Document:

lmfa-ex103_39.htm

Exhibit 10.3

UPTIME HOSTING LLC HOSTING AGREEMENT

 

This Hosting Agreement (“Agreement”), made as of October 6, 2021 (“Effective Date”), is made by and between Uptime Hosting LLC (“Host”), a Florida limited liability company with its principal place of business located at 12301 NW 112 Ave Suite 112, Medley, FL 33178 and US Digital Mining and Hosting Co. LLC (“Client”), a Florida limited liability company with its principal place of business located at 1200 West Platt St. Suite 100, Tampa, FL 33606 (collectively “Parties”; individually “Party”).

 

Recitals

 

WHEREAS, Host primarily engages in the business of cryptocurrency mining and ancillary hosting services;

 

WHEREAS, Client engages in the business of cryptocurrency mining;

 

WHEREAS, Host seeks to provide certain cryptocurrency mining and hosting services to Client in exchange for equitable compensation; and

 

WHEREAS, Client seeks to utilize certain cryptocurrency mining and hosting services of Host;

 

NOW, THEREFORE, in consideration of the premises herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, each intending to be legally bound hereby, agree to the provisions of this Agreement as follows:

 

Agreement

 

	
 
	
1.
	
Host Services.

 

	
 
	
1.1.
	
Services. Client has, or shall promptly, deliver the Digital Asset mining equipment listed in Exhibit A attached hereto (the “Client Equipment”) to Host. Host shall receive and test the Client Equipment, engage in cryptocurrency mining and operation of the Client Equipment, provide rack space allocation for the Client Equipment (“Client Space”), installation services, electrical power connection, cooling infrastructure, network connectivity, security, and technical support, as outlined in this Agreement (collectively, the “Services”), for the Term.
	
 

 

	
 
	
1.2.
	
Host Containers. Host may use modified pods designed or procured by Host (“Host Container”) for purposes of providing Services for the Client. Host may
	
 

 

 

transfer the Client Equipment to Host Containers. In the event Client Equipment is delivered earlier than the date on which certain Host Containers may be deemed ready for hosting by the Host, Host may find other facilities to host such Client Equipment before the relevant Host Containers are deemed ready for hosting by the Host. Notwithstanding any contradictory terms in this Agreement, Host shall not be liable for any delays in providing the Host Containers, and the Host Containers shall remain the property of Host at all times. Host may move the Client Equipment to other properties without the prior written consent of Client upon written notice to Client. Nothing in this Subsection shall be construed to provide Client any ownership interest in any Host Container(s).

 

	
 
	
1.3.
	
Client Containers. Host may use pods provided by the Client (“Client Container”) for purposes of providing Services for the Client; provided, however, that all Client Containers must be approved in writing by the Host prior to delivery by Client. In the event Client Equipment is delivered earlier than the date on which certain Client Containers may be deemed ready for hosting by the Host, Host may find other facilities, pods, or containers to host such Client Equipment before the relevant Client Containers are deemed ready for hosting by the Host. Notwithstanding any contradictory terms in this Agreement, Client shall be solely liable for all shipping arrangements for the Client Containers, and the Host Containers shall remain the property of Client at all times. Host may move the Client Containers, including any Client Equipment, to other properties without the prior written consent of Client upon written notice to Client.
	
 

 

	
 
	
1.4.
	
Installation and Testing. Upon receipt of Client Equipment, Host shall perform commercially reasonable testing in accordance with Host’s equipment testing procedures and notify Client of any malfunctioning Client Equipment within thirty (30) business days. Host shall install all properly functioning Client Equipment in the Client Space within thirty (30) business days of testing such Client Equipment. Host shall not be liable for any defects or malfunctions in Client Equipment or for failing to identify any hidden defects during installation or testing.
	
 

 

	
 
	
1.5.
	
Commencement Date. Host shall commence the provision of Services on the Commencement Date which shall be either of:
	
 

 

	
 
	
1.5.1.
	
Thirty (30) calendar days after Host informs Client that Host is ready to receive the Client Equipment and receives such Client Equipment; or
	
 

 

2
 

 

	
 
	
1.5.2.
	
A date agreed to by the Parties in writing as stated in Exhibit A; provided, however, that Host may extend the agreed-upon Commencement Date by up to six (6) calendar months.
	
 

 

In any event, Host shall provide Client written notice that the provision of Services has commenced no later than seven (7) business days following such commencement.

 

	
 
	
1.6.
	
Maintenance. Host shall perform such maintenance actions as Host deems necessary or desirable with respect to the buildings and facilities owned or leased by Host in which the Client Space is located (“Data Center”) and maintain Host’s network (“Maintenance”). Client acknowledges and agrees that the performance of Maintenance may cause the network to be temporarily inaccessible and the Services unavailable to Client. Host shall use commercially reasonable efforts to conduct such Maintenance in a manner so as to avoid or minimize the unavailability of Services to Client Equipment. If Maintenance is planned or expected to interrupt the availability of Services, Host shall provide Client notice forty-eight (48) hours prior to conducting such maintenance via email, identifying the time and anticipated duration of the Maintenance. Notwithstanding the foregoing, Host may conduct emergency Maintenance without prior notice to Client; provided, however, that Host shall provide Client notice during or after such emergency Maintenance within a reasonable time. Host shall take commercially reasonable efforts to ensure that the Maintenance frequency shall not exceed three (3) occurrences (excluding emergency Maintenance) each calendar month and shall not exceed eight (8) hours per occurrence.
	
 

 

	
 
	
1.7.
	
Repair Work. Host shall monitor Client Equipment daily and shall, within three

(3) business days, contact Client if any Client Equipment is not fully operational. At Client’s request, Host shall perform diagnostic and repair work (“Repair Work”) on such Client Equipment. Host shall be the exclusive or top priority provider of Repair Work. Repair Work shall be billed in hourly increments, and billable services for such Repair Work shall include all time expended to diagnose problems, communicate and receive Client instructions, perform repairs, and report results. Repair Work shall be billed at the rate of fifty dollars per hour ($50.00/hr), excluding the cost of any materials or equipment supplied or purchased by Host; provided, however, that Host shall provide a quote to Client in advance and obtain the written consent of Client prior to the commencement of any Repair Work. Notwithstanding the foregoing, such quotes provided by Host may be subject to change. The response time for Repair Work shall be based upon the availability of resources at the time of Client’s request. Subject to the aforementioned notification and consent requirement, Client hereby authorizes Host to open and modify Client Equipment for Repair Work and acknowledges

 

3
 

 

that such requests may void the warranty of the affected Client Equipment. Any hardware replacement determined necessary by Host shall be as agreed by the Parties prior to making additional purchases.

 

	
 
	
1.8.
	
Minimum Service Level. Except in the event of Maintenance, Client Equipment failure, Repair Work, and force majeure, each month, Host shall provide the Services to Client ninety percent (90%) of the time (“Minimum Service Level”). In the event Services are not provided at the Minimum Service Level for over seventy-two (72) hours, Client shall receive a credit equal and limited to a discount in proportion to the monthly rate for the amount of downtime beyond the Minimum Service Level (“Service Level Credit”). The Service Level Credit shall be applied in equal installments over the Client’s following two (2) calendar monthly payments. In the final two (2) calendar months of the term Host shall fully refund any Service Level Credit.
	
 

 

	
 
	
1.9.
	
Service Failures. Client accepts that Services may not be uninterrupted, error-free, or on a completely secure basis. Host shall have no obligation to credit Client any amount for any such failure in the event that Host fails to provide Service and Host determines in its reasonable judgment that such failure was the result of:
	
 

 

	
 
	
1.9.1.
	
Force majeure;

 

	
 
	
1.9.2.
	
Any actions or inactions of Client, including any activity under Client’s control or within the obligations undertaken by Client (including, without limitation, hacking, provision of inaccurate or corrupt data, use of the Services other than in accordance with the directions of Host, failure or inability of Client to receive Digital Assets, failure of the underlying software protocols of the Digital Asset networks, and problems in Client’s local environment); or
	
 

 

	
 
	
1.9.3.
	
Maintenance.

 

	
 
	
2.
	
Hosting Fee and Deposit.

 

	
 
	
2.1.
	
Hosting Fee.   The Hosting Fee shall be based on a price of $0.060 per kilowatt and will be billed to Client according to the actual electricity consumption generated. The Hosting Fee is an all-inclusive hosting price which covers all the hosting costs incurred by Host, including, without limitation, Internet usage fees and hosting management.
	
 

 

	
 
	
2.2.
	
Deposit. Client shall pay the first and last months’ Hosting Fee within three (3) calendar days of the Effective Date. Client shall also render payment for a
	
 

 

4
 

 

security deposit, calculated as the equivalent of one calendar month’s Hosting Fee, within three (3) calendar days of the Effective Date. Host shall return the security deposit to Client within thirty (30) calendar days upon termination of the Agreement if not used by the Host.

 

	
 
	
3.
	
Invoices, Rates, and Payment Terms.

 

	
 
	
3.1.
	
Invoice. Host shall provide an invoice to Client stating all applicable Services rendered (including associated fees) and for any Repair Work provided under this Agreement. Host shall provide each invoice via email no later than five (5) business days following the end of each calendar month.
	
 

 

	
 
	
3.2.
	
Rates. Host shall invoice Client for all Services on a monthly basis as stated in this Agreement or as agreed to by the Parties in writing from time to time.
	
 

 

	
 
	
3.3.
	
Rate Changes. Host reserves the right to modify its rates:

 

	
 
	
3.3.1.
	
At the end of any Term, provided Host notifies Client at least thirty

(30) calendar days in advance of the effective date of such rate change;

 

	
 
	
3.3.2.
	
Upon a material and substantiated increase in any of Host’s operating costs, including, without limitation, power rates, facility leasing rates, tax rates, or increased regulatory compliance costs, but not within the first three (3) calendar months of any Term; or
	
 

 

	
 
	
3.3.3.
	
If there is sustained decrease of greater than fifty percent (50%) in the market rate of BTC following the Commencement Date for more than thirty (30) calendar days, in which event Host may consider lowering its rate.
	
 

 

	
 
	
3.4.
	
Payment Term. Client shall render full payment for all invoices within ten (10) calendar days of their receipt. The Parties agree that time shall be deemed of the essence in the payment of each invoice. If any invoice amount shall be due and unpaid on the fifteenth calendar day following such invoice’s applicable deadline (subject to a Disputed Invoice), the Host may redirect and utilize the Client Equipment for the Host’s benefit until such usage by the host equates to the amount owed by Client on the everyday exchange rate of Coinbase.
	
 

 

	
 
	
3.5.
	
Payment Currency and Taxes.

 

5
 

 

	
 
	
3.5.1.
	
Except for payments made in United States Dollars (or equivalent USDT), Host reserves the right to reject any payment, or require additional payment based on the conversion rate of such payment to United States Dollars (if applicable).
	
 

 

	
 
	
3.5.2.
	
Each Party shall be responsible for the taxes (including, without limitation, sales, use, transfer, privilege, excise, consumption, and other taxes), fees, duties, governmental assessments, impositions and levies that may be imposed or levied on it in connection with this Agreement and/or the provision of Services hereunder under applicable law.
	
 

 

	
 
	
3.6.
	
Disputed invoices. In the event Client disputes any Service or other charge listed in an invoice, Host must be notified of such dispute in writing within seven (7) calendar days of the invoice date, and Client shall render full payment for the remaining undisputed portion. Notices of disputes issued by Client more than seven (7) calendar days of the invoice date shall be paid in full first. Client waives the right to dispute an invoice amount after thirty (30) calendar days following the applicable invoice date. Host shall credit any disputed amounts resolved in favor of Client to Client’s account, and any disputed amounts resolved in favor of Host shall be paid within ten (10) calendar days of such resolution.
	
 

 

	
 
	
3.7.
	
Return of Client Mining Equipment. Upon Client’s request, and provided that Client is current on all amounts due to Host, Host shall return Client Equipment upon termination of the Agreement. Shipping and handling costs for such returns shall be paid by Client to Host in advance. Risk of loss during shipping shall be borne by Client. At Client’s direction and expense, Host will obtain insurance on behalf of Client for return shipping of the Client Equipment.
	
 

 

	
 
	
3.8.
	
Client Equipment Storage Fee. In the event this Agreement expires or is terminated and Client either maintains a deficiency in payment for Services rendered or does not arrange for the Client Equipment's return shipping, and Client does not cure such breach within thirty (30) calendar days of the date of expiration or termination of the Agreement, Host may assess a reasonable storage fee and deny Client access to the Client Equipment until such payment is rendered by Client in full.
	
 

 

	
 
	
3.9.
	
Client Equipment Forfeiture. In the event Client fails to cure such deficiency within ninety (90) calendar days of the date of expiration or termination of the Agreement, title over such Client Equipment as is needed to offset the outstanding balance of the deficiency shall transfer to Host. In such an event, Client shall have three (3) business days to pay the outstanding balance of the deficiency, with
	
 

 

6
 

 

interest, in which case title to the Client Equipment previously transferred to Host shall revert to Client.

 

	
 
	
4.
	
Term and Termination.

 

	
 
	
4.1.
	
Term. The term of the Agreement shall begin on the Commencement Date and end on the date one (1) calendar year following of the Commencement Date (“Term”). At the end of the Term, unless either Party issues a written notice of non-renewal, this Agreement shall automatically renew for successive one (1) calendar year terms.
	
 

 

	
 
	
4.2.
	
Termination.

 

	
 
	
4.2.1.
	
Termination by Either Party. This Agreement may be terminated by either Party, at any time, without liability to the other Party, for any one or more of the following:
	
 

 

	
 
	
i.
	
The non-terminating Party breaches any material term of this Agreement and fails to cure such breach (if susceptible to cure) within thirty (30) calendar days after receipt of written notice of the same;
	
 

 

	
 
	
ii.
	
The non-terminating Party becomes the subject of a voluntary or involuntary proceeding relating to insolvency, bankruptcy, receivership, liquidation, or reorganization for the benefit of creditors, and such petition or proceeding is not dismissed within sixty (60) calendar days of the filing thereof; or
	
 

 

	
 
	
iii.
	
A court or other government authority having jurisdiction over the Services prohibits Host from furnishing the Services to Client.
	
 

 

	
 
	
4.2.2.
	
Termination by Host. Host may terminate this Agreement if Client fails to pay any sum for Services when such payment is due (and such failure remains uncured for a period of thirty (30) calendar days).
	
 

 

	
 
	
5.
	
Representations and Warranties.

 

	
 
	
5.1.
	
Host Representations. Host represents and warrants to Client that:

 

	
 
	
1.
	
Host has full power and authority to enter into this Agreement and perform Host’s obligations hereunder;
	
 

 

7
 

 

 

	
 
	
2.
	
Host’s performance of its obligations hereunder will not violate any applicable laws or require the consent of any third party;
	
 

 

	
 
	
3.
	
The transaction herein meets the requirements of local laws, regulations, and industry norms of the jurisdiction of the Data Center and/or Client Space, and the content of this transaction with the Client is protected by any applicable laws.
	
 

	
 
	
4.
	
In the event Host provides any Services for Client Containers, Host shall be liable for the integrity and security of such Client Containers.
	
 

	
 
	
2.
	
No Other Host Warranties. The Services (including all materials supplied and used therewith) are provided “as is,” “where is”, and Client’s use of the Services is at Client’s own risk. Host does not make, and hereby disclaims, any and all representations and warranties, express or implied, whether in fact or by operation of law, statutory or otherwise, including, but not limited to, any representation or warranty regarding the price or liquidity of any Digital Asset, either now or in the future, warranties of merchantability, habitability, marketability, profitability, fitness for a particular purpose, suitability, noninfringement, title, or arising from a course of dealing, or trade practice.
	
 

 

	
 
	
3.
	
Client Representations. Client represents and warrants to Host that:

 

	
 
	
3.1.
	
Client has full power and authority to enter into this Agreement and perform Client’s obligations hereunder;
	
 

 

	
 
	
3.2.
	
Client will provide Client’s Bitcoin address to Host in compliance with Host’s Bitcoin address procedure. Client will verify that Host has correctly installed Client’s Bitcoin address and will immediately notify Host if there are any inaccuracies in Client’s Bitcoin address;
	
 

 

	
 
	
3.3.
	
Client will provide all end-user equipment, software, credentials, and/or related equipment that Client deems necessary or desirable for Client’s receipt of Digital Assets. Host does not provide, and Client shall hold Host harmless from, user or access security with respect to any of Client’s Equipment or the Data Center and shall be solely liable for user access security and network access to Client Equipment. Host will not provide any service to detect or identify any security breach of Client Equipment or the Data Center. Host will not provide any tests, tools, or techniques
	
 

 

8
 

 

intended to gain unauthorized access to Client Equipment or Client’s personal property;

 

	
 
	
3.4.
	
Client will at all times comply with the laws, regulations and rules of any applicable governmental or regulatory authority, including, without limitation, Money Service Business regulations under the Financial Crimes Enforcement Network (“FinCen”); state money transmission laws; laws, regulations, and rules of relevant tax authorities; applicable regulations and guidance set forth by FinCEN; the Bank Secrecy Act of 1970; the USA PATRIOT Act of 2001; AML/CTF provisions as mandated by U.S. federal law and any other rules and regulations regarding AML/CTF; issuances from the Office of Foreign Assets Control (“OFAC”); the National Futures Association; the Financial Industry Regulatory Authority; and the Commodity Exchange Act;
	
 

 

	
 
	
3.5.
	
Client will not use the Services to store or transmit infringing, libelous, or otherwise unlawful or tortious material, or to store or transmit material in violation of third party privacy rights; use the Services to store or transmit Viruses; attempt to gain unauthorized access to any Service or its related systems or networks; permit direct or indirect access to or use of any Service in a way that circumvents a contractual usage limit; copy a Service or any part, feature, function, or user interface thereof except as permitted under this Agreement; or use the Services in relation to any act deemed unlawful. Client will use commercially reasonable efforts to prevent unauthorized access to or unauthorized use of the Services and shall notify Host promptly of any such unauthorized access of use. For purposes of this section, “Viruses” means any malicious data, code, program, or other internal component (e.g., computer worm, computer time bomb or similar component), which could damage, destroy, alter, or disrupt any computer program, firmware, or hardware, or which could, in any manner, reveal, damage, destroy, alter, or disrupt any data or other information accessed through or processed by the Service in any manner;
	
 

 

	
 
	
3.6.
	
Client has clear title, free and clear of all security interests or liens, to Client Equipment, including the legal right to use, operate and locate Client Equipment in the Data Center; and
	
 

 

9
 

 

	
 
	
3.7.
	
Client’s performance of its obligations hereunder and receipt of the Digital Assets will not violate any applicable laws or require the consent of any third party.
	
 

 

	
 
	
2.
	
Limitations of Liability and Indemnification.

 

	
 
	
2.1.
	
Digital Assets. Host does not own any Digital Assets or associated equipment and does not own the underlying software protocols of Digital Asset networks which govern the operation of such Digital Assets. Host is not responsible for the operation of the underlying protocols and makes no guarantees regarding their security, functionality, or availability. In no event shall Host be liable to Client or any other entity for any decision made or action taken by Client in reliance on, or in connection with the Services. This limitation on liability includes, without limitation, any damage or interruptions caused by any computer viruses, spyware, scamware, trojan horses, worms, or other malware that may affect Client’s computer or other equipment, or any phishing, spoofing, domain typosquatting or other attacks (collectively, “Hacking”), or force majeure. If this disclaimer of liability section is deemed to conflict with any other section of this Agreement, this disclaimer of liability section shall prevail and control to the extent of the conflict. For purposes of this Agreement, “Digital Asset” means any digital asset, cryptocurrency, virtual currency, digital currency, or digital commodity, including, without limitation, Bitcoin and Ether, which is based on the cryptographic protocol of a computer network that may be: centralized or decentralized; closed or open-source; or used as a medium of exchange and/or store of value.
	
 

 

	
 
	
2.2.
	
Information Security. Client understands and agrees that use of telecommunications and data communications networks and the Internet may not be secure and that connection to and transmission of data and information over the Internet and such facilities provides the opportunity for unauthorized access to wallets, computer systems, networks, and all data stored therein. Information and data transmitted through the Internet or stored on any equipment through which Internet information is transmitted may not remain confidential, and Host does not make any representation or warranty regarding privacy, security, authenticity, and non-corruption or destruction of any such information. Host does not warrant that the Services or Client’s use will be uninterrupted, error-free, or secure. Host shall not be responsible for any adverse consequence or loss whatsoever to Client’s (or its users‟ or subscribers‟) use of the Services or the Internet. Use of any information transmitted or obtained by Client from Host is at Client’s own risk. Host is not responsible for the accuracy or quality of information obtained through its network, including as a result of failure of performance, error, omission, interruption, corruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction or
	
 

 

10
 

 

unauthorized access to, alteration of, or use of information or facilities, or malfunctioning of websites. Host does not control the transmission or flow of data to or from Host’s network and other portions of the Internet, including the Digital Asset networks. Such transmissions and/or flow depend in part on the performance of telecommunications and/or Internet services provided or controlled by third parties. At times, actions or inactions of such third parties may impair or disrupt Host or Client’s connections to the Services. Host does not represent or warrant that such events will not occur, and Host disclaims any and all liability resulting from or related to such acts or omissions. If Host suspects any security violations have occurred related to Client’s account or Digital Assets, Host may suspend access to Client’s account and hardware pending resolution.

	
 
	
2.3.
	
Consequential Damages. In no event will either Party be liable to the other for any type of incidental, special, exemplary, punitive, indirect or consequential damages, including, but not limited to, lost revenue, lost profits, replacement goods, loss of technology, rights or services, loss of data, or interruption or loss of use of service or equipment, even if such Party was advised of the possibility of such damages, and whether arising under theory of contract, tort, strict liability or otherwise.
	
 

 

	
 
	
2.4.
	
Damage to Client Equipment. Host shall not be responsible for any cosmetic damage or operation deficiency from Client Equipment, or Client Containers, not due to Host’s intentional acts or omissions, and Host shall not repair or reimburse the Client for any such damage without Host’s prior written consent.
	
 

 

6.5 Legal Processes. Host and its affiliates, service providers, and their respective officers, directors, agents, joint venturers, employees, and representatives may comply with any writ of attachment, execution, garnishment, tax levy, restraining order, subpoena, warrant or other legal process, which Host reasonably and in good faith believes to be valid. Host may notify Client of such process by electronic communication unless specifically ordered not to effect such notice. Host may charge Client for associated costs, in addition to any legal process fees. Client agrees to indemnify, defend, and hold Host harmless from all actions, claims, liabilities, losses, costs, attorney’s fees, or damages associated with Host’s compliance with any process that Host reasonably believes in good faith to be valid.

 

	
 
	
6.
	
Host Indemnification. In addition to any other applicable rights under this Agreement, Client agrees to indemnify, defend and hold harmless Host and its officers, managers, partners, members, agents, employees, affiliates, attorneys, heirs, successors and assigns (collectively “Host Parties”) from any and all claims, demands, actions, suits, proceedings, and all damages, judgments, liabilities, losses, and expenses, including, but not limited to, reasonable
	
 

 

11
 

 

attorneys‟ fees (“Losses”), arising from or relating to (a) any legal, regulatory or governmental action against or including Client, (b) the maintenance or operation of Client’s Equipment, (c) any Loss by any of Client, its officers, managers, partners, members, agents, employees, affiliates, attorneys, heirs, successors or assigns (collectively “Client Parties”), (d) any claim by an affiliate of the Client Parties, including a customer, relating to, or arising out of, this Agreement or the Services (including claims arising from or relating to interruptions, suspensions, failures, defects, delays, impairments or inadequacies in any of the aforementioned Services), (e) any breach or nonperformance by Client Parties of any provision or covenant contained in this Agreement or the Services, or (f) any claim related to Hacking.

 

	
 
	
7.
	
Client Indemnification. The Host shall indemnify, defend and hold harmless the Client and its respective Affiliates, officers, directors, employees, agents, successors and assigns from and against any and all Indemnifiable Losses resulting from or arising out of: (a) any inaccuracy in or breach or non- performance of any of the Host's representations and warranties, or other covenants or agreements in this Agreement or any other transaction document by the Host, (b) the failure of the Host to perform or observe fully any covenant, agreement or other provision to be performed or observed by it pursuant to this agreement or any other transaction document, or (c) any other matters, things or events which give rise to any Indemnified Party suffering or incurring Indemnifiable Losses with respect to its or its Affiliates’ investments in the Client. If and to the extent that such indemnification is unenforceable for any reason, the Host will make the maximum contribution to the payment and satisfaction of such indemnified liabilities permissible under applicable Law.
	
 

 

	
 
	
2.
	
Confidentiality.

 

	
 
	
1.
	
Disclosure and Use. Each Party agrees that it will not use in any way, nor disclose to any third party, the other Party’s Confidential Information, and will take reasonable precautions to protect the confidentiality of such information, as stringently as it takes to protect its own Confidential Information, but in no case will the degree of care be less than reasonable care. Nothing herein shall preclude disclosure by a Party to that Party’s attorneys, accountants and employees who have a bona fide need to know the other Party’s Confidential Information in connection with the receiving Party’s performance under this Agreement. Each Party agrees to only make copies of the other’s Confidential Information for purposes consistent with this Agreement, and each Party shall maintain on any such copies a proprietary legend or notice as contained on the original or as the disclosing Party may request. For purposes of this Section 9.1, “Confidential Information” means information which:
	
 

 

12
 

 

 

	
 
	
1.1.
	
Derives actual or potential economic value from not being generally known to, and not available through proper means, by other persons who could obtain economic value from receipt or use of such information;
	
 

 

	
 
	
1.2.
	
Is the subject of reasonable efforts by its owner to maintain its confidentiality or secrecy; or
	
 

 

	
 
	
1.3.
	
Is by its nature confidential, trade secrets or otherwise proprietary to its owner.
	
 

 

Confidential information includes the terms and conditions of this Agreement, software source and object code, inventions, know-how, data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, configurations, plans, processes, financial and business plans, names of actual or potential clients or suppliers, Data Center configuration, and proprietary technology developed or created by Host, including Host’s operations, design, content, hardware designs, algorithms, software (in source and object forms), user interface designs, architecture, class libraries, and documentation (both printed and electronic), know-how, trade secrets and any related intellectual property rights throughout the world, and any derivative works, improvements, enhancements or extensions thereof.

 

	
 
	
2.
	
Exclusions from Confidentiality Obligations. Notwithstanding the confidentiality obligations required herein, neither Party’s confidentiality obligations hereunder shall apply to information which:
	
 

 

	
 
	
2.1.
	
Is already known to the receiving Party (other than the terms of this Agreement); or
	
 

 

	
 
	
2.2.
	
Is required to be disclosed by Law, provided, however, if either Party is at any time requested or required to disclose any information supplied to it in connection with this Agreement, the Party agrees to provide the other Party with prompt notice of such request.
	
 

 

	
 
	
2.
	
Miscellaneous Provisions.

 

	
 
	
2.1.
	
Amendment. No provision of the Agreement may be amended, superseded, or otherwise modified unless the amendment or modification is agreed to in writing and signed by the Parties.
	
 

 

13
 

 

	
 
	
2.2.
	
Relocation of Client Equipment or Client Space. If it is necessary or desirable for Host’s efficient use of the Data Center to relocate the Client Equipment or Client Space to another area of the Data Center, the Parties shall cooperate in good faith to facilitate such relocation. Host shall be solely liable for the costs incurred in connection with any such relocation. Client shall be solely liable for costs incurred in connection with relocation made by Host at the request of Client. Host shall use commercially reasonable efforts to minimize and avoid any interruption in Services during such relocation.
	
 

 

	
 
	
2.3.
	
Force Majeure. In no event shall Host be responsible or liable for any failure or delay in the performance of its obligations arising out of the Agreement caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, epidemics, pandemics and related health disasters, and interruptions, loss, local, state, or national government acts, delays or conflicts with shippers, or malfunctions of utilities, communications, or computer (software and hardware) services.
	
 

 

	
 
	
2.4.
	
Notice. All notices, requests, consents, claims, demands, waivers, and other communications hereunder shall be in writing and addressed to either Party as set forth in this Section. All notices shall be delivered by internationally recognized overnight courier (with all fees prepaid) or electronic mail if adequate confirmation of receipt is provided. Except as otherwise provided in this Master Agreement, a notice is effective only if (i) the receiving Party has received the notice and (ii) the Party giving the notice has complied with the requirements of this Section. Notice is deemed received: in the case of internationally recognized overnight courier, the date and time the courier confirms delivery; or in the case of electronic mail, the date and time the recipient’s server receives the electronic mail. Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section):
	
 

 

 

 

	
 
	
BIT5IVE LLC:
	
1201 NW 112 Ave Suite 112 MEDLEY, FL
	
 

Email: andrea@bit5ive.com / robert@bit5ive.com

Attention: Andrea Siles / Robert Collazo

 

14
 

 

US Digital Mining and Hosting Co. LLC:

1200 West Platt St. Suite 100

Tampa, FL 33606

Email: rduran@lmfunding.com Attention: Ryan Duran

 

 

 

 

 

	
 
	
2.5.
	
Non-Circumvention. Client agrees not to contact persons or entities introduced by Host without the prior written consent of Host. Furthermore, Client agrees that Client shall not utilize confidential information nor consummate any transaction, for fees or otherwise, with any entity (including such entity's affiliates and related entities) introduced by Host without providing compensation to Host in an amount deemed acceptable to Host at Host‘s sole discretion. The provisions of this Subsection shall apply during the term of this Agreement and for two (2) calendar years thereafter.
	
 

 

	
 
	
2.6.
	
Non-Solicitation. During the term of this Agreement, and for two (2) calendar years thereafter, Client shall not induce any employee or contractor of Host to leave Host’s employ or contractual relationship or hire any such employee or contractor without Host’s prior written consent. Notwithstanding, an employee or contractor shall not be deemed to have been solicited or as a result hired for employment or contract solely as a result of a general public advertisement or other such general solicitation of employment.
	
 

 

	
 
	
2.7.
	
Non-Disparagement. Each Party agrees to take no action which is intended, or would reasonably be expected, to harm the other Party or its reputation or which would reasonably be expected to lead to unwanted or unfavorable publicity to the other Party. Such actions include, without limitation, disparaging remarks, comments or statements that impugn the character, honesty, integrity, morality or business acumen or abilities in connection with any aspect of the operation of the other Party.
	
 

 

The provisions of this Section do not extend to statements made by either Party when compelled by an authority of law; provided, however, that the Party making such statement informs the other Party (unless explicitly ordered not to do so by such legal authority).

 

	
 
	
2.8.
	
Assignment. Neither the Agreement nor any of the rights, interests, or obligations hereunder may be assigned by either Party (whether by operation of law or otherwise) without the prior written consent of the non-assigning Party. Subject to the preceding sentence, Host may assign the Agreement to its affiliates, parent, subsidiaries, or successors-in-interest without Client’s consent via written notice
	
 

 

15
 

 

to Client. Subject to the foregoing, the Agreement shall be binding upon and inure to the benefit of and be enforceable by the Parties and their respective successors and assigns.

 

	
 
	
2.9.
	
Entire Agreement. Unless specifically provided herein, this Agreement contains all of the understandings and representations between the Parties relating to the subject matter hereof and supersede all prior and contemporaneous understandings, discussions, agreements, representations, and warranties, both written and oral, regarding such subject matter.
	
 

 

	
 
	
2.10.
	
Severability. If any term or provision of the Agreement is held invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of the Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.
	
 

 

	
 
	
2.11.
	
Waiver. No waiver by either Party of any breach by the other Party of any term or provision of the Agreement to be performed by the other Party shall be deemed a waiver of any similar or dissimilar term or provision at the same or any prior or subsequent time, nor shall the failure of or delay by either Party in exercising any right, power, or privilege under the Agreement operate as a waiver thereof to preclude any other or further exercise thereof or the exercise of any other such right, power, or privilege.
	
 

 

	
 
	
2.12.
	
Third Party Beneficiaries. There shall be no third-party beneficiaries to this Agreement.
	
 

 

	
 
	
2.13.
	
Governing Law. The Agreement and all related documents including all exhibits attached hereto, and all matters arising out of or relating to this Agreement, whether sounding in contract, tort, statute, or otherwise, are governed by, and construed in accordance with the laws of the State of Florida (including its statutes of limitations and choice of law statutes), without giving effect to the conflict of laws provisions thereof to the extent such principles or rules would require or permit the application of the laws of any jurisdiction other than those of the State of Florida.
	
 

 

	
 
	
2.14.
	
Alternative Dispute Resolution. Unless the Parties agree otherwise in writing, in the event a dispute arises from, or related to, the terms or performance of the Agreement, the Parties shall engage in direct negotiation.
	
 

 

In the event such negotiations fail to amicably resolve any remaining dispute(s), the Parties shall proceed to binding arbitration before a single arbitrator of the American

 

16
 

 

Arbitration Association (“AAA”). In the event the Parties fail to agree on the identity of the arbitrator, the arbitrator shall be assigned to the Parties by the AAA.

 

Any arbitration shall be conducted in accordance with the AAA’s Commercial Arbitration Rules and Mediation Procedures.

 

Unless otherwise agreed to by the Parties in writing, the seat of arbitration shall be Miami, Florida.

 

The Parties shall bear their own dispute-related expenses.

 

	
 
	
2.15.
	
Jury Trial Waiver. To the full extent permitted by law, the Parties hereby expressly waive any and all right to a trial by jury on the issue to enforce any term or condition of the Agreement.
	
 

 

	
 
	
2.16.
	
Class Action Waiver. Any proceedings to resolve or litigate any dispute arising from the provisions of this Agreement will be conducted solely on an individual basis. Neither Party will seek to have any dispute heard as a class action, private attorney general action, or in any other proceeding in which either party acts or proposes to act in a representative capacity.
	
 

 

	
 
	
2.17.
	
Construction. The recitals and preamble are incorporated herein as if set forth at length.
	
 

 

	
 
	
2.18.
	
Counterparts. The Parties may execute this Agreement in multiple counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument. Delivery of an executed counterpart of this Agreement via facsimile, electronic mail in portable document format (.pdf), or by any other electronic means shall have the same effect as delivery of an executed original of this Agreement.
	
 

 

 

 

[Signature Page Follows]

 

17
 

 

IN WITNESS WHEREOF, the Parties have executed this Hosting Agreement as of Effective Date. The Company: UPTIME HOSTING LLC

 

	
 
	
By: Robert Collazo
	
 Print Name
	
 

 

          /s/ Robert Collazo

Signature

 

            President

  

Title

 

 

 

The Buyer: US DIGITAL MINING AND HOSTING CO. LLC

 

 

By:  Richard Russell

Print Name

 

           /s/ Richard Russell 

Signature

 

           Chief Financial Officer

Title

 

18
 

 

 

EXHIBIT A CLIENT EQUIPMENT

 

 

The following items shall constitute Client Equipment:

 

 

 

		
	
QTY
	
Description

	
5040
	
ASIC S19J Pro Bitmain Antminer, 100 th/s

 

 

 

The Commencement Date shall be April 2022.

 

19
 

 

ADDENDUM A

MINER ARRIVAL AND HOSTING PAYMENT SCHEDULE

 

 

 

Estimated miner arrival schedule:

 

 

							
	
 

Month
	
 

Apr-22
	
 

May-22
	
 

Jun-22
	
 

Jul-22
	
 

Aug-22
	
 

Sep-22

	
 

Miners Arriving
	
 

841
	
 

841
	
 

841
	
 

841
	
 

841
	
 

841

	
 

Total Miners Delivered
	
 

841
	
 

1682
	
 

2523
	
 

3364
	
 

4205
	
 

5046

	
 

Total MW Needed
	
 

3
	
 

6
	
 

9
	
 

12
	
 

15
	
 

18

 

 

 

Proposed Hosting payment schedule:

 

	
 
	
•
	
The Client shall pay the Company a non-refundable hosting deposit of forty three thousand eight hundred U.S. dollars ($43,800.00) for each of the eighteen (18) POD5IVE containers being purchased after the signing of this Agreement. The client will pay a total of seven hundred and eighty eight thousand four hundred U.S. dollars ($788,400.00) as the first deposit total of the Payment Schedule.
	
 

	
 
	
•
	
The Client shall pay the Company a second non-refundable deposit of forty three thousand eight hundred U.S. dollars ($43,800.00) for each POD5IVE container three (3) months prior to each individual container's arrival to the hosting site. This payment schedule will correlate with the estimated miner arrival schedule detailed above.
	
 

	
 
	
•
	
The Client shall pay the third and final remaining non-refundable hosting deposit of forty three thousand eight hundred U.S. dollars ($43,800.00) for each POD5IVE container one (1) month prior to each container’s arrival to its designated hosting site.
	
 

20EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 2 dated as of October 4, 2021 (this “Amendment”), to the Term Loan Agreement dated as of
March 16, 2020 (as heretofore amended, the “Existing Term Credit Agreement”), among HESS CORPORATION, a Delaware corporation, the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as administrative agent.

 WHEREAS, pursuant to the Existing Term Credit Agreement, the Lenders have provided Loans to the Borrower on the terms and subject to the
conditions set forth therein. 
 WHEREAS, the Borrower has requested that the Lenders consent to the amendments to the Existing Term Credit
Agreement on the terms and subject to the conditions set forth herein; and 
 WHEREAS, each Lender that is a party hereto (such Lenders
being collectively referred to as the “Consenting Lenders”; and any Lender party to the Existing Term Credit Agreement on the date hereof that is not a Consenting Lender being referred to as a
“Non-Consenting Lender”), collectively constituting the Required Lenders under the Existing Term Credit Agreement, is willing to agree to the amendments to the Existing Term Credit Agreement
on the terms and subject to the conditions set forth herein (the Existing Term Credit Agreement, as amended by this Amendment and as set forth in the form attached hereto as Exhibit I, being referred to herein as the “Amended Credit
Agreement”). 
 NOW THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. Defined
Terms. Each capitalized term used and not otherwise defined herein shall have the meaning assigned to such term in the Amended Credit Agreement. 

SECTION 2. Concerning the Existing Term Loans. (a) On and as of the Second Amendment Effective Date (as defined below), the entire
principal amount of the Loans of each Consenting Lender outstanding under the Existing Term Credit Agreement immediately prior to the effectiveness of this Amendment shall be redesignated as, and shall continue in effect under the Amended Credit
Agreement as, Tranche 1 Loans, in a like principal amount, of such Consenting Lender. The terms of the Tranche 1 Loans shall be as set forth in the Amended Credit Agreement with respect thereto, and on and as of the Second Amendment Effective Date
each Consenting Lender shall be referred to as a “Tranche 1 Lender”, and shall continue to be a “Lender” under the Amended Credit Agreement and the other Loan Documents, and shall have all the privileges, rights, and obligations
of a “Tranche 1 Lender” and a “Lender” under the Amended Credit Agreement and the other Loan Documents. 
 (b) On and as
of the Second Amendment Effective Date, the entire principal amount of the Loans of each Non-Consenting Lender outstanding under the Existing Term Credit Agreement immediately prior to the effectiveness of
this Amendment shall be redesignated as, and shall continue in effect under the Amended Credit Agreement as, Tranche 2 Loans, in a like principal amount, of such Non-Consenting Lender. The terms of the Tranche
2 

 Loans shall be as set forth in the Amended Credit Agreement with respect thereto, and on and as of the
Second Amendment Effective Date each Non-Consenting Lender shall be referred to as a “Tranche 2 Lender”, and shall continue to be a “Lender” under the Amended Credit Agreement and the other
Loan Documents, and shall have all the privileges, rights, and obligations of a “Tranche 2 Lender” and a “Lender” under the Amended Credit Agreement and the other Loan Documents. 

(c) Notwithstanding anything to the contrary in the Amended Credit Agreement, the Tranche 1 Loans and the Tranche 2 Loans shall initially be
of the same Type (and, in the case of Eurodollar Loans, shall have the same Interest Period) as the Loans that, pursuant to paragraph (a) or (b) above, have been redesignated as the Tranche 1 Loans or the Tranche 2 Loans, respectively, and
thereafter may be converted or continued as set forth in Section 2.08 of the Amended Credit Agreement. 
 SECTION 3. Amendments to
Existing Term Credit Agreement. Effective as of the Second Amendment Effective Date, (a) the Existing Term Credit Agreement (excluding the schedules and, except as set forth in clause (b) below, exhibits thereto, each of which shall
remain as in effect immediately prior to the Second Amendment Effective Date) is hereby amended to be in the form of Exhibit I hereto, and (b) Exhibits A and D to the Existing Term Credit Agreement are hereby amended and
restated to be in the form of Exhibits A and D to this Amendment. 
 SECTION 4. Representations and Warranties. The
Borrower represents and warrants to the Lenders that: 
 (a) On and as of the Second Amendment Effective Date, after giving effect to
this Amendment, the representations and warranties of the Borrower set forth in Article 3 of the Existing Term Credit Agreement (and treating all references therein to (i) “this Agreement” as references to “each of this Agreement and
the Second Amendment” and (ii) “the Effective Date” as references to “the Second Amendment Effective Date”) are true in all material respects (except to the extent (A) any such representations or warranties are
expressly limited to an earlier date, in which case such representations and warranties continue to be true and correct in all material respects as of such specified earlier date or (B) such representations or warranties are qualified by a
materiality standard, in which case such representations and warranties are true in all respects). 
 (b) On and as of the Second Amendment
Effective Date, before and after giving effect to this Amendment, no Default has occurred and is continuing. 
 SECTION 5.
Effectiveness. This Amendment and the amendment of the Existing Term Credit Agreement as set forth in Section 2 and 3 hereof shall become effective as of the first date (the “Second Amendment Effective Date”) on which
each of the following conditions precedent shall have been satisfied or waived: 
 (a) The Administrative Agent shall have received
from the Borrower and the Required Lenders either (i) a counterpart of this Amendment signed on behalf of such party or (ii) evidence satisfactory to the Administrative Agent (which may include a facsimile or electronic transmission) that such
party has signed a counterpart of this Amendment. 

  
 2 

 (b) The Administrative Agent shall have received, to the extent invoiced, reimbursement or
payment of all out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed or paid by the Borrower in connection with this
Amendment. 
 The Administrative Agent shall promptly notify, in writing, the Borrower and the Lenders of the Second Amendment Effective Date, and such
notice shall be conclusive and binding. 
 SECTION 6. Effect of Amendment. 

(a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or
otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Existing Term Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Existing Term Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to
entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Amended Credit Agreement or any other Loan Document in similar or
different circumstances. This Amendment shall constitute a “Loan Document” for all purposes of the Amended Credit Agreement and the other Loan Documents. 

(b) On and after the Second Amendment Effective Date, each reference in the Existing Term Credit Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import, as used in the Existing Term Credit Agreement, shall refer to the Existing Term Credit Agreement as amended hereby. 

SECTION 7. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile,
e-mailed .pdf or any other electronic image shall be effective as delivery of a manually executed counterpart of this Amendment. 

SECTION 8. Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York. 

SECTION 9. Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not
affect the construction of, or be taken into consideration in interpreting, this Amendment. 
 SECTION 10. Incorporation by
Reference. Sections 10.07(b), 10.08, 10.10(b), 10.10(c), 10.10(d), 10.11 and 10.13 of the Existing Term Credit Agreement are hereby incorporated by reference herein, mutatis mutandis. 

  
 3 

 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
 4 

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

					
	HESS CORPORATION
		
	    by	 	 /s/ John P. Rielly

		 	Name:	 	John P. Rielly
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

							
	Name of Lender: 	 		 		 	
			
		 		 	JPMORGAN CHASE BANK, N.A.,
				
		 		 	  By:	 	 /s/ Sofia Barrera Jaime

		 		 		 	Name: Sofia Barrera Jaime
		 		 		 	Title:   Vice President
		
	For any Lender requiring a second signature block:	 	
				
		 		 	  By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

							
	Name of Lender:	 		 		 	
			
		 		 	Goldman Sachs Bank USA
		 		 	  

				
		 		 	  By:	 	 /s/ Dan Martis

		 		 		 	Name: Dan Martis
		 		 		 	Title:   Authorized Signatory

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

			
	SUMITOMO MITSUI BANKING CORPORATION
		
	By:	 	 /s/ Jeffrey Cobb

		 	Name: Jeffrey Cobb
		 	Title:   Director

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

							
	Name of Lender:	 		 		 	
			
		 		 	Citibank, N.A.
				
		 		 	  By:	 	 /s/ Cathy Shepherd

		 		 		 	Name: Cathy Shepherd
		 		 		 	Title:   Vice President

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

							
	Name of Lender:	 		 	DNB Capital LLC
				
		 		 	  By:	 	 /s/ Kevin Utsey

		 		 		 	Name: Kevin Utsey
		 		 		 	Title:   Senior Vice President
				
		 		 	  By:	 	 /s/ Scott Joyce

		 		 		 	Name: Scott Joyce
		 		 		 	Title:   Senior Vice President

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

			
	Credit Agricole Corporate & Investment Bank
		
	By:	 	 /s/ Michael D. Willis

		 	Name: Michael D. Willis
		 	Title:   Managing Director
		
	By:	 	 /s/ Page Dillehunt

		 	Name: Page Dillehunt
		 	Title:   Managing Director

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

							
		 		 	Name of Lender: BNP Paribas
				
		 		 	By:	 	 /s/ Nicolas Anberree

		 		 		 	Name: Nicolas Anberree
		 		 		 	Title:   Director
			
	For any Lender requiring a second signature block:	 		 	
				
		 		 	By:	 	 /s/ Denis O’Meara

		 		 		 	Name: Denis O’Meara
		 		 		 	Title:   Managing Director

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 LENDER SIGNATURE PAGE TO 

SECOND AMENDMENT TO 
 THE TERM LOAN
AGREEMENT OF 
 HESS CORPORATION 
  

							
	Name of Lender:	 		 		 	
			
		 		 	 Truist Bank

				
		 		 	By:	 	 /s/ Lincoln LaCour

		 		 		 	Name: Lincoln LaCour
		 		 		 	Title:   Vice President

  
 [Signature Page to
Amendment No. 2 to the Term Loan Agreement] 

 Exhibit I 

[See Attached] 

 EXHIBIT I 

VERSION REFLECTING CHANGES 

PURSUANT TO SECOND AMENDMENT 
  

 
  

 
 

 
 TERM LOAN AGREEMENT 

dated as of March 16, 2020, 

among 
 HESS CORPORATION, 

THE LENDERS PARTY HERETO, 
 and

 JPMORGAN CHASE BANK, N.A., 

as Administrative Agent 
  

 
 JPMORGAN CHASE
BANK, N.A., 
 GOLDMAN SACHS BANK USA, 

SUMITOMO MITSUI BANKING CORPORATION 

and 
 CITIBANK, N.A., 

as Joint Lead Arrangers and Joint Bookrunners 

DNB MARKETS, INC., 
 as Senior
Managing Agent 
  
  

 
  

 
 [CS&M Ref No. 6701-425] 

 TABLE OF CONTENTS 
  

							
	ARTICLE I	  

	
	Definitions	  

			
	 SECTION 1.01.
	  	 Defined Terms
	  	 	1	 
	 SECTION 1.02.
	  	 Classification of Loans and Borrowings
	  	 	24	 
	 SECTION 1.03.
	  	 Terms Generally
	  	 	24	 
	 SECTION 1.04.
	  	 Accounting Terms; GAAP
	  	 	25	 
	 SECTION 1.05.
	  	 Interest Rates; LIBOR Notification
	  	 	25	 
	 SECTION 1.06.
	  	 Divisions
	  	 	26	 
	
	 ARTICLE II
	  

	
	The Credits	  

			
	 SECTION 2.01.
	  	 Commitments and Loans
	  	 	26	 
	 SECTION 2.02.
	  	 Loans and Borrowings
	  	 	26	 
	 SECTION 2.03.
	  	 Requests for Borrowings
	  	 	27	 
	 SECTION 2.04.
	  	 [Reserved]
	  	 	28	 
	 SECTION 2.05.
	  	 [Reserved]
	  	 	28	 
	 SECTION 2.06.
	  	 [Reserved]
	  	 	28	 
	 SECTION 2.07.
	  	 Funding of Borrowings
	  	 	28	 
	 SECTION 2.08.
	  	 Interest Elections
	  	 	29	 
	 SECTION 2.09.
	  	 Termination and Reduction of Commitments
	  	 	30	 
	 SECTION 2.10.
	  	 Repayment of Loans; Evidence of Debt
	  	 	30	 
	 SECTION 2.11.
	  	 Prepayment of Loans
	  	 	30	 
	 SECTION 2.12.
	  	 Fees
	  	 	31	 
	 SECTION 2.13.
	  	 Interest
	  	 	31	 
	 SECTION 2.14.
	  	 Alternate Rate of Interest
	  	 	32	 
	 SECTION 2.15.
	  	 Increased Costs
	  	 	33	 
	 SECTION 2.16.
	  	 Break Funding Payments
	  	 	34	 
	 SECTION 2.17.
	  	 Taxes
	  	 	35	 
	 SECTION 2.18.
	  	 Payments Generally; Pro Rata Treatment; Sharing of Setoffs
	  	 	38	 
	 SECTION 2.19.
	  	 Mitigation Obligations; Replacement of Lenders
	  	 	40	 
	 SECTION 2.20.
	  	 [Reserved]
	  	 	41	 
	 SECTION 2.21.
	  	 Defaulting Lenders
	  	 	41	 

  
 i 

							
	ARTICLE III	  

	
	Representations and Warranties	  

			
	 SECTION 3.01.
	  	 Corporate Existence and Power; Compliance with Law and Agreements
	  	 	41	 
	 SECTION 3.02.
	  	 Corporate Authority
	  	 	42	 
	 SECTION 3.03.
	  	 Enforceability
	  	 	42	 
	 SECTION 3.04.
	  	 Financial Condition; No Material Adverse Effect
	  	 	42	 
	 SECTION 3.05.
	  	 Litigation
	  	 	42	 
	 SECTION 3.06.
	  	 ERISA
	  	 	42	 
	 SECTION 3.07.
	  	 Environmental Matters
	  	 	42	 
	 SECTION 3.08.
	  	 Federal Regulations
	  	 	43	 
	 SECTION 3.09.
	  	 Investment Company Status
	  	 	43	 
	 SECTION 3.10.
	  	 Scheduled Debt
	  	 	43	 
	 SECTION 3.11.
	  	 Anti-Corruption Laws and Sanctions
	  	 	43	 
	
	ARTICLE IV	  

	
	Conditions	  

			
	 SECTION 4.01.
	  	 Conditions to Effectiveness
	  	 	43	 
	 SECTION 4.02.
	  	 Conditions to the Funding Date
	  	 	44	 
	
	ARTICLE V	  

	
	Affirmative Covenants	  

			
	 SECTION 5.01.
	  	 Financial Statements and Other Information
	  	 	45	 
	 SECTION 5.02.
	  	 Notices of Material Events
	  	 	46	 
	 SECTION 5.03.
	  	 Existence; Conduct of Business
	  	 	46	 
	 SECTION 5.04.
	  	 Insurance
	  	 	46	 
	 SECTION 5.05.
	  	 Compliance with Laws
	  	 	47	 
	 SECTION 5.06.
	  	 Use of Proceeds
	  	 	47	 
	
	ARTICLE VI	  

	
	Negative Covenants	  

			
	 SECTION 6.01.
	  	 Liens
	  	 	47	 
	 SECTION 6.02.
	  	 Fundamental Changes
	  	 	48	 
	 SECTION 6.03.
	  	 Restrictive Agreements
	  	 	49	 
	 SECTION 6.04.
	  	 Future Subsidiary Guarantees
	  	 	49	 
	 SECTION 6.05.
	  	 Capitalization Ratios
	  	 	49	 

  
 ii 

							
	ARTICLE VII	  

	
	Events of Default	  

	
	ARTICLE VIII	  

	
	The Administrative Agent	  

	
	ARTICLE IX	  

	
	[Reserved]	  

	
	ARTICLE X	  

	
	Miscellaneous	  

			
	 SECTION 10.01.
	  	 Notices
	  	 	58	 
	 SECTION 10.02.
	  	 Waivers; Amendments
	  	 	59	 
	 SECTION 10.03.
	  	 Expenses; Indemnity; Damage Waiver
	  	 	61	 
	 SECTION 10.04.
	  	 Successors and Assigns
	  	 	63	 
	 SECTION 10.05.
	  	 Survival
	  	 	65	 
	 SECTION 10.06.
	  	 USA PATRIOT Act and the Beneficial Ownership Regulation
	  	 	66	 
	 SECTION 10.07.
	  	 Counterparts; Integration; Effectiveness; Electronic Execution
	  	 	66	 
	 SECTION 10.08.
	  	 Severability
	  	 	67	 
	 SECTION 10.09.
	  	 Right of Setoff
	  	 	67	 
	 SECTION 10.10.
	  	 Governing Law; Jurisdiction; Consent to Service of Process; Process Agent; Waiver of
Immunity
	  	 	67	 
	 SECTION 10.11.
	  	 WAIVER OF JURY TRIAL
	  	 	68	 
	 SECTION 10.12.
	  	 Headings
	  	 	68	 
	 SECTION 10.13.
	  	 Confidentiality; Non-Public Information
	  	 	68	 
	 SECTION 10.14.
	  	 No Fiduciary Relationship
	  	 	69	 
	 SECTION 10.15.
	  	 [Reserved]
	  	 	70	 
	 SECTION 10.16.
	  	 Interest Rate Limitation
	  	 	70	 
	 SECTION 10.17.
	  	 Acknowledgement and Consent to Bail-In of
Affected Financial Institutions
	  	 	70	 

  
 iii 

 SCHEDULES: 
  

			
	 Schedule 2.01
	  	Commitments
	 Schedule 3.10
	  	Scheduled Debt
	 Schedule 6.01
	  	Existing Liens
		
	 EXHIBITS:
	  	
		
	 Exhibit A
	  	Form of Assignment and Acceptance
	 Exhibit B
	  	Form of Note
	 Exhibit C
	  	Form of Borrowing Request
	 Exhibit D
	  	Form of Interest Election Request
	 Exhibit E
	  	[Reserved]
	 Exhibit F
	  	[Reserved]
	 Exhibit G-1
	  	[Reserved]
	 Exhibit G-2
	  	[Reserved]
	 Exhibit H-1
	  	Form of U.S. Tax Certificate (Foreign Lenders that are Not Partnerships)
	 Exhibit H-2
	  	Form of U.S. Tax Certificate (Foreign Participants that are Not Partnerships)
	 Exhibit H-3
	  	Form of U.S. Tax Certificate (Foreign Participants that are Partnerships)
	 Exhibit H-4
	  	Form of U.S. Tax Certificate (Foreign Lenders that are Partnerships)

  
 iv 

 TERM LOAN AGREEMENT dated as of March 16, 2020, among HESS
CORPORATION, a Delaware corporation; the LENDERS party hereto; and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 
 The parties hereto
agree as follows: 
 ARTICLE I 

Definitions 
 SECTION 1.01.
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABR”, when used
in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

“Accommodation Guarantee Indebtedness” has the meaning assigned to such term in clause (e) of Article VII. 

“Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 

“Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent hereunder and under the other
Loan Documents, and its successors in such capacity as provided in Article VIII. 
 “Administrative Questionnaire” means an
Administrative Questionnaire in a form supplied by the Administrative Agent. 
 “Affected Financial Institution” means
(a) any EEA Financial Institution or (b) any UK Financial Institution. 
 “Affiliate” means, with respect to a
specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agreement” means this Term Loan Agreement. 

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such
day, (b) the NYFRB Rate in effect on such day plus 1/2 of 1% per annum and (c) the Adjusted LIBO Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day) for a deposit in dollars with a maturity of
one month plus 1% per annum. For purposes of clause (c) above, the Adjusted LIBO Rate on any day shall be based on the LIBO Screen Rate (or, if the LIBO Screen Rate is not available for a maturity of one 

 
month, the Interpolated Screen Rate) at approximately 11:00 a.m., London time, on such day for deposits in dollars with a maturity of one month; provided that if such rate shall be less
than zero, such rate shall be deemed to be zero. Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime
Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.14 (for the avoidance of doubt, only until an amendment hereto has become effective
pursuant to Section 2.14(b)), then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. 

“Anti-Corruption Laws” means all laws, rules and regulations of any jurisdiction applicable to the Borrower or its
Subsidiaries from time to time concerning or relating to bribery or corruption. 
 “Applicable Rate” means, for any day on
and after the Second Amendment Effective Date, (a) with respect to any Tranche 1 Eurodollar Loan or Tranche 1 ABR Loan, the applicable rate per annum set forth in the grid below titled “Tranche 1” under the caption “Eurodollar
Spread” or “ABR Spread”, as applicable and (b) with respect to any Tranche 2 Eurodollar Loan or Tranche 2 ABR Loan, the applicable rate per annum set forth in the grid below titled “Tranche 2” under the caption
“Eurodollar Spread” or “ABR Spread”, as applicable, in each case, based upon the Public Debt Ratings applicable on such day: 
  

									
	 Tranche 1
	 
	 Public Debt Rating
	  	Eurodollar Spread	 	 	ABR Spread	 
	 Level I

3 Baa3 / BBB-/ BBB-
	  	 	2.000	% 	 	 	1.000	% 
	 Level II

Ba1 / BB+/ BB+
	  	 	2.325	% 	 	 	1.325	% 
	 Level III < Ba1 / BB+/ BB+ or unrated
	  	 	2.475	% 	 	 	1.475	% 

  
 2 

									
	 Tranche 2
	 
	 Public Debt Rating
	  	Eurodollar Spread	 	 	ABR Spread	 
	 Level I

3 Baa3 / BBB-/ BBB-
	  	 	2.500	% 	 	 	1.500	% 
	 Level II

Ba1 / BB+/ BB+
	  	 	2.825	% 	 	 	1.825	% 
	 Level III < Ba1 / BB+/ BB+ or unrated
	  	 	2.975	% 	 	 	1.975	% 

 ; provided that, for each Level, each of the Eurodollar Spreads and ABR Spreads set forth in the grid above will
increase by, from and after the second anniversary of the Effective Date, 25 basis points per annum. 
 For purposes of the foregoing,
(a) if only one or two of the Rating Agencies shall have in effect a Public Debt Rating, the Applicable Rate shall be determined by reference to the available rating or ratings; provided that if neither S&P nor Moody’s shall
have in effect a Public Debt Rating, the Applicable Rate will be determined by reference to Level III as set forth in the applicable grid above; (b) if none of the Rating Agencies shall have in effect a Public Debt Rating, the Applicable Rate
will be determined by reference to Level III as set forth in the applicable grid above; (c) if the Public Debt Ratings established by the Rating Agencies shall fall within different Levels, the Applicable Rate shall be determined by reference
to the lower of the two highest Public Debt Ratings, provided that if the higher of such two Public Debt Ratings is more than one Level above the second highest of such Public Debt Ratings, the Applicable Rate shall be determined by reference
to the Level immediately above that corresponding to such second highest Public Debt Rating; (d) if the Public Debt Rating established by any Rating Agency shall be changed, such change shall be effective as of the date on which such change is
first announced publicly by such Rating Agency; and (e) if any Rating Agency shall change the basis on which Public Debt Ratings are established, each reference to the Public Debt Rating announced by such Rating Agency shall refer to the then
equivalent rating by such Rating Agency. 
 “Approved Fund” means any Person (other than a natural person) that is engaged
in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity
or an Affiliate of an entity that administers or manages a Lender. 
 “Arranger” means each of JPMorgan Chase Bank, N.A.,
Goldman Sachs Bank USA, Sumitomo Mitsui Banking Corporation and Citibank, N.A. in their capacities as joint lead arrangers and joint bookrunners for the Facility. 

  
 3 

 “Assignment and Acceptance” means an assignment and acceptance entered into
by a Lender and an Eligible Assignee (with the consent of any Person whose consent is required by Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” means (a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the
United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their Affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Bankruptcy Event” means, with respect to any Person, that such Person has become the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or has taken any action
indicating its consent to, approval of or acquiescence in, any such proceeding or appointment; provided that (a) a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership
interest, in such Person by a Governmental Authority, provided, however, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States of America or from
the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any agreements made by such Person, and (b) a Bankruptcy Event shall not result
solely by virtue of an Undisclosed Administration. 
 “Benchmark Replacement” means the sum of: (a) the alternate
benchmark rate (which may be a SOFR-Based Rate) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a
rate by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the LIBO Rate for U.S. dollar-denominated syndicated credit facilities and (b) the
Benchmark Replacement Adjustment; provided that if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for all purposes of this Agreement; provided further that
any such Benchmark Replacement shall be administratively feasible as determined by the Administrative Agent in its reasonable discretion. 

“Benchmark Replacement Adjustment” means the spread adjustment, or method for calculating or determining such spread
adjustment (which may be a positive or negative value or zero), that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for

  
 4 

 
calculating or determining such spread adjustment, for the replacement of the LIBO Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body and/or (b) any
evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the LIBO Rate with the applicable Unadjusted Benchmark Replacement for U.S.
dollar-denominated syndicated credit facilities at such time (for the avoidance of doubt, such Benchmark Replacement Adjustment shall not be in the form of a reduction to the Applicable Rate). 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or
operational changes (including changes to the definition of “Alternate Base Rate”, the definition of “Interest Period”, timing and frequency of determining rates and making payments of interest and other administrative matters)
that the Administrative Agent decides in its reasonable discretion, in consultation with the Borrower, may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the
Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines
that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement). 

“Benchmark Replacement Date” means the earlier to occur of the following events with respect to the LIBO Rate: 

(a) in the case of clause (a) or (b) of the definition of “Benchmark Transition Event”, the later of (i) the date of the
public statement or publication of information referenced therein and (ii) the date on which the administrator of the LIBO Screen Rate permanently or indefinitely ceases to provide the LIBO Screen Rate; or 

(b) in the case of clause (c) of the definition of “Benchmark Transition Event”, the date of the public statement or
publication of information referenced therein. 
 “Benchmark Transition Event” means the occurrence of one or more of the
following events with respect to the LIBO Rate: 
 (a) a public statement or publication of information by or on behalf of the administrator
of the LIBO Screen Rate announcing that such administrator has ceased or will cease to provide the LIBO Screen Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide the LIBO Screen Rate; 
 (b) a public statement or publication of information by the regulatory supervisor for
the administrator of the LIBO Screen Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the LIBO Screen Rate, a resolution authority with jurisdiction over the administrator for the LIBO Screen
Rate or a court or an entity with similar insolvency or resolution authority over the administrator for the LIBO Screen Rate, in each case which states that the administrator of the LIBO Screen Rate has ceased or will cease to provide the LIBO
Screen Rate permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBO Screen Rate; and/or 

  
 5 

 (c) a public statement or publication of information by the regulatory supervisor for
the administrator of the LIBO Screen Rate announcing that the LIBO Screen Rate is no longer representative. 
 “Benchmark Transition
Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information
of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the
date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Borrower,
the Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders. 
 “Benchmark Unavailability
Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the LIBO Rate and solely to the extent that the LIBO Rate has not been replaced with a Benchmark Replacement, the period
(a) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the LIBO Rate for all purposes hereunder in accordance with Section 2.14 and (b) ending at the time
that a Benchmark Replacement has replaced the LIBO Rate for all purposes hereunder pursuant to Section 2.14. 
 “Beneficial
Ownership Certification” means a certification regarding beneficial ownership or control as required by the Beneficial Ownership Regulation, substantially similar in form to the form of Certification Regarding Beneficial Owners of Legal
Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and Securities Industry and Financial Markets Association. 

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is
subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of the Plan Asset Regulations or otherwise for purposes of Title I of ERISA
or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “Board”
means the Board of Governors of the Federal Reserve System of the United States of America. 
 “Borrower” means Hess
Corporation, a Delaware corporation. 
 “Borrower Capitalization Ratio” means, on any date of determination, the ratio of
(a) Total Consolidated Debt on such date to (b) Total Capitalization on such date. 

  
 6 

 “Borrowing” means Loans of the same Class and Type made, converted or
continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Borrowing
Request” means a request by the Borrower for Loans in accordance with Section 2.03, which, if in writing, shall be substantially in the form of Exhibit C or any other form acceptable to the Administrative Agent. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed; provided that the term “Business Day” shall also exclude, when used in connection with a Eurodollar Loan, any day on which banks are not open for dealings in dollar deposits in the
London interbank market. 
 “Capital Lease” means, with respect to any Person which is the lessee thereunder, any lease or
charter of property, real or personal, which would, in accordance with GAAP, be recorded as an asset under a capital lease on a balance sheet of such Person. 

“Capitalized Lease Obligation” means, with respect to any Person on any date, the amount which would, in accordance with
GAAP, be recorded as an obligation under a Capital Lease on a balance sheet of such Person as lessee under such Capital Lease as at such date. For all purposes of this Agreement, Capitalized Lease Obligations shall be deemed to be Debt secured by a
Lien on the assets subject to the applicable Capital Lease. 
 “Change in Law” means (a) the adoption or taking effect
of any law, rule, regulation or treaty after the Effective Date, (b) any change in any law, rule, regulation or treaty or in the interpretation or application thereof by any Governmental Authority after the Effective Date or (c) compliance
by any Lender (or, for purposes of Section 2.15(b), by any lending office of such Lender or by such Lender’s holding company, if any) with any request, rule, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the Effective Date; provided that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or
directives thereunder or issued in connection therewith and (ii) all requests, rules guidelines 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 financial regulatory authorities, 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, promulgated or issued. 

“Charges” has the meaning assigned to such term in Section 10.16. 

“Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Tranche 1 Loans or Tranche 2 Loans and (b) any Lender, refers to whether such Lender is a Tranche 1 Lender or a Tranche 2 Lender. 

“Code” means the Internal Revenue Code of 1986. 

“Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans under the Existing Term Credit
Agreement, expressed as an amount 

  
 7 

 
representing the maximum aggregate principal amount of the Loans to be made by such Lender thereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09
of the Existing Term Credit Agreement and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04 of the Existing Term Credit Agreement. The initial amount of each Lender’s
Commitment was set forth on Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Commitment, as applicable. The aggregate amount of the Lenders’ Commitments on the Effective Date was
$1,000,000,000. 
 “Communications” means, collectively, any notice, demand, communication, information, document or other
material provided by or on behalf of the Borrower pursuant to any Loan Document or the transactions contemplated therein that is distributed to the Administrative Agent or any Lender by means of electronic communications pursuant to
Section 10.01, including through any Electronic System. 
 “Compounded SOFR” means the compounded average of SOFRs for
the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable
prior to the end of each Interest Period) being established by the Administrative Agent in accordance with: 
 (a) the rate, or
methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded SOFR; or 

(b) if, and to the extent that, the Administrative Agent determines that Compounded SOFR cannot be determined in accordance with clause
(a) above, then the rate, or methodology for this rate, and conventions for this rate that the Administrative Agent determines in its reasonable discretion are substantially consistent with any evolving or then-prevailing market convention for
determining compounded SOFR for U.S. dollar-denominated syndicated credit facilities at such time; 
 provided that if the
Administrative Agent decides that any such rate, methodology or convention determined in accordance with clause (a) or (b) above is not administratively feasible for the Administrative Agent, then Compounded SOFR will be deemed unable to be
determined for purposes of the definition of “Benchmark Replacement”. 
 “Connection Income Taxes” means Other
Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated Current Liabilities” means, on any date, all amounts which, in accordance with GAAP, would be classified as
current liabilities on a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as at such date. 

“Consolidated Intangibles” means, on any date, all assets of the Borrower and its Consolidated Subsidiaries, determined on a
consolidated basis, that would, in accordance with GAAP, be classified as intangible assets on a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as at such date, including, without limitation, unamortized debt discount

  
 8 

 
and expense, unamortized organization and reorganization expense, costs in excess of the fair market value of acquired companies, patents, trade or service marks, franchises, trade names,
goodwill and the amount of all write-ups in the book value of assets resulting from any revaluation thereof (other than revaluations arising out of foreign currency valuations in accordance with GAAP). 

“Consolidated Net Tangible Assets” means, on any date, an amount equal to (a) the amount that would, in accordance with
GAAP, be included as total assets on the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as at such date minus (b) the sum of (i) Consolidated Intangibles at such date and (ii) Consolidated Current
Liabilities at such date; provided that (A) the amount of assets under clause (a) above and the amount of Consolidated Intangibles under clause (b)(i) above shall, in each case, be determined excluding all assets of any Midstream
Subsidiary (and, in the case of clause (a) above, excluding any equity interests of the Borrower or any Consolidated Subsidiary in any Midstream Subsidiary) and (B) the amount of Consolidated Current Liabilities under clause (b)(ii) above
shall exclude any current liabilities of the Midstream Subsidiaries, provided that to the extent such current liabilities are Guaranteed by the Borrower or any Consolidated Subsidiary (other than a Midstream Subsidiary), the amount of such
current liabilities that are so Guaranteed shall be included in determining Consolidated Current Liabilities. 
 “Consolidated
Subsidiaries” means, with respect to any Person on any date, all Subsidiaries and other entities whose accounts are consolidated with the accounts of such Person as of such date in accordance with GAAP. 

“Continuing Directors” has the meaning assigned to such term in clause (i) of Article VII. 

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

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Corresponding Tenor” means, with respect to a Benchmark Replacement, a tenor (including overnight) having approximately the
same length (disregarding any business day adjustment) as the applicable tenor for the applicable Interest Period with respect to the LIBO Rate. 

“Credit Party” means the Administrative Agent and each Lender. 

“Debt” means, with respect to any Person, (a) indebtedness for borrowed money (including indebtedness evidenced by debt
securities), (b) obligations to pay the deferred purchase price of property or services, except trade accounts payable in the ordinary course of business, (c) Capitalized Lease Obligations, in the case of each of the foregoing clauses
(a) through (c), for which such Person or any of its Consolidated Subsidiaries shall be liable as primary obligor or 

  
 9 

 
under any Guarantee of any such indebtedness or other such obligations of an entity not included in such Person’s consolidated financial statements and (d) any such indebtedness or
other such obligations of any entity not included in such Person’s consolidated financial statements secured in any manner by any Lien upon any assets of such Person or any of its Consolidated Subsidiaries; provided that for purposes of
the computation of any Debt under this Agreement there shall be no duplication of any item of primary or other indebtedness or other obligation referred to above, whether such item reflects the indebtedness or other obligation of such Person or any
of its Consolidated Subsidiaries or of any entity not included in such Person’s consolidated financial statements; and provided further that when computing Debt of the Borrower and its Consolidated Subsidiaries (other than for
purposes of Section 6.01) the first $100,000,000 in the aggregate for which the Borrower and its Consolidated Subsidiaries shall be liable under any Guarantee of any Debt of a Person the accounts of which are not consolidated with the accounts
of the Borrower in its consolidated financial statements shall be excluded from the computation of Debt of the Borrower and its Consolidated Subsidiaries. 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means any Lender that (a) has
failed, within two Business Days of the date required to be funded or paid, (i) to fund any portion of its Loans or (ii) to pay to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause
(i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified in such writing, including, if
applicable, by reference to a specific Default) has not been satisfied, (b) has notified the Borrower or any Credit Party in writing, or has made a public statement, to the effect that it does not intend or expect to comply with any of its
funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good-faith determination that a condition precedent (specifically identified in such writing, including, if
applicable, by reference to a specific Default) to funding a Loan cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after written request by the
Administrative Agent made in good faith to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective Loans; provided that such Lender shall cease to be a
Defaulting Lender pursuant to this clause (c) upon receipt of such certification by the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent or (d) has become, or the Lender Parent of which has
become, the subject of a Bankruptcy Event or a Bail-In Action. 
 “Delayed Draw Availability
Period” means the period from and including the Effective Date to, and including, the Delayed Draw Funding Deadline. 

“Delayed Draw Funding Deadline” means the date that is 30 days after the Effective Date. 

“Dividing Person” has the meaning assigned to it in the definition of “Division”.

  
 10 

 “Division” means the division of the assets, liabilities and/or obligations
of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person
may or may not survive. 
 “dollars” or “$” refers to lawful money of the United States of America. 

“Early Opt-in Election” means the occurrence of: 

(a) (i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with
a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.14(b), are being executed
or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBO Rate, and 
 (b) (i) the election
by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written
notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent. 

“EEA Financial Institution” means (a) any institution established in any EEA Member Country that is subject to the
supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) above or (c) any institution established in an EEA Member Country that is a
Subsidiary of an institution described in clause (a) or (b) above and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway. 

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions set forth in Section 4.01 were satisfied. The parties hereto
acknowledge that the Effective Date occurred on March 16, 2020. 
 “Electronic Signature” means an electronic
signature, sound, symbol or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record. 

“Electronic System” means any electronic system, including email, e-fax,
Intralinks®, ClearPar®, Debt Domain, Syndtrak and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent or any of its Related Parties or any other Person, providing
for access to data protected by passcodes or other security system. 

  
 11 

 “Eligible Assignee” means (a) a Lender, (b) an Affiliate of a
Lender, (c) an Approved Fund and (d) any commercial bank, insurance company, investment or mutual fund or other Person that is an “accredited investor” (as defined in Regulation D under the Securities Act) and that extends credit
or buys loans in the ordinary course of business, other than, in each case, (i) a Defaulting Lender or a Lender Parent thereof, (ii) the Borrower or any of its Subsidiaries or (iii) a natural person. 

“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or other governmental restrictions relating to the environment, threatened or endangered species, the release of any materials into the environment or, as it
relates to exposure to hazardous or toxic materials, health and safety. 
 “Environmental Liability” means any liability,
contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) release, threatened release, spill, discharge, disposal, emission or injection of any
Hazardous Materials into, or migration of Hazardous Materials through, the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“ERISA” means the Employee Retirement Income Security Act of 1974. 

“Erroneous Payment” has the meaning assigned to such term in Article VIII. 

“Erroneous Payment Return Deficiency” has the meaning assigned to such term in Article VIII. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurodollar”, when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of Default” has the meaning
assigned to such term in Article VII. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a
Credit Party or required to be deducted or withheld from a payment to a Credit Party: (a) income or franchise Taxes imposed on (or measured by) net income, in each case (i) by the United States of America (or any political subdivision or
taxing authority thereof or therein), or by the jurisdiction under the laws of which such Credit Party is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or
(ii) that are Other Connection Taxes, (b) any branch profits Taxes imposed by the United States of America or any similar Tax imposed by any other jurisdiction in which any Lender is located, (c) in the case of a Foreign Lender (other
than an assignee pursuant to a request by the Borrower under 

  
 12 

 
Section 2.19(b)) or any foreign branch or Affiliate of a Lender caused by such Lender to make a Loan under Section 2.02(b), any U.S. Federal withholding Tax that is imposed on amounts
payable to such Foreign Lender pursuant to any laws in effect at the time such Foreign Lender becomes a party to this Agreement or such foreign branch or Affiliate is caused to make such a Loan, except to the extent that such Foreign Lender’s
assignor (if any) was entitled, at the time of assignment, to receive additional amounts from the Borrower with respect to such withholding Tax pursuant to Section 2.17(a), (d) Taxes attributable to such Credit Party’s failure or inability
to comply with Section 2.17(f), and (e) any Taxes imposed under FATCA. 
 “Existing Revolving Credit Agreement”
means the Credit Agreement, dated as of April 18, 2019, among the Borrower, the borrowing subsidiaries from time to time party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. 

“Existing Term Credit Agreement” has the meaning assigned to such term in the Second Amendment. 

“Existing Term Loans” has the meaning assigned to such term in Section 2.01. 

“Facility” means the term loan facility provided for herein. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the Effective Date (and any amended or successor version that is
substantively comparable and not materially more onerous to comply with), and any regulations or official interpretations thereof, any intergovernmental agreements entered into thereunder and any agreements entered into pursuant to
Section 1471(b)(1) of the Code, or any U.S. or non-U.S. fiscal or regulatory legislation, rules, guidance notes or practices adopted pursuant to any intergovernmental agreement entered into in connection
with the implementation of such sections of the Code or analogous provisions of non-U.S. law. 

“FCA” has the meaning assigned to such term in Section 1.05. 

“Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds
transactions by depository institutions, as determined in such manner as shall be set forth on the NYFRB Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; provided
that if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 
 “Fee
Letter” means the Fee Letter dated March 16, 2020, between the Borrower and JPMorgan Chase Bank, N.A., executed in connection with the Facility. 

“Financial Officer” means, with respect to the Borrower, the chief financial officer, principal accounting officer, treasurer
or controller of the Borrower; provided that, when such term is used in reference to any document executed by, or a certification of, a Financial Officer, the secretary or assistant secretary of such Person shall have delivered an incumbency
certificate to or shall have an incumbency certificate on file with the Administrative Agent as to the authority of such individual acting in such capacity. 

  
 13 

 “Fitch” means Fitch Ratings, Inc., or any successor to its rating agency
business. 
 “Foreign Lender” means a Lender that is not a U.S. Person. 

“Funding Date” means, with respect to any Loan or any Borrowing, the date on which such Loan, or the Loans comprising such
Borrowing, were made pursuant to Section 2.01 of the Existing Term Credit Agreement. 
 “GAAP” means, subject to
Section 1.04, generally accepted accounting principles in the United States of America as in effect from time to time (including any requirements thereof promulgated by the SEC). 

“GIP JV Partner” means GIP II Blue Holding Partnership, L.P., a Delaware limited partnership, any of its successors or
assigns or any other Affiliate or investment fund of Global Infrastructure Partners. 
 “Governmental Authority” means the
government of the United States of America or any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank). 

“Guarantee” by any Person means any direct or indirect undertaking to assume, guarantee, endorse, contingently agree to
purchase or to provide funds for the payment of, or otherwise become liable in respect of, any obligation of any other Person, excluding endorsements for collection or deposit in the ordinary course of business. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes
or other pollutants, including petroleum or petroleum distillates, well completion and fracturing fluids, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or
wastes of any nature regulated pursuant to any Environmental Law. 
 “Hess JV” means Hess Infrastructure Partners GP LLC, a
Delaware limited liability company. 
 “in writing” means any written communication (including communication by facsimile
and electronic communication) delivered in accordance with Section 10.01. 
 “Indemnified Taxes” means Taxes, other
than (a) Excluded Taxes and (b) Other Taxes. 
 “Indemnitee” has the meaning assigned to such term in
Section 10.03(b). 
 “Information” has the meaning assigned to such term in Section 10.13. 

  
 14 

 “Interest Election Request” means a request by the Borrower to convert or
continue a Borrowing in accordance with Section 2.08, which, if in writing, shall be substantially in the form of Exhibit D or any other form acceptable to the Administrative Agent. 

“Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each March, June, September and December
and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three months’
duration, each day during such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. 

“Interest Period” means, with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one week (if generally available) or one, three or six months thereafter, as the Borrower may elect; provided that (a) if any Interest Period would end on a day
other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless (other than in the case of a one week Interest Period), such next succeeding Business Day would fall in the next calendar month, in which
case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period (other than a one week Interest Period) that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (c) except with respect to the Loans of any Lender that otherwise agrees, any
Interest Period that otherwise would extend beyond the Maturity Date shall end on the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date
of the most recent conversion or continuation of such Borrowing. 
 “Interpolated Screen Rate” means, at any time, with
respect to any Eurodollar Borrowing for any Interest Period or the definition of the term “Alternate Base Rate”, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative
Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between (a) the LIBO Screen Rate for the longest period for which the LIBO Screen Rate
is available that is shorter than the applicable period and (b) the LIBO Screen Rate for the shortest period for which the LIBO Screen Rate is available that exceeds the applicable period, in each case, at such time. 

“Lender Parent” means, with respect to any Lender, any Person in respect of which such Lender is a Subsidiary. 

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an
Assignment and Acceptance, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Acceptance. 

“LIBO Rate” means, with respect to each Interest Period pertaining to a Eurodollar Borrowing, the LIBO Screen Rate at
approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if no LIBO Screen Rate shall be available at such time for a particular period, then the LIBO Rate for such period shall
be the 

  
 15 

 
Interpolated Screen Rate. Notwithstanding the foregoing, if the LIBO Rate, determined as provided above, would otherwise be less than zero, then the LIBO Rate shall be deemed to be zero for all
purposes of this Agreement. 
 “LIBO Screen Rate” means, for any day and time, with respect to any Eurodollar Borrowing for
any Interest Period or with respect to any determination of the Alternate Base Rate pursuant to clause (c) of the definition thereof, the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person
that takes over the administration of such rate) for deposits in dollars (for delivery on the first day of such Interest Period) for a period equal in length to the applicable period as displayed on the Reuters screen page that displays such rate
(currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time
to time as an authorized information vendor for displaying such rates in its reasonable discretion). 
 “Lien” means any
mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any agreement to give any of the foregoing), any conditional sale or other title retention agreement, or any lease in the nature thereof. 

“Loan Documents” means, collectively, this Agreement, each Note, any other agreement, instrument or document executed in
connection herewith and therewith that is designated as a “Loan Document” for purposes hereof by a written agreement of the Borrower and the Administrative Agent (or the Borrower and the Required Lenders) and, other than for purposes of
Section 10.02, the Fee Letter, in each case as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. 

“Material Adverse Effect” means (a) when used in any representation and warranty or covenant of the Borrower on and as
of the Effective Date or the Funding Date, any event, development or circumstance that has had or, other than as such term is used in Section 3.04(b), could reasonably be expected to have a material adverse effect on (i) the
business, assets, property or financial condition of the Borrower and its Consolidated Subsidiaries taken as a whole, or (ii) the validity or enforceability of this Agreement or the rights and remedies of the Administrative Agent or the Lenders
hereunder and (b) when used in any representation and warranty or covenant of the Borrower on any date after the Effective Date (but excluding the Funding Date), any change in the consolidated financial condition or operations of the Borrower
and its Consolidated Subsidiaries from that set forth in the audited consolidated financial statements of the Borrower as of and for the fiscal year ended December 31, 2019, that is likely to affect materially and adversely the Borrower’s
ability to comply with Section 6.05 or to perform its other obligations to the Lenders under this Agreement. 
 “Material
Indebtedness” means Debt (other than the Loans) in an aggregate principal amount exceeding $150,000,000. 

  
 16 

 “Maturity Date” means March 16, 2023; provided, however,
that if such date is not a Business Day, then the Maturity Date shall be the next preceding Business Day. 
 “Maximum Rate”
has the meaning assigned to such term in Section 10.16. 
 “Midstream GP LLC” means Hess Midstream GP LLC, a Delaware
limited liability company. 
 “Midstream MLP” means Hess Midstream LP, a Delaware limited partnership. 

“Midstream MLP GP” means Hess Midstream GP LP, a Delaware limited partnership. 

“Midstream Subsidiaries” means each of: 

(a) Hess JV (or (i) any of its successors and any Subsidiary of the Borrower that is a direct or indirect parent of Hess
JV and that is jointly owned by the Borrower and the GIP JV Partner and (ii) in the case of any Person described in clause (i) above that is a limited partnership, the general partner of such Person); 

(b) Midstream MLP, Midstream MLP GP and Midstream GP LLC (or, in each case, any of their respective successors); 

(c) any Subsidiary of any of the Persons described in clause (a) or (b) above; and 

(d) any other Subsidiary of the Borrower that engages solely in a midstream energy business that is materially consistent with
the midstream energy activities of the Subsidiaries of the Borrower described in clause (a) through (c) above. 

“MNPI” means material non-public information concerning the Borrower or any
Subsidiary or any other Affiliate thereof or any of their respective securities within the meaning of United States federal and state securities laws. 

“Moody’s” means Moody’s Investors Service, Inc., and any successor to its rating agency business. 

“Note” has the meaning assigned to such term in Section 2.10(e). 

“NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the
term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided
further that if any of the foregoing rates shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

  
 17 

 “NYFRB Website” means the website of the NYFRB at
http://www.newyorkfed.org, or any successor source. 
 “Other Connection Taxes” means, with respect to any Lender or the
Administrative Agent, Taxes imposed as a result of a present or former connection between such Lender or the Administrative Agent and the jurisdiction imposing such Taxes (other than connections arising from such Lender or the Administrative Agent
having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned
an interest in any Loan or Loan Document). 
 “Other Taxes” means any present or future stamp, court, documentary,
intangible, recording, filing or similar excise or property Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or otherwise with respect to any Loan Document except to the extent
any such Taxes are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.19(b)). 

“Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar
borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB Website from time to time, and published on the next succeeding Business Day by the NYFRB as an
overnight bank funding rate; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

“Participant” has the meaning assigned to such term in Section 10.04(e). 

“Participant Register” has the meaning assigned to such term in Section 10.04(e). 

“Payment Recipient” has the meaning assigned to such term in Article VIII. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Permitted Encumbrances” means: 

(a) Liens imposed by law for Taxes that are not yet due or are being contested in good faith by appropriate proceedings and as
to which appropriate reserves have been set aside in accordance with GAAP; 
 (b) carriers’, warehousemen’s,
mechanics’, materialmen’s, and repairmen’s Liens, Liens for crew’s wages or salvage (or making deposits to release such Liens) and other like Liens imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than 30 days or are being contested in good faith by appropriate proceedings and as to which appropriate reserves have been set aside in accordance with GAAP; 

  
 18 

 (c) Liens on standard industry terms imposed by charter parties or under
contracts of affreightment; 
 (d) Liens arising out of judgments or awards against the Borrower or any of its Consolidated
Subsidiaries with respect to which the Borrower or such Consolidated Subsidiary at the time shall currently be prosecuting an appeal or proceedings for review and with respect to which it shall have secured a stay of execution pending such appeal or
proceedings for review; 
 (e) pledges and deposits made in the ordinary course of business in compliance with workers’
compensation, unemployment insurance and other social security laws or regulations; 
 (f) deposits to secure the performance
of bids, trade contracts, leases, statutory obligations, surety and appeal bonds or performance bonds, margin posted to secure payment or performance under futures, forwards or Swap Agreements, and other obligations of a like nature, in each case in
the ordinary course of business; 
 (g) easements, zoning restrictions, rights-of-way and similar encumbrances on real property and imperfections of titles imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not
materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any of its Consolidated Subsidiaries; 

(h) Liens on any oil and/or gas properties or other mineral interests of the Borrower or any of its Consolidated Subsidiaries,
whether developed or undeveloped, arising as security for the Borrower’s or such Consolidated Subsidiary’s costs and expenses incurred by it in connection with the exploration, development or operation of such properties, in favor of a
Person that is conducting the exploration, development or operation of such properties, or in connection with farmout, dry hole, bottom hole, communitization, unitization, pooling and operating agreements and/or other agreements of like general
nature incident to the acquisition, exploration, development and operation of such properties or as required by regulatory agencies having jurisdiction in the premises; 

(i) overriding royalties, royalties, production payments, net profits interests or like interests to be paid out of production
from oil and/or gas properties or other mineral interests of the Borrower or any of its Consolidated Subsidiaries, or to be paid out of the proceeds from the sale of any such production; and 

(j) banker’s liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with
depository institutions and securities accounts and other financial assets maintained with a securities intermediary; provided that such deposit accounts or funds and securities accounts or other financial assets are not established or
deposited for the purpose of providing collateral for any Debt and are not subject to restrictions on access by the Borrower or any of its Subsidiaries in excess of those required by applicable banking regulations; 

provided that the term “Permitted Encumbrances” shall not include any Lien securing Debt. 

  
 19 

 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan Asset
Regulations” means 29 CFR § 2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time to time. 

“Prime Rate” means the rate of interest per annum last quoted by The Wall Street Journal as the “prime rate”
in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan”
or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Board (as determined by the Administrative Agent). Each change in the Prime Rate shall be
effective from and including the date such change is publicly announced or quoted as being effective. 
 “PTE” means a
prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. 

“Public Debt Rating” means the rating assigned by S&P, Moody’s or Fitch to the Borrower’s senior unsecured non-credit enhanced long term debt.     
 “Rating Agency” means
Moody’s, S&P or Fitch. 
 “Register” has the meaning assigned to such term in Section 10.04(c). 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, members, partners, trustees, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Relevant
Governmental Body” means the Board and/or the NYFRB, or a committee officially endorsed or convened by Board and/or the NYFRB or, in each case, any successor thereto. 

“Required Lenders” means, at any time, Lenders having Loans and Commitments representing more than 50% of the aggregate
principal amount of all the Loans outstanding and all the Commitments in effect at such time. 
 “Resolution Authority”
means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 
 “Reuters”
means Thomson Reuters Corporation, a corporation incorporated under and governed by the Business Corporations Act (Ontario), Canada, Refinitiv or, in each case, a successor thereto. 

“S&P” means S&P Global Ratings, a division of S&P Global Inc., or any successor to its rating agency business.

  
 20 

 “Sanctioned Country” means, at any time, a country, region or territory
that is at such time itself or whose government is the subject or target of any comprehensive Sanctions. 
 “Sanctioned
Person” means, at any time, (a) any Person that is listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the United Nations Security
Council, the European Union or Her Majesty’s Treasury of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons. 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
(a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her
Majesty’s Treasury of the United Kingdom. 
 “SEC” means the United States Securities and Exchange Commission. 

“Second Amendment” means the Second Amendment, dated as of October 4, 2021, to this Agreement. 

“Second Amendment Effective Date” has the meaning assigned to such term in the Second Amendment. 

“Securities Act” means the United States Securities Act of 1933. 

“Significant Subsidiary” means, with respect to any Person on any date, a Consolidated Subsidiary of such Person that as of
such date satisfies the definition of a “significant subsidiary” contained as of the Effective Date in Regulation S-X of the SEC. 

“SOFR” means, with respect to any day, the secured overnight financing rate published for such day by the NYFRB, as the
administrator of the benchmark (or a successor administrator), on the NYFRB Website. 
 “SOFR-Based Rate” means SOFR,
Compounded SOFR or Term SOFR. 
 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which
is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which
the Administrative Agent is subject for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar
Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D
or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

  
 21 

 “Subsidiary” means, with respect to any Person (the
“parent”) at any date, any corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more
Subsidiaries of the parent or by the parent and one or more Subsidiaries of the parent. Unless otherwise specified, all references herein to Subsidiaries shall be deemed to refer to Subsidiaries of the Borrower. 

“Swap Agreement” means any interest rate, currency or commodity swap agreement or other interest rate, currency or commodity
price protection agreement capable of financial settlement only. 
 “Swap Payment Obligation” means, with respect to any
Person, an obligation of such Person to pay money, either in respect of a periodic payment or upon termination, to a counterparty under a Swap Agreement, after giving effect to any netting arrangements between such Person and such counterparty and
such Person’s rights of setoff in respect of such obligation provided for in such Swap Agreement. 
 “Taxes” means any
and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings (including backup withholdings) imposed by any Governmental Authority including any interest, additions to tax or penalties applicable thereto. 

“Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant
Governmental Body. 
 “Total Capitalization” on any date means the sum of (a) Total Consolidated Debt on such date and
(b) total shareholders’ equity of the Borrower on such date, determined on a consolidated basis in accordance with GAAP; provided that in determining the total shareholders’ equity of the Borrower as of any date, (i) the
portion thereof attributable to Midstream Subsidiaries may not exceed the lesser of (A) the book value of the equity interests in the Midstream Subsidiaries, solely to the extent owned by the Borrower and its Consolidated Subsidiaries (other
than the Midstream Subsidiaries), and (B) $500,000,000, (ii) for the avoidance of doubt, any interests in the Midstream Subsidiaries that, in accordance with GAAP, would be required to be set forth as
non-controlling interests on the consolidated balance sheet of the Borrower prepared in accordance with GAAP shall be excluded and (iii) the cumulative amount of any
non-cash write downs of oil and gas assets recognized by the Borrower or any of its Consolidated Subsidiaries (other than the Midstream Subsidiaries) for any fiscal quarter of the Borrower ending after the
Effective Date shall be added back. 
 “Total Consolidated Debt” on any date means all Debt of the Borrower and its
Consolidated Subsidiaries on such date, determined on a consolidated basis in accordance with GAAP; provided that the Debt of the Midstream Subsidiaries shall be excluded, except to the extent such Debt is Guaranteed by the Borrower or any
Consolidated Subsidiary (other than a Midstream Subsidiary). 
 “Tranche 1 Borrowing” means a Borrowing comprised of
Tranche 1 Loans. 

  
 22 

 “Tranche 1 Lender” means any Lender holding a Tranche 1 Loan. 

“Tranche 1 Loan” means any Existing Term Loan that, pursuant to the Second Amendment, has been redesignated on the Second
Amendment Effective Date as a “Tranche 1 Loan” hereunder. 
 “Tranche 2 Borrowing” means a Borrowing comprised of
Tranche 2 Loans. 
 “Tranche 2 Lender” means any Lender holding a Tranche 2 Loan. 

“Tranche 2 Loan” means any Existing Term Loan that, pursuant to the Second Amendment, has been redesignated on the Second
Amendment Effective Date as a “Tranche 2 Loan” hereunder. 
 “Transactions” means each of the execution, delivery
and performance by the Borrower of this Agreement and each other Loan Document and the borrowing of Loans hereunder and the use of the proceeds thereof. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 
 “UK Financial
Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA
Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain Affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark Replacement” means the Benchmark Replacement
excluding the Benchmark Replacement Adjustment; provided that, if the Unadjusted Benchmark Replacement as so determined would be less than zero, the Unadjusted Benchmark Replacement will be deemed to be zero for all purposes of this
Agreement. 
 “Undisclosed Administration” means, with respect to any Lender, the appointment of an administrator or other
similar supervisory official by a supervisory authority or regulator pursuant to the law of the country where such Lender is subject to home jurisdiction supervision if the applicable law of such country requires that such appointment not be
publicly disclosed (and such appointment has not been publicly disclosed). 
 “U.S. Person” means a “United States
person” within the meaning of Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the
meaning assigned to such term in Section 2.17(f)(ii)(B)(3). 

  
 23 

 “USA PATRIOT Act” means the USA PATRIOT Improvement and Reauthorization
Act, Title III of Pub. L. 109-177. 
 “Withholding Agent” means the Borrower, the
Administrative Agent and any agent of the Borrower or the Administrative Agent acting on its behalf. 
 “Write-Down and Conversion
Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the
applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable
Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises,
to convert all or part of that liability into shares, securities or obligations of such Person or any other Person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any
obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

SECTION 1.02. Classification of Loans and Borrowings. For purposes of this Agreement, Loans and Borrowings may be classified and
referred to by Class (e.g., a “Tranche 1 Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Tranche 1 Loan”). Borrowings also may be classified and referred
to by Class (e.g., a “Tranche 1 Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Tranche 1 Borrowing”). 

SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement (including
this Agreement), instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s permitted successors and assigns and, in the case of any Governmental Authority, any other Governmental Authority
that shall have succeeded to any or all functions thereof, (c) except as otherwise expressly provided herein, any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time
amended, supplemented or otherwise modified (including by succession of comparable successor laws), and all references to any statute shall be construed as referring to all rules, regulations, rulings and official interpretations promulgated or
issued thereunder, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(e) 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 and (f) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

  
 24 

 SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, notwithstanding the foregoing, for purposes of this Agreement (other than Section 5.01) GAAP shall
be determined, all terms of an accounting or financial nature shall be construed, and all computations of amounts and ratios referred to herein shall be made, (a) without giving effect to any change thereto as a result of the adoption of any of
the provisions set forth in the Accounting Standards Update 2016-02, Leases (Topic 842), issued by the Financial Accounting Standards Board in February 2016, or any other amendments to the Accounting
Standards Codifications issued by the Financial Accounting Standards Board in connection therewith, in each case if such change would require the recognition of
right-of-use assets and lease liabilities for leases or similar agreements that would not be classified as Capital Leases under GAAP as in effect on December 31,
2015 and (b) without giving effect to (i) any election under Accounting Standards Codification 825, Financial Instruments, or any successor thereto (including pursuant to the Accounting Standards Codification), to value any Debt or
other obligation of the Borrower or any of its Subsidiaries at “fair value”, as defined therein, or (ii) any treatment of indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such indebtedness in a reduced or bifurcated manner as described therein,
and such indebtedness shall at all times be valued at the full stated principal amount thereof; provided further that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to
eliminate the effect of any change occurring after the Effective Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to
any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied
immediately before such change shall have become effective until such notice shall have been withdrawn or such provision is amended in accordance herewith. 

SECTION 1.05. Interest Rates; LIBOR Notification. The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate,
which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. On
March 5, 2021, the U.K. Financial Conduct Authority (“FCA”) publicly announced that: (a) immediately after December 31, 2021, publication of the 1-week and 2-month Dollar London interbank offered rate settings will permanently cease; immediately after June 30, 2023, publication of the overnight and 12-month Dollar London
interbank offered rate settings will permanently cease; and immediately after June 30, 2023, the 1-month, 3-month and
6-month Dollar London interbank offered rate settings will cease to be provided or, subject to the FCA’s consideration of the case, be provided on a changed methodology (or “synthetic”) basis
and no longer be representative of the underlying market and economic reality they are intended to measure and that representativeness will not be restored. There is no assurance that dates announced by the FCA will not change or that the
administrator of the London interbank offered rate and/or regulators will not take further action that could impact the availability, composition, 

  
 25 

 
or characteristics of the London interbank offered rate or the currencies and/or tenors for which the London interbank offered rate is published. Each party to this Agreement should consult its
own advisors to stay informed of any such developments. Public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. Upon the
occurrence of a Benchmark Transition Event or an Early Opt-in Election, Section 2.14(b) provides the mechanism for determining an alternative rate of interest. The Administrative Agent will promptly
notify the Company, pursuant to Section 2.14(b), of any changes to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not
have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate
thereto, or replacement rate thereof (including, without limitation, (a) any such alternative, successor or replacement rate implemented pursuant to Section 2.14(b), whether upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, and (b) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section 2.14(b)), including, without limitation, whether the composition or characteristics of any
such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its
discontinuance or unavailability. 
 SECTION 1.06. Divisions. For all purposes under the Loan Documents, in connection with any
Division: (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent
Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its equity interests at such time. 

ARTICLE II 
 The Credits 

SECTION 2.01. Commitments and Loans. Subject to the terms and conditions set forth in the Existing Term Credit Agreement, the Lenders
party thereto agreed to make, and made, Loans in dollars to the Borrower in a single drawing on the Funding Date in an amount not to exceed each such Lender’s Commitment as in effect immediately prior to the making of such Loan. The Borrower
and the Lenders acknowledge that the Loans made under the Existing Term Credit Agreement (the “Existing Term Loans”), to the extent outstanding on the Second Amendment Effective Date, have been designated, pursuant to the Second
Amendment, to be either Tranche 1 Loans or Tranche 2 Loans and that such Existing Term Loans shall continue to be outstanding pursuant to the terms and conditions of this agreement and the other Loan Documents as Tranche 1 Loans or Tranche 2 Loans,
as applicable. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. 
 SECTION 2.02. Loans and
Borrowings. (a) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made by the Lenders, ratably in accordance with 

  
 26 

 
their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the
Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b) Subject to Section 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in
accordance herewith and shall be in dollars. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the
obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 
 (c) At the commencement of each Interest
Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $10,000,000; provided that a Eurodollar Borrowing that results from a continuation of an
outstanding Eurodollar Borrowing may be in an aggregate amount that is equal to such outstanding Borrowing. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000;
provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the aggregate Commitments. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not
at any time be more than a total of 10 (or such greater number as may be agreed to by the Administrative Agent) outstanding Eurodollar Borrowings. 

SECTION 2.03. Requests for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by
telephone (a) in the case of any Eurodollar Borrowing, not later than 12:00 p.m., New York City time, three Business Days before the date of the proposed Borrowing; provided, that for any Borrowings made on the Funding Date, the
Borrower may notify the Administrative Agent one Business Day before the date of the proposed Borrowing or (b) in the case of any ABR Borrowing, not later than 1:00 p.m., New York City time, on the Business Day of the proposed Borrowing. Each
such telephonic Borrowing Request shall be confirmed promptly by delivery to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall be irrevocable and shall specify
the following information in compliance with Section 2.02: 
 (i) the aggregate amount of the requested Borrowing; 

(ii) the date of such Borrowing, which shall be a Business Day; 

(iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period” (or such other period as shall be agreed by the Borrower and the Administrative Agent and set forth in the Borrowing Request, it being agreed that, for purposes of determining
the LIBO Screen Rate with respect to such other period, it shall be deemed to be an Interest Period of three months’ duration); and 

  
 27 

 (v) the location and number of the account of the Borrower to which funds
are to be disbursed. 
 If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest
Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one week’s duration (if generally available) or otherwise of one month’s duration. Promptly
following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

SECTION 2.04. [Reserved]. 

SECTION 2.05. [Reserved]. 

SECTION 2.06. [Reserved]. 

SECTION 2.07. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof
by wire transfer of immediately available funds to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, such transfers to be made by (i) 12:00 p.m., New York City time, in the case of
Eurodollar Borrowings and (ii) 3:00 p.m., New York City time, in the case of ABR Borrowings, in each case on the date such Loan is made. The Administrative Agent will make such amounts available to the Borrower by promptly remitting the amounts so
received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing Request. 
 (b) Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may
assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has
not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest
thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater of the
NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of a payment to be made by the Borrower, the interest rate applicable to ABR Loans. If the
Borrower and such Lender shall both pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period.
If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a
Lender that shall have failed to make such payment to the Administrative Agent. 

  
 28 

 SECTION 2.08. Interest Elections. (a) Each Borrowing initially shall be of the
Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as is specified in such Borrowing Request or as is otherwise provided in Section 2.03. Thereafter, the Borrower
may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with
respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a
separate Borrowing. 
 (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election
by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic
Interest Election Request shall be confirmed promptly by delivery to the Administrative Agent of a written Interest Election Request signed by the Borrower. 

(c) Each telephonic and written Interest Election Request shall be irrevocable and shall specify the following information in compliance with
Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and, if different options are being
elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting
Borrowing); 
 (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a
Business Day; 
 (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 

(iv) if the resulting Borrowing is to be a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving
effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such Interest Election
Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one week’s duration (if generally available) or otherwise of one month’s duration.

 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the applicable
Class of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) If the Borrower fails to deliver a
timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be
converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default under clause (g) or (h) of Article VII has occurred and is continuing with respect 

  
 29 

 
to the Borrower, or if any other Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower of the election to
give effect to this sentence on account of such other Event of Default, then, in each case, so long as such Event of Default is continuing (i) no outstanding Borrowing of any Class may be converted to or continued as a Eurodollar Borrowing
and (ii) unless repaid, each Eurodollar Borrowing of any Class shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

SECTION 2.09. Termination and Reduction of Commitments. The Commitments of the Lenders terminated on the Funding Date in accordance
with the Existing Term Credit Agreement. 
 SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) The Borrower hereby
unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan of such Lender made to the Borrower on the Maturity Date. 

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to
such Lender resulting from each Loan made by such Lender to the Borrower, including the Type thereof and the amounts of principal and interest payable and paid to such Lender by the Borrower from time to time hereunder. 

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made to the Borrower hereunder,
the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any
sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (d) The entries
made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall, absent manifest error, be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any
Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans or pay any other amounts due hereunder in accordance with the terms of this Agreement.

 (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute
and deliver to such Lender a nonnegotiable promissory note substantially in the form attached as Exhibit B (a “Note”) payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns).
Thereafter, the Loans evidenced by such Notes and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented by one or more Notes payable to the payee named therein (or, if such Note is a
registered Note, to such payee and its permitted registered assigns). 
 SECTION 2.11. Prepayment of Loans. (a) The Borrower
shall have the right at any time and from time to time to prepay any Borrowing of any Class made by it in whole or in 

  
 30 

 
part, subject to prior notice in accordance with paragraph (b) of this Section; provided that each partial prepayment of any Borrowing of any Class shall be in an amount that is
an integral multiple of $1,000,000 and not less than $1,000,000. 
 (b) The Borrower shall notify the Administrative Agent by telephone
(confirmed in writing) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three Business Days before the date of prepayment or (ii) in the case of prepayment
of an ABR Borrowing, not later than 2:30 p.m., New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing (including the
Class thereof) or portion thereof to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or any other event specified in such notice, in which case
such notice may be revoked by the Borrower (by notice to the Administrative Agent prior to such specified prepayment time) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative
Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing of any Class shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in
Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest on the amount prepaid. 

SECTION 2.12. Fees. (a) The Borrower agrees to pay to the Administrative Agent and each of the Lenders, for their own accounts,
fees payable in the amounts and at the times separately agreed upon between the Borrower and such other parties. 
 (b) All fees payable
hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, in the case of fees payable for the account of the Lenders, to the applicable Lenders. Absent manifest error, fees paid shall not
be refundable under any circumstances. 
 SECTION 2.13. Interest. (a) Each ABR Loan shall bear interest at a rate per annum
equal to the Alternate Base Rate plus the Applicable Rate. 
 (b) Each Eurodollar Loan shall bear interest at a rate per annum equal to the
Adjusted LIBO Rate for the Interest Period in effect for the Eurodollar Borrowing of which such Loan is a part plus the Applicable Rate. 

(c) [Reserved]. 
 (d)
[Reserved]. 
 (e) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by
the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue
principal of any Loan, 2% per annum plus the rate otherwise applicable to such Loan as provided above, or (ii) in the case of any other amount, 2% per annum plus the rate applicable to ABR Loans as provided above. 

  
 31 

 (f) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and on the Maturity Date; provided that (i) interest accrued pursuant to paragraph (e) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan, accrued interest on
the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on
such Loan shall be payable on the effective date of such conversion. 
 (g) All interest hereunder shall be computed on the basis of a year
of 360 days, except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be
payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive
absent manifest error. 
 SECTION 2.14. Alternate Rate of Interest. (a) If prior to the commencement of any Interest Period for
a Eurodollar Borrowing of any Class: 
 (i) the Administrative Agent determines (which determination shall be conclusive
absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate (including because the LIBO Screen Rate is not available or published on a current basis), for such Interest Period; provided that
no Benchmark Transition Event shall have occurred at such time; or 
 (ii) the Administrative Agent is advised by the
Required Lenders that because of a change in circumstances affecting the Eurodollar market generally the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making, continuing, converting to
or maintaining their Loans included in such Borrowing for such Interest Period; 
 then the Administrative Agent shall give notice (which may be telephonic)
thereof to the Borrower and the Lenders as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any Interest Election
Request that requests the conversion of any Borrowing of any Class to, or continuation of any Borrowing of any Class as, a Eurodollar Borrowing shall be ineffective and such Borrowing shall continue as an ABR Borrowing of the same
Class and (B) if any Borrowing Request requests a Eurodollar Borrowing of any Class, such Borrowing shall be made as an ABR Borrowing of the same Class. 

(b) (i) Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition
Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the LIBO Rate with a Benchmark Replacement. Any such amendment with respect to a
Benchmark Transition Event will become effective at 5:00 p.m., New York City time, on the fifth Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower, so long as the Administrative Agent has
not received, by such time, written notice of 

  
 32 

 
objection to such proposed amendment from Lenders comprising the Required Lenders; provided that, with respect to any proposed amendment containing any SOFR-Based Rate, the Lenders shall
be entitled to object only to the Benchmark Replacement Adjustment contained therein. Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the
Required Lenders have delivered to the Administrative Agent written notice that such Lenders consent to such amendment. No replacement of the LIBO Rate with a Benchmark Replacement will occur prior to the applicable Benchmark Transition Start Date.

 (ii) In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to
make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective
without any further action or consent of any other party to this Agreement. 
 (iii) The Administrative Agent will promptly
notify the Borrower and the Lenders of (A) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition
Start Date, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes and (D) the commencement or conclusion of any Benchmark Unavailability Period. 

(iv) Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, (A) any request
pursuant to Section 2.08 for a conversion of any Borrowing of any Class to, or continuation of any Borrowing of any Class as, a Eurodollar Borrowing shall be ineffective, and, on the last day of the then current Interest Period
applicable thereto, such Borrowing shall be continued as an ABR Borrowing of the same Class and (B) any request pursuant to Section 2.03 for a Eurodollar Borrowing of any Class shall be deemed to be a request for an ABR Borrowing
of the same Class. 
 (v) Any determination, decision or election that may be made by the Administrative Agent or the Lenders
pursuant to this Section 2.14, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or
refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this
Section 2.14. 
 SECTION 2.15. Increased Costs. (a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement (including any compulsory loan
requirement or insurance charge) against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(ii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this
Agreement or Loans made by such Lender; or 

  
 33 

 (iii) subject any Lender or the Administrative Agent to any Taxes (other
than (A) Indemnified Taxes or Other Taxes, (B) Taxes described in clauses (b) through (e) of the definition of the term “Excluded Taxes” and (C) Connection Income Taxes) on its loans, loan principal, commitments or
other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 
 and the result of any of the foregoing shall be to
increase the cost to such Lender or the Administrative Agent of making, converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such
Lender or the Administrative Agent hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such Lender or the Administrative Agent, as the case may be, such additional amount or amounts as will compensate such Lender
or the Administrative Agent, as the case may be, for such additional costs or expense incurred or reduction suffered. 
 (b) If any Lender
determines that any Change in Law regarding capital or liquidity requirements has had or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a
consequence of this Agreement, the Commitment of or the Loans made by such Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such
Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy and liquidity), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such
Lender or such Lender’s holding company for any such reduction suffered. 
 (c) [Reserved]. 

(d) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may
be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after
receipt thereof. 
 (e) Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a
waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to paragraph (a) or (b) of this Section for any increased costs or reductions incurred more
than three months prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor; provided further that
if the Change in Law giving rise to such increased costs or reductions is retroactive, then the three-month period referred to above shall be extended to include the period of retroactive effect thereof. 

SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the
last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of 

  
 34 

 
whether such notice is permitted to be revocable under Section 2.11(b) and is revoked in accordance herewith) or (d) the assignment of any Eurodollar Loan other than on the last day of
the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.19, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case
of a Eurodollar Loan, the loss to any Lender attributable to any such event shall be deemed to include an amount determined by such Lender to be equal to the excess, if any, of (i) the amount of interest that such Lender would pay for a deposit
equal to the principal amount of such Loan for the period from the date of such payment, conversion, failure or assignment to the last day of the then current Interest Period for such Loan (or, in the case of a failure to borrow, convert or
continue, the duration of the Interest Period that would have resulted from such borrowing, conversion or continuation) if the interest rate payable on such deposit were equal to the Adjusted LIBO Rate for such Interest Period, over (ii) the
amount of interest that such Lender would earn on such principal amount for such period if such Lender were to invest such principal amount for such period at the interest rate that would be bid by such Lender (or an Affiliate of such Lender) for
dollar deposits from other banks in the London interbank market at the commencement of such period. A certificate of any Lender delivered to the Borrower setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

SECTION 2.17. Taxes. (a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be made free and
clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower or the Administrative Agent shall be required by applicable law to deduct any Taxes from such payments, then (i) if such Taxes are
Indemnified Taxes or Other Taxes, the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or the applicable
Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower or the Administrative Agent shall make such deductions and (iii) the Borrower or the Administrative
Agent shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b) In addition, the
Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrower shall
indemnify the Administrative Agent and each Lender, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to
amounts payable under this Section) payable or paid by the Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes
or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or by the Administrative Agent on its own behalf
or on behalf of a Lender, shall be conclusive absent manifest error. 
 (d) Each Lender shall severally indemnify the Administrative Agent
for any Taxes (but, in the case of any Indemnified Taxes or Other Taxes, only to the extent that the Borrower has 

  
 35 

 
not already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting the obligation of the Borrower to do so) attributable to such Lender that are paid
or payable by the Administrative Agent in connection with any Loan Document and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. The indemnity under this paragraph shall be paid within 10 days after the Administrative Agent delivers to the applicable Lender a certificate stating the amount of Taxes so paid or payable by the Administrative
Agent. Such certificate shall be conclusive of the amount so paid or payable absent manifest error. 
 (e) As soon as practicable after any
payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(f) (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan
Document shall, at the time or times reasonably requested by the Borrower or the Administrative Agent, deliver to the Borrower or the Administrative Agent such properly completed and executed documentation prescribed by applicable law or reasonably
requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent,
shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to
backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Section 2.17(f)(ii)(A), 2.17(f)(ii)(B) or 2.17(f)(ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or
would materially prejudice the legal or commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, in the
event that the Borrower is a U.S. Person: 
 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the
Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding Tax; 
 (B)
any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender
becomes a Lender 

  
 36 

 
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E,
as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form
W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax
pursuant to the “business profits” or “other income” article of such tax treaty; 
 (2) executed copies
of IRS Form W-8ECI; 
 (3) in the case of a Foreign Lender claiming the benefits of
the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, a “10-percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign
corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; or 
 (4) to the extent a
Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN
or IRS Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more
direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on
behalf of each such direct or indirect partner; 
 (C) any Foreign Lender shall, to the extent it is legally entitled to do
so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter
upon the reasonable request of the Borrower or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together
with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) If a payment made to a Lender under any Loan Document would be subject to U.S. Federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Withholding Agent, at the time or
times prescribed by law and at such time or times 

  
 37 

 
reasonably requested by the Withholding 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 Withholding Agent or any agent acting on its behalf as may be necessary for the Withholding Agent to comply with its obligations under FATCA and to determine that such Lender has or has not complied with
such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the Effective Date. 

Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such
form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 
 (g) If any
party determines, in its sole discretion, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section (including additional amounts paid pursuant to this Section), it shall pay to the indemnifying party an
amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including any Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid to such indemnified party pursuant to the previous sentence (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) in the event such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph, in no event will any indemnified
party be required to pay any amount to any indemnifying party pursuant to this paragraph if such payment would place such indemnified party in a less favorable position (on a net after-Tax basis) than such
indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or
any other information relating to its Taxes which it deems confidential) to the indemnifying party or any other Person. 
 (h) Each
party’s obligations under this Section shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document. 
 (i) For purposes of this Section, the term “applicable law” includes
FATCA. 
 SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Setoffs. (a) The Borrower shall make each payment
required to be made by it hereunder (whether of principal, interest, fees or of any amounts under Section 2.15, 2.16 or 2.17, or otherwise) or under any other Loan Document prior to the time expressly required hereunder or under such other Loan
Document (or, if no such time is expressly required, prior to 12:00 p.m., New York City time) on the date when due in immediately available funds, without setoff or counterclaim. Any amounts received after such time on any date may, in the
discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest 

  
 38 

 
thereon. All such payments shall be made to such account of the Administrative Agent as shall be specified by the Administrative Agent, except that payments pursuant to Sections 2.15, 2.16, 2.17
and 10.03 shall be made directly to the Persons entitled thereto and payments pursuant to the other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payments received by it for the
account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder or under any other Loan Document shall be due on a day that is not a Business Day, the date for the payment thereof shall be
extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder and under the other Loan Documents shall be made in dollars.

 (b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
interest and fees then due hereunder, such funds shall be applied (i) first, to pay interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties,
and (ii) second, to pay principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

(c) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or
interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such
greater proportion shall purchase (for cash at face value) participations in the Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount
of principal of and accrued interest on their respective Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and
the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of
this Agreement or any other Loan Document or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any Eligible Assignee. The Borrower consents to the foregoing and agrees, to the
extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower’s rights of setoff and counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 
 (d) Unless the Administrative Agent
shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that
the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment
to the Administrative Agent, at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
 39 

 (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.07(b) or 2.18(d), or any other Section hereof requiring any payment for the account of the Administrative Agent, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts
thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.15, or
if the Borrower is required to pay any additional amount to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending
office for funding or booking its Loans hereunder or to assign and delegate its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Lender, such designation or assignment and delegation
(i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to
such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment and delegation. 

(b) If (i) any Lender requests compensation under Section 2.15, (ii) the Borrower is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, (iii) any Lender becomes a Defaulting Lender or (iv) any Lender has failed to consent to a proposed amendment, waiver, discharge or termination
that under Section 10.02 requires the consent of all the Lenders and with respect to which the Required Lenders shall have granted their consent, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 10.04), all its interests, rights (other than its existing rights to payment pursuant to
Section 2.15 or 2.17) and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment and delegation); provided that (A) the
Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld or delayed, (B) such Lender shall have received payment of an amount equal to the outstanding principal of its
Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (C) in the
case of any such assignment and delegation resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments,
(D) such assignment does not conflict with applicable law and (E) in the case of any such assignment and delegation resulting from the failure to provide a consent to a proposed amendment, waiver, discharge or termination, the assignee
shall have given such consent and, as a result of such assignment and delegation and any contemporaneous assignments and delegations and consents, the applicable amendment, waiver, discharge or termination can be effected. A Lender shall not be
required to make any such assignment and delegation if, prior 

  
 40 

 
thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Each party hereto agrees that an
assignment and delegation required pursuant to this paragraph may be effected pursuant to an Assignment and Acceptance executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and
delegation need not be a party thereto. 
 SECTION 2.20. [Reserved]. 

SECTION 2.21. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
Lender, then, for so long as such Lender is a Defaulting Lender, the Commitment and Loans of such Defaulting Lender shall not be included in determining whether the Required Lenders or any other requisite Lenders have taken or may take any action
hereunder or under any other Loan Document (including any consent to any amendment, waiver or other modification pursuant to Section 10.02); provided that any amendment, waiver or other modification requiring the consent of all Lenders
or all Lenders affected thereby shall, except as otherwise provided in Section 10.02, require the consent of such Defaulting Lender in accordance with the terms hereof. 

In the event that the Administrative Agent and the Borrower each agree that a Defaulting Lender has adequately remedied all matters that
caused such Lender to be a Defaulting Lender, then on such date such Lender shall take such actions as the Administrative Agent may determine to be appropriate in connection with such Lender ceasing to be a Defaulting Lender, whereupon such Lender
shall cease to be a Defaulting Lender (it being understood that all amendments, waivers or other modifications effected without its consent in accordance with the provisions of Section 10.02 and this Section 2.21 during such period shall
be binding on it). The rights and remedies against, and with respect to, a Defaulting Lender under this Section 2.21 are in addition to, and cumulative and not in limitation of, all other rights and remedies that the Administrative Agent, the
Borrower or any other Lender may at any time have against, or with respect to, such Defaulting Lender. 
 ARTICLE III 

Representations and Warranties 

The Borrower represented and warranted, on the Effective Date and on the Funding Date, to each of the Lenders as follows: 

SECTION 3.01. Corporate Existence and Power; Compliance with Law and Agreements. The Borrower is a corporation duly incorporated,
validly existing and in good standing under the laws of its jurisdiction of incorporation. Each of the Borrower and its Consolidated Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it
or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, does not constitute a Material Adverse Effect. 

  
 41 

 SECTION 3.02. Corporate Authority. The Transactions to be entered into by the
Borrower have been duly authorized by all necessary corporate action and are within the Borrower’s corporate power, do not require the approval of the shareholders of the Borrower, and will not violate any provision of law or of its certificate
of incorporation or by-laws, or result in the breach of or constitute a default or require any consent under, or result in the creation of any Lien upon any property or assets of the Borrower pursuant to, any
indenture or other agreement or instrument to which the Borrower is a party or by which the Borrower or its property may be bound or affected. The execution, delivery and performance by the Borrower of this Agreement, each Note and each other Loan
Document do not require any license, consent or approval of, or advance notice to or advance filing with any Governmental Authority or any other third party, or if required, any such license, consent or approval has been obtained and any such notice
or filing has been made. 
 SECTION 3.03. Enforceability. This Agreement is, and each Note and each other Loan Document when
delivered by the Borrower hereunder will be, duly executed and delivered by the Borrower, and does or will constitute the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except as
enforceability may be limited by general principles of equity and bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by moratorium laws from time to time in effect. 

SECTION 3.04. Financial Condition; No Material Adverse Effect. (a) The Borrower has furnished to the Lenders the audited
consolidated financial statements of the Borrower for the fiscal year ended December 31, 2019, audited by and accompanied by the opinion of Ernst & Young, LLP. Such financial statements present fairly in all material respects the
financial position, results of operations and cash flows of the Borrower and its Consolidated Subsidiaries on a consolidated basis as at the dates thereof and for the periods covered thereby in accordance with GAAP. 

(b) Since December 31, 2019, there has been no Material Adverse Effect. 

SECTION 3.05. Litigation. There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending or,
to the knowledge of the Borrower, threatened against or affecting the Borrower or any of its Consolidated Subsidiaries that constitute a Material Adverse Effect. 

SECTION 3.06. ERISA. The Borrower has fulfilled its obligations under the minimum funding standards of ERISA and the Code with respect
to each employee benefit plan of the Borrower subject to such standards and is in compliance in all material respects with the applicable provisions of ERISA, and has not incurred any liability to the PBGC or any employee benefit plan of the
Borrower under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of ERISA. 
 SECTION 3.07.
Environmental Matters. Each of the Borrower and its Consolidated Subsidiaries has obtained all permits, licenses and other authorizations which are required under all Environmental Laws, including laws relating to emissions, discharges,
releases or threatened releases of Hazardous Materials into the environment (including, without limitation, ambient air, surface water, ground water or land), or otherwise relating to the manufacture,

  
 42 

 
processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials, except to the extent failure to have any such permit, license or authorization does not
constitute a Material Adverse Effect. The Borrower and its Consolidated Subsidiaries are in compliance with all terms and conditions of all required permits, licenses and authorizations, and are also in compliance with all other limitations,
restrictions, conditions, standards, prohibitions, requirements, obligations, schedules and timetables, contained in those laws or contained in any regulation, code, plan, order, decree, judgment, injunction, notice or demand letter issued, entered,
promulgated or approved thereunder, except to the extent failure to comply does not constitute a Material Adverse Effect. 
 SECTION 3.08.
Federal Regulations. No part of the proceeds of the Loans will be used, directly or indirectly, for any purpose that violates (including on the part of any Lender) any of the regulations of the Board, including Regulations U and X. 

SECTION 3.09. Investment Company Status. The Borrower is not an “investment company” as defined in, or subject to regulation
under, the Investment Company Act of 1940. 
 SECTION 3.10. Scheduled Debt. Schedule 3.10 sets forth all of the Debt for borrowed
money of the Consolidated Subsidiaries of the Borrower as of December 31, 2019 of which the Borrower, having made all due inquiry, is, as of the December 31, 2019, aware. 

SECTION 3.11. Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures designed
reasonably to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and Sanctions. The Borrower, its Subsidiaries and, to the Borrower’s
knowledge, their respective directors, officers, employees and agents are in compliance with applicable Anti-Corruption Laws and Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or, to the knowledge of the Borrower,
any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any of its Subsidiaries that will act in any capacity in connection with or benefit from the credit facility
established hereby, is a Sanctioned Person. 
 ARTICLE IV 

Conditions 
 SECTION 4.01.
Conditions to Effectiveness. This Agreement became effective on the date on which each of the following conditions were satisfied (or waived in accordance with Section 10.02); provided that the obligations of the Lenders to make
Loans hereunder are subject to the satisfaction (or waiver in accordance with Section 10.02) of the conditions precedent set forth in Section 4.02: 

(a) The Administrative Agent shall have received from each party hereto either (i) a counterpart of this Agreement signed
on behalf of such party or (ii) evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmission) that such party has signed a counterpart of this Agreement (it being understood that arrangements
will be made to subsequently deliver original executed counterparts if requested by the parties hereto). 

  
 43 

 (b) The Administrative Agent shall have received a written opinion
(addressed to the Administrative Agent and the Lenders and dated the Effective Date) of counsel to the Borrower, in form and substance reasonably satisfactory to the Administrative Agent. 

(c) The Administrative Agent shall have received documents and certificates relating to the organization, existence and good
standing of the Borrower, the authorization of the Transactions, the incumbency of the persons executing this Agreement on behalf of the Borrower and any other legal matters relating to the Borrower, this Agreement or the Transactions reasonably
requested by the Administrative Agent, all in form and substance reasonably satisfactory to the Administrative Agent. 
 (d)
The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the President, a Vice President or a Financial Officer of the Borrower, confirming satisfaction as of the Effective Date of the conditions set forth
in paragraphs (a) and (b) of Section 4.02 (with all references in such paragraphs to the date of a Borrowing being deemed to be references to the Effective Date). 

(e) The Administrative Agent, each Arranger and each Lender shall have received all fees and other amounts due and payable on
or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including fees, charges and disbursements of
counsel) required to be reimbursed or paid by the Borrower under any engagement letter or any fee letter entered into in connection with the Facility. 

(f) The Lenders shall have received all documentation and other information required by bank regulatory authorities under
applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, to the extent requested in a written notice to the Borrower prior to the Effective Date. 

The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive
and binding. 
 SECTION 4.02. Conditions to the Funding Date. The obligation of each Lender to make a Loan to the Borrower on the
occasion of any Borrowing was subject to receipt of the request therefor in accordance herewith and to the satisfaction (or waiver in accordance with Section 10.02) of the following conditions: 

(a) The representations and warranties of the Borrower set forth in this Agreement shall be true and correct (i) in
the case of the representations and warranties qualified as to materiality, in all respects and (ii) otherwise, in all material respects, in each case on and as of the date of such Borrowing (or, if such representation or warranty relates to a
specific date, as of such specific date). 
 (b) At the time of and immediately after giving effect to such Borrowing, no
Default shall have occurred and be continuing. 

  
 44 

 The Borrowing of Loans on the Funding Date shall be deemed to constitute a representation and warranty by
the Borrower on the date thereof that the conditions specified in paragraphs (a) and (b) of this Section have been satisfied. 
 ARTICLE
V 
 Affirmative Covenants 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder and under
the other Loan Documents shall have been paid in full, the Borrower covenants and agrees with the Lenders that: 
 SECTION 5.01.
Financial Statements and Other Information. The Borrower will furnish to the Administrative Agent for distribution to each Lender: 

(a) as soon as available and in any event within 100 days after the end of each of its fiscal years, a copy of the
Borrower’s Form 10-K for such fiscal year containing a consolidated balance sheet as at the end of such fiscal year and statements of consolidated income and retained earnings and a statement of
consolidated cash flows for such year, setting forth in comparative form the corresponding figures for the preceding fiscal year and certified by Ernst & Young, LLP, or other independent registered public accounting firm of recognized
national standing selected by the Borrower (it being agreed that (i) no breach of the requirements of this clause shall occur as a result of a change in the reporting requirements of the SEC and (ii) in the event any of the financial
statements referred to in this clause shall no longer be required to be included in the Borrower’s Form 10-K, the Borrower shall nevertheless furnish such financial statements); 

(b) as soon as available and in any event within 60 days after the end of each of the first three fiscal quarters of each of
its fiscal years, a copy of the Borrower’s Form 10-Q for each such fiscal quarter containing a consolidated balance sheet as at the end of such fiscal quarter and a statement of consolidated income and a
statement of consolidated cash flows for such period, prepared on a basis consistent with the corresponding period of the preceding fiscal year, except as disclosed in such financial statements or otherwise disclosed to the Lenders in writing, and
certified by a Financial Officer of the Borrower as presenting fairly, in all material respects, the consolidated financial position and the consolidated results of operations and cash flows of the Borrower and its Consolidated Subsidiaries as of
the end of and for such fiscal quarter and such portion of such fiscal year in accordance with GAAP, subject, however, to year-end audit adjustments (it being agreed that in the event such financial statements
of the Borrower shall no longer be required to be included in Form 10-Q, the Borrower shall nevertheless furnish such financial statements); 

(c) within 120 days after the end of each fiscal year of the Borrower and within 60 days after the end of each of the first
three fiscal quarters of each fiscal year of the Borrower, a statement, signed by a Financial Officer of the Borrower, setting forth the computations of the Borrower Capitalization Ratio; 

  
 45 

 (d) promptly after the sending or filing thereof, copies of all proxy
statements, financial statements and regular or special reports (other than reports on Form 10-K and Form 10-Q but including those on Form
8-K) and registration statements under the Securities Act (other than those on Form S-8 or any successor form relating to the registration of securities offered pursuant
to any employee benefit plan) which the Borrower sends to its stockholders or files with the SEC; 
 (e) promptly
following a request therefor, any documentation or other information that a Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the USA PATRIOT Act and the Beneficial Ownership Regulation; and 
 (f) from time to time such further
information regarding the business, affairs and financial condition of the Borrower and its Subsidiaries as the Lenders shall reasonably request. 

Information required to be delivered pursuant to Sections 5.01(a), 5.01(b) and 5.01(d) (but only with respect to information filed with and
publicly available from the SEC and not with respect to information sent to stockholders) shall be deemed to have been delivered on the date on which such information has been publicly posted on the Borrower’s website at
http://www.hess.com or on the SEC’s website at http://www.sec.gov. All documents and notices required to be delivered to the Lenders by this Section shall be deemed delivered when posted by the Administrative Agent on an
Electronic System. 
 SECTION 5.02. Notices of Material Events. The Borrower will furnish to the Administrative Agent and each Lender
prompt written notice of the following: 
 (a) the occurrence of any Default; and 

(b) any other event or development that constitutes a Material Adverse Effect. 

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower setting forth
the details of the event or development requiring such notice and, in the case of clause (a) above, any action taken or proposed to be taken with respect thereto. 

SECTION 5.03. Existence; Conduct of Business. The Borrower will, and will cause each of its Consolidated Subsidiaries to, do or cause
to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises necessary to the conduct of its business, except, in the case of the legal
existence of any such Consolidated Subsidiary or any such right, license, permit, privilege or franchise, where the failure to so preserve, renew and keep in full force and effect does not constitute a Material Adverse Effect; provided that
the foregoing shall not prohibit any merger or consolidation permitted under Section 6.02. 
 SECTION 5.04. Insurance. The
Borrower will, and will cause each of its Consolidated Subsidiaries to, maintain in full force and effect such policies of insurance in such amounts issued by insurers of recognized responsibility covering the properties and operations of

  
 46 

 
the Borrower and its Consolidated Subsidiaries as is customarily maintained by corporations engaged in the same or similar business in the localities where the properties and operations are
located, including insurance in connection with the disposal, handling, storage, transportation or generation of Hazardous Materials; provided, that nothing shall prevent the Borrower or any of its Consolidated Subsidiaries from effecting
workers’ compensation or similar insurance in respect of operations in any state or other jurisdiction through an insurance fund operated by such state or jurisdiction or from maintaining a system or systems of self-insurance covering its
properties or operations as provided above to the extent that such self-insurance is customarily effected by corporations engaged in the same or similar businesses similarly situated and is otherwise prudent in the circumstances. 

SECTION 5.05. Compliance with Laws. The Borrower will, and will cause each of its Consolidated Subsidiaries to, comply with all laws,
rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, does not constitute a Material Adverse Effect. 

SECTION 5.06. Use of Proceeds. The proceeds of the Loans will be applied by the Borrower solely for general corporate purposes of the
Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that violates (including on the part of any Lender) any of the Regulations of the Board, including Regulations U and X,
as in effect from time to time. The Borrower will not request any Borrowing, and the Borrower will not use or permit its Subsidiaries to use, and shall take reasonable steps to ensure that it and its Subsidiaries’ respective directors,
officers, employees and agents shall not use, the proceeds of any Borrowing (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of
any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (c) in any manner that would result in the
violation of any Sanctions applicable to any party to this Agreement. 
 ARTICLE VI 

Negative Covenants 
 Until the
Commitments shall have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder and under the other Loan Documents shall have been paid in full, the Borrower covenants and agrees with the Lenders that:

 SECTION 6.01. Liens. The Borrower will not, and will not permit any of its Consolidated Subsidiaries (other than the Midstream
Subsidiaries) to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:

 (a) Permitted Encumbrances; 

  
 47 

 (b) any Lien on any property or asset of the Borrower or any of its
Consolidated Subsidiaries existing on the Effective Date and set forth in Schedule 6.01; provided that (i) such Lien shall not apply to any other property or asset of the Borrower or any of its Consolidated Subsidiaries and (ii) such Lien
shall secure only those obligations which it secures on the Effective Date and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof; 

(c) any Lien existing on any property or asset prior to the acquisition thereof by the Borrower or any of its Consolidated
Subsidiaries or existing on any property or asset of any Person that becomes a Consolidated Subsidiary after the Effective Date prior to the time such Person becomes a Consolidated Subsidiary; provided that (i) such Lien is not created
in contemplation of or in connection with such acquisition or such Person becoming a Consolidated Subsidiary, (ii) such Lien shall not apply to any other property or assets of the Borrower or any of its Consolidated Subsidiaries,
(iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Consolidated Subsidiary, and extensions, renewals and replacements thereof that do not increase the
outstanding principal amount thereof and (iv) in the case of any Person becoming a Consolidated Subsidiary as a result of a Division where the Dividing Person is the Borrower or a Consolidated Subsidiary, such Lien was permitted by this clause
(c) immediately prior to the consummation of such Division; 
 (d) Liens securing Debt of the Borrower and its
Consolidated Subsidiaries incurred to finance the acquisition of fixed or capital assets by the Borrower or any Consolidated Subsidiary (other than any Midstream Subsidiary); provided that (i) such Liens shall be created substantially
simultaneously with such acquisition, (ii) such Liens securing such Debt do not at any time encumber any property other than the property financed by such Debt and (iii) the principal amount of Debt secured by any such Lien shall at no
time exceed 100% of the original purchase price of such assets (in the case of a purchase) or fair value of such property at the time it was acquired (in all other cases); 

(e) Liens to secure Debt of the Borrower and its Consolidated Subsidiaries (other than any Midstream Subsidiaries) not
otherwise permitted by this Section 6.01, provided that, immediately after giving effect to the creation, incurrence or assumption of any such Lien or of any Debt secured thereby, the aggregate Debt secured by Liens in reliance on this
clause (e) does not exceed 15% of the Consolidated Net Tangible Assets at such time; and 
 (f) Liens on assets of the
Borrower or any of its Consolidated Subsidiaries securing Debt or other obligations owed to a Consolidated Subsidiary (other than a Midstream Subsidiary) or to the Borrower. 

SECTION 6.02. Fundamental Changes. (a) The Borrower will not (x) liquidate or dissolve or (y) consolidate with or merge
into any other Person, or permit any Person to merge or consolidate into it, or make any sale or other disposition of all or substantially all of its consolidated assets to any other Person, unless, in the case of this clause (y): 

(i) the survivor of any such merger or consolidation or the purchaser or acquiror of such assets shall be a corporation
incorporated under the laws of one of the States of the 

  
 48 

 
United States and not more than 25% of the voting stock (assuming the conversion of all convertible securities and exercise of all options, rights or warrants) of such survivor or such purchaser
shall be owned by such other Person or its owners and shareholders; 
 (ii) such survivor or such purchaser (if not the
Borrower) (A) shall deliver all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, to the
extent reasonably requested in connection therewith by the Administrative Agent or any Lender, and (B) shall expressly assume the obligations of the Borrower under this Agreement and the other Loan Documents pursuant to documentation in form
and substance satisfactory to the Administrative Agent; and 
 (iii) at the time thereof and immediately after giving
effect thereto no Default shall have occurred and be continuing and the Borrower shall have furnished the Administrative Agent with evidence of compliance with the provisions of this Section 6.02. 

(b) The Borrower will not, and will not permit any of its Consolidated Subsidiaries to, engage to any material extent in any
business other than energy-related businesses. 
 SECTION 6.03. Restrictive Agreements. The Borrower will not, and will not permit
any of its Consolidated Subsidiaries (other than any Midstream Subsidiary) to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement with any Person (other than any such agreements or arrangements between or
among the Borrower and its Consolidated Subsidiaries (other than the Midstream Subsidiaries)) that prohibits, restricts or imposes any condition upon the ability of any Significant Subsidiary (other than any Midstream Subsidiary) to pay dividends or
other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Borrower; provided that the foregoing shall not apply to prohibitions, restrictions and conditions imposed by any agreement or
other arrangement so long as the Borrower has determined in good faith that such prohibitions, restrictions and conditions would not reasonably be expected to impair in any material respect the ability of the Borrower to meet its ongoing obligations
under the Loan Documents. 
 SECTION 6.04. Future Subsidiary Guarantees. The Borrower will not permit any Subsidiary to Guarantee any
other Debt of the Borrower unless such Subsidiary has executed and delivered or simultaneously executes and delivers a guarantee agreement in a form and substance reasonably satisfactory to the Administrative Agent for the Guarantee of the payment
of the obligations hereunder; provided that, unless such Subsidiary shall have provided a Guarantee in respect of the Existing Revolving Credit Agreement (or any replacement or refinancing thereof), the Borrower shall not be obligated to
provide any such Guarantee by a Subsidiary not organized under the laws of the United States, any State thereof or the District of Columbia if the provision of such Guarantee would result in an adverse Tax consequence to the Borrower or its
Subsidiaries. 
 SECTION 6.05. Capitalization Ratios. The Borrower shall not permit the Borrower Capitalization Ratio to exceed, as
of the last day of any fiscal quarter, 0.650 to 1.000. 

  
 49 

 ARTICLE VII 

Events of Default 
 If any of the
following events (“Events of Default”) shall occur: 
 (a) the Borrower shall be in default in the payment
when due of any principal of any Loan on the maturity date thereof; 
 (b) the Borrower shall be in default for five
days in the payment when due of any interest on any Loan or any other amount (other than principal) due hereunder or under any other Loan Document; 

(c) any representation or warranty made or deemed made by the Borrower in Article III or in any other Loan Document or in
any certificate of the Borrower furnished to the Administrative Agent or any Lender in connection with any Loan Document shall prove to have been incorrect, when made or deemed made, in any material respect; 

(d) the Borrower shall be in default in the performance of (i) any covenant applicable to it contained in
Section 5.02(a), 5.03 (solely with respect to legal existence of the Borrower), 5.06, 6.01, 6.02, 6.03, 6.04 or 6.05 for five consecutive days after such default shall have become known to the Borrower or (ii) any other covenant, condition
or agreement applicable to it contained in any Loan Document (other those specified in clause (a) or (b) of this Article) for 30 consecutive days after such default shall have become known to the Borrower; 

(e) any obligation of the Borrower or any Significant Subsidiary (other than any Midstream Subsidiary) in respect of any
Debt under the Existing Revolving Credit Agreement (or any replacement or refinancing thereof) or any other Material Indebtedness now or hereafter outstanding shall become due by its terms, whether by acceleration or otherwise, and shall not be
paid, extended or refunded or any default or event of default shall occur in respect of any such obligation and shall continue for a period of time sufficient to cause or permit the acceleration of maturity thereof, or the Borrower or any
Significant Subsidiary (other than any Midstream Subsidiary) shall fail to pay any Swap Payment Obligation of such Person in excess of $150,000,000 when due and payable (whether by acceleration or otherwise), unless such Person is contesting such
Swap Payment Obligation in good faith by appropriate proceedings and has set aside appropriate reserves relating thereto in accordance with GAAP; provided that in the case of any guarantees, endorsements and other contingent obligations in
respect of any such obligation for borrowed money of an entity other than the Borrower or any Consolidated Subsidiary (other than any Midstream Subsidiary) (all of the foregoing being herein called “Accommodation Guarantee
Indebtedness”), a default with respect to any Accommodation Guarantee Indebtedness of such Person shall constitute an Event of Default hereunder only if there shall have been a default in the performance by such Person of its obligations
with respect to such Accommodation Guarantee Indebtedness and such default shall continue for more than 30 days after a holder or beneficiary of such Accommodation Guarantee Indebtedness shall have demanded the performance of such obligation; 

  
 50 

 (f) final judgment for the payment of money in excess of $150,000,000 shall
be rendered against the Borrower or any of its Significant Subsidiaries (other than any Midstream Subsidiary), and the same shall remain undischarged for a period of 60 days during which the judgment shall not be on appeal with the execution thereof
being effectively stayed or execution thereof shall not be otherwise effectively stayed; 
 (g) the Borrower or any of
its Significant Subsidiaries (other than any Midstream Subsidiary) shall (i) apply for or consent to the appointment of a receiver, trustee, administrator or liquidator of itself or of all or a substantial part of its assets, (ii) be
unable, or admit in writing its inability or failure, to pay its debts generally, (iii) make a general assignment for the benefit of creditors, (iv) be adjudicated to be bankrupt or insolvent, (v) commence any case, proceeding or
other action under any existing or future law relating to bankruptcy, insolvency, reorganization or relief of debtors seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent entity, or
seeking reorganization, arrangement, adjustment, winding up, liquidation, dissolution, composition or other relief with respect to it or its debts or an arrangement with creditors or taking advantage of any insolvency law or proceeding for the
relief of debtors, or file an answer admitting the material allegations of a petition filed against it in any bankruptcy, reorganization or insolvency proceeding, or (vi) take corporate action for the purpose of effecting any of the foregoing;

 (h) any case, proceeding or other action shall be instituted in any court of competent jurisdiction against the
Borrower or any of its Significant Subsidiaries (other than any Midstream Subsidiary), seeking in respect of the Borrower or any of its Significant Subsidiaries (other than any Midstream Subsidiary) adjudication in bankruptcy, reorganization,
dissolution, winding up, liquidation, administration, a composition or arrangement with creditors, a readjustment of debts, the appointment of a trustee, receiver, administrator, liquidator or the like of the Borrower or any of its Significant
Subsidiaries (other than any Midstream Subsidiary) or of all or any substantial part of its assets, or other like relief in respect of the Borrower or any of its Significant Subsidiaries (other than any Midstream Subsidiary) under any bankruptcy or
insolvency law, and such case, proceeding or other action results in an entry of an order for relief or any such adjudication or appointment or if such case, proceeding or other action is being contested by the Borrower or any of its Significant
Subsidiaries (other than any Midstream Subsidiary) in good faith, the same shall continue undismissed, or unstayed and in effect, for any period of 60 consecutive days; or 

(i) at any time subsequent to December 31, 2019 and prior to the Maturity Date, Continuing Directors shall fail to
constitute at least a majority of the Board of Directors of the Borrower; for the foregoing purpose, the term “Continuing Directors” means those persons who were directors of the Borrower on December 31, 2019 and any person whose
election or nomination for election as a director of the Borrower at any time subsequent thereto was approved by at least a majority of the persons who were then Continuing Directors; 

then, and in every such event (other than an event with respect to the Borrower described in clause (g) or (h) of this Article), and at any time
thereafter during the continuance of such event, the Administrative Agent shall, at the request of the Required Lenders, by notice to the Borrower, 

  
 51 

 
declare the Loans then outstanding to be due and payable in whole (or in part (but ratably as among the Classes of Loans and the Loans of each Class at the time outstanding), in which case
any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other
obligations of the Borrower hereunder, shall become due and payable immediately, in each case, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in the case of any event with
respect to the Borrower described in clause (g) or (h) of this Article, the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower hereunder, shall immediately and
automatically become due and payable, in each case, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 

ARTICLE VIII 
 The Administrative
Agent 
 Each of the Lenders hereby irrevocably appoints the entity named as the Administrative Agent in the heading of this Agreement and
its successors to serve as administrative agent under the Loan Documents and authorizes the Administrative Agent to take such actions and to exercise such powers as are delegated to the Administrative Agent by the terms hereof and of the other Loan
Documents, together with such actions and powers as are reasonably incidental thereto. 
 The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such Person and its Affiliates may accept deposits from, lend money to, act
as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any of its Subsidiaries or other Affiliates as if it were not the Administrative Agent hereunder and without any duty to
account therefor to the Lenders. 
 The Administrative Agent shall not have any duties or obligations except those expressly set forth
herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties,
regardless of whether a Default has occurred and is continuing (and it is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent
is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law, and that such term is used as a matter of market custom and is intended to create or reflect only an
administrative relationship between contracting parties), (b) the Administrative Agent shall not have any duty to take any discretionary action or to exercise any discretionary powers, except discretionary rights and powers expressly contemplated
hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number 

  
 52 

 
or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in the Loan Documents),
provided that the Administrative Agent shall not be required to take any action that, in its opinion, could expose the Administrative Agent to liability or be contrary to any Loan Document or applicable law, rule or regulation, and (c) except
as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries or other Affiliates
that is communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in the Loan Documents) or in the absence
of its own gross negligence or willful misconduct, with such absence to be presumed unless otherwise determined by a court of competent jurisdiction by a final and non-appealable judgment. The Administrative
Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof (stating that it is a “notice of default”) is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent
shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document
delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document or the occurrence of any Default, (iv) the sufficiency,
validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan
Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
 The Administrative 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 or sent by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory, sender or authenticator
thereof). The Administrative Agent also may rely, and shall not incur any liability for relying, upon any statement made to it orally or by telephone and believed by it to be made by the proper Person (whether or not such Person in fact meets the
requirements set forth in the Loan Documents for being the maker thereof), and may act upon any such statement prior to receipt of written confirmation thereof. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrower), independent accountants and other experts 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 or experts. 

The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document
by or through any one or more sub-agents appointed by the Administrative Agent, provided that, other than in the case of any such sub-agent that is an Affiliate
of the Administrative Agent, the Administrative Agent shall provide prompt written notice of such appointment to the Borrower. The Administrative Agent and any such sub-agent may perform any and all its duties
and exercise its rights and powers 

  
 53 

 
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related
Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities
as Administrative Agent. 
 Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the
Administrative Agent may resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint one of the Lenders a successor. If no such
successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of
the Lenders and in consultation with the Borrower, appoint one of the Lenders as a successor Administrative Agent, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. If the Administrative Agent is a
Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and the Administrative Agent, remove the Administrative Agent in its
capacity as such and, in consultation with the Borrower, appoint a successor. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers,
privileges and duties of the retiring or removed Administrative Agent, and the retiring or removed Administrative Agent shall be discharged (to the extent not theretofore discharged) from its duties and obligations hereunder and under the other Loan
Documents. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the Administrative Agent’s resignation
or removal hereunder, the provisions of this Article and Section 10.03, as well as any exculpatory, reimbursement and indemnification provisions set forth in any other Loan Document, shall continue in effect for the benefit of such retiring or
removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by them while it was acting as Administrative Agent. 

Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, any Arranger or any other Lender, or
any of the Related Parties of any of the foregoing 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 Lender also acknowledges that it will,
independently and without reliance upon the Administrative Agent, any Arranger or any other Lender, or any of the Related Parties of any of the foregoing, 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 or any other Loan Document or other related agreement or any document furnished hereunder or thereunder. 

Each Lender, by delivering its signature page to this Agreement, or delivering its signature page to an Assignment and Acceptance pursuant to
which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the
Administrative Agent or the Lenders on the Effective Date. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that
such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender sufficiently in advance to the making of such Loan. 

  
 54 

 None of the Arrangers or any other Person appointed as a joint lead arranger or joint
bookrunner, senior managing agent or other similar title in connection with the Facility shall have any duties or obligations under this Agreement or any other Loan Document (except in its capacity, as applicable, as the Administrative Agent or as a
Lender), but each of the Arrangers and such other Persons shall have the benefit of the indemnities provided for hereunder. 
 Each Lender
(x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower, that at least one of the following is and will be true: 

(a) such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more
Benefit Plans in connection with the Loans or the Commitments, 
 (b) the transaction exemption set forth in one or more
PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for
certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, 

(c) (i) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of
PTE 84-14), (ii) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Commitments and this
Agreement, (iii) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of
Part I of PTE 84-14 and (iv) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such
Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or 

(d) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its
sole discretion, and such Lender. 
 In addition, unless the immediately preceding clause (a) is true with respect to a Lender or such
Lender has not provided another representation, warranty and covenant as provided in the immediately preceding clause (d), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, and each Arranger and their respective Affiliates, and not,

  
 55 

 
for the avoidance of doubt, to or for the benefit of the Borrower, that none of the Administrative Agent or the Arrangers or any of their respective Affiliates is a fiduciary with respect to the
assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the
Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto). 
 Each of the Administrative
Agent and the Arrangers hereby informs the Lenders that it is not undertaking to provide investment advice or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that it has a financial interest in
the transactions contemplated hereby in that it or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Commitments, this Agreement and any other Loan Documents, (ii) may recognize a gain if it
extended the Loans or the Commitments for an amount less than the amount being paid for an interest in the Loans or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated
hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees,
minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the
foregoing. 
 If the Administrative Agent notifies a Lender or any Person who has received funds on behalf of a Lender (any such Lender or
other recipient, a “Payment Recipient”) that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under the immediately succeeding paragraph) that any funds received by such
Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender or other Payment Recipient on
its behalf) (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise; individually and collectively, an “Erroneous Payment”) and demands the return of such
Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and
such Lender shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to the Administrative Agent the
amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such Erroneous Payment
(or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment Recipient under this Article VIII shall be conclusive, absent manifest error. 

Without limiting the immediately preceding paragraph, each Lender or any Person who has received funds on behalf of a Lender hereby further
agrees that if it receives a payment, 

  
 56 

 
prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent (or any of its
Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment
or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) or (z) that such Lender or other such recipient, otherwise becomes aware was
transmitted, or received, in error or by mistake (in whole or in part) in each case: 
 (i) (A) in the case of
immediately preceding clauses (x) or (y), an error shall be presumed to have been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause
(z)), in each case, with respect to such payment, prepayment or repayment; and 
 (ii) such Lender shall (and shall
cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt of such payment, prepayment or repayment,
the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this Article VIII. 
 Each party
hereto agrees that, in the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with the above, from any Lender that has
received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return
Deficiency”), the Administrative Agent shall be contractually subrogated to all the rights and interests of the applicable Lender under the Loan Documents with respect to each Erroneous Payment Return Deficiency. The parties hereto agree
that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any obligations owed by the Borrower, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous
Payment that is, comprised of funds received by the Administrative Agent from the Borrower for the purpose of making such Erroneous Payment. 

Each party’s obligations under this Article VIII shall survive the resignation or replacement of the Administrative Agent or any transfer
of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all obligations under any Loan Document. 

  
 57 

 ARTICLE IX 

[Reserved] 
 ARTICLE X 

Miscellaneous 
 SECTION 10.01.
Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone or electronic communication as contemplated by paragraph (b) below, all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile or email, as follows: 

(i) if to the Borrower, to Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036, Attention of Treasurer
(rates@hess.com; Fax No. (855) 439-8592) and Assistant Treasurer (rates@hess.com; Fax No. (855) 283-6931); 

(ii) if to JPMorgan Chase Bank, N.A., as Administrative Agent, to JPMorgan Chase Bank, N.A., Loan & Agency Services
Group, 500 Stanton Christiana Road, NCC5, Floor 01, Newark, Delaware 19713, Attention of Nicholas Papa (Phone No. (302) 634-1979) (E-mail: nicholas.papa@jpmorgan.com) (E-Fax 12012443629@tls.ldsprod.com); and 
 (iii) if to any Lender, to it at
its address (or facsimile number or email) set forth in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier
service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by fax shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall
be deemed to have been given at the opening of business on the next business day for the recipient); and notices delivered through electronic communications to the extent provided in paragraph (b) below shall be effective as provided in such
paragraph. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications
(including e-mail) or using Electronic Systems pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices under Article II to any Lender if such
Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication or using Electronic Systems. Any notices or other communications to the Administrative Agent or the Borrower may be
delivered or furnished by electronic communications pursuant to procedures approved by the recipient thereof prior thereto; provided that approval of such procedures may be limited or rescinded by any such Person by notice to each other such
Person. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement
from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an
Electronic 

  
 58 

 
System shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of
notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, e-mail or other
communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(c) Any party hereto may change its address, telephone number, email address or facsimile number for notices and other communications
hereunder by notice to the other parties hereto (or, in the case of any change by a Lender, by notice to the Borrower and the Administrative Agent). 

(d) The Borrower agrees that the Administrative Agent may, but shall not be obligated to, make any Communication by posting such Communication
on Debt Domain, Intralinks, Syndtrak, ClearPar or any other Electronic System. Any Electronic System is provided “as is” and “as available”. Neither the Administrative Agent nor any of its Related Parties warrants, or shall be
deemed to warrant, the adequacy of any Electronic System and the Administrative Agent expressly disclaims liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including any warranty of
merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made, or shall be deemed to be made, by the Administrative Agent or
any of its Related Parties in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties have any liability to the Borrower, any Lender or any other Person for damages of any
kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of
Communications through an Electronic System, except to the extent of direct or actual damages (and not any special, indirect, consequential or punitive damages) that are determined by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of the Administrative Agent or its employees in performing the services hereunder. 

SECTION 10.02. Waivers; Amendments. (a) No failure or delay by the Administrative Agent or any Lender in exercising any right or
power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any
other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by this
Section, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. Without limiting the generality of the foregoing, the execution and delivery of any Loan Document and the making
of any Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent or any Lender or any Related Party of any of the foregoing may have had notice or knowledge of such Default at the time. 

  
 59 

 (b) Except as provided in paragraph (c) of this Section, none of this Agreement or any
other Loan Document, nor any provision hereof or thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or by the Borrower and the Administrative
Agent with the consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan, or change the
permitted currency thereof, or reduce the rate of interest thereon (other than by waiving any “default” interest under Section 2.13(e)), or reduce any fees payable hereunder, without the written consent of each Lender affected
thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan, or any interest thereon, or any fees or any other amount payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the
scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.09(c), Section 2.18(b) or 2.18(c) in a manner that would alter the pro rata termination or reduction of
Commitments or pro rata sharing of payments, as applicable, required thereby without the written consent of each Lender or (v) change any of the provisions of this Section or the percentage set forth in the definition of “Required
Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder without the written consent
of each Lender; provided further that no amendment, modification or waiver of this Agreement or any provision hereof that would alter the rights or duties of the Administrative Agent hereunder shall be effective without the prior
written consent of the Administrative Agent. 
 (c) Notwithstanding anything to the contrary in paragraph (b) of this
Section: 
 (i) this Agreement and the other Loan Documents may be amended as provided in Section 2.14(b); 

(ii) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by the
Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency or to make immaterial changes (including, but not limited to, incorporating changes needed to reflect a successor in interest of any party specifically
referred to herein) so long as, in each case, the Lenders shall have received at least five Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of such notice
to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment; 

(iii) this Agreement may be amended by an agreement in writing entered into by the Borrower and the Administrative Agent
to make any change favorable to the Lenders that is contemplated by the Fee Letter and, for the avoidance of doubt, the Fee Letter may only be amended, waived or modified, and any Default or Event of Default arising thereunder may only be waived,
with the prior written consent of JPMorgan; and 
 (iv) no consent with respect to any amendment, waiver or other
modification of this Agreement or any other Loan Document shall be required of any Defaulting Lender, except with respect to (A) any amendment, waiver or other modification referred to in clause (i),

  
 60 

 
(ii) or (iii) of the first proviso of paragraph (b) of this Section and then only in the event such Defaulting Lender shall be affected by such amendment, waiver or other modification
or (B) any amendment, waiver or other modification requiring the consent of all the Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than the other affected Lenders. 

(d) The Administrative Agent may, but shall have no obligation to, with the prior written consent of any Lender, execute amendments, waivers
or other modifications of this Agreement on behalf of such Lender. Any amendment, waiver or other modification effected in accordance with this Section 10.02 shall be binding upon each Person that is at the time thereof a Lender and each Person
that subsequently becomes a Lender. 
 SECTION 10.03. Expenses; Indemnity; Damage Waiver. (a) The Borrower agrees to pay
(i) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Arrangers and each of their respective Affiliates (including the reasonable and
documented fees, disbursements and other charges of one firm of counsel for the foregoing, taken as a whole, and, if reasonably necessary, of one firm of local counsel in any relevant jurisdiction), in connection with the syndication of the credit
facility provided for herein, the preparation and administration of this Agreement, the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or
thereby shall be consummated) and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, any Arranger or any Lender
(including the reasonable and documented fees, disbursements and other charges of one firm of counsel for the foregoing, taken as a whole, and, if reasonably necessary, of one firm of local counsel in any relevant jurisdiction (and, in the case of
an actual or perceived conflict of interest where the relevant Person affected by such conflict informs the Borrower of such conflict and thereafter retains its own counsel (including, if reasonably necessary, its own local counsel in any relevant
jurisdiction), of such conflict counsel for such affected Person and all similarly situated Persons, taken as a whole)), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents,
including its rights under this Section, or in connection with the Loans made hereunder, including in connection with any workout, restructuring or negotiations in respect thereof. 

(b) The Borrower agrees to indemnify the Administrative Agent, each Arranger and each Lender, and each Related Party of any of the foregoing
Persons (each such Person being called an “Indemnitee”), against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented fees,
disbursements and other charges of one firm of counsel for any Indemnitee, and, if reasonably necessary, of one firm of local counsel in any relevant jurisdiction (and, in the case of an actual or perceived conflict of interest where the relevant
Indemnitee affected by such conflict informs the Borrower of such conflict and thereafter retains its own counsel (including, if reasonably necessary, its own local counsel in any relevant jurisdiction), of such conflict counsel for such affected
Indemnitee and all similarly situated Indemnitees, taken as a whole)) incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document
or any other agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the Transactions or

  
 61 

 
any other transactions contemplated hereby or thereby, (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or
from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and whether initiated against or by any party to this Agreement or any other Loan Document, any Affiliate of any of the foregoing or any third party
(and regardless of whether any Indemnitee is a party thereto); provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a
court of competent jurisdiction by final and non-appealable judgment to have resulted (A) from the gross negligence or willful misconduct of such Indemnitee, its Affiliates or their officers, directors or
employees or (B) from a material breach of this Agreement by such Indemnitee. This Section 10.03(b) shall not apply with respect to Taxes, other than Taxes that represent losses, claims or damages arising from any non-Tax claim. 
 (c) To the extent that the Borrower fails to pay any amount required to be paid by it to
the Administrative Agent (or any sub-agent thereof) or any Related Party of the Administrative Agent (or any such sub-agent thereof), under paragraph (a) or (b) of
this Section (and without limiting the obligation of the Borrower to pay such amount), each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case
may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub agent) in its capacity as such, or against any Related Party of the Administrative Agent (or any such subagent thereof)
acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. For purposes of this paragraph, a Lender’s “pro rata share” shall be determined based upon its share
of the sum of the Commitments and outstanding Loans, in each case, at the time (or most recently in effect or outstanding). 
 (d) To the
extent permitted by applicable law, (i) the Borrower shall assert, and the Borrower hereby waives, any claim against any Indemnitee, on any theory of liability, for any damages arising from the use by others of information or other materials
obtained through telecommunications, electronic or other information transmission systems (including the Internet and Electronic Systems), except to the extent that such damages are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or from a material breach of this Agreement by such Indemnitee, and (ii) no party hereto shall assert,
and each such party hereby waives, any claim against any other party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement, any other Loan Document or any other agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or the use of the proceeds thereof; provided that nothing in this sentence shall relieve the Borrower
of any obligation it may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party. 

  
 62 

 (e) All amounts due under this Section shall be payable promptly after written demand
therefor. 
 SECTION 10.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not (other than as expressly permitted by Section 6.02(a)) assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). 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, Participants (to the extent provided in paragraph (e) of this Section), the Arrangers and, to the extent expressly contemplated hereby, the Related
Parties of the Administrative Agent, the Arrangers and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all
or a portion of its Commitments and its Loans); provided that (i) each of the Borrower (provided that (A) in the case of an assignment to a Lender or an Affiliate of a Lender or to an Approved Fund or (B) upon the
occurrence and during the continuance of an Event of Default arising under clause (a), (b), (g) or (h) of Article VII, the consent of the Borrower shall not be required; and provided further that the Borrower shall be deemed to
have consented to an assignment unless it shall have objected thereto by written notice to the Administrative Agent within 10 Business Days after having received a written request for its consent to such assignment) and the Administrative Agent must
give their prior written consent to such assignment (which consent shall not be unreasonably withheld, delayed or conditioned), (ii) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of
the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with
respect to such assignment is delivered to the Administrative Agent) shall not be less than $10,000,000 unless each of the Borrower and the Administrative Agent shall otherwise consent (provided that upon the occurrence and during the
continuance of an Event of Default arising under clause (a), (b), (g) or (h) of Article VII, the consent of the Borrower shall not be required, provided further that the Borrower shall be deemed to have consented to such other
amount unless it shall have objected thereto by written notice to the Administrative Agent within 10 Business Days after having received a written request for its consent to such assignment), (iii) each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, provided that this clause (iii) shall not be construed to prohibit the assignment of a proportionate part of the assigning
Lender’s rights and obligations in respect of one Class of Loans, (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance (or an agreement incorporating by reference a
form of Assignment and Acceptance posted on any Electronic System), together (except in the case of an assignment by a Lender to one of its Affiliates or an assignment as a result of any of the events contemplated by Section 2.19) with a
processing and recordation fee of $3,500, and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent any tax forms required by Section 2.17(f) and an Administrative Questionnaire in which the assignee
designates one or more credit contacts to 

  
 63 

 
whom all syndicate-level information (which may contain MNPI) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and
applicable laws, including Federal and state securities laws. Upon acceptance and recording pursuant to paragraph (d) of this Section , from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall
be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease
to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 10.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be
treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (e) of this Section. 

(c) The Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall
maintain at one of its offices a copy of each Assignment and Acceptance delivered to it and records of the names and addresses of the Lenders, and the Commitments of, and principal amount of the Loans owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from
time to time upon reasonable prior notice. 
 (d) Upon its receipt of a duly completed Assignment and Acceptance (or an agreement
incorporating by reference a form of Assignment and Acceptance posted on any Electronic System) executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and any tax forms required by
Section 2.17(f) (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register
as provided in this paragraph. 
 (e) Any Lender may, without the consent of the Borrower or the Administrative Agent, sell participations
to one or more Eligible Assignees (each a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans of any Class owing to
it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument
pursuant to which a Lender sells such a participation 

  
 64 

 
shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan
Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 10.02(b) that
affects such Participant. Subject to paragraph (f) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to paragraph (b) of this Section. Each Lender selling participations shall keep a register (the “Participant Register”) in which it shall record the name and address of each Participant to which
such Lender sells participations and the amount and terms of such participations, acting for this purpose as a non-fiduciary agent of the Borrower; provided that no Lender shall have any obligation to
disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under any Loan Document) to any Person
except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) and proposed Section 1.163-5(b) of the United States Treasury regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in
the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register. 
 (f) A Participant shall not be entitled to receive any greater payment under
Section 2.15 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participations sold to such Participant, unless the sale of the participations to such Participant is made with the Borrower’s prior
written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless the Borrower is notified of the participations sold to such Participant and such Participant agrees,
for the benefit of the Borrower, to comply with Section 2.17(f) as though it were a Lender. 
 (g) Any Lender may at any time pledge or
assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any such pledge or assignment to a Federal Reserve Bank or any central bank with jurisdiction over such Lender, and
this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto. 
 SECTION 10.05. Survival. All covenants, agreements, representations and
warranties made by the Borrower in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any
Lender or any Affiliate of any of the foregoing may have had notice or knowledge of any Default or incorrect representation or warranty at the time any Loan Document 

  
 65 

 
is executed and delivered or any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other
amount payable under this Agreement or any other Loan Document is outstanding and unpaid and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 10.03 and Article VIII shall survive and remain
in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. 

SECTION 10.06. USA PATRIOT Act and the Beneficial Ownership Regulation. Each Lender hereby notifies the Borrower that pursuant to the
requirements of the USA PATRIOT Act and/or the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other
information that will allow such Lender to identify the Borrower in accordance with the USA PATRIOT Act and the Beneficial Ownership Regulation. 

SECTION 10.07. Counterparts; Integration; Effectiveness; Electronic Execution. (a) This Agreement may be executed in counterparts
(and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire
contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof, including the commitments of the Lenders and, if applicable,
their Affiliates under any commitment advices submitted in connection with the Facility (but do not supersede any provisions of any engagement letter or any fee letter entered into in connection with the Facility that do not by the terms of such
documents terminate upon the effectiveness of this Agreement, all of which provisions shall remain in full force and effect). This Agreement shall become effective on the Effective Date, and thereafter shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile, e-mailed .pdf or any other electronic image shall be
effective as delivery of a manually executed counterpart of this Agreement. 
 (b) The words “execution”, “signed”,
“signature”, “delivery” and words of like import in or relating to any document to be signed in connection with this Agreement or any other Loan Document and the transactions contemplated hereby shall be deemed to include
Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act; provided that nothing herein shall require the Administrative Agent to accept electronic signatures in any form or format without its prior written consent. Without
limiting the generality of the foregoing, the Borrower hereby (i) agrees that, for all purposes, including in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative
Agent, the Lenders and the Borrower, electronic images of this Agreement or any other Loan Document (in each case, including with respect to any signature pages thereto) shall have the same legal effect, validity and enforceability as any paper
original, and (ii) waives any argument, defense or right to contest the validity or enforceability of the Loan Documents based solely on the lack of paper original copies of any Loan Documents, including with respect to any signature pages
thereto. 

  
 66 

 SECTION 10.08. Severability. Any provision of this Agreement or any other Loan
Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.     

SECTION 10.09. Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time
owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower, now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such
Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff)
that such Lender or Affiliate may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such set off and application; provided that the failure to give notice shall not affect the validity of such set off
and application. 
 SECTION 10.10. Governing Law; Jurisdiction; Consent to Service of Process; Process Agent; Waiver of Immunity.
(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 
 (b) Each party hereto
hereby irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of the United States District Court of the Southern District of New York and the Supreme Court of the State of New York sitting in New York County, and
any appellate court from any thereof, in any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such suit, action or proceeding against the Administrative Agent, any Arranger or any Lender shall be brought, and shall be heard and determined exclusively in such Federal Court, or, in the
event such Federal Court lacks subject matter jurisdiction, such New York State court. Each of the parties hereto agrees that a final judgment in any such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Arranger or any Lender may otherwise have to bring any suit, action or
proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts of any jurisdiction. 

(c) Each party to this Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so,
any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to 

  
 67 

 
this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by
law, the defense of an inconvenient forum to the maintenance of such suit, action or proceeding in any such court. 
 (d) Each party to this
Agreement irrevocably consents to service of process in the manner provided for notices to it in Section 10.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any
other manner permitted by law. 
 SECTION 10.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 10.12. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 10.13. Confidentiality; Non-Public Information. (a) Each of the Administrative
Agent and the Lenders agrees to maintain the confidentiality of and to not disclose the Information (as defined below), except that Information may be disclosed (i) to its and its Affiliates’ directors, members, partners, officers,
employees and agents, including accountants, legal counsel and other advisers, on a need-to-know basis (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such Information confidential or shall otherwise be bound by an obligation of confidentiality), (ii) to the extent requested by any regulatory authority
(including (A) any self-regulatory authority, such as the National Association of Insurance Commissioners and (B) in connection with a pledge or assignment permitted under Section 10.04(g)), (iii) to the extent required by applicable
laws or regulations or by any subpoena or similar legal process (in which case such applicable party hereto agrees to inform the Borrower promptly thereof to the extent practical and not prohibited by applicable law), (iv) to any other party to this
Agreement, (v) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or under
any other Loan Document, (vi) subject to an agreement containing provisions at least as restrictive as those of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or
obligations under this Agreement or (B) any actual or prospective direct or indirect counterparty (or its advisors) to 

  
 68 

 
any securitization, swap or derivatives transaction, relating to the Borrower, any of its Subsidiaries and the obligations hereunder, (vii) with the consent of the Borrower, (viii) on a
confidential basis to any rating agency in connection with rating the Borrower or its Subsidiaries or the credit facility provided for herein or (ix) to the extent such Information (A) becomes publicly available other than as a result of a
breach of this Section or (B) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower or any Subsidiary and such source is not, to the knowledge of the Administrative Agent or
such Lender, subject to contractual or fiduciary confidentiality obligations owing to the Borrower or any Subsidiary with respect to such Information. In addition, each of the Administrative Agent and the Lenders may disclose the existence of this
Agreement and the terms of this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the
other Loan Documents and the Commitments, including the CUSIP Service Bureau. For the purposes of this Section, “Information” means all information received (whether prior to, or after the Effective Date) from or on behalf of the
Borrower, any Subsidiary or any Affiliate of the foregoing relating to the Borrower, any Subsidiary or any Affiliate of the foregoing or their respective businesses, financial condition, operations or assets, other than any such information that is
available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by or on behalf of the Borrower, any Subsidiary or any Affiliate of the foregoing; provided that in the case of information received from the
Borrower after the Effective Date, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

(b) Each Lender acknowledges that information furnished to it pursuant to this Agreement may include MNPI, and confirms that it has developed
compliance procedures regarding the use of MNPI and that it will handle such MNPI in accordance with those procedures and applicable law, including Federal and state securities laws. 

(c) All information, including requests for waivers and amendments, furnished by the Borrower or the Administrative Agent pursuant to, or in
the course of administering, this Agreement or any other Loan Document will be syndicate-level information, which may contain MNPI. Accordingly, each Lender represents to the Borrower and the Administrative Agent that it has identified in its
Administrative Questionnaire a credit contact who may receive information that may contain MNPI in accordance with its compliance procedures and applicable law, including Federal and state securities laws. 

SECTION 10.14. No Fiduciary Relationship. The Borrower agrees that in connection with all aspects of the transactions contemplated by
the Loan Documents and any communications in connection therewith, the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers, the Lenders and their respective Affiliates, on the other hand, will have a business
relationship that does not create, by implication or otherwise, any fiduciary duty or advisory or agency relationship on the part of the Administrative Agent, the Arrangers, the Lenders or their respective Affiliates, and no such duty or
relationship will be deemed to have arisen in connection with any such transactions or communications. The Borrower agrees that it 

  
 69 

 
will not assert any claims against the Administrative Agent, the Arrangers, the Lenders or their respective Affiliates with respect to any breach or alleged breach of a fiduciary duty in
connection with any aspect of any transaction contemplated hereby. The Administrative Agent, each Arranger, each Lender and their respective Affiliates may have economic interests that conflict with those of the Borrower, its equityholders and/or
their respective Affiliates. 
 SECTION 10.15. [Reserved]. 

SECTION 10.16. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable
to any Loan, together with all fees, charges and other amounts that are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”)
that may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof,
shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and
Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the NYFRB Rate to the date of repayment, shall have been
received by such Lender. 
 SECTION 10.17. Acknowledgement and Consent to Bail-In of Affected
Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among the parties hereto, each party hereto acknowledges that any liability of any Affected Financial
Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound
by: 
 (a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such
liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b) the effects of any Bail-In Action on any such liability, including, if applicable:

 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability
in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 
 [Remainder of page
intentionally left blank] 

  
 70 

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

					
	HESS CORPORATION, as the Borrower
			
	    	 	by	 	  

		 		 	Name:
		 		 	Title:

 
			
	JPMORGAN CHASE BANK, N.A.,
	individually and as Administrative Agent
		
	    by	 	  

		 	Name:
		 	Title:

 Exhibit A 

[See Attached] 

 EXHIBIT A 

to Term Loan Agreement 
 [FORM OF]

 ASSIGNMENT AND ACCEPTANCE 

This Assignment and Acceptance (the “Assignment and Acceptance”) is dated as of the Assignment Effective Date set forth below
and is entered into by and between the Assignor (as defined below) and the Assignee (as defined below). Capitalized terms used but not defined herein shall have the meanings given to them in the Term Loan Agreement identified below (the
“Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex I attached hereto are hereby agreed to and incorporated herein by reference and made a part
of this Assignment and Acceptance as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and
assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Assignment Effective Date inserted by the
Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to
the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the relevant Classes set forth below and (ii) to the extent permitted to be assigned under applicable law, all claims,
suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity, in each case to the
extent related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Acceptance, without representation or warranty by the Assignor. 

 

					
	1.	  	Assignor:	  	  

			
	2.	  	Assignee:	  	  

			
		  		  	[a Lender] [an Affiliate of [Lender]] [an Approved Fund of [Lender]]
			
	3.	  	Borrower:	  	Hess Corporation
			
	4.	  	Administrative Agent:	  	JPMorgan Chase Bank, N.A., the Administrative Agent under the Credit Agreement

					
	5.	  	Credit Agreement:	  	Term Loan Agreement, dated as of March 16, 2020 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time), among Hess Corporation, the lenders from time to time party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent
			
	6.	  	Assigned Interest:1	  	

  

													
	 Class of Loans

Assigned        
	  	Aggregate Amount of
Commitments/Loans
of the applicable Class
of all Lenders	 	  	Amount of
Commitments/Loans
of the applicable Class
Assigned	 	  	Percentage Assigned
of Aggregate Amount
of
Commitments/Loans
of the applicable Class of
all Lenders 2	 
		  	$	             	 	  	$	             	 	  	 	        	% 

 Assignment Effective Date:                 ,
20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
  

 

	1	 To comply with the minimum assignment amounts set forth in 10.04(b)(ii) of the Credit Agreement.

	2	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.

  
 2 

 The terms set forth in this Assignment and Acceptance are hereby agreed to: 

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Consented to and Accepted:
	
	JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Consented to:
	
	HESS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:]3

  
  

	3	 To be included only if the consent of the Borrower is required by Section 10.04(b) of the Credit
Agreement. 

 ANNEX I 

HESS CORPORATION TERM LOAN AGREEMENT 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document, other than the statements, warranties or representations made by it herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents, (iii) the
financial condition of the Borrower, any of its Subsidiaries or other Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or other Affiliates or
any other Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents
and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit
Agreement, (ii) it satisfies the requirements specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Assignment Effective Date, it
shall be bound by the provisions of the Credit Agreement and the other Loan Documents as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the
Credit Agreement and the other Loan Documents, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, and such other documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender
and (v) attached to this Assignment and Acceptance is any documentation required to be delivered by it pursuant to Section 2.17 of the Credit Agreement, duly completed and executed by the Assignee (including, if the Assignee is a Lender
that is a United States Person, IRS Form W-9 certifying that such Lender is exempt from United States Federal backup withholding tax and, if the Assignee is a Foreign Lender, IRS Form W-8-BEN, IRS Form W-8-BEN-E, IRS Form W-8ECI or IRS Form W-8IMY, as applicable); and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other
Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their
terms all of the obligations which by the terms of the Credit Agreement and the other Loan Documents are required to be performed by it as a Lender. 

 2. Payments. From and after the Assignment Effective Date, the Administrative Agent
shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the Assignment Effective Date. The Assignor and
the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Assignment Effective Date or with respect to the making of this assignment directly between themselves. 

3. General Provisions. This Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Acceptance by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this
Assignment and Acceptance. This Assignment and Acceptance shall be construed in accordance with and governed by the law of the State of New York. 

 Exhibit D 

[See Attached] 

 EXHIBIT D 

to Term Loan Agreement 
 [FORM OF]

 INTEREST ELECTION REQUEST 
 JPMorgan Chase
Bank, N.A., 
 as the Administrative Agent 
 Loan &
Agency Services Group 
 500 Stanton Christiana Road, NCC5, Floor 1 

Newark, Delaware 19713 
 Attention: Nicholas Papa 

E-Fax: 12012443639@tls.ldsprod.com 

[Date] 
 Ladies and Gentlemen: 

Reference is made to the Term Loan Agreement, dated as of March 16, 2020 (as amended, restated, amended and restated, supplemented and/or
otherwise modified from time to time, the “Credit Agreement”), among Hess Corporation (the “Borrower”), the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Capitalized
terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 
 This notice constitutes an
Interest Election Request and the Borrower hereby gives you notice, pursuant to Section 2.08 of the Credit Agreement, that it requests the conversion or continuation of a Borrowing under the Credit Agreement, and in that connection the Borrower
specifies the following information with respect to such Borrowing and each resulting Borrowing: 
  

					
	1.	  	Borrowing to which this request applies:	  	  

		  	 Principal Amount:
	  	  

		  	 Class
	  	  

		  	 Type:
	  	  

		  	 Interest Period1:
	  	  

			
	2.	  	Effective date of this election2:	  	  

			
	3.	  	Resulting Borrowing[s]3	  	
		  	 Principal Amount4:
	  	  

  
  

	1	 In the case of a Eurodollar Borrowing, specify the last day of the current Interest Period therefor.

	2	 Must be a Business Day. 

	3	 If different options are being elected with respect to different portions of the Borrowing, provide the
information required by this item 3 for each resulting Borrowing. Each resulting Borrowing shall be subject to Section 2.02(c) of the Credit Agreement. 

	4	 Indicate the principal amount of the resulting Borrowing. 

					
	    
	  	 Type5:
	  	  

		  	 Interest Period6:
	  	  

  

			
	Very truly yours,
	
	HESS CORPORATION,
		
	By:	 	
                     

		 	Name:
		 	Title:

  
  

	5	 Specify whether the resulting Borrowing is to be a ABR Borrowing or a Eurodollar Borrowing.

	6	 Applicable only if the resulting Borrowing is to be a Eurodollar Borrowing. Shall be subject to the definition
of “Interest Period” and can be a period of one week (if generally available) or one, two, three or six months.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}]]