser of (x) the Maximum Revolving Advance Amount or (y) the sum of the Formula Amount plus the Maximum Undrawn Amount of all
outstanding Letters of Credit. The Maximum Undrawn Amount of outstanding Letters of Credit shall not exceed in the aggregate at any time the Letter of Credit Sublimit. All disbursements or payments related to Letters of Credit shall be deemed to be
Domestic Rate Loans consisting of Revolving Advances and shall bear interest at the Revolving Interest Rate for Domestic Rate Loans. Letters of Credit that have not been drawn upon shall not bear interest. 

2.10. Issuance of Letters of Credit. 

(a) Borrowing Agent, on behalf of Borrowers, may request Agent to issue or cause the issuance of a Letter of Credit by delivering to Agent at
the Payment Office, prior to 12:00 noon (New York time), at least five (5) Business Days’ prior to the proposed date of issuance, Agent’s form of Letter of Credit Application (the “Letter of Credit Application”)
completed to the satisfaction of Agent; and, such other certificates, documents and other papers and information as Agent may reasonably request. Borrowing Agent, on behalf of Borrowers, also has the right to give instructions and make agreements
with respect to any application, any applicable letter of credit and security agreement, any applicable letter of credit reimbursement agreement and/or any other applicable agreement, any letter of credit and the disposition of documents,
disposition of any unutilized funds, and to agree with Agent upon any amendment, extension or renewal of any Letter of Credit. 
 (b) Each
Letter of Credit shall, among other things, (i) provide for the payment of sight drafts, other written demands for payment, or acceptances of usance drafts when presented for honor thereunder in accordance with the terms thereof and when
accompanied by the documents described therein and (ii) have an expiry date not later than twelve (12) months after such Letter of Credit’s date of issuance and in no event later than the last day of the Term. Each standby Letter of
Credit shall be subject either to the Uniform Customs and Practice for Documentary Credits as most recently published by the International Chamber of Commerce at the time a Letter of Credit is issued (the “UCP”) or the International
Standby Practices (ISP98-International Chamber of Commerce Publication Number 590) (the “ISP98 Rules”), and any subsequent revision thereof at the time a standby Letter of Credit is issued, as determined by Agent, and each trade
Letter of Credit shall be subject to the UCP. 
 (c) Agent shall use its reasonable efforts to notify Lenders of the request by Borrowing
Agent for a Letter of Credit hereunder. 
 2.11. Requirements For Issuance of Letters of Credit. 

(a) Borrowing Agent shall authorize and direct any Issuer to name the applicable Borrower as the “Applicant” or “Account
Party” of each Letter of Credit. If Agent is not the Issuer of any Letter of Credit, Borrowing Agent shall authorize and direct the Issuer to deliver to Agent all instruments, documents, and other writings and property received by the

  
 52 

 
Issuer pursuant to the Letter of Credit and to accept and rely upon Agent’s instructions and agreements with respect to all matters arising in connection with the Letter of Credit, the
application therefor or any acceptance thereof. 
 (b) In connection with all Letters of Credit issued or caused to be issued by Agent
under this Agreement, each Borrower hereby appoints Agent, or its designee, as its attorney, with full power and authority if an Event of Default shall have occurred and be continuing, (i) to sign and/or endorse such Borrower’s name upon
any warehouse or other receipts, letter of credit applications and acceptances, (ii) to sign such Borrower’s name on bills of lading; (iii) to clear Inventory through the United States of America Customs Department
(“Customs”) in the name of such Borrower or Agent or Agent’s designee, and to sign and deliver to Customs officials powers of attorney in the name of such Borrower for such purpose; and (iv) to complete in such
Borrower’s name or Agent’s, or in the name of Agent’s designee, any order, sale or transaction, obtain the necessary documents in connection therewith, and collect the proceeds thereof. Neither Agent nor its attorneys will be liable
for any acts or omissions nor for any error of judgment or mistakes of fact or law, except for Agent’s or its attorney’s gross negligence or willful misconduct. This power, being coupled with an interest, is irrevocable as long as any
Letters of Credit remain outstanding. 
 2.12. Disbursements, Reimbursement. 

(a) Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees
to, purchase from Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Commitment Percentage of the Maximum Face Amount of such Letter of Credit and the amount of such drawing,
respectively. 
 (b) In the event of any request for a drawing under a Letter of Credit by the beneficiary or transferee thereof, Agent
will promptly notify Borrowing Agent. Provided that Borrowing Agent shall have received such notice, Borrowers shall reimburse (such obligation to reimburse Agent shall sometimes be referred to as a “Reimbursement Obligation”) Agent
prior to 12:00 noon, New York time on each date that an amount is paid by Agent under any Letter of Credit (each such date, a “Drawing Date”) in an amount equal to the amount so paid by Agent. In the event Borrowers fail to
reimburse Agent for the full amount of any drawing under any Letter of Credit by 12:00 noon, New York time, on the Drawing Date, Agent will promptly notify each Lender thereof, and Borrowers shall be deemed to have requested that a Revolving Advance
maintained as a Domestic Rate Loan be made by Lenders to be disbursed on the Drawing Date under such Letter of Credit, subject to the amount of the unutilized portion of the lesser of (i) the Maximum Revolving Advance Amount, less the Maximum
Undrawn Amount of all outstanding Letters of Credit, or (ii) the Formula Amount and, in each case, subject to Section 8.2 hereof. Any notice given by Agent pursuant to this Section 2.12(b) may be oral if immediately confirmed in
writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(c) Each Lender shall upon any notice pursuant to Section 2.12(b) make available to Agent an amount in immediately available funds equal
to its Commitment Percentage of the amount of the drawing, whereupon the participating Lenders shall (subject to 

  
 53 

 
Section 2.12(d)) each be deemed to have made a Revolving Advance maintained as a Domestic Rate Loan to Borrowers in that amount. If any Lender so notified fails to make available to Agent
the amount of such Lender’s Commitment Percentage of such amount by no later than 2:00 p.m., New York time on the Drawing Date, then interest shall accrue on such Lender’s obligation to make such payment, from the Drawing Date to the date
on which such Lender makes such payment (i) at a rate per annum equal to the Federal Funds Effective Rate during the first three days following the Drawing Date and (ii) at a rate per annum equal to the rate applicable to Revolving
Advances maintained as a Domestic Rate Loans on and after the fourth day following the Drawing Date. Agent will promptly give notice of the occurrence of the Drawing Date, but failure of Agent to give any such notice on the Drawing Date or in
sufficient time to enable any Lender to effect such payment on such date shall not relieve such Lender from its obligation under this Section 2.12(c), provided that such Lender shall not be obligated to pay interest as provided in
Section 2.12(c) (i) and (ii) until and commencing from the date of receipt of notice from Agent of a drawing. 
 (d) With
respect to any unreimbursed drawing that is not converted into a Revolving Advance maintained as a Domestic Rate Loan to Borrowers in whole or in part as contemplated by Section 2.12(b), because of Borrowers’ failure to satisfy the
conditions set forth in Section 8.2 hereof (other than any notice requirements) or for any other reason, Borrowers shall be deemed to have incurred from Agent a borrowing (each a “Letter of Credit Borrowing”) in the amount of
such drawing. Such Letter of Credit Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate per annum applicable to a Revolving Advance maintained as a Domestic Rate Loan. Each Lender’s payment
to Agent pursuant to Section 2.12(c) shall be deemed to be a payment in respect of its participation in such Letter of Credit Borrowing and shall constitute a “Participation Advance” from such Lender in satisfaction of its
Participation Commitment under this Section 2.12. 
 (e) Each Lender’s Participation Commitment shall continue until the last to
occur of any of the following events: (x) Agent ceases to be obligated to issue or cause to be issued Letters of Credit hereunder; (y) no Letter of Credit issued or created hereunder remains outstanding and uncancelled; and (z) all
Persons (other than Borrowers) have been fully reimbursed for all payments made under or relating to Letters of Credit. 
 2.13.
Repayment of Participation Advances. 
 (a) Upon (and only upon) receipt by Agent for its account of immediately available funds
from Borrowers (i) in reimbursement of any payment made by Agent under the Letter of Credit with respect to which any Lender has made a Participation Advance to Agent, or (ii) in payment of interest on such payment made by Agent under such
a Letter of Credit, Agent will pay to each Lender, in the same funds as those received by Agent, the amount of such Lender’s Commitment Percentage of such funds, except Agent shall retain the amount of the Commitment Percentage of such funds of
any Lender that did not make a Participation Advance in respect of such payment by Agent. 
 (b) If Agent is required at any time to return
to any Borrower, or to a trustee, receiver, liquidator, custodian, or any official in any insolvency proceeding, any portion of the payments made by Borrowers to Agent pursuant to Section 2.13(a) in reimbursement of a

  
 54 

 
payment made under the Letter of Credit or interest or fee thereon, each Lender shall, on demand of Agent, forthwith return to Agent the amount of its Commitment Percentage of any amounts so
returned by Agent plus interest at the Federal Funds Effective Rate. 
 2.14. Documentation. Each Borrower agrees to be bound by the
terms of the Letter of Credit Application and by Agent’s interpretations of any Letter of Credit issued on behalf of such Borrower and by Agent’s written regulations and customary practices relating to letters of credit, though
Agent’s interpretations may be different from such Borrower’s own. In the event of a conflict between the Letter of Credit Application and this Agreement, this Agreement shall govern. It is understood and agreed that, except in the case of
gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final non-appealable judgment), Agent shall not be liable for any error, negligence and/or mistakes, whether of omission or commission, in following the
Borrowing Agent’s or any Borrower’s instructions or those contained in the Letters of Credit or any modifications, amendments or supplements thereto. 

2.15. Determination to Honor Drawing Request. In determining whether to honor any request for drawing under any Letter of Credit by the
beneficiary thereof, Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of
Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth. 

2.16. Nature of Participation and Reimbursement Obligations. Each Lender’s obligation in accordance with this Agreement to make
the Revolving Advances or Participation Advances as a result of a drawing under a Letter of Credit, and the obligations of Borrowers to reimburse Agent upon a draw under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall
be performed strictly in accordance with the terms of this Section 2.16 under all circumstances, including the following circumstances: 

(i) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against Agent, any Borrower or any other Person
for any reason whatsoever; 
 (ii) the failure of any Borrower or any other Person to comply, in connection with a Letter of Credit
Borrowing, with the conditions set forth in this Agreement for the making of a Revolving Advance, it being acknowledged that such conditions are not required for the making of a Letter of Credit Borrowing and the obligation of Lenders to make
Participation Advances under Section 2.12; 
 (iii) any lack of validity or enforceability of any Letter of Credit; 

(iv) any claim of breach of warranty that might be made by Borrower or any Lender against the beneficiary of a Letter of Credit, or the
existence of any claim, set-off, recoupment, counterclaim, cross-claim, defense or other right which any Borrower or any Lender may have at any time against a beneficiary, any successor beneficiary or any transferee of any Letter of Credit or the
proceeds thereof (or any Persons for whom any such transferee may be 

  
 55 

 
acting), Agent or any Lender or any other Person, whether in connection with this Agreement, the transactions contemplated herein or any unrelated transaction (including any underlying
transaction between any Borrower or any Subsidiaries of such Borrower and the beneficiary for which any Letter of Credit was procured); 

(v) the lack of power or authority of any signer of (or any defect in or forgery of any signature or endorsement on) or the form of or lack
of validity, sufficiency, accuracy, enforceability or genuineness of any draft, demand, instrument, certificate or other document presented under or in connection with any Letter of Credit, or any fraud or alleged fraud in connection with any Letter
of Credit, or the transport of any property or provisions of services relating to a Letter of Credit, in each case even if Agent or any of Agent’s Affiliates has been notified thereof; 

(vi) payment by Agent under any Letter of Credit against presentation of a demand, draft or certificate or other document which does not
comply with the terms of such Letter of Credit; 
 (vii) the solvency of, or any acts or omissions by, any beneficiary of any Letter of
Credit, or any other Person having a role in any transaction or obligation relating to a Letter of Credit, or the existence, nature, quality, quantity, condition, value or other characteristic of any property or services relating to a Letter of
Credit; 
 (viii) any failure by Agent or any of Agent’s Affiliates to issue any Letter of Credit in the form requested by Borrowing
Agent, unless Agent has received written notice from Borrowing Agent of such failure within three (3) Business Days after Agent shall have furnished Borrowing Agent a copy of such Letter of Credit and such error is material and no drawing has
been made thereon prior to receipt of such notice; 
 (ix) any Material Adverse Effect; 

(x) any breach of this Agreement or any Other Document by any party thereto; 

(xi) the occurrence or continuance of an insolvency proceeding with respect to any Borrower or any Guarantor; 

(xii) the fact that a Default or Event of Default shall have occurred and be continuing; 

(xiii) the fact that the Term shall have expired or this Agreement or the Obligations hereunder shall have been terminated; and 

(xiv) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing. 

2.17. Indemnity. In addition to amounts payable as provided in Section 16.5, each Borrower hereby agrees to protect, indemnify,
pay and save harmless Agent and any of Agent’s Affiliates that have issued a Letter of Credit from and against any and all claims, demands, 

  
 56 

 
liabilities, damages, penalties, interest, judgments, losses, costs, charges and expenses (including reasonable fees, expenses and disbursements of counsel and allocated costs of internal
counsel) which Agent or any of Agent’s Affiliates may incur or be subject to as a consequence, direct or indirect, of the issuance of any Letter of Credit, other than as a result of (a) the gross negligence or willful misconduct of Agent
as determined by a final and non-appealable judgment of a court of competent jurisdiction or (b) the wrongful dishonor by Agent or any of Agent’s Affiliates of a proper demand for payment made under any Letter of Credit, except if such
dishonor resulted from any act or omission, whether rightful or wrongful, of any present or future de jure or de facto Governmental Body (all such acts or omissions herein called “Governmental Acts”). 

2.18. Liability for Acts and Omissions. As between Borrowers and Agent and Lenders, each Borrower assumes all risks of the acts and
omissions of, or misuse of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the respective foregoing, Agent shall not be responsible for: (i) the form, validity,
sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the application for an issuance of any such Letter of Credit, even if it should in fact prove to be in any or all respects invalid,
insufficient, inaccurate, fraudulent or forged (even if Agent shall have been notified thereof); (ii) the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any such Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; (iii) the failure of the beneficiary of any such Letter of Credit, or any other party to which such Letter of
Credit may be transferred, to comply fully with any conditions required in order to draw upon such Letter of Credit or any other claim of any Borrower against any beneficiary of such Letter of Credit, or any such transferee, or any dispute between
or among any Borrower and any beneficiary of any Letter of Credit or any such transferee; (iv) errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, facsimile, telex or otherwise, whether or not
they be in cipher; (v) errors in interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any document required in order to make a drawing under any such Letter of Credit or of the proceeds thereof;
(vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or (viii) any consequences arising from causes beyond the control of Agent, including any governmental
acts, and none of the above shall affect or impair, or prevent the vesting of, any of Agent’s rights or powers hereunder. Nothing in the preceding sentence shall relieve Agent from liability for Agent’s gross negligence or willful
misconduct (as determined by a court of competent jurisdiction in a final non-appealable judgment) in connection with actions or omissions described in such clauses (i) through (viii) of such sentence. In no event shall Agent or
Agent’s Affiliates be liable to any Borrower for any indirect, consequential, incidental, punitive, exemplary or special damages or expenses (including without limitation attorneys’ fees), or for any damages resulting from any change in
the value of any property relating to a Letter of Credit. 
 Without limiting the generality of the foregoing, Agent and each of its
Affiliates: (i) may rely on any oral or other communication believed in good faith by Agent or such Affiliate to have been authorized or given by or on behalf of the applicant for a Letter of Credit; (ii) may honor any presentation if the
documents presented appear on their face substantially to comply with the terms and conditions of the relevant Letter of Credit; (iii) may honor a previously 

  
 57 

 
dishonored presentation under a Letter of Credit, whether such dishonor was pursuant to a court order, to settle or compromise any claim of wrongful dishonor, or otherwise, and shall be entitled
to reimbursement to the same extent as if such presentation had initially been honored, together with any interest paid by Agent or its Affiliates; (iv) may honor any drawing that is payable upon presentation of a statement advising negotiation
or payment, upon receipt of such statement (even if such statement indicates that a draft or other document is being delivered separately), and shall not be liable for any failure of any such draft or other document to arrive, or to conform in any
way with the relevant Letter of Credit; (v) may pay any paying or negotiating bank claiming that it rightfully honored under the laws or practices of the place where such bank is located; and (vi) may settle or adjust any claim or demand
made on Agent or its Affiliate in any way related to any order issued at the applicant’s request to an air carrier, a letter of guarantee or of indemnity issued to a carrier or any similar document (each an “Order”) and honor
any drawing in connection with any Letter of Credit that is the subject of such Order, notwithstanding that any drafts or other documents presented in connection with such Letter of Credit fail to conform in any way with such Letter of Credit. 

In furtherance and extension and not in limitation of the specific provisions set forth above, any action taken or omitted by Agent under or
in connection with the Letters of Credit issued by it or any documents and certificates delivered thereunder, if taken or omitted in good faith and without gross negligence or willful misconduct (as determined by a court of competent jurisdiction in
a final non-appealable judgment), shall not put Agent under any resulting liability to any Borrower or any Lender. 
 2.19. Additional
Payments. Any sums expended by Agent or any Lender due to any Borrower’s failure to perform or comply with its obligations under this Agreement or any Other Document including any Borrower’s obligations under Sections 4.2, 4.4, 4.12,
4.13, 4.14, 4.20 and 6.1 hereof, may be charged to Borrowers’ Account as a Revolving Advance and added to the Obligations. 
 2.20.
Manner of Borrowing and Payment. 
 (a) Each borrowing of Revolving Advances shall be advanced according to the applicable
Commitment Percentages of Lenders. 
 (b) Each payment (including each prepayment) by any Borrower on account of the principal of and
interest on the Revolving Advances, shall be applied to the Revolving Advances pro rata according to the applicable Commitment Percentages of Lenders. Except as expressly provided herein, all payments (including prepayments) to be made by any
Borrower on account of principal, interest and fees shall be made without set off or counterclaim and shall be made to Agent on behalf of Lenders to the Payment Office, in each case on or prior to 1:00 P.M., New York time, in Dollars and in
immediately available funds. 
 (c) (i) Notwithstanding anything to the contrary contained in Sections 2.20(a) and (b) hereof,
commencing with the first Business Day following the Closing Date, each borrowing of Revolving Advances shall be advanced by Agent and each payment by any Borrower on account of Revolving Advances shall be applied first to those Revolving Advances
advanced by Agent. On or before 1:00 P.M., New York time, on each Settlement Date 

  
 58 

 
commencing with the first Settlement Date following the Closing Date, Agent and Lenders shall make certain payments as follows: (I) if the aggregate amount of new Revolving Advances made by
Agent during the preceding Week (if any) exceeds the aggregate amount of repayments applied to outstanding Revolving Advances during such preceding Week, then each Lender shall provide Agent with funds in an amount equal to its applicable Commitment
Percentage of the difference between (w) such Revolving Advances and (x) such repayments and (II) if the aggregate amount of repayments applied to outstanding Revolving Advances during such Week exceeds the aggregate amount of new
Revolving Advances made during such Week, then Agent shall provide each Lender with funds in an amount equal to its applicable Commitment Percentage of the difference between (y) such repayments and (z) such Revolving Advances. 

(ii) Each Lender shall be entitled to earn interest at the Revolving Interest Rate on outstanding Advances which it has funded. 

(iii) Promptly following each Settlement Date, Agent shall submit to each Lender a certificate with respect to payments received and Advances
made during the Week immediately preceding such Settlement Date. Such certificate of Agent shall be conclusive in the absence of manifest error. 

(d) If any Lender or Participant (a “Benefited Lender”) shall at any time receive any payment of all or part of its
Advances, or interest thereon, or receive any Collateral in respect thereof (whether voluntarily or involuntarily or by set-off) in a greater proportion than any such payment to and Collateral received by any other Lender, if any, in respect of such
other Lender’s Advances, or interest thereon, and such greater proportionate payment or receipt of Collateral is not expressly permitted hereunder, such Benefited Lender shall purchase for cash from the other Lenders a participation in such
portion of each such other Lender’s Advances, or shall provide such other Lender with the benefits of any such Collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits of
such Collateral or proceeds ratably with each of the other Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the
purchase price and benefits returned, to the extent of such recovery, but without interest. Each Lender so purchasing a portion of another Lender’s Advances may exercise all rights of payment (including rights of set-off) with respect to such
portion as fully as if such Lender were the direct holder of such portion. 
 (e) Unless Agent shall have been notified by telephone,
confirmed in writing, by any Lender that such Lender will not make the amount which would constitute its applicable Commitment Percentage of the Advances available to Agent, Agent may (but shall not be obligated to) assume that such Lender shall
make such amount available to Agent on the next Settlement Date and, in reliance upon such assumption, make available to Borrowers a corresponding amount. Agent will promptly notify Borrowing Agent of its receipt of any such notice from a Lender. If
such amount is made available to Agent on a date after such next Settlement Date, such Lender shall pay to Agent on demand an amount equal to the product of (i) the daily average Federal Funds Effective Rate (computed on the basis of a year of
360 days) during such period as quoted by Agent, times (ii) such amount, times (iii) the number of days from and including such Settlement Date to the date on which such amount becomes immediately available to Agent. A certificate of Agent
submitted to any Lender with respect to 

  
 59 

 
any amounts owing under this paragraph (e) shall be conclusive, in the absence of manifest error. If such amount is not in fact made available to Agent by such Lender within three
(3) Business Days after such Settlement Date, Agent shall be entitled to recover such an amount, with interest thereon at the rate per annum then applicable to such Revolving Advances hereunder, on demand from Borrowers; provided,
however, that Agent’s right to such recovery shall not prejudice or otherwise adversely affect Borrowers’ rights (if any) against such Lender. 

2.21. Mandatory Prepayments. 

(a) Subject to Section 4.3 hereof, when any Borrower either (i) sells or otherwise disposes of any Collateral (other than sales or
other dispositions referred to in clauses (i), (ii), (iv), (vi), (vii), (viii) and (ix) of Section 7.1(b)) or (ii) receives the proceeds of or payment in respect of any property or casualty insurance claims or any condemnation
proceedings with respect to any Collateral (a “Recovery Event”), and receives net cash proceeds as the result of such sale, disposal or Recovery Event, Borrowers shall repay the Advances in an amount equal to the net proceeds of
such sale, disposition or Recovery Event (i.e., gross cash proceeds less the reasonable costs of such sales or other dispositions or of collecting on or settling such insurance claim or condemnation proceeding), such repayments to be made promptly
but in no event more than five (5) Business Days following receipt of such net cash proceeds, and until the date of payment, such proceeds shall be held in trust for Agent. The foregoing shall not be deemed to be implied consent to any such
sale or disposition otherwise prohibited by the terms and conditions hereof. Such repayments shall be applied first, to the remaining Revolving Advances in such order as Agent may determine, subject to Borrowers’ ability to reborrow Revolving
Advances in accordance with the terms hereof, and second, to cash collateralization of all Obligations relating to any outstanding Letters of Credit in accordance with the provisions of Section 3.2(b). 

2.22. Use of Proceeds. 

(a) Borrowers shall apply the proceeds of Advances to (i) refinance existing indebtedness of the Borrowers (including, without
limitation, repay existing indebtedness owed under the Existing Credit Facilities), (ii) finance Permitted Investments, (iii) pay fees and expenses relating to this transaction and (iv) provide for its working capital needs and
reimburse drawings under Letters of Credit. 
 (b) Without limiting the generality of Section 2.22(a) above, neither the Borrowers,
the Guarantors nor any other Person which may in the future become party to this Agreement or the Other Documents as a Borrower or Guarantor, intends to use nor shall they use any portion of the proceeds of the Advances, directly or indirectly, for
any purpose in violation of the Trading with the Enemy Act. 
 2.23. Defaulting Lender. 

(a) Notwithstanding anything to the contrary contained herein, in the event any Lender (i) has refused (which refusal constitutes a
breach by such Lender of its obligations under this Agreement) to make available its portion of any Advance or (ii) notifies either Agent or Borrowing Agent that it does not intend to make available its portion of any Advance (if the

  
 60 

 
actual refusal would constitute a breach by such Lender of its obligations under this Agreement) (each, a “Lender Default”), all rights and obligations hereunder of such Lender
(a “Defaulting Lender”) as to which a Lender Default is in effect and of the other parties hereto shall be modified to the extent of the express provisions of this Section 2.23 while such Lender Default remains in effect. 

(b) Advances shall be incurred pro rata from Lenders (the “Non-Defaulting Lenders”) which are not Defaulting Lenders based
on their respective Commitment Percentages, and no Commitment Percentage of any Lender or any pro rata share of any Advances required to be advanced by any Lender shall be increased as a result of such Lender Default. Amounts received in respect of
principal of any type of Advances shall be applied to reduce the applicable Advances of each Lender (other than any Defaulting Lender) pro rata based on the aggregate of the outstanding Advances of that type of all Lenders at the time of such
application; provided, that, Agent shall not be obligated to transfer to a Defaulting Lender any payments received by Agent for the Defaulting Lender’s benefit, nor shall a Defaulting Lender be entitled to the sharing of any payments
hereunder (including any principal, interest or fees). Amounts payable to a Defaulting Lender shall instead be paid to or retained by Agent. Agent may hold and, in its discretion, re-lend to a Borrower the amount of such payments received or
retained by it for the account of such Defaulting Lender. 
 (c) A Defaulting Lender shall not be entitled to give instructions to Agent or
to approve, disapprove, consent to or vote on any matters relating to this Agreement and the Other Documents. All amendments, waivers and other modifications of this Agreement and the Other Documents may be made without regard to a Defaulting Lender
and, for purposes of the definition of “Required Lenders”, a Defaulting Lender shall be deemed not to be a Lender and not to have either Advances outstanding or a Commitment Percentage. 

(d) Other than as expressly set forth in this Section 2.23, the rights and obligations of a Defaulting Lender (including the obligation
to indemnify Agent) and the other parties hereto shall remain unchanged. Nothing in this Section 2.23 shall be deemed to release any Defaulting Lender from its obligations under this Agreement and the Other Documents, shall alter such
obligations, shall operate as a waiver of any default by such Defaulting Lender hereunder, or shall prejudice any rights which any Borrower, Agent or any Lender may have against any Defaulting Lender as a result of any default by such Defaulting
Lender hereunder. 
 (e) In the event a Defaulting Lender retroactively cures to the satisfaction of Agent and Borrowing Agent the breach
which caused a Lender to become a Defaulting Lender and Borrowing Agent notifies Agent that it is satisfied with respect to Defaulting Lender’s ability to satisfy its obligations under this Agreement in the future, such Defaulting Lender shall
no longer be a Defaulting Lender and shall be treated as a Lender under this Agreement. 
 2.24. Increase in Maximum Revolving Advance
Amount. 
 (a) Borrowers may, at any time request that the Maximum Revolving Advance Amount be increased by (1) one or more of the
current Lenders increasing their Commitment Amount (any current Lender which elects to increase its Commitment Amount shall be referred to as an “Increasing Lender”) or (2) one or more new lenders (each a “New 

  
 61 

 
Lender”) joining this Agreement and providing a Commitment Amount hereunder, subject to the following terms and conditions: 

(i) No current Lender shall be obligated to increase its Commitment Amount and any increase in the Commitment Amount by any current Lender
shall be in the sole discretion of such current Lender; 
 (ii) Borrowers may not request the addition of a New Lender unless (and then
only to the extent that) there is insufficient participation on behalf of the existing Lenders in the increased Commitments being requested by Borrowers; 

(iii) There shall exist no Event of Default or Default on the effective date of such increase after giving effect to such increase; 

(iv) After giving effect to such increase, the Maximum Revolving Advance Amount shall not exceed the sum of (a) $30,000,000 and
(b) (I) $30,000,000, less (II) the amount of “Incremental Commitments” under and as defined in the Term Loan Agreement as in effect on the Closing Date that have been made available pursuant to the Term Loan Agreement;

 (v) Borrowers may not request an increase in the Maximum Revolving Advance Amount under this Section 2.24 more than three
(3) times during the Term, and no single such increase in the Maximum Revolving Advance Amount shall be for an amount less than $10,000,000; 

(vi) Borrowers shall deliver to Agent on or before the effective date of such increase the following documents in form and substance
satisfactory to Agent: (1) certifications of their corporate secretaries with attached resolutions certifying that the increase in the Commitment Amounts has been approved by such Borrowers, (2) certificate dated as of the effective date
of such increase certifying that (a) no Default or Event of Default shall have occurred and be continuing, and (b) the representations and warranties made by each Borrower herein and in the Other Documents are true and complete in all
respects with the same force and effect as if made on and as of such date (except to the extent any such representation or warranty expressly relates only to any earlier and/or specified date), (3) such other agreements, instruments and
information (including supplements or modifications to this Agreement and/or the Other Documents executed by Borrowers as Agent reasonably deems necessary in order to document the increase to the Maximum Revolving Advance Amount and to protect,
preserve and continue the perfection and priority of the liens, security interests, rights and remedies of Agent and Lenders hereunder and under the Other Documents in light of such increase, and (4) an opinion of counsel in form and substance
satisfactory to Agent which shall cover such matters related to such increase as Agent may reasonably require and each Borrower hereby authorizes and directs such counsel to deliver such opinions to Agent and Lenders; 

(vii) The increase in the Maximum Revolving Advance Amount shall be on terms and conditions (including pricing terms) not less favorable than
that provided to the Lenders party to this Agreement prior to such effective date; 

  
 62 

 (viii) Borrowers shall execute and deliver (1) to each Increasing Lender a replacement Note
reflecting the new amount of such Increasing Lender’s Commitment Amount after giving effect to the increase (and the prior Note issued to such Increasing Lender shall be deemed to be cancelled) and (2) to each New Lender a Note reflecting
the amount of such New Lender’s Commitment Amount; 
 (ix) Any New Lender shall be subject to the approval of Agent and Issuer; 

(x) Each Increasing Lender shall confirm its agreement to increase its Commitment Amount pursuant to an acknowledgement in a form acceptable
to Agent, signed by it and each Borrower and delivered to Agent at least five (5) days before the effective date of such increase; and 

(xi) Each New Lender shall execute a lender joinder in substantially the form of Exhibit 2.24 pursuant to which such New Lender shall join
and become a party to this Agreement and the Other Documents with a Commitment Amount as set forth in such lender joinder. 
 (b) On the
effective date of such increase, (i) Borrowers shall repay all Revolving Advances then outstanding, subject to Borrowers’ obligations under Sections 3.7, 3.9, or 3.10; provided that subject to the other conditions of this Agreement,
the Borrowing Agent may request new Revolving Advances on such date, and further provided that PNC hereby agrees in its capacity as Lender hereunder (but not for any assignees of PNC in its capacity as Lender) that in the event of any such
increase, PNC shall waive any amounts payable to PNC in its capacity as a Lender under Section 2.2(f) as a result of any repayment of Revolving Advances owing to PNC in its capacity as a Lender pursuant to this clause (i), and (ii) the
Commitment Percentages of Lenders (including each Increasing Lender and/or New Lender) shall be recalculated such that each such Lender’s Commitment Percentage is equal to (x) the Commitment Amount of such Lender divided by
(y) the aggregate of the Commitment Amounts of all Lenders. Each Lender shall participate in any new Revolving Advances made on or after such date in accordance with its Commitment Percentage after giving effect to the increase in the Maximum
Revolving Advance Amount and recalculation of the Commitment Percentages contemplated by this Section 2.24. 
 (c) On the effective
date of such increase, each Increasing Lender shall be deemed to have purchased an additional/increased participation in, and each New Lender will be deemed to have purchased a new participation in, each then outstanding Letter of Credit and each
drawing thereunder and the amount of each drawing. As necessary to effectuate the foregoing, each existing Lender holding a Commitment Percentage that is not an Increasing Lender shall be deemed to have sold to each applicable Increasing Lender
and/or New Lender, as necessary, a portion of such existing Lender’s participations in such outstanding Letters of Credit and drawings such that, after giving effect to all such purchases and sales, each Lender holding a Commitment (including
each Increasing Lender and/or New Lender) shall hold a participation in all Letters of Credit (and drawings thereunder). 

  
 63 

 (d) On the effective date of such increase, Borrowers shall pay all cost and expenses incurred
by Agent and by each Increasing Lender and New Lender in connection with the negotiations regarding, and the preparation, negotiation, execution and delivery of all agreements and instruments executed and delivered by any of Agent, Borrowers and/or
Increasing Lenders and New Lenders in connection with, such increase (including all fees for any supplemental or additional public filings of any Other Documents necessary to protect, preserve and continue the perfection and priority of the liens,
security interests, rights and remedies of Agent and Lenders hereunder and under the Other Documents in light of such increase). 
  

	III.	INTEREST AND FEES. 

 3.1. Interest. Interest on Advances shall be payable in arrears on
the first day of each month with respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of each Interest Period or, for Eurodollar Rate Loans with an Interest Period in excess of three months, at the earlier of
(a) each three months from the commencement of such Eurodollar Rate Loan or (b) the end of the Interest Period. Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum
equal to with respect to Revolving Advances, the applicable Revolving Interest Rate. Whenever, subsequent to the date of this Agreement, the Alternate Base Rate is increased or decreased, the Revolving Interest Rate shall be similarly changed
without notice or demand of any kind by an amount equal to the amount of such change in the Alternate Base Rate during the time such change or changes remain in effect. The Eurodollar Rate shall be adjusted with respect to Eurodollar Rate Loans
without notice or demand of any kind on the effective date of any change in the Reserve Percentage as of such effective date. Upon and after the occurrence of an Event of Default, and during the continuation thereof, from and after written notice to
the Borrowing Agent from Agent, at the option of Agent or at the direction of Required Lenders (or, notwithstanding the forgoing, in the case of any Event of Default under Section 10.7, immediately and automatically upon the occurrence of any
such Event of Default without the requirement of any notice or any other affirmative action by any party), the Obligations shall bear interest at the Revolving Interest Rate plus two (2.00%) percent per annum (as applicable, the
“Default Rate”). 
 3.2. Letter of Credit Fees. 

(a) Borrowers shall pay (x) to Agent, for the ratable benefit of Lenders, fees for each Letter of Credit for the period from and
excluding the date of issuance of same to and including the date of expiration or termination, equal to the average daily face amount of each outstanding Letter of Credit multiplied by two and one-quarter percent (2.25%) per annum, and
(y) to the Issuer for its own account, a fronting fee equal to the average daily face amount of each outstanding Letter of Credit multiplied by one quarter of one percent (0.25%) per annum (all of the foregoing fees, the “Letter of
Credit Fees”), such fees to be calculated on the basis of a 360-day year for the actual number of days elapsed and to be payable quarterly in arrears on the first day of each quarter and on the last day of the Term. In addition, Borrowers
shall pay to Agent any and all administrative, issuance, amendment, payment and negotiation charges with respect to Letters of Credit and all fees and expenses as agreed upon by the Issuer and the Borrowing Agent in connection with any Letter of
Credit, including in connection with the opening, amendment or renewal of any such Letter of Credit and any acceptances created thereunder and 

  
 64 

 
shall reimburse Agent for any and all fees and expenses, if any, paid by Agent to the Issuer, all of the foregoing provided for in this sentence to be payable within five (5) Business Days
of demand therefor. All such charges shall be deemed earned in full on the date when the same are due and payable hereunder and shall not be subject to rebate or pro-ration upon the termination of this Agreement for any reason. Any such charge in
effect at the time of a particular transaction shall be the charge for that transaction, notwithstanding any subsequent change in the Issuer’s prevailing charges for that type of transaction. All Letter of Credit Fees payable hereunder shall be
deemed earned in full on the date when the same are due and payable hereunder and shall not be subject to rebate or pro-ration upon the termination of this Agreement for any reason. Upon and after the occurrence of an Event of Default, and during
the continuation thereof, from and after written notice to the Borrowing Agent from Agent, at the option of Agent or at the direction of Required Lenders (or, notwithstanding the forgoing, in the case of any Event of Default under Section 10.7,
immediately and automatically upon the occurrence of any such Event of Default without the requirement of any notice or any other affirmative action by any party), the Letter of Credit Fees described in clause (x) of this Section 3.2(a)
shall be increased by an additional two percent (2.00%) per annum. 
 (b) At any time during the existence of an Event of Default,
upon written request of Agent or Required Lenders, and upon the expiration of the Term or any other termination of this Agreement (and also, if applicable, in connection with any mandatory prepayment under Section 2.21) (and, notwithstanding
the forgoing, in the case of any Event of Default under Section 10.7, immediately and automatically upon the occurrence of any such Event of Default without the requirement of any notice or any other affirmative action by any party), Borrowers
will cause cash to be deposited and maintained in an account with Agent, as cash collateral, in an amount equal to one hundred and five percent (105%) of the Maximum Undrawn Amount of all outstanding Letters of Credit, and each Borrower hereby
irrevocably authorizes Agent, in its discretion, on such Borrower’s behalf and in such Borrower’s name, to open such an account and to make and maintain deposits therein, or in an account opened by such Borrower, in the amounts required to
be made by such Borrower, out of the proceeds of Receivables or other Collateral or out of any other funds of such Borrower coming into any Lender’s possession at any time. Agent will invest such cash collateral (less applicable reserves) in
such short-term money-market items as to which Agent and such Borrower mutually agree and the net return on such investments shall be credited to such account and constitute additional cash collateral. No Borrower may withdraw amounts credited to
any such account except upon the occurrence of all of the following: (x) payment and performance in full of all Obligations; (y) expiration of all Letters of Credit; and (z) termination of this Agreement. Borrowers hereby grant to
Agent a Lien and security interest in any such cash collateral and any right, title and interest of Borrowers in any deposit account or investment account in which such cash collateral may be deposited or held from time to time. 

3.3. Closing Fee and Facility Fee. 

(a) Upon the execution of this Agreement, Borrowers shall pay to Agent for the ratable benefit of Lenders a closing fee of $75,000. 

(b) If, for any calendar quarter during the Term, the average daily unpaid balance of the Revolving Advances plus the Maximum Undrawn
Amount of all outstanding 

  
 65 

 
Letters of Credit for each day of such calendar quarter does not equal the Maximum Revolving Advance Amount, then Borrowers shall pay to Agent for the ratable benefit of Lenders a fee at a rate
equal to five hundred basis points (0.50%) per annum on the amount by which the Maximum Revolving Advance Amount exceeds such average daily unpaid balance. Such fee shall be payable to Agent in arrears on the first day of each calendar quarter with
respect to the previous calendar quarter. 
 3.4. Collateral Evaluation Fee and Collateral Monitoring Fee. 

(a) Borrowers shall pay Agent a collateral monitoring fee equal to $1,500 per month commencing on the first day of the month following the
Closing Date and on the first day of each month thereafter during the Term. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon
termination of this Agreement for any reason. 
 (b) Borrowers shall pay to Agent on the first day of each month following any month in
which Agent performs any collateral evaluation – namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent in its Permitted Discretions and which evaluation is undertaken by
Agent or for Agent’s benefit – a collateral evaluation fee in an amount equal to $1,000 per day for each person employed to perform such evaluation, plus all costs and disbursements incurred by Agent in the performance of such examination
or analysis. Without in any way limiting Agent’s rights under Section 4.10 to inspect and evaluate the Collateral and Borrowers’ business records, the parties hereto hereby agree that Borrowers shall not be liable to pay collateral
evaluation fees and other costs and disbursements pursuant to this Section 3.4 in an aggregate amount for the period of 365 commencing on the Closing Date, or any successive period of 365 days thereafter, in excess of $40,000 plus actual
out-of-pocket expenses; provided that (x) after the occurrence and during the continuance of any Event of Default, Borrowers shall be liable for the collateral evaluation fees and other costs and disbursements for any and all collateral
evaluations/field exams/analyses that Agent shall elect in its Permitted Discretion to conduct (and the fees, costs and expenses of any such collateral evaluations/field exams/analyses conducted after the occurrence and during the continuance of any
Event of Default shall not be counted against the limitations on Borrowers’ liability otherwise provided for in this sentence) and (y) nothing in this Section 3.4(a) shall be construed under any circumstances to limit the number of
collateral evaluations/field exams/analyses which Agent may conduct at its own expense in accordance with its rights under Section 4.10. 

(c) All of the fees and out-of-pocket costs and expenses of any appraisals conducted pursuant to Section 4.21 hereof shall be paid for
when due, in full and without off-set, by Borrowers. 
 3.5. Computation of Interest and Fees. Interest and fees hereunder shall be
computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding
Business Day and interest thereon shall be payable at the Revolving Interest Rate during such extension. 

  
 66 

 3.6. Maximum Charges. In no event whatsoever shall interest and other charges charged
hereunder exceed the highest rate permissible under law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under law, such excess amount shall be first applied to any unpaid principal
balance owed by Borrowers, and if the then remaining excess amount is greater than the previously unpaid principal balance, Lenders shall promptly refund such excess amount to Borrowers and the provisions hereof shall be deemed amended to provide
for such permissible rate. 
 3.7. Increased Costs. In the event that any Applicable Law or any Change in Law or compliance by any
Lender (for purposes of this Section 3.7, the term “Lender” shall include Agent or Lender and any corporation or bank controlling Agent or any Lender, and the office or branch where Agent or any Lender makes or maintains any
Eurodollar Rate Loans) with any request or directive (whether or not having the force of law) from any central bank or other financial, monetary or other authority, shall: 

(a) impose, modify or hold applicable any reserve, special deposit, assessment or similar requirement against assets held by, or deposits in
or for the account of, advances or loans by, or other credit extended by, any office of Agent or any Lender, including pursuant to Regulation D of the Board of Governors of the Federal Reserve System; or 

(b) impose on Agent or any Lender or the London interbank Eurodollar market any other condition with respect to this Agreement or any Other
Document; 
 and the result of any of the foregoing is to increase the cost to Agent or any Lender of making, renewing or maintaining its
Advances hereunder by an amount that Agent or such Lender deems to be material or to reduce the amount of any payment (whether of principal, interest or otherwise) in respect of any of the Advances by an amount that Agent or such Lender deems to be
material, then, in any case Borrowers shall promptly pay Agent or such Lender, upon its demand, such additional amount as will compensate Agent or such Lender for such additional cost or such reduction, as the case may be, provided that the
foregoing shall not apply to increased costs which are reflected in the Eurodollar Rate, as the case may be. Agent or such Lender shall certify the amount of such additional cost or reduced amount to Borrowing Agent, and such certification (which
shall reflect the calculation of such amount) shall be conclusive absent manifest error. Notwithstanding the foregoing, the Borrowers shall not be required to provide any compensation pursuant to this Section 3.7 for any such amounts incurred
more than 270 days prior to the date on which the demand for payment of such amounts is first made to Borrowing Agent. 
 3.8. Basis For
Determining Interest Rate Inadequate or Unfair. In the event that Agent or any Lender shall have determined that: 
 (a) reasonable
means do not exist for ascertaining the Eurodollar Rate applicable pursuant to Section 2.2 hereof for any Interest Period; or 
 (b)
Dollar deposits in the relevant amount and for the relevant maturity are not available in the London interbank Eurodollar market, with respect to an outstanding Eurodollar Rate Loan, a proposed Eurodollar Rate Loan, or a proposed conversion of a
Domestic Rate Loan into a Eurodollar Rate Loan, 

  
 67 

 then Agent shall give Borrowing Agent prompt written or telephonic notice of such determination.
If such notice is given, (i) any such requested Eurodollar Rate Loan shall be made as a Domestic Rate Loan, unless Borrowing Agent shall notify Agent no later than 12:00 noon (New York City time) two (2) Business Days prior to the date of
such proposed borrowing, that its request for such borrowing shall be cancelled or made as an unaffected type of Eurodollar Rate Loan, (ii) any Domestic Rate Loan or Eurodollar Rate Loan which was to have been converted to an affected type of
Eurodollar Rate Loan shall be continued as or converted into a Domestic Rate Loan, or, if Borrowing Agent shall notify Agent, no later than 12:00 noon (New York City time) two (2) Business Days prior to the proposed conversion, shall be
maintained as an unaffected type of Eurodollar Rate Loan, and (iii) any outstanding affected Eurodollar Rate Loans shall be converted into a Domestic Rate Loan, or, if Borrowing Agent shall notify Agent, no later than 12:00 noon (New York City
time) two (2) Business Days prior to the last Business Day of the then current Interest Period applicable to such affected Eurodollar Rate Loan, shall be converted into an unaffected type of Eurodollar Rate Loan, on the last Business Day of the
then current Interest Period for such affected Eurodollar Rate Loans. Until such notice has been withdrawn, Lenders shall have no obligation to make an affected type of Eurodollar Rate Loan or maintain outstanding affected Eurodollar Rate Loans and
no Borrower shall have the right to convert a Domestic Rate Loan or an unaffected type of Eurodollar Rate Loan into an affected type of Eurodollar Rate Loan. 

3.9. Capital Adequacy. 

(a) In the event that Agent or any Lender shall have determined that any Applicable Law or guideline regarding capital adequacy, or any
Change in Law or any change in the interpretation or administration thereof by any Governmental Body, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by Agent or any Lender (for purposes of
this Section 3.9, the term “Lender” shall include Agent or any Lender and any corporation or bank controlling Agent or any Lender) and the office or branch where Agent or any Lender (as so defined) makes or maintains any Eurodollar
Rate Loans ) with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on Agent or any
Lender’s capital as a consequence of its obligations hereunder to a level below that which Agent or such Lender could have achieved but for such adoption, change or compliance (taking into consideration Agent’s and each Lender’s
policies with respect to capital adequacy) by an amount deemed by Agent or any Lender to be material, then, from time to time, Borrowers shall pay upon demand to Agent or such Lender such additional amount or amounts as will compensate Agent or such
Lender for such reduction. In determining such amount or amounts, Agent or such Lender may use any reasonable averaging or attribution methods. The protection of this Section 3.9 shall be available to Agent and each Lender regardless of any
possible contention of invalidity or inapplicability with respect to the Applicable Law, regulation or condition. However, notwithstanding anything contained in the foregoing, neither Agent or any Lender shall make a demand on Borrowers for any
additional amounts under this Section 3.9 unless Agent or such Lender (as applicable) shall have (to the extent Agent or such Lender is legally entitled to) requested payment of similar additional amounts from all of its borrowers and customers
that are similarly situated to Borrowers. 

  
 68 

 (b) A certificate of Agent or such Lender setting forth such amount or amounts as shall be
necessary to compensate Agent or such Lender with respect to Section 3.9(a) hereof when delivered to Borrowing Agent shall be conclusive absent manifest error. 

(c) Notwithstanding anything to the contrary contained herein, the Borrowers shall not be required to compensate Agent or any Lender pursuant
to this Section 3.9 for any reductions in return incurred more than 270 days prior to the date that Agent or such Lender notifies Borrowing Agent of such law, rule, regulation or guideline giving rise to such reductions and of Agent’s or
such Lender’s intention to claim compensation therefore. 
 3.10. Gross Up for Taxes. If any Loan Party shall be required by
Applicable Law to withhold or deduct any taxes from or in respect of any sum payable under this Agreement or any of the Other Documents to Agent, or any Lender, assignee of any Lender, or Participant (each, individually, a “Payee”
and collectively, the “Payees”), (a) the sum payable to such Payee or Payees, as the case may be, shall be increased as may be necessary so that, after making all required withholding or deductions, the applicable Payee or
Payees receives an amount equal to the sum it would have received had no such withholding or deductions been made (the “Gross-Up Payment”), (b) such Loan Party shall make such withholding or deductions, and (c) such
Borrower shall pay the full amount withheld or deducted to the relevant taxation authority or other authority in accordance with Applicable Law. Notwithstanding the foregoing, no Borrower shall be obligated to make any portion of the Gross-Up
Payment to the extent that (i) taxes are U.S. Federal taxes and the obligation to withhold or deduct such taxes existed on the date such Payee became a party to this Agreement or received its interest hereunder or, with respect to payments to a
new lending office of such Payee, the date such Payee designated such new lending office with respect to the Advances hereunder; provided, however, that this clause (i) shall not apply to the extent the Gross-Up Payment any Payee, or any
Payee acting through a new lending office, would be entitled to receive (without regard to this clause (i)) does not exceed the Gross-Up Payment that the person making the transfer or selling the participation, or the Payee making the designation of
such new lending office, would have been entitled to receive in the absence of such transfer, participation or designation, (ii) the obligation to pay such Gross-Up Payment would not have arisen but for a failure of by such Payee to comply with
Section 3.11 hereof, or (iii) that is attributable to taxes imposed under FATCA (or any amendment thereto or successor version thereof that is substantively comparable to FATCA and with respect to which compliance is not materially more
onerous) or (iv) that are taxes imposed on or measured by net income (however denominated), franchise taxes, or branch profits taxes imposed as a result of any Payee being organized under the laws of, or having its principal office or lending
office located in the jurisdiction imposing such tax or as a result of any present or former connection between such Payee and the jurisdiction imposing such tax (other than a connection arising solely from such Payee having executed, delivered,
become a party to, performed its obligations under, received payments under, perfected a security interest under or enforced any Other Document). 

  
 69 

 3.11. Withholding Tax Exemption. 

(a) Each Payee agrees that it will deliver to Borrowing Agent and Agent two (2) duly completed appropriate valid Withholding
Certificates (as defined under §1.1441-1(c)(16) of the Income Tax Regulations (“Regulations”)) certifying its status (i.e., U.S. or foreign person) and, if appropriate, making a claim of reduced, or exemption from, U.S.
withholding tax on the basis of an income tax treaty or an exemption provided by the Code. The term “Withholding Certificate” means a Form W-9; a Form W-8BEN; a Form W-8ECI; a Form W-8IMY and the related statements and certifications as
required under §1.1441-1(e)(2) and/or (3) of the Regulations; a statement described in §1.871-14(c)(2)(v) of the Regulations; or any other certificates under the Code or Regulations that certify or establish the status of a payee or
beneficial owner as a U.S. or foreign person. 
 (b) If a payment made to a Payee under this Agreement would be subject to U.S. Federal
withholding tax imposed by FATCA if such Payee were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Payee shall deliver to the
Borrowing Agent and the Agent at the time or times prescribed by law and at such time or times reasonably requested by the Agent, such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code)
and such additional documentation reasonably requested by the Agent as may be necessary for the Agent and Borrower to comply with their obligations under FATCA, to determine that such Payee has or has not complied with its obligations under FATCA
and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.11(6), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(c) Each Payee required to deliver to Borrowing Agent and Agent a valid Withholding Certificate pursuant to Section 3.11(a)(i) hereof
shall deliver such valid Withholding Certificate as follows: (i) each Payee which is a party hereto on the Closing Date shall deliver such valid Withholding Certificate at least five (5) Business Days prior to the first date on which any
interest or fees are payable by any Loan Party hereunder for the account of such Payee; (ii) each Payee who becomes a party to this Agreement by way of an assignment or participation shall deliver such valid Withholding Certificate at least
five (5) Business Days before the effective date of such applicable assignment or participation (unless Agent and Borrowers permit such Payee to deliver such valid Withholding Certificate less than five (5) Business Days before such date
in which case it shall be due on the date specified by such parties) and (iii) each Payee who designates a new lending office shall deliver such valid Withholding Certificate at least five (5) Business Days before the effective date of the
designation of such new lending office (unless Agent and Borrowers shall permit such Payee to deliver such valid Withholding Certificate less than five (5) Business Days before such date in which case it shall be due on the date specified by
such parties). Each Payee which so delivers a valid Withholding Certificate further undertakes to deliver to Borrowing Agent and Agent two (2) additional copies of such Withholding Certificate (or a successor form) on or before the date that
such Withholding Certificate expires or becomes obsolete or after the occurrence of any event requiring a change in the most recent Withholding Certificate so delivered by it, and such amendments thereto or extensions or renewals thereof as may be
reasonably requested by Borrowing Agent or Agent. 

  
 70 

 (d) Notwithstanding the submission of a Withholding Certificate claiming a reduced rate of or
exemption from U.S. withholding tax required under Section 3.11(b) hereof, Agent or Borrowers shall be entitled to withhold applicable United States federal taxes if in its reasonable judgment it is required to do so under the due diligence
requirements imposed upon a withholding agent under §1.1441-7(b) of the Regulations. Further, Borrower and Agent is indemnified under §1.1461-1(e) of the Regulations against any claims and demands of any Payee for the amount of any tax it
deducts and withholds in accordance with regulations under §1441 of the Code. 
  

	IV.	COLLATERAL: GENERAL TERMS 

 4.1. Security Interest in the Collateral. To secure the
prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to and Lien on all
of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall mark its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security
interest and shall cause its financial statements to reflect such security interest. Each Borrower shall promptly provide Agent with written notice of all commercial tort claims with a claim exceeding $500,000, such notice to contain the case title
together with the applicable court and a brief description of the claim(s). Upon delivery of each such notice, such Borrower shall be deemed to hereby grant to Agent a security interest and lien in and to such commercial tort claims and all proceeds
thereof. In the case of Collateral, the Liens securing the Obligations shall be first priority Liens, subject to Permitted Encumbrances. 

4.2. Perfection of Security Interest. Each Borrower shall take all action that may be necessary, or that Agent may request, to maintain
at all times the validity, perfection, enforceability and priority of Agent’s security interest in and Lien on the Collateral or to enable Agent to protect, exercise or enforce its rights hereunder and in the Collateral, including, but not
limited to, (i) immediately discharging all Liens other than Permitted Encumbrances, (ii) using commercially reasonable efforts to obtain Lien Waiver Agreements upon the reasonable request of Agent (providing that nothing in this clause
(ii) shall limit the provisions of clause (f) of the definition of Eligible Inventory), (iii) delivering to Agent, endorsed or accompanied by such instruments of assignment as Agent may specify, and stamping or marking, in such manner
as Agent may specify, any and all chattel paper, instruments, letters of credits and advices thereof and documents evidencing or forming a part of the Collateral with a value exceeding $500,000, (iv) using commercially reasonable efforts to
enter into warehousing and other custodial arrangements satisfactory to Agent upon the reasonable request of Agent (providing that nothing in this clause (iv) shall limit the provisions of clause (f) of the definition of Eligible
Inventory), and (v) subject to the Intercreditor Agreement, executing and delivering financing statements, control agreements, instruments of pledge, mortgages, notices and assignments, in each case in form and substance reasonably satisfactory
to Agent, relating to the creation, validity, perfection, maintenance or continuation of Agent’s security interest and Lien under the Uniform Commercial Code or other Applicable Law. By its signature hereto, each Loan Party hereby authorizes
Agent to file against such Loan Party, one or more financing, continuation or amendment statements pursuant to the Uniform Commercial Code in form and substance 

  
 71 

 
satisfactory to Agent (which statements may have a description of collateral which is broader than that set forth herein). Each Loan Party authorizes Agent at any time and from time to time to
file, one or more financing or continuation statements and amendments thereto, relating to the Collateral (including, without limitation, any such financing statements that describe the Collateral by type or in any other manner as Agent may
reasonably determine. All charges, expenses and fees Agent may incur in doing any of the foregoing, and any local taxes relating thereto, shall be charged to Borrowers’ Account as a Revolving Advance and added to the Obligations, or, at
Agent’s option, shall be paid to Agent for its benefit and for the ratable benefit of Lenders immediately upon demand. 
 4.3.
Disposition of Collateral. Each Loan Party will safeguard and protect all Collateral for Agent’s general account and make no disposition thereof whether by sale, lease or otherwise except to the extent permitted pursuant to
Section 7.1(b). Notwithstanding anything contained in this Agreement to the contrary, in no event shall Agent be obligated to execute or deliver any document evidencing any release or re-conveyance of Collateral without receipt of a certificate
executed by the Chief Financial Officer or Controller of the Borrowers certifying that such release complies with this Agreement and the Other Documents, and that all conditions precedent to such release or re-conveyance have been complied with.

 4.4. Preservation of Collateral. Following the occurrence and during the continuance of an Event of Default, in addition to the
rights and remedies set forth in Section 11.1 hereof, Agent: (a) may at any time take such steps as Agent deems necessary to protect Agent’s interest in and to preserve the Collateral, including the hiring of such security guards or
the placing of other security protection measures as Agent may deem appropriate; (b) may employ and maintain at any of any Loan Party’s premises a custodian who shall have full authority to do all acts reasonably necessary to protect
Agent’s interests in the Collateral; (c) may lease warehouse facilities to which Agent may move all or part of the Collateral; (d) may use any Loan Party’s owned or leased lifts, hoists, trucks and other facilities or equipment
for handling or removing the Collateral; and (e) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Loan Parties’ owned or leased
property. Each Loan Party shall cooperate fully with all of Agent’s efforts to preserve the Collateral and will take such actions to preserve the Collateral as Agent may reasonably direct. All of Agent’s actual, reasonable expenses of
preserving the Collateral, including any expenses relating to the bonding of a custodian, shall be charged to Borrowers’ Account as a Revolving Advance as a Domestic Rate Loan and added to the Obligations. 

4.5. Ownership of Collateral. 

(a) With respect to the Collateral, at the time the Collateral becomes subject to Agent’s security interest: (i) each Loan Party
shall be the sole owner of and fully authorized and able to sell, transfer, pledge and/or grant a first priority security interest in each and every item of its respective Collateral to Agent; and, except for Permitted Encumbrances the Collateral
shall be free and clear of all Liens and encumbrances whatsoever; and (ii) each Borrower’s Inventory with a fair market value in excess of $100,000 shall be located as set forth on Schedule 4.5 (as such Schedule may be amended and updated
from time to time pursuant to clause (c) of this Section 4.5) and shall not be removed from such location(s) without the prior written consent of Agent except (A) with respect to the sale of Inventory in the Ordinary Course of
Business; (B)

  
 72 

 
in connection with the providing of services to Customers; (C) with respect to Inventory in transit from one such location to another such location, and (D) with respect to Inventory
out for repair in the Ordinary Course of Business. 
 (b) (i) There is no location at which any Loan Party has any Inventory with a fair
market value exceeding $100,000 (except for (A) Inventory temporarily stored at third party locations in connection with the providing of services to Customers and (B) Inventory in transit) other than those locations listed on Schedule
4.5; (ii) Schedule 4.5 hereto contains a correct and complete list, as of the Closing Date, of the legal names and addresses of each warehouse at which Inventory of any Loan Party is stored with a fair market value exceeding $100,000; none of
the receipts received by any Loan Party from any warehouse states that the goods covered thereby are to be delivered to bearer or to the order of a named Person or to a named Person and such named Person’s assigns; (iii) Schedule 4.5
hereto sets forth a correct and complete list as of the Closing Date of (A) each place of business of each Loan Party and (B) the chief executive office of each Loan Party; and (iv) Schedule 4.5 hereto sets forth a correct and
complete list as of the Closing Date of the location, by state and street address, of all Real Property owned or leased by each Loan Party, together with the names and addresses of any landlords. 

(c) Notwithstanding anything to the contrary contained in the foregoing provisions of this Section 4.5 or otherwise in this Agreement,
any Loan Party may from time to time (x) change its chief executive office or (y) establish, enter into a lease for or acquire by purchase a new business location and/or new location at which any Inventory of any Loan Party with a fair
market value in excess of $100,000 is to be located and/or kept or at which any records regarding the Receivables of any Loan Party are kept, but only if and to the extent that such Loan Party shall provide prior written notice (which notice shall
indicate whether such new chief executive office, records location or Inventory location is owned Real Property, leased Real Property or a third party collateral location and shall include an updated Schedule 4.5 reflecting such new location) of
such change, establishment, entry into a lease or acquisition at least three (3) days prior thereto but provided further that nothing in this sentence shall be construed to contradict or limit the provisions of clause (f) of the
definition of Eligible Inventory. 
 4.6. Defense of Agent’s and Lenders’ Interests. Until (a) payment and performance
in full of all of the Obligations and (b) termination of this Agreement, Agent’s interests in the Collateral shall continue in full force and effect. During such period no Loan Party shall, without Agent’s prior written consent,
pledge, sell, assign, transfer, create or suffer to exist a Lien upon or encumber or allow or suffer to be encumbered in any way except for Permitted Encumbrances and to the extent permitted by this Agreement, any part of the Collateral. Each Loan
Party shall defend Agent’s interests in the Collateral with a fair market value of $500,000 or greater against any and all Persons whatsoever except with respect to Permitted Encumbrances. At any time following acceleration of the Obligations
in accordance with Section 11.1, Agent shall have the right to take possession of the indicia of the Collateral and the Collateral in whatever physical form contained, including: labels, stationery, documents, instruments and advertising
materials. If Agent exercises this right to take possession of the Collateral, Loan Parties shall, upon demand, assemble it in the best manner possible and make it available to Agent at a place reasonably convenient to Agent. In addition, with
respect to all Collateral, Agent and Lenders shall be entitled to all of the rights and remedies set forth herein 

  
 73 

 
and further provided by the Uniform Commercial Code or other Applicable Law. At any time following acceleration of the Obligations in accordance with Section 11.1, each Loan Party shall,
upon Agent’s written request, and Agent may, at its option, instruct all suppliers, carriers, forwarders, warehousers or others receiving or holding cash, checks, Inventory, documents or instruments in which Agent holds a security interest to
deliver same to Agent and/or subject to Agent’s order and if they shall come into any Loan Party’s possession, they, and each of them, shall be held by such Loan Party in trust as Agent’s trustee, and such Loan Party will immediately
deliver them to Agent in their original form together with any necessary endorsement. 
 4.7. Books and Records. Each Loan Party
shall (a) keep proper books of record and account in which full, true and correct entries will be made of all dealings or transactions of or in relation to its business and affairs; (b) set up on its books accruals with respect to all
taxes, assessments, charges, levies and claims; and (c) on a reasonably current basis set up on its books, from its earnings, allowances against doubtful Receivables, advances and investments and all other proper accruals (including by reason
of enumeration, accruals for premiums, if any, due on required payments and accruals for depreciation, obsolescence, or amortization of properties), which should be set aside from such earnings in connection with its business. All determinations
pursuant to this subsection shall be made in accordance with, or as required by, GAAP consistently applied in the opinion of such independent public accountant as shall then be regularly engaged by the Loan Parties. 

4.8. Financial Disclosure. Each Loan Party hereby irrevocably authorizes and directs all accountants and auditors employed by such Loan
Party at any time to exhibit and deliver to Agent and each Lender copies of any of such Loan Party’s and such Restricted Subsidiary’s financial statements, trial balances or other accounting records of any sort in the accountant’s or
auditor’s possession, and to disclose to Agent and each Lender any information such accountants may have concerning such Loan Party’s and such Restricted Subsidiary’s financial status and business operations, other than any disclosure
of information (x) material to such Borrowers’ and such Restricted Subsidiary’s business if such disclosure would result in the loss of the applicable accountant-client privilege (if any) or (y) which disclosure would violate in
any material respect confidentiality obligations owing to a third party. 
 4.9. Compliance with Laws. Each of Holdings, each Loan
Party and their Restricted Subsidiaries shall comply with all Applicable Laws with respect to such Person’s assets or any part thereof or to the operation of such Person’s business the non-compliance with which would reasonably be expected
to have a Material Adverse Effect. 
 4.10. Inspection of Premises. At all reasonable times Agent and each Lender shall have full
access to and the right to audit, check, inspect and make abstracts and copies from Holdings’, each Loan Party’s and its Restricted Subsidiaries’ books, records, audits, correspondence and all other papers relating to the Collateral
and the operation of each Borrower’s business (other than any information protected by attorney-client privilege or the disclosure of which would violate confidentiality obligations owed to third parties), provided that, Agent and
Lenders shall use commercially reasonable efforts to minimize any disruption to the normal business operations of the Loan Parties resulting from such access and activities. To the extent such access does not disrupt the normal business operations
of Holdings, the Loan 

  
 74 

 
Parties and their Restricted Subsidiaries, Agent, any Lender and their agents may enter upon any premises of any Person at any time during business hours and at any other reasonable time, and
from time to time, for the purpose of inspecting the Collateral and any and all records pertaining thereto and the operation of such Person’s business. 

4.11. Insurance. Each Loan Party and each Restricted Subsidiary shall (a) keep all its insurable properties insured against the
hazards of fire, flood, sprinkler leakage, those hazards covered by extended coverage insurance and such other hazards, and for such amounts, as is customary in the case of companies engaged in businesses similar to such Person’s (including
business interruption) under policies issued by financially sound and reputable insurance companies; (b) maintain a bond in such amounts as is customary in the case of companies engaged in businesses similar to such Person insuring against
larceny, embezzlement or other criminal misappropriation of insured’s officers and employees; (c) maintain all such worker’s compensation or similar insurance as may be required under the laws of any state or jurisdiction in which
such Person is engaged in business; (d) maintain public liability insurance against claims for personal injury, death or property damage suffered by others and other similar hazards (including any such liability insurance required to be
maintained by the Loan Parties and Restricted Subsidiaries under the terms of Material Contracts) for such amounts, as is customary in the case of companies engaged in businesses similar to such Person’s under policies issued by financially
sound and reputable insurance companies, (e) maintain insurance against risks under Environmental Laws and with respect to Hazardous Discharges and Releases and others similar hazards, and for such amounts, as is customary in the case of
companies engaged in businesses similar to such Person’s under policies issued by financially sound and reputable insurance companies; and (f)(i) furnish Agent with copies of all policies and evidence of the maintenance of such policies at
Agent’s request, and (ii) furnish Agent with appropriate loss payable endorsements in form and substance reasonably satisfactory to Agent, naming lender loss payee and additional insured as its interests may appear with respect to all
insurance coverage referred to in clause (a) and (f) above. Each of the Loan Parties and their Restricted Subsidiaries at all times shall maintain the assets and Real Property of such Loan Party so that such insurance shall remain in full
force and effect. Each Loan Party shall bear the full risk of any loss of any nature whatsoever with respect to the Collateral. 
 4.12.
Failure to Pay Insurance. If any Borrower or any Restricted Subsidiary fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on
behalf of any Restricted Subsidiary, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations. 

4.13. Payment of Taxes. Each Borrower and each Restricted Subsidiary will pay, when due, all material taxes, assessments and other
Charges lawfully levied or assessed upon such Borrower or any of the Collateral including real and personal property taxes, assessments and charges and all franchise, income, employment, social security benefits, withholding, and sales taxes, except
in each case, to the extent the same has been Properly Contested. If any such taxes, assessments, or other Charges remain unpaid after the date fixed for their payment, or if any claim shall be made which, in Agent’s or any Lender’s
opinion, may possibly create a valid Lien on the Collateral, Agent may without notice to Borrowers pay the taxes, assessments or other 

  
 75 

 
Charges and each Borrower hereby indemnifies and holds Agent and each Lender harmless in respect thereof. Unless an Event of Default shall have occurred and remain continuing Agent shall not pay
any taxes, assessments on Charges to the extent that any applicable Borrower has Properly Contested such taxes, assessments or Charges. The amount of any payment by Agent under this Section 4.13 shall be charged to Borrowers’ Account as a
Revolving Advance maintained as a Domestic Rate Loan and added to the Obligations and, until Borrowers shall furnish Agent with an indemnity therefor (or supply Agent with evidence satisfactory to Agent that due provision for the payment thereof has
been made), Agent may hold without interest any balance standing to Borrowers’ credit and Agent shall retain its security interest in and Lien on any and all Collateral held by Agent. 

4.14. [Reserved]. 
 4.15.
Receivables. 
 (a) Nature of Receivables. Each of the Receivables shall be a bona fide and valid account representing a bona
fide indebtedness incurred by the Customer therein named, for a fixed sum as set forth in the invoice relating thereto (provided immaterial or unintentional invoice errors shall not be deemed to be a breach hereof) with respect to an absolute sale
or lease and delivery of goods upon stated terms of a Borrower, or work, labor or services theretofore rendered by a Borrower as of the date each Receivable is created. Same shall be due and owing in accordance with the applicable Borrower’s
standard terms of sale without dispute, setoff or counterclaim except as may be stated on the accounts receivable schedules delivered by Borrowers to Agent. 

(b) Solvency of Customers. Each Customer, to the best of each Borrower’s knowledge, as of the date each Receivable is created, is
and will be solvent and able to pay all Receivables on which the Customer is obligated in full when due or with respect to such Customers of any Borrower who are not solvent such Borrower has set up on its books and in its financial records bad debt
reserves adequate to cover such Receivables. 
 (c) Location of Loan Parties. Each Loan Party’s chief executive office is
located at the location set forth in Schedule 4.5 (as such schedule may be amended and updated from time to time in accordance with Section 4.5(c)) with respect to such Loan Party. Until written notice is given to Agent by Issuer of any other
office at which any Loan Party keeps its records pertaining to Receivables, all such records shall be kept at such executive office. 
 (d)
Collection of Receivables. Borrowers shall instruct their Customers to deliver all remittances upon Receivables to such Blocked Account (and/or related lockbox) as Agent shall designate from time to time as contemplated by
Section 4.15(h), except as otherwise provided in Section 4.15(i) or as otherwise agreed to from time to time by Agent. Notwithstanding the foregoing, to the extent any Borrower directly receives any remittances upon Receivables, such
Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such
collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks,
drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness. 

  
 76 

 (e) Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at
any time following the occurrence and during the continuance of an Event of Default, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any
third party holding or otherwise concerned with any of the Collateral. At any time after the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to collect the Receivables, take possession of the Collateral,
or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to
Borrowers’ Account and added to the Obligations. 
 (f) Power of Agent to Act on Borrowers’ Behalf. Subject to the
Intercreditor Agreement, following the occurrence and during the continuance of an Event of Default, Agent shall have the right to receive, endorse, assign and/or deliver in the name of Agent or any Borrower any and all checks, drafts and other
instruments for the payment of money relating to the Receivables, and each Borrower hereby waives notice of presentment, protest and non-payment of any instrument so endorsed. Each Borrower hereby constitutes Agent or Agent’s designee as such
Borrower’s attorney with power (i) at any time to send verifications of Receivables to any Customer; and (ii) at any time following the occurrence and during the continuance of an Event of Default: (A) to endorse such
Borrower’s name upon any notes, acceptances, checks, drafts, money orders or other evidences of payment or Collateral; (B) to sign such Borrower’s name on any invoice or bill of lading relating to any of the Receivables, drafts
against Customers, assignments and verifications of Receivables; (C) reserved; (D) to sign such Borrower’s name on all financing statements or any other documents or instruments deemed necessary or appropriate by Agent to preserve,
protect, or perfect Agent’s interest in the Collateral and to file same; and (E) to receive, open and dispose of all mail addressed to any Borrower; (F) to demand payment of the Receivables; (G) to enforce payment of the
Receivables by legal proceedings or otherwise; (H) to exercise all of such Borrower’s rights and remedies with respect to the collection of the Receivables and any other Collateral; (I) to settle, adjust, compromise, extend or renew
the Receivables; (J) to settle, adjust or compromise any legal proceedings brought to collect Receivables; (K) to prepare, file and sign such Borrower’s name on a proof of claim in bankruptcy or similar document against any Customer;
(L) to prepare, file and sign such Borrower’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Receivables; and (M) to do all other acts and things necessary to carry out this
Agreement. All acts of said attorney or designee are hereby ratified and approved, and said attorney or designee shall not be liable for any acts of omission or commission nor for any error of judgment or mistake of fact or of law, unless done
maliciously or with gross (not mere) negligence (as determined by a court of competent jurisdiction in a final non-appealable judgment); this power being coupled with an interest is irrevocable while any of the Obligations remain unpaid. Agent shall
have the right at any time following the occurrence and during the continuance of an Event of Default to change the address for delivery of mail addressed to any Borrower. 

  
 77 

 (g) No Liability. Neither Agent nor any Lender shall, under any circumstances or in any
event whatsoever, have any liability for any error or omission or delay of any kind occurring in the settlement, collection or payment of any of the Receivables or any instrument received in payment thereof, or for any damage resulting therefrom
other than as a result of Agent’s or such Lender’s gross negligence or willful misconduct. Following the occurrence and during the continuance of an Event of Default, Agent may, without notice or consent from any Borrower, sue upon or
otherwise collect, extend the time of payment of, compromise or settle for cash, credit or upon any terms any of the Receivables or any other securities, instruments or insurance applicable thereto and/or release any obligor thereof. Agent is
authorized and empowered to accept following the occurrence and during the continuance of an Event of Default the return of the goods represented by any of the Receivables, without notice to or consent by any Borrower, all without discharging or in
any way affecting any Borrower’s liability hereunder. 
 (h) Establishment of a Lockbox Account, Dominion Account. Except as
otherwise provided in paragraph (i) below, all proceeds of Collateral shall be deposited by Borrowers into either (i) a lockbox account, dominion account or such other “blocked account” (“Blocked Accounts”)
established at a bank or banks (each such bank, a “Blocked Account Bank”) pursuant to an arrangement with such Blocked Account Bank as may be selected by Borrowing Agent and be reasonably acceptable to Agent or (ii) depository
accounts (“Depository Accounts”) established at Agent for the deposit of such proceeds. Each applicable Borrower, Agent and each Blocked Account Bank shall enter into a deposit account control agreement in form and substance
reasonably satisfactory to Agent directing such Blocked Account Bank to transfer such funds so deposited to Agent, either to any account maintained by Agent at said Blocked Account Bank or by wire transfer to appropriate account(s) of Agent. All
funds deposited in such Blocked Accounts shall immediately become the property of Agent and Borrowing Agent shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited. Neither Agent nor any
Lender assumes any responsibility for such blocked account arrangement, including any claim of accord and satisfaction or release with respect to deposits accepted by any Blocked Account Bank thereunder. All deposit accounts and investment accounts
of each Borrower and its Subsidiaries are set forth on Schedule 4.15(h), which schedule may by amended from time to time by Borrowers. 

(i) Reserved. 
 (j)
Deposit Accounts, Securities Accounts and Investment Accounts. All deposit accounts, securities accounts and investment accounts of each Loan Party and its Subsidiaries as of the Closing Date are set forth on Schedule 4.15(j) (which such
schedule shall be updated from time to time and attached to each Compliance Certificate delivered pursuant to Section 9.8 if, since the Closing Date or the date of the last notification (as applicable), any Loan Party has acquired any
additional deposit accounts, securities accounts or investment accounts). No Loan Party shall open any new deposit account, securities account or investment account unless (i) such Loan Party shall have given at least fifteen (15) days
prior written notice to Agent and (ii) if such account is to be maintained with the Agent or with a bank, depository institution or securities intermediary that is not the Agent, provided however, that in connection with any account not
maintained with the Agent, such bank, depository institution or securities 

  
 78 

 
intermediary, each applicable Loan Party and Agent shall first have entered into an account control agreement in form and substance reasonably satisfactory to Agent sufficient to give Agent
“control” (for purposes of Articles 8 and 9 of the Uniform Commercial Code) over such account; provided further, that notwithstanding anything to the contrary provided for in this Agreement, the Loan Parties need not comply with the
foregoing requirements of this Section 4.15(j) with respect to (1) any deposit accounts in which the total amount of funds on deposit therein or credited thereto do not exceed at any one time either $100,000 as to any one such deposit
account or $250,000 as to all such deposit accounts taken together, (2) any deposit accounts used exclusively for trust, payroll, payroll tax or petty cash purposes or employee wage or welfare benefit payments so long as the Loan Parties shall
not maintain funds on deposit therein or credited thereto at any time in excess of the amounts necessary to fund such trust, payroll, payroll tax or petty cash obligations and any related payroll processing expenses routinely paid from such accounts
on a current basis or (3) any Term Loan Deposit Accounts (the accounts described in such clauses (1), (2) and (3), collectively, the “Excluded Accounts”). Notwithstanding anything to the contrary set forth in the
foregoing, any Borrower may establish new deposit accounts without the necessity of complying with the fifteen (15) days prior written notice requirements otherwise applicable under clause (i) of the first sentence of this
Section 4.15(j) so long as such deposit accounts are established and maintained with Agent. 
 (k) Adjustments. No Borrower
will, without Agent’s consent, compromise or adjust any Receivables (or extend the time for payment thereof) or accept any returns of merchandise or grant any additional material discounts, allowances or credits thereon except for those
compromises, adjustments, returns, discounts, credits and allowances as have been heretofore customary in the Ordinary Course of Business of such Borrower. 

4.16. Inventory. To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by
such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder. 

4.17. Maintenance of Equipment. The Equipment shall be maintained in good operating condition and repair (reasonable wear and tear and
casualty excepted) and all necessary replacements of and repairs thereto shall be made so that the value and operating efficiency of the Equipment shall be maintained and preserved in all material respects. No Loan Party shall use or operate the
Equipment in violation of any material law, statute, ordinance, code, rule or regulation. Each Loan Party shall have the right to sell Equipment to the extent permitted set forth in Section 7.1(b) hereof. 

4.18. Exculpation of Liability. Nothing herein contained shall be construed to constitute Agent or any Lender as any Loan Party’s
agent for any purpose whatsoever, nor shall Agent or any Lender be responsible or liable for any shortage, discrepancy, damage, loss or destruction of any part of the Collateral wherever the same may be located and regardless of the cause thereof,
except to the extent caused by the gross negligence or willful misconduct of Agent or of such Lender. Neither Agent nor any Lender, whether by anything herein or in any assignment or otherwise, assume any of any Person’s obligations under any
contract or agreement assigned to Agent or such Lender, and neither Agent nor any Lender shall be responsible in any way for the performance by any Person of any of the terms and conditions thereof. 

  
 79 

 4.19. Environmental Matters. 

(a) Holdings, Borrowers and their Restricted Subsidiaries shall ensure that the Real Property and all operations and businesses thereon, and
all operations and business conducted by Holdings, any Borrower and any Restricted Subsidiary on real property owned or operated by Customers (“Customer Real Properties”), remain in material compliance with all Environmental Laws,
and they shall not place or permit to be placed any Hazardous Substances on or at any Real Property or any Customer Real Property except as permitted by Applicable Law or appropriate governmental authorities. 

(b) Holdings, Borrowers and their Restricted Subsidiaries shall establish and maintain a system to assure and monitor continued compliance of
such Persons’ operations and businesses with all applicable Environmental Laws which system shall include periodic reviews of such compliance. 

(c) [Reserved]. 
 (d) In the
event Holdings, any Borrower or any Restricted Subsidiary (i) obtains, gives or receives written notice of any Release or written threat of Release of a reportable quantity of any Hazardous Substances at the Real Property or any Customer Real
Property that could reasonably be expected to result in a Material Adverse Effect (any such event being hereinafter referred to as a “Hazardous Discharge”) or (ii) receives any written notice of violation, request for
information or written notification that it is potentially responsible for investigation or cleanup of environmental conditions at the Real Property or any Customer Real Property, or written demand letter, complaint, order, citation, or other
written notice with regard to any Hazardous Discharge or violation of Environmental Laws affecting the Real Property or any Person’s interest therein or any Customer Real Property that could reasonably be expected to result in a Material
Adverse Effect (any of the foregoing is referred to herein as an “Environmental Complaint”) from any Governmental Body responsible in whole or in part for environmental matters in the state in which the Real Property or any Customer
Real Property is located or the United States Environmental Protection Agency (any such person or entity hereinafter the “Authority”), then Borrowing Agent shall, within ten (10) Business Days of such notification, give written
notice of same to Agent detailing facts and circumstances of which Holdings, any Borrower or any of its Restricted Subsidiaries is aware giving rise to the Hazardous Discharge or Environmental Complaint. Such information is to be provided to allow
Agent to protect its security interest in and Lien on the Real Property and the Collateral and is not intended to create nor shall it create any obligation upon Agent or any Lender with respect thereto. 

(e) Borrowing Agent shall promptly forward to Agent copies of any request for information, notification of potential liability, or demand
letter from Governmental Bodies relating to potential responsibility with respect to the investigation or cleanup of Hazardous Substances at any other site owned, operated or used by Holdings, any Borrower or any of their Restricted Subsidiaries to
dispose of Hazardous Substances (including sites to which such Persons have arranged for the transport and disposal of Hazardous Substances) and shall continue to forward copies of correspondence and other non-privileged documents reasonably
requested by Agent to Agent until the Environmental Complaint is settled. Borrowing Agent 

  
 80 

 
shall promptly forward to Agent copies of all documents and reports concerning a Hazardous Discharge that is reasonably expected to have a Material Adverse Effect at the Real Property, any
Customer Real Property, or any such third-party disposal sites that Holdings, any Borrower or any of their Restricted Subsidiaries is required to file under any Environmental Laws. Such information is to be provided solely to allow Agent to protect
Agent’s security interest in and Lien on the Real Property and the Collateral. 
 (f) Holdings, Borrowers and their Restricted
Subsidiaries shall respond promptly to any Hazardous Discharge or Environmental Complaint and take all Remedial Actions required by Environmental Law or Authority in order to safeguard the health of any Person and to avoid subjecting the Collateral
or Real Property to any Lien. If any Borrower shall fail to respond promptly to any Hazardous Discharge or as required by Environmental Law or Authority, which such failure would reasonably be expected to have a Material Adverse Effect, Agent on
behalf of Lenders may, but without the obligation to do so, for the sole purpose of protecting Agent’s interest in the Collateral: (i) give such notices or (ii) enter onto the Real Property (or authorize third parties to enter onto
the Real Property) and take such Remedial Actions required by Environmental Law or the Authority with respect to any such Hazardous Discharge or Environmental Complaint. All reasonable costs and expenses incurred by Agent and Lenders (or such third
parties) in the exercise of any such rights, including any sums paid in connection with any judicial or administrative investigation or proceedings, fines and penalties, together with interest thereon from the date expended at the Default Rate for
Domestic Rate Loans constituting Revolving Advances shall be paid upon demand by Borrowers, and until paid shall be added to and become a part of the Obligations secured by the Liens created by the terms of this Agreement or any other agreement
between Agent, any Lender and any Borrower. 
 (g) In the event there is a Hazardous Discharge or a failure to comply with Environmental
Laws at the Real Property or any Customer Real Property, which in either case is reasonably likely to have a Material Adverse Effect, Holdings, Borrowers and their Restricted Subsidiaries shall comply with all reasonable requests for information
made by the Agent with respect to such Hazardous Discharge or failure to comply with Environmental Laws. Such information reasonably requested may include, at Borrowers’ expense, an environmental site assessment or environmental compliance
audit of Real Property owned by Holdings, any Borrower or any of their Restricted Subsidiaries, to be prepared by a nationally recognized environmental consulting or engineering firm, to assess such Hazardous Discharge or non-compliance with
Environmental Laws; provided, however, that any environmental site assessment, environmental compliance audit or similar report acceptable to an appropriate Authority that is charged to oversee any Remedial Action related to such Hazardous Discharge
or failure to comply with Environmental Laws shall be deemed acceptable to Agent. 
 (h) Each Loan Party shall defend and indemnify Agent
and Lenders and hold Agent, Lenders and their respective employees, agents, directors and officers harmless from and against all loss, liability, damage and expense, claims, costs, fines and penalties, including attorney’s fees, suffered or
incurred by Agent or Lenders under or on account of any Environmental Laws, including the assertion of any Lien thereunder, with respect to any Hazardous Discharge, the presence of any Hazardous Substances affecting the Real Property or any Customer
Real Property, whether or not the same originates or emerges from the Real 

  
 81 

 
Property or any contiguous real estate, except to the extent such loss, liability, damage and expense is attributable to any Hazardous Discharge or presence of Hazardous Substances resulting from
actions on the part of Agent or any Lender or their respective employees, agents, directors of officers as provided for in this Agreement. The Loan Parties’ respective obligations under this Section 4.19 shall arise upon the discovery of
the presence of any such Hazardous Discharge, whether or not any federal, state, or local environmental agency has taken or threatened any action in connection with such Hazardous Discharge. The Loan Parties’ obligation and the indemnifications
hereunder shall survive until payment in full of the Obligations and termination of this Agreement. 
 4.20. Financing Statements.
Except for the financing statements filed by Agent and the financing statements described on Schedule 1.2, as of the Closing Date, there are no effective financing statements covering any of the Collateral or any proceeds thereof on file in any
applicable jurisdiction. 
 4.21. Appraisals. Agent may, in its sole discretion, exercised in a commercially reasonable manner, at
any time after the Closing Date, engage the services of an independent appraisal firm or firms of reputable standing, satisfactory to Agent, for the purpose of appraising the then current values of Borrowers’ Collateral; provided that so
long as no Event of Default shall have occurred and be continuing, Borrowers shall not be obligated to pay or reimburse Agent for more than one such appraisal conducted in any consecutive 365 day period commencing on the Closing Date. Absent the
occurrence and during the continuance of an Event of Default at such time, Agent shall consult with Borrowers as to the identity of any such firm. 

4.22. Intercreditor Agreement. Notwithstanding anything in Article IV to the contrary, (i) the liens and security interests
granted to the Agent pursuant to this Agreement in Collateral that constitutes Term Loan Priority Collateral are expressly subject and subordinate to the liens and security interests granted in favor of the “Notes Claimholders” (as defined
in the Intercreditor Agreement), including liens and security interests granted to the Agent pursuant to or in connection with the Term Loan Agreement and (ii) the exercise of any right or remedy with respect to the Term Loan Priority Priority
Collateral by the Agent hereunder is subject to the limitations and provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Article IV, the terms of the
Intercreditor Agreement shall govern. 
  

	V.	REPRESENTATIONS AND WARRANTIES. 

 Each Borrower represents and warrants as follows: 

5.1. Authority. Each Loan Party has full power, authority and legal right to enter into this Agreement and the Other Documents and to
perform all its respective Obligations hereunder and thereunder. This Agreement and the Other Documents have been duly executed and delivered by each Loan Party, and this Agreement and the Other Documents constitute the legal, valid and binding
obligation of such Loan Party enforceable in accordance with their terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar laws affecting creditors’ rights generally. The execution,
delivery and 

  
 82 

 
performance of this Agreement and of the Other Documents (a) are within such Loan Party’s powers under its Organization Documents, have been duly authorized by all necessary corporate,
limited partnership, company or other organizational action, as applicable, are not in contravention of law or the terms of such Loan Party’s Organization Documents or to the conduct of such Loan Party’s business or of any material
agreement or undertaking to which such Loan Party is a party or by which such Loan Party is bound, (b) will not conflict in any material respect with or violate any law or regulation, or any judgment, order or decree of any Governmental Body,
(c) will not require the Consent of any Governmental Body, any party to a Material Contract or any other Person, except those Consents set forth on Schedule 5.1 hereto, all of which will have been duly obtained, made or complied with
prior to the Closing Date and which are in full force and effect or the failure of which to obtain would not reasonably be expected to result in a Material Adverse Effect, and (d) will not conflict with, nor result in any breach of any of the
provisions of or constitute a default under or result in the creation of any Lien except Permitted Encumbrances upon any asset of such Loan Party and their Restricted Subsidiaries under the provisions of any agreement, instrument, Organization
Document or other instrument to which such Loan Party and their Restricted Subsidiaries are party or by which they or their property is a party or by which they may be bound. 

5.2. Formation and Qualification. 

(a) Each Loan Party and each Restricted Subsidiary (A) is a Person duly organized or formed, validly existing and in good standing under
the laws of the jurisdiction of its incorporation or organization (to the extent such concept exists in such jurisdiction) and (B) is duly qualified to do business and is in good standing (to the extent such concept exists in such jurisdiction)
under the laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification and where the failure to so qualify would reasonably be expected to have a Material Adverse Effect
on such Person. Each Loan Party has delivered to Agent true and complete copies of its Organization Documents and will promptly notify Agent of any amendment or changes thereto. 

(b) The only Subsidiaries of each Loan Party as of the Closing Date are listed on Schedule 5.2(b). 

5.3. Survival of Representations and Warranties. All representations and warranties of such Borrower contained in this Agreement and
the Other Documents shall be true at the time of such Borrower’s execution of this Agreement and the Other Documents, and shall survive the execution, delivery and acceptance thereof by the parties thereto and the closing of the transactions
described therein or related thereto. 
 5.4. Tax Returns. Each Borrower’s and their Restricted Subsidiaries’ federal tax
identification numbers are set forth on Schedule 5.4 (as such Schedule may be amended and updated from time to time by written notice from the Borrowers to Agent in connection with the delivery of a Compliance Certificate pursuant to
Section 9.8). Each of the Loan Parties and their Restricted Subsidiaries has filed all federal and state income and all other material tax returns and other reports each is required by law to file and has paid all material taxes, assessments,
fees and other governmental charges that are due and payable, except those that are being Properly Contested. Federal and material state and local income tax returns of the Borrowers have been 

  
 83 

 
examined and reported upon by the appropriate taxing authority or closed by applicable statute and satisfied for all fiscal years prior to and including the fiscal year ending December 31,
2013. The provisions for taxes on the books of each Borrower and each of their Restricted Subsidiaries is adequate for all years not closed by applicable statutes, and for its current fiscal year, and no Borrower has any knowledge of any deficiency
or additional assessment in connection therewith not provided for on its books. 
 5.5. Financial Statements. 

(a) The pro forma balance sheet of Borrowers on a Consolidated Basis (the “Pro Forma Balance Sheet”) furnished to Agent on
the Closing Date reflects the consummation of the Transactions and is accurate, complete and correct and fairly reflects in all material respects the financial condition of Borrowers on a Consolidated Basis as of the Closing Date after giving effect
to the Transactions, and has been prepared in accordance with GAAP, consistently applied. The Pro Forma Balance Sheet has been certified as accurate, complete and correct in all material respects by the Chief Financial Officer of Borrowing Agent.
All financial statements referred to in this subsection 5.5(a), including the related schedules and notes thereto, have been prepared, in accordance with GAAP, except as may be disclosed in such financial statements and the absence of footnotes and
year end adjustments. 
 (b) The twelve-month cash flow projections of Borrowers on a Consolidated Basis and their projected balance sheets
as of the Closing Date, copies of which are annexed hereto as Exhibit 5.5(b) (the “Projections”) were prepared by the Chief Financial Officer of the Borrowers, are based on underlying assumptions which provide a reasonable basis for
the projections contained therein and reflect Borrowers’ judgment based on present circumstances of the most likely set of conditions and course of action for the projected period (it being understood by the parties that projections by their
nature are inherently uncertain and no assurances are being given that the results reflected in such projections will be achieved). The cash flow Projections together with the Pro Forma Balance Sheet, are referred to as the “Pro Forma Financial
Statements”. 
 (c) The Audited Financial Statements, copies of which have been delivered to Agent, have been prepared in accordance
with GAAP, consistently applied (except for changes in application in which such accountants concur and present fairly the financial position of KGH and its Subsidiaries at such dates and the results of their operations for such periods (subject to
normal year-end audit adjustments and the absence of footnotes)). Since December 31, 2013, there has been no change in the condition, financial or otherwise, of the Loan Parties or their Subsidiaries as shown on the consolidated balance sheet
as of such date of KGH and its consolidated Subsidiaries and no change in the aggregate value of machinery, equipment and Real Property owned by the Loan Parties and their respective Subsidiaries, except changes in the Ordinary Course of Business,
none of which individually or in the aggregate has been materially adverse. 
 5.6. Entity Names. As of the Closing Date, no Loan
Party has been known by any other name in the past five years and does not sell Inventory under any other name except as set forth on Schedule 5.6, nor has any Loan Party as of the Closing Date been the surviving entity of a merger or consolidation
or acquired all or substantially all of the assets of any Person during the preceding five (5) years except as set forth on Schedule 5.6. 

  
 84 

 5.7. OSHA and Environmental Compliance. 

(a) Except as would not reasonably be expected to have a Material Adverse Effect (i) each of the Loan Parties and their Restricted
Subsidiaries has duly complied in all material respects with, and its facilities, business, assets, property, leaseholds, Real Property and Equipment are in compliance in all material respects with, the provisions of the Federal Occupational Safety
and Health Act, the Environmental Protection Act, RCRA and all other Environmental Laws; there have been and are no outstanding citations, notices or orders of non-compliance issued to any Borrower or any of their Restricted Subsidiaries or relating
to its business, assets, property, leaseholds or Equipment under any such laws, rules or regulations that are reasonably likely to result in a Material Adverse Effect. 

(b) Each of the Loan Parties and their Restricted Subsidiaries has been issued and complied with all required federal, state and local
licenses, certificates or permits relating to all applicable Environmental Laws other than those licenses, certificate or permits the failure to be so issued (or the failure to so comply with) would not reasonably be expected to have a Material
Adverse Effect. 
 (c) Except as could not reasonably be expected to have a Material Adverse Effect (i) There are have been no
Hazardous Discharges at, upon, under or within any Real Property or Customer Real Property; (ii) there are no underground storage tanks or polychlorinated biphenyls on the Real Property; (iii) the Real Property has never been used as a
treatment, storage or disposal facility of Hazardous Waste; and (iv) no Hazardous Substances are present on the Real Property including any premises leased by any of the Loan Parties or any of their Restricted Subsidiaries, excepting such
quantities as are handled in accordance with all applicable manufacturer’s instructions and governmental regulations and in proper storage containers and as are necessary for the operation of the commercial business of any of the Loan Parties
or any of their Restricted Subsidiaries or any of their tenants. 
 5.8. Solvency; No Litigation, Violation, Indebtedness or Default;
ERISA Compliance. 
 (a) After giving effect to the Transactions, the Loan Parties and their Restricted Subsidiaries, taken as a whole,
are and will be solvent, able to pay their debts as they mature, have and will have capital sufficient to carry on their business and all businesses in which they are about to engage, and as of the Closing Date, the fair present saleable value of
their assets, calculated on a going concern basis, is in excess of the amount of their liabilities. 
 (b) Except as disclosed in Schedule
5.8(b), none of the Loan Parties or any of their Restricted Subsidiaries has (i) any pending or threatened (in writing) litigation, arbitration, actions or proceedings which would reasonably be expected to have a Material Adverse Effect, and
(ii) any liabilities or indebtedness for borrowed money other than the Obligations and other Permitted Indebtedness. 

  
 85 

 (c) None of the Loan Parties or any of their Restricted Subsidiaries is in violation of any
applicable statute, law, rule, regulation or ordinance in any respect which could reasonably be expected to have a Material Adverse Effect, nor are any of the Loan Parties or any of their Restricted Subsidiaries in violation of any order of any
court, Governmental Body or arbitration board or tribunal in any respect which would reasonably be expected to have a Material Adverse Effect. 

(d) No Borrower nor any member of the Controlled Group maintains or is required to contribute to any Pension Benefit Plan, Multiemployer Plan
or self-insured Welfare Plan (as defined in ERISA), other than those listed on Schedule 5.8(d) hereto (as such Schedule may be amended and updated from time to time by written notice from the Borrowers to Agent in connection with the delivery of a
Compliance Certificate pursuant to Section 9.8). Except where noncompliance or any liability would not reasonably be expected to have a Material Adverse Effect, (i) each Plan is in compliance with the applicable provisions of ERISA, the
Code and other federal or state laws, (ii) each Borrower and each member of the Controlled Group has met all applicable minimum funding requirements under Section 302 of ERISA and Section 412 of the Code in respect of each Pension
Benefit Plan, and each Pension Benefit Plan is in compliance with Sections 412, 430 and 436 of the Code and Sections 206(g), 302 and 303 of ERISA, without regard to waivers and variances; (iii) each Plan which is intended to be a qualified plan
under Section 401(a) of the Code as currently in effect has been determined by the Internal Revenue Service to be qualified under Section 401(a) of the Code and the trust related thereto is exempt from federal income tax under
Section 501(a) of the Code; (iv) neither any Borrower nor any member of the Controlled Group has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due which are
unpaid and which would reasonably be expected to have a Material Adverse Effect; (v) no Pension Benefit Plan has been terminated by the plan administrator thereof nor by the PBGC, and there is no occurrence which would cause the PBGC to
institute proceedings under Title IV of ERISA to terminate any Pension Benefit Plan; (vi) neither any Borrower nor any member of the Controlled Group has breached any of the responsibilities, obligations or duties imposed on it by ERISA with
respect to any Plan and which would reasonably be expected to have a Material Adverse Effect; (vii) neither any Borrower nor any member of a Controlled Group has incurred any liability for any excise tax arising under Section 4971, 4972 or
4980B of the Code, and no fact exists which could give rise to any such liability; (viii) neither any Borrower nor any member of the Controlled Group nor any fiduciary of, nor any trustee to, any Plan, has engaged in a “prohibited
transaction” described in Section 406 of the ERISA or Section 4975 of the Code nor taken any action which would constitute or result in a Termination Event with respect to any such Plan which is subject to ERISA; (ix) no
Termination Event has occurred or could reasonably be expected to occur; (x) there exists no event described in Section 4043 of ERISA, for which the thirty (30) day notice period has not been waived; (xi) neither any Borrower nor
any member of the Controlled Group has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA; (xii) neither any Borrower nor any member of the Controlled Group has withdrawn, completely or partially, within the
meaning of Section 4203 or 4205 of ERISA, from any Multiemployer Plan so as to incur liability under the Multiemployer Pension Plan Amendments Act of 1980 and there exists no fact which could reasonably be expected to result in any such
liability; and (xiii) no Plan fiduciary (as defined in Section 3(21) of ERISA) has any liability for breach of fiduciary duty or for any failure in connection with the administration or investment of the assets of a Plan. 

  
 86 

 5.9. Patents, Trademarks, Copyrights and Licenses. All Registered or material Intellectual
Property owned by any Loan Party or any Restricted Subsidiary which are necessary for the operation of any such Loan Party’s or any Restricted Subsidiary’s business are set forth on Schedule 5.9 (as such Schedule may be amended and updated
from time to time by written notice from Borrowers to Agent in connection with the delivery of a Compliance Certificate pursuant to Section 9.8). All material Intellectual Property owned by each Loan Party or any Restricted Subsidiary is, to
the knowledge of any Loan Party or any Restricted Subsidiary, valid. There is no objection to or pending challenge to the validity of any such owned Intellectual Property, and to the knowledge of any Loan Party, any licensed Intellectual Property.
No Loan Party or any Restricted Subsidiary is aware of any grounds for any challenge to such owned or licensed Intellectual Property, except as set forth in Schedule 5.9 hereto. Each item of Intellectual Property owned by any Loan Party or any
Restricted Subsidiary consists of original material or property developed by such Loan Party or was lawfully acquired by such Loan Party or Restricted Subsidiary from the proper and lawful owner thereof, except as otherwise would not reasonably be
expected to result in a Material Adverse Effect. Each Loan Party and each Restricted Subsidiary has taken commercially reasonable steps to maintain all owned Intellectual Property and licensed Intellectual Property as to preserve the value thereof
from the date of creation or acquisition thereof. With respect to all software used by any Loan Party or any Restricted Subsidiary, such Loan Party or Restricted Subsidiary possesses valid licenses or other rights to use all such software. 

5.10. Licenses and Permits. Except as set forth in Schedule 5.10, each of the Loan Parties and the Restricted Subsidiaries (a) is
in compliance with and (b) has procured and is now in possession of, all material licenses or permits required by any applicable federal, state or local law, rule or regulation for the operation of its business in each jurisdiction wherein it
is now conducting or proposes to conduct business and where the failure to be in compliance with or procure such licenses or permits would reasonably be expected to have a Material Adverse Effect. 

5.11. No Default. As of the Closing Date, no Borrower is in default in the payment or material performance of any of its Material
Contracts and no Event of Default under this Agreement has occurred and is continuing. 
 5.12. No Burdensome Restrictions. None of
the Loan Parties nor any of the Restricted Subsidiaries is party to any contract or agreement the performance of which would reasonably be expected to have a Material Adverse Effect. Each Loan Party has heretofore delivered to Agent true and
complete copies of all Material Contracts (or otherwise, to the extent required, provided a description of such Material Contracts (and any amendments thereto) entered into after the Closing Date in the applicable Narrative Report) to which it or
its Restricted Subsidiaries is a party or to which they or any of their properties is subject. 
 5.13. No Labor Disputes. None of
the Loan Parties nor any of the Restricted Subsidiaries is involved in any labor dispute; there are no strikes or walkouts or union organization of any Loan Party’s nor any of the Restricted Subsidiaries’ employees threatened or in
existence and no labor contract is scheduled to expire during the Term, in each case, that would reasonably be expected to have a Material Adverse Effect. 

  
 87 

 5.14. Margin Regulations. None of the Loan Parties nor any of the Restricted Subsidiaries
is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of
each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of the sale of any of the Notes will be used for “purchasing” or
“carrying” “margin stock” as defined in Regulation U of such Board of Governors. 
 5.15. Investment Company Act.
None of the Loan Parties nor any of the Restricted Subsidiaries is an “investment company” registered or required to be registered under the Investment Company Act of 1940, as amended, nor is it controlled by such a company. 

5.16. Disclosure. No representation or warranty made by any of the Loan Parties or any of the Restricted Subsidiaries in this Agreement
or in any financial statement, report, certificate or any other document furnished in connection herewith contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements herein or therein when
taken as a whole, not misleading in any material respect. There is no fact known to any of the Loan Parties or any of the Restricted Subsidiaries or which reasonably should be known to such Loan Party, which such Loan Party or such Restricted
Subsidiaries, as applicable, has not disclosed to Agent in writing with respect to the transactions contemplated by this Agreement which would reasonably be expected to have a Material Adverse Effect. 

5.17. Swaps. No Borrower is a party to, nor will it be a party to, any swap agreement whereby such Borrower has agreed or will agree to
swap interest rates or currencies unless same provides that damages upon termination following an event of default thereunder are payable on an unlimited “two-way basis” without regard to fault on the part of either party. 

5.18. Conflicting Agreements. No provision of any mortgage, indenture, contract, agreement, judgment, decree or order binding on any
Loan Party or any of their Restricted Subsidiaries or affecting the Collateral conflicts with, or requires any Consent which has not already been obtained to, or would in any way prevent the execution, delivery or performance of, the terms of this
Agreement or the Other Documents. 
 5.19. Application of Certain Laws and Regulations. None of the Loan Parties, Restricted
Subsidiaries or any Affiliate of any Loan Party or Restricted Subsidiary is subject to any laws, statute, rule or regulation which regulates the incurrence of any Indebtedness, including laws, statutes, rules or regulations relative to common or
interstate carriers or to the sale of electricity, gas, steam, water, telephone, telegraph or other public utility services. 
 5.20.
Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties and their Restricted Subsidiaries do not propose to engage in any business other than business relating to oil field services and related activities and
ancillary, supplementary and complementary lines of business. On the Closing Date, the Loan Parties and their Restricted Subsidiaries, taken as a whole, will own all the property and possess all of the rights and

  
 88 

 
Consents necessary for the conduct of the business of the Loan Parties and their Restricted Subsidiaries, taken as a whole, except where such failure would not reasonably be expected to have a
Material Adverse Effect. 
 5.21. Section 20 Subsidiaries. Borrowers do not intend to use and shall not use any portion of the
proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary. 

5.22. Anti-Terrorism Laws. 

(a) General. None of the Loan Parties, Restricted Subsidiaries or any Affiliate of such Loan Parties or Restricted Subsidiaries is in
violation of any Anti-Terrorism Law or engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 

(b) Executive Order No. 13224. None of the Loan Parties, Restricted Subsidiaries or any Affiliate of such Loan Parties or
Restricted Subsidiaries or their respective agents acting or benefiting in any capacity in connection with the Advances or other transactions hereunder, is any of the following (each a “Blocked Person”): 

(i) a Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224; 

(ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to
the provisions of, the Executive Order No. 13224; 
 (iii) a Person or entity with which any Lender is prohibited from dealing or
otherwise engaging in any transaction by any Anti-Terrorism Law; 
 (iv) a Person or entity that commits, threatens or conspires to commit
or supports “terrorism” as defined in the Executive Order No. 13224; 
 (v) a Person or entity that is named as a
“specially designated national” on the most current list published by the U.S. Treasury Department Office of Foreign Asset Control at its official website or any replacement website or other replacement official publication of such list,
or 
 (vi) a Person or entity who is affiliated or associated with a Person or entity listed above. 

None of the Loan Parties, Restricted Subsidiaries, any Affiliate of such Loan Parties or Restricted Subsidiaries, or any of its agents acting
in any capacity in connection with the Advances or other transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or
(ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to the Executive Order No. 13224. 

  
 89 

 5.23. Trading with the Enemy. None of the Loan Parties or any of the Restricted
Subsidiaries has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act. 
 5.24.
Federal Securities Laws. Neither any Loan Party nor any of its Restricted Subsidiaries (a) is required to file periodic reports under the Exchange Act, (b) has any securities registered under the Exchange Act or (c) has filed a
registration statement that has not yet become effective under the Securities Act. 
 5.25. Equity Interests. As of the Closing Date,
the authorized and outstanding Equity Interests of each Loan Party and each of the Restricted Subsidiaries is as set forth on Schedule 5.25 hereto. All of the Equity Interests of each Loan Party and each of the Restricted Subsidiaries have been duly
and validly authorized and issued, are fully paid and non-assessable and have been sold and delivered to the holders hereof in compliance with, or under valid exemption from, all federal and state laws and the rules and regulations of each
Governmental Body governing the sale and delivery of securities. As of the Closing Date, except for the rights and obligations set forth on Schedule 5.25, there are no subscriptions, warrants, options, calls, commitments, rights or agreement by
which any Loan Party, or any of the holders of the Equity Interests issued by any Loan Party or any of its Restricted Subsidiaries, is bound relating to the issuance, transfer, voting or redemption of shares of its Equity Interests or any
pre-emptive rights held by any Person with respect to the Equity Interests of Loan Parties and any of its Restricted Subsidiaries. Except as set forth on Schedule 5.25, Loan Parties and any of its Restricted Subsidiaries have not issued any
securities convertible into or exchangeable for shares of its Equity Interests or any options, warrants or other rights to acquire such shares or securities convertible into or exchangeable for such shares. 

5.26. Commercial Tort Claims. No Loan Party is a party to any commercial tort claims exceeding $100,000 (either individually or in the
aggregate), except as set forth on Schedule 5.26 hereto (as such Schedule may be amended and updated from time to time by written notice from the Borrowers to Agent in connection with the delivery of a Compliance Certificate pursuant to
Section 9.8). 
 5.27. Letter of Credit Rights. No Loan Party has any letter of credit rights exceeding $100,000 (either
individually or in the aggregate), except as set forth on Schedule 5.27 hereto (as such Schedule may be amended and updated from time to time by written notice form the Borrowers to Agent in connection with the delivery of a Compliance Certificate
pursuant to Section 9.8). 
 5.28. Material Contracts. As of the Closing Date, Schedule 5.28 sets forth all Material Contracts
of the Loan Parties and the Restricted Subsidiaries. All Material Contracts are in full force and effect and, except to the extent such defaults would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect,
no defaults currently exist thereunder. 

  
 90 

	VI.	AFFIRMATIVE COVENANTS. 

 Each of the Loan Parties and their Restricted Subsidiaries shall, until
payment in full of the Obligations and termination of this Agreement: 
 6.1. Payment of Fees. Pay to Agent, without duplication: on
demand all usual and customary fees and expenses which Agent incurs in connection with (a) the forwarding of Advance proceeds and (b) the establishment and maintenance of any Blocked Accounts or Depository Accounts as provided for in
Section 4.15(h). Agent may, without making demand, charge Borrowers’ Account for all such fees and expenses. 
 6.2. Conduct of
Business and Maintenance of Existence and Assets. (a) Actively conduct and operate its business according to good business practices and maintain all of its properties necessary in its business in good working order and condition in all
material respects (reasonable wear and tear excepted and except as may be disposed of in accordance with the terms of this Agreement), including all licenses, patents, copyrights, design rights, tradenames, trade secrets and trademarks and take all
commercially reasonable actions necessary to enforce and protect the validity of any intellectual property right or other right included in the Collateral except, in each case, where the failure to do so would not reasonably be expected to have a
Material Adverse Effect; (b) preserve, renew and maintain in full force and effect its legal existence under the laws of the jurisdiction of its organization and its good standing in the relevant jurisdictions of organization, and comply in all
material respects with the laws and regulations governing the conduct of its business where the failure to do so would reasonably be expected to have a Material Adverse Effect; and (c) make all such reports and pay all such franchise and other
taxes and license fees and do all such other acts and things as may be lawfully required to maintain its rights, licenses, leases, powers and franchises under the laws of the United States or any political subdivision thereof where the failure to do
so would reasonably be expected to have a Material Adverse Effect. 
 6.3. Violations. Promptly notify Agent in writing of any
violation of any law, statute, regulation or ordinance of any Governmental Body, or of any agency thereof, applicable to any Loan Party which could reasonably be expected to have a Material Adverse Effect. 

6.4. Reserved. 
 6.5.
Financial Covenants. If at any time during any fiscal quarter (the “Subject Quarter”) a Covenant Trigger Event shall have occurred or be continuing, cause to be maintained a Fixed Charge Coverage Ratio of not less than 1.00
to 1.00 for the four-fiscal quarter period ending as of the last day of such Subject Quarter. 
 6.6. Execution of Supplemental
Instruments. Execute and deliver to Agent from time to time, upon demand, such supplemental agreements, statements, assignments and transfers, or instructions or documents relating to the Collateral, and such other instruments as Agent may
request, in order that the full intent of this Agreement may be carried into effect. 
 6.7. Payment of Indebtedness. Pay, discharge
or otherwise satisfy at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade 

  
 91 

 
payables, to normal payment practices) all its obligations and liabilities of whatever nature, except when the failure to do so would not reasonably be expected to have a Material Adverse Effect
or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders. 

6.8. Standards of Financial Statements. Cause all financial statements referred to in Sections 9.7, 9.8, 9.9, 9.10, 9.11, 9.12, and
9.13 as to which GAAP is applicable to be complete and correct in all material respects (subject, in the case of interim financial statements, to normal year-end audit adjustments and the absence of footnotes) and to be prepared in reasonable detail
and in accordance with GAAP applied consistently throughout the periods reflected therein (except as concurred in by such reporting accountants or officer, as the case may be, and disclosed therein). 

6.9. Federal Securities Laws. Promptly notify Agent in writing if any Loan Party or any of its Subsidiaries (a) is required to
file periodic reports under the Exchange Act, (b) registers any securities under the Exchange Act or (c) files a registration statement under the Securities Act. 

6.10. Additional Guarantors; Further Assurances. Upon (w) the formation or acquisition of any new direct or indirect Subsidiary
(other than an Excluded Subsidiary) by any Loan Party, (x) the designation in accordance with Section 6.11 of any existing direct or indirect Subsidiary as a Restricted Subsidiary (other than an Excluded Subsidiary), (y) any existing
Excluded Subsidiary ceasing to be an Excluded Subsidiary or (z) any Subsidiary of any Borrower being added as a borrower, a guarantor, or otherwise is an obligor under, or has granted a Lien on its assets as credit support for, the Term Loan
Facility after the date of this Agreement, then such Borrower shall cause such Person to become a Guarantor and comply with the provisions of Article IV regarding the grant of security interests in its assets constituting Collateral by executing a
supplement to this Agreement and to those Other Documents in the form attached hereto as Exhibit 6.10 (an “Additional Guarantor Supplement”) and, unless otherwise waived by Agent, the Borrowers will cause their counsel to
simultaneously with the delivery of such supplement and such Guaranty deliver an Opinion of Counsel as to the enforceability, subject to customary exceptions, of such supplement to this Agreement and to such Other Documents in form and substance
reasonably satisfactory to Agent on the date on which it was added. At any time or from time to time upon the reasonable request of Agent, Holdings, the Borrowers and each other Guarantor will, at its expense, promptly execute, acknowledge and
deliver such further documents and do such other acts and things as Agent may reasonably request in order to ensure that the Obligations under this Agreement are guaranteed by the Guarantors and that the Liens created hereunder and under the Other
Documents continue to constitute first priority perfected security interests in the Collateral. 
 6.11. Designation of Subsidiaries.
The Board of Directors may, at any time designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided, that immediately before and after such designation, (i) no
Default or Event of Default shall have occurred and be continuing and (ii) no Subsidiary may be designated as an Unrestricted Subsidiary if, after such designation, it would be a “Restricted Subsidiary” for the purpose of the Term
Loan Facility or any Subordinated Indebtedness. For purposes of Section 7.4 hereof, designation of any Subsidiary as an Unrestricted Subsidiary after 

  
 92 

 
the Closing Date shall be deemed to be an acquisition by a Borrower of the Equity Interests of such Unrestricted Subsidiary at the date of designation for a purchase price and investments equal
to (x) if such Restricted Subsidiary is being acquired by a Loan Party on such date of designation, the total aggregate value of all consideration (including all Earnouts) paid by such Loan Party for such acquisition and (y) in all other
cases, the fair market value of the assets of such Restricted Subsidiary at such date of designation. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any
Indebtedness or Liens of such Subsidiary existing at such time and, for purposes of Section 7.4 a return on any investment by the Issuer in Unrestricted Subsidiaries equal to the fair market value of the assets of such Subsidiary at such date
of designation. Notwithstanding the foregoing, any Unrestricted Subsidiary that has been re-designated a Restricted Subsidiary may not be subsequently re-designated as an Unrestricted Subsidiary. 

6.12. Keepwell. If it is a Qualified ECP Loan Party, then jointly and severally, together with each other Qualified ECP Loan Party,
hereby absolutely unconditionally and irrevocably (a) guarantees the prompt payment and performance of all CEA Swap Obligations owing by each Non-Qualifying Party (it being understood and agreed that this guarantee is a guaranty of payment and
not of collection), and (b) undertakes to provide such funds or other support as may be needed from time to time by any Non-Qualifying Party to honor all of such Non-Qualifying Party’s obligations under this Agreement or any Other Document
in respect of CEA Swap Obligations (provided, however, that each Qualified ECP Loan Party shall only be liable under this Section 6.10 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under
this Section 6.10, or otherwise under this Agreement or any Other Document, voidable under applicable law, including applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of
each Qualified ECP Loan Party under this Section 6.10 shall remain in full force and effect until payment in full of the Obligations and termination of this Agreement and the Other Documents. Each Qualified ECP Loan Party intends that this
Section 6.10 constitute, and this Section 6.10 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of each other Borrower and Guarantor for all purposes
of Section 1a(18(A)(v)(II) of the CEA. 
 6.13. Post-Closing Actions. Complete each of the actions described on Schedule 6.13 as
soon as commercially reasonable and by no later than the date set forth in Schedule 6.13 with respect to such action or such later date as Agent may reasonably agree. 
  

	VII.	NEGATIVE COVENANTS. 

 No Loan Party shall, nor shall they permit any of the Restricted
Subsidiaries to, directly or indirectly, until satisfaction in full of the Obligations (other than unasserted contingent indemnification obligations) and termination of this Agreement: 

7.1. Merger, Consolidation, Acquisition and Sale of Assets. 

(a) Enter into any merger, consolidation, liquidation, dissolution or other reorganization with or into any other Person or acquire all or a
substantial portion of the assets or Equity Interests of any Person; permit any other Person to consolidate or merge with or liquidate 

  
 93 

 
or dissolve into it or sell, lease, transfer or otherwise dispose of all of or a substantial portion of all of its assets to or in favor of any Person, provided, however that (i) any
Restricted Subsidiary may merge, amalgamate or consolidate with (x) any Borrower (including a merger, the purpose of which is to reorganize such Borrower into a new jurisdiction); provided that such Borrower shall be the continuing or
surviving Person or (y) one or more other Restricted Subsidiaries; provided that when any Person that is a Loan Party (other than a Borrower or Holdings) is merging with a Restricted Subsidiary, a Loan Party shall be the continuing or
surviving Person unless the resulting investment made in connection with a Loan Party merging with a non-Loan Party shall otherwise be a Permitted Investment; (ii) (x) any Subsidiary that is a non-Loan Party may merge, amalgamate or
consolidate with or into any other Subsidiary that is a non-Loan Party, (y) any Subsidiary (other than any Borrower) may liquidate or dissolve and (z) any Borrower or Subsidiary may change its legal form if, with respect to clauses
(y) and (z), such Borrower determines in good faith that such action is in the best interest of such Borrower and if not materially disadvantageous to the Lenders (it being understood that in the case of any change in legal form, such Borrower
will remain a Borrower and a Subsidiary that is a Guarantor will remain a Guarantor unless such Guarantor is otherwise permitted to cease being a Guarantor hereunder); (iii) any Restricted Subsidiary may dispose of all or substantially all of
its assets (upon voluntary liquidation or otherwise) to a Borrower or to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then (x) the transferee must be a Loan Party or (y) to
the extent constituting an investment, such investment must be a Permitted Investment, so long as (A) no other provision of this Agreement would be violated thereby, (B) such Loan Party gives Agent at least five (5) Business
Days’ prior written notice of such merger or consolidation, (C) no Event of Default shall have occurred and be continuing either before or after giving effect to such transaction, and (D) Agent’s rights in any Collateral,
including, without limitation, the existence, perfection and priority of any Lien thereon, are not adversely affected by such merger or consolidation; and (iv) so long as no Event of Default has occurred and is continuing or would result
therefrom, a merger, consolidation, amalgamation, dissolution, liquidation, consolidation or sale of assets, between the target and the applicable Borrower, the purpose of which is to effect a Permitted Acquisition. 

(b) Sell, lease, transfer or otherwise dispose of any of its properties or assets, except (i) the sale of Inventory in the Ordinary
Course of Business, (ii) the disposition of assets from any Loan Party or Restricted Subsidiary to any other Loan Party or any Subsidiary Guarantor, (iii) the disposition or transfer of obsolete and worn-out Equipment in the Ordinary
Course of Business, (iv) subject to at least five (5) Business Days’ written notice of such Sale-Leaseback Transaction to Agent, the disposition of Equipment in connection with a Sale-Leaseback Transaction to the extent the
Attributable Indebtedness incurred in connection with such Sale-Leaseback Transaction is permitted pursuant to clause (b) of the defined term “Permitted Indebtedness”, (v) any other dispositions or transfers (other than sales,
dispositions or transfers of Receivables) during any fiscal year not to exceed $1,000,000, (vi) dispositions of Receivables, but only to the extent of a compromise, adjustment, write down or collection thereof or acceptance of any return of
merchandise in connection therewith or the granting of any material discount, allowance or credits thereon, in each case, in the Ordinary Course of Business, or in connection with the bankruptcy or reorganization of the applicable Customer and
dispositions of any securities received in any such bankruptcy or reorganization, (vii) the use or transfer of cash or Cash Equivalents in a manner that is not prohibited by this Agreement,
(viii)

  
 94 

 
the making of an investment that is permitted to be made pursuant to Section 7.4, (ix) the making of a distribution in accordance with Section 7.7, (x) dispositions of assets
acquired pursuant to a Permitted Acquisition consummated within 12 months of the date of the proposed disposition (the “Subject Permitted Acquisition”) so long as (i) the proceeds of any such disposition of assets are used to
prepay the Notes in accordance with Section 2.5(a) of the Term Loan Agreement (without an option for reinvestment pursuant to such Section 2.5(b)), (ii) the assets to be so disposed are not necessary or economically desirable in
connection with the business of the Loan Parties thereof and either (x) the fair market value of the assets to be so disposed do not exceed 25% of the fair market value of the total assets acquired from the Subject Permitted Acquisition or
(y) the amount of EBITDA attributable to the assets to be so disposed does not exceed 25% of the total EBITDA attributable to the total assets acquired in such Subject Permitted Acquisition, and (iii) the assets to be so disposed are
readily identifiable as assets acquired pursuant to the Subject Permitted Acquisition; provided, that for any such sale, lease, transfer or other disposition pursuant to this Section 7.1(b) (except pursuant to clauses (ii), (vi) and
(ix) or to any Borrower or a Subsidiary Guarantor) shall be for no less than the fair market value of the applicable property or assets at the time of such transaction. 

7.2. Creation of Liens. Create or suffer to exist any Lien or transfer upon or against any of its property or assets now owned or
hereafter acquired, except Permitted Encumbrances. 
 7.3. Guarantees. Become liable upon the obligations or liabilities of any
Person by assumption, endorsement or guaranty thereof or otherwise (other than in respect of the Obligations) except (a) as disclosed on Schedule 7.3, (b) guarantees of Indebtedness permitted under clause (e) of the definition of
“Permitted Indebtedness”, (c) Permitted Intercompany Investments and (d) the endorsement of checks in the Ordinary Course of Business. For all purposes of this Agreement, the amount of any assumption, endorsement or guarantee
shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such assumption, endorsement or guarantee is made or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof as determined in good faith by the Person assuming, or otherwise endorsing or guaranteeing such obligation. 

7.4. Investments. Purchase or acquire obligations or Equity Interests of, or any other interest in, any Person, except (a) readily
marketable obligations issued or directly and fully guaranteed or insured by the government or any agency or instrumentality of the United States having average maturities of not more than one year from the date of acquisition thereof;
provided that the full faith and credit of the United States is pledged in support thereof, (b) commercial paper and variable or fixed rate notes issued by a commercial bank that is organized under the laws of the United States, any
state thereof, the District of Columbia or any member nation of the Organization for Economic Cooperation and Development or is the principal banking Subsidiary of a bank holding company organized under the laws of the United States, any state
thereof, the District of Columbia or any member nation of the Organization for Economic Cooperation and Development and is a member of the Federal Reserve System, and either (i) has combined capital and surplus of at least $500,000,000 or
(ii) issues debt obligations, or is the Subsidiary of a holding company which issues debt obligations, that are rated not less than A (or the equivalent rating) by a nationally recognized investment rating agency (any such

  
 95 

 
commercial bank, an “Approved Bank”) (or by the parent company thereof) or any variable or fixed rate note issued by, or guaranteed by, a corporation (other than structured
investment vehicles and other than corporations used in structured financing transactions) rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s, in each case with average maturities
of not more than 180 days from the date of acquisition thereof, (c) time deposits or eurodollar time deposits with insured certificates of deposit, bankers’ acceptances or overnight bank deposits of, or letters of credit issued by an
Approved Bank, in each case with maturities not exceeding 180 days from the date of acquisition thereof, (d) U.S. money market funds that invest solely in obligations set forth in Section 7.4(a), (e) Permitted Investments,
(f) advances, loans or extensions of credit permitted under Section 7.5 and assumptions, endorsements and guarantees permitted under Section 7.3, and (g) the purchase or acquisition of obligations or Equity Interests of, or any
other interest in, any Person (together with any Permitted Acquisitions accounted for as investments pursuant to this clause (g)) in an aggregate amount not to exceed (x) $5,000,000 (less the amount of any advances, loans or extensions
of credit made in reliance on the dollar amount set forth in Section 7.5(e)(x)) plus (y) the Cumulative Credit at such time (provided, that no Event of Default has occurred and is continuing or would result therefrom);
further provided that, notwithstanding anything to the contrary provided for in the foregoing or otherwise in this Agreement, at any time when the Cumulative Credit shall be greater than $0, Loan Parties may not make any further investments in any
Urestricted Subsidiaries to the extent that, after giving effect to any such investment, the aggregate amount of all such investments in any Unrestricted Subsidiaries pursuant to this Section 7.4 would exceed $5,000,000 plus the amount of any
return of capital deemed received by Loan Parties by the designation of any Unrestricted Subsidiaries as Restricted Subsidiaries pursuant to the penultimate sentence of Section 6.11, unless and except to the extent that, after giving effect to
such investment, Liquidity exceeds $15,000,000. 
 7.5. Loans. Make advances, loans or extensions of credit to any Person, including
any Parent, Subsidiary or Affiliate except with respect to (a) the extension of commercial trade credit in connection with the sale of Inventory in the Ordinary Course of Business, (b) loans to employees in the Ordinary Course of Business
not to exceed the aggregate amount of $1,000,000 at any time outstanding, (c) Permitted Intercompany Investments, (d) advances, loans or extensions of credit permitted under Section 7.4 and (e) advances, loans or extensions of
credit in an aggregate amount not to exceed (x) $5,000,000 (less the amount of any investments made in reliance on the dollar amount set forth in Section 7.4(g)(x)) plus (y) the Cumulative Credit at such time
(provided, that no Event of Default has occurred and is continuing or would result therefrom). 
 7.6. Reserved. 

7.7. Distributions. Pay or make any distribution of any Equity Interest of any Loan Party any of the Restricted Subsidiaries or apply
any of its funds, property or assets to the purchase, redemption or other retirement of any Equity Interest, or of any options to purchase or acquire any such Equity Interest of any Loan Party or any of the Restricted Subsidiaries except that the
Loan Parties and the Restricted Subsidiaries shall be permitted to make distributions (A) to the extent and in accordance with the terms and conditions set forth in clauses (i) through (iv) below and (B) subject to written
certification provided to Agent as to the purpose and amount of 

  
 96 

 
such distribution or payment (such certification to be provided in the Compliance Certificate delivered pursuant to Section 9.8 hereof) to its members or partners (as applicable), in an
aggregate amount equal to the Increased Tax Burden of its members or partners (as applicable), so long as (a) a notice of termination with regard to this Agreement shall not be outstanding, and (b) no Event of Default shall have occurred
and be continuing or would occur after giving pro forma effect to such payment(s), and (c) the purpose for such purchase, redemption or distribution shall be as set forth in writing to Agent at least ten (10) days within the occurrence of
such purchase, redemption or distribution and such purchase, redemption or distribution shall in fact been used for such purpose. Payments to members or partners (as applicable) shall be made so as to be available when the tax is due, including in
respect of estimated tax payments. In the event (x) the actual distribution to members or partners (as applicable), made pursuant to this Section 7.7 exceeds the actual income tax liability of any of such members or partners, whether
direct or indirect (as applicable), due to such Loan Party’s or Restricted Subsidiary’s status as a limited liability company or partnership (as applicable) or (y) if such Person was a subchapter C corporation, such Person would be
entitled to a refund of income taxes previously paid as a result of a tax loss during a year in which such Person is a limited partnership or limited liability company (as applicable), then the members or partners (as applicable) shall repay such
Person the amount of such excess or refund, as the case may be, no later than the date the annual tax return must be filed by such Person (without giving effect to any filing extensions). In the event such amounts are not repaid in a timely manner
by any member or partners (as applicable), then such Loan Party or such Restricted Subsidiary shall not pay or make any distribution with respect to, or purchase, redeem or retire, any membership interest or partnership interest (as applicable) of
such Person held or controlled by, directly or indirectly, such member or partner (as applicable), until such payment has been made; 
 (i)
each Restricted Subsidiary of a Borrower may pay dividends and distributions to such Borrower and the other Restricted Subsidiaries of such Borrower (and in the case of a dividend or distribution by a non-wholly owned Restricted Subsidiary, to a
Borrower and any other Restricted Subsidiary and to each other owner of Equity Interests of such non-wholly owned Restricted Subsidiary based upon their relative ownership interests of the relevant class of Equity Interests); 

(ii) so long as no Event of Default has occurred and is continuing or would result therefrom, the Borrowers and their Restricted Subsidiaries
may (or may make dividends and distributions, the proceeds of which may be used by Holdings and/or any direct or indirect Parent to) repurchase, redeem, retire or otherwise acquire for value Equity Interests (including any stock appreciation rights
or profit interests in respect thereof) of the Borrowers (or its direct or indirect parent), any Borrower or any of its Restricted Subsidiaries from current or former employees, directors or officers, provided that the aggregate cash payments
in respect of such repurchases, redemptions, retirements and acquisitions shall not exceed $5,000,000 in any fiscal year, and provided further that at such time, if any, as such aggregate cash payments made in any fiscal year exceed
$1,000,000, then any such additional cash payments made during such fiscal year may be made only if (x) after giving effect to each such additional cash payment, Borrowers shall be in pro forma compliance with the minimum Fixed Charge Coverage
Ratio covenant (whether or not in effect) set forth in Section 6.5 hereof, measured as at the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such

  
 97 

 
payment had been made on the first day of such Pro Forma Testing Period, and (y) no later than five (5) Business Days prior to the making of such payment, Borrowers shall deliver a
certificate of the Chief Financial Officer or Controller of Borrowing Agent certifying that the conditions of the preceding clause (x) were satisfied with respect to the making of such payment; 

(iii) Holdings and its Restricted Subsidiaries may make non-cash repurchases of Equity Interests of Holdings, any Borrower or any Restricted
Subsidiary deemed to occur upon exercise of stock options or similar equity incentive awards if such Equity Interest represents a portion of the exercise price of such options or similar equity incentive awards; 

(iv) the Borrowers and their Restricted Subsidiaries may make distributions and dividends (the proceeds of which may be used by Intermediate
Holdco I and/or any direct or indirect Parent to make distributions and dividends) in an aggregate amount not to exceed (x) the greater of (1) $5,000,000 and (2) 10% of Adjusted EBITDA for the four fiscal quarters most recently ended
for which financial statements and a Compliance Certificate have been delivered in accordance with Section 9.6 or 9.7 (less the amount of any prepayments, redemptions, purchases, defeasances and other payments in respect of financings of
Subordinated Indebtedness in reliance on the dollar amount set forth in Section 7.16(iv)(x)) plus (y) the Cumulative Credit at such time (provided, that with respect to any dividend or distribution made out of amounts under
clause (a) of the definition of “Cumulative Credit” pursuant to this clause (y), (A) no Event of Default has occurred and is continuing or would result therefrom, (B) the Borrowers shall be in pro forma compliance with the
minimum Fixed Charge Coverage Ratio covenant (whether or not in effect) set forth in Section 6.5 hereof measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such dividend or
distribution had occurred on the first day of such Pro Forma Testing Period, (C) the Borrowers shall have a pro forma Leverage Ratio of not greater than 3.50 to 1.00, measured as of the end of the applicable Pro Forma Testing Period and
calculated on a pro forma basis assuming that such dividend or distribution had occurred on the first day of such Pro Forma Testing Period, and (D) satisfaction of the foregoing clauses (A), (B) and (C) shall be evidenced by a
certificate from a Chief Financial Officer of the Borrowers demonstrating such satisfaction calculated in reasonable detail); and 
 (v)
the Borrowers and their Restricted Subsidiaries may make other distributions to Holdings to pay (or for Holdings to make distributions to any direct or indirect Parent to pay) (i) out-of-pocket legal, accounting and other general corporate
overhead out-of-pocket costs incurred in the Ordinary Course of Business attributable to the ownership of the Borrowers and its Subsidiaries in an aggregate amount not to exceed $2,000,000 in any fiscal year, (ii) customary fees and
reimbursement of reasonable out-of-pocket costs of, and customary indemnities provided to or on behalf of, Holdings’ or any direct or indirect Parent’s directors and officers attributable to the ownership or operations of the Borrowers and
(iii) fees and expenses payable to COAC to the extent that the payment of such fees and expenses is permitted pursuant to Section 7.10(b). 

7.8. Indebtedness. Create, incur, assume or suffer to exist any Indebtedness (exclusive of trade debt) except Permitted Indebtedness.

  
 98 

 7.9. Nature of Business. Substantially change the nature of the business in which it is
presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to
be used in its business. 
 7.10. Transactions with Affiliates. Directly or indirectly, purchase, acquire or lease any property from,
or sell, transfer or lease any property to, or otherwise enter into any transaction or deal with, any Affiliate, including without limitation the payment of any management fees, except (a) transactions which are on an arm’s-length basis on
terms and conditions no less favorable than terms and conditions which would have been obtainable from a Person other than an Affiliate; provided that, Borrowers shall disclose the terms and conditions of each transaction with any Affiliate(s)
entered into in reliance on this Section 7.10 on the next Compliance Certificate delivered by Borrowers pursuant to Section 9.8 following the date the applicable Loan Party(ies) enter into such transaction, (b) the payment of fees and
expenses to COAC in connection with the providing of advisory services in an aggregate amount not to exceed $2,000,000 in any fiscal year, (c) entering into employment and severance arrangements, in the Ordinary Course of Business between any
Loan Party or Restricted Subsidiary’s and its officers and employees, (d) the payment of customary fees and reimbursement of reasonable out-of-pocket costs of, and customary indemnities provided to or on behalf of directors, officers,
non-Affiliated consultants and employees of the Loan Parties and their Restricted Subsidiaries) in the Ordinary Course of Business, (e) transactions permitted by Section 7.7 or any Permitted Intercompany Investment, and
(f) transactions between or among the Loan Parties. 
 7.11. Reserved. 

7.12. Fiscal Year and Accounting Changes. Change its fiscal year from a year ending on December 31st or make any significant
change (a) in accounting treatment and reporting practices except as required by GAAP or (b) in tax reporting treatment except as required by law. 

7.13. Pledge of Credit. Now or hereafter pledge Agent’s or any Lender’s credit on any purchases or for any purpose whatsoever
or use any portion of any Advance in or for any business other than such Borrower’s business as conducted on the date of this Agreement. 

7.14. Amendment of Organizational Documents; Material Indebtedness. 

(a) Without the consent of the Agent, amend, modify or waive any term or provision of its certificate of partnership, limited partnership
agreement, certificate of formation, operating agreement or other organizational documents in a manner materially adverse to the interests of the Lenders unless required by law. 

(b) Without the consent of the Agent, amend, modify, change or waive any term or condition in any manner materially adverse to the interests
of the Lenders of any documentation in respect of any Indebtedness having an aggregate outstanding principal amount in excess of 7,500,000. 

  
 99 

 (c) Without the consent of the Agent, amend, modify, change or waive any term or condition of
any documentation (including the Term Loan Agreement) related to the Term Loan Facility, in any manner materially adverse to the interests of the Lenders. 

7.15. Compliance with ERISA. (i) Engage, or permit any member of the Controlled Group to engage, in any non-exempt
“prohibited transaction”, as that term is defined in Section 406 of ERISA or Section 4975 of the Code, (ii) terminate, or permit any member of the Controlled Group to terminate, any Plan where such event could result in any
liability of any Borrower or any member of the Controlled Group or the imposition of a lien on the property of any Borrower or any member of the Controlled Group pursuant to Section 4068 of ERISA, (iii) incur, or permit any member of the
Controlled Group to incur, any withdrawal liability to any Multiemployer Plan and which would reasonably be expected to have a Material Adverse Effect; (iv) fail promptly to notify Agent of the occurrence of any Termination Event, (v) fail
to comply, or permit a member of the Controlled Group to fail to comply, with the requirements of ERISA or the Code or other Applicable Laws in respect of any Plan and which would reasonably be expected to have a Material Adverse Effect; or
(vi) fail to meet, permit any member of the Controlled Group to fail to meet, or permit any Plan to fail to meet, all minimum funding requirements under ERISA and the Code, without regard to any waivers or variances, or postpone or delay or
allow any member of the Controlled Group to postpone or delay any funding requirement with respect to any Plan. 
 7.16. Prepayment of
Subordinated Indebtedness; Payments of Qualified Subordinated Indebtedness. At any time, directly or indirectly, prepay any Subordinated Indebtedness (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Subordinated
Indebtedness or make any payment in respect of Qualified Subordinated Indebtedness (other than payments of interest to the extent paid-in-kind through the addition to the principal amount thereof), except (i) Permitted Refinancings (as such
term is defined in clause (d) of the defined term Permitted Indebtedness), (ii) the conversion or exchange of any Subordinated Indebtedness to Equity Interests (other than Disqualified Equity Interests) of Holdings or any of its direct or
indirect Parents, (iii) the prepayment of Indebtedness by any Borrower or any Restricted Subsidiary to any Borrower or any Restricted Subsidiary, and (iv) prepayments, redemptions, purchases, defeasances and other payments in respect of
Subordinated Indebtedness (including cash or non-cash payments in respect of Qualified Subordinated Indebtedness) prior to their scheduled maturity in an aggregate amount not to exceed (x) the greater of (1) $5,000,000 and (2) 10% of
Adjusted EBITDA for the four fiscal quarter period most recently ended (for which financial statements and a Compliance Certificate have been delivered in accordance with Section 9.6 or 9.7 (less the amount of any distributions made in
reliance on the dollar amount set forth in Section 7.7(iv)(x)) plus (y) the Cumulative Credit at such time (provided, that with respect to any prepayment, redemption, purchase, defeasance or other payment in respect of
Subordinated Indebtedness made out of amounts under clause (a) of the definition of “Cumulative Credit” pursuant to this clause (y), (A) no Event of Default has occurred and is continuing or would result therefrom, (B) the
Borrowers shall be in pro forma compliance with the minimum Fixed Charge Coverage Ratio covenant (whether or not in effect) set forth in Section 6.5 hereof measured as of the end of the applicable Pro Forma Testing Period and calculated on a
pro forma basis assuming that such redemption, purchase, defeasance or other payment had occurred on the first day of such Pro Forma Testing Period, (C) the Borrowers shall 

  
 100 

 
have a pro forma Leverage Ratio of not greater than 3.50 to 1.00, measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that such
redemption, purchase, defeasance or other payment had occurred on the first day of such Pro Forma Testing Period, and (D) satisfaction of the foregoing clauses (A), (B) and (C) shall be evidenced by a certificate from a Chief
Financial Officer of the Borrowers demonstrating such satisfaction calculated in reasonable detail). 
 7.17. Burdensome Agreements.
None of the Loan Parties or the Restricted Subsidiaries shall enter into or permit to exist any agreement or obligation (other than this Agreement, the Other Documents or the Term Loan Agreement) that limits the ability of (a) any Restricted
Subsidiary to pay dividends or make distributions to any Loan Party or any of its Restricted Subsidiaries, or (b) any Loan Party to create, incur, assume or suffer to exist Liens on any property of such Person for the benefit of the Lenders
with respect to the Obligations or under this Agreement and the Other Documents, provided that the foregoing clauses (a) and (b) shall not apply to agreements or obligations which: 

(i) exist on the Closing Date and are listed on Schedule 7.17 to this Agreement and, to the extent such obligations are set forth in
an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted modification, replacement, renewal, extension or refinancing of such Indebtedness so long as such modification, replacement, renewal, extension or
refinancing does not expand the scope of such obligation; 
 (ii) are binding on a Restricted Subsidiary at the time such Restricted
Subsidiary first becomes a Restricted Subsidiary of a Loan Party, so long as such obligations were not entered into in contemplation of such Person becoming a Restricted Subsidiary of such Loan Party; 

(iii) are customary restrictions that arise in connection with any Permitted Encumbrance or disposition permitted by Section 7.1, 

(iv) are customary provisions in joint venture agreements and other similar agreements applicable to joint ventures constituting Permitted
Investments or otherwise permitted under this Agreement and applicable solely to such joint venture, 
 (v) are customary restrictions on
leases, subleases, licenses, cross-licenses, sublicenses or asset sale agreements otherwise permitted hereby so long as such restrictions relate to the property interest, rights or the assets subject thereto, 

(vi) are customary provisions restricting subletting or assignment of any lease governing a leasehold interest of any of the Loan Parties or
the Restricted Subsidiaries, 
 (vii) are customary provisions restricting assignment of any agreement entered into in the Ordinary Course
of Business, 
 (viii) are restrictions on cash or other deposits imposed by customers under contracts entered into in the Ordinary Course
of Business, 

  
 101 

 (ix) comprise restrictions imposed by any agreement governing Indebtedness entered into on or
after the Closing Date and permitted under Section 7.08 that are, taken as a whole, no more restrictive with respect to any Borrower or any Restricted Subsidiary than customary market terms for Indebtedness of such type (and, in any event, are
no more restrictive than the restrictions contained in this Agreement), so long as such Borrower shall have determined in good faith that such restrictions will not affect its obligation or ability to make any payments required hereunder. 

7.18. Anti-Terrorism Laws. None of the Loan Parties or Restricted Subsidiaries Borrower shall, until satisfaction in full of the
Obligations and termination of this Agreement, nor shall it permit any Affiliate or agent to: 
 (a) Conduct any business or engage in any
transaction or dealing with any Blocked Person, including the making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person. 

(b) Deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to the Executive
Order No. 13224. 
 (c) Engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or
avoiding, or attempts to violate, any of the prohibitions set forth in the Executive Order No. 13224, the USA PATRIOT Act or any other Anti-Terrorism Law. The Loan Parties and the Restricted Subsidiaries shall deliver to Lenders any
certification or other evidence requested from time to time by any Lender in its sole discretion, confirming Loan Parties’ and Restricted Subsidiaries’ compliance with this Section. 

7.19. Trading with the Enemy Act. Engage in any business or activity in violation of the Trading with the Enemy Act. 

7.20. Term Loan Debt. At any time directly or indirectly, pay, prepay, repurchase, redeem, retire or otherwise acquire or make any
principal payment on account of the repayment or redemption of the Term Loan Debt, except (i) regularly scheduled payments or acquisitions of principal provided for in, and mandatory prepayments of principal required under, the Term Loan
Documents as in effect on the Closing Date or as thereafter amended with the consent of the Agent, Term Loan Agent and the Term Loan Lenders, (ii) principal payments or acquisitions thereof solely from the proceeds of Term Priority Collateral,
(iii) principal payments or acquisitions thereof solely from the Retained Declined Proceeds (as defined in the Term Loan Agreement, and (iv) optional prepayments or acquisitions thereof so long as after giving effect to such prepayment or
acquisition, Liquidity exceeds $15,000,000. 
 7.21. Permitted Activities. 

(a) With respect to Holdings, (A) engage in any material operating or business activities or own any material assets; provided
that the following and any activities incidental thereto shall be permitted in any event: (i) its ownership of the Equity Interests of the Borrowers and activities incidental thereto, including payment of dividends and other amounts in respect
of its Equity Interests, (ii) the maintenance of its legal existence (including the ability to incur fees, 

  
 102 

 
costs and expenses relating to such maintenance), (iii) the performance of its obligations with respect to this Agreement, the Other Documents and the Term Loan Documents, (iv) any
public offering of its common stock or any other issuance or sale of its Equity Interests (other than Disqualified Equity Interests), payment of dividends, making contributions to the capital of any Borrower and guaranteeing the obligations of any
Borrower, (v) participating in tax, accounting and other administrative matters as a member of the consolidated group of KGH and any Borrower, (vi) providing indemnification to officers and directors and (vii) any activities
incidental to the foregoing and (B) own any Equity Interests other than Equity Interests in any Borrower. 
 (b) So long as financial
statements of KGH and its consolidated Subsidiaries are being provided in lieu of financial statements of the Borrowers and its consolidated Subsidiaries in accordance with Section 9.5, with respect to KGH, (A) engage in any material
operating or business activities or own any material assets; provided that the following and any activities incidental thereto shall be permitted in any event: (i) its ownership of the Equity Interests of Holdings and activities
incidental thereto, including payment of dividends and other amounts in respect of its Equity Interests, (ii) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance),
(iii) any public offering of its common stock or any other issuance or sale of its Equity Interests (other than Disqualified Equity Interests), payment of dividends, making contributions to the capital of Holdings, (iv) participating in
tax, accounting and other administrative matters as a member of the consolidated group of KGH, Holdings and the Borrowers, (v) providing indemnification to officers and directors, (vi) the providing of guarantees in respect of the
obligations of Holdings or any of its Subsidiaries; provided that the aggregate amount of guaranteed obligations shall not exceed $1,000,000 at any time outstanding; (vii) the performance of the activities set forth on Schedule 7.21; and
(vi) any activities incidental to the foregoing and (B) own any Equity Interests other than Equity Interests in any Borrower. 
  

	VIII.	CONDITIONS PRECEDENT. 

 8.1. Conditions to Initial Advances. The agreement of Lenders to
make the initial Advances requested to be made on the Closing Date is subject to the satisfaction, or waiver by Agent, immediately prior to or concurrently with the making of such Advances, of the following conditions precedent: 

(a) Agreement and Note. Agent shall have received duly executed counterparts of this Agreement and the Note duly executed and
delivered by an authorized officer of each Borrower; 
 (b) Filings, Registrations and Recordings. Each document (including any
Uniform Commercial Code financing statement) required by this Agreement, any related agreement or under law or reasonably requested by Agent to be filed, registered or recorded in order to create, in favor of Agent, a perfected security interest in
or lien upon the Collateral shall have been properly filed, registered or recorded in each jurisdiction in which the filing, registration or recordation thereof is so required or requested, and Agent shall have received an acknowledgment copy, or
other evidence satisfactory to it, of each such filing, registration or recordation and satisfactory evidence of the payment of any necessary fee, tax or expense relating thereto; 

  
 103 

 (c) Collateral Access Agreements. Agent shall have used commercially reasonable efforts
to deliver to Agent landlord, mortgagee or warehouseman agreements satisfactory to Agent in its commercially reasonable judgment with respect to such premises leased by Borrowers at which Inventory and books and records are located as Agent may
reasonably require; 
 (d) Guarantees and Other Documents. Agent shall have received (i) the executed Guarantees, (ii) the
executed Guarantor Security Agreement and (iv) the executed Other Documents, all in form and substance satisfactory to Agent; 
 (e)
Term Loan Agreement; Intercreditor Agreement. Agent shall have received (i) true, correct and complete copies of the Term Loan Agreement, duly executed by the parties thereto, certified as such by an appropriate officer of Borrowers and
(ii) the Intercreditor Agreement, duly executed in form and substance reasonably satisfactory to Agent; 
 (f) Environmental Due
Diligence. Agent acknowledges that it has completed a due diligence examination of Borrowers’ policies and procedures regarding compliance with Environmental Laws and Borrowers’ environmental insurance policies; 

(g) Financial Condition Certificates. Agent shall have received an executed Financial Condition Certificate in the form of Exhibit
8.1(g). 
 (h) Closing Certificate. Agent shall have received a closing certificate signed by the Chief Financial Officer of the
Borrowers dated as of the date hereof, stating that (i) all representations and warranties set forth in this Agreement and the Other Documents are true and correct in all material respects (except to the extent any such representation or
warranty is already qualified as to materiality, Material Adverse Effect or similar language, in which case each such representation or warranty (after giving effect to any qualification therein) shall be true and correct in all respects) on and as
of such date with the same effect as though made on and as of such date (it being understood and agreed that any representation or warranty which by its terms expressly relates to an earlier date shall be required to be true and correct in all
material respects as of such earlier date) and (ii) on such date no Default or Event of Default has occurred or is continuing; 
 (i)
Borrowing Base. Agent shall have received evidence from Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrowers on the
Closing Date; 
 (j) Blocked Accounts. To the extent so requested, Agent shall have received duly executed agreements establishing
the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral; 

  
 104 

 (k) Proceedings of Loan Parties. Agent shall have received a copy of the resolutions in
form and substance reasonably satisfactory to Agent, of the Board of Managers, Managing Member, or General Partner (as applicable) of each Loan Party authorizing (i) the execution, delivery and performance of this Agreement, the Note, and all
Other Documents (collectively the “Documents”) and (ii) the granting by each Loan Party of the security interests in and liens upon the Collateral in each case certified by the senior officer, Managing Member or General Partner
(as applicable) of each Loan Party as of the Closing Date; and, such certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded as of the date of such certificate; 

(l) Incumbency Certificates of Loan Parties. Agent shall have received a certificate of the senior officer, Managing Member or General
Partner of each Loan Party, dated the Closing Date, as to the incumbency and signature of the senior officer, Managing Member or General Partner of each Loan Party, as applicable, executing this Agreement, the Other Documents, any certificate or
other documents to be delivered by it pursuant hereto, together with evidence of the incumbency of such senior officer, Managing Member or General Partner; 

(m) Certificates. Agent shall have received a copy of the certificate of formation, certification of limited partnership or
certificate of incorporation, as applicable, of each Loan Party, and all amendments thereto, certified by the Secretary of State or other appropriate official of its jurisdiction of formation together with copies of the operating agreement, limited
partnership agreement or bylaws, as applicable, of each Loan Party and all agreements of each Loan Party’s members, partners or board of directors, as applicable, certified as accurate and complete by the senior officer, Managing Member or
General Partner of each Loan Party, as applicable; 
 (n) Good Standing Certificates. Agent shall have received good standing
certificates for each Loan Party dated not more than 30 days prior to the Closing Date, issued by the Secretary of State or other appropriate official of each Loan Party’s jurisdiction of formation and each jurisdiction where the conduct of
each Loan Party’s business activities or the ownership of its properties necessitates qualification except, where the failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect; 

(o) Legal Opinion. Agent shall have received the executed legal opinion of (i) Schulte Roth & Zabel LLP in form and
substance reasonably satisfactory to Agent which shall cover such matters customary to commercial lending transactions and (ii) Clark Hill PLC, local Pennsylvania course to Loan Parties in form and substance satisfactory to Agent which shall
cover such matters customary to commercial lending transactions including perfection with respect to Drilling, and each Loan Party hereby authorizes and directs each such counsel to deliver such opinions to Agent and Lenders; 

(p) No Litigation. (i) No litigation, investigation or proceeding before or by any arbitrator or Governmental Body shall be
continuing or threatened against any Loan Party or against the officers or directors of any Loan Party (A) in connection with this Agreement, the Other Documents or any of the transactions contemplated thereby and which, in the reasonable
opinion of Agent, is deemed material or (B) which could reasonably be expected to have a Material Adverse Effect; and (ii) no injunction, writ, restraining order or other order of any nature materially adverse to any Loan Party or the
conduct of its business or inconsistent with the due consummation of the Transactions shall have been issued by any Governmental Body; 

  
 105 

 (q) Collateral Examination and Appraisals. Agent acknowledges that it has completed
satisfactory Collateral examinations and received satisfactory appraisals of the Receivables, Inventory and General Intangibles of each Loan Party and all books and records in connection therewith; 

(r) Fees. Agent shall have received all fees payable to Agent and Lenders on or prior to the Closing Date hereunder, including
pursuant to Article III hereof; 
 (s) Pro Forma Financial Statements; Historical Financial Statements. Agent shall have received a
copy of (i) the Pro Forma Financial Statements, (ii) the Audited Financial Statements, and (iii) the financial statements described in Section 9.7 (or the financial statements of Holdings (together with the additional information
required by Section 9.5) for each subsequent fiscal quarter ended at least forty-five (45) days prior to the Closing Date, each of which shall be satisfactory in all respects to Agent; 

(t) Insurance. Agent shall have received in form and substance reasonably satisfactory to Agent, certified copies of Loan
Parties’ casualty insurance policies and environmental insurance required by this Agreement, together with loss payable endorsements on Agent’s standard form of loss payee endorsement naming Agent as loss payee, and certified copies of
Loan Parties’ liability insurance policies required by this Agreement, together with endorsements naming Agent as an additional insured; 

(u) Payment Instructions; Payoff Documents. 

(i) Agent shall have received written instructions from Borrowing Agent directing the application of proceeds of the initial Advances made
pursuant to this Agreement; 
 (ii) With respect to the application of such proceeds in satisfaction of the indebtedness owing by Loan
Parties under the Existing Credit Facilities, Agent shall have received in form and substance satisfactory to Agent copies of all documentation evidencing the satisfaction of such indebtedness, the release of all obligors of any monetary obligations
thereunder, and the termination and release of all liens securing such indebtedness; and 
 (iii) On the Closing Date, after giving effect
to the Refinancing none of the Loan Parties nor Restricted Subsidiaries shall have any Indebtedness for borrowed money except (i) the Advances, (ii) the Term Loan Debt and (iii) any Permitted Indebtedness. 

(v) Consents. Agent shall have received any and all Consents necessary to permit the effectuation of the transactions contemplated by
this Agreement and the Other Documents; and, Agent shall have received such Consents and waivers of such third parties as might assert claims with respect to the Collateral, as Agent and its counsel shall reasonably deem necessary; 

  
 106 

 (w) No Adverse Material Change. (i) since December 31, 2013, there shall not
have occurred any event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect and (ii) no representations made or information supplied to Agent or Lenders shall have been proven to be inaccurate or
misleading in any material respect; 
 (x) Reserved; 

(y) Reserved; 
 (z)
Undrawn Availability. After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $7,500,000; 

(aa) Compliance with Laws. Agent shall be reasonably satisfied that each Borrower is in material compliance with all pertinent
federal, state, local or territorial regulations, including those with respect to the Federal Occupational Safety and Health Act, the Environmental Protection Act, ERISA and the Trading with the Enemy Act; and 

(bb) Other. All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the
Transactions shall be satisfactory in form and substance to Agent and its counsel. 
 8.2. Conditions to Each Advance. The agreement
of Lenders to make any Advance requested to be made on any date (including the initial Advance), is subject to the satisfaction of the following conditions precedent as of the date such Advance is made: 

(a) Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to this
Agreement, the Other Documents and any related agreements to which it is a party, and each of the representations and warranties contained in any certificate, document or financial or other statement furnished at any time under or in connection with
this Agreement, the Other Documents or any related agreement shall be true and correct in all material respects (except to the extent any such representation or warranty is already qualified as to materiality, Material Adverse Effect or similar
language, in which case each such representation or warranty (after giving effect to any qualification therein) shall be true and correct in all respects) on and as of such date (it being understood and agreed that any representation or warranty
which by its terms expressly relates to an earlier date shall be required to be true and correct in all material respects as of such earlier date); 

(b) No Default. No Event of Default or Default shall have occurred and be continuing on such date, or would exist after giving effect
to the Advances requested to be made, on such date; provided, however that Agent, in its sole discretion, may continue to make Advances notwithstanding the existence of an Event of Default or Default and that any Advances so made shall not be
deemed a waiver of any such Event of Default or Default; and 
 (c) Maximum Advances. In the case of any type of Advance requested
to be made, after giving effect thereto, the aggregate amount of such type of Advance shall not exceed the maximum amount of such type of Advance permitted under this Agreement. 

  
 107 

 Each request for an Advance by any Borrower hereunder shall constitute a representation and
warranty by each Borrower as of the date of such Advance that the conditions contained in this subsection shall have been satisfied. 
  

	IX.	INFORMATION AS TO BORROWERS. 

 Each of the Loan Parties and the Restricted Subsidiaries shall,
or (except with respect to Section 9.11) shall cause Borrowing Agent on its behalf to, until satisfaction in full of the Obligations (other than Letters of Credit that have been cash collateralized and unasserted contingent indemnification
obligations) and the termination of this Agreement: 
 9.1. Disclosure of Material Matters. Promptly upon learning thereof, report to
Agent all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral, including any Loan Party’s reclamation or repossession of, or the return to any Loan Party of, a material amount of goods or
claims or disputes asserted by any Customer or other obligor. 
 9.2. Schedules. Deliver to Agent on or before the fifteenth
(15th) day of each month as and for the prior month (a) accounts receivable ageings inclusive of reconciliations to the general ledger, (b) accounts payable schedules inclusive of reconciliations to the general ledger,
(c) Inventory reports and (d) a Borrowing Base Certificate in form and substance reasonably satisfactory to Agent (which shall be calculated as of the last day of the prior month and which shall not be binding upon Agent or restrictive of
Agent’s rights under this Agreement); provided that, (x) at any time following the occurrence and during the continuance of an Event of Default, if so requested by Agent in its Permitted Discretion, Borrowers shall deliver Borrowing
Base Certificates at more frequent intervals calculated as of such interim dates as Agent may require and (y) regardless of whether Agent shall have exercised its rights under the preceding clause (x), Borrowers shall deliver to Agent on the
first Business Day of each week a weekly report updating the most recently delivered Borrowing Base Certificate to reflect sales, receipts of cash and collections during the preceding week. In addition, each Borrower will deliver to Agent at such
intervals as Agent may require in its Permitted Discretion: (i) confirmatory assignment schedules; (ii) copies of Customer’s invoices; (iii) evidence of shipment or delivery; and (iv) such further schedules, documents and/or
information regarding the Collateral as Agent may require in its Permitted Discretion including trial balances and test verifications. Agent shall have the right to confirm and verify all Receivables by any reasonable manner and through any medium
it considers advisable and do whatever it may deem reasonably necessary to protect its interests hereunder. The items to be provided under this Section are to be in form satisfactory to Agent in its Permitted Discretion and executed by each Borrower
and delivered to Agent from time to time solely for Agent’s convenience in maintaining records of the Collateral, and any Borrower’s failure to deliver any of such items to Agent shall not affect, terminate, modify or otherwise limit
Agent’s Lien with respect to the Collateral. Notwithstanding the requirement contained in the first sentence of this Section 9.2 regarding the delivery of a Borrowing Base Certificate to the Agent on a monthly basis, Borrowing Agent, at
its option, may elect to deliver a Borrowing Base Certificate to Agent (x) at any time, promptly following any date on which Keane Completions repays or returns to Borrowers any Permitted Investment pursuant to Section 7.4(e) hereof or
repays to Borrowers any intercompany loan or advance made pursuant to Section 7.5(e) hereof or (y) on the 15th day of the month following the month during which such

  
 108 

 
repayment or return shall have occurred. In either case, such Borrowing Base Certificate shall reflect the dollar-for-dollar reduction in the amount of the Special Reserve, in accordance with the
definition thereof, to the extent applicable, so long as Agent shall have received, concurrently with the delivery of any such Borrowing Base Certificate, reasonably satisfactory evidence of such repayment or return, and the amount thereof. 

9.3. Environmental Reports. Furnish Agent, concurrently with the delivery of the financial statements referred to in Sections 9.7 and
9.8, with a certificate signed by the President of Borrowing Agent stating, to the best of his knowledge, that each Borrower is in compliance in all respects with all federal, state and local Environmental Laws, to the extent set forth in
Section 5.7 of this Agreement. If any Borrower is not in such compliance to such extent with the foregoing laws, the certificate shall set forth with specificity all areas of non-compliance and the proposed action such Borrower will implement
in order to achieve such compliance. 
 9.4. Litigation. Promptly notify Agent in writing of any claim, litigation, suit or
administrative proceeding affecting any Borrower or any Guarantor, or any of the Restricted Subsidiaries, whether or not the claim is covered by insurance, and of any litigation, suit or administrative proceeding, which in any such case affects a
material portion of the Collateral or which would reasonably be expected to have a Material Adverse Effect. 
 9.5. Material Occurrences;
Material Contracts. Promptly notify Agent in writing upon the occurrence of: (i) any Event of Default; (ii) any event of default under the Term Loan Documents; (iii) any event of default under the Subordinated Loan Documentation;
(iv) any event, development or circumstance whereby any financial statements or other reports furnished to Agent fail in any material respect to present fairly, in accordance with GAAP consistently applied, the financial condition or operating
results of any Loan Party or the Restricted Subsidiaries as of the date of such statements; (v) any accumulated retirement plan funding deficiency which, if such deficiency continued for two plan years and was not corrected as provided in
Section 4971 of the Code, could subject any Loan Party or the Restricted Subsidiaries to a tax imposed by Section 4971 of the Code; (vi) without limiting the generality of clause (a), notice of any Event of Default under
Section 10.11, including the names and addresses of the holders of such Indebtedness with respect to which such Event of Default has occurred, and the amount of such Indebtedness; and (vii) any other development in the business or affairs
of any Borrower or any Guarantor, or any of the Restricted Subsidiaries, which would reasonably be expected to have a Material Adverse Effect; in each case describing the nature thereof and the action Borrowers propose to take with respect thereto.

 9.6. Parent Financials. Notwithstanding the requirements of Sections 9.7, 9.8 and 9.9, the obligations to deliver the financial
statements of the Borrowers may be satisfied by (A) on and after the Closing Date (and until an election made pursuant to clause (B) below), furnishing the applicable financial statements of KGH and its consolidated Subsidiaries and
(B) to the extent the Borrowers have provided at least thirty (30) days’ prior written notice to Agent as to such change, Holdings and its consolidated Subsidiaries; provided that, (i) such information is accompanied by
unaudited consolidating information that explains in reasonable detail the differences between the information relating to either KGH or Holdings, as applicable, and its consolidated Subsidiaries, on the one hand, and the information relating to the
Borrowers and their consolidated Subsidiaries on a standalone basis, on the other hand and (ii) to the extent 

  
 109 

 
annual financial statements provided pursuant to this Section 9.6 are in lieu of the annual financial statements required to be provided under Section 9.7, such annual financial
statements are accompanied by a report and opinion of KPMG LLP or any other independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing
standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit. 

9.7. Annual Financial Statements. Furnish Agent with respect to each fiscal year, within one hundred and twenty (120) days, in
each case, after the end of the fiscal year of Borrowers, (a) financial statements of Borrowers and their Subsidiaries on a consolidated basis including, but not limited to, statements of income and members’ equity and cash flow from the
beginning of the current fiscal year to the end of such fiscal year and the balance sheet as at the end of such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all prepared in accordance with
GAAP applied on a basis consistent with prior practices, and in reasonable detail and reported upon without qualification by an independent certified public accounting firm selected by Borrowers and reasonably satisfactory to Agent (the
“Accountants”). The Borrowers shall use their commercially reasonably to cause such report of the Accountants to be accompanied by a statement of the Accountants certifying that (i) they have caused this Agreement to be
reviewed, (ii) in making the examination upon which such report was based either no information came to their attention which to their knowledge constituted an Event of Default or a Default under this Agreement or any related agreement or, if
such information came to their attention, specifying any such Default or Event of Default, its nature, when it occurred and whether it is continuing, and such report shall contain or have appended thereto calculations or confirmations which set
forth Borrowers’ compliance with the requirements or restrictions imposed by Sections 6.5, 6.10, 7.4, 7.5, 7.6, 7.7 and 7.8 hereof, (b) a Compliance Certificate and (c) a Narrative Report. 

9.8. Quarterly Financial Statements. Furnish Agent within 45 days after the end of each fiscal quarter, (a) an unaudited balance
sheet and unaudited statements of members equity and cash flow of Borrowers, in each case on a consolidated basis and an unaudited statement of income of Borrowers and their Subsidiaries on a consolidated and consolidating basis reflecting results
of operations from the beginning of the fiscal year to the end of such quarter and for such quarter, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding
portion of the previous fiscal year and prepared on a basis consistent with prior practices and complete and correct in all material respects, subject to normal and recurring year end adjustments that individually and in the aggregate are not
material to Borrowers’ business, (b) a Compliance Certificate and (c) a Narrative Report. 
 9.9. Monthly Financial
Statements. Furnish Agent within thirty (30) days after the end of each month (other than for the months of March, June, September and December) which shall be delivered in accordance with Sections 9.7 and 9.8 as applicable), an unaudited
balance sheet and unaudited statements of members equity and cash flow of Borrowers and their Subsidiaries, in each case on a consolidated basis and an unaudited statement of income of Borrowers and their Subsidiaries on a consolidated and
consolidating basis reflecting results of 

  
 110 

 
operations from the beginning of the fiscal year to the end of such month and for such month, prepared on a basis consistent with prior practices and complete and correct in all material
respects, subject to normal and recurring year end adjustments that individually and in the aggregate are not material to Borrowers’ business. The reports shall be accompanied by a Compliance Certificate. 

9.10. Other Reports. Furnish Agent as soon as available, but in any event within ten (10) days after the issuance thereof, with
copies of such financial statements, reports and returns as any Loan Party and any of its Restricted Subsidiaries shall send to its partners and members. 

9.11. Additional Information. Furnish Agent with such additional information as Agent shall reasonably request in order to enable Agent
to determine whether the terms, covenants, provisions and conditions of this Agreement and the Notes have been complied with by the Loan Parties and the Restricted Subsidiaries including, (a) copies of all environmental audits and reviews,
pursuant to Section 4.19, (b) with respect to Borrower’s opening of any new office or place of business or any Borrower’s closing of any existing office or place of business, notice thereof, within 10 Business Days after such
opening or closing (provided that nothing contained in the foregoing shall be deemed to contradict or limit Borrowers’ separate obligations to give prior written notice with respect to the opening of certain new offices or places of
business as required and set forth in Section 4.5(c) hereof), and (c) promptly upon any Loan Party learning thereof, notice of any labor dispute to which any Loan Party may become a party, any strikes or walkouts relating to any of its
plants or other facilities, and the expiration of any labor contract to which any Loan Party is a party or by which any Loan Party is bound, in each case under this clause (c), to the extent that the occurrence thereof would reasonably be expected
to result in a Material Adverse Effect. 
 9.12. Projected Operating Budget. Furnish the Agent no later than thirty (30) days
after the beginning of the Borrowers’ fiscal year commencing with the fiscal year ending on or about December 31, 2014, a quarter by quarter projected operating budget and cash flow of Borrowers and its Subsidiaries on a consolidated basis
for such fiscal year (including an income statement for each quarter and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer
of the Borrowers to the effect that such projections have been prepared on a reasonable and good faith basis (in light of then prevailing current market conditions), pursuant to sound financial planning practices consistent with past budgets and
financial statements (it being understood that projections by their nature are subject to uncertainties and contingencies, many of which are beyond the control of the Loan Parties and the Restricted 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). 
 9.13. Variances
From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7, 9.8 and 9.9, a written report summarizing all material variances (including, without limitation, comprehensive
income statements and balance sheet items) from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances. 

  
 111 

 9.14. Notice of Suits, Adverse Events. Furnish Agent with prompt written notice of
(i) any lapse or other termination of any material Consent issued to any Loan Party or the Restricted Subsidiaries by any Governmental Body or any other Person that is material to the operation of any Loan Party’s or any Restricted
Subsidiary’s business, (ii) any refusal by any Governmental Body or any other Person to renew or extend any such Consent; and (iii) copies of any periodic or special reports filed by any of the Loan Parties or the Restricted
Subsidiaries with any Governmental Body or Person, if such reports indicate any material change in the business, operations, affairs or condition of any of the Loan Parties or the Restricted Subsidiaries, or if copies thereof are requested by any
Lender, and (iv) copies of any material notices and other material communications from any Governmental Body or Person which specifically relate to any of the Loan Parties or the Restricted Subsidiaries. 

9.15. Unrestricted Subsidiaries. Simultaneously with the delivery of each set of financial statements referred to in Sections 9.7, 9.8
and 9.9 above, the related unaudited consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) (which may be in footnote form only) from such consolidated financial
statements. 
 9.16. ERISA Notices and Requests. Furnish Agent with prompt written notice (but no later than five (5) Business
Days following knowledge of an event) in the event that (i) any Borrower or any member of the Controlled Group knows or has reason to know that a Termination Event has occurred, together with a written statement describing such Termination
Event and the action, if any, which such Borrower or any member of the Controlled Group has taken, is taking, or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, Department of
Labor or PBGC with respect thereto, (ii) any Borrower or any member of the Controlled Group knows or has reason to know that a prohibited transaction (as defined in Sections 406 of ERISA and 4975 of the Code) has occurred together with a
written statement describing such transaction and the action which such Borrower or any member of the Controlled Group has taken, is taking or proposes to take with respect thereto, (iii) a funding waiver request has been filed with respect to
any Plan together with all communications received by any Borrower or any member of the Controlled Group with respect to such request, (iv) any increase in the benefits of any existing Plan or the establishment of any new Plan or the
commencement of contributions to any Plan to which any Borrower or any member of the Controlled Group was not previously contributing shall occur; (v) any Borrower or any member of the Controlled Group shall receive from the PBGC a notice of
intention to terminate a Plan or to have a trustee appointed to administer a Plan, together with copies of each such notice, (vi) any Borrower or any member of the Controlled Group shall receive any unfavorable determination letter from the
Internal Revenue Service regarding the qualification of a Plan under Section 401(a) of the Code, together with copies of each such letter; (vii) any Borrower or any member of the Controlled Group shall receive a notice regarding the
imposition of withdrawal liability, together with copies of each such notice; (viii) any Borrower or any member of the Controlled Group shall fail to make a required installment or any other required payment under the Code or ERISA on or before
the due date for such installment or payment; or (ix) any Borrower or any member of the Controlled Group knows that (a) a Multiemployer Plan has been terminated, (b) the administrator or plan sponsor of a Multiemployer Plan intends to
terminate a Multiemployer Plan, (c) the PBGC has instituted or will institute proceedings under Section 4042 of ERISA to terminate a Multiemployer Plan or (d) a Multiemployer Plan is subject to Section 432 of the Code or
Section 305 of ERISA. 

  
 112 

 9.17. Additional Documents. Execute and deliver to Agent, upon request, such documents and
agreements as Agent may, from time to time, reasonably request to carry out the purposes, terms or conditions of this Agreement. 
  

	X.	EVENTS OF DEFAULT. 

 The occurrence of any one or more of the following events shall constitute
an “Event of Default”: 
 10.1. Nonpayment. Failure by any Borrower to (a) pay any principal on the Obligations when
due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or (b) pay when due any other liabilities or make any other payment, fee or charge
provided for herein when due or in any Other Document and such failure to pay when due any amount described in this clause (b) shall continue for three (3) Business Days; 

10.2. Breach of Representation. Any representation or warranty made or deemed made by any Borrower or any Guarantor in this Agreement,
any Other Document or any related agreement or in any certificate, document or financial or other statement furnished at any time in connection herewith or therewith shall prove to have been misleading in any material respect on the date when made
or deemed to have been made; 
 10.3. Financial and other Information. Failure by any Loan Party to (i) furnish financial and
other information pursuant to Sections 9.2, 9.7, 9.8, 9.9, 9.12 or 9.13 when due or when requested which is unremedied for a period of five (5) Business Days, or (ii) promptly permit the inspection, conducted in accordance with the terms
of Section 4.10 of this Agreement, of its books or records; 
 10.4. Judicial Actions. Issuance of a notice of Lien, levy,
assessment, injunction or attachment against any Loan Party’s Inventory, Receivables or against a portion of any Loan Party’s other property, such Lien, levy, assessment, injunction or attachment is not stayed or lifted within thirty
(30) days, and the imposition or issuance thereof is reasonably likely to have a Material Adverse Effect; 
 10.5.
Noncompliance. (a) failure or neglect of any Borrower or any Guarantor to perform, keep or observe any term, provision, condition, or covenant contained in any of Sections 2.22, 4.1, 4.2, 4.3, 4.4, 4.5, 4.15(h) and 6.5, or Article VII
(other than 7.15), and any Sections 9.1, 9.4, 9.5 and 9.15 of this Agreement, and (b) except as otherwise provided in Sections 10.1, 10.3 and 10.5(a), failure or neglect of any Loan Party to perform, keep or observe any term, provision,
condition or covenant, contained in this Agreement or in any Other Agreement which is not cured within thirty (30) days after the earlier of the date on which (i) a Responsible Officer of a Loan Party becomes aware of such failure and
(ii) notice thereof shall have been given to the Borrowers by the Agent; 

  
 113 

 10.6. Judgments. Any judgment or judgments are rendered against any Borrower or any
Guarantor for an aggregate amount in excess of $4.000,000 or against all Borrowers or Guarantors for an aggregate amount in excess of $4,000,000 and (a) enforcement proceedings shall have been commenced by a creditor upon such judgment,
(b) there shall be any period of forty-five (45) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, shall not be in effect, or (c) any such judgment results in the
creation of a Lien upon any of the Collateral (other than a Permitted Encumbrance); provided, however, that any such judgment shall not give rise to an Event of Default under this Section 10.6 for so long as (i) the amount of
such judgment is covered by a valid and binding policy of insurance between the defendant and the insurer covering full payment thereof and (ii) such insurer has been notified, and has not disputed the claim made for payment, of the amount of
such judgment, order, award or settlement; 
 10.7. Bankruptcy. Any Borrower or any Guarantor or any Restricted Subsidiary of any
Borrower or any Guarantor shall (a) apply for, consent to or suffer the appointment of, or the taking of possession by, a receiver, custodian, trustee, liquidator or similar fiduciary of itself or of all or a substantial part of its property,
(b) make a general assignment for the benefit of creditors, (c) commence a voluntary case under any state or federal bankruptcy laws (as now or hereafter in effect), (d) be adjudicated a bankrupt or insolvent, (e) file a petition
seeking to take advantage of any other law providing for the relief of debtors, (f) acquiesce to, or fail to have dismissed, within forty-five (45) days, any petition filed against it in any involuntary case under such bankruptcy laws, or
(g) take any action for the purpose of effecting any of the foregoing; 
 10.8. Inability to Pay. Any Loan Party shall admit in
writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business; 
 10.9.
[Reserved]. 
 10.10. Lien Priority. Any Lien created hereunder or provided for hereby or under any Other Document for any
reason (other than the failure of Agent to make required filings or take required actions based on accurate information timely provided by the Loan Parties) ceases to be or is not a valid and perfected Lien having a first priority interest, which
failure to be valid, perfected or having the priority required (x) involves Collateral with a fair market value in excess of $50,000 or (y) is not cured within five (5) Business Days after the earlier of the date on which (i) a
Responsible Officer of a Loan Party becomes aware of such failure and (ii) notice thereof shall have been given to any Borrower by the Agent; 

10.11. Cross Default. Any specified “event of default” under either (A) the Term Loan Facility or (B) to the extent
having an aggregate outstanding principal amount in excess of $7,500,000, any other Indebtedness of any Loan Party (Indebtedness under either clause (A) or (B), “Subject Indebtedness”), or any other event or circumstance which
would permit the holder of such Subject Indebtedness to accelerate such Indebtedness (and/or the obligations of the Loan Party thereunder) prior to the scheduled maturity or termination thereof, shall occur (regardless of whether the holder of such
Subject Indebtedness shall actually accelerate, terminate or otherwise exercise any rights or remedies with respect to such Indebtedness), in any such case after giving effect to any applicable notice, grace or cure periods; 

  
 114 

 10.12. Termination of Guaranty or Guaranty Security Agreement. Termination (other than in
accordance with the terms thereof) by any Guarantor of any Guaranty, Guaranty Security Agreement or similar agreement executed and delivered to Agent in connection with the Obligations of any Borrower, or if any Guarantor attempts to terminate,
challenges the validity of, or its liability under, any such Guaranty, Guaranty Security Agreement or similar agreement; 
 10.13. Change
of Ownership. Any Change of Control shall occur; 
 10.14. Invalidity. Any material provision of this Agreement or any Other
Document shall, for any reason, cease to be valid and binding on any Borrower or any Guarantor (except in accordance with its terms), or any Borrower or any Guarantor shall so claim in writing to Agent or any Lender; 

10.15. Reserved; 
 10.16.
Seizures. Any material portion of the Collateral shall be seized or taken by a Governmental Body which results in Liquidity being less than $7,500,000 for a period of thirty (30) consecutive days; 

10.17. Reserved; 
 10.18.
Pension Plans. An event or condition specified in Section 7.15 hereof shall occur or exist with respect to any Plan and, as a result of such event or condition, together with all other such events or conditions, any Borrower or any
member of the Controlled Group shall incur, a liability to a Plan or the PBGC (or both) which would have or be reasonably likely to have a Material Adverse Effect; or 

10.19. Anti-Money Laundering/International Trade Law Compliance. Any representation or warranty contained in Section 16.18 is or
becomes false or misleading at any time. 
  

	XI.	LENDERS’ RIGHTS AND REMEDIES AFTER DEFAULT. 

 11.1. Rights and Remedies. 

(a) Upon the occurrence and during the continuance of: (i) an Event of Default pursuant to Section 10.7 all Obligations shall be
immediately due and payable and this Agreement and the obligation of Lenders to make Advances shall be deemed terminated; (ii) any of the other Events of Default, at the option of Required Lenders all Obligations shall be immediately due and
payable and Lenders shall have the right to terminate this Agreement and to terminate the obligation of Lenders to make Advances; and (iii) without limiting Section 8.2 hereof, any Default under Sections 10.7(f) hereof arising from a
filing of a petition against any Loan Party in any involuntary case under any state or federal bankruptcy laws, the obligation of Lenders to make Advances hereunder shall be suspended until such time as such involuntary petition shall be dismissed
or an Event of Default under Section 10.7 shall occur. Upon the occurrence and during the continuance of any Event of Default, Agent shall have the right to exercise any and all rights and remedies provided for herein, under the Other
Documents, under 

  
 115 

 
the Uniform Commercial Code and at law or equity generally, including the right to foreclose the security interests granted herein and to realize upon any Collateral by any available judicial
procedure and/or to take possession of and sell any or all of the Collateral with or without judicial process. Upon the occurrence and during the continuance of any Event of Default, Agent may enter any of any Loan Party’s premises or other
premises without legal process and without incurring liability to any Loan Party therefor, and Agent may thereupon, or at any time thereafter, in its discretion without notice or demand, take the Collateral and remove the same to such place as Agent
may deem advisable and Agent may require Loan Parties to make the Collateral available to Agent at a convenient place. Upon the occurrence and during the continuance of any Event of Default, with or without having the Collateral at the time or place
of sale, Agent may sell the Collateral, or any part thereof, at public or private sale, at any time or place, in one or more sales, at such price or prices, and upon such terms, either for cash, credit or future delivery, as Agent may elect. Except
as to that part of the Collateral which is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, Agent shall give Loan Parties reasonable notification of such sale or sales, it being agreed
that in all events written notice mailed to Borrowing Agent at least ten (10) days prior to such sale or sales is reasonable notification. At any public sale Agent or any Lender may bid for and become the purchaser, and Agent, any Lender or any
other purchaser at any such sale thereafter shall hold the Collateral sold absolutely free from any claim or right of whatsoever kind, including any equity of redemption and all such claims, rights and equities are hereby expressly waived and
released by each Loan Party. In connection with the exercise of the foregoing remedies, including the sale of Inventory, at such time as Agent shall be lawfully entitled to exercise such remedies, and for no other purpose. Agent is granted a
perpetual nonrevocable, royalty free, nonexclusive license and Agent is granted permission to use all of each Loan Party’s (a) trademarks, trade styles, tradenames, patents, patent applications, copyrights, service marks, licenses,
franchises and other proprietary rights which are used or useful in connection with Inventory for the purpose of marketing, advertising for sale and selling or otherwise disposing of such Inventory and (b) Equipment for the purpose of
completing the manufacture of unfinished goods. The cash proceeds realized from the sale of any Collateral shall be applied to the Obligations in the order set forth in Section 11.6 hereof. Noncash proceeds will only be applied to the
Obligations as they are converted into cash. If any deficiency shall arise, Loan Parties shall remain liable to Agent and Lenders therefor. 

(b) To the extent that Applicable Law imposes duties on Agent to exercise remedies in a commercially reasonable manner, each Loan Party
acknowledges and agrees that it is not commercially unreasonable for Agent: (i) to fail to incur expenses reasonably deemed significant by Agent to prepare Collateral for disposition or otherwise to complete raw material or work in process into
finished goods or other finished products for disposition; (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party
consents for the collection or disposition of Collateral to be collected or disposed of; (iii) to fail to exercise collection remedies against Customers or other Persons obligated on Collateral or to remove Liens on or any adverse claims
against Collateral; (iv) to exercise collection remedies against Customers and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists; (v) to advertise dispositions of
Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature; (vi) to contact other 

  
 116 

 
Persons, whether or not in the same business as any Loan Party, for expressions of interest in acquiring all or any portion of such Collateral; (vii) to hire one or more professional
auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature; (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the
Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets; (ix) to dispose of assets in wholesale rather than retail markets; (x) to disclaim disposition warranties, such as title, possession
or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure Agent against risks of loss, collection or disposition of Collateral or to provide to Agent a guaranteed return from the collection or disposition of Collateral; or
(xii) to the extent deemed appropriate by Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Agent in the collection or disposition of any of the Collateral. Each Loan Party
acknowledges that the purpose of this Section 11.1(b) is to provide non-exhaustive indications of what actions or omissions by Agent would not be commercially unreasonable in Agent’s exercise of remedies against the Collateral and that
other actions or omissions by Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 11.1(b). Without limitation upon the foregoing, nothing contained in this Section 11.1(b) shall be
construed to grant any rights to any Loan Party or to impose any duties on Agent that would not have been granted or imposed by this Agreement or by Applicable Law in the absence of this Section 11.1(b). 

11.2. Agent’s Discretion. Agent shall have the right in its sole discretion to determine which rights, Liens, security interests
or remedies Agent may at any time pursue, relinquish, subordinate, or modify or to take any other action with respect thereto and such determination will not in any way modify or affect any of Agent’s or Lenders’ rights hereunder. 

11.3. Setoff. Subject to Section 14.12, in addition to any other rights which Agent or any Lender may have under Applicable Law,
upon the occurrence and during the continuance of an Event of Default hereunder, Agent and such Lender shall have a right, immediately and without notice of any kind, to apply any Loan Party’s property held by Agent and such Lender to reduce
the Obligations. 
 11.4. Rights and Remedies not Exclusive. The enumeration of the foregoing rights and remedies is not intended to
be exhaustive and the exercise of any rights or remedy shall not preclude the exercise of any other right or remedies provided for herein or otherwise provided by law, all of which shall be cumulative and not alternative. 

11.5. Equity Cure Right. Notwithstanding the provisions of Section 10.5 or this Article XI to the contrary, any Original
Owner or any of its Affiliates may, but shall not be obligated to, cure any potential Event of Default under Section 6.5 (such Event of Default, a “Financial Covenant Default”) by making a capital contribution into Holdings in
the form of new cash equity contributions or the provision of Holdings of the cash proceeds of unsecured Subordinated Indebtedness in an aggregate amount, in either case, equal to the amount that, when added to EBITDA on a dollar-for-dollar basis
for the relevant testing period, would have caused the Borrowers to be in full compliance with Section 6.5 for such testing period (each, an “Equity Cure”); provided that (a) such Equity Cure must be effected no
later than ten (10) days after the delivery of the Compliance Certificate describing the applicable Financial Covenant Default (or 

  
 117 

 
the date on which such Compliance Certificate was required to have been delivered to the Agent), (b) no more than one (1) Equity Cure may be made in respect of any four-quarter fiscal
period, (c) no more than two (2) Equity Cures may be made during the term of this Agreement, (d) the amount of such Equity Cure may not exceed the aggregate amount necessary to cure the Financial Covenant Default and (e) on the
date of such Equity Cure, Borrowers shall have Undrawn Availability, calculated on an average basis for the period of ten (10) consecutive Business Days ending on such date, of not less than $2,500,000. Upon the receipt by Holdings of each such
Equity Cure, each such Financial Covenant Default shall be recalculated giving effect to the following pro forma adjustments: 
 (a) EBITDA
shall be increased, solely for the purpose of determining the existence of an Event of Default under Section 6.5 (and not pro forma compliance with Section 6.5 required by any other provision of this Agreement), with respect to the
relevant four-quarter fiscal period and all future four-quarter fiscal periods that includes the fiscal quarter in respect of which such Equity Cure was made; and 

(b) if, after giving effect to the foregoing recalculations, Borrowers shall then be in compliance with the requirements of Section 6.5,
Borrowers shall be deemed to have satisfied the requirements of Section 6.5 (solely for purposes of determining compliance with Section 6.5, and not pro forma compliance with Section 6.5 required by any other provision of this
Agreement, with the same effect as though there had been no failure to comply therewith, and the Financial Covenant Default that had occurred shall be deemed not to have occurred for purposes of this Agreement and the Other Documents. 

11.6. Allocation of Payments After Event of Default. Notwithstanding any other provisions of this Agreement to the contrary, after the
occurrence and during the continuance of an Event of Default, all amounts collected or received by Agent on account of the Obligations or any other amounts outstanding under any of the Other Documents or in respect of the Collateral may, at
Agent’s discretion, be paid over or delivered as follows: 
 FIRST, to the payment of all reasonable and documented out-of-pocket costs
and expenses (including reasonable and documented attorneys’ fees, which shall be limited to one outside counsel and one local counsel in each relevant jurisdiction) of Agent in connection with enforcing its rights and the rights of Lenders
under this Agreement and the Other Documents and any protective advances made by Agent with respect to the Collateral under or pursuant to the terms of this Agreement; 

SECOND, to payment of any fees owed to Agent; 

THIRD, to the payment of all reasonable and documented out-of-pocket costs and expenses (including reasonable and documented attorneys’
fees, which shall be limited to one outside counsel and one local counsel in each relevant jurisdiction for each Lender) of each of the Lenders to the extent owing to such Lender pursuant to the terms of this Agreement; 

FOURTH, to the payment of all of the Obligations consisting of accrued fees and interest; 

  
 118 

 FIFTH, to the payment of the outstanding principal amount of the Obligations (including the
payment or cash collateralization of any outstanding Letters of Credit as provided for in Section 3.2(b)); 
 SIXTH, to all other
Obligations (other than unasserted contingent indemnification obligations for which no claim has been asserted) and other obligations which shall have become due and payable under the Other Documents or otherwise and not repaid pursuant to clauses
“FIRST” through “FIFTH” above; and 
 SEVENTH, to the payment of the surplus, if any, to whoever may be lawfully
entitled to receive such surplus. 
 In carrying out the foregoing, (i) amounts received shall be applied in the numerical order
provided until exhausted prior to application to the next succeeding category; (ii) each of Lenders shall receive (so long as it is not a Defaulting Lender) an amount equal to its pro rata share (based on the proportion that the then
outstanding Advances held by such Lender bears to the aggregate then outstanding Advances) of amounts available to be applied pursuant to clauses “FOURTH”, “FIFTH” and “SIXTH” above; (iii) to the extent that any
amounts available for distribution pursuant to clause “FIFTH” above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the Agent as cash collateral as provided for in
Section 3.2(b) hereof and applied (A) first, to reimburse the Issuer from time to time for any drawings under such Letters of Credit and (B) then, following the expiration of all Letters of Credit, to all other obligations of the
types described in clauses “FIFTH” and “SIXTH” above in the manner provided in this Section 11.6, and (iv) notwithstanding anything to the contrary in this Section 11.6, no CEA Swap Obligations of any
Non-Qualifying Party shall be paid with amounts received from such Non-Qualifying Party under its Guaranty (including sums received as a result of the exercise of remedies with respect to such Guaranty) or from the proceeds of such Non-Qualifying
Party’s Collateral if such CEA Swap Obligations would constitute Excluded Hedge Liabilities, provided, however, that to the extent possible appropriate adjustments shall be made with respect to payments and/or the proceeds of Collateral from
other Borrowers and/or Guarantors that are Eligible Contract Participants with respect to such CEA Swap Obligations to preserve the allocation to Obligations otherwise set forth above in this Section 11.6. 

 

	XII.	WAIVERS AND JUDICIAL PROCEEDINGS. 

 12.1. Waiver of Notice. Each Loan Party hereby waives
notice of non-payment of any of the Receivables, demand, presentment, protest and notice thereof with respect to any and all instruments, notice of acceptance hereof, notice of loans or advances made, credit extended, Collateral received or
delivered, or any other action taken in reliance hereon, and all other demands and notices of any description, except such as are expressly provided for herein. 

12.2. Delay. No delay or omission on Agent’s or any Lender’s part in exercising any right, remedy or option shall operate as
a waiver of such or any other right, remedy or option or of any Default or Event of Default. 

  
 119 

 12.3. Jury Waiver. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL
BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL
TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE AND EACH PARTY HEREBY CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS
AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENTS OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

 

	XIII.	EFFECTIVE DATE AND TERMINATION. 

 13.1. Term. This Agreement, which shall inure to the
benefit of and shall be binding upon the respective successors and permitted assigns of each Loan Party, Agent and each Lender, shall become effective on the date hereof and shall continue in full force and effect until January 8, 2019 (the
“Term”) unless sooner terminated as herein provided. Borrowers may terminate this Agreement at any time upon thirty (30) days’ prior written notice upon payment in full of the Obligations; provided that a notice of
termination delivered by Borrowing Agent may state that such notice is conditioned upon the effectiveness of other credit facilities or the closing of a securities offering or the consummation of a Change of Control or a similar transaction, in
which case such notice may be revoked by Borrowing Agent if such condition is not satisfied. 
 13.2. Termination. The termination of
the Agreement shall not affect Agent’s or any Lender’s rights, or any of the Obligations having their inception prior to the effective date of such termination, and the provisions hereof shall continue to be fully operative until all
transactions entered into, rights or interests created or Obligations have been fully paid, disposed of, concluded or liquidated. The security interests, Liens and rights granted to Agent and Lenders hereunder and the financing statements filed
hereunder shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that Borrowers’ Account may from time to time be temporarily in a zero or credit position, until all of the Obligations of each
Loan Party have been paid in full. Accordingly, each Loan Party waives any rights which it may have under the Uniform Commercial Code to demand the filing of termination statements with respect to the Collateral, and Agent shall not be required to
send such termination statements to each Loan Party, or to file them with any filing office, unless and until this Agreement shall have been terminated in accordance with its terms and all Obligations have been paid in full in immediately available
funds. All representations, warranties, covenants, waivers and agreements contained herein shall survive termination hereof until all Obligations are paid in full. 

  
 120 

	XIV.	REGARDING AGENT. 

 14.1. Appointment. Each Lender hereby designates PNC to act as Agent
for such Lender under this Agreement and the Other Documents. Each Lender hereby irrevocably authorizes Agent to take such action on its behalf under the provisions of this Agreement and the Other Documents and to exercise such powers and to perform
such duties hereunder and thereunder as are specifically delegated to or required of Agent by the terms hereof and thereof and such other powers as are reasonably incidental thereto and Agent shall hold all Collateral, payments of principal and
interest, fees (except the fees set forth in Sections 3.3(a) and 3.4, charges and collections (without giving effect to any collection days) received pursuant to this Agreement, for the ratable benefit of Lenders. Agent may perform any of its duties
hereunder by or through its agents or employees. As to any matters not expressly provided for by this Agreement (including collection of the Note) Agent shall not be required to exercise any discretion or take any action, but shall be required to
act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding; provided, however, that Agent shall not be required to
take any action which exposes Agent to liability or which is contrary to this Agreement or the Other Documents or Applicable Law unless Agent is furnished with an indemnification reasonably satisfactory to Agent with respect thereto. 

14.2. Nature of Duties. Agent shall have no duties or responsibilities except those expressly set forth in this Agreement and the Other
Documents. Neither Agent nor any of its officers, directors, employees or agents shall be (a) liable for any action taken or omitted by them as such hereunder or in connection herewith, unless caused by their gross (not mere) negligence or
willful misconduct (as determined by a court of competent jurisdiction in a final non-appealable judgment), or (b) responsible in any manner for any recitals, statements, representations or warranties made by any Loan Party or any officer
thereof contained in this Agreement, or in any of the Other Documents or in any certificate, report, statement or other document referred to or provided for in, or received by Agent under or in connection with, this Agreement or any of the Other
Documents or for the value, validity, effectiveness, genuineness, due execution, enforceability or sufficiency of this Agreement, or any of the Other Documents or for any failure of any Loan Party to perform its obligations hereunder or under any
Other Document. Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any of the Other Documents, or to inspect
the properties, books or records of any Loan Party. The duties of Agent as respects the Advances to Loan Parties shall be mechanical and administrative in nature; Agent shall not have by reason of this Agreement a fiduciary relationship in respect
of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agent any obligations in respect of this Agreement or under any Other Document except as expressly set forth herein. 

14.3. Lack of Reliance on Agent and Resignation. Independently and without reliance upon Agent or any other Lender, each Lender has
made and shall continue to make (a) its own independent investigation of the financial condition and affairs of each Borrower and each Guarantor in connection with the making and the continuance of the Advances hereunder and the taking or not
taking of any action in connection herewith, and (b) its own appraisal of the 

  
 121 

 
creditworthiness of each Borrower and each Guarantor. Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other
information with respect thereto, whether coming into its possession before making of the Advances or at any time or times thereafter except as shall be provided by any Borrower pursuant to the terms hereof. Agent shall not be responsible to any
Lender for any recitals, statements, information, representations or warranties herein or in any agreement, document, certificate or a statement delivered in connection with or for the execution, effectiveness, genuineness, validity, enforceability,
collectibility or sufficiency of this Agreement or any Other Document, or of the financial condition of any Borrower or any Guarantor, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions
or conditions of this Agreement, the Note, the Other Documents or the financial condition of any Borrower, or the existence of any Event of Default or any Default. 

Agent may resign on sixty (60) days’ written notice to each of Lenders and Borrowing Agent and upon such resignation, the Required
Lenders will promptly designate a successor Agent reasonably satisfactory to Borrowers. 
 Any such successor Agent shall succeed to the
rights, powers and duties of Agent, and the term “Agent” shall mean such successor agent effective upon its appointment, and the former Agent’s rights, powers and duties as Agent shall be terminated, without any other or further act
or deed on the part of such former Agent. After any Agent’s resignation as Agent, the provisions of this Article XIV shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement. 

14.4. Certain Rights of Agent. If Agent shall request instructions from Lenders with respect to any act or action (including failure to
act) in connection with this Agreement or any Other Document, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from the Required Lenders; and Agent shall not incur
liability to any Person by reason of so refraining. Without limiting the foregoing, Lenders shall not have any right of action whatsoever against Agent as a result of its acting or refraining from acting hereunder in accordance with the instructions
of the Required Lenders. 
 14.5. Reliance. Agent shall be entitled to rely, and shall be fully protected in relying, upon any note,
writing, resolution, notice, statement, certificate, telex, teletype or telecopier message, cablegram, order or other document or telephone message believed by it to be genuine and correct and to have been signed, sent or made by the proper person
or entity, and, with respect to all legal matters pertaining to this Agreement and the Other Documents and its duties hereunder, upon advice of counsel selected by it. Agent may employ agents and attorneys-in-fact and shall not be liable for the
default or misconduct of any such agents or attorneys-in-fact selected by Agent with reasonable care. 
 14.6. Notice of Default.
Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder or under the Other Documents, unless Agent has received notice from a Lender or Borrowing Agent referring to this Agreement or the
Other Documents, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent receives such a notice, Agent shall give notice thereof to Lenders. Agent shall take such action
with respect to such Default or Event of Default 

  
 122 

 
as shall be reasonably directed by the Required Lenders; provided, that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such
action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of Lenders. 

14.7. Indemnification. To the extent Agent is not reimbursed and indemnified by Loan Parties, each Lender will reimburse and indemnify
Agent in proportion to its respective portion of the Advances (or, if no Advances are outstanding, according to its Commitment Percentage), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against Agent in performing its duties hereunder, or in any way relating to or arising out of this Agreement or any Other Document;
provided that, Lenders shall not be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from Agent’s gross (not mere) negligence or
willful misconduct (as determined by a court of competent jurisdiction in a final non-appealable judgment). 
 14.8. Agent in its
Individual Capacity. With respect to the obligation of Agent to lend under this Agreement, the Advances made by it shall have the same rights and powers hereunder as any other Lender and as if it were not performing the duties as Agent specified
herein; and the term “Lender” or any similar term shall, unless the context clearly otherwise indicates, include Agent in its individual capacity as a Lender. Agent may engage in business with any Borrower as if it were not performing the
duties specified herein, and may accept fees and other consideration from any Borrower for services in connection with this Agreement or otherwise without having to account for the same to Lenders. 

14.9. Delivery of Documents. To the extent Agent receives financial statements required under Sections 9.7, 9.8, 9.9, 9.12 and 9.13 or
Borrowing Base Certificates from any Borrower pursuant to the terms of this Agreement which any Borrower is not obligated to deliver to each Lender, Agent will promptly furnish such documents and information to Lenders. 

14.10. Borrowers’ Undertaking to Agent. Without prejudice to their respective obligations to Lenders under the other provisions of
this Agreement, each Borrower hereby undertakes with Agent to pay to Agent from time to time on demand all amounts from time to time due and payable by it for the account of Agent or Lenders or any of them pursuant to this Agreement to the extent
not already paid. Any payment made pursuant to any such demand shall pro tanto satisfy the relevant Borrower’s obligations to make payments for the account of Lenders or the relevant one or more of them pursuant to this Agreement. 

14.11. No Reliance on Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor
any of its Affiliates, participants or assignees, may rely on Agent to carry out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant
to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any programs involving
any of the following items relating to or in connection with any Loan Party, its Affiliates or its agents, this Agreement, the Other 

  
 123 

 
Documents or the transactions hereunder or contemplated hereby: (a) any identity verification procedures, (b) any record-keeping, (c) comparisons with government lists,
(d) customer notices or (e) other procedures required under the CIP Regulations or such other laws. 
 14.12. Other
Agreements. Each of the Lenders agrees that it shall not, without the express consent of Agent, and that it shall, to the extent it is lawfully entitled to do so, upon the request of Agent, set off against the Obligations, any amounts owing by
such Lender to any Borrower or any deposit accounts of any Borrower now or hereafter maintained with such Lender. Anything in this Agreement to the contrary notwithstanding, each of the Lenders further agrees that it shall not, unless specifically
requested to do so by Agent, take any action to protect or enforce its rights arising out of this Agreement or the Other Documents, it being the intent of Lenders that any such action to protect or enforce rights under this Agreement and the Other
Documents shall be taken in concert and at the direction or with the consent of Agent or Required Lenders. 
  

	XV.	BORROWING AGENCY. 

 15.1. Borrowing Agency Provisions. 

(a) Each Borrower hereby irrevocably designates Borrowing Agent to be its attorney and agent and in such capacity to borrow, sign and endorse
notes, and execute and deliver all instruments, documents, writings and further assurances now or hereafter required hereunder, on behalf of such Borrower or Borrowers, and hereby authorizes Agent to pay over or credit all loan proceeds hereunder in
accordance with the request of Borrowing Agent. 
 (b) The handling of this credit facility as a co-borrowing facility with a borrowing
agent in the manner set forth in this Agreement is solely as an accommodation to Borrowers and at their request. Neither Agent nor any Lender shall incur liability to Borrowers as a result thereof. To induce Agent and Lenders to do so and in
consideration thereof, each Borrower hereby indemnifies Agent and each Lender and holds Agent and each Lender harmless from and against any and all liabilities, expenses, losses, damages and claims of damage or injury asserted against Agent or any
Lender by any Person arising from or incurred by reason of the handling of the financing arrangements of Borrowers as provided herein, reliance by Agent or any Lender on any request or instruction from Borrowing Agent or any other action taken by
Agent or any Lender with respect to this Section 15.1 except due to willful misconduct or gross (not mere) negligence by the indemnified party (as determined by a court of competent jurisdiction in a final and non-appealable judgment). 

(c) All Obligations shall be joint and several, and each Borrower shall make payment upon the maturity of the Obligations by acceleration or
otherwise, and such obligation and liability on the part of each Borrower shall in no way be affected by any extensions, renewals and forbearance granted to Agent or any Lender to any Borrower, failure of Agent or any Lender to give any Borrower
notice of borrowing or any other notice, any failure of Agent or any Lender to pursue or preserve its rights against any Borrower, the release by Agent or any Lender of any Collateral now or thereafter acquired from any Borrower, and such agreement
by each Borrower to pay upon any notice issued pursuant thereto is unconditional and unaffected by prior recourse by Agent or any Lender to the other Borrowers or any Collateral for such Borrower’s Obligations or the lack thereof. Each Borrower
waives all suretyship defenses. 

  
 124 

 15.2. Waiver of Subrogation. Each Borrower expressly waives any and all rights of
subrogation, reimbursement, indemnity, exoneration, contribution of any other claim which such Borrower may now or hereafter have against the other Borrowers or other Person directly or contingently liable for the Obligations hereunder, or against
or with respect to the other Borrowers’ property (including, without limitation, any property which is Collateral for the Obligations), arising from the existence or performance of this Agreement, until termination of this Agreement and
repayment in full of the Obligations. 
  

	XVI.	MISCELLANEOUS. 

 16.1. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York applied to contracts to be performed wholly within the State of New York. Any judicial proceeding brought by or against any Loan Party with respect to any of the Obligations, this Agreement, the
Other Documents or any related agreement may be brought in any court of competent jurisdiction in the City of New York, Borough of Manhattan, State of New York, United States of America, and, by execution and delivery of this Agreement, each Loan
Party accepts for itself and in connection with its properties, generally and unconditionally, the exclusive jurisdiction of the aforesaid courts, and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Agreement.
Each Loan Party hereby waives personal service of any and all process upon it and consents that all such service of process may be made by registered mail (return receipt requested) directed to Borrowing Agent at its address set forth in
Section 16.6 and service so made shall be deemed completed five (5) days after the same shall have been so deposited in the mails of the United States of America, or, at Agent’s option, by service upon Borrowing Agent which each Loan
Party irrevocably appoints as such Loan Party’s Agent for the purpose of accepting service within the State of New York. Nothing herein shall affect the right to serve process in any manner permitted by law or shall limit the right of Agent or
any Lender to bring proceedings against any Loan Party in the courts of any other jurisdiction. Each Loan Party waives any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of
jurisdiction or venue or based upon forum non conveniens. Each Loan Party waives the right to remove any judicial proceeding brought against such Loan Party in any state court to any federal court. Any judicial proceeding by any Loan Party against
Agent or any Lender involving, directly or indirectly, any matter or claim in any way arising out of, related to or connected with this Agreement or any related agreement, shall be brought only in a federal or state court located in the City of New
York, Borough of Manhattan, County of New York, State of New York. 
 16.2. Entire Understanding. 

(a) This Agreement and the documents executed concurrently herewith contain the entire understanding between each Loan Party, Agent and each
Lender and supersedes all prior agreements and understandings, if any, relating to the subject matter hereof. Any promises, representations, warranties or guarantees not herein contained and hereinafter made shall have no force and effect unless in
writing, signed by each Loan Party’s, Agent’s and 

  
 125 

 
each Lender’s respective officers. Neither this Agreement nor any portion or provisions hereof may be changed, modified, amended, waived, supplemented, discharged, cancelled or terminated
orally or by any course of dealing, or in any manner other than by an agreement in writing and in accordance with this Agreement. Each Loan Party acknowledges that it has been advised by counsel in connection with the execution of this Agreement and
Other Documents and is not relying upon oral representations or statements inconsistent with the terms and provisions of this Agreement. 

(b) The Required Lenders, Agent with the consent in writing of the Required Lenders, and Borrowers may, subject to the provisions of this
Section 16.2 (b), from time to time enter into written supplemental agreements to this Agreement or the Other Documents executed by Borrowers, for the purpose of adding or deleting any provisions or otherwise changing, varying or waiving in any
manner the rights of Lenders, Agent or Borrowers thereunder or the conditions, provisions or terms thereof or waiving any Event of Default thereunder, but only to the extent specified in such written agreements; provided, however, that no
such supplemental agreement shall be effective if the effect would: 
 (i) except in connection with any increase pursuant to
Section 2.24 hereof, increase the Commitment Percentage, the maximum dollar commitment of any Lender or the Maximum Revolving Advance Amount unless consented to in writing by each Lender; 

(ii) extend the maturity of any Note or the due date for any amount payable hereunder, or decrease the rate of interest or reduce any fee
payable by Borrowers to Lenders hereunder pursuant to this Agreement, in each case, unless consented to in writing by each Lender; 
 (iii)
alter the definition of the term Required Lenders or alter, amend or modify this Section 16.2(b) unless consented to in writing by each Lender; 

(iv) release (i) any Collateral during any calendar year (other than in accordance with the provisions of this Agreement) having an
aggregate value in excess of $1,000,000 or (ii) any Guarantor (other than in accordance with the provisions of this Agreement) unless consented to in writing by each Lender; 

(v) change the rights and duties of Agent unless consented to in writing by the Required Lenders and Agent; 

(vi) permit any Revolving Advance to be made if after giving effect thereto the total of Revolving Advances outstanding hereunder would
exceed the Formula Amount for more than sixty (60) consecutive Business Days or exceed one hundred and ten percent (110%) of the Formula Amount unless consented to in writing by each Lender; or 

(vii) increase the Advance Rates above the Advance Rates in effect on the Closing Date unless consented to in writing by each Lender. 

Any such supplemental agreement shall apply equally to each Lender and shall be binding upon Loan Parties, Lenders and Agent and all future
holders of the Obligations. In the 

  
 126 

 
case of any waiver, Loan Parties, Agent and Lenders shall be restored to their former positions and rights, and any Event of Default waived shall be deemed to be cured and not continuing, but no
waiver of a specific Event of Default shall extend to any subsequent Event of Default (whether or not the subsequent Event of Default is the same as the Event of Default which was waived), or impair any right consequent thereon. 

In the event that Agent requests the consent of a Lender pursuant to this Section 16.2 and such consent is denied or such Lender does not
respond or reply to Agent within five (5) Business Days of delivery of such request, then PNC shall, at its option or at the request of the Borrowing Agent, require such Lender to assign its interest in the Advances to PNC or to another Lender
or to any other Person designated by Agent (the “Designated Lender”), for a price equal to (i) the then outstanding principal amount thereof plus (ii) accrued and unpaid interest and fees due such Lender, which interest
and fees shall be paid when collected from Borrowers. In the event PNC requires any Lender to assign its interest to PNC or to the Designated Lender, PNC will so notify such Lender in writing within forty five (45) days following such
Lender’s denial, and such Lender will assign its interest to PNC or the Designated Lender no later than five (5) days following receipt of such notice pursuant to a Commitment Transfer Supplement executed by such Lender, PNC or the
Designated Lender, as appropriate, and Agent. 
 Notwithstanding (a) the existence of a Default or an Event of Default, (b) that
any of the other applicable conditions precedent set forth in Section 8.2 hereof have not been satisfied or (c) any other provision of this Agreement, Agent may at its discretion and without the consent of the Required Lenders, voluntarily
permit the outstanding Revolving Advances at any time to exceed the Formula Amount by up to ten percent (10%) of the Formula Amount for up to sixty (60) consecutive Business Days (the “Out-of-Formula Loans”). If Agent
determines in its sole and absolute discretion to permit such Out-of-Formula Loans, such Out-of-Formula Loans shall be payable on demand and shall bear interest at the Default Rate for Revolving Advances consisting of Domestic Rate Loans;
provided that, if Lenders do make Out-of-Formula Loans, neither Agent nor Lenders shall be deemed thereby to have changed the limits of Section 2.1(a). For purposes of this paragraph, the discretion granted to Agent hereunder shall not
preclude involuntary overadvances that may result from time to time due to the fact that the Formula Amount was unintentionally exceeded for any reason, including, but not limited to, Collateral previously deemed to be either “Eligible
Receivables” or “Eligible Inventory”, as applicable, becomes ineligible, collections of Receivables applied to reduce outstanding Revolving Advances are thereafter returned for insufficient funds or overadvances are made to protect or
preserve the Collateral. In the event Agent involuntarily permits the outstanding Revolving Advances to exceed the Formula Amount by more than ten percent (10%), Agent shall use its efforts to have Borrowers decrease such excess in as expeditious a
manner as is practicable under the circumstances and not inconsistent with the reason for such excess. Revolving Advances made after Agent has determined the existence of involuntary overadvances shall be deemed to be involuntary overadvances and
shall be decreased in accordance with the preceding sentence. 
 In addition to (and not in substitution of) the discretionary Revolving
Advances permitted above in this Section 16.2, Agent is hereby authorized by Borrowers and Lenders, from time to time in Agent’s sole discretion, (A) after the occurrence and during the continuance of an Event of Default, or
(B) at any time that any of the other applicable conditions precedent set forth in 

  
 127 

 
Section 8.2 hereof have not been satisfied, to make Revolving Advances to Borrowers on behalf of Lenders which Agent, in its reasonable business judgment, deems necessary or desirable
(a) to preserve or protect the Collateral, or any portion thereof, (b) to enhance the likelihood of, or maximize the amount of, repayment of the Advances and other Obligations, or (c) to pay any other amount chargeable to Borrowers
pursuant to the terms of this Agreement; provided, that at any time after giving effect to any such Revolving Advances the outstanding Revolving Advances do not exceed one hundred and ten percent (110%) of the Formula Amount. 

16.3. Successors and Assigns; Participations; New Lenders. 

(a) This Agreement shall be binding upon and inure to the benefit of Loan Parties, Agent, each Lender, all future holders of the Obligations
and their respective successors and assigns, except that no Loan Party may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of Agent and each Lender. 

(b) Each Loan Party acknowledges that in the regular course of commercial banking business one or more Lenders may at any time and from time
to time sell participating interests in the Advances to other financial institutions (each such transferee or purchaser of a participating interest, a “Participant”). Each Participant may exercise all rights of payment (including
rights of set-off) with respect to the portion of such Advances held by it or other Obligations payable hereunder as fully as if such Participant were the direct holder thereof provided that Borrowers shall not be required to pay to any
Participant more than the amount which it would have been required to pay to Lender which granted an interest in its Advances or other Obligations payable hereunder to such Participant had such Lender retained such interest in the Advances hereunder
or other Obligations payable hereunder and in no event shall Borrowers be required to pay any such amount arising from the same circumstances and with respect to the same Advances or other Obligations payable hereunder to both such Lender and such
Participant. Each Borrower hereby grants to any Participant a continuing security interest in any deposits, moneys or other property actually or constructively held by such Participant as security for the Participant’s interest in the Advances.

 (c) Any Lender, with (i) the consent of Agent which shall not be unreasonably withheld, conditioned or delayed and (ii) in the
case of any sale, assignment or transfer to an entity that is not a Qualified Bank, the consent of Borrowing Agent, which shall not be unreasonably withheld, conditioned or delayed (provided that no such consent of Borrowing Agent shall be
required in any case after the occurrence and during the continuance of an Event of Default), may sell, assign or transfer all or any part of its rights and obligations under or relating to Revolving Advances under this Agreement and the Other
Documents to one or more additional banks or financial institutions and one or more additional banks or financial institutions may commit to make Advances hereunder (each a “Purchasing Lender”), in minimum amounts of not less than
$5,000,000, pursuant to a Commitment Transfer Supplement, executed by a Purchasing Lender, the transferor Lender, and Agent and delivered to Agent for recording. Upon such execution, delivery, acceptance and recording, from and after the transfer
effective date determined pursuant to such Commitment Transfer Supplement, (i) Purchasing Lender thereunder shall be a party hereto and, to the extent provided in such Commitment Transfer Supplement, have the rights and obligations of a Lender
thereunder with a Commitment Percentage as set forth therein, and (ii) the transferor Lender thereunder shall, to the extent 

  
 128 

 
provided in such Commitment Transfer Supplement, be released from its obligations under this Agreement, the Commitment Transfer Supplement creating a novation for that purpose. Such Commitment
Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect the addition of such Purchasing Lender and the resulting adjustment of the Commitment Percentages arising from the purchase by
such Purchasing Lender of all or a portion of the rights and obligations of such transferor Lender under this Agreement and the Other Documents. Each Borrower consents to the addition of such Purchasing Lender and the resulting adjustment of the
Commitment Percentages arising from the purchase by such Purchasing Lender of all or a portion of the rights and obligations of such transferor Lender under this Agreement and the Other Documents made in compliance with this Section 16.3(c).

 (d) Any Lender, with the consent of Agent which shall not be unreasonably withheld, conditioned or delayed, may directly or indirectly
sell, assign or transfer all or any portion of its rights and obligations under or relating to Revolving Advances under this Agreement and the Other Documents to an entity, whether a corporation, partnership, trust, limited liability company or
other entity that (i) is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and (ii) is administered, serviced or managed by the assigning
Lender or an Affiliate of such Lender (a “Purchasing CLO” and together with each Participant and Purchasing Lender, each a “Transferee” and collectively the “Transferees”), pursuant to a Commitment
Transfer Supplement modified as appropriate to reflect the interest being assigned (“Modified Commitment Transfer Supplement”), executed by any intermediate purchaser, the Purchasing CLO, the transferor Lender and Agent as appropriate and
delivered to Agent for recording. Upon such execution and delivery, from and after the transfer effective date determined pursuant to such Modified Commitment Transfer Supplement, (i) Purchasing CLO thereunder shall be a party hereto and, to
the extent provided in such Modified Commitment Transfer Supplement, have the rights and obligations of a Lender thereunder and (ii) the transferor Lender thereunder shall, to the extent provided in such Modified Commitment Transfer Supplement,
be released from its obligations under this Agreement, the Modified Commitment Transfer Supplement creating a novation for that purpose. Such Modified Commitment Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to
the extent, necessary to reflect the addition of such Purchasing CLO. Each Borrower hereby consents to the addition of such Purchasing CLO. Borrowers shall execute and deliver such further documents and do such further acts and things in order to
effectuate the foregoing. Notwithstanding the foregoing or anything to the contrary set forth herein, no assignment or transfer shall be made at any time to any Defaulting Lender or any of its Affiliates or any Person, who, upon becoming a Lender
would constitute a Defaulting Lender. 
 (e) (i) Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower
(solely for tax purposes), maintain at its address a copy of each Commitment Transfer Supplement and Modified Commitment Transfer Supplement delivered to it and a register (the “Register”) for the recordation of the names and
addresses of each Lender and the outstanding principal (and stated interest thereon), accrued and unpaid interest and other fees due hereunder. The entries in the Register shall be conclusive, in the absence of manifest error, and each Borrower,
Agent and Lenders may treat each Person whose name is recorded in the 

  
 129 

 
Register as the owner of the Advance recorded therein for the purposes of this Agreement. The Register shall be available for inspection by Borrowing Agent or any Lender at any reasonable time
and from time to time upon reasonable prior notice. Agent shall receive a fee in the amount of $3,500 payable by the applicable Purchasing Lender and/or Purchasing CLO upon the effective date of each transfer or assignment (other than to an
intermediate purchaser) to such Purchasing Lender and/or Purchasing CLO. An Advance may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register. The Register shall be available for inspection by the
Borrowing Agent and any Lender (with respect to any entry relating to such Lender’s Advances and commitments)at any reasonable time and from time to time upon reasonable prior notice. 

(ii) In the event that any Lender sells participations in any Advance hereunder, such Lender shall, acting solely for this purpose as a
non-fiduciary agent of the Borrower (solely for tax purposes), maintain a register on which it enters the name of all participants in such Advances held by it and the principal amount (and stated interest thereon) of the portion of such Advance
which is the subject of the participation (the “Participant Register”), provided, that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of
any Participant or any information relating to a Participant’s interest in any Advances or other Obligations) except to the extent that such disclosure is necessary to establish that such Advances or other Obligations are in registered form
under Section 5f.103-1(c) of the United States Treasury Regulations. An Advance may be participated in whole or in part only by registration of such participation on the Participant Register. 

(f) Each Borrower authorizes each Lender to disclose to any Transferee and any prospective Transferee any and all financial information in
such Lender’s possession concerning such Borrower which has been delivered to such Lender by or on behalf of such Borrower pursuant to this Agreement or in connection with such Lender’s credit evaluation of such Borrower. 

(g) Any sale, assignment or transfer made by a transferee Lender pursuant to paragraph (c) or (d) of this Section 16.3 shall
include a sale, assignment or transfer of all or a portion of such Lender’s rights and obligations under both the Revolving Advances, to the extent set forth in the applicable Commitment Transfer Supplement or Modified Commitment Transfer
Supplement, as applicable. 
 16.4. Application of Payments. To the extent that any Loan Party makes a payment or Agent or any Lender
receives any payment or proceeds of the Collateral for any Loan Party’s benefit, which are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver,
custodian or any other party under any bankruptcy law, common law or equitable cause, then, to such extent, the Obligations or part thereof intended to be satisfied shall be revived and continue as if such payment or proceeds had not been received
by Agent or such Lender. 
 16.5. Indemnity. Except for taxes (other than Other Taxes) which shall be covered by Section 3.10
only, each Loan Party shall indemnify Agent, each Lender and each of their respective officers, directors, Affiliates, attorneys, employees and agents (each an “Indemnitee” 

  
 130 

 
and, collectively, the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, reasonable and documented out
pocket costs, expenses and disbursements of any kind or nature whatsoever (including reasonable and documented fees and disbursements of counsel, but subject to the number of counsel set forth in the paragraphs labeled “First” and
“Third” in Section 11.6 of this Agreement) which may be imposed on, incurred by, or asserted against Agent or any Lender in any claim, litigation, proceeding or investigation instituted or conducted by any Governmental Body or
instrumentality or any other Person with respect to any aspect of, or any transaction contemplated by, or referred to in, or any matter related to, this Agreement or the Other Documents, whether or not Agent or any Lender is a party thereto, except
to the extent that any of the foregoing arises out of (x) the gross negligence or willful misconduct of the party being indemnified (as determined by a court of competent jurisdiction in a final and non-appealable judgment), or
(y) disputes solely among Agent, Lenders and their respective Participants. Without limiting the generality of the foregoing, this indemnity shall extend to any liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
reasonable and documented out pocket costs, expenses and disbursements of any kind or nature whatsoever (including reasonable and documented fees and disbursements of counsel, but subject to the number of counsel set forth in the paragraphs labeled
“First” and “Third” in Section 11.6 of this Agreement) asserted against or incurred by any of the indemnitees described above in this Section 16.5 by any Person under any Environmental Laws by reason of any Loan
Party’s failure to comply with such Environmental Laws. Additionally, if any stamping, recording or similar taxes (“Other Taxes”) shall be payable by Agent, Lenders or Loan Parties on account of the execution or delivery of
this Agreement, or the execution, delivery, issuance or recording of any of the Other Documents, or the creation or repayment of any of the Obligations hereunder, by reason of any Applicable Law now or hereafter in effect, Loan Parties will pay
within 10 Business Days (or will promptly reimburse Agent and Lenders for payment thereof within 10 Business Days) all such Other Taxes, including interest and penalties thereon, and will indemnify and hold the Indemnitees harmless from and against
all liability in connection therewith provided, that Loan Parties have received written demand therefore specifying in reasonable detail the nature and amount of such taxes. 

16.6. Notice. Any notice or request hereunder may be given to Borrowing Agent or any Loan Party or to Agent or any Lender at their
respective addresses set forth below or at such other address as may hereafter be specified in a notice designated as a notice of change of address under this Section. Any notice, request, demand, direction or other communication (for purposes of
this Section 16.6 only, a “Notice”) to be given to or made upon any party hereto under any provision of this Agreement shall be given or made by telephone or in writing (which includes by means of electronic transmission (i.e.,
“e-mail”) or facsimile transmission or by setting forth such Notice on a site on the World Wide Web (a “Website Posting”) if Notice of such Website Posting (including the information necessary to access such site)
has previously been delivered to the applicable parties hereto by another means set forth in this Section 16.6) in accordance with this Section 16.6. Any such Notice must be delivered to the applicable parties hereto at the addresses and
numbers set forth under their respective names on Section 16.6 hereof or in accordance with any subsequent unrevoked Notice from any such party that is given in accordance with this Section 16.6. Any Notice shall be effective: 

(a) In the case of hand-delivery, when delivered; 

  
 131 

 (b) If given by mail, four days after such Notice is deposited with the United States Postal
Service, with first-class postage prepaid, return receipt requested; 
 (c) In the case of a telephonic Notice, when a party is contacted
by telephone, if delivery of such telephonic Notice is confirmed no later than the next Business Day by hand delivery, a facsimile or electronic transmission, a Website Posting or an overnight courier delivery of a confirmatory Notice (received at
or before noon on such next Business Day); 
 (d) In the case of a facsimile transmission, when sent to the applicable party’s
facsimile machine’s telephone number, if the party sending such Notice receives confirmation of the delivery thereof from its own facsimile machine; 

(e) In the case of electronic transmission, when actually received; 

(f) In the case of a Website Posting, upon delivery of a Notice of such posting (including the information necessary to access such site) by
another means set forth in this Section 16.6; and 
 (g) If given by any other means (including by overnight courier), when actually
received. 
 Any Lender giving a Notice to Borrowing Agent or any Loan Party shall concurrently send a copy thereof to Agent, and Agent
shall promptly notify the other Lenders of its receipt of such Notice. 
  

	 	(A)	If to Agent or PNC at: 

 PNC Bank, National Association 

340 Madison Avenue 
 New York,
NY 10173 
 Attention:      Edward Chonko, Vice President 

Telephone:    (212) 752-6091 

Facsimile:     (212) 303-0060 

with a copy to: 
 PNC Bank,
National Association 
 PNC Agency Services 

PNC Firstside Center 
 500 First
Avenue, 4th Floor 
 Pittsburgh, Pennsylvania 15219 

Attention:      Lisa Pierce 

Telephone:    (412) 762-6442 

Facsimile:     (412) 762-8672 

  
 132 

 with an additional copy to: 

Blank Rome LLP 
 405 Lexington
Avenue 
 New York, New York 10174 

Attn:              Robert Stein 

Telephone:    (212) 885-5206 

Facsimile:     (917) 332-3750 
  

	 	(B)	If to a Lender other than Agent, as specified on the signature pages hereof 

  

	 	(C)	If to Borrowing Agent or any Loan Party: 

 101 Keane Road 

Lewis Run, PA 16738 
 Attention:
     Greg Powell 
 Telephone:    (814) 363-9380 

Facsimile:     (814) 363-9334 

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

Schulte Roth & Zabel LLP 

919 Third Avenue 
 New York, New
York 10022 
 Attention:      Kirby Chin, Esq. 

Telephone:    (212) 756-2555 

Facsimile:     (212)593-5955 

and to: 
 Cerberus Capital
Management 
 875 Third Avenue 

New York, New York 10022 

Attention:      Lisa Gray, Esq. 

Telephone:    (212) 284-7925 

Facsimile:     (212) 750-5212 

16.7. Survival. The obligations of Loan Parties under Sections 2.2(f), 3.7, 3.8, 3.9, 4.19(h), and 16.5 and the obligations of Lenders
under Section 14.7, shall survive termination of this Agreement and the Other Documents and payment in full of the Obligations. 

16.8. Severability. If any part of this Agreement is contrary to, prohibited by, or deemed invalid under Applicable Laws, such
provision shall be inapplicable and deemed omitted to the extent so contrary, prohibited or invalid, but the remainder hereof shall not be invalidated thereby and shall be given effect so far as possible. 

16.9. Expenses. Except for taxes (other than Other Taxes) which shall be solely covered by Section 3.10, all reasonable and
documented costs and expenses including reasonable 

  
 133 

 
and documented attorneys’ fees (but subject to the number of counsel set forth in the paragraphs labeled “First” and “Third” in Section 11.6 of this Agreement) and
disbursements incurred by Agent on its behalf or on behalf of Lenders (a) in all efforts made to enforce payment of any Obligation or effect collection of any Collateral or enforcement of this Agreement or any of the Other Documents, or
(b) in connection with the entering into, modification, amendment and administration of this Agreement or any of the Other Documents or any consents or waivers hereunder or thereunder and all related agreements, documents and instruments, or
(c) in instituting, maintaining, preserving, enforcing and foreclosing on Agent’s security interest in or Lien on any of the Collateral, or maintaining, preserving or enforcing any of Agent’s or any Lender’s rights hereunder or
under any of the Other Documents and under all related agreements, documents and instruments, whether through judicial proceedings or otherwise, or (d) in defending or prosecuting any actions or proceedings arising out of or relating to
Agent’s or any Lender’s transactions with any Borrower, any Guarantor or (e) in connection with any advice given to Agent or any Lender with respect to its rights and obligations under this Agreement or any of the Other Documents and
all related agreements, documents and instruments, may be charged to Borrowers’ Account and shall be part of the Obligations. 
 16.10.
Injunctive Relief. Each Loan Party recognizes that, in the event any Loan Party fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, or threatens to fail to perform, observe or discharge such
obligations or liabilities, any remedy at law may prove to be inadequate relief to Lenders; therefore, Agent, if Agent so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that
actual damages are not an adequate remedy. 
 16.11. Consequential Damages. Neither Agent nor any Lender, nor any agent or attorney
for any of them, shall be liable to any Borrower or any Guarantor (or any Affiliate of any such Person) for indirect, punitive, exemplary or consequential damages arising from any breach of contract, tort or other wrong relating to the
establishment, administration or collection of the Obligations or as a result of any transaction contemplated under this Agreement or any Other Document. 

16.12. Captions. The captions at various places in this Agreement are intended for convenience only and do not constitute and shall not
be interpreted as part of this Agreement. 
 16.13. Counterparts; Facsimile Signatures. This Agreement may be executed in any number
of and by different parties hereto on separate counterparts, all of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement. Any signature delivered by a party by facsimile or
electronic transmission shall be deemed to be an original signature hereto. 
 16.14. Construction. The parties acknowledge that each
party and its counsel have reviewed this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any
amendments, schedules or exhibits thereto. 
 16.15. Confidentiality; Sharing Information. Agent, each Lender and each Transferee
shall hold all non-public information obtained by Agent, such Lender or such Transferee 

  
 134 

 
pursuant to the requirements of this Agreement in accordance with Agent’s, such Lender’s and such Transferee’s customary procedures for handling confidential information of this
nature; provided, however, Agent, each Lender and each Transferee may disclose such confidential information (a) on a confidential basis to its examiners, Affiliates, outside auditors, counsel and other professional advisors, (b) on
a confidential basis to Agent, any Lender or to any prospective Transferees, and (c) as required or requested by any Governmental Body or representative thereof or pursuant to legal process; provided, further that (i) unless
specifically prohibited by Applicable Law, Agent, each Lender and each Transferee shall use its reasonable best efforts prior to disclosure thereof, to notify the applicable Loan Party of the applicable request for disclosure of such non-public
information (A) by a Governmental Body or representative thereof (other than any such request in connection with an examination of the financial condition of a Lender or a Transferee by such Governmental Body) or (B) pursuant to legal
process and (ii) in no event shall Agent, any Lender or any Transferee be obligated to return any materials furnished by any Loan Party other than those documents and instruments in possession of Agent or any Lender in order to perfect its Lien
on the Collateral once the Obligations have been paid in full and this Agreement has been terminated. Each Loan Party acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to such
Loan Party or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Lender or by one or more Subsidiaries or Affiliates of such Lender and each Loan Party hereby authorizes each Lender to share any information
delivered to such Lender by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Lender to enter into this Agreement, to any such Subsidiary or Affiliate of such Lender, it being understood that
any such Subsidiary or Affiliate of any Lender receiving such information shall be bound by the provisions of this Section 16.15 as if it were a Lender hereunder. Such authorization shall survive the repayment of the other Obligations and the
termination of this Agreement. 
 16.16. Publicity. Each Loan Party and each Lender hereby authorizes Agent, after Agent has received
the prior written consent of the Borrowing Agent, to make appropriate announcements of the financial arrangement entered into among Loan Parties, Agent and Lenders, including announcements which are commonly known as tombstones, in such publications
and to such selected parties as Agent shall in its sole and absolute discretion deem appropriate. No Lender may make any such announcement without the prior written consent of Agent and the Borrowing Agent, such consent to be given or withheld in
Agent’s or Borrowing Agent’s sole and absolute discretion. 
 16.17. Certifications From Banks and Participants; USA PATRIOT
Act. 
 (a) Each Lender or assignee or participant of a Lender that is not incorporated under the Laws of the United States of America
or a state thereof (and is not excepted from the certification requirement contained in Section 313 of the USA PATRIOT Act and the applicable regulations because it is both (i) an affiliate of a depository institution or foreign bank that
maintains a physical presence in the United States or foreign country, and (ii) subject to supervision by a banking authority regulating such affiliated depository institution or foreign bank) shall deliver to the Agent the certification, or,
if applicable, recertification, certifying that such Lender is not a “shell” and certifying to other matters as required by Section 313 of the USA PATRIOT Act and the applicable regulations: (1) within ten (10) days after
the Closing Date, and (2) as such other times as are required under the USA PATRIOT Act. 

  
 135 

 (b) The USA PATRIOT Act requires all financial institutions to obtain, verify and record certain
information that identifies individuals or business entities which open an “account” with such financial institution. Consequently, Lender may from time to time request, and Loan Party shall provide to Lender, Loan Partie’s name,
address, tax identification number and/or such other identifying information as shall be necessary for Lender to comply with the USA PATRIOT Act and any other Anti-Terrorism Law. 

16.18. Anti-Terrorism Laws. 

(a) Loan Party represents and warrants that (i) no Covered Entity is a Sanctioned Person and (ii) no Covered Entity, either in its
own right or through any third party, (A) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) does business in or with, or derives any of
its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; or (C) engages in any dealings or transactions prohibited by any Anti-Terrorism Law. 

(b) Loan Party covenants and agrees that (i) no Covered Entity will become a Sanctioned Person, (ii) no Covered Entity, either in
its own right or through any third party, will (A) have any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) do business in or with, or derive
any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; (C) engage in any dealings or transactions prohibited by any Anti-Terrorism Law or (D) use the
Advances to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law, (iii) the funds used to repay the Obligations will not be
derived from any unlawful activity, (iv) each Covered Entity shall comply with all Anti-Terrorism Laws and (v) the Loan Party shall promptly notify the Agent in writing upon the occurrence of a Reportable Compliance Event. 

16.19. Acknowledgement of Prior Obligations and Continuation Thereof. Each Borrower and Guarantor hereby: (a) consents to the
amendment and restatement of the Original Agreement by this Agreement; (b) acknowledges and agrees that (i) its obligations owing to the Agent and the Lenders, and (ii) the prior grant or grants of Liens in favor of Agent for the
benefit of Lenders in its properties and assets, whether under the Original Agreement or under any Other Document to which it is a party, shall also be for the benefit of the Lenders and in respect of the Obligations of such Person under this
Agreement and the Other Documents executed in connection herewith to which it is a party; (c) reaffirms (i) all of its obligations owing to Agent and/or the Lenders, and (ii) all prior grants of Liens in favor of Agent under the
Original Agreement and each Other Document; (d) agrees that, except as expressly amended hereby or in a separate amendment thereto, each of the existing Other Documents to which it is a party is and shall remain in full force and effect and all
references in any such Other Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Original Agreement shall mean the Original Agreement as amended and
restated by this Agreement; and 

  
 136 

 
(e) confirms and agrees that all outstanding principal, interest and fees and other Obligations under the Original Agreement outstanding immediately prior to the Closing Date shall, to the extent
not paid on the Closing Date, from and after the Closing Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the Other Documents as in effect from time to time, shall accrue interest thereon or otherwise be
chargeable, as specified in this Agreement, and shall be secured by this Agreement and the Other Documents. 
 16.20. Intercreditor
Agreement. Notwithstanding anything herein to the contrary, the priority of the Liens granted to the Agent in the Collateral pursuant to this Agreement and the Other Documents and the exercise, after the occurrence and during the continuance of
an Event of Default, of any right or remedy by the Agent or any Lender with respect to certain of the Collateral hereunder or under any Other Document are subject to the provisions of the Intercreditor Agreement. In the event of any direct and
irreconcilable conflict between the terms of the Intercreditor Agreement and this Agreement with respect to (a) the priority of Liens granted to the Agent in the Collateral pursuant to this Agreement and the Other Documents or (b) the
rights of the Agent or any Lender under this Agreement with respect to certain Collateral after the occurrence and during the continuance of an Event of Default, the terms of the Intercreditor Agreement shall govern and control. Any reference in
this Agreement or any Other Document to “first priority lien” or words of similar effect in describing the Liens created hereunder or under any Other Document shall be understood to refer to such priority as set forth in the Intercreditor
Agreement. Nothing in this Section 16.20 shall be construed to provide that any Borrower or Guarantor is a third party beneficiary of the provisions of the Intercreditor Agreement and each Borrower or Guarantor (x) agrees that, except as
expressly otherwise provided in the Intercreditor Agreement, nothing in the Intercreditor Agreement is intended or shall impair the obligation of any Borrower or Guarantor to pay the obligations under this Agreement or any Other Document as and when
the same become due and payable in accordance with their respective terms, or to affect the relative rights of the creditors of any Borrower or Guarantor, other than the Agent and the Lenders as between themselves and (y) if the Agent shall
enforce its rights or remedies in violation of the terms of the Intercreditor Agreement, agrees that it shall not use such violation as a defense to any enforcement of remedies otherwise made in accordance with the terms of this Agreement and the
Other Documents by the Agent or any Lender or assert such violation as a counterclaim or basis for set-off or recoupment against the Agent or any Lender and agrees to abide by the terms of this Agreement and to keep, observe and perform the several
matters and things herein intended to be kept, observed and performed by it. In furtherance of the foregoing, notwithstanding anything to the contrary set forth herein, prior to the Payment In Full of the Term Loan Obligations (each term as defined
in the Intercreditor Agreement) to the extent that any Borrower or Guarantor is required to (i) give physical possession over any Term Loan Priority Collateral to the Agent under this Agreement or the Other Documents, such requirement to give
possession shall be satisfied if such Collateral is delivered to and held by the Term Loan Agent pursuant to the Intercreditor Agreement and (ii) take any other action with respect to the Collateral or any proceeds thereof, including
delivery of such Collateral or proceeds thereof to the Agent, such action shall be deemed satisfied to the extent undertaken with respect to the Term Loan Agent. 

  
 137 

 16.21. Payoff of Term Loans, Release of KGH and Partial Release of Collateral. 

(a) Effective upon receipt by PNC, in its capacity as the Agent under the Original Agreement, on the date hereof of the sum of $42,363,746.44
(the “Term Loan Repayment”), representing the aggregate amount of (x) $42,321,425.00 in principal outstanding as of the date hereof immediately prior to the effectiveness of this Agreement with respect to the Term Loan (as defined in
the Original Agreement) (the “Existing Term Loan”) made available to Frac, Drilling, Frac ND, Keane TX and KGH in their capacities as the “Borrowers” under the Original Agreement (collectively, in such capacities, the
“Existing Borrowers”) and (y) $42,321.44 in interest accrued and outstanding with respect to the Existing Term Loan as of the date hereof immediately prior to the effectiveness of this Agreement, the Existing Term Loan and all
“Obligations” (as defined in the Original Credit Agreement) of the Existing Borrowers relating or arising solely with respect to the Existing Term Loan (the “Existing Term Loan Obligations”) shall be satisfied in full. 

(b) Effective immediately and automatically (with the requirement of any further action by any Person) upon receipt by PNC, in its capacity
as the Agent under the Original Agreement, of the Term Loan Repayment and the effectiveness of this Agreement: 
 (i) All indebtedness,
liabilities and obligations of KGH in its capacity as an Existing Borrower of any kind or nature under the Original Credit Agreement and the “Other Documents” (as defined in the Original Agreement) (the “Existing Other
Documents”) (expressly excluding any indemnification obligations under the Original Credit Agreement and the Existing Other Documents that expressly survive termination thereof) (collectively, the “KGH Obligations”) shall be
deemed satisfied in full, terminated and released; 
 (ii) Any and all Liens of PNC, in its capacity as the Agent under the Original
Agreement, of any kind or nature with respect to the “Collateral” (as defined in the Original Agreement) of KGH (collectively, the “KGH Collateral”) created pursuant to the Original Agreement or any Existing Other Document shall
be released, terminated and cancelled; 
 (iii) Any and all Liens of PNC, in its capacity as the Agent under the Original Agreement, of any
kind or nature with respect to (x) that portion of the “Collateral” (as defined in the Original Agreement) of Frac, Drilling, Frac ND, and Keane TX and (y) that portion of the “Collateral” (as defined in that certain
Guaranty and Suretyship Agreement dated as of July 8, 2011 executed by Kean Frac GP in favor of Agent) of Keane Frac GP (collectively under such clauses (x) and (y) as to each of Frac, Drilling, Frac ND, Keane TX and Keane Frac GP, as
applicable, the “Existing Operating Borrower/GP Collateral”) that does not constitute (as applicable) (A) Collateral (as defined herein) of Frac, Drilling, Frac ND, and Keane TX or (B) “Collateral” (as defined in
that certain Amended and Restated Guaranty and Suretyship Agreement dated as of the date hereof executed by Kean Frac GP and Holdings in favor of Agent (the “A&R Guaranty”)) of Keane Frac GP (collectively under such clauses
(A) and (B) as to each of Frac, Drilling, Frac ND, Keane TX and Keane Frac GP, as applicable, the “Continuing Collateral”; that portion of the Existing Operating Borrower/GP Collateral that does not constitute Continuing
Collateral, collectively as to each of Frac, Drilling, Frac ND, Keane TX and Keane Frac GP, as applicable, the “Released Collateral”) shall be released, terminated and cancelled; provided that, nothing in paragraph (iii) or
otherwise in this Agreement nor the A&R Guaranty shall be deemed or construed under any circumstances to release, terminate, cancel, impair, impact or affect in any way, or to impair, impact or affect in any way the perfection or priority of, or
to constitute any novation of, any of the Liens granted to Agent in the Continuing Collateral by any of Frac, Drilling, Frac ND, Keane TX or Keane Frac GP. 

  
 138 

 (c) Nothing provided for in this Section 16.21 shall be interpreted under any circumstance
to terminate the Original Agreement or any Existing Other Document (except for the release of KGH with respect to the KGH Obligations as provided for herein). Furthermore, nothing provided for in this Section 16.21 shall be interpreted under
any circumstance to provide that receipt by PNC, in its capacity as the Agent under the Original Agreement, of the Term Loan Repayment shall satisfy any indebtedness, obligations or liabilities of the Existing Borrowers under the Original Agreement
and Existing Other Documents other the Existing Term Loan Obligations, all of which such other indebtedness, obligations and liabilities shall continue without any novation as Obligations of the Borrowers under and as defined in this Credit
Agreement, except to the extent any such other indebtedness, obligations and liabilities shall be paid in full in immediately available funds by Borrowers on the date hereof. 

(d) Each of Frac, Drilling, Frac ND, and Keane TX, and KGH and Keane Frac GP by their acknowledgment signatures hereto purely for the
purposes of this Section 16.21, acknowledges and agrees that it has no actual or potential claim or cause of action against PNC in any of its capacities under the Original Agreement and the Existing Other Documents, in any such case arising on
or before the date hereof. As further consideration for the consents and amendments set forth herein, of Frac, Drilling, Frac ND, and Keane TX, and KGH and Keane Frac GP by their acknowledgment signatures hereto purely for the purposes of this
Section 16.21, hereby waives and releases and forever discharges PNC, in all of its capacities under the Original Agreement and the Existing Other Documents, and the officers, directors, attorneys, agents and employees of PNC in such
capacities, from any liability, damage, claim, loss or expense of any kind originating in whole or in part known to any of Frac, Drilling, Frac ND, Keane TX, KGH and/or Keane Frac GP on or before the date hereof that any of Frac, Drilling, Frac ND,
Keane TX, KGH and/or Keane Frac GP may now have against PNC in any of its capacities under the Original Agreement and the Existing Other Documents arising out of or relating to the Existing Credit Agreement or any Existing Other Document. 

[Signatures on next page] 

  
 139 

 Each of the parties has signed this Agreement as of the day and year first above written. 

 

					
	KEANE FRAC, LP
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KS DRILLING, LLC
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer

 
					
	KEANE FRAC ND, LLC
		
	By:	 	Keane Frac, LP, its Managing Member
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KEANE FRAC TX, LLC
		
	By:	 	Keane Frac, LP, its Managing Member
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer

					
	KGH INTERMEDIATE HOLDCO I, LLC
		
	By:	 	Keane Group Holdings, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KGH INTERMEDIATE HOLDCO II, LLC
		
	By:	 	Keane Group Holdings, LLC, its Managing Member
		
	By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer

 
					
	 PNC BANK, NATIONAL ASSOCIATION,

As sole Lender and as Agent

		
	By:	 	 /s/ EDWARD CHONKO

		 	Name:	 	Edward Chonko
		 	Title:	 	Vice President
	
	340 Madison Avenue
	New York, NY 10173
	
	Commitment Percentage Revolver: 100%

					
	ACCEPTED AND AGREED:
	
	    KEANE GROUP HOLDINGS, LLC
		
	    By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	    KEANE FRAC GP, LLC
		
	    By:	 	KGH Intermediate Holdco II, LLC, its Managing Member
		
	    By:	 	KGH Intermediate Holdco I, LLC, its Managing Member
		
	    By:	 	Keane Group Holdings, LLC, its Managing Member
		
	    By:	 	 /s/ GREGORY POWELL

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer

 EXHIBIT 1.2 
  

					
	 PNC Business Credit Revolving Credit, Term Loan and Security Agreement

Borrowing Base Certificate

			
	 Keane Group Holdings, Inc.
	  	Certificate #	  	06/30/2014
		  	Period Ended	  	06/30/2014

 To induce PNC Bank, National Association (“Agent”) to make a loan advance pursuant to the Revolving Credit, Term
Loan and Security 
 Agreement dated as of
                     as well as amendments between the undersigned and Lender, we hereby certify as of the above date, the following: 

 
  

																																																					
	 	 	 	 	 	 	 	From	 	To	 	 	 	 	 	 	Total	 	 	 Keane Frac 

06/21- 06/27
	 	 	 KS Drilling 

06/21- 6/27
	 	 	 Keane Frac 

North Dakota

06/21-6/27
	 	 	 Keane Frac 

TX-UTFS 
 06/21-6/27
	 	 	Keane Frac
06/27-6/30	 	 	 Drill

06/27-6/30
	 	 	 Frac North 

Dakota
06/27-6/30
	 	 	 Keane TX 

06/27- 6/30
	 
		 				 	 Previous Certificate AR Balance
	 		 		 		 				 	$	30,531,137.60	  	 	$	15,007,564.86	  	 	$	1,773,554.03	  	 	$	6,163,400.26	  	 	$	7,586,618.45	  	 				 				 				 			
	 Accounts
Receivable
	 	 	1	  	 		 	06/21/14	 		 		 				 				 				 				 				 				 				 				 				 			
		 	 	2	  	 	 Gross Sales Since Last Certificate
	 	06/21/14	 	06/27/14	 	+	 				 	 	8,864,298.51	  	 	 	4,070,452.74	  	 	 	413,019.03	  	 	 	70,654.43	  	 	 	1,104,525.43	  	 				 				 	 	3,205,646.88	  	 			
		 	 	3	  	 	 Collections Since Last Certificate
	 	06/21/14	 	06/27/14	 	-	 				 	 	(5,417,315.56	) 	 	 	(1,611,843.98	) 	 				 	 	(35,362.86	) 	 				 	 	(3,770,108.72	) 	 				 				 			
		 	 	4	  	 	 Credits Since Last Certificate
	 	06/21/14	 	06/27/14	 	-	 				 	$	0.00	  	 				 				 				 				 				 				 				 			
		 	 	5	  	 	 Other Adjustments
	 	06/21/14	 	06/27/14	 	+/-	 				 	$	0.00	  	 				 				 				 				 				 				 				 			
		 				 	a) Discounts	 	06/21/14	 	06/27/14	 	+/-	 				 	($	18,217.86	) 	 				 				 				 				 	 	(18,217.86	) 	 				 				 			
		 	 	6	  	 	 Non AR Collections
	 	06/21/14	 	06/27/14	 	-	 				 	$	0.00	  	 	 	—  	  	 	 	—  	  	 				 				 				 				 				 			
		 				 		 		 		 		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 	7	  	 	 Total AR Now Being Certified to Bank (Sum of # 1 thru # 6)
	 		 		 		 				 	$	33,959,902.69	  	 	$	17,466,173.62	  	 	$	2,186,573.06	  	 	$	6,198,691.83	  	 	$	8,691,143.88	  	 	($	3,788,326.58	) 	 	$	0.00	  	 	$	3,205,646.88	  	 			
		 	 	8	  	 	 Ineligible AR Per Attached
	 		 		 	-	 				 	 	22,415.86	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	22,415.86	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  
		 				 		 		 		 		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 	9	  	 	 Net Eligible AR ( #
7 - # 8)
	 		 		 		 				 	$	33,937,486.83	  	 	$	17,466,173.62	  	 	$	2,186,573.06	  	 	$	6,198,691.83	  	 	$	8,668,728.02	  	 	($	3,788,326.58	) 	 	$	0.00	  	 	$	3,205,646.88	  	 	$	0.00	  
		 	 	9A	  	 	 Advance Rate
	 		 		 		 				 	 	85	% 	 	 	85	% 	 	 	85	% 	 	 	85	% 	 	 	85	% 	 	 	85	% 	 	 	85	% 	 	 	85	% 	 	 	85	% 
		 				 		 		 		 		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 	10	  	 	 Gross AR Availability
	 		 		 		 				 	$	28,846,863.81	  	 	$	14,846,247.58	  	 	$	1,858,587.10	  	 	$	5,268,888.06	  	 	$	7,368,418.82	  	 	($	3,220,077.59	) 	 	$	0.00	  	 	$	2,724,799.85	  	 	$	0.00	  
		 				 		 		 		 		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
																
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total	 	 	 Keane Frac
	 	 	 Keane & Sons

Drilling
	 	 	 Keane Frac ND
	 	 	 Keane Frac TX
	 	 	 	 	 	 	 	 	 	 	 	 	 
																
	 Inventory
	 	 	11	  	 	 Gross Inventory As Of
	 		 	6/30/14	 		 				 	 	6,559,118.39	  	 	 	5,735,327.52	  	 	 	99,697.89	  	 	 	286,623.68	  	 	 	437,469.30	  	 				 				 				 			
		 	 	12	  	 	 Ineligible Inventory
	 		 	6/30/14	 	-	 				 	 	(2,738,930.45	) 	 	 	(2,526,911.29	) 	 	 	(12,068.64	) 	 	 	(130,334.52	) 	 	 	(69,616.00	) 	 				 				 				 			
		 				 		 		 		 		 				 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 			
		 	 	13	  	 	 Net Eligible Inventory ( # 11 - # 12 )
	 		 		 		 				 	 	3,820,187.94	  	 	 	3,208,416.23	  	 	 	87,629.25	  	 	 	156,289.16	  	 	 	367,853.30	  	 				 				 				 			
		 	 	14	  	 	 Advance Rate
	 		 		 		 				 	 	50.0	% 	 	 	50.0	% 	 	 	50.0	% 	 	 	50.0	% 	 	 	50.0	% 	 				 				 				 			
		 				 		 		 		 		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 			
		 	 	17	  	 	 Inventory Availability before Sublimit
	 		 		 		 				 	 	1,910,093.97	  	 	 	1,604,208.12	  	 	 	43,814.63	  	 	 	78,144.58	  	 	 	183,926.65	  	 				 				 				 			
		 	 	18	  	 	 Inventory Sub limit
	 		 		 		 	$	20,000,000.00	  	 				 				 				 				 				 				 				 				 			
		 				 		 		 		 		 				 	  
	  
	 	 				 				 				 				 				 				 				 			
		 	 	19	  	 	 Adjusted
Inventory Availability (Minimum of # 17 or # 18)
	 		 		 		 				 	 	1,910,093.97	  	 				 				 				 				 				 				 				 			
		 				 		 		 		 		 				 	  
	  
	 	 				 				 				 				 				 				 				 			
																
	 Collateral Reserves
	 	 	20	  	 	 Gross Combined Availability (
# 10 + #19)
	 		 		 		 				 	$	30,756,957.78	  	 				 				 				 				 				 				 				 			
		 	 	21	  	 	 Gross Loan Value (
# 20 - # 21 - # 22)
	 		 		 		 				 	$	30,756,957.78	  	 				 				 				 				 				 				 				 			
		 	 	22	  	 	 Revolver Limit
	 		 		 		 	$
	20,000,000.00
	  
	 				 				 				 				 				 				 				 				 			
		 	 	23	  	 	 Net Loan Value (Minimum of # 22 or # 21)
	 		 		 		 				 	$	20,000,000.00	  	 				 				 				 				 				 				 				 			
		 				 		 		 		 		 				 	  
	  
	 	 				 				 				 				 				 				 				 			
																
	 Loans & Advances
	 	 	24	  	 	 Revolver Loan Balance Per Previous Certificate end 05/30
	 		 		 		 				 	($	4,234,078.16	) 	 				 				 				 				 				 				 				 			
		 	 	25	  	 	 Net Collections Since Last Certificate
	 		 		 	-
	 				 	 	(3,982,108.72	) 	 	 	**** non AR Deposit of $212,000 on 6-27-2014	  	 				 				 				 			
		 	 	26	  	 	 Advance Requested
	 		 		 	+	 				 	 	0.00	  	 				 				 				 	 	Internal Cap Lease-$212,000	  	 				 				 			
		 	 	27	  	 	 Misc. Loan Adjustment
	 		 		 	+/-	 				 	 	4,324.00	  	 				 				 				 				 				 				 				 			
		 	 	28	  	 	 New Loan Balance (Sum of # 25 thru # 27)
	 		 		 		 				 	($	8,211,862.88	) 	 				 				 				 				 				 				 				 			
		 	 	29	  	 	 Purchase Card reserves
	 		 		 		 				 	$	1,000,000.00	  	 				 				 				 				 				 				 				 			
		 	 	30	  	 	 Rent Reserves
	 		 		 	+	 				 	 	0.00	  	 				 				 				 				 				 				 				 			
		 	 	31	  	 	 Revolver Loans & Reserves
(#28 +
#29+#30)
	 		 		 		 				 	($	7,211,862.88	) 	 				 				 				 				 				 				 				 			
		 	 	32	  	 	 Term Loan (if included in
Revolver Limit)
	 		 		 	+	 				 	 	0.00	  	 				 				 				 				 				 				 				 			
		 	 	33	  	 	 Total Loans & Reserves
(# 30 + # 31)
	 		 		 		 				 	($	7,211,862.88	) 	 				 				 				 				 				 				 				 			
		 	 	34	  	 	 Loan Availability
(# 23 - # 32)
	 		 		 		 				 	$	27,211,862.88	  	 				 				 				 				 				 				 				 			
		 	 	35	  	 	 Remaining Revolver Availability
(# 23 - # 30)
	 		 		 		 	$	20,000,000.00	  	 				 				 				 				 				 				 				 				 			
		 	 	36	  	 	 Remaining Line Availability
(# 22 - # 32)
	 		 		 		 	$	20,000,000.00	  	 				 				 				 				 				 				 				 				 			

  
 The
undersigned hereby certifies that the above representations are true and correct and subject to all conditions of the Loan and Security Agreement. 

We also represent that to the best of our knowledge, there does not exist a condition which may precipitate a default under the terms of the Loan and
Security Agreement or any amendment thereto. 
 
  

													
	 	 	 	  	VP & CFO	 	  	7/15/2014	 	  	 
		 	 Authorized Signature, Title
	  				  	 	Date	  	  	
				
		 	 Greg Powell, CFO
	   
	  				  	
		 	 Name of Authorized Signer
  
	  				  				  	
	For Bank Use Only	  	  				  	
		 		  	$	            	  	  				  	
		 	Date of Advance	  	 	Amount	  	  				  	

 EXHIBIT 1.2(a) 

COMPLIANCE CERTIFICATE 
  

	TO:	PNC BANK, NATIONAL ASSOCIATION, as Agent 

 The undersigned, as the [Chief Financial
Officer] [Controller] of KGH INTERMEDIATE HOLDCO II, LLC, a limited liability company organized under the laws of the State of Delaware (the “Borrowing Agent”), certifies, in such capacity and not in his individual capacity,
that, under the terms and conditions of that certain Amended and Restated Revolving Credit and Security Agreement dated as of August 8, 2014 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), by and among KGH INTERMEDIATE HOLDCO I, LLC, a Delaware limited liability company (“Holdco”), the Borrowing Agent, KEANE FRAC, LP, a limited partnership organized under the laws of
the Commonwealth of Pennsylvania (“Frac”), KS DRILLING, LLC, a limited liability company organized under the laws of the State of Delaware (“Drilling”), KEANE FRAC ND, LLC, a Delaware limited liability
company (“Frac ND”), KEANE FRAC TX, LLC, a Delaware limited liability company (“Keane Texas”, together with the Borrowing Agent, Frac, Drilling, and Frac ND, collectively, the
“Borrowers”, and each a “Borrower”), each other Person hereafter joined thereto as a borrower from time to time, the financial institutions which are now or which hereafter become a party thereto as
lenders (collectively, together with their successors and assigns, the “Lenders”) and PNC Bank, National Association, as agent for the Lenders (in such capacity, together with its successors and assigns in such capacity
(including any successor “Agent” appointed under the Credit Agreement), the “Agent”): 
  

	 	(1)	no Default or Event of Default has occurred and/or is continuing under the Credit Agreement [except as specified below under “Comments Regarding Exceptions”] [(if any Default or Event of Default exists, in the
“Comments Regarding Exceptions” section below, specify the Default or Event of Default, its nature, when it occurred, whether it is continuing and the steps being taken by Borrowers with respect to such Default or Event of Default].
Without limiting the foregoing, the undersigned certifies that Borrowers are in compliance with the requirements or restrictions imposed by Sections [6.5,]1 7.4, 7.5, 7.6, 7.7, 7.8 and 7.10,
except as may be set forth below, and attached hereto (x) as [Schedule A are the applicable covenant calculations with respect to Section 6.5 which show such compliance (or
non-compliance)]2 and (y) as Schedule B is a summary of the terms and conditions of any Transactions with Affiliates with respect to Section 7.10. (Capitalized terms used in this
Certificate which are not defined herein shall have the meanings set forth in the Credit Agreement.) Nothing herein limits or modifies any of the terms or provisions of the Credit Agreement. 

 
  

	1 	Include only if a Covenant Trigger Event has occurred and is continuing. 

	2 	Include only if a Covenant Trigger Event has occurred and is continuing. 

 Compliance status is indicated by circling Yes/No under “Complies” column. 

 

									
	 [Financial Covenants
	  	Required	  	Actual	  	Complies
	Section 6.5(a) - Fixed Charge Coverage Ratio at least 1.00 to 1.00, of which $         in Compliance Coverage Amount was utilized, leaving a balance of
$         in the Liquidity Account.]3	  	1.00 to 1.00	  		  	Yes	  	No
		  		  	  
	  		  	

  

					
	 Other Covenants
	  	Complies
	 Section 7.4 — Investments
	  	Yes	  	No
	 Section 7.5 — Loans
	  	Yes	  	No
	 Section 7.7 — Distributions
	  	Yes	  	No
	 Section 7.8 — Indebtedness
	  	Yes	  	No
	 Section 7.10 — Transactions with Affiliates
	  	Yes	  	No

 Other than as listed in the Schedules to the Credit Agreement or as indicated on any Compliance Certificate previously
delivered to Agent, Borrowers have only the following additional operating and other deposit accounts, securities accounts, commodities accounts, and other accounts at which any Borrower maintains funds or investments, at the following institutions:
[                    ][None]. 
 The annual and
quarterly financial statements of Borrowers and their Subsidiaries being delivered by Borrowers to Agent in connection with this Compliance Certificate comply with all the requirements of Section 9.7 and 9.8 of the Credit Agreement, are true,
complete and correct in all material respects and fairly present the financial position of Borrowers and their Subsidiaries as of the date thereof and the results of operations for Borrowers and their Subsidiaries for the financial period(s)
described therein then ended and have been prepared in accordance with GAAP applied on a basis consistent with prior practices and in reasonable detail [, subject to normal and recurring year end adjustments that individually and in the aggregate
are not material to Borrowers’ business]. 
 Comments Regarding Exceptions:
                                        
                                         
                   . 
 Sincerely, 

KGH INTERMEDIATE HOLDCO II, LLC, as Borrowing Agent 
  

							
	By:	 	  
	    	                Date:	 	
	  
	    		 	
				
	Name:	 	  
	    		 	
	Title:	 	[Chief Financial Officer] [Controller]	    		 	

  
  

	3 	Include only if a Covenant Trigger Event has occurred and is continuing. 

 SCHEDULE A 

 SCHEDULE B 

 EXHIBIT 2.1(a) 

AMENDED AND RESTATED NOTE 
  

	 $30,000,000 
	 August 8, 2014 

FOR VALUE RECEIVED, KGH INTERMEDIATE HOLDCO II, LLC, a limited liability company organized under the laws of the State of Delaware
(“Intermediate Holdco II”), KEANE FRAC, LP, a limited partnership organized under the laws of the Commonwealth of Pennsylvania (“Frac”), KS DRILLING, LLC, a limited liability company
organized under the laws of the State of Delaware (“Drilling”), KEANE FRAC ND, LLC, a Delaware limited liability company (“Frac ND”), and KEANE FRAC TX, LLC, a Delaware limited liability
company (“Keane Texas”, together with Intermediate Holdco II, Frac, Drilling, and Frac ND, collectively, the “Borrowers”, and each a “Borrower”), hereby promise, jointly and
severally, to pay to PNC BANK, NATIONAL ASSOCIATION (“PNC”), or its registered assigns, at the Payment Office of Agent (as defined below) at the address set forth in the Credit Agreement referenced below or at such
other place as Agent may from time to time designate to Borrowers in writing: (i) at the end of the Term and/or (ii) earlier as provided in the Credit Agreement, the principal sum of THIRTY MILLION DOLLARS ($30,000,000) or such greater or
lesser sum which then represents PNC’s Commitment Percentage of the aggregate unpaid principal amount of all Revolving Advances made or extended to any Borrower by Lenders pursuant to Section 2.1(a) (or any other applicable provision) of the
Credit Agreement, in lawful money of the United States of America in immediately available funds, together with interest on the principal hereunder remaining unpaid from time to time at the rate or rates from time to time in effect, as calculated as
provided for in, and due and payable on the dates provided for under, the Credit Agreement. 
 THIS AMENDED AND RESTATED NOTE is
executed and delivered under and pursuant to the terms of that certain Amended and Restated Revolving Credit and Security Agreement, dated as of August 8, 2014 (as the same may be amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”), by and among the Borrowers named herein, each other Person hereafter joined thereto as a borrower from time to time, the various financial institutions named therein or which hereafter become
a party thereto as lenders (collectively, the “Lenders” and each individually, a “Lender”), and PNC, in its capacity as agent for the Lenders (in such capacity, together with its successors and assigns
in such capacity (including any success “Agent” appointed under the Credit Agreement), the “Agent”) and in its capacity as a Lender. Capitalized terms used herein and not otherwise defined herein shall have the
meanings provided in the Credit Agreement. 
 Borrowers hereby waive diligence, presentment, demand, protest and notice of any kind
whatsoever as set forth in the Credit Agreement. 

 This Amended and Restated Note is one of the Notes referred to in the Credit Agreement, which
among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for optional and mandatory prepayments of the principal hereof prior to the maturity hereof and for the amendment or waiver of
certain terms and conditions therein specified. Such provisions, and all other provisions of the Credit Agreement, are hereby incorporated by reference. This Amended and Restated Note is secured by certain Liens in the property and assets of the
Borrowers granted by the Borrowers pursuant to the Credit Agreement and the Other Documents in favor of the Agent, for its benefit and for the ratable benefit of each Lender, Issuer and each other holder of the Obligations. 

THIS AMENDED AND RESTATED NOTE, AND ALL MATTERS RELATING HERETO AND ARISING HEREFROM (WHETHER ARISING UNDER CONTRACT LAW, TORT LAW OR
OTHERWISE), SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLIED TO CONTRACTS TO BE PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK. 

This Amended and Restated Note amends and restates, and replaces and supersedes, in its entirety that certain Amended and Restated Revolving
Credit Note dated as of November 22, 2013 by certain of the Borrowers in favor of PNC Bank, National Association in the original principal amount of $20,000,000 (the “Prior Note”), but shall in no way extinguish, cancel
or satisfy the Borrowers’ unconditional obligation to repay all indebtedness evidenced by the Prior Note or constitute a novation of the Prior Note or such indebtedness evidenced thereby. Nothing herein is intended to extinguish, cancel or
impair the lien priority or effect of any security agreement, pledge agreement or mortgage securing any Borrower’s obligations hereunder and under any other document relating hereto. 

[Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Note the day and year
first written above intending to be legally bound hereby. 
  

					
	KEANE FRAC, LP
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its
		 	Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its
		 	Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing
		 	Member
		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer
	
	KS DRILLING, LLC
		
	By:	 	KGH Intermediate Holdco II, LLC, its
		 	Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its
		 	Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing
		 	Member
		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial Officer

 [Signature Page to Amended and Restated Note - $30MM] 

 
			
	KEANE FRAC ND, LLC
		
	By:	 	Keane Frac, LP, its Managing Member
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	 KGH Intermediate Holdco II, LLC, its

Managing Member

		
	By:	 	 KGH Intermediate Holdco I, LLC, its
 Managing
Member

		
	By:	 	 Keane Group Holdings, LLC, its Managing

Member

 

					
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	 Vice President and Chief Financial

Officer

  

					
	KEANE FRAC TX, LLC
		
	By:	 	Keane Frac, LP, its Managing Member
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	 KGH Intermediate Holdco II, LLC, its

Managing Member

		
	By:	 	 KGH Intermediate Holdco I, LLC, its

Managing Member

		
	By:	 	 Keane Group Holdings, LLC, its Managing

Member

		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	 Vice President and Chief Financial

Officer

 [Signature Page to Amended and Restated Note - $30MM] 

 
					
	KGH INTERMEDIATE HOLDCO II, LLC
		
	By:	 	 Keane Group Holdings, LLC, its Managing

Member

		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	 Vice President and Chief Financial

Officer

 [Signature Page to Amended and Restated Note - $30MM] 

 EXHIBIT 2.24 

LENDER JOINDER AND ASSUMPTION AGREEMENT 

This Lender Joinder and Assumption Agreement (the “Joinder”) is made as of
[            , 20    ] (the “Effective Date”) by
[                    ], (the “New Commitment Provider”). 

Background 
 Reference is
made to that certain Amended and Restated Revolving Credit and Security Agreement dated as of August 8, 2014 (as may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, the
“Agreement”) by and among KGH INTERMEDIATE HOLDCO I, LLC, a Delaware limited liability company (“Holdings”), KGH INTERMEDIATE HOLDCO II, LLC, a Delaware limited liability company (“Intermediate
Holdco II”), KEANE FRAC, LP, a Pennsylvania limited partnership (“Frac”), KS DRILLING, LLC, a Delaware limited liability company (“Drilling”), KEANE FRAC ND, LLC, a Delaware limited
liability company (“Frac ND”), KEANE FRAC TX, LLC, a Delaware limited liability company (“Keane Texas”, together with Intermediate Holdco II, Frac, Drilling and Frac ND, collectively, the
“Borrowers” and each a “Borrower”), the financial institutions which are now or which hereafter become a party hereto (collectively, the “Lenders” and each individually a “Lender”)
and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”). Capitalized terms defined in the Agreement are used herein as defined therein. 

Agreement 
 In
consideration of the Lenders’ permitting the New Commitment Provider to become a Lender under the Agreement, the New Commitment Provider agrees that effective as of the Effective Date it shall become, and shall be deemed to be, a Lender under
the Agreement and each of the Other Documents and agrees that from the Effective Date and so long as the New Commitment Provider remains a party to the Agreement, such New Commitment Provider shall assume the obligations of a Lender under and
perform, comply with and be bound by each of the provisions of the Agreement which are stated to apply to a Lender and shall be entitled to the benefits, rights and remedies set forth therein and in each of the Other Documents. The New Commitment
Provider hereby acknowledges that it has heretofore received a true and correct copy of the Agreement (including any modifications thereof or supplements or waivers thereto) as in effect on the Effective Date and the executed original of its Note
dated the Effective Date issued by the Borrowers under the Agreement in the face amount of $        . 

The Commitment Amount of the New Commitment Provider and each of the other Lenders are as set forth on Exhibit A attached hereto. 

[SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the New Commitment Provider has duly executed and delivered this Joinder as
of the Effective Date. 
  

			
	[NEW COMMITMENT PROVIDER]
		
	By:	 	
	Name:	 	
	Title:	 	

 [SIGNATURE PAGE TO LENDER JOINDER AND ASSUMPTION AGREEMENT] 

			
	ACKNOWLEDGED:
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as
Agent

		
	By:	 	
	Name:	 	
	Title:	 	
	
	BORROWERS:
	
	 KGH INTERMEDIATE HOLDCO II, LLC
 KS
DRILLING, LLC

	KEANE FRAC, LP
	KEANE FRAC ND, LLC
	KEANE FRAC TX, LLC

  

	
	By:
	Name:
	Title:

 EXHIBIT A 

COMMITMENT AMOUNTS 

 EXHIBIT 5.5(b) 

Keane Group - Financial Projections (Exhibit 5.5(b)) 

 
 Consolidated Financials 

($ in thousands) 
 Income Statement 

 

																							
	 	  	 	 	 	 	  	2H 2014	 	 	FY 2014	 	 	FY 2015	 	 	FY 2016	 
	 Total Revenue
	  				 		  	$	216,352.4	  	 	$	376,756.8	  	 	$	580,748.1	  	 	$	618,338.0	  
							
	 Gross Profit
	  				 		  	$	38,093.7	  	 	$	74,191.5	  	 	$	135,556.9	  	 	$	151,973.0	  
							
	 Corporate G&A
	  				 		  	$	9,371.6	  	 	$	18,586.7	  	 	$	23,229.9	  	 	$	23,694.5	  
	 Other Income/(Expense)
	  				 		  	 	(279.2	) 	 	 	77.9	  	 	 	—  	  	 	 	—  	  
	 Other, FX
	  				 		  	 	—  	  	 	 	(24.0	) 	 	 	—  	  	 	 	—  	  
		  				 		  				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Adjusted EBITDA
	  				 		  	$	28,443.0	  	 	$	55,658.8	  	 	$	112,327.0	  	 	$	128,278.5	  
							
	 Non-recurring adjustments
	  				 		  	$	(2,333.7	) 	 	$	(8,356.9	) 	 	$	—  	  	 	$	—  	  
		  				 		  				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Reported EBITDA
	  				 		  	$	26,109.3	  	 	$	47,301.9	  	 	$	112,327.0	  	 	$	128,278.5	  
							
	 Depreciation & Amortization
	  				 		  	$	13,477.89	  	 				 	$	32,112.61	  	 	$	33,118.74	  
	 Amortization of Financing Fees
	  				 		  	 	887.5	  	 				 	 	1,775.0	  	 	 	1,775.0	  
	 Interest Expense
	  				 		  	 	6,929.1	  	 				 	 	13,220.9	  	 	 	13,158.4	  
		  				 		  	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 
	 EBT
	  				 		  	$	4,814.8	  	 				 	$	65,218.4	  	 	$	80,226.3	  
							
	 Taxes
	  	 	52.0	% 	 		  	 	2,503.7	  	 				 	 	33,913.6	  	 	 	41,717.7	  
		  	  
	  
	 	 		  	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 
	 Net Income
	  				 		  	$	2,311.1	  	 				 	$	31,304.9	  	 	$	38,508.6	  
							
	Cash Flow	  				 		  				 				 				 			
							
	 	  	 	 	 	 	  	2H 2014	 	 	 	 	 	FY 2015	 	 	FY 2016	 
	 Reported EBITDA
	  				 		  	$	26,109.3	  	 				 	$	112,327.0	  	 	$	128,278.5	  
	 Less: Increase Working Capital
	  				 		  	 	(207.0	) 	 				 	 	7,121.0	  	 	 	(101.6	) 
	 Less: Capital Expenditures
	  				 		  	 	60,380.1	  	 				 	 	23,380.8	  	 	 	5,750.0	  
	 Less: Earn-Out
	  				 		  	 	5,000.0	  	 				 	 	2,500.0	  	 	 	—  	  
	 Less: Taxes
	  				 		  	 	2,503.7	  	 				 	 	33,913.6	  	 	 	41,717.7	  
	 Less: Secured Notes Interest
	  				 		  	 	6,835.2	  	 				 	 	12,931.3	  	 	 	13,045.9	  
	 Less: Revolver Interest
	  				 		  	 	93.9	  	 				 	 	289.7	  	 	 	112.5	  
		  				 		  	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 
	 Levered Free Cash Flow - Before Debt Repayment
	   
	 		  	$	(48,496.6	) 	 				 	$	32,190.7	  	 	$	67,753.9	  
							
	 Less: Secured Notes Mandatory Amortization
	  				 		  	 	1,875.0	  	 				 	 	3,750.0	  	 	 	3,750.0	  
	 Less: Revolver Draw / (Paydown)
	  				 		  	 	14,227.2	  	 				 	 	(14,227.2	) 	 	 	—  	  
	 Less: Mandatory Excess Cash Flow Sweep (Secured Notes)
	  	 	—  	  	 				 	 	—  	  	 	 	—  	  
	 Less: Voluntary Prepayment of Debt (Secured Notes)
	   
	 		  	 	—  	  	 				 	 	—  	  	 	 	—  	  
		  				 		  	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 
	 Net Change in Cash
	  				 		  	$	(36,144.4	) 	 				 	$	14,213.5	  	 	$	64,003.9	  
							
	 Beginning Cash Balance
	  				 		  	$	41,144.4	  	 				 	$	5,000.0	  	 	$	19,213.5	  
	 Net Change in Cash
	  				 		  	 	(36,144.4	) 	 				 	 	14,213.5	  	 	 	64,003.9	  
		  				 		  	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 
	 Ending Cash Balance
	  				 		  	$	5,000.0	  	 				 	$	19,213.5	  	 	$	83,217.4	  

  
 Page 1 of 2 

 Keane Group - Financial Projections (Exhibit 5.5(b)) 

 
 Consolidated Financials 

 

																									
	Capitalization Summary	 				 				 				 				 				 			
							
	 	 	 	 	 	 	 	 	PF
Close	 	 	FY 2014	 	 	FY 2015	 	 	FY 2016	 
	 Cash
	 				 				 	$	41,144.4	  	 	$	5,000.0	  	 	$	19,213.5	  	 	$	83,217.4	  
							
	 Revolver
	 				 				 	 	—  	  	 	 	14,227.2	  	 	 	—  	  	 	 	—  	  
	 Secured Notes
	 				 				 	 	150,000.0	  	 	 	148,125.0	  	 	 	144,375.0	  	 	 	140,625.0	  
		 				 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Earnout
	 				 				 	 	7,500.0	  	 	 	2,500.0	  	 	 	—  	  	 	 	—  	  
		 				 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Debt
	 				 				 	$	157,500.0	  	 	$	164,852.2	  	 	$	144,375.0	  	 	$	140,625.0	  
	 Net Debt
	 				 				 	$	116,355.6	  	 	$	159,852.2	  	 	$	125,161.5	  	 	$	57,407.6	  
							
	 LTM EBITDA (1)
	 				 				 	$	52,231.4	  	 	$	55,658.8	  	 	$	112,327.0	  	 	$	128,278.5	  
	
	 (1)    PF 6/30/14E Adj. EBITDA reflects Q1 2014A Run-Rate
(annualized figure)
	        

							
	Liquidity Summary	 				 				 				 				 				 			
							
	 	 	 	 	 	 	 	 	2H 2014	 	 	FY 2014	 	 	FY 2015	 	 	FY 2016	 
	 Accounts Receivable
	 	 	85.0	% 	 				 	$	35,275.0	  	 	$	35,275.0	  	 	$	46,138.8	  	 	$	46,078.9	  
		 	  
	  
	 	 				 				 				 				 			
	 Inventory
	 	 	60.0	% 	 				 	 	6,933.59	  	 	 	6,933.6	  	 	 	9,069.0	  	 	 	9,057.2	  
		 	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Borrowing Base Calculation
	 				 				 	$	42,208.6	  	 	$	42,208.6	  	 	$	55,207.8	  	 	$	55,136.1	  
							
	 Borrowing Base
	 				 				 	$	30,000.0	  	 	$	30,000.0	  	 	$	30,000.0	  	 	$	30,000.0	  
	 Less: Revolver Draw
	 				 				 	 	14,227.2	  	 	 	14,227.2	  	 	 	—  	  	 	 	—  	  
	 Plus: Cash
	 				 				 	 	5,000.0	  	 	 	5,000.0	  	 	 	19,213.5	  	 	 	83,217.4	  
	 Plus: Delayed Draw Secured Notes (unfunded amount)
	   
	 	 	50,000.0	  	 	 	50,000.0	  	 	 	—  	  	 	 	—  	  
		 				 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Liquidity
	 				 				 	$	70,772.8	  	 	$	70,772.8	  	 	$	49,213.5	  	 	$	113,217.4	  
							
	 Debt Schedule
	 				 				 				 				 				 			
							
	 Revolver
	 	Commitment	 	 	 	 	 	2H 2014	 	 	 	 	 	FY 2015	 	 	FY 2016	 
	 Beginning of Period Unused Amount
	 	$	30,000.0	  	 				 	$	30,000.0	  	 				 	$	15,772.8	  	 	$	30,000.0	  
		 	  
	  
	 	 				 				 				 				 			
							
	 Beginning Balance
	 				 				 	$	—  	  	 				 	$	14,227.2	  	 	$	—  	  
	 Draw / Paydown
	 				 				 	 	14,227.2	  	 				 	 	(14,227.2	) 	 	 	—  	  
		 				 	  
	  
	 	 	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 
	 Ending Balance
	 				 	$	—  	  	 	$	14,227.2	  	 				 	$	—  	  	 	$	—  	  
							
	 Revolver Cash Interest
	 	 	L+2.25	% 	 				 	$	44.3	  	 				 	$	203.8	  	 	$	—  	  
		 	  
	  
	 	 				 				 				 				 			
	 Unused Fee
	 	 	0.375	% 	 				 	$	49.6	  	 				 	$	85.8	  	 	$	112.5	  
		 	  
	  
	 	 				 				 				 				 			
							
	 Secured Notes
	 				 				 				 				 				 			
	 Beginning Balance
	 				 				 	$	150,000.0	  	 				 	$	148,125.0	  	 	$	144,375.0	  
	 Less: Scheduled Amortization
	 	 	2.50	% 	 				 	 	1,875.0	  	 				 	 	3,750.0	  	 	 	3,750.0	  
		 	  
	  
	 	 				 				 				 				 			
	 Less: Mandatory Excess Cash Flow Sweep (1)
	 	 	N/A	  	 				 	 	—  	  	 				 	 	—  	  	 	 	—  	  
		 	  
	  
	 	 				 				 				 				 			
	 Less: Voluntary Repayment of Debt
	 				 				 	 	—  	  	 				 	 	—  	  	 	 	—  	  
		 				 	  
	  
	 	 	  
	  
	 	 				 	  
	  
	 	 	  
	  
	 
	 Ending Balance
	 				 	$	150,000.0	  	 	$	148,125.0	  	 				 	$	144,375.0	  	 	$	140,625.0	  
							
	 Secured Notes Cash Interest
	 	 	L+7.50	% 	 				 	$	6,335.2	  	 				 	$	12,431.3	  	 	$	13,045.9	  
		 	  
	  
	 	 				 				 				 				 			
	 Unused Fee (2)
	 	 	2.00	% 	 				 	$	500.0	  	 				 	$	500.0	  	 	$	—  	  
							
	 Excess Cash Flow Sweep Stepdown Thresholds (1)
	 	 	50.00	% 	 	 	2.0	x 	 	 	0.00	% 	 				 	 	0.00	% 	 	 	0.00	% 
		 	 	25.00	% 	 	 	1.5	x 	 				 				 				 			
		 	 	0.00	% 	 				 				 				 				 			
		 	  
	  
	 	 	  
	  
	 	 				 				 				 			
	
	 (1)    Excess cash flow sweep calculated as 50% of Excess Cash Flow
if the Leverage Ratio is greater than 2.0x, 25% of Excess Cash Flow if the Leverage Ratio is less than or equal to 2.0x and greater than 1.5x, and 0% of Excess Cash Flow if the Leverage Ratio is less than or equal to 1.5x.

(2)    Delayed Draw Unused Fee applicable for 12 months post-closing.

 
 Working Capital

 
	          

       
 

  
 

	 	 	 	 	 	 	 	 	2H 2014	 	 	FY 2014	 	 	FY 2015	 	 	FY 2016	 
	 Total Current Assets
	 				 				 	$	63,162.8	  	 	$	63,162.8	  	 	$	82,615.4	  	 	$	82,691.4	  
	 Total Current Liabilities
	 				 				 	 	48,677.7	  	 	 	48,677.7	  	 	 	61,009.2	  	 	 	61,186.8	  
							
	 Net Working Capital
	 				 				 	$	14,485.1	  	 	$	14,485.1	  	 	$	21,606.2	  	 	$	21,504.6	  
	 Change in Working Capital
	 				 				 	 	(207.0	) 	 	 	(207.0	) 	 	 	7,121.0	  	 	 	(101.6	) 

  
 Page 2 of 2 

 EXHIBIT 8.1(g) 

FINANCIAL CONDITION CERTIFICATE 

This FINANCIAL CONDITION CERTIFICATE is given as of August 8, 2014 in connection with that certain Amended and Restated Revolving Credit
and Security Agreement of even date herewith (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among KGH INTERMEDIATE HOLDCO I, LLC, a limited
liability company organize under the laws of the State of Delaware (“Holdings”), KGH INTERMEDIATE HOLDCO II, LLC, a limited liability company organized under the laws of the State of Delaware (“Intermediate Holdco
II”), KEANE FRAC, LP, a limited partnership organized under the laws of the Commonwealth of Pennsylvania (“Frac”), KS DRILLING, LLC, a limited liability company organized under the laws of the State of Delaware
(“Drilling”), KEANE FRAC ND, LLC, a limited liability company organized under the laws of the State of Delaware (“Frac ND”), KEANE FRAC TX, LLC, a limited liability company organized under the laws of
the State of Delaware (“Keane Texas” together with Intermediate Holdco II, Frac, Drilling and Frac ND, collectively, the “Borrowers”, and each a “Borrower”), each other Person
hereafter joined thereto as a borrower from time to time, the financial institutions which are now or which hereafter become a party thereto as lenders (collectively, together with their successors and assigns, the “Lenders”)
and PNC Bank, National Association, as agent for the Lenders (in such capacity, together with its successors and assigns in such capacity (including any success “Agent” appointed under the Credit Agreement), the
“Agent”). Capitalized terms used but not defined herein shall have the respective meanings given thereto in the Credit Agreement. 

Pursuant to Section 8.1(g) of the Credit Agreement and the Other Documents, I hereby certify as of the date hereof that I am the
duly appointed, qualified and acting Chief Financial Officer of each Borrower, and that, in such capacity and not in my individual capacity, I hereby conclude to my knowledge that: 

1. The execution and delivery of the Credit Agreement and each of the Other Documents and the granting of any security interests or liens pursuant to the
Credit Agreement and any of the Other Documents by Borrowers will not render the Borrowers, taken as a whole, insolvent. I understand that, in this context, “insolvent” with respect to the Borrower means that the fair present saleable
value of Borrowers’ assets, calculated as a going concern basis, are less than the amount of their liabilities. 
 2. I conclude that the execution and
delivery of the Credit Agreement and each of the Other Documents and the granting of the security interests and liens pursuant to the Credit Agreement and any of the Other Documents by Borrowers will not leave any Borrower with property remaining in
its hands which would constitute unreasonably small capital for such Borrower’s business. In reaching this conclusion, I understand that “unreasonably small capital” depends upon the nature of each Borrower’s’ business as
presently conducted, and I have reached my conclusion based on the actual and reasonably anticipated needs for capital of the business anticipated to be conducted by such Borrower and consistent with the Projections and other information described
herein. 
 3. I conclude that no Borrower will likely incur debts beyond its ability to pay as such debts mature. This conclusion is based, in part, upon my
review of the Projections, which project that each Borrower will have positive cash flow after paying all of its scheduled and anticipated 

 
indebtedness as it matures; provided that such Projections are not to be viewed as facts and the actual results during the period or periods covered thereby may differ from such projections and
the differences may be material. I have concluded that the realization from each Borrower’s assets in the ordinary and usual course of business will be sufficient to pay its recurring current debt, short term debt, and the current portion of
long term debt as such debts require. 
 4. Borrowers have not executed the Credit Agreement or any of the Other Documents or made any transfer or incurred
any obligations thereunder with actual intent to hinder, delay, or defraud either present or future creditors. 
 I understand that the
Agent and the Lenders are relying on the truth and accuracy of the foregoing in connection with the extensions of credit under the Credit Agreement and that no one else shall be entitled to rely on this Certificate. Unless the context of this
Certificate clearly requires otherwise, the term “or” includes the inclusive meaning represented by the phrase “and/or.” 

[SIGNATURE TO FOLLOW ON SEPARATE PAGE] 

  
 2 

 I hereby represent and certify, in my capacity as set forth below for each Borrower that the
foregoing information is true and correct and I execute this certificate as of the date first set forth above. 
  

					
	KEANE FRAC, LP
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its
		 	Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its
		 	Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing
		 	Member
		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial
		 		 	Officer
	
	KS DRILLING, LLC
		
	By:	 	KGH Intermediate Holdco II, LLC, its
		 	Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its
		 	Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing
		 	Member
		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial
		 		 	Officer

 [Signature Page to Financial Condition Certificate] 

 
					
	KEANE FRAC ND, LLC
		
	By:	 	Keane Frac, LP, its Managing Member
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its
		 	Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its
		 	Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing
		 	Member
		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial
		 		 	Officer
	
	KEANE FRAC TX, LLC
		
	By:	 	Keane Frac, LP, its Managing Member
		
	By:	 	Keane Frac GP, LLC, its General Partner
		
	By:	 	KGH Intermediate Holdco II, LLC, its
		 	Managing Member
		
	By:	 	KGH Intermediate Holdco I, LLC, its
		 	Managing Member
		
	By:	 	Keane Group Holdings, LLC, its Managing
		 	Member
		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial
		 		 	Officer

  
 [Signature Page to
Financial Condition Certificate] 

 
					
	KGH INTERMEDIATE HOLDCO II, LLC
		
	By:	 	Keane Group Holdings, LLC, its Managing
		 	Member
		
	By:	 	  

		 	Name:	 	Gregory Powell
		 	Title:	 	Vice President and Chief Financial
		 		 	Officer

  
 [Signature Page to
Financial Condition Certificate] 

 EXHIBIT 16.3 

FORM OF COMMITMENT TRANSFER SUPPLEMENT 

COMMITMENT TRANSFER SUPPLEMENT, dated as of
[            ,20    ], by [                    ]
(the “Transferor Lender”), KEANE GROUP HOLDINGS, LLC (the “Borrowing Agent”), [                    ] (the
“Purchasing Lender”), and PNC Bank, National Association, as agent for the Lenders under the Amended and Restated Revolving Credit and Security Agreement described below (in such capacity, the “Agent”). 

W I T N E S S E T H 

WHEREAS, this Commitment Transfer Supplement is being executed and delivered in accordance with Section 16.3 of that certain Amended and
Restated Revolving Credit and Security Agreement dated as of August 8, 2014 (as may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, the “Credit Agreement”) by and among
KGH INTERMEDIATE HOLDCO I, LLC, a Delaware limited liability company (“Holdings”), KGH INTERMEDIATE HOLDCO II, LLC, a Delaware limited liability company (“Intermediate Holdco II”), KEANE FRAC, LP, a
Pennsylvania limited partnership (“Frac”), KS DRILLING, LLC, a Delaware limited liability company (“Drilling”), KEANE FRAC ND, LLC, a Delaware limited liability company (“Frac ND”),
KEANE FRAC TX, LLC, a Delaware limited liability company (“Keane Texas”, together with Intermediate Holdco II, Frac, Drilling and Frac ND, collectively, the “Borrowers” and each a “Borrower”),
the financial institutions which are now or which hereafter become a party thereto (collectively, the “Lenders”) and the Agent; 

WHEREAS, Purchasing Lender wishes to become a Lender party to the Credit Agreement; and 

WHEREAS, the Transferor Lender is selling and assigning to Purchasing Lender rights, obligations and commitments under the Credit Agreement.

 NOW, THEREFORE, the parties hereto hereby agree as follows: 

All capitalized terms used herein which are not defined shall have the meanings given to them in the Credit Agreement. 

Upon receipt by the Agent of four (4) counterparts of this Commitment Transfer Supplement, to each of which is attached a
fully completed Schedule I, and each of which has been executed by the Transferor Lender, the Purchasing Lender, Agent and, to the extent required by the Credit Agreement, the Borrowing Agent, Agent will transmit to Transferor Lender and
Purchasing Lender a Transfer Effective Notice, substantially in the form of Schedule II to this Commitment Transfer Supplement (a “Transfer Effective Notice”). Such Transfer Effective Notice shall set forth, inter
alia, the date on which the transfer effected by this Commitment Transfer Supplement shall become effective (the “Transfer Effective Date”), which date unless otherwise noted therein, shall not be earlier than the first
Business Day following the 

 
date such Transfer Effective Notice is received. From and after the Transfer Effective Date, Purchasing Lender shall be a Lender party to the Credit Agreement for all purposes thereof. 

At or before 12:00 Noon (Philadelphia time) on the Transfer Effective Date, Purchasing Lender shall pay to Transferor Lender,
in immediately available funds, an amount equal to the purchase price, as agreed between Transferor Lender and such Purchasing Lender (the “Purchase Price”), of the portion of the Advances being purchased by such Purchasing Lender
(such Purchasing Lender’s “Purchased Percentage”) of the outstanding Advances and other amounts owing to the Transferor Lender under the Credit Agreement and the Note(s) of Transferor Lender. Effective upon receipt by
Transferor Lender of the Purchase Price from a Purchasing Lender, Transferor Lender hereby irrevocably sells, assigns and transfers to such Purchasing Lender, without recourse, representation or warranty, and Purchasing Lender hereby irrevocably
purchases, takes and assumes from Transferor Lender, such Purchasing Lender’s Purchased Percentage of the Advances and other amounts owing to the Transferor Lender under the Credit Agreement and such Note(s) together with all instruments,
documents and collateral security pertaining thereto. 
 Transferor Lender has made arrangements with Purchasing Lender with
respect to (i) the portion, if any, to be paid, and the date or dates for payment, by Transferor Lender to such Purchasing Lender of any fees heretofore received by Transferor Lender pursuant to the Credit Agreement prior to the Transfer
Effective Date and (ii) the portion, if any, to be paid, and the date or dates of payment, by such Purchasing Lender to Transferor Lender of fees or interest received by such Purchasing Lender pursuant to the Credit Agreement from and after the
Transfer Effective Date. 
 All principal payments that would otherwise be payable from and after the Transfer Effective Date
to or for the account of Transferor Lender pursuant to the Credit Agreement and the Note(s) of Transferor Lender shall, instead, be payable to or for the account of Transferor Lender and Purchasing Lender, as the case may be, in accordance with
their respective interests as reflected in this Commitment Transfer Supplement. 
 All interest, fees and other amounts that
would otherwise accrue for the account of Transferor Lender from and after the Transfer Effective Date pursuant to the Credit Agreement and the Note(s) of Transferor Lender shall, instead, accrue for the account of, and be payable to, Transferor
Lender and Purchasing Lender, as the case may be, in accordance with their respective interests as reflected in this Commitment Transfer Supplement. In the event that any amount of interest, fees or other amounts accruing prior to the Transfer
Effective Date was included in the Purchase Price paid by any Purchasing Lender, Transferor Lender and Purchasing Lender will make appropriate arrangements for payment by Transferor Lender to such Purchasing Lender of such amount upon receipt
thereof from Borrower. 

  
 2 

 Concurrently with the execution and delivery hereof, Transferor Lender will
provide to Purchasing Lender conformed copies of the Credit Agreement and all related documents delivered to Transferor Lender. 

Each of the parties to this Commitment Transfer Supplement agrees that at any time and from time to time upon the written
request of any other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Commitment Transfer Supplement. 

By executing and delivering this Commitment Transfer Supplement, Transferor Lender and Purchasing Lender confirm to and agree
with each other and Agent and Lenders as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned hereby free and clear of any adverse claim, Transferor Lender makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency
or value of the Credit Agreement, the Note(s) of Transferor Lender or any other instrument or document furnished pursuant thereto; (ii) Transferor 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 the Obligations under the Credit Agreement, the Note(s) or any other instrument or document furnished pursuant hereto; (iii) Purchasing Lender confirms
that it has received a copy of the Credit Agreement, together with copies of such financial statements and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Commitment
Transfer Supplement; (iv) Purchasing Lender will, independently and without reliance upon Agent, Transferor Lender or any other Lenders and based on such documents and information as it shall deem appropriate at the time, continue to make its
own credit decisions in taking or not taking action under the Credit Agreement; (v) Purchasing Lender appoints and authorizes Agent on its behalf to take such action as agent and to exercise such powers under the Credit Agreement and Other
Documents as are delegated to the Agent by the terms thereof; (vi) Purchasing Lender agrees that it will perform all of its respective obligations as set forth in the Credit Agreement and Other Documents to be performed by each as a Lender; and
(vii) Purchasing Lender represents and warrants to Transferor Lender, Lenders, Agent and Borrower that it is either (x) entitled to the benefits of an income tax treaty with the United States of America that provides for an exemption from
the United States withholding tax on interest and other payments made by Borrower under the Credit Agreement and Other Documents or (y) is engaged in trade or business within the United States of America. 

Schedule I hereto sets forth the revised Commitment Percentage of Transferor Lender and the Commitment Percentage of
Purchasing Lender as well as administrative information with respect to Purchasing Lender. 

  
 3 

 This Commitment Transfer Supplement shall be governed by, and construed in
accordance with, the laws of the State of New York. 
 [SIGNATURE PAGE FOLLOWS] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Commitment Transfer Supplement to be
executed by their respective duly authorized officers on the date set forth above. 
  

			
	[                                    
                                         
        ]
	as Transferor Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[                                    
                                         
         ]
	as Purchasing Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 PNC BANK, NATIONAL ASSOCIATION,

as Agent

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	KGH INTERMEDIATE HOLDCO II, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 Signature Page To Commitment Transfer Supplement 

 SCHEDULE I TO COMMITMENT TRANSFER SUPPLEMENT 

LIST OF OFFICES, ADDRESSES FOR NOTICES AND COMMITMENT AMOUNTS 
  

							
	
[                   
                      ]

(“Transferor Lender”)
	  	Pre-Transfer Commitment Percentage of Transferor Lender	  	 	[                    	]% 
			
		  	Pre-Transfer Outstanding Revolving Advances of Transferor Lender	  	$	[                    	] 
			
		  	Pre-Transfer Outstanding Letter of Credit Participations of Transferor Lender	  	$	[                    	] 
			
		  	Post-Transfer Commitment Percentage of Transferor Lender	  	 	[                    	]% 
			
		  	Post-Transfer Outstanding Revolving Advances of Transferor Lender	  	$	[                    	] 
			
		  	Post-Transfer Outstanding Letter of Credit Participations of Lender Transferor	  	$	[                    	] 
			
	
[                   
                      ]

(“Purchasing Lender”)
	  	Post-Transfer Commitment Percentage of Transferee Lender	  	 	[                    	]% 
			
		  	Post-Transfer Outstanding Revolving Advances of Transferee Lender	  	$	[                    	] 
			
		  	Post-Transfer Outstanding Letter of Credit Participations of Transferee Lender	  	$	[                    	] 

  

	
	Address for Notices for Purchasing Lender:
	[                    ]
	Telephone: [                    ]
	Facsimile: [                    ]

 Requested Transfer Effective Date: 

 SCHEDULE II TO COMMITMENT TRANSFER SUPPLEMENT 

Transfer Effective Notice 
  

	To:	[                    
                    ], as Transferor 

Lender, and 

[                    
                    ], as Purchasing Lender: 

The undersigned, as Agent (as defined below) under that certain Amended and Restated Revolving Credit and Security Agreement dated as of
August 8, 2014 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among KGH INTERMEDIATE HOLDCO I, LLC, a Delaware limited liability company
(“Holdings”), KGH INTERMEDIATE HOLDCO II, LLC, a Delaware limited liability company (“Intermediate Holdco II”), KEANE FRAC, LP, a Pennsylvania limited partnership (“Frac”), KS DRILLING, LLC, a
Delaware limited liability company (“Drilling”), , KEANE FRAC ND, LLC, a Delaware limited liability company (“Frac ND”), KEANE FRAC TX, LLC, a Delaware limited liability company (“Keane Texas”,
together with Intermediate Holdco II, Frac, Drilling and Frac ND, collectively, the “Borrowers” and each a “Borrower”), the financial institutions which are now or which hereafter become a party thereto
(collectively, the “Lenders”) and the undersigned, as agent for the Lenders (the undersigned, in such capacity, together with its successors and assigns in such capacity (including any successor “Agent(s)” appointed under
the Credit Agreement, “Agent”), acknowledges receipt of four (4) executed counterparts of a completed Commitment Transfer Supplement dated as of
[                    ] between Transferor Lender and Purchasing Lender (the “Commitment Transfer Supplement”). Terms defined
in such Commitment Transfer Supplement are used herein as therein defined. 
 Agent hereby consents to the sale and transfer by Transferor
Lender to Purchasing Lender, and the purchase and acquisition by Purchasing Lender from Transferor Lender, of the Transferred Interests as described in the Commitment Transfer Supplement. 

Pursuant to such Commitment Transfer Supplement, you are advised that the Transfer Effective Date will be
[                                         
]. 
  

			
	PNC BANK, NATIONAL ASSOCIATION, as Agent
		
	By:	 	  

	Name:	 	
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}]]